09:48     INTERCHINA HOLD<00202> - Announcement (3)                           

    On the basis of the corresponding share of the unaudited                  
    consolidated net asset value of Money Capture as at                       
    31 March 2005 attributable to the disposed interest in Money              
    Capture pursuant to the Disposal Agreement, it is estimated that,         
    upon Completion, the Group will record a net gain, less all               
    related expenses, of approximately HK$200,000, subject to audit           
    adjustment (if any).                                                      
                                                                              
    USE OF PROCEEDS                                                           
                                                                              
    The net proceeds of approximately HK$137,000,000 from the                 
    Disposal will be used as general working capital of the Group.            
                                                                              
    GENERAL                                                                   
                                                                              
    The Disposal constitutes a discloseable transaction of the                
    Company under the Listing Rules. A circular containing, among             
    other matters, details of the Disposal and information of the             
    Group will be dispatched to the Shareholders within 21 days after         
    the date of this announcement.                                            
                                                                              
    As at the date of this announcement, the executive Directors              
    are Mr. Zhang Yang, Mr. Chan Wing Yuen, Hubert and Mr. Lam Cheung         
    Shing, Richard, the non-executive Director is Mr. Hui Ho Ming,            
    Herbert, the independent non-executive Directors are Mr. Lee              
    Peng Fei, Allen, Mr. Wu Wai Chung, Michael, Mr. Wong Hon Sum              
    and Ms. Ha Ping.                                                          
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, the following expressions shall, unless             
    the context requires otherwise, have the following meanings:              
                                                                              
    "Company"       Interchina Holdings Company Limited, a company            
    incorporated in Hong Kong with limited liability, the shares              
    of which are listed on the Stock Exchange                                 
                                                                              
    "Completion"    completion of the Disposal in accordance with the         
    terms of the Disposal Agreement                                           
                                                                              
    "Directors"     the directors of the Company                              
                                                                              
    "Disposal"      the disposal of 60% interests in Money Capture            
    pursuant to the Disposal Agreement                                        
                                                                              
    "Disposal     the agreement dated 23 April 2005 entered into between the  
      Agreement"    Company and the Purchaser                                 
                                                                              
    "Equal Smart"   Equal Smart Profits Limited, a company                    
    incorporated in the British Virgin Islands and a wholly-owned             
    subsidiary of Money Capture                                               
                                                                              
    "Group" the Company and its subsidiaries                                  
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the PRC    
                                                                              
    "Listing Rules" the Rules Governing the Listing of Securities             
    on the Stock Exchange                                                     
                                                                              
    "Money Capture" Money Capture Investments Limited, a company              
    incorporated in the British Virgin Islands and was a wholly-owned         
    subsidiary of the Company immediately prior to Completion                 
                                                                              
    "Money Capture  Money Capture and its subsidiaries                        
      Group"                                                                  
                                                                              
    "Property"      the second basement, the first basement, the first        
    floor and second floor of No. 1546 Dalian Road, Yangpu District,          
    Shanghai, the PRC (*)