09:46     HK CHINESE LTD<00655> & HK BLDG & LOAN<00145>-Joint Ann. (2)        

    The Trading Accounts Agreements constitute                                
    continuing connected transactions under Chapter 14A                       
    of the Listing Rules for:                                                 
                                                                              
    (1)     HCL:                                                              
                                                                              
    (a)     as regards the LC Trading Accounts Agreement by                   
    virtue of Lippo Securities and Lippo Futures being                        
    indirect wholly-owned subsidiaries of HCL and Lippo                       
    Cayman being an indirect controlling shareholder of                       
    HCL (through its indirect shareholding interests in                       
    Lippo and LCR which are indirect controlling                              
    shareholders of HCL), thereby constituting Lippo                          
    Cayman a connected person of HCL under the Listing                        
    Rules;                                                                    
                                                                              
    (b)     as regards the Lippo Trading Accounts Agreement                   
    by virtue of Lippo Securities and Lippo Futures being                     
    indirect wholly-owned subsidiaries of HCL and Lippo                       
    being an indirect controlling shareholder of HCL                          
    (through its indirect shareholding interest in LCR),                      
    thereby constituting Lippo a connected person of HCL                      
    under the Listing Rules;                                                  
                                                                              
    (c)     as regards the LCR Trading Accounts Agreement                     
    by virtue of Lippo Securities and Lippo Futures being                     
    indirect wholly-owned subsidiaries of HCL and LCR                         
    being an indirect controlling shareholder of HCL,                         
    thereby constituting LCR a connected person of HCL                        
    under the Listing Rules; and                                              
                                                                              
    (d)     as regards the HKBLA Trading Accounts Agreement                   
    by virtue of Lippo Securities and Lippo Futures being                     
    indirect wholly-owned subsidiaries of HCL and LCR                         
    being a controlling shareholder of both HCL and HKBLA,                    
    thereby constituting HKBLA a connected person of HCL                      
    under the Listing Rules as an associate of LCR; and                       
                                                                              
    (2)     HKBLA as regards the HKBLA Trading Accounts                       
    Agreement by virtue of Lippo Securities and Lippo                         
    Futures being indirect wholly-owned subsidiaries of                       
    HCL and LCR being a controlling shareholder of both                       
    HCL and HKBLA, thereby constituting Lippo Securities                      
    and Lippo Futures connected persons of HKBLA under                        
    the Listing Rules as associates of LCR.                                   
                                                                              
    Each of the applicable percentage ratios (as defined                      
    in the Listing Rules) on an annual basis for HCL and                      
    HKBLA in relation to the aggregate commissions                            
    received or to be received by Lippo Securities and/or                     
    Lippo Futures for (1) each of the Trading Accounts                        
    Agreements (in respect of HCL) equals less than 2.5                       
    per cent. and (2) the HKBLA Trading Accounts Agreement                    
    (in respect of HKBLA) equals more than 2.5 per cent                       
    but less than 25 per cent. and the said aggregate                         
    commissions is less than HK$10 million. Accordingly,                      
    the Trading Accounts Agreements are subject to                            
    reporting and announcement requirements under Rule                        
    14A.34 of the Listing Rules but no approval of                            
    independent shareholders of HCL or HKBLA will be                          
    required.                                                                 
                                                                              
    Details of the Trading Accounts Agreements will be                        
    disclosed in the annual report of each of HCL and HKBLA                   
    (as applicable) for each of the relevant financial                        
    years in accordance with Rule 14A.46 of the Listing                       
    Rules.                                                                    
                                                                              
    INTRODUCTION                                                              
    The respective boards of directors of Hongkong                            
    Chinese Limited ("HCL") and The Hong Kong Building                        
    and Loan Agency Limited ("HKBLA") announce that the                       
    following standard trading accounts agreements