09:53     EGANAGOLDPFEIL<00048> - Announcement (4)                            

                                   First Subscription Agreements              
    `Tranche 3 Bonds'              Convertible bonds due 2006                 
                                   with an aggregate amount of                
                                   up to US$10,000,000 which are              
                                   to be issued by the Company                
                                   to CSFB pursuant to an option              
                                   granted by the Company to                  
                                   CSFB under the Second                      
                                   Subscription                               
                                   Agreement                                  
                                                                              
    As at the date of this announcement, the Board comprises Mr.              
    Hans-Joerg SEEBERGER, Mr. Peter Ka Yue LEE, Mr. Michael Richard POIX,     
    Mr. Ho Yin CHIK and Mr. David Wai Kwong WONG as executive directors,      
    and Professor Udo GLITTENBERG, Dr. Goetz Reiner WESTERMEYER and Mr.       
    Andy Yick Man NG as independent non-executive directors.                  
                                                                              
                                                                              
    By Order of the Board                                                     
    David Wai Kwong WONG                                                      
    Company Secretary                                                         
                                                                              
    Hong Kong, 10th May, 2005