09:47     HENG TAI<00197> - Announcement (1)                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    HENG TAI CONSUMABLES GROUP LIMITED                                        
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 0197)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    IN RELATION TO CAPITAL CONTRIBUTION IN SENOX CO., LTD.                    
                                                                              
    The Board announces that on 4 February 2005, Hurdle, a wholly-owned       
    subsidiary of the Company, entered into an agreement with Super Smart     
    and Pacific Link relating to the Capital Contribution.                    
                                                                              
    CAPITAL CONTRIBUTION                                                      
    It was agreed under the Agreement that the issued share capital of Senox  
    be increased and each of the existing shareholders of Senox, including    
    Hurdle, would make its respective capital contribution pro rata to its    
    shareholding to Senox.                                                    
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    The Transaction constitutes a discloseable transaction for the Company    
    under Chapter 14 of the Listing Rules and the Company will send a         
    circular containing further details regarding the Transaction as soon as  
    practicable and in accordance with the Listing Rules.                     
                                                                              
    INTRODUCTION                                                              
    Hurdle, a wholly-owned subsidiary of the Company, Super Smart and         
    Pacific Link entered into agreements on 5 March 2003 and 18 March 2004,   
    respectively, in relation to the establishment of a logistic centre in    
    Zhongshan, the PRC. Pursuant to such agreements, Hurdle, Super Smart and  
    Pacific Link became the shareholders of Senox. Hurdle has invested        
    HK$14,151,000 in Senox pursuant to the 2003 Agreement and an additional   
    HK$14,151,000 in Senox pursuant to the 2004 Agreement. Hurdle owns 30%    
    of the issued share capital of Senox as at the date of this               
    announcement.                                                             
                                                                              
    Senox is the beneficial owner of the entire issued share capital of Sino  
    Combo which in turn is the owner of the entire equity interest in Jin     
    Tao. Jin Tao is the owner of Zhongshan Logistic Centre. Zhongshan         
    Logistic Centre is currently under construction and approximately 70% of  
    its construction work is completed as at the date of this announcement.   
                                                                              
    The Board announces that on 4 February 2005, Hurdle entered into the      
    Agreement with Super Smart and Pacific Link relating to the Capital       
    Contribution. It was agreed under the Agreement that the issued share     
    capital of Senox be increased and each of the existing shareholders of    
    Senox, including Hurdle, would make its respective capital contribution   
    pro rata to its shareholding to Senox.                                    
                                                                              
    The Transaction constitutes a discloseable transaction for the Company    
    under Chapter 14 of the Listing Rules and the Company will send a         
    circular containing further details regarding the Transaction as soon as  
    practicable and in accordance with the Listing Rules.                     
                                                                              
    THE AGREEMENT                                                             
    On 4 February 2005, Hurdle, Super Smart and Pacific Link entered into     
    the Agreement.                                                            
                                                                              
    Parties                                                                   
    (1)        Hurdle;                                                        
                                                                              
    (2)        Super Smart; and                                               
                                                                              
    (3)        Pacific Link                                                   
                                                                              
    Capital Contribution                                                      
    As at the date of this announcement, the issued share capital of Senox    
    is approximately HK$94.3 million which is fully paid up by each of the    
    existing shareholders of Senox.                                           
                                                                              
    Pursuant to the Agreement, the parties to the Agreement, being all the    
    shareholders of Senox, have agreed to increase the issued share capital   
    of Senox from approximately HK$94.3 million to HK$130 million.            
    Accordingly, each of the existing shareholders of Senox will have to      
    make the capital contribution to Senox pro rata to its shareholding. As   
    30% of the issued share capital of Senox was held by Hurdle, Hurdle       
    would have to contribute an amount of HK$10,698,000 as capital            
    contribution to Senox. The Capital Contribution is expected to be paid    
    in full by each of the shareholders of Senox on or before 30 June 2005.   
                                                                              
    SENOX