09:47     CHIAHSIN CEMENT<00699> - 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.               
                                                                              
                                                                              
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    Chia Hsin Cement Greater China Holding Corporation                        
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 699)                                                         
                                                                              
    ANNOUNCEMENT                                                              
    DELAY IN DESPATCH OF CIRCULAR                                             
                                                                              
                                                                              
    As the Company requires additional time for finalising and                
    reviewing certain information required to be included in the              
    circular, the Company announces that it has applied to the Stock          
    Exchange for a waiver from strict compliance with Rule 14A.49 of the      
    Listing Rules such that the despatch of the circular in relation to       
    the Transactions can be postponed. The Company expects to despatch        
    the circular on or before 4 March 2005.                                   
                                                                              
                                                                              
    Reference is made to the announcement issued by the Company dated 20      
    January 2005 (the `Announcement'). Capitalised terms used in this         
    announcement which are not defined in this announcement shall have        
    the same meanings as those defined in the Announcement, unless the        
    context requires otherwise.                                               
                                                                              
    Pursuant to Rule 14A.49 of the Listing Rules, the Company is              
    required to despatch the continuing connected transaction circular in     
    relation to the Transactions to the Shareholders within 21 days after     
    the publication of the Announcement, which shall be on or before 10       
    February 2005. Although the Company has been preparing and collecting     
    the information to be included in the Circular, the Company requires      
    additional time for finalising and reviewing the information (which       
    includes but not limited to some statistic and figures in relation to     
    the Taiwan cement market, the relevant pricing comparables and other      
    factors and facts that would influence such pricing of the products)      
    since such information covers a number of different areas. 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            
    despatch of the circular in relation to the Transactions can be           
    postponed. The Company expects to despatch the circular on or before      
    4 March 2005.                                                             
                                                                              
                                                                              
                                                                              
                                   By order of the Board Wang                 
                                   Chien Kuo, Robert                          
                                   Chairman                                   
                                                                              
                                                                              
                                                                              
    The Board as at the date of this announcement comprises Mr Wang           
    Chien Kuo, Robert, Mr Lan Jen Kuei, Konrad, Mr Chang Kang Lung, Jason     
    and Ms Wang Li Shin, Elizabeth as the executive Directors, Mr Chang       
    Yung Ping, Johnny, Mr Chang An Ping, Nelson and Mr Mar Shaw Hsiang as     
    the non-executive Directors and Ms Chen Meei Ling, Shelly, Mr Davin       
    A. Mackenzie, Mr Zhuge Pei Zhi and Mr Wu Chun Ming as the independent     
    non-executive Directors.                                                  
                                                                              
    Hong Kong, 8 February 2005