08:36     Last Sale Prices of Hong Kong Stocks in US                          

                                                                              
    Last sale prices (per share) of Hong Kong stocks in US on                 
    12 May 2005 are as follows:                                               
    (Source: NYSE website www.nyse.com, NASDAQ website www.nasdaq.com,        
     for reference only)                                                      
                                                                              
                                              HK$ Equivalent                  
                             US$        (@7.80 rounded to 4 decimal places)   
                          ---------     -----------------------------------   
    APT SATELLITE          0.17                 1.3260                        
    ASIA SATELLITE         1.801               14.0478                        
    BRILLIANCE CHI         0.1645               1.2831                        
    CHALCO                 0.5132               4.0030                        
    CHINA EAST AIR         0.1835               1.4313                        
    CHINA LIFE             0.66575              5.1929                        
    CHINA MOBILE           3.478               27.1284                        
    CHINA SOUTH AIR        0.3366               2.6255                        
    CHINA TELECOM          0.3345               2.6091                        
    CHINA UNICOM           0.783                6.1074                        
    CITY TELECOM           0.1165               0.9087                        
    CNOOC                  0.5368               4.1870                        
    GUANGSHEN RAIL         0.3498               2.7284                        
    HUANENG POWER          0.72625              5.6648                        
    HUTCH TELECOM          0.933333             7.2800                        
    I-CABLE COMM           N/A                  N/A                           
    JILIN CHEMICAL         0.2145               1.6731                        
    PCCW                   0.601                4.6878                        
    PETROCHINA             0.6084               4.7455                        
    SHANGHAI PECHEM        0.3696               2.8829                        
    SINOPEC CORP           0.3894               3.0373                        
    SMIC                   0.1952               1.5226                        
    SUNDAY COMM            0.0571               0.4454                        
    TOM ONLINE             0.146                1.1388                        
    YANZHOU COAL           1.3134              10.2445