09:34     TIAN AN<00028> - Announcement (5)                                   

    "TA Shanghai"  * (Tian An (Shanghai) Investments Co., Ltd.),              
    a foreign owned enterprise established in the PRC and a wholly owned      
    subsidiary of the Company                                                 
                                                                              
    "Tiandu"  * (Nanjing Tiandu Industry Co., Ltd.), a                        
    sino-foreign equity joint venture established in the PRC which is         
    beneficially owned as to 60%, 20% and 20% by TA Shanghai, Changfa and     
    Jianye respectively prior to completion of the Acquisition Agreements     
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "RMB"  Renminbi, the lawful currency of the PRC                           
                                                                              
    "US$"  United States dollars, the lawful currency of the United States    
    of America                                                                
                                                                              
    "%"  per cent.                                                            
                                                                              
    By Order of the Board                                                     
    Tian An China Investments Company Limited                                 
    Patrick Lee Seng Wei                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 22nd February, 2005                                            
                                                                              
    For the purpose of this announcement, amounts denominated in RMB have     
    been converted to HK$ at an exchange rate of RMB1.06 : HK$1.00 whereas    
    amounts denominated in US$ have been converted to HK$ at an exchange      
    rate of US$1.00 : HK$7.80.