09:18     HOPSON DEV HOLD<00754> - Announcement (4)                           

                                                                              
    "Shareholders"        shareholders of the Company                         
                                                                              
    "Site 1"        Site 1 which is located at * Site Area 1#, Shuang Hua Yuan
    Xiao Qu, Number 31 Guang Qu Men Wai Da Street, Chao Yang Qu, Beijing City,
    PRC                                                                       
                                                                              
    "Site 2"        Site 2 which is located at * Site Area 8#, Shuang Hua Yuan
    Xiao Qu, Number 31 Guang Qu Men Wai Da Street, Chao Yang Qu, Beijing City,
    PRC                                                                       
                                                                              
    "Sites"        Site 1 and Site 2                                          
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Transaction"        the transaction under the Land Transfer Agreements   
                                                                              
    "%"        per cent.                                                      
                                                                              
    For illustrative purpose of this announcement, RMB1.06 = HK$1.00          
                                                                              
    By Order of the Board                                                     
    Chu Mang Yee                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 8 March, 2005                                                  
                                                                              
    * for the chinese name, please refer to the press announcement today.