09:30     JINHUI HOLDINGS<00137> - Announcement (2)                           

                                                                              
    Shareholders who wish to top-up or sell their holdings of odd lots of     
    the Subdivided Shares.                                                    
                                                                              
    The Agent, details of which will be provided in the circular to           
    Shareholders referred to below, will provide the service to match the     
    sale and purchase of odd lots of Subdivided Shares during the period      
    from Monday, 23 May 2005 to Monday, 27 June 2005, both days inclusive.    
    Shareholders of Subdivided Shares in odd lots who wish to take advantage  
    of this facility either to dispose of or top-up their odd lots to a       
    board lot of 1,000 Subdivided Shares may, directly or through their       
    brokers, contact the Agent during such period. Shareholders should note   
    that successful matching of the sale and purchase of odd lots of          
    Subdivided Shares is not guaranteed and will depend on there being        
    adequate amounts of odd lots of Subdivided Shares available for such      
    matching.                                                                 
                                                                              
    Shareholders are recommended to consult their professional advisers if    
    they are in any doubt about the matching facility described above.        
                                                                              
    TRADING ARRANGEMENTS FOR THE SUBDIVIDED SHARES                            
    Upon completion of the Share Subdivision, the arrangements proposed for   
    dealings in the Subdivided Shares are expected to be as follows:          
                                                                              
    (i)        Monday, 23 May 2005, the existing counter for trading in the   
    Shares in existing board lots of 200 Shares will be temporarily closed.   
    A temporary counter will be established for trading in the Subdivided     
    Shares in board lots of 2,000 Subdivided Shares. Share certificates for   
    the Subdivided Shares in the form of existing share certificates may      
    only be traded at the temporary counter;                                  
                                                                              
    (ii)        Monday, 6 June 2005, the existing counter for trading in the  
    Subdivided Shares in board lots of 1,000 Subdivided Shares will be        
    re-opened. Only new share certificates for the Subdivided Shares may be   
    traded at the existing counter;                                           
                                                                              
    (iii)        during the period from Monday, 6 June 2005 to Monday, 27     
    June 2005, both days inclusive, parallel trading will be permitted at     
    the existing and temporary counters mentioned in paragraphs (i) and (ii)  
    above; and                                                                
                                                                              
    (iv)        the temporary counter for trading in the Subdivided Shares    
    in board lots of 2,000 Subdivided Shares (in the form of existing share   
    certificates) will be removed after the close of trading on Monday, 27    
    June 2005.                                                                
                                                                              
    Shareholders should note that after Monday, 27 June 2005, trading will    
    be in board lots of 1,000 Subdivided Shares only and the existing share   
    certificates for the Shares will cease to be marketable and will not be   
    acceptable for dealing and settlement purposes. However, such share       
    certificates will continue to be good evidence of legal title.            
                                                                              
    Free EXCHANGE OF SHARE CERTIFICATES                                       
    All existing share certificates in respect of the Shares will be          
    accepted as valid documents of legal title and may be lodged with the     
    Company's share registrar in Hong Kong, Standard Registrars Limited at    
    Ground Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road,  
    Wanchai, Hong Kong in exchange for new share certificates for the         
    Subdivided Shares (on the basis of every one (1) Share for every ten      
    (10) Subdivided Shares) free of charge at the share registrar's office    
    during business hours from 9:00 a.m., Monday, 23 May 2005 up to and       
    including 4:00 p.m., Thursday, 30 June 2005, it is expected that new      
    share certificates for the Subdivided Shares will be available for        
    collection on or after the tenth (10th) business day from the date of     
    submission of existing share certificates for the Shares to the share     
    registrar for exchange. Thereafter, the existing share certificates for   
    the Shares may be exchanged for the new share certificates for the        
    Subdivided Shares at any time on payment of a prescribed fee.             
                                                                              
    EXPECTED TIMETABLE                                                        
    The expected timetable for the Share Subdivision is as follows:           
                                                                              
    Year 2005                                                                 
                                                                              
    Latest time for lodging forms of proxy for the EGM                        
                                            9:30 a.m. on Wednesday, 18 May    
                                                                              
    EGM        9:30 a.m. on Friday, 20 May                                    
                                                                              
    Effective date of Share Subdivision        Monday, 23 May                 
                                                                              
    Dealing in Subdivided Shares commences      9:30 a.m. on Monday, 23 May   
                                                                              
    Existing counter for trading in Shares in existing board lots of 200      
    Shares temporarily closes        9:30 a.m. on Monday, 23 May