10:26     CHINA HAIDIAN<00256> - Announcement (5)                             

    27 April 2005 between the Company and Citychamp relating                  
    to the formation of Dartong                                               
                                                                              
    "Board" the board of the Directors                                        
                                                                              
    "Citychamp"     *(Citychamp Dartong Company Limited),                     
    the shares of which are listed on the Shanghai Stock Exchange             
    in the PRC                                                                
                                                                              
    "Citychamp Group"       Citychamp and its subsidiaries                    
                                                                              
    "Company"       China Haidian Holdings Limited, a company                 
    incorporated in the Cayman Islands with limited                           
    liability and the shares of which are listed on the                       
    Stock Exchange                                                            
                                                                              
    "connected person"      has the meaning ascribed thereto                  
    in the Listing Rules and the word "connected" shall                       
    be construed accordingly                                                  
                                                                              
    "Dartong"       *(Fuzhou Dartong M&E Co., Ltd.), a                        
    sino-foreign equity joint venture to be                                   
    established in the PRC pursuant to the Agreement                          
                                                                              
    "Director(s)"   the director(s) of the Company                            
                                                                              
    "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                                          
                                                                              
    "PRC"   The People's Republic of China                                    
                                                                              
    "Share(s)"      the ordinary share(s) of HK$0.10 each in                  
    the issued share capital of the Company                                   
                                                                              
    "Shareholder(s)"        holder(s) of the Share(s)                         
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC, and                     
    the exchange rate for RMB into HK$ for the purpose                        
    of this announcement is RMB1.06 = HK$1.00                                 
                                                                              
    "HK$"   Hong Kong dollar(s), the lawful currency of Hong Kong             
                                                                              
    "%"     per cent                                                          
                                                                              
    As at the date of this announcement, the Board comprises                  
    Mr. Hon Kwok Lung, Mr. Wang Shaolan, Mr. Shang Jian Guang,                
    Mr. Shi Tao and Mr. Lam Toi Man as the executive Directors,               
    Ms. Sit Lai Hei as the non-executive Director, and                        
    Mr. Fung Tze Wa, Dr. Kwong Chun Wai, Michael and                          
    Mr. Li Qiang as the independent non-executive Directors.                  
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    China Haidian Holdings Limited                                            
    Hon Kwok Lung                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 28 April 2005                                                  
                                                                              
    * For the Chinese Name, please refer to press announcement today.