10:49     INTERCHINA HOLD<00202> - Announcement (5)                           

    Special Administrative Region of the PRC and Taiwan                       
                                                                              
    "PRC Party"     the People's Government of Zhuozhou, Hebei Province       
    (*), which together with its ultimate                                     
    beneficial owners, are to the best of the Directors' knowledge,           
    information and belief having made all reasonable enquiry, third          
    parties independent of the Group and connected persons (as                
    defined under the Listing Rules) of the Group and which is not            
    related to the counter-parties to the proposed acquisition of             
    a sewage treatment plant in Shanghai, the PRC (the details of             
    which were set out in the announcement of the Company dated 13            
    April 2005)                                                               
                                                                              
    "Sewage Treatment       the project to finance, design, construct,        
    own, manage, maintain and                                                 
      Plants Project"       operate two sewage treatment plants in            
    Zhuozhou, Hebei Province, the PRC, pursuant to the Co-operation           
    Agreement                                                                 
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "WFOE"  the wholly foreign-owned enterprise to be established by          
    the Group in the PRC to develop the Sewage Treatment Plants               
    Project                                                                   
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong Kong               
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    By order of the Board                                                     
    INTERCHINA HOLDINGS COMPANY LIMITED                                       
    Lam Cheung Shing, Richard                                                 
    Director and Company Secretary                                            
                                                                              
    For the purpose of this announcement, the conversion rate of              
    RMB shall be HK$1.00 = RMB1.06                                            
                                                                              
    Hong Kong, 11 May 2005