09:16     HK CONSTRUCTION<00190>-Announcement&Resumption of Trading(1)        

    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.                                                     
                                                                              
    HONG KONG CONSTRUCTION (HOLDINGS) LIMITED                                 
    (Incorporated in Hong Kong with limited liability)                        
    (Stock code: 190)                                                         
                                                                              
    CLARIFICATION ANNOUNCEMENT ON                                             
    UNUSUAL PRICE AND VOLUME MOVEMENTS                                        
    AND                                                                       
    RESUMPTION OF TRADING                                                     
                                                                              
    Reference is made to the Teletext Announcement which                      
    inadvertently omits certain negotiations which are                        
    discloseable under Rule 13.23 of the Listing Rules.                       
    The Board wishes to clarify that the Company is                           
    currently under negotiation with certain independent                      
    third parties for a proposed acquisition of a toll                        
    road project and a proposed acquisition of a wind                         
    power project, both in the PRC. No binding agreement                      
    has been entered into by the Company as yet. Therefore,                   
    the above acquisitions may or may not proceed.                            
    Shareholders of the Company and potential investors                       
    are advised to exercise caution when dealing in the                       
    Shares.                                                                   
                                                                              
    Save as disclosed above, the Board confirms that there                    
    are no negotiations or agreements relating to                             
    intended acquisitions or realizations which are                           
    discloseable under Rule 13.23 of the Listing Rules,                       
    neither is the Board aware of any matter discloseable                     
    under the general obligation imposed by Rule 13.09                        
    of the Listing Rules, which is or may be of a                             
    price-sensitive nature.                                                   
                                                                              
    At the request of the Company, dealings in the Shares                     
    on the Stock Exchange were suspended with effect from                     
    10:54 a.m. on 16 March 2005 pending the release of                        
    this announcement. Application has been made for the                      
    resumption of trading in the Shares on the Stock                          
    Exchange with effect from 9:30 a.m. on 17 March 2005.                     
                                                                              
    The board of directors (the "Board") of Hong Kong                         
    Construction (Holdings) Limited (the "Company")                           
    refers to the teletext announcement released by the                       
    Company at about 9:09 p.m. on 15 March 2005 (the                          
    "Teletext Announcement") which inadvertently omits                        
    certain negotiations which are discloseable under                         
    Rule 13.23 of the Rules Governing the Listing of                          
    Securities on The Stock Exchange of Hong Kong Limited                     
    (the "Listing Rules").                                                    
                                                                              
    The Board wishes to clarify that the Company is                           
    currently under negotiation with certain independent                      
    third parties for a proposed acquisition of a toll                        
    road project and a proposed acquisition of a wind                         
    power project, both in the People's Republic of China                     
    (the "PRC"). The above acquisitions may constitute                        
    notifiable transactions for the Company under the                         
    Listing Rules. However, as no binding agreement has                       
    been entered into by the Company as yet, the above                        
    acquisitions may or may not proceed. Shareholders of                      
    the Company and potential investors are advised to                        
    exercise caution when dealing in the Shares. The                          
    Company will make further announcement relating to                        
    the above acquisitions as and when appropriate in                         
    accordance with the requirements of the Listing                           
    Rules.