09:53     COSCO INTL HOLD<00517> - Announcement (4)                           

    a company established in the PRC and is a wholly-owned subsidiary of      
    COSCO                                                                     
                                                                              
    "Directors"        the directors of the Company                           
                                                                              
    "Group"        the Company and its subsidiaries                           
                                                                              
    "Guangzhou Yihe"        (#) (Guangzhou Yihe Group Co., Ltd.*), a company  
    incorporated in the PRC                                                   
                                                                              
    "Guarantee"        the guarantee dated 4th April 2005 provided by the     
    Company, COSCO GZ and Guangzhou Yihe to the Lender guaranteeing the       
    performance by the Borrower of its obligations under the Loan Agreement   
                                                                              
    "Guarantors"        the Company, COSCO GZ and Guangzhou Yihe              
                                                                              
    "HK$"        Hong Kong dollars, the lawful currency of Hong Kong          
                                                                              
    "Independent         Shareholder(s) other than COSCO and True Smart and   
    any of their                                                              
      Shareholder(s)"          respective associates                          
                                                                              
    "Lender"        (#) (COSCO Finance Limited*), a financial institution     
    established under PRC laws and a subsidiary of COSCO                      
                                                                              
    "Listing Rules"        the Rules Governing the Listing of Securities on   
    the Stock Exchange                                                        
                                                                              
    "Loan Agreement"        the loan agreement dated 4th April 2005 between   
    the Lender and the Borrower in respect of the Loan Facility               
                                                                              
    "Loan Facility"        a loan facility of up to RMB150,000,000 for a      
    term up to 5th April 2007 granted by the Lender to the Borrower           
                                                                              
    "PRC"        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)                                           
                                                                              
    "Project"        the property development project named "COSCO Yihe       
    Garden" in Shenyang, PRC                                                  
                                                                              
    "RMB"        Reminbi, the lawful currency of the PRC                      
                                                                              
    "SGM"        a special general meeting of the Company to be held to       
    approve the Guarantee and the Commitment Agreement                        
                                                                              
    "Shareholder(s)"        the holder(s) of the share(s) of the Company      
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "True Smart"        True Smart International Limited, a company           
    incorporated under the laws of British Virgin Islands and a wholly-owned  
    subsidiary of COSCO, which holds 58.59% equity interest in the Company    
                                                                              
    In this announcement, the exchange rate of HK$1 to RMB1.0644 is used for  
    reference only.                                                           
                                                                              
                                                                              
    By Order of the Board                                                     
    COSCO International Holdings Limited                                      
    LIU Hanbo                                                                 
    Managing Director                                                         
                                                                              
    Hong Kong, 4th April 2005                                                 
                                                                              
    As at the date hereof, the Board comprises of fourteen directors of       
    which 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 as executive directors and Mr. Chan Cheong Foon,       
    Andrew, Mr. Kwong Che Keung, Gordon and Mr. Tsui Yiu Wa, Alec as          
    independent non-executive directors.                                      
                                                                              
    # For the Chinese name, please refer to the full version on HKEX website.