09:54     YANION INT'L<00082> - Announcement & Resumption (20)                

    types 1 and 4 regulated activities under the                              
    Securities and Futures Ordinance (Chapter 571, Laws                       
    of Hong Kong)                                                             
                                                                              
    "Last Full Trading Day" 4 February 2005, being the                        
    last full trading day which was immediately prior to                      
    the suspension of trading in the Shares on the Stock                      
    Exchange pending the release of this announcement                         
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "Minmetals Development" *                                                 
    (Minmetals Development Co., Ltd.), a limited company                      
    established in the PRC principally engaged in import                      
    and export trading and domestic trading of raw                            
    materials such as coal, steel and iron, and the shares                    
    of which are listed on the Shanghai Stock Exchange                        
                                                                              
    "Minmetals Group"       Minmetals Development and China                   
    Minmetals                                                                 
                                                                              
    "Options"       the options which may be granted by the                   
    Company to its employees and/or key management                            
    entitling the grantees to subscribe for up to                             
    30,000,000 Shares pursuant to the share option scheme                     
    adopted by the Company on 7 June 2002                                     
                                                                              
    "Placing"       the proposed placing of the Placing Shares                
    pursuant to the terms, to be finalised, of the Placing                    
    Agreement                                                                 
                                                                              
    "Placing Agreement"     the proposed best effort placing                  
    agreement expected to be entered into between the                         
    Company and Kim Eng Securities in relation to the                         
    Placing before completion of the Acquisition                              
                                                                              
    "Placing Shares"        such number of new Shares to be                   
    placed pursuant to the Placing Agreement                                  
                                                                              
    "PRC" or "China"        the People's Republic of China,                   
    which for the purpose of this announcement, shall                         
    exclude Hong Kong, the Macau Special Administrative                       
    Region and Taiwan                                                         
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "Sale and Purchase Agreement"   the conditional                           
    agreement dated 7 February 2005 entered into between                      
    the Company and the Vendors for the sale and purchase                     
    of the Sale Shares                                                        
                                                                              
    "Sale Shares"   the 10 shares of US$1 each in the issued                  
    share capital of Guohua International beneficially                        
    owned by the Vendors, representing the entire issued                      
    share capital of Guohua International                                     
                                                                              
    "SGM"   the special general meeting of the Company to                     
    be convened to consider and, if thought fit, approve,                     
    amongst other things, the Sale and Purchase Agreement,                    
    the Placing and the other transactions contemplated                       
    thereunder                                                                
                                                                              
    "Share(s)"      share(s) of HK$0.01 each in the share                     
    capital of the Company                                                    
                                                                              
    "Shareholder(s)"        holder(s) of Shares                               
                                                                              
    "Steel Plant"   * (Minmetals                                              
    Yingkou Middle Plate Company Limited), a limited                          
    liability company established in the PRC on 21 June                       
    2002, the existing registered capital of which is