10:13 <01168> & <00622> - Joint Announcement & Resumption (8) Suspension and Resumption of Trading Trading in the respective shares of Sinolink, Enerchina and Panva Gas on the Stock Exchange have been suspended at the request of Sinolink, Enerchina and Panva Gas respectively from 9:30 a.m. on 4 April 2005 pending the release of this announcement. Sinolink, Enerchina and Panva Gas have applied to the Stock Exchange for the resumption of trading in their respective shares on the Stock Exchange with effect from 9:30 a.m. on 8 April 2005. The Stock Exchange has stated that it will closely monitor trading in the Enerchina Shares if less than 25% of the Enerchina Shares are held by the public. If the Stock Exchange believes that (i) a false market exists or may exist in the trading of the Enerchina Shares; or (ii) there are insufficient Enerchina Shares in public hands to maintain an orderly market, it will consider exercising its discretion to suspend trading in the Enerchina Shares until a level of sufficient public float is attained. XI. DEFINITIONS In this announcement, unless the context otherwise requires, the following terms shall have the meanings set out below: "Acquisition" the acquisition of the Sale Shares by Enerchina pursuant to the Acquisition Agreement "Acquisition Agreement" a conditional sale and purchase agreement dated 7 April 2005 entered into between Sinolink and Enerchina in relation to the Acquisition/Disposal "Announcement" the announcement of Enerchina dated 18 February 2005 regarding the status of the public float of the Enerchina Shares "Asia Pacific" Asia Pacific Promotion Limited, a private company wholly-owned by Mr. Ou Yaping "associate(s)" has the meaning ascribed to it under the Listing Rules "Business Day" a day (other than a Saturday or Sunday or days on which a tropical cyclone warning Number 8 or above or a "black" rain warning signal is hoisted in Hong Kong at any time between 9 am and 5 pm) on which Hong Kong clearing banks are open for the transaction of normal banking business "Code" the Hong Kong Code on Takeovers and Mergers "Completion Date" the second Business Day after the date on which the last of the Conditions is fulfilled or waived or such other date as the parties may agree in writing "Conditions" the conditions precedent to completion of the Acquisition Agreement "Consideration" the consideration for the acquisition of the Sale Shares "Consideration Share(s)" ordinary share(s) of HK$0.01 each in the capital of Enerchina to be issued and allotted to Sinolink in full satisfaction of the Consideration "Deductible" HK$64,375,000 which represents the Maximum Exposure of Kenson under the Kenson Note as at the Valuation Date "Disposal" the disposal of the Sale Shares by Sinolink pursuant to the Acquisition Agreement "Encumbrance" any mortgage, charge, pledge, lien, option, restriction, right of first refusal, right of pre-emption, claim, right, interest or preference granted to any third party, or any other encumbrance or security interest of any kind (or an agreement or commitment to create any of the same) and "Encumbrancer" means the holder of any Encumbrance; "End Date" 30 June 2005 "Enerchina" Enerchina Holdings Limited (Stock Code: 622), a company incorporated in Bermuda whose shares are listed on the Main Board of the Stock Exchange "Enerchina Shareholders" the shareholders of Enerchina "Enerchina Share(s)" ordinary share(s) of HK$0.01 each in the capital of Enerchina listed and traded on the Stock Exchange "GEM" the Growth Enterprise Market