10:26     JINGWEI TEXTILE<00350> - Announcement (4)                           

    in favour of the Company                                                  
                                                                              
    "Directors"     the directors of the Company                              
                                                                              
    "Guarantee"     a corporate guarantee in the principal amount of          
    RMB200 million (equivalent to approximately HK$188.68 million)            
    together with all the related interests, penalties, damages and           
    the Bank's expenses incurred in relation to the enforcement of            
    the Loan Agreement and the Guarantee Agreement provided by the            
    Company on a joint and several basis with Hualian Building                
    Company to the Bank in securing of the Loan                               
                                                                              
    "Guarantee Agreement"   the guarantee agreement dated 25 March            
    2005 and entered into between the Company and the Bank for the            
    provision of the Guarantee by the Company                                 
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "H Shares"      the 180,800,000 overseas listed foreign shares in         
    the share capital of the Company, with a nominal value of RMB1.00         
    each, which are listed on the Stock Exchange                              
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    People's Republic of China                                                
                                                                              
    "Hualian Building       *(Beijing Hualian                                 
    Commercial Building Joint                                                 
      Company"      Stock Company Limited), a joint stock company             
    established in the PRC, a listed company on the Shenzhen Stock            
    Exchange, an Independent Third Party to the Company and the               
    borrower under the Original Loan Agreement and the Loan Agreement         
                                                                              
    "Hualian Investment     *(Beijing                                         
    Hualian Group Investment                                                  
      Company"      Holdings Limited), a substantial shareholder of           
    Hualian Building Company and an Independent Third Party to the            
    Company                                                                   
                                                                              
    "Independent Third Party"       a third party who is independent of       
    the Company and connected persons (has the meaning ascribed to            
    it under the Listing Rules) of the Company                                
                                                                              
    "Legal Person Shares"   the 220,000,000 Renminbi-denominated              
    domestic shares in the share capital of the Company, with a               
    nominal value of RMB1.00 each, which are not listed and                   
    non-tradable on any stock exchange and owned by * (China Textile Machinery
    (Group) Company Limited), representing approximately 36.44% of the        
    existing issued share capital of the Company                              
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange                                                     
                                                                              
    "Loan"  the short term loan for a term of one year from 25 March          
    2005 to 25 March 2006 in the principal amount of RMB200 million           
    (equivalent to approximately HK$188.68 million) provided by the           
    Bank to Hualian Building Company                                          
                                                                              
    "Loan Agreement"        the loan agreement dated 25 March 2005 and        
    entered into between Hualian Building Company and the Bank for            
    the provision of the Loan                                                 
                                                                              
    "Market Capitalisation" the market capitalisation of the                  
    Company of approximately RMB1,889 million based on the aggregate          
    of (i) the average closing price of HK$1.977 per H Share for              
    the five business days including and up to 24 March 2005; and             
    (ii) the average closing price of RMB3.57 per A Share for the             
    five business days including and up to 24 March 2005