09:04     CCOE<08286> - Yearly Results Announcement (2)                       

                                                                              
    Profits attributable to shareholders increased by approximately           
    5.8% compared to the previous year to approximately RMB9.4 million        
    for the year ended 31 December 2004.                                      
                                                                              
    The Directors did not recommend the payment of a final dividend for       
    the year ended 31 December 2004.                                          
                                                                              
    3. Earnings per share                                                     
                                                                              
    The calculation of basic earnings per share is based on the               
    net profit from ordinary activities attributable to                       
    shareholders for the year ended 31 December 2004 of                       
    RMB9,360,000 (2003:RMB8,849,000) and the weighted average                 
    of 271,155,082 (2003:208,860,000) shares in issue                         
    during the year.                                                          
                                                                              
    No diluted earnings per share amounts have been presented                 
    for the two years ended 31 December 2004 and 2003                         
    and no diluting events existed during those years.