10:43     CKLIFE SCIENCES<08222> - 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.                         
                                                                              
    CK Life Sciences Int'l., (Holdings) Inc.                                  
    (Incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 8222)                                                        
                                                                              
    CONTINUING CONNECTED TRANSACTIONS                                         
                                                                              
    The Group has been carrying on the Existing Continuing                    
    Connected Transactions, as announced on 29 August 2003.                   
    At the extraordinary general meeting of the Company held                  
    on 26 September 2003, the then independent Shareholders                   
    approved the Group to conduct the Existing Continuing                     
    Connected Transactions and the annual caps for                            
    transactions under each of the Existing Supply Agreements                 
    for a period up to 31 December 2005, subject to certain                   
    conditions.  Details of the Existing Continuing Connected                 
    Transactions were disclosed in the announcement and                       
    circular of the Company dated 29 August 2003 and 10                       
    September 2003 respectively. The Existing Supply                          
    Agreements and the period covered by the approval in                      
    respect of them will expire on 31 December 2005.                          
                                                                              
    It is expected that the Group, the CKH Group and the HIL Group            
    will from time to time continue to enter into transactions                
    of a nature similar to the Existing Continuing Connected                  
    Transactions after the expiry of the Existing Supply                      
    Agreements on 31 December 2005.                                           
                                                                              
    As at the date of this announcement, (i) CKH is interested                
    in approximately 44.01% of the issued share capital of the                
    Company and therefore is a substantial shareholder of the Company         
    and (ii) CKH is interested in approximately 49.97% of the                 
    issued share capital of HWL, and HIL, a wholly-owned                      
    subsidiary of HWL, is thus an associate of CKH. Therefore,                
    CKH and HIL are connected persons of the Company under                    
    the GEM Listing Rules.  Since the New Continuing Connected                
    Transactions will involve provision of goods on a                         
    continuing or recurring basis and are expected to extend                  
    over a period of time, those transactions constitute                      
    continuing connected transactions of the Company under                    
    the GEM Listing Rules.                                                    
                                                                              
    On 29 March 2005, the Company entered into the conditional                
    New Supply Agreements for a term of three years commencing                
    from 1 January 2006. In respect of the total amount of                    
    the New CKH Continuing Connected Transactions and the New                 
    HIL Continuing Connected Transactions, as it is                           
    anticipated that the applicable percentage ratios (other                  
    than the profits ratio) calculated in accordance with                     
    Chapter 19 of the GEM Listing Rules will, on an annual                    
    basis, not be less than 2.5% and the annual consideration                 
    is expected to be higher than HK$10,000,000, the New CKH                  
    Continuing Connected Transactions and the New HIL                         
    Continuing Connected Transactions will constitute                         
    non-exempt continuing connected transactions of the                       
    Company under the GEM Listing Rules.  The Company will be                 
    subject to the reporting, announcement, annual review and                 
    Independent Shareholders' approval requirements under                     
    Rules 20.45 to 20.54 of the GEM Listing Rules in relation                 
    to the New Continuing Connected Transactions.                             
                                                                              
    In view of the above, the Company will