10:04     C.P. POKPHAND<00043> - Announcement (5)                             

    The annual value of the duck and processed meat to be supplied            
    by Xianghe Chia Tai to Beijing Lotus for the financial years              
    ending 31st December, 2005, 31st December, 2006 and 31st                  
    December, 2007 will not exceed HK$6,000,000, HK$6,600,000 and             
    HK$7,260,000 respectively. The caps have been determined by               
    reference to (i) the aggregate value of duck and processed meat           
    of approximately HK$841,000 supplied by Xianghe Chia Tai to               
    Beijing Lotus in 2004; (ii) the indication of the likely                  
    purchase value by Beijing 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.                                               
                                                                              
    (7)   Xianghe Chia Tai Duck and Processed Meat Supply (2)                 
    Agreement                                                                 
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Xianghe Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Tianjin Lotus as purchaser (a CTEI Supermarket                  
    Subsidiary)                                                               
                                                                              
    Subject   :   Duck 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 duck and processed meat in the PRC             
    and the production costs of Xianghe 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 duck and processed meat to be supplied            
    by Xianghe Chia Tai to Tianjin Lotus for the financial years              
    ending 31st December, 2005, 31st December, 2006 and 31st                  
    December, 2007 will not exceed HK$3,000,000, HK$3,300,000 and             
    HK$3,630,000 respectively. The caps have been determined by               
    reference to (i) the aggregate value of duck and processed meat           
    of approximately HK$139,000 supplied by Xianghe Chia Tai to               
    Tianjin Lotus in 2004; (ii) the indication of the likely                  
    purchase value by Tianjin 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.                                               
                                                                              
    (8)   Shaanxi Chia Tai Eggs, Chicken and Processed Meat Supply            
    (1) Agreement                                                             
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Shaanxi Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Xian 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.