10:27     JINGWEI TEXTILE<00350> - Announcement (5)                           

    "Original Loan  the loan agreement dated 25 March 2004 and                
    entered into between Hualian                                              
      Agreement"    Building Company and the Bank for the provision of        
    a one-year short-term loan in the principal amount of RMB200              
    million by the Bank to Hualian Building Company, which was                
    expired on 25 March 2005                                                  
                                                                              
    "Percentage Ratios"     the percentage ratios under Rule 14.07 of         
    the Listing Rules, other than the revenue ratio, equity capital           
    ratio and profits ratio                                                   
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "substantial shareholder"       in relation to a company means a          
    person who is entitled to exercise or control the exercise of,            
    10% or more of the voting power at any general meeting of the             
    company                                                                   
                                                                              
    "Zhong Lian Company"    * (Shanghai Zhong                                 
    Lian Commercial Development Company Limited), a limited                   
    liablility company established in the PRC, as to 47.917% of the           
    equity interest of which is owned by the Company and as to 21.429%        
    and 30.654% equity interest are owned by two Independent Third            
    Parties respectively                                                      
                                                                              
    "%"     per cent.                                                         
                                                                              
    Translation of RMB into Hong Kong dollars is based on the exchange        
    rate of HK$1.00 to RMB1.06.                                               
                                                                              
    As at the date of this announcement, the board of Directors               
    comprise Zhang Jie, Fan Xinmin, Gong Enqing, Liu Haitao, Liu              
    Hong, Yao Yuming, Ye Maoxin and Zhang Jianguo, all being                  
    executive Directors and Chen Zhong, Gao Yong, Kon Hiu King,               
    Kenneth Wang Zengjing, and Yu Shiquan, all being independent              
    non-executive Directors.                                                  
                                                                              
    By order of the Board                                                     
    Jingwei Textile Machinery Company Limited                                 
    Ye Xuehua                                                                 
    Company Secretary                                                         
                                                                              
    Beijing, the People's Republic of China, 29 March 2005                    
                                                                              
    * For the Chinese name, please refer to the press announcement today.