09:35     CH CONSERVATION<00290> - Announcement & Resumption (8)              

    allotted and issued by CSCP upon the exercise of the New Option           
                                                                              
    "PRC"   The People's Republic of China, for the purpose of this           
    announcement only, excludes Hong Kong, Taiwan and Macau Special           
    Administrative Region                                                     
                                                                              
    "Preference Shares"   the convertible preference shares to be issued by   
    CSCP pursuant to the S&P Agreement                                        
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "S&P Agreement"   the sale and purchase agreement dated 7 April 2005      
    entered into between the Company and CSCP, pursuant to which, inter       
    alia, the Company agreed to sell and CSCP agreed to purchase, or procure  
    the purchase of the Sale Share and the Sale Loan                          
                                                                              
    "Sale Loan"   the amount due from HTH to the Company as at the date of    
    Completion                                                                
                                                                              
    "Sale Loan Consideration"   an amount equivalent to the Sale Loan and     
    shall not exceed HK$76 million                                            
                                                                              
    "Sale Shares"   2 shares in the capital of HTH, representing the entire   
    issued share capital of HTH                                               
                                                                              
    "Sale Shares Consideration"   an amount equivalent to the difference      
    between HK$76 million and the Sale Loan Consideration, provided that in   
    the event the Sale Loan is equivalent to or greater than HK$76 million,   
    the amount of HK$1                                                        
                                                                              
    "Shares"   shares in the issued share capital of the Company              
                                                                              
    "Shareholder(s)"   holder(s) of Shares                                    
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Supplemental Agreement"   the supplemental agreement dated 8 April 2005  
    entered into between the Company and CSCP in respect of the S&P Agreement 
                                                                              
    "Target Equity Interest"   the entire equity interest of the JV Company   
    legally and beneficially owned by the Company (being not less than 51%    
    thereof) as at the date of the S&P Agreement and at Completion            
                                                                              
    %   per cent.                                                             
                                                                              
    For the purpose of this announcement, all amounts in RMB are translated   
    into HK$ at an exchange rate of RMB1.0638:HK$1                            
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    Chan Tat Chee                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 12 April 2005                                                  
                                                                              
    *  For identification purpose only