09:38     GLOBAL CHI GP<01105> - Announcement                                 

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    SING TAO NEWS CORPORATION LIMITED                                         
    (formerly known as Global China Group Holdings Limited                    
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 1105)                                                        
                                                                              
    TRADING ARRANGEMENT AND EXCHANGE OF SHARE CERTIFICATES                    
                                                                              
    Further to the change of name of the Company from "Global China Group     
    Holdings Limited" to "Sing Tao News Corporation Limited" and the          
    adoption of the new Chinese name of "*" which took effect from            
    4 February 2005, the stock short name for trading in the shares of the    
    Company on the Stock Exchange will be changed from "GLOBAL CHI GP" to     
    "SING TAO" in English and from "*" to "*" in Chinese with effect          
    from 7 March 2005.                                                        
                                                                              
    Reference is made to the circular dated 13 January 2005 (the              
    "Circular") and the announcement dated 21 February 2005 of the Company    
    containing information on the change of name of the Company. Unless the   
    context otherwise requires, terms used in this announcement shall have    
    the same meaning as those defined in the Circular.                        
                                                                              
    Further to the change of name of the Company from "Global China Group     
    Holdings Limited" to "Sing Tao News Corporation Limited" and the          
    adoption of the new Chinese name of "*" which took effect from            
    4 February 2005, the stock short name for trading in the shares of the    
    Company on the Stock Exchange will be changed from "GLOBAL CHI GP" to     
    "SING TAO" in English and from "*" to "*" in Chinese with effect          
    from 7 March 2005.                                                        
                                                                              
    The change of name of the Company will not affect any of the rights of    
    the Shareholders and all existing share certificates in issue bearing     
    the name of "Global China Group Holdings Limited" will continue to be     
    evidence of title to the Shares and will be valid for trading,            
    settlement, delivery and registration purposes. From 3 March 2005, any    
    new share certificates of the Company will be issued in the new name of   
    the Company.                                                              
                                                                              
    Shareholders may, during business hours from 3 March 2005 up to and       
    including 2 June 2005, submit their certificates for the Shares to the    
    Company's branch share registrars and transfer office, Tengis Limited,    
    at Ground Floor, Bank of East Asia Harbour View Centre, 56 Gloucester     
    Road, Wanchai, Hong Kong in exchange for share certificates in the new    
    name of the Company free of charge. Thereafter, existing share            
    certificates will be accepted for exchange only on payment of a fee of    
    HK$2.50 (or such higher amounts as may from time to time be stipulated    
    in the Rules Governing the Listing of Securities on the Stock Exchange)   
    for each new share certificate to be issued or for each existing share    
    certificate so submitted for exchange, whichever number of share          
    certificates is higher.                                                   
                                                                              
    By order of the Board                                                     
    Sing Tao News Corporation Limited                                         
    Charles Ho Tsu Kwok                                                       
    Chairman                                                                  
                                                                              
    Hong Kong, 2 March 2005                                                   
                                                                              
    As at the date of this announcement, the Board comprises: (1) executive   
    directors: Mr. HO Tsu Kwok Charles (Chairman), Mr. JIA Hongping, Mr.      
    JIM Sui Hing, Mr. LAI Ting Yiu, Mr. LO Wing Hung, Mrs. SY Wong Chor       
    Fong, Mr. WONG Wai Ming, Mr. YANG Yiu Chong Ronald Jeffrey; (2)           
    non-executive director: Mr. LEUNG Chun Ying and (3) independent           
    non-executive directors: Mr. Timothy David DATTELS, Ms. HO Chiu King      
    Pansy Catilina, Mr. Richard Yun Zing KING, Dr. TONG Yuk Lun Paul and      
    Mr. TUNG Chee Chen.                                                       
                                                                              
    *  For the Chinese name, please refer to the press announcement today.