09:29     ASIA RESOURCES<00899> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    Asia Resources Holdings Limited                                           
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 899)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    Acquisition of the entire issued share capital of Silver Epoch            
    Investments Limited                                                       
                                                                              
    Billion Source, a wholly owned subsidiary of the Company, has             
    on 21 March 2005 entered into an agreement with the Vendor for            
    purchase of the entire issued share capital of Silver Epoch at            
    a consideration of HK$30,000,000. Silver Epoch is an investment           
    holding company owning the entire equity interest of Siping Yatai,        
    a PRC enterprise engaged in manufacturing pharmaceutical                  
    products.                                                                 
                                                                              
    The Acquisition constitutes a discloseable transaction of the             
    Company under Chapter 14 of the Listing Rules. A circular                 
    containing further information on the Acquisition will be                 
    despatched to shareholders of the Company as soon as practicable.         
                                                                              
                                                                              
    AGREEMENT DATED 21 March 2005                                             
                                                                              
    Parties                                                                   
                                                                              
    Vendor: Madam Wang Xiang,                                                 
    an independent third party not connected with the directors,              
    chief executive or substantial shareholders of the Company or             
    any of its subsidiaries or their respective associates (as                
    defined in the Listing Rules)                                             
                                                                              
    Purchaser:      Billion Source, a wholly owned subsidiary of the          
    Company                                                                   
                                                                              
    Interests to be acquired                                                  
                                                                              
    One share of US$1.00 of Silver Epoch representing the entire              
    issued share capital thereof. Silver Epoch is an investment               
    holding company owning the entire equity interest in Siping               
    Yatai.                                                                    
                                                                              
    Siping Yatai                                                              
                                                                              
    Siping Yatai, formerly a PRC domestic enterprise and became a             
    wholly foreign owned investment enterprise on 2 August 2004,              
    has registered capital and total investment of RMB50,000,000              
    (about HK$47,125,353) and RMB82,500,000 (about HK$77,756,833)             
    respectively. In accordance with the funds verification report            
    dated 3 August 2004 issued by a firm of PRC certified public              
    accountants, the registered capital was fully paid up.                    
                                                                              
    Siping Yatai has obtained the Certificate of Good Manufacturing           
    Practices for Pharmaceutical Products for manufacturing                   
    intravenous fluids. Intravenous fluid is a major category in              
    medical products, which is the introduction of large amounts              
    of fluids of sterile solutions of chemicals such as glucose and           
    starch supplements, by means of controlled drip into the vein.            
    It is a medical product used by hospitals and healthcare                  
    organizations on a daily basis as it is the fastest and most              
    effective way to deliver fluids and medications throughout the            
    body in a controlled way.