09:45     MIN XIN HOLD<00222> - Announcement (6)                              

    the EGM.                                                                  
                                                                              
    A circular containing, among others, further details of the Revised       
    Acquisition and a notice of the EGM will be despatched to the             
    Shareholders as soon as practicable in accordance with the Listing        
    Rules. The Vendor, FITIC and their respective associates will abstain     
    from voting in relation to the ordinary resolution to be put forward      
    at the EGM for the purpose of approving the transaction contemplated      
    under the Supplemental Agreement.                                         
                                                                              
    The Independent Board Committee has been established to consider and      
    advise the Independent Shareholders regarding the fairness and            
    reasonableness of the terms of the Supplemental Agreement and the         
    transaction contemplated thereunder so far as the Independent             
    Shareholders are concerned and are in the interests of the Company as     
    a whole.                                                                  
                                                                              
    Goldbond Capital (Asia) Limited has been appointed as the                 
    independent financial adviser to advise the Independent Board             
    Committee and the Independent Shareholders on the Supplemental            
    Agreement and the transaction contemplated thereunder.                    
                                                                              
    Shareholders and potential investors should note that the Revised         
    Acquisition, which is subject to a number of conditions precedent,        
    may or may not be completed. The release of this announcement does        
    not in any way imply that the Supplemental Agreement and the              
    transaction contemplated therein will be completed. Shareholders and      
    potential investors are reminded to exercise caution when dealing in      
    the securities of the Company.                                            
                                                                              
    As at the date of this announcement, the executive Directors are          
    Messrs. Ding Shi Da (Chairman), Chen Gui Zong (Vice Chairman), Yang       
    Sheng Ming, Zhu Xue Lun and Weng Jian Yu and the independent              
    non-executive Directors are Messrs. Ip Kai Ming, Robert Tsai To Sze       
    and So Hop Shing.                                                         
                                                                              
    DEFINITIONS                                                               
    `Acquisition'                  the transaction contemplated               
                                   under the Agreement                        
    `Agreement'                    the agreement dated 19 July                
                                   2004 entered into between the              
                                   Vendor and the Company for                 
                                   the acquisition of the Asset               
                                   by the Company at the                      
                                   consideration of                           
                                   RMB358,560,000 (equivalent to              
                                   approximately HK$338,936,000)              
    `Asset'                        108,000,000 Huaneng Domestic               
                                   Shares                                     
    `associates'                   has the same meaning as                    
                                   ascribed to it under the                   
                                   Listing Rules                              
    `Board'                        the board of Directors                     
    `Company'                      Min Xin Holdings Limited, a                
                                   company incorporated in Hong               
                                   Kong with limited liability                
                                   and the Shares of which are                
                                   listed on the Stock Exchange               
    `connected person(s)'          has the same meaning as                    
                                   ascribed to it under the                   
                                   Listing Rules                              
    `controlling shareholder'      has the same meaning as                    
                                   ascribed to it under the                   
                                   Listing Rules                              
    `Directors'                    director(s) of the Company                 
    `EGM'                          an extraordinary general                   
                                   meeting of the Company to be               
                                   held to consider the ordinary              
                                   resolution to be proposed to               
                                   approve, among others, the                 
                                   Supplemental Agreement and                 
                                   the transaction contemplated               
                                   thereunder                                 
    `FITIC'                        (for identification purposes,              
                                   in English, Fujian                         
                                   International Trust &                      
                                   Investment Corporation), a                 
                                   company incorporated in the                
                                   PRC with limited liability                 
    `Group'                        the Company, its subsidiaries              
                                   and associated companies                   
    `Huaneng'                      Huaneng Power International,               
                                   Inc., a Sino-foreign joint                 
                                   stock limited company                      
                                   incorporated in the PRC whose              
                                   Huaneng H Shares are listed                
                                   on the Stock Exchange                      
    `Huaneng Domestic Share(s)'    ordinary domestic shares in                
                                   the existing issued share                  
                                   capital of Huaneng, with a                 
                                   nominal value of RMB1.00                   
                                   each, which are not traded in              
                                   any stock exchange                         
    `Huaneng Group'                Huaneng and its subsidiaries