09:39 HANISON<00896> - Announcement (1) 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. HANISON CONSTRUCTION HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code : 896) ANNOUNCEMENT This announcement is made pursuant to Rules 13.13, 13.15 and 13.16 of the Listing Rules. This announcement is made by the board of directors of Hanison Construction Holdings Limited (the "Company") in compliance with the disclosure requirements under Rules 13.13, 13.15 and 13.16 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). DISCLOSURE UNDER RULES 13.13 AND 13.15 OF THE LISTING RULES According to the latest consolidated management accounts of the Company, as at 31 January 2005, the Company and its subsidiaries (collectively the "Group") had account receivables due from the following entities, which individually exceeded 8% of the relevant percentage ratios as defined in the Listing Rules:- Amount of Percentage trade Percentage of market receivables of total capitalisation on Name of entities (HK$'000) assets 31 January 2005 HKR International Limited, its subsidiaries and affiliated companies ("HKRI Group") 76,305 8.9% 32.6% Hong Kong Housing Authority ("HKHA") 18,980 2.2% 8.1% The University of Hong Kong ("HKU") 20,665 2.4% 8.8% The above accounts receivables due from the HKRI Group (a substantial shareholder and a connected person of the Company), HKHA and HKU (independent third parties of the Company) are interest free, unsecured and with payment terms within 30 days from date of certification and primarily arose from the provision of construction services in the ordinary course of business of the Group. Construction services provided to the HKRI Group are within the Company's continuing connected transactions as disclosed in the Company's announcement dated 27 November 2003 and the circular dated 18 December 2003. The above disclosure was made as soon as practicable after the Company has consolidated and analysed the trade balances for each customer group in each of its subsidiaries' books. The market capitalisation of the Company on 31 January 2005 was HK$234,028,645 which was based on 354,588,856 shares of the Company in issue as at 31 January 2005, and the average closing price of the Company's shares of HK$0.66 as stated in the Stock Exchange's daily quotation sheets for the five business days from 24 to 28 January 2005. The Company's total assets was HK$853,907,000 as shown in its latest published interim report for the six months ended 30 September 2004 after adjustment for the interim dividend of approximately HK$2,837,000 for the six months ended 30 September 2004. DISCLOSURE UNDER RULE 13.16 OF THE LISTING RULES As at 4 March 2005, the Group has given/committed financial assistance and guarantees amounted to approximately HK$97,543,000 in aggregate to the following affiliated companies which represent 11.4% of the Company's total assets and 38.7% of the Company's market capitalisation of HK$251,758,088 on 4 March 2005: Amount of Percentage of financial assistance Amount of interests held given/committed guarantees given Total Affiliated companies by the Group (HK$'000) (HK$'000) (HK$'000)