09:52     COSCO INTL HOLD<00517> - Announcement (3)                           

    sale and purchase of certain steel, cement and other construction         
    materials                                                                 
                                                                              
    "associate(s)"        has the meaning ascribed to it under the Listing    
    Rules                                                                     
                                                                              
    "Board"        means the board of Directors of the Company                
                                                                              
    "Company"        means COSCO International Holdings Limited, a company    
    incorporated in Bermuda with limited liability, the Shares of which are   
    listed on the Stock Exchange                                              
                                                                              
    "Connected        has the meaning ascribed to it under the Listing Rules  
      Person(s)"                                                              
                                                                              
    "Construction        means certain steel sheet, cement and other          
    construction                                                              
      Materials"        materials for the property development project,       
    namely "COSCO Yihe Garden" in Shenyang, the PRC                           
                                                                              
    "COSCO"        means (#) (China Ocean Shipping                            
    (Group) Company), a company incorporated in the PRC and the ultimate      
    beneficial owner holding approximately 58.59% of the issued share         
    capital of the Company (the remaining 41.41% of the issued share capital  
    of the Company is held by the public)                                     
                                                                              
    "Directors"        means the directors of the Company                     
                                                                              
    "Group"        means the Company and its subsidiaries                     
                                                                              
    "Guarantee"        means a proportionate several guarantee provided by    
    the Company in favour of the Vendor guaranteeing the Purchaser's due      
    performance of the obligations under the Agreement (up to 51% of          
    RMB30,000,000 (approximately HK$14,374,000))                              
                                                                              
    "Hong Kong"        means the Hong Kong Special Administrative Region of   
    the PRC                                                                   
                                                                              
    "HK$"        means Hong Kong dollars, the lawful currency of Hong Kong    
                                                                              
    "Listing Rules"        means the Rules Governing the Listing of           
    Securities on the Stock Exchange                                          
                                                                              
    "PRC"        means the People's Republic of China (for the purposes of    
    this Announcement, excluding Hong Kong, Macau Special Administrative      
    Region of the PRC and Taiwan Province)                                    
                                                                              
    "Purchaser"        means (#) (Shenyang COSCO                              
    Yihe Property Development Company Limited), a company incorporated in     
    the PRC with limited liability and a 51% non-wholly-owned subsidiary of   
    the Company                                                               
                                                                              
    "Shareholder(s)"        means the holder(s) of the share(s) of the        
    Company                                                                   
                                                                              
    "Shares"        means the ordinary shares of HK$0.10 each of the Company  
                                                                              
    "Stock Exchange"        means the Stock Exchange of Hong Kong Limited     
                                                                              
    "Vendor"        means (#) (COSCO International Trading                    
    Company), a company incorporated in the PRC with limited liability, an    
    associate of COSCO and thus a Connected Person of the Company             
                                                                              
    In this announcement, the exchange rate of HK$1 to RMB1.0644 is used for  
    reference only.                                                           
                                                                              
    *  For identification purpose only                                        
                                                                              
    By Order of the Board                                                     
    COSCO International Holdings Limited                                      
    LIU Hanbo                                                                 
    Managing Director                                                         
    Hong Kong, 31st March 2005                                                
                                                                              
    As at the date of this announcement, the Board comprises eleven           
    executive Directors, being Mr. Wei Jiafu (Chairman), Mr. Liu Guoyuan      
    (Vice-chairman), Mr. Li Jianhong, Mr. Zhou Liancheng, Mr. Liu Hanbo       
    (Managing Director), Mr. He Jiale, Mr. Guo Huawei, Mr. Chen Pisen, Mr.    
    Meng Qinghui, Mr. Zhao Kaiji and Mr. Lin Libing, three independent        
    non-executive Directors, being Mr. Chan Cheong Foon, Andrew, Mr. Kwong    
    Che Keung, Gordon and Mr. Tsui Yiu Wa, Alec.                              
                                                                              
    # For the Chinese name, please refer to the full version on HKEX website.