09:44     BEAUFORTE INV<00021> - Announcement (1)                             

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement.               
                                                                              
    BEAUFORTE INVESTORS CORPORATION LIMITED                                   
    (incorporated in Hong Kong with limited liability)                        
    (Stock code: 21)                                                          
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    ACQUISITION OF 80% INTEREST IN A PRC COMPANY                              
                                                                              
                                                                              
    On 12 April 2005, Ocean Pearl, a wholly owned subsidiary of the           
    Company, entered into a Share Transfer Agreement with Shenzhen            
    Dongrun to acquire 80% interest in Daoqin Hospital Management. The        
    consideration for the Acquisition was RMB32 million (equivalent to        
    HK$30.2 million).                                                         
                                                                              
    Since the applicable tests are more than 5% but less than 25%, the        
    Acquisition constitutes a discloseable transaction for the Company        
    under Chapter 14 of the Listing Rules. A circular containing further      
    information on the Acquisition and the Group will be despatched to        
    the shareholders of the Company as soon as practicable.                   
                                                                              
                                                                              
    1.                                                                        
    SHARE TRANSFER AGREEMENT                                                  
    Date                                                                      
    12 April 2005                                                             
    Parties                                                                   
    Transferor           :                     (Shenzhen Dongrun              
                                              Investment Company              
                                              Limited), an                    
                                              investment holding              
                                              company                         
                                              incorporated in the             
                                              PRC with limited                
                                              liability                       
                                              To the best of the              
                                              Directors'                      
                                              knowledge,                      
                                              information and                 
                                              belief having made              
                                              all reasonable                  
                                              enquiries, Shenzhen             
                                              Dongrun and its                 
                                              ultimate beneficial             
                                              owners are                      
                                              Independent Third               
                                              Parties.                        
    Transferee           :                    Ocean Pearl                     
                                              Investments                     
                                              Limited, an                     
                                              investment holding              
                                              company                         
                                              incorporated in the             
                                              British Virgin                  
                                              Islands and a                   
                                              wholly owned                    
                                              subsidiary of the               
                                              Company                         
                                                                              
                                                                              
                                                                              
    Consideration                                                             
    Pursuant to the Share Transfer Agreement, Ocean Pearl has agreed to       
    acquire 80% interest in Daoqin Hospital Management at a consideration     
    of RMB32 million (equivalent to HK$30.2 million) from Shenzhen            
    Dongrun.                                                                  
                                                                              
    The consideration has been determined after arm's length                  
    negotiations and is equal to the original capital amount contributed      
    by Shenzhen Dongrun to Daoqin Hospital Management in June 2004. The       
    consideration of RMB32 million (equivalent to HK$30.2 million)            
    represents a premium of approximately 2% to the net assets of Daoqin      
    Hospital Management as at 31 December 2004 attributable to 80%            
    interest of Daoqin Hospital Management, being RMB31.4 million             
    (equivalent to HK$29.6 million). The book value of the assets of          
    Daoqin Hospital Management is stated in the paragraph headed              
    `Financial information' below.                                            
                                                                              
    Payment terms and source of funding                                       
    Pursuant to the Share Transfer Agreement, the consideration shall be      
    paid to Shenzhen Dongrun by Ocean Pearl in accordance with the            
    following schedule:                                                       
                                                                              
    (1)                                                                       
    an amount of RMB1.6 million (equivalent to HK$1.5 million),               
    representing 5% of the total consideration, shall be paid within 10       
    days from the date of execution of the Share Transfer Agreement;