09:54     SHENZHENEXPRESS<00548>-Announcement&Resumption of Trading-5         

    registered capital of Mei Wah. In case the relevant government            
    approval is not given, the Company may acquire the 25% equity             
    interest in Qinglian Company directly from Spring Sun or Maxprofit.       
                                                                              
    The third agreement involves the Great Eagle Acquisition, pursuant        
    to which the Company will acquire from Great Eagle the 14.18% equity      
    interest in Qinglian Company and shareholder's loans of US$16,875,488     
    (approximately HK$131,628,806) and accrued interest of US$9,418,473       
    (approximately HK$73,464,089) as at 31 December 2004 owed by Qinglian     
    Company to Sun Yue Traffic which Great Eagle will acquire from Sun        
    Yue Traffic under the Sun Yue Acquisition. The Company is not a party     
    to the Sun Yue Acquisition and the Great Eagle Acquisition will take      
    place subsequent to the completion of the Sun Yue Acquisition. As far     
    as the Directors are aware of, Sun Yue Acquisition has not yet been       
    completed as at the date of the announcement.