09:44     CHIA TAI ENT<00121> - Announcement (6)                              

    (8)   Xian Lotus Eggs, Chicken and Processed Meat                         
    Purchase Agreement                                                        
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Xian Lotus as purchaser (a CTEI                       
    Supermarket Subsidiary)                                                   
                                                                              
    (ii)   Shaanxi Chia Tai as supplier (a CPP Subsidiary)                    
                                                                              
    Subject   :   Eggs, chicken and processed meat                            
                                                                              
    Term   :   With effect from 1st January, 2005 to 31st                     
    December, 2007                                                            
                                                                              
    Price   :   To be determined by reference to the                          
    prevailing market price of eggs, chicken and processed                    
    meat in the PRC, the prevailing market demand and the                     
    quotations obtained from various potential suppliers,                     
    and no less favourable to this CTEI Supermarket                           
    Subsidiary than those available from independent                          
    suppliers.                                                                
                                                                              
    Payment terms   :   Credit terms of up to 60 days.                        
    Payment for the purchases shall be made by telegraphic                    
    transfer, bank-issued bills payable within three                          
    months or other payment methods acceptable in the PRC.                    
                                                                              
    The annual value of the purchases of eggs, chicken and                    
    processed meat by Xian Lotus from Shaanxi Chia Tai for                    
    the financial years ending 31st December, 2005, 31st                      
    December, 2006 and 31st December, 2007 will not exceed                    
    HK$4,000,000, HK$4,400,000 and HK$4,840,000                               
    respectively. The caps have been determined by                            
    reference to (i) the aggregate value of eggs, chicken                     
    and processed meat amounting to approximately                             
    HK$489,000 purchased by Xian Lotus from Shaanxi Chia                      
    Tai in 2004; (ii) the possible price increases in line                    
    with consumer prices in the PRC generally; (iii) the                      
    projected growth of business of Xian Lotus; and (iv)                      
    the possibility of the revaluation of RMB in the coming                   
    years.                                                                    
                                                                              
    (9)   Zhengzhou Lotus Eggs, Chicken and Processed Meat                    
    Purchase Agreement                                                        
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Zhengzhou Lotus as purchaser (a                       
    CTEI Supermarket Subsidiary)                                              
                                                                              
    (ii)   Shaanxi Chia Tai as supplier (a CPP Subsidiary)                    
                                                                              
    Subject   :   Eggs, chicken and processed meat                            
                                                                              
    Term   :   With effect from 1st January, 2005 to 31st                     
    December, 2007                                                            
                                                                              
    Price   :   To be determined by reference to the                          
    prevailing market price of eggs, chicken and processed                    
    meat in the PRC, the prevailing market demand and the                     
    quotations obtained from various potential suppliers,                     
    and no less favourable to this CTEI Supermarket                           
    Subsidiary than those available from independent                          
    suppliers.                                                                
                                                                              
    Payment terms   :   Credit terms of up to 60 days.                        
    Payment for the purchases shall be made by telegraphic                    
    transfer, bank-issued bills payable within three                          
    months or other payment methods acceptable in the PRC.                    
                                                                              
    The annual value of the purchases of eggs, chicken and                    
    processed meat by Zhengzhou Lotus from Shaanxi Chia                       
    Tai for the financial years ending 31st December, 2005,                   
    31st December, 2006 and 31st December, 2007 will not                      
    exceed HK$4,000,000, HK$4,400,000 and HK$4,840,000                        
    respectively. The caps have been determined by                            
    reference to (i) the possible price increases in line                     
    with consumer prices in the PRC generally; (ii) the                       
    projected growth of business of Zhengzhou Lotus; (iii)                    
    the possibility of the revaluation of RMB in the coming                   
    years.