10:05     C.P. POKPHAND<00043> - Announcement (7)                             

    The annual value of the purchases of edible oil by Shanghai Lotus         
    from Ningbo Oil for the financial years ending 31st December,             
    2005, 31st December, 2006 and 31st December, 2007 will not                
    exceed HK$180,000,000, HK$198,000,000 and HK$217,800,000                  
    respectively. The caps have been determined by reference to (i)           
    the aggregate value of edible oil of approximately                        
    HK$99,270,000 purchased by Shanghai Lotus from Ningbo Oil in              
    2004; (ii) the indication of the likely purchase value by                 
    Shanghai 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.                                                                    
                                                                              
    (2)   Shanghai Lotus Chicken and Processed Meat Purchase (1)              
    Agreement                                                                 
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Qingdao Chia Tai as supplier (a CPP                   
    Subsidiary)                                                               
                                                                              
       (ii)   Shanghai Lotus as purchaser                                     
                                                                              
    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 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 chicken and processed meat           
    by Shanghai Lotus from Qingdao Chia Tai for the financial years           
    ending 31st December, 2005, 31st December, 2006 and 31st                  
    December, 2007 will not exceed HK$140,000,000, HK$154,000,000             
    and HK$169,400,000 respectively. The caps have been determined            
    by reference to (i) the aggregate value of chicken and processed          
    meat of approximately HK$59,470,000 purchased by Shanghai Lotus           
    from Qingdao Chia Tai in 2004; (ii) the indication of the likely          
    purchase volume by Shanghai 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.                                               
                                                                              
    (3)   Shanghai Lotus Chicken and Processed Meat Purchase (2)              
    Agreement                                                                 
                                                                              
    Date   :   15th February, 2005                                            
                                                                              
    Parties   :   (i)   Chia Tai Food as supplier (a CPP Subsidiary)          
                                                                              
       (ii)   Shanghai Lotus as purchaser                                     
                                                                              
    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 costs of purchase by Chia Tai Food, 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.