09:58     SHENZHENEXPRESS<00548>-Announcement&Resumption of Trading-15        

                                   its directors, chief                       
                                   executive, promoters,                      
                                   supervisors or substantial                 
                                   shareholders or their                      
                                   respective associates                      
    `Lianzhou - Yizhang Section'   A class 2 road with 68                     
                                   kilometers connecting the                  
                                   northern part of Qinglian                  
                                   Class One Highway with the                 
                                   southern part of                           
                                   Beijing-Zhuhai Expressway                  
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `Maxprofit'                    Maxprofit Gain Limited , a                 
                                   company incorporated in the                
                                   British Virgin Islands with                
                                   limited liability with the                 
                                   sole purpose of holding 25%                
                                   equity interest in Qinglian                
                                   Company                                    
    `Mei Wah'                      Mei Wah Industrial (Hong                   
                                   Kong) Limited , a company                  
                                   incorporated in Hong Kong                  
                                   with limited liability and                 
                                   wholly-owned by the Company                
    `Mei Wah Acquisition'          The acquisition of the entire              
                                   issued share capital of                    
                                   Spring Sun from Mr. Chung, or              
                                   if so directed by Mei Wah,                 
                                   Spring Sun shall transfer 25%              
                                   out of its 42.1% equity                    
                                   interest in Qinglian Company               
                                   to a company designated by                 
                                   Mei Wah and Mei Wah shall                  
                                   acquire the entire issued                  
                                   share capital of such company              
    `Mei Wah Acquisition           The agreement entered into by              
    Agreement'                     Mei Wah, Mr. Chung, Zhuhai                 
                                   New Chang Jiang and Great                  
                                   Eagle on 3 February 2005                   
                                   relating to the Mei Wah                    
                                   Acquisition                                
    `Mr. Chung'                    Chung Chi Fai , the                        
                                   beneficial and registered                  
                                   shareholder of Spring Sun                  
                                   holding 100% of its issued                 
                                   share capital                              
    `PRC'                          the People's Republic of                   
                                   China other than the special               
                                   administrative regions of                  
                                   Hong Kong and Macau                        
    `Qinglian Class One Highway'   a first grade highway which                
                                   runs for 215.846 kilometers                
                                   from Lian Zhou City Feng Tou               
                                   Ling  to Qing Xin County Jing              
                                   Kou Town                                   
    `Qinglian Class 2 Road'        the Qinglian section of the                
                                   original National Highway 107              
                                   which runs parallel to                     
                                   Qinglian Class One Highway                 
                                   for 253 kilometers from Lian               
                                   Zhou City Feng Tou Ling  to                
                                   Qing Xin County Jing Kou Town              
    `Qinglian Company'             Guangdong Qinglian Highway                 
                                   Development Company Limited ,              
                                   a Sino-foreign cooperative                 
                                   joint venture established in               
                                   the PRC with limited                       
                                   liability                                  
    `Qinglian Highways'            The Qinglian Class One                     
                                   Highway and Qinglian Class 2               
                                   Road                                       
    `RMB'                          renminbi, the lawful currency              
                                   of the PRC                                 
    `Share(s)'                     Share(s) of the Company                    
    `Shareholder(s)'               Shareholders of the Company                
    `Spring Sun'                   Spring Sun International                   
                                   Limited , a company                        
                                   incorporated in the British                
                                   Virgin Islands with limited                
                                   liability                                  
    `Spring Sun Acquisition'       The acquisition of the17.1%                
                                   equity and all the debt                    
                                   interest of Spring Sun in                  
                                   Qinglian Company by the                    
                                   Company from Spring Sun                    
    `Spring Sun Acquisition        The agreement entered into by              
    Agreement'                     Spring Sun, the Company, Mr.               
                                   Chung, Maxprofit, Great Eagle              
                                   and Zhuhai New Chang Jiang on              
                                   3 February 2005 relating to                
                                   the Spring Sun Acquisition                 
    `Stock Exchange'               The Stock Exchange of Hong