10:14     LCH BANK<01111> & LIU CHONG HING<00194>-Joint Announcement-6        

    "EGM"   an extraordinary general meeting of LCH Bank to consider,         
    and if thought fit, approve the Transaction;                              
                                                                              
    "HKMA"  the Hong Kong Monetary Authority;                                 
                                                                              
    "HK$"   Hong Kong Dollars, the lawful currency of Hong Kong;              
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    People's Republic of China;                                               
                                                                              
    "Insurance      the Insurance Companies Ordinance, Chapter 41, Laws of    
      Companies     Hong Kong;                                                
      Ordinance"                                                              
                                                                              
    "LCH Bank"      Liu Chong Hing Bank Limited, a company incorporated       
    in Hong Kong with limited liability, the shares of which are              
    listed on the Stock Exchange;                                             
                                                                              
    "LCH Insurance" Liu Chong Hing Insurance Company Limited, a               
    company incorporated in Hong Kong with limited liability;                 
                                                                              
    "LCH Investment"        Liu Chong Hing Investment Limited, a company      
    incorporated in Hong Kong with limited liability, the shares              
    of which are listed on the Stock Exchange;                                
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange;                                                    
                                                                              
    "Sale and Purchase      a conditional agreement dated 3 March             
      Agreement"            2005 entered into between LCH Bank and LCH        
                                 Investment in relation to the Transaction;   
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited; and      
                                                                              
    "Transaction"   the acquisition of the entire issued and fully            
    paid-up share capital of LCH Insurance by LCH Bank from LCH               
    Investment.                                                               
                                                                              
    By order of the Board           By order of the Board                     
    LIU CHONG HING BANK LIMITED     LIU CHONG HING INVESTMENT LIMITED         
    Michael K W Yeung               Lee Wai Hung                              
    Company Secretary               Executive Director & Company Secretary    
                                                                              
    Hong Kong, 14 March 2005                                                  
                                                                              
    As at the date of this announcement, the executive directors              
    of LCH Bank are Mr. Liu Lit Man (executive chairman), Mr. Liu             
    Lit Mo (vice chairman), Mr. Liu Lit Chi (managing director &              
    chief executive officer), Mr. Don Tit Shing Liu (executive                
    director & deputy chief executive officer), Mr. Wilfred Chun              
    Ning Liu, Mr. Lau Wai Man, Mr. Frank Shui Sang Jin and Mr. Kevin          
    Wai Hung Chu; the non-executive directors are Dr. Robin Yau Hing          
    Chan, Mr. Liu Guoyuan, Mr. Timothy George Freshwater, Mr.                 
    Toshiaki Arai, Mr. Andrew Liu, Mr. Sun Jiakang, Mr. Dominic Bing          
    Hoi Lam, Mr. Christopher Kwun Shing Liu and Mr. Alfred Cheuk              
    Yu Chow; and the independent non-executive directors are Mr.              
    Peter Alan Lee Vine, Mr. Wanchai Chiranakhorn and Mr. Cheng Yuk           
    Wo.                                                                       
                                                                              
    As at the date of this announcement, the executive directors              
    of LCH Investment are Mr. Liu Lit Man (chairman), Mr. Liu Lit             
    Mo (managing director), Mr. Liu Lit Chi, Mr. Winston Kam Fai              
    Liu , Mr. Lee Wai Hung; the non-executive directors are Dr. Liu           
    Lit Chung, Mr. Andrew Liu, Mr. Wilfred Chun Ning Liu, Mr.                 
    Christopher Kwun Shing Liu (alternate director to Dr. Liu Lit             
    Chung); and the independent non-executive directors are Dr. Leo           
    Tung Hai Lee, Mr. Peter Alan Lee Vine, Mr. Peter Ping Kin Ng,             
    Mr. Moses Mo Chi Cheng, and Mr. Tong Tsin Ka.