11:24     HK CONSTRUCTION<00190> - Announcement (8)                           

    "Directors"     the directors of the Company                              
                                                                              
    "Equity Transfer Agreement I"   the Equity Transfer                       
    Agreement dated 29 March 2005 entered into between                        
    the Transferor as the transferor and APC and Sinoriver                    
    as the transferees                                                        
                                                                              
    "Equity Transfer Agreement II"  the Equity Transfer                       
    Agreement dated 29 March 2005 entered into between                        
    the Transferor as the transferor and Sinoriver as the                     
    transferee                                                                
                                                                              
    "Equity Transfer Agreements"    collectively the                          
    Equity Transfer Agreement I and Equity Transfer                           
    Agreement II                                                              
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative                      
    Region of the PRC                                                         
                                                                              
    "Listing Rules" the Rules Governing the Listing of                        
    Securities on the Stock Exchange                                          
                                                                              
    "MOU"   memorandum of understanding dated 29 March 2005                   
    between APC, Sinoriver and the Transferor in respect                      
    of the grant of the Option by Sinoriver in favour of                      
    APC                                                                       
                                                                              
    "Option"        the right exercisable by APC within 3 months              
    after completion of capital contribution to Project                       
    Company II to require Sinoriver to transfer to APC                        
    10% of the registered capital of Project Company II                       
    held by Sinoriver at a price equal to the amount of                       
    capital contribution actually made by Sinoriver to                        
    such 10% registered capital plus interest at the rate                     
    of 6% per annum                                                           
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Projects"      collectively Project (Phase I) and                        
    Project (Phase II)                                                        
                                                                              
    "Project (Phase I)" and the first and the second                          
    phases of the wind power project involving                                
      "Project (Phase II)"  the building of two 30                            
    megawatts wind power plants in Heilongjiang, the PRC                      
                                                                              
    "Project Companies"     collectively Project Company I                    
    and Project Company II                                                    
                                                                              
    "Project Company I"     # (Asia                                           
    Wind Power (Mudanjiang) Company Limited*), a wholly                       
    foreign-owned enterprise established in the PRC on                        
    29 December 2004 for undertaking Project (Phase I)                        
                                                                              
    "Project Company II"    # (Hong                                           
    Kong Wind Power (Muling) Company Limited*), a wholly                      
    foreign-owned enterprise to be established in the PRC                     
    by the Transferor for undertaking Project (Phase II)                      
                                                                              
    "Shareholders"  the shareholders of the Company                           
                                                                              
    "Sinoriver"     Sinoriver International Limited (#) , a wholly-owned      
    subsidiary of the Company,                                                
    a company incorporated in the British Virgin Islands                      
    with limited liability                                                    
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited