09:59     COMPASS PACIFIC<01188>-Announcement&Resumption of Trading-11        

    "Listing Rules"        the Rules Governing the Listing of Securities on   
    the Stock Exchange                                                        
                                                                              
    "Loan Agreement"        the loan agreement dated 20 September 2004        
    entered into between the Purchaser as lender and APG as the borrower      
    with respect to a loan facility of US$5.6 million                         
                                                                              
    "Ningbo Phoenix"        (English                                          
    transliteration: Ningbo Phoenix Automobile Distribution and Services      
    Co., Ltd), a company incorporated under the laws of the PRC with limited  
    liability                                                                 
                                                                              
    "PRC"        The People's Republic of China                               
                                                                              
    "Purchaser"        American Compass, Inc., a company incorporated in the  
    State of California, the United States of America, a wholly owned         
    subsidiary of the Company                                                 
                                                                              
    "RMB"        Renminbi, the lawful currency of the PRC                     
                                                                              
    "Sale Shares"        an aggregate of 55,872,144 Class A common stocks in  
    the capital of APG representing 76.18% of its entire existing issued      
    share capital to be purchased from the Vendors under the 2nd Acquisition  
    Agreements                                                                
                                                                              
    "SGM"        the special general meeting of the Company to be convened    
    for the purpose of considering and, if thought fit, approving, among      
    other things, the Acquisitions                                            
                                                                              
    "Shareholders"        shareholders of the Company                         
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.1 each in the share capital   
    of the Company                                                            
                                                                              
    "Star Western"        Star Western Holdings LLC, a company incorporated   
    under the laws of the State of Delaware, the United States of America, a  
    wholly-owned subsidiary of APG;                                           
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Subscription Shares"        35,569,384 new Class A common stocks the     
    share capital of APG subscribed by the Purchaser under the 1st            
    Acquisition Agreement                                                     
                                                                              
    "US$"        the lawful currency of the United States of America          
                                                                              
    "Vendors"        37 individuals and two limited liability companies, the  
    legal and beneficial owners of the Sale Shares                            
                                                                              
    The exchange rates adopted for the purposes of this announcement are:     
    US$1 to HK$7.8 and HK$1 to RMB1.06.                                       
                                                                              
    By order of the board of                                                  
    Compass Pacific Holdings Limited                                          
    Law Wing Tak, Jack                                                        
    Director                                                                  
                                                                              
    Hong Kong, 18 March 2005