09:19 COSCO PACIFIC<01199> - Announcement (2) As at the date of this announcement, the Board comprises 18 executive directors, namely, Capt. WEI Jiafu (Chairman), Mr. LIU Guoyuan (Vice Chairman), Mr. ZHANG Fusheng, Mr. WANG Futian, Mr. CHEN Hongsheng, Mr. LI Jianhong, Mr. MA Zehua, Mr. MA Guichuan, Mr. LI Yunpeng, Ms. SUN Yueying, Mr. ZHOU Liancheng, Mr. SUN Jiakang (Managing Director), Mr. XU Lirong, Mr. HE Jiale, Mr. WONG Tin Yau, Kelvin, Mr. MENG Qinghui, Mr. LU Chenggang, Mr. QIN Fuyan; three independent non-executive directors, namely, Dr. LI Kwok Po, David, Mr. LIU Lit Man, Mr. Alexander Reid HAMILTON; and one non-executive director, namely, Mr. KWONG Che Keung, Gordon. In this announcement, the following expressions have the meanings set out below unless the context requires otherwise: Expression Meaning ``Board'' the board of directors of the Company ``Company'' COSCO Pacific Limited ``COSCO'' China Ocean Shipping (Group) Company (), a company established in the People's Republic of China and the ultimate controlling shareholder of the Company ``COSCO Holdings'' China COSCO Holdings Company Limited, a joint stock limited company established in the People's Republic of China and, as at the date of this announcement, a wholly-owned subsidiary of COSCO ``COSCON'' COSCO Container Lines Company Limited, a company established in the People's Republic of China and a subsidiary of COSCO ``Group'' the Company and its subsidiaries ``Listing Rules'' the Rules Governing the Listing of Securities on the Stock Exchange ``Proposed Listing'' the proposed listing of the H-shares of COSCO Holdings on the main board of the Stock Exchange ``Shares'' the ordinary shares of HK$0.10 each in the capital of the Company ``Stock Exchange'' The Stock Exchange of Hong Kong Limited By Order of the Board COSCO Pacific Limited SUN Jiakang Managing Director Hong Kong, 10 March 2005 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. Hon Po Group (Lobster King) Limited (Incorporated in the Cayman Islands with limited liability) (Stock code: 228) POSTPONEMENT OF DESPATCH OF CIRCULAR AND CHANGE OF TIMETABLE Reference is made to the Company's announcement dated 21 February, 2005 in relation to the proposed placing of convertible notes, proposed share consolidation, change of board lot size and proposed refreshment of general mandate. As more time is required to prepare the Circular, the despatchment of the Circular will be postponed. It is currently expected that the Circular will be despatched to the Company's shareholders no later than 21 March, 2005 Reference is made to the Company's announcement dated 21 February, 2005 (the "Announcement"). Terms used herein shall have the same meaning as those defined in the Announcement unless the context requires otherwise. A circular (the "Circular") containing details of the proposed placing of convertible notes, proposed share consolidation, change of board lot size and proposed refreshment of general mandate together with a notice of EGM was expected to be despatched to the Shareholder on 10 March, 2005. Due to additional time is required for compiling information for inclusion in the Circular, the Circular will be postponed to be despatched to the Shareholders on or about 21 March, 2005. Due to the delay in despatch of the Circular, the date of EGM will be postponed to Friday, 8 April, 2005. The expected timetable for the Share Consolidation and change of board lot size has been revised and set out below:- EXPECTED TIMETABLE The expected timetable for the Share Consolidation and change of board lot size is as follows: Despatch of the circular Monday, 21 March 2005 Publication of the notice of EGM Monday, 21 March 2005 Latest time for lodging the form of proxy for the EGM 4:00 p.m. on Wednesday, 6 April 2005 EGM 4:00 p.m. on Friday, 8 April 2005 Effective date of the Share Consolidation Monday, 11 April 2005 Original counter for trading in Shares in board lots of 10,000 Shares 9:30 a.m. on temporarily closes Monday, 11 April 2005 Temporary counter for trading in Consolidated Shares in board lots of 2,000 9:30 a.m. on Consolidated Shares opens (in the form of existing share certificates) Monday, 11 April 2005 First day for free exchange of existing share certificates Monday, 11 April 2005 Original counter for trading in Consolidated Shares in board lots of 20,000 9:30 a.m. on Consolidated Shares re-opens (in the form of new share certificates) Monday, 25 April 2005 Parallel trading in Consolidated Shares commences 9:30 a.m. on Monday, 25 April 2005 First day of operation of odd lot trading facility Monday, 25 April 2005 Temporary counter for trading in Consolidated Shares in board lots of 2,000 4:00 p.m. on Consolidated Shares closes (in the form of existing share certificates) Wednesday, 18 May 2005 Parallel trading ends 4:00 p.m. on Wednesday, 18 May 2005