09:15     CHINA TREASURE<00810> - Announcement & Resumption (4)               

    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.                                                               
                                                                              
    DEFINITIONS                                                               
    In this announcement, unless the context otherwise                        
    requires, the following terms have the meanings set                       
    opposite to them below:                                                   
                                                                              
    "Closing Date"  the 4th business days after the                           
    fulfilment of the Conditions                                              
                                                                              
    "Company"       China Treasure (Greater China)                            
    Investments Limited, a company incorporated in Cayman                     
    Islands with limited liability, the ordinary shares                       
    of which are listed on the Main Board of the Stock                        
    Exchange                                                                  
                                                                              
    "Conditions"    the conditions to be satisfied prior                      
    to completion of the Placing, as stated above under                       
    the heading "Conditions"                                                  
                                                                              
    "Director"      director of the Company                                   
                                                                              
    "Listing Rules" Rules Governing the Listing of                            
    Securities on the Stock Exchange of Hong Kong Limited                     
                                                                              
    "Placee"        any professional institutional or other                   
    investor procured by the Placing Agent to purchase                        
    any of the Placing Shares pursuant to the Placing                         
    Agent's obligations under the Placing Agreement                           
                                                                              
    "Placing"       the placing of the Placing Shares pursuant                
    to the Placing Agreement                                                  
                                                                              
    "Placing Agent" First Shanghai Securities Limited,                        
    a deemed licensed corporation to carry on regulated                       
    activities types 1, 4, 6, 7 and 9 (dealing in                             
    securities, advising on securities, advising on                           
    corporate finance, providing automated trading                            
    services and asset management) under the Securities                       
    and Futures Ordinance, Chapter 571 of the Laws of Hong                    
    Kong                                                                      
                                                                              
    "Placing Agreement"     the conditional placing                           
    agreement dated 29 April 2005 between the Company and                     
    the Placing Agent in relation to the Placing                              
                                                                              
    "Placing Shares"        20,600,000 new Shares to be placed                
    pursuant to the Placing Agreement                                         
                                                                              
    "SFC"   Securities and Futures Commission of Hong Kong                    
                                                                              
    "Shares"        fully paid ordinary shares of HK$0.10 each                
    in the share capital of the Company                                       
                                                                              
    "Shareholders"  shareholders of the Company                               
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong                   
    Limited                                                                   
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong; and                                                                 
                                                                              
    "%"     per cent.                                                         
                                                                              
    By Order of the Board                                                     
    Ma Kam Fook, Robert                                                       
    Executive Director                                                        
                                                                              
    Hong Kong, 3 May 2005