09:40     CN ENT INV FUND<02324>-Announcement&Resumption of Trading(5)        

    between the Company and the Placing Agent                                 
                                                                              
    "Placing Price" HK$0.56 per Placing Share                                 
                                                                              
    "Placing Shares"        a maximum of 10,600,000 new Shares                
    to be placed through the Placing Agent pursuant to                        
    the Placing Agreement                                                     
                                                                              
    "PRC"   The People's Republic of China                                    
                                                                              
    "SFO"   the Securities and Futures Ordinance (Chapter                     
    571 of the Laws of Hong Kong)                                             
                                                                              
    "Share(s)"      ordinary share(s) of HK$0.01 each in the                  
    share capital of the Company                                              
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    By order of the Board                                                     
    Yau Chung Hong                                                            
    Executive Director                                                        
                                                                              
    Hong Kong, 18 February, 2005