09:45     CHI FIN IND INV<01227> - Announcement (2)                           

    POSTPONEMENT OF BOARD MEETING                                             
                                                                              
    The date of the board meeting of the Company (the                         
    "Board Meeting") will be postponed from 27 April 2005                     
    to a date not later than 13 May 2005. The exact date                      
    of Board Meeting will be notified to The Stock                            
    Exchange of Hong Kong Limited (the "Stock Exchange")                      
    and the Shareholders in accordance with the Rules                         
    Governing the Listing of Securities on the Stock                          
    Exchange (the "Listing Rules").                                           
                                                                              
    Pursuant to the Listing Rules, the publication of annual                  
    results announcement and dispatch of annual report of the                 
    Company for the year ended 31 December 2004 including its                 
    audited annual accounts has to take place not more than                   
    four months after the date upon which the financial year                  
    was ended, that is, 30 April, 2005.                                       
                                                                              
    The delay in the publication of annual results                            
    announcement and dispatch of the annual report for                        
    the year ended 31 December 2004 thereby constitutes                       
    a breach of Rules 13.49(1) & 13.46(2) of the Listing                      
    Rules. In this regard, the Stock Exchange has                             
    indicated that it reserves the right to take                              
    appropriate action against the Company and/or the                         
    directors of the Company (the "Directors").                               
                                                                              
    Each Director of the Company confirms that he has not                     
    dealt in any shares of the Company since one month                        
    before the date of this announcement and has                              
    undertaken not to do so until the results for the year                    
    ended 31 December 2004 are published.                                     
                                                                              
    The Company will request suspension in the trading                        
    in the shares of the Company with effect from 9:30                        
    a.m. on 29 April 2005 until publication of an                             
    announcement in relation to its results for the year                      
    ended 31 December 2004.                                                   
                                                                              
                                                                              
                                                                              
    By Order of the Board                                                     
    China Financial Industry Investment Fund Limited                          
    Li Sze Tang                                                               
    Chairman                                                                  
    Hong Kong, 27 April 2005                                                  
                                                                              
    As at the date hereof, the executive directors of the                     
    Company are Mr. Li Sze Tang, Mr. Wu Tse Wai, Frederick                    
    and Mr. Tam Wai Keung, Billy. The independent                             
    non-executive directors of the Company are Mr. Chow                       
    Wan Hoi, Paul, Mr. Hui Wing Sang, Wilson and Mr. Tang                     
    King Fai, Kelvin.