11:23     TAI PING CARPET<00146> - Announcement (5)                           

    Unless otherwise specified, the conversion of US$ into HK$ in this        
    announcement is based on the approximate exchange rate of US$1.00 to      
    HK$7.80.                                                                  
                                                                              
    On behalf of the Board                                                    
    Tai Ping Carpets International Limited                                    
    Ernest P.L. Law                                                           
    Company Secretary                                                         
                                                                              
    Hong Kong, 30 March 2005                                                  
                                                                              
    As at the date of this announcement, the directors of the Company are     
    Chairman: Mr James S Dickson Leach, Honorary Life President: Mr Anthony   
    Y C Yeh, Chief Executive Officer: Mr James H Kaplan, Executive Director:  
    Ms Alison S Bailey, Independent Non-executive Directors: Mr Michael T H   
    Lee, Mrs Yvette Y H Fung, Mr Lincoln C K Yung, Non-executive Directors:   
    Mr Ian D Boyce, Mr John J Ying, Mr Kent M C Yeh, Mr Nicholas T J Colfer,  
    Mr Lincoln K K Leong, Alternate Directors: Mr Nelson K F Leong            
    (Alternate to Mr Lincoln K K Leong), Mr David C L Tong (Alternate to      
    Messrs James S Dickson Leach, Nicholas T J Colfer and Ian D Boyce).