09:52 SHANGHAI QINGPU<08115> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Shanghai Qingpu Fire-Fighting Equipment Co., Ltd.* (a joint stock limited company incorporated in the People's Republic of China) (Stock code: 8115) FURTHER DELAY IN ANNOUNCEMENT OF ANNUAL RESULTS AND DESPATCH OF ANNUAL REPORT AND FURTHER DELAY IN PUBLICATION OF ANNOUNCEMENT The Board wishes to inform the Shareholders that there will be a further delay in announcement of the Annual Results and despatch of the Annual Report. It is expected the Annual Results will be announced and the Annual Report will be despatched to the Shareholders on or before 30 May 2005. The New Auditors require additional time to address all the issues and concerns raised in the letter from the Auditors dated 11 March 2005, in particular, in relation to the agreements entered into between the Company and (Shanghai High Pressure Container Co., Ltd.) and the agreement entered into between the Company and (Shanghai Hua Dong Machinery United Sales Co., Ltd.). Additional time is also required by the New Auditors and the Company to finalise the information in relation to the Transactions in the Annual Report and obtain certain material confirmations from customers and suppliers of the Company. The delay in announcement of the Annual Results and despatch of the Annual Report constitutes a breach of Rule 18.48A of the GEM Listing Rules. In this regard, the Stock Exchange has indicated that it reserves the rights to take appropriate actions against the Company and/or the Directors. The Board also wishes to inform the Shareholders that there will be a further delay in publication of the announcement in relation to the Transactions. The date of publication of the announcement in relation to the Transactions is expected to be on or before 30 May 2005. At the request of the Company, trading in the Shares has been suspended from 9:30 a.m. on 31 March 2005. By order of the Board Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. Jiang Zi Qiang Chairman Hong Kong, 29 April 2005 As at the date of this announcement, the executive Directors are Mr. Jiang Zi Qiang, Mr. Wang Liang Fa and Mr. Sun Hau Jie, the non-executive Directors are Mr. Wang Zhi Yu, Mr. Jiang Zhou, Mr. Wu Tian Xin, Mr. Zhao Shu Guang, Mr. Chen Zhen Qiang and Mr. Zhou Wen Jie and the independent non-executive Directors are Mr. Li Long Ling, Mr. Chen Wen Gui, Mr. Yang Chun Bao and Mr. Wang Guo Zhong. This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Group. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. The above announcement is a summary only. For the full version of this announcement, please refer to the "Latest Company Announcements" page on the GEM website of www.hkgem.com.