09:19     TIAN AN<00028> - Announcement                                       

                                                                              
    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.                   
                                                                              
    TIAN AN CHINA INVESTMENTS COMPANY LIMITED                                 
    (Incorporated in Hong Kong with limited liability)                        
    (Stock Code: 28)                                                          
                                                                              
    CONNECTED TRANSACTION                                                     
                                                                              
    Disposal of Sing Hing Investment Limited, an Indirect                     
    Wholly-owned Subsidiary of                                                
    Tian An China Investments Company Limited                                 
                                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
    The despatch of the Circular in relation to the connected transaction     
    will be delayed from 14th February, 2005 to on or before 28th February,   
    2005.                                                                     
                                                                              
    Reference is made to the announcement of the Company dated 21st           
    January, 2005 (the "Announcement") in relation to the connected           
    transaction of the Company. Unless the context otherwise stated, the      
    terms used herein shall have the same respective meanings as those        
    defined in the Announcement.                                              
                                                                              
    According to Rule 14A.49 of the Listing Rules, the Company is required    
    to despatch to its Shareholders a circular (the "Circular") in respect    
    of the connected transaction within 21 days after the publication of      
    the Announcement on 24th January, 2005, that is on or before 14th         
    February, 2005. However, as additional time is required by the Company    
    to include further information in the Circular such as (i) the letter     
    to be issued by the independent financial adviser to the independent      
    board committee and the independent Shareholders of the Company, and      
    (ii) the valuation of and information on the 2nd PRC Property, the        
    Company has applied to the Stock Exchange for a waiver from strict        
    compliance with Rule 14A.49 of the Listing Rules such that the Circular   
    will be despatched to the Shareholders no later than 28th February,       
    2005.                                                                     
                                                                              
    By Order of the Board                                                     
    Tian An China Investments Company Limited                                 
    Cindy Yung Yee Mei                                                        
    Company Secretary                                                         
                                                                              
    Hong Kong, 8th February, 2005                                             
                                                                              
    As at the date of this announcement, the Board comprises Mr. Patrick      
    Lee Seng Wei (Chairman), Mr. Ng Qing Hai (Managing Director), Mr. Ma      
    Sun, Mr. Edwin Lo King Yau and Mr. Li Chi Kong being the Executive        
    Directors, Mr. Moses Cheng Mo Chi and Miss Lisa Yang Lai Sum being the    
    Non-Executive Directors, and Mr. Francis J. Chang Chu Fai, Mr. Goodwin    
    Gaw, Mr. Ngai Wah Sang and Mr. Xu Su Jing being the Independent           
    Non-Executive Directors.