09:29     ENERCHINA HOLD<00622> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    ENERCHINA HOLDINGS LIMITED                                                
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 622)                                                         
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    STATUS OF THE PUBLIC FLOAT AND EXTENSION OF THE WAIVER FROM STRICT        
    COMPLIANCE WITH RULE 8.08 OF THE LISTING RULES                            
                                                                              
                                                                              
    Following the Company's announcement dated 19 January 2005 regarding the  
    status of the Company's public float and the sale of Shares by Sinolink   
    Worldwide Holdings Limited (the "Offeror"), the Offeror has appointed     
    Morgan Stanley Dean Witter Asia Limited ("Morgan Stanley") as its         
    placing agent in relation to the placing of Shares to independent third   
    parties to the Company.                                                   
                                                                              
    The Stock Exchange has granted a temporary waiver to the Company (the     
    "Waiver") for a period of one (1) month until 18 February 2005 from       
    strict compliance with the requirements of Rule 8.08(1)(a) of the         
    Listing Rules for the Company to maintain a public float of having at     
    least 25% of the total issued share capital of the Company in the hands   
    of the public (the "Public Float Requirement").                           
                                                                              
    The public float of the Company has remained below 25% of the Shares in   
    issue as at the expiry date of the Waiver on 18 February 2005. As at the  
    date of expiry of the Waiver on 18 February 2005, 346,627,316 Shares      
    were held by the public, representing approximately 15.13% of the total   
    issued share capital of the Company.                                      
                                                                              
    The Company has applied for an extension to the Waiver from strict        
    compliance with the Public Float Requirement. Further announcement will   
    be made in relation to the details of the waiver as soon as practicable.  
                                                                              
    Reference is made to the composite document issued jointly by the         
    Offeror and the Company on 28 December 2004 in relation to the Offers     
    (the "Composite Document"), the joint announcement issued by the Offeror  
    and the Company dated 18 January 2005 regarding the close of the Offers,  
    and the announcement dated 19 January 2005 issued by the Company          
    regarding the status of the public float and the sale of Shares by the    
    Offeror (the "Announcement"). Unless the context requires otherwise,      
    capitalised terms used in this announcement shall have the same meanings  
    as defined in the Composite Document.                                     
                                                                              
    APPOINTMENT OF PLACING AGENT                                              
    Following the Announcement, the Offeror has appointed Morgan Stanley as   
    its placing agent in relation to the placing of Shares to independent     
    third parties to the Company.                                             
                                                                              
    PROGRESS IN THE RESTORATION OF PUBLIC FLOAT                               
    The Stock Exchange has granted a temporary waiver to the Company (the     
    "Waiver") for a period of one (1) month until 18 February 2005 from       
    strict compliance with the requirements of Rule 8.08(1)(a) of the         
    Listing Rules for the Company to maintain a public float of having at     
    least 25% of the total issued share capital of the Company in the hands   
    of the public (the "Public Float Requirement").                           
                                                                              
    As at the date of expiry of the Waiver on 18 February 2005, 346,627,316   
    Shares were held by the public, representing approximately 15.13% of the  
    total issued share capital of the Company. Since the date of the          
    Announcement, the number of Shares held by the public has remained        
    unchanged.                                                                
                                                                              
    The Offeror has advised the Company that the Offeror has had discussions  
    with a number of potential placees and, due to the prevailing market      
    conditions for the Shares, additional time is required by the Offeror in  
    order to implement its placing down exercise to restore the Public Float  
    Requirement. The Offeror has also informed the Company that subdued       
    stock market activity during the period before and after the Chinese New  
    Year holidays and the closure of the stock market during the Chinese New  
    Year holidays were significant factors hampering the Offeror's effort to  
    place Shares to meet the Public Float Requirement.                        
                                                                              
    The Company has applied for an extension to the Waiver from strict        
    compliance with the Public Float Requirement. Further announcement will   
    be made in relation to the details of the waiver as soon as practicable.  
                                                                              
    The Stock Exchange has stated that it will closely monitor trading in     
    the Shares if less than 25% of the Shares are held by the public. If the