10:03     C.P. POKPHAND<00043> - Announcement (3)                             

    Price   :   To be determined by reference to the prevailing               
    market price and demand of edible oil in the PRC and the                  
    production costs of Ningbo Oil, and no less favourable to this            
    CPP Subsidiary than those available from independent third                
    parties                                                                   
                                                                              
    Payment terms   :   Credit terms of up to 60 days. Payment 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 edible oil to be supplied by Ningbo Oil           
    to Zhengzhou Lotus for the financial years ending 31st December,          
    2005, 31st December, 2006 and 31st December, 2007 will not                
    exceed HK$8,000,000, HK$8,800,000 and HK$9,680,000                        
    respectively. The caps have been determined by reference to (i)           
    the indication of the likely purchase value by Zhengzhou Lotus;           
    (ii) based on the increase in PRC's consumer price index of               
    approximately 3.9% for 2004, the possible price increases in              
    line with consumer prices in the PRC generally; and (iii) the             
    possibility of the revaluation of RMB in the coming years.                
                                                                              
    (3)   Qingdao Chia Tai Chicken and Processed Meat Supply (1)              
    Agreement                                                                 
                                                                              
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Qingdao Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Taian Lotus as purchaser (a CTEI Supermarket                    
    Subsidiary)                                                               
                                                                              
    Subject   :   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 and demand of chicken and processed meat in the              
    PRC and the production costs of Qingdao Chia Tai, and no less             
    favourable to this CPP Subsidiary than those available from               
    independent third parties                                                 
                                                                              
    Payment terms   :   Credit terms of up to 60 days. Payment 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 chicken and processed meat to be supplied         
    by Qingdao Chia Tai to Taian Lotus for the financial years ending         
    31st December, 2005, 31st December, 2006 and 31st December, 2007          
    will not exceed HK$8,000,000, HK$8,800,000 and HK$9,680,000               
    respectively. The caps have been determined by reference to (i)           
    the aggregate value of chicken and processed meat of                      
    approximately HK$728,000 supplied by Qingdao Chia Tai to Taian            
    Lotus in 2004; (ii) the indication of the likely purchase value           
    by Taian Lotus; (iii) based on the increase in PRC's consumer             
    price index of approximately 3.9% for 2004, the possible price            
    increases in line with consumer prices in the PRC generally;              
    and (iv) the possibility of the revaluation of RMB in the coming          
    years.                                                                    
                                                                              
    (4)   Qingdao Chia Tai Chicken and Processed Meat Supply (2)              
    Agreement                                                                 
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Qingdao Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Zhengzhou Lotus as purchaser (a CTEI Supermarket                
    Subsidiary)                                                               
                                                                              
    Subject   :   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 and demand of chicken and processed meat in the              
    PRC and the production costs of Qingdao Chia Tai, and no less             
    favourable to this CPP Subsidiary than those available from               
    independent third parties