09:36     E-LIFE INT'L<00370> - Announcement (2)                              

    701,123,595                1,841,362,900                5,103,505,255     
            (44.20%        )        (5.98%        )        (13.74%        )   
    (36.08%        )        (100%        )                                    
                                                                              
    Immediately after exercise in full of the                                 
      Conversion Rights attached to the remaining                             
      principal amount of US$2,000,000 of the                                 
      Tranche 4 Bond based on the Fixed Conversion                            
      Price (note 4)        2,256,000,000                305,018,760          
    876,404,493                1,841,362,900                5,278,786,153     
            (42.74%        )        (5.78%        )        (16.6%        )    
    (34.88%        )        (100%        )                                    
                                                                              
    Note                                                                      
                                                                              
    1.        The table is compiled based on the information available as at  
    the date of this announcement and assumes that (a) the Company will not   
    issue any new Shares (other than Shares which are required to be issued   
    upon conversion of the Bonds) nor repurchase any of the existing issued   
    Shares; and (b) Best Chance Holdings Limited and/or Fortune Garden        
    Investment Limited will not acquire and/or dispose of any Shares until    
    the full conversion of the Bonds.                                         
                                                                              
    2.        Mr. Wang Jian Hua, Mr. Ng Tang, David and Mr. Bao Wen Bin, the  
    executive Directors, beneficially own 93.7%, 3.8% and 2.5% respectively,  
    of the issued share capital of Best Chance Holdings Limited.              
                                                                              
    3.        Assumes that save for the Shares mentioned herein, (a) no       
    other Shares is acquired by the Subscriber, (b) the Subscriber does not   
    dispose of any Shares received pursuant to any conversion of the Bonds.   
                                                                              
    4.        The above table assumes that the remaining principal amount of  
    US$2,000,000 of Tranche 4 Bond is converted at the Fixed Conversion       
    Price. The conversion of the remaining principal amount of US$2,000,000   
    of the Tranche 4 Bond will be based on the Floating Conversion Price if   
    it is exercised after 3 months from the date of issue of the Tranche 4    
    Bond but in any event, the Floating Conversion Price will not be less     
    than the Fixed Conversion Price of HK$0.089.                              
                                                                              
    UNUSUAL MOVEMENTS IN THE PRICE AND TRADING VOLUME OF THE SHARES           
                                                                              
    This statement is made at the request of the Stock Exchange.              
                                                                              
    The Directors have noted the recent increases both in the price and       
    trading volume of the Shares of the Company and wish to state that the    
    Directors are not aware of any reasons for such increases.                
                                                                              
    The Directors also confirm that, save for the very substantial            
    acquisition in relation to the subscription in the registered capital of  
    Shanxi Changxing Yuci Coking Co., Ltd as announced in the announcement    
    of the Company dated 3 February 2005 and the exercise of the Option as    
    mentioned in this announcement, there are no negotiations or agreement    
    relating to intended acquisitions or realizations which are discloseable  
    under Rule 13.23 of the Listing Rules, neither is the Board aware of any  
    matter discloseable under the general obligation imposed by Rules 13.09   
    of the Listing Rules, which is or may be of a price-sensitive nature.     
                                                                              
    Made by the order of the Board of E-LIFE International Limited, the       
    Directors of which individually and jointly accept responsibility for     
    the accuracy of this statement.                                           
                                                                              
    As at the date of this announcement, the Board comprises eight executive  
    Directors, namely Mr. Wang Jian Hua, Mr. Ng Tang, David, Mr. Bao Wen      
    Bin, Mr. Pak Chung, Mr. Ren Zheng, Ms. Ma Jun Li, Ms. Cheung Hoi Ping     
    and Mr. Wang Da Yong, and three independent non-executive Directors,      
    namely Ms. Chung Kwo Ling, Mr. Sun Yeung Yeung and Mr. Lee Yuen Kwong.    
                                                                              
    By Order of the Board of Directors of                                     
    E-LIFE International Limited                                              
    Wang Jian Hua                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 2 March 2005