09:38     SHANGHAI GROWTH<00770> - Announcement (9)                           

    "Second Supplemental Agreement"  means the second supplemental            
    agreement dated 12 September 2001 entered into between the Company and    
    the Investment Manager                                                    
                                                                              
    "Share(s)"  means the share(s) of the Company                             
                                                                              
    "Shareholder(s)"  means the shareholder(s) of the Company                 
                                                                              
    "SITICO"  means Shanghai International Trust & Investment Corporation,    
    a company established in the PRC and controlled by the Shanghai           
    Municipal People's Government                                             
                                                                              
    "Stock Exchange"  means The Stock Exchange of Hong Kong Limited           
                                                                              
    "Supplemental Agreement"  means the supplemental agreement dated 22       
    January 2001 entered into between the Company and the Investment Manager  
                                                                              
    "Third Supplemental Agreement"  means the third supplemental agreement    
    dated 3 November 2003 entered into between the Company and the            
    Investment Manager                                                        
                                                                              
    "Unlisted Investments Portfolio"  means the assets of the Company which   
    represent the unlisted securities or interests of the Company             
                                                                              
    "US"  means the United States of America                                  
                                                                              
    "US$"  means US dollars, the lawful currency of the US                    
                                                                              
    "Waiver"  means the waiver granted by the Stock Exchange to the Company   
    on 9 February 2001 from strict compliance with the then Listing Rules     
    in connection with the Ongoing Connected Transactions for the term of     
    the Supplemental Agreement                                                
                                                                              
    "%"  means per cent                                                       
                                                                              
    In this circular, unless indicated otherwise, all amounts in US$ were     
    translated into HK$ at an exchange rate of US$1 to HK$7.80 for            
    indication only.                                                          
                                                                              
    For and on behalf of the Board                                            
    Shanghai International                                                    
    Shanghai Growth Investment Limited                                        
    Wu, Choi Sun William                                                      
    Executive Director                                                        
                                                                              
    The Directors as at the date of this announcement are as follows:         
                                                                              
    Executive Directors  Independent Non-Executive Directors                  
    Mr. Wu, Choi Sun William  Mr. Yick, Wing Fat Simon                        
    Dr. Xue, Wanxiang  Mr. Ong, Ka Thai                                       
      Dr. Hua, Min                                                            
                                                                              
    Other Non-Executive Directors                                             
    Mr. Cai, Nongrui                                                          
    Mr. Chao, Hsi-hsiang                                                      
    Mr. Chen, Chi-chuan                                                       
    Mr. Chiang, Ching-yee                                                     
    Mr. Chiu, Tak-chiang (also known as Yau, Tak-chiang)                      
    Mr. Hu, Jinggang                                                          
    Mr. Lee, Tien-chieh                                                       
    Mr. Tseng, Ta-mon                                                         
    Dr. Wang, Changhong                                                       
    Mr. Zhou, Youdao                                                          
                                                                              
    Hong Kong, 11 April 2005