10:03     CHINA AEROSPACE<00031> - Announcement & Resumption (4)              

    "Listing Rules"  means the Rules Governing the Listing of Securities on   
    The Stock Exchange of Hong Kong Limited;                                  
                                                                              
    "Memorandum of Agreement"  means the memorandum of agreement dated 4      
    May 2005 relating to the Property entered into between the Vendor and     
    the Purchaser;                                                            
                                                                              
    "Property"  means the entire building erected on Subsection 1 of          
    Section O of Kowloon Marine Lot No.40 now known as Conic Investment       
    Building save and except for the Excluded Car Parking Spaces which are    
    not owned by the Vendor;                                                  
                                                                              
    "Purchaser"  means Global Coin Limited, a company incorporated under      
    the Laws of Hong Kong, an Independent Third Party;                        
                                                                              
    "Shareholders"  means the shareholders of the Company;                    
                                                                              
    "Stock Exchange"  means The Stock Exchange of Hong Kong Limited; and      
                                                                              
    "Vendor"  means Well Horn Company Limited, a wholly-owned subsidiary of   
    the Company.                                                              
                                                                              
    Made by the order of the Board, the Directors of which individually and   
    jointly accept responsibility for the accuracy of this statement.         
                                                                              
      By order of the Board                                                   
      Rui Xiaowu                                                              
       Chairman                                                               
                                                                              
    Hong Kong, 9 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board comprises Mr. Rui Xiaowu   
    (Chairman), Mr. Zhao Liqiang, Mr. Zhou Qingquan, Mr. Zhao Yuanchang,      
    Mr. Wu Hongju and Mr. Guo Xianpeng as Executive Directors, Mr. Li         
    Jinsheng, Mr. Xu Shilong and Mr. Chen Dingyi and Ms. Chan Ching Har,      
    Eliza as Non-Executive Directors, Mr. Lee Hung Sang, Mr. Chow Chan Lum,   
    Charles and Mr. Luo Zhenbang as Independent Non-Executive Directors.