09:14     CHINA TREASURE<00810> - Announcement & Resumption (1)               

    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 however arising from or in                        
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    China Treasure                                                            
    (Greater China) Investments Limited                                       
                                                                              
    (incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 810)                                                         
                                                                              
    PLACING OF NEW SHARES UNDER GENERAL MANDATE                               
                                                                              
    On 29 April 2005, the Company entered into the Placing                    
    Agreement with the Placing Agent whereby the Company                      
    conditionally agreed to place, through the Placing                        
    Agent on a best effort basis, an aggregate of                             
    20,600,000 new Shares at the issue price of HK$0.13                       
    per Placing Share.                                                        
                                                                              
    The Placing Shares represent approximately 20% of the                     
    existing issued share capital of the Company and                          
    approximately 16.67% of the enlarged issued share                         
    capital of the Company immediately after the Placing.                     
                                                                              
    Assuming all the Placing Shares are subscribed by and                     
    allotted to the Placees, the gross proceeds from the                      
    Placing will be approximately HK$2.68 million. The                        
    net proceeds of approximately HK$2.56 million from                        
    the Placing (after deducting the expenses) will be                        
    used for general working capital purpose and future                       
    investments.                                                              
                                                                              
    The Placing is conditional upon, amongst other things,                    
    the Stock Exchange granting listing of and permission                     
    to deal in the Placing Shares.                                            
                                                                              
    At the request of the Company, trading of the Shares                      
    on the Stock Exchange have been suspended from 9:30                       
    a.m. on Tuesday, 3 May 2005 pending the release of                        
    this announcement. An application has been made to                        
    the Stock Exchange for the resumption of trading of                       
    the Shares with effect from 9:30 a.m. on Wednesday,                       
    4 May 2005.                                                               
                                                                              
    As the Placing may or may not be consummated,                             
    investors should exercise caution when dealing in the                     
    shares of the Company.                                                    
                                                                              
    PLACING AGREEMENT                                                         
    Date    29 April 2005                                                     
                                                                              
    Issuer  the Company                                                       
                                                                              
    Placing Agent   First Shanghai Securities Limited, an                     
    independent third party and not a connected person                        
    of the Company (as defined in the Listing Rules) and                      
    a wholly-owned subsidiary of First Shanghai                               
    Investments Limited (Stock Code: 227)                                     
                                                                              
    Placees It is expected that the Placing Shares will                       
    be placed to not less than six independent                                
    professional, institutional, corporate or individual                      
    investors. All Placees and their respective ultimate                      
    beneficial owners will be independent third parties                       
    and not connected persons of the Company (as defined                      
    in the Listing Rules). It is expected that no Placee                      
    will become a substantial shareholder of the Company                      
    as a result of the Placing