09:31     NAN FENG GROUP<00979> - Announcement (2)                            

    EFFECTS ON SHAREHOLDING STRUCTURE                                         
    Name of Shareholders/No. of shares held   Existing   %                    
    After Placing   %                                                         
    (approximately)   (approximately)                                         
                                                                              
    Main Faith Limited (or the Vendor) and its concert                        
    parties (including Mr. Tam Jin Rong) (Note 1)                             
    410,935,123   48.08%   312,035,123   36.50%                               
    Mr.Tam Kai On (Note 2)   1,875,191   0.22%   1,875,191                    
    0.22%                                                                     
    Mr. Tao Ke Wei (Note 2)   1,917,095   0.22%   1,917,095                   
    0.22%                                                                     
    Ko Chung Ting, Peter (Note 2)   1,791,383   0.21%                         
    1,791,383   0.21%                                                         
    Public                                                                    
      Other shareholders   438,251,654   51.27%                               
    438,251,654   51.27%                                                      
      Placees   -   -   98,900,000   11.57%                                   
                                                                              
    Total   854,770,446   100.00%   854,770,446   100.00%                     
                                                                              
    Notes:                                                                    
                                                                              
    1.   Main Faith Limited an investment holding company                     
    incorporated in the British Virgin Islands with limited                   
    liability, is wholly and beneficially owned by Mr. Tam                    
    Jin Rong, the executive Director.                                         
                                                                              
    2.   An executive Director                                                
                                                                              
    Shareholders and potential investors are advised to                       
    exercise caution when dealing in the Shares.                              
                                                                              
    By order of the Board                                                     
    China Nan Feng Group Limited                                              
    Tao Ke Wei                                                                
    Executive Director                                                        
                                                                              
    Hong Kong, 6 April 2005                                                   
                                                                              
    As at the date of this announcement, Tam Jin Rong, Tao                    
    Ke Wei, Tam Kai On and Ko Chung Ting, Peter are executive                 
    directors of the Company, and Choy Sai Man, Lau Kwok                      
    Wah and Huang Shou Deng are independent non-executive                     
    directors of the Company.                                                 
                                                                              
    The sole director of the Vendor accepts full                              
    responsibility for the accuracy of the information                        
    contained in this announcement, other than that                           
    relating to the Group, and confirms, having made all                      
    reasonable enquiries, that to the best of his knowledge,                  
    opinions expressed in this announcement, other than                       
    those relating to the Group, have been arrived at after                   
    due and careful consideration and there are no other                      
    facts not contained in this announcement the omission                     
    of which would make any statements in this announcement                   
    misleading.                                                               
                                                                              
    The Directors jointly and severally accept full                           
    responsibility for the accuracy of the information                        
    contained in this announcement, other than that                           
    relating to the Vendor, and confirm, having made all                      
    reasonable inquiries, that to the best of their                           
    knowledge, opinions expressed in this announcement,                       
    other than that relating to the Vendor, have been                         
    arrived at after due and careful consideration and                        
    there are no other facts not contained in this                            
    announcement, the omission of which would make any                        
    statements in this announcement misleading.