09:49     <09174>, <09175>, <09176> & <09178> - Announcement (2)              

    1.                                                                        
    The last trading day of the Warrants on the Stock Exchange is             
    expected to be March 4, 2005.                                             
                                                                              
    2.                                                                        
    Application will be made for the listing of the Warrants on the           
    Stock Exchange to be withdrawn with effect from the close of business     
    on the Expiry Date.                                                       
                                                                              
    The closing price of each series of Warrants on February 17, 2005         
    and the closing prices of the shares to which Series A, Series B,         
    Series C and Series D relate on February 17, 2005 are set out below.      
    The Exercise Price of each series is also set out below.                  
                                                                              
    Series of       Closing price   Closing Price   Exercise Price            
    Warrants        of              of the related                            
                    Warrant         share                                     
                                                                              
    A               HK$0.023        HK$36.30        HK$36.88 per              
                                                    ten Warrants              
    B               HK$0.01         HK$4.55         HK$6.28 per               
                                                    Warrant                   
    C               HK$0.234        HK$62.25        HK$53.88 per              
                                                    ten Warrants              
    D               HK$0.25         HK$25.55        HK$21.88 per              
                                                    ten                       
                                                    Warrants                  
                                                                              
                                                                              
                                                                              
      Hong Kong, February 18, 2005