09:31     CHI PEOPLE GAS<00681> - Announcement (2)                            

    Independent Shareholders and the Independent Optionholders                
    contained therein before deciding whether or not to accept the            
    Offers.                                                                   
                                                                              
    By order of the board of        By order of the board of                  
    Asian Allied Limited    Chinese People Gas Holdings Company               
    Limited                                                                   
    Mo Shikang      Mo Shikang                                                
    Director        Managing and Executive Director                           
                                                                              
    Hong Kong, 18 March, 2005                                                 
                                                                              
    As at the date of this announcement, the executive Directors              
    are Mr. Wang Ke Duan, Mr. Tjia Boen Sien, Mr. Wang Jing Ning,             
    Mr. Keung Kwok Cheung, Mr. Kong Kwok Fai and Mr. Mo Shikang;              
    and the independent non-executive Directors are Mr. Siu Man Po,           
    Ms. Wong Sin Yee and Mr. Wong Shing Kay, Oliver.                          
                                                                              
    The directors of Asian Allied jointly and severally accept full           
    responsibility for the accuracy of the information contained              
    in this announcement (other than those in relation to the Group)          
    and confirm, having made all reasonable enquiries, that to the            
    best of their knowledge, opinions expressed in this announcement          
    (other than those in relation to the Group) have been arrived             
    at after due and careful consideration and there are no other             
    facts not contained in this announcement the omission of which            
    would make any of statements in this announcement (other than             
    those in relation to the Group) misleading.                               
                                                                              
    The Directors jointly and severally accept full responsibility            
    for the accuracy of the information in relation to the Group              
    contained in this announcement and confirm, having made all               
    reasonable enquiries, that to the best of their knowledge,                
    opinions expressed in this announcement in relation to the Group          
    have been arrived at after due and careful consideration and              
    there are no other facts not contained in this announcement the           
    omission of which would make any of statements in this                    
    announcement in relation to the Group misleading.                         
                                                                              
    *       for identification only