09:01     NAN FENG GROUP<00979>-Announcement&Resumption of Trading(6)         

    "Top-Up Subscription Agreement"    the subscription agreement             
    between the Vendor and the Company dated 23 March 2005 in                 
    relation to the Top-Up Subscription                                       
                                                                              
    "Vendor"   Main Faith Limited, an investment holding company              
    incorporated in the British Virgin Islands with limited                   
    liability, wholly owned by Mr. Tam Jin Rong, the executive                
    Director                                                                  
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "%"   per cent.                                                           
                                                                              
    By order of the Board                                                     
    China Nan Feng Group Limited                                              
    Tao Ke Wei                                                                
    Executive Director                                                        
                                                                              
    Hong Kong, 24 March 2005                                                  
                                                                              
    As at the date of this announcement, Tam Jin Rong, Tao Ke Wei,            
    Tam Kai On and Ko Chung Ting, Peter are executive directors of            
    the Company, and Choy Sai Man, Lau Kwok Wah and Huang Shou                
    Deng are independent non-executive directors of the Company.              
                                                                              
    The sole director of the Vendor accepts full responsibility               
    for the accuracy of the information contained in this                     
    announcement, other than that relating to the Group, and                  
    confirms, having made all reasonable enquiries, that to the               
    best of his knowledge, opinions expressed in this announcement,           
    other than those relating 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 statements in this announcement misleading.                
                                                                              
    The Directors jointly and severally accept full responsibility            
    for the accuracy of the information contained in this                     
    announcement, other than that relating to the Vendor, and                 
    confirm, having made all reasonable inquiries, that to the                
    best of their knowledge, opinions expressed in this                       
    announcement, other than that relating to the Vendor, 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 statements in this                       
    announcement misleading.