10:16     CHINA RICH HOLD<01191> - Announcement (4)                           

      for the Consolidated Shares                                             
    Friday, 22nd July                                                         
                                                                              
    Notes:                                                                    
                                                                              
    1.   The Capital Reorganization is conditional upon the conditions set    
    out in the Announcement having been fulfilled. It is expected that the    
    Capital Reorganization will become effective on Friday, 13th May, 2005.   
                                                                              
    2.   The Share Consolidation is conditional upon, inter alia, (i) the     
    Listing Committee of the Stock Exchange granting the listing of, and      
    permission to deal in, the Consolidated Shares; and (ii) the Capital      
    Reorganization having become effective. It is expected that the Share     
    Consolidation will become effective on Monday, 13th June, 2005.           
                                                                              
    GENERAL MANDATE TO ISSUE CONSOLIDATED SHARES                              
                                                                              
    As stated in the Announcement, it will be proposed at the SGM to grant a  
    general mandate to issue up to 451,333,239 Reorganized Shares to the      
    Directors. Following completion of the Share Consolidation, such general  
    mandate will not be exercisable technically. The proposed general         
    mandate will be amended to allow the Directors to issue up to 90,266,647  
    Consolidated Shares, instead of 451,333,239 Reorganized Shares ("New      
    Mandate").                                                                
                                                                              
    The New Mandate, if granted, will expire at the earliest of: (a) the      
    conclusion of the next annual general meeting of the Company; or (b) the  
    end of the period within which the Company is required by its bye-laws    
    or the Companies Act 1981 of Bermuda to hold its next annual general      
    meeting; or (c) when revoked or varied by an ordinary resolution of the   
    Shareholders at a general meeting.                                        
                                                                              
    GENERAL                                                                   
                                                                              
    Details of the Share Consolidation will be included in the circular       
    containing, among other things, details of the Capital Reorganization     
    and the grant of the New Mandate together with a notice convening the     
    SGM to be despatched to the Shareholders on Monday, 18th April 2005.      
                                                                              
    At the date of this announcement, (a) the executive Directors are         
    Mr YIP Kwong, Mr DAI Zhong Cheng and Mr KAM Shing; and                    
    (b) the independent non-executive Directors are Dr LAU Lap Ping,          
    Dr WONG King Keung, Peter and Mr SIU Edmund.                              
                                                                              
                                                                              
    By order of the board                                                     
    China Rich Holdings Limited                                               
    YIP Kwong                                                                 
    Chairman                                                                  
                                                                              
    Hong Kong, 15th April 2005                                                
                                                                              
    *  For identification purpose only