10:04     C.P. POKPHAND<00043> - Announcement (6)                             

    The annual value of the eggs, chicken and processed meat to be            
    supplied by Shaanxi Chia Tai to Xian Lotus 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 of approximately HK$489,000 supplied by Shaanxi            
    Chia Tai to Xian Lotus in 2004; (ii) the indication of the likely         
    purchase value by Xian 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.                                                  
                                                                              
    (9)   Shaanxi Chia Tai Eggs, Chicken and Processed Meat Supply            
    (2) Agreement                                                             
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Shaanxi Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Zhengzhou Lotus as purchaser (a CTEI Supermarket                
    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 and demand of eggs, chicken and processed meat in            
    the PRC and the production costs of Shaanxi 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 eggs, chicken and processed meat to be            
    supplied by Shaanxi Chia Tai to Zhengzhou Lotus 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 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.                                               
                                                                              
    Shanghai Lotus CONTINUING CONNECTED TRANSACTION AGREEMENTS                
    (1)   Shanghai Lotus Edible Oil Purchase Agreement                        
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Ningbo Oil as supplier (a CPP Subsidiary)             
                                                                              
       (ii)   Shanghai Lotus as purchaser                                     
                                                                              
    Subject   :   Edible Oil                                                  
                                                                              
    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 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 for            
    the purchases shall be made by telegraphic transfer,                      
    bank-issued bills payable within three months or other payment            
    methods acceptable in the PRC.