10:35     <00275> & <00235>-Joint Ann. & <00235> Resumed (5)                  

    (The details of the group and shareholding structure                      
    of China Strategic and GDI immediately after the implementation of the    
    China Strategic Group Reorganisation (assuming no other changes since     
    then), please refer to the press announcement today.)                     
                                                                              
    Financial information of the China Strategic Group                        
                                                                              
    The following information is extracted from China Strategic's audited     
    consolidated income statements for the two years ended 31st December,     
    2002 and 2003 and the unaudited condensed consolidated income             
    statement for the six months ended 30th June, 2004:                       
                                                                              
            For the                                                           
            six months                 For the year                           
            ended 30th                ended 31st December,                    
            June, 2004                2003                2002                
            HK$'000                HK$'000                HK$'000             
                                                                              
    Turnover        106,571                2,884,493                          
    3,601,735                                                                 
    (Loss)/profit from operations        (64,308        )        94,111       
    (527,705        )                                                         
    Finance costs        (9,298        )        (50,712        )              
    (109,460        )                                                         
    (Loss)/gain on disposal/dilution                                          
      of interests in subsidiaries        (5,266        )        12,344       
    64,193                                                                    
    Gain/(loss) on disposal/liquidation                                       
      of interests in associates        27,881                (36,481         
    )        14,980                                                           
    Share of results of associates        (29,060        )        (175,734    
    )        (137,574        )                                                
    Allowance on receivables                                                  
      advanced to an associate        -                 (12,712        )      
    -                                                                         
    Loss before taxation        (80,051        )        (169,184        )     
    (695,566        )                                                         
    Taxation        (761        )        (10,935        )        (12,250      
    )                                                                         
    Minority interests        (13,734        )        (9,409        )         
    233,682                                                                   
    Net loss for the year        (94,546        )        (189,528        )    
    (474,134        )                                                         
    Loss per China Strategic Share                                            
      - Basic        HK$(0.108        )        HK$(0.23        )              
    HK$(0.76        )                                                         
                                                                              
    The following information is extracted from the audited consolidated      
    balance sheet of China Strategic as at 31st December, 2003 and the        
    unaudited consolidated balance sheet of China Strategic as at 30th        
    June, 2004:                                                               
                                                                              
            30th June, 2004                31st December, 2003                
            HK$'000                HK$'000                                    
                                                                              
    Non-current assets:                                                       
    Property, plant and equipment        35,936                43,156         
    Goodwill        21,960                9,325                               
    Interests in associates        614,841                823,147             
    Receivables - due after one year        183,345                31,286     
    Investments in securities        167,024                217,683           
    Deposit paid for acquisition of a property        46,685                  
    -                                                                         
                                                                              
            1,069,791                1,124,597                                
                                                                              
    Current assets        917,471                1,064,647                    
    Current liabilities        (286,514        )        (161,090        )     
                                                                              
                                                                              
    Net current assets        630,957                903,557                  
                                                                              
    Minority interests        (262,535        )        (250,160        )      
                                                                              
    Non-current liabilities        -                 (244,614        )