10:03     <04886>, <04887>, <04888>, <04889> & <04890> - Ann. (3)             

    English version and the Chinese translation), any addenda or successor    
    document to the Base Listing Document (both the English version and the   
    Chinese translation) and the latest publicly available annual report      
    and interim report (if any) of the Issuer. The Supplemental Listing       
    Documents to be dated on or about 4th May, 2005 (both the English         
    version and the Chinese translation) will be available for inspection     
    until the relevant Expiry Date. These documents will be available for     
    inspection at the office of European Asian Bank (Hong Kong) Nominees      
    Limited, which is presently at 55/F, Cheung Kong Center, 2 Queen's Road   
    Central, Hong Kong.                                                       
                                                                              
    Before purchasing the Warrants you should ensure that you fully           
    understand their potential risks and rewards and independently            
    determine that they are appropriate for you given your objectives,        
    experience, financial and operational resources and other relevant        
    circumstances. You should consult with such advisers as you deem          
    necessary to assist you in making these determinations.                   
                                                                              
    Investors are warned that the price of the Warrants may fall in value     
    as rapidly as it may rise and holders may sustain a total loss of their   
    investment. Prospective purchasers should therefore ensure that they      
    understand the nature of the Warrants and carefully study the risk        
    factors set out in the Base Listing Document and the relevant             
    Supplemental Listing Document and, where necessary, seek professional     
    advice before they invest in the Warrants.                                
                                                                              
    The Issuer acting through its appointed liquidity provider may be the     
    only market participant in the Warrants and the secondary market for      
    the Warrants may be limited. The Issuer has appointed Deutsche            
    Securities Asia Limited (Broker ID Number: 9533, Tel: (852) 2203 6116,    
    Address: 55/F, Cheung Kong Center, 2 Queen's Road Central, Hong Kong)     
    as its liquidity provider. The liquidity provider will provide            
    liquidity by responding to requests for bid and offer quotes. A quote     
    may be obtained by calling the above telephone number.                    
                                                                              
    In the secondary market, the Issuer or any of its affiliates may from     
    time to time implement promotion programmes with a selected number of     
    brokers or banks within a selected period of time. Under such             
    programmes, retail investors may be offered a partial or total            
    commission rebate or other forms of incentives in connection with         
    certain warrants issued by the Issuer.                                    
                                                                              
    Hong Kong, 28th April, 2005