09:03     JILIN CHANGLONG<08049> - Yearly Results Announcement (1)            

                                                                              
    Jilin Province Huinan Changlong Bio-pharmacy Company Limited announced on 
    30/03/2005:                                                               
    (stock code: 08049 )                                                      
                                                                              
    Year end date                         :31/12/2004                         
    Currency                              :RMB                                
    Auditors' report                      :Unqualified                        
                                                                              
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                                 (Audited)         (Audited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2004   from 01/01/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         83,986            91,592  
    Profit/(Loss) from Operations         :         12,879            10,384  
    Finance cost                          :          (514)             (833)  
    Share of Profit/(Loss) of Associates  :            N/A               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :          8,603             8,707  
    % Change Over the Last Period         :          -1.19%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :      RMB 0.015         RMB 0.016  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         8,603             8,707   
    Final Dividends per Share             :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for Annual General Meeting  : 28/05/2005   to 28/06/2005   bdi. 
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    Jilin Province Huinan Changlong Bio-pharmacy Company Limited              
                                                                              
    Signature :                                                               
    Name      : Zhang Hong                                                    
    Title     : Chairman                                                      
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1.Basis of Preparation                                                    
                                                                              
    The Company was established as a state-owned enterprise in the            
    People's Republic of China (the "PRC") in 1989. On 29 December 1995,      
    under the relevant provisions of the PRC Company Law, the Company         
    was re-organized from a state-owned enterprise to a limited               
    liability company. Further on 16 August 1996, with the approval           
    of the Economic Restructuring Commission of Jilin Province, the           
    Company was then converted into a joint stock limited company.            
    The Company's H shares were listed on the Growth Enterprise Market        
    of The Stock Exchange of Hong Kong Limited on 24 May 2001.                
                                                                              
    The financial statements have been prepared in accordance with            
    Hong Kong Financial Reporting Standards (which also include Statements    
    of Standard Accounting Practice and Interpretations) issued by the        
    Hong Kong Institute of Certified Public Accountants, accounting           
    principles generally accepted in Hong Kong, the disclosure                
    requirements of the Hong Kong Companies Ordinance and the Rules           
    Governing the Listing of Securities on the GEM.                           
                                                                              
    2.Turnover                                                                
                                                                              
    The Group's turnover comprises the invoiced value of merchandise          
    sold net of Value-Added Tax and after allowances for returns              
    and discounts.