10:05     TIAN AN<00028> - Announcement (9)                                   

    subsidiary of the Company                                                 
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "RMB"  Renminbi, the lawful currency of the PRC                           
                                                                              
    "US$"  United States dollars, the lawful currency of the United States    
    of America                                                                
                                                                              
    "%"  per cent.                                                            
                                                                              
    By Order of the Board                                                     
    Tian An China Investments Company Limited                                 
    Patrick Lee Seng Wei                                                      
    Chairman                                                                  
                                                                              
    Hong Kong, 17th March, 2005                                               
                                                                              
    For the purpose of this announcement, amounts denominated in RMB have     
    been converted to HK$ at an exchange rate of RMB1.06 : HK$1.00 whereas    
    amounts denominated in US$ have been converted to HK$ at an exchange      
    rate of US$1.00 : HK$7.80.                                                
                                                                              
    Note 1:  In 1991, amounts denominated in RMB had been converted to HK$    
    at the exchange rate of approximately RMB0.73:HK$1.00. Therefore, in      
    1991 RMB8,070,000 would have been equivalent to approximately             
    HK$11,024,000 at the relevant time.                                       
                                                                              
    Note 2:  In 1991, amounts denominated in RMB had been converted to HK$    
    at the exchange rate of approximately RMB0.73:HK$1.00. In January 2005,   
    amounts denominated in RMB had been converted to HK$ at the exchange      
    rate of approximately RMB1.06:HK$1.00.                                    
                                                                              
    * For the Chinese name, please refer to the press announcement today.