09:18     KC-HSBC@EC0601B<03976> & KC-HSBC@EC0601C<03977> - Ann (3)           

                                                                              
    In the primary market, the Issuer normally pays a selling commission to   
    the brokers who place the Warrants. In the secondary market, the Issuer   
    or any of its affiliates may from time to time implement commission       
    promotional programmes with a selected number of brokers, on a selected   
    list of Warrants within a selected period of time for a partial or        
    total commission rebate for investors in the Warrants.                    
                                                                              
    By Order of the Board                                                     
    KBC Financial Products International Ltd.                                 
    Hong Kong, 8th March, 2005