09:01     CHINA FIRE<08201> - Announcement                                    

                                                                              
    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.               
                                                                              
    China Fire Safety Enterprise Group Holdings Limited                       
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 8201)                                                        
                                                                              
    RESULTS OF EXTRAORDINARY GENERAL MEETING                                  
                                                                              
    The Board is pleased to announce that the Subscription Agreement, the     
    Option Agreement and the Whitewash Waiver were approved by the            
    Independent Shareholders at the EGM held on 29th March 2005.              
                                                                              
    Subject to the fulfilment of the remaining conditions, the First Tranche  
    Subscription is expected to be completed on or before 12th April 2005.    
                                                                              
    By order of the Board                                                     
    China Fire Safety Enterprise Group Holdings Limited                       
    Li Ching Wah                                                              
    Company Secretary                                                         
                                                                              
    As at the date of this announcement, the Company's Executive Directors    
    are Mr. Jiang Xiong, Mr. Jiang Qing, Mr. Chen Shu Quan and                
    Mr. Chan Siu Tat; the Non-Executive Directors are Mr. Richard Owen Pyvis  
    and Ms. Josephine Price; and the Independent Non-Executive Directors are  
    Mr. Liu Shi Pu, Mr. Heng Kwoo Seng and Mr. Xiang Yu Fu.                   
                                                                              
    Hong Kong, 29 March 2005                                                  
                                                                              
    This announcement, for which the Directors of the Company collectively    
    and individually accept full responsibility, includes particulars         
    given in compliance with the Rules Governing the Listing of Securities    
    on the Growth Enterprise Market of The Stock Exchange of Hong Kong        
    Limited for the purpose of giving information with regard to the          
    Company. The Directors of the Company, having made all reasonable         
    enquiries, confirm that, to the best of their knowledge and belief,       
    (1) the information contain in this announcement is accurate and          
    complete in all material respects and not misleading; (2) there are no    
    other matters the omission of which would make any statement in this      
    announcement misleading; and (3) all opinions expressed in this           
    announcement have been arrived at after due and careful consideration     
    and are founded on bases and assumptions that are fair and reasonable.    
                                                                              
    The above announcement is a summary only. For the full version of this    
    announcement, please refer to the "Latest Company Announcements"          
    page on the GEM website of www.hkgem.com.