09:14     SINOCHEM HK<00297> - Announcement (2)                               

                                                                              
    Shareholders and potential investors of the Company should note that      
    the Acquisition is conditional upon various conditions as described       
    in the Announcement. In particular, the Executive may or may not          
    grant the Whitewash Waiver and the new listing application may or         
    may not be approved.                                                      
                                                                              
    By order of the board                                                     
    Sinochem Hong Kong (Group) Company Limited                                
    Song Yu Qing                                                              
    Director                                                                  
                                                                              
    By order of the board                                                     
    Sinochem Hong Kong Holdings Limited                                       
    Navin Aggarwal                                                            
    Company Secretary                                                         
                                                                              
    Hong Kong, 17 February 2005                                               
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    Liu Deshu (Chairman), Mr. Song Yu Qing (Deputy Chairman and Chief         
    Executive Officer), Mr. Chu Yu Lin, David, Mrs. Chu Ho Miu Ming and       
    Ms. Chen Hao and the independent non-executive Directors are Mr. Ko       
    Ming Tung, Edward, Mr. Tang Tin Sek and Dr. Li Ka Cheung, Eric.           
                                                                              
    The directors of the Company jointly and severally accept full            
    responsibility for the accuracy of the information contained in this      
    announcement (other than that in relation to the Sinochem Group and       
    the Fertiliser Group) and confirm, having made all reasonable             
    enquiries, that to the best of their knowledge, opinions expressed        
    in this announcement (other than those in relation to the Sinochem        
    Group and the Fertiliser Group) have been arrived at after due and        
    careful consideration and there are no other facts not contained in       
    this announcement the omission of which would make any statement in       
    this announcement (other than those in relation to the Sinochem Group     
    and the Fertiliser Group) misleading.                                     
                                                                              
    The directors of Sinochem HK jointly and severally accept full            
    responsibility for the accuracy of the information contained in this      
    announcement (other than that in relation to the Group) and confirm,      
    having made all reasonable enquiries, that to the best of their           
    knowledge, opinions expressed in this announcement (other than those      
    in relation to the Group) have been arrived at after due and careful      
    consideration and there are no other facts not contained in this          
    announcement the omission of which would make any statement in this       
    announcement (other than those in relation to the Group) misleading.