09:15     BEIJING YANHUA<00325>-Announcement&Resumption of Trading(2)         

    approve, among       (99.9922%)                                           
    others, the Merger                                                        
    Agreement (and the                                                        
    related amendment                                                         
    agreement), the                                                           
    execution of the                                                          
    Merger Agreement                                                          
    (and the related                                                          
    amendment                                                                 
    agreement) and the                                                        
    transactions                                                              
    contemplated                                                              
    thereunder; and the                                                       
    granting of                                                               
    authority to any                                                          
    Beijing Yanhua                                                            
    Director to take                                                          
    such other action                                                         
    and execute such                                                          
    documents or deeds                                                        
    as he may consider                                                        
    necessary or                                                              
    desirable for the                                                         
    purpose of                                                                
    implementing the                                                          
    transactions                                                              
    contemplated by the                                                       
    Merger Agreement                                                          
    and the related                                                           
    amendment                                                                 
    agreement.                                                                
                                                                              
                                                                              
                                                                              
    There were 3,374,000,000 Beijing Yanhua Shares (being the number of       
    the total issued shares of Beijing Yanhua) entitling the holder to        
    attend and vote for or against the special resolution proposed at the     
    Special General Meeting. No shareholder is required to abstain from       
    voting in respect of the special resolution in relation to the            
    Proposal proposed at the Special General Meeting.                         
                                                                              
    There were no shares entitling the holder to attend and vote only         
    against the special resolution in relation to the Proposal proposed       
    at the Special General Meeting.                                           
                                                                              
    As more than two-thirds of the votes were cast in favour of the           
    above special resolution, the above resolution was duly passed as a       
    special resolution.                                                       
                                                                              
    The results of the Special General Meeting of the Independent             
    Beijing Yanhua Shareholders                                               
                                                                              
    The Special General Meeting of the Independent Beijing Yanhua             
    Shareholders was held at 10:30 a.m. on Friday, 4 March 2005 at            
    Beijing Yanhua Hotel, No. 4 Ying Feng Zhong Lu, Yanshan, Fangshan         
    District, Beijing, the PRC. A poll was demanded by the Chairman of        
    the Special General Meeting of the Independent Beijing Yanhua             
    Shareholders for voting on the following special resolution. The poll     
    results in respect of such resolution are as follows:                     
                                                                              
    Special resolution                        Number of votes                 
    For                  Against                                              
    To consider and      408,471,539          1,469,000 (0.3583%)             
    approve, among       (99.6417%)                                           
    others, the Merger                                                        
    Agreement (and the                                                        
    related amendment                                                         
    agreement), the                                                           
    execution of the                                                          
    Merger Agreement                                                          
    (and the related                                                          
    amendment                                                                 
    agreement) and the                                                        
    transactions                                                              
    contemplated                                                              
    thereunder; and the                                                       
    granting of                                                               
    authority to any                                                          
    Beijing Yanhua                                                            
    Director to take                                                          
    such other action                                                         
    and execute such                                                          
    documents or deeds                                                        
    as he may consider                                                        
    necessary or                                                              
    desirable for the                                                         
    purpose of                                                                
    implementing the                                                          
    transactions                                                              
    contemplated by the                                                       
    Merger Agreement                                                          
    and the related                                                           
    amendment                                                                 
    agreement.