09:06     SOUTH CHINA BRO<00619> - Announcement (2)                           

    made to the Stock Exchange for the listing of and permission to deal in   
    the Warrants and the Shares that may fall to be issued on exercise of     
    the subscription rights attaching to the Warrants. It is expected that    
    certificates for the Warrants will be despatched to the placees on or     
    before Thursday, 3 March 2005. It was stated in the Announcement that     
    dealings in the Warrants on the Stock Exchange are expected to commence   
    on 4 March 2005. To allow for sufficient time for the dispatch of the     
    certificates for the Warrants, dealings in the Warrants on the Stock      
    Exchange are now expected to commence at 9:30 a.m. on Monday, 7 March     
    2005.                                                                     
                                                                              
    Application of the Warrants will only be considered on the basis of the   
    Prospectus dated 21 February 2005. Copies of the Prospectus relating to   
    the Warrant Placing will be despatched to the Shareholders, for           
    information purpose only, on Tuesday, 22 February 2005 and will be made   
    available at the office of the Placing Agent at 28th Floor, Bank of       
    China Tower, 1 Garden Road, Central, Hong Kong and at the principal       
    place of business of the Company in Hong Kong at 28th Floor, Bank of      
    China Tower, 1 Garden Road, Central, Hong Kong from 9:00 a.m. on          
    Tuesday, 22 February 2005 until 12:00 noon on Friday, 25 February 2005.   
                                                                              
    By Order of the Board                                                     
    South China Brokerage Company Limited                                     
    Cheung Choi Ngor                                                          
    Director                                                                  
                                                                              
    Hong Kong, 21 February 2005                                               
                                                                              
    As at the date of this announcement, the Board of Directors of the        
    Company comprises (1) Mr. Ng Hung Sang, Robert, Mr. Richard Howard        
    Gorges, Ms. Cheung Choi Ngor, Mr. Chan Hing Wah, Mr. Ng Chun Sang and     
    Mr. Ng Yuk Yeung Paul as executive directors; and (2) Mrs. Tse Wong Siu   
    Yin, Elizabeth, Hon. Raymond Arthur William Sears, Q.C. and Mr. Tung      
    Woon Cheung, Eric as independent non-executive directors.