09:37     TIAN AN<00028> - Announcement (3)                                   

    insofar as the Shareholders are concerned.                                
                                                                              
    GENERAL INFORMATION OF SHK                                                
                                                                              
    The principal activity of SHK is investment holding. The principal        
    activities of its major subsidiaries are securities, leveraged forex,     
    bullion, commodities and futures broking, provision of online financial   
    services and online financial information distribution, money lending     
    including the provision of term loans, share margin financing,            
    financial planning and wealth management, fund management, corporate      
    finance, property investment and insurance consultancy.                   
                                                                              
    GENERAL INFORMATION OF THE COMPANY                                        
                                                                              
    The Company is principally engaged in property development and            
    investment, hotel operation, the provision of hotel and property          
    management and agency services, investment holding and the sale of        
    construction materials.                                                   
                                                                              
    As at the date of this announcement, the Board comprises Mr. Patrick      
    Lee Seng Wei (Chairman), Mr. Ng Qing Hai (Managing Director), Mr. Ma      
    Sun, Mr. Edwin Lo King Yau and Mr. Li Chi Kong being the Executive        
    Directors, Mr. Moses Cheng Mo Chi and Miss Lisa Yang Lai Sum being the    
    Non-Executive Directors, and Mr. Francis J. Chang Chu Fai, Mr. Goodwin    
    Gaw, Mr. Ngai Wah Sang and Mr. Xu Su Jing being the Independent           
    Non-Executive Directors.                                                  
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Board"  the board of Directors                                           
                                                                              
    "Company"   Tian An China Investments Company Limited, a company          
    incorporated in Hong Kong with limited liability, the shares of which     
    are listed on the Stock Exchange (Stock Code : 28)                        
                                                                              
    "Continuing Connected  Transaction"  the continuing connected             
    transaction which will be entered into between Join View and Ranbridge    
    pursuant to the Loan Agreement                                            
                                                                              
    "Directors"  the directors of the Company                                 
                                                                              
    "Group"  the Company and its subsidiaries                                 
                                                                              
    "Hong Kong"  the Hong Kong Special Administrative Region of the           
    People's Republic of China                                                
                                                                              
    "Join View"  Join View Development Limited, a company incorporated        
    under the laws of Hong Kong with limited liability and is an indirect     
    wholly owned subsidiary of the Company                                    
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange                                                            
                                                                              
    "Ranbridge"  Ranbridge Finance Limited, a company incorporated in Hong    
    Kong with limited liability and is a direct wholly owned subsidiary of    
    SHK                                                                       
                                                                              
    "Shareholder(s)"  the shareholder(s) of the Company                       
                                                                              
    "SHK"  Sun Hung Kai & Co. Limited, a company incorporated in Hong Kong    
    with limited liability whose shares are listed on the Stock Exchange      
    (Stock Code: 86) and is a Substantial Shareholder of the Company          
                                                                              
    "Stock Exchange"  The Stock Exchange of Hong Kong Limited                 
                                                                              
    "Substantial Shareholder"  has the meaning as defined in the Listing      
    Rules                                                                     
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "%"  per cent.                                                            
                                                                              
    By Order of the Board                                                     
    Tian An China Investments Company Limited                                 
    Cindy Yung Yee Mei                                                        
    Company Secretary                                                         
                                                                              
    Hong Kong, 2nd March, 2005