11:16     SHINEWAY PHARM<02877> - Announcement (6)                            

                                   limited liability and the                  
                                   controlling shareholder of                 
                                   the Company, which is                      
                                   indirectly controlled by the               
                                   trustee for the benefits of                
                                   the family members of Mr. Li               
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Yuan Da'                      Yuan Da International Limited              
                                   , a company incorporated in                
                                   the British Virgin Islands                 
                                   with limited liability and                 
                                   owned as to 100% by the                    
                                   Company                                    
                                                                              
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    China Shineway Pharmaceutical Group Limited                               
    Li Zhenjiang                                                              
    Chairman                                                                  
                                                                              
    Hong Kong, 30 March, 2005                                                 
                                                                              
    In this announcement, amounts denominated in RMB have been                
    translated into Hong Kong dollars at the rate of HK$1.00: RMB1.06 for     
    the purpose of illustration only. No representation is made that the      
    amounts in question have been, could have been or could be converted      
    at such particular rate.                                                  
                                                                              
    As at the date of this announcement, the executive Directors are Mr.      
    Li Zhenjiang, Ms. Wang Zhihua, Ms. Xin Yunxia, Mr. Hou Jiangtao and       
    Mr. Li Huimin and the independent non-executive Directors are Mr. Li      
    Kung Man, Dr. Wang Jianping and Prof. Zhou Chaofan.