09:49     CHI PEOPLE GAS<00681> - Announcement (3)                            

    become interested in an aggregate of 1,441,798,538 Shares                 
    immediately after the closing of the Offers, representing                 
    approximately 55.14% of the existing issued share capital of              
    the Company and of the voting rights which may be exercised at            
    general meetings of the Company. Upon the closing of the Offers,          
    the balance of approximately 44.86% of the existing issued share          
    capital of the Company remains to be held by the public who are           
    independent from Asian Allied. Accordingly, the Company has               
    continued to maintain the minimum public float as required under          
    Rule 8.08 of the Listing Rules.                                           
                                                                              
    B.      CHANGE OF DIRCTORS                                                
                                                                              
    Resignation of Mr. Wang Ke Duan, Mr. Tjia Boen Sien, Mr. Wang             
    Jing Ning, Mr. Keung Kwok Cheung, Mr. Kong Kwok Fai, Mr. Siu              
    Man Po and Ms. Wong Sin Yee                                               
                                                                              
    As stated in the Composite Offer Document, the Board wishes to            
    announce that with effect from 11 April 2005 immediately after            
    the closing of the Offers, (i) Mr. Wang Ke Duan, Mr. Tjia Boen            
    Sien, Mr. Wang Jing Ning, Mr. Keung Kwok Cheung and Mr. Kong              
    Kwok Fai resigned as executive Directors; and (ii) Mr. Siu Man            
    Po and Ms. Wong Sin Yee resigned as independent non-executive             
    Directors. On the same day, Mr. Wang Ke Duan and Mr. Tjia Boen            
    Sien resigned as the Chairman and Deputy Chairman of the Board            
    respectively. Each of the resigning Directors has confirmed that          
    he/she has no disagreement with the Board and there are no matters        
    relating to his/her resignation that needs to be brought to the           
    attention of the holders of the securities of the Company.                
                                                                              
    The Board would like to take this opportunity to express its              
    gratitude to Mr. Wang Ke Duan, Mr. Tjia Boen Sien, Mr. Wang Jing          
    Ning, Mr. Keung Kwok Cheung, Mr. Kong Kwok Fai, Mr. Siu Man Po            
    and Ms. Wong Sin Yee for their contribution to the Company during         
    their term of services.                                                   
                                                                              
    Appointment of Mr. Xu Ruixin, Mr. Liu Jing, Mr. Jin Song, Mr.             
    Liu Junmin and Mr. Tan Qinglian                                           
                                                                              
    The Board is also pleased to announce that with effect from 11            
    April 2005 immediately following the resignation of the above             
    Directors, (i) Mr. Xu Ruixin, Mr. Liu Jing and Mr. Jin Song have          
    been appointed as executive Directors; and (ii) Mr. Liu Junmin            
    and Mr. Tan Qinglian have been appointed as independent                   
    non-executive Directors. Mr. Xu Ruixin has also been appointed            
    as Honourable Chairman of the Board and Mr. Liu Jing has also             
    been appointed as the Chairman of the Board on the same date.             
                                                                              
    Mr. Xu Ruixin, aged 64, has been appointed as the Honourable              
    Chairman of the Board and an executive Director. Mr. Xu is                
    currently the Chairman of the China Association of Social Workers.        
    He was a Vice Minister of the Ministry of Civil Affairs of the            
    People's Republic of China and a member of the Ministry's Party           
    Organization Department.                                                  
                                                                              
    Mr. Liu Jing, aged 44, has been appointed as the Chairman of              
    the Board and an executive Director. Mr. Liu holds a Master degree        
    from the Chinese Academy of Social Sciences, and an EMBA degree           
    from the Peking University. He is currently the Chairman of the           
    Zhongmin group, Publisher of Public Welfare Newspaper (*), a member of the
    Communist Party Committee of the Ministry                                 
    of Civil Affairs of the People's Republic of China, and a Standing        
    Committee member of the China Association of Social Worker. Mr.           
    Liu has been working in the Ministry of Civil Affairs of the              
    People's Republic of China for 24 years, during which he held             
    duties in various departments, including the General Office,              
    the City Welfare Department,