10:42     E-LIFE INT'L<00370> - Announcement                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    E-LIFE INTERNATIONAL LIMITED                                              
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 0370)                                                        
                                                                              
    Clarification Announcement                                                
                                                                              
    The Board would like to clarify that the allegations in the local         
    newspapers' articles published on 12 May 2005 alleging that the price of  
    the Shares dropped drastically on 11 May 2005 mainly due to dumping by    
    chargee of the Shares charged by Mr. Wang, controlling shareholder of     
    the Company, are inaccurate.                                              
                                                                              
    The board (the "Board") of directors (the "Directors") hereby makes this  
    clarification announcement in response to the local newspapers' articles  
    published on 12 May 2005 alleging that the price of the shares of E-LIFE  
    International Limited (the "Company") dropped drastically on 11 May 2005  
    mainly due to dumping by chargee of large number of the shares (the       
    "Shares") of the Company charged by its controlling shareholder, Mr.      
    Wang Jian Hua ("Mr. Wang"), the chairman of the Company, on that day.     
                                                                              
    Mr. Wang holds his Shares through his wholly-owned subsidiary, Best       
    Chance Holdings Limited ("Best Chance"). Best Chance did charge its       
    2,113,872,000 Shares, representing approximately 40.75% of the            
    shareholding of the Company, to Kingston Finance Limited. However,        
    Kingston Finance Limited has confirmed to the Company that it did not     
    dispose of any of the 2,113,872,000 Shares charged to it by Best Chance   
    on 11 May 2005. Accordingly, the said allegations in the local            
    newspapers' articles published on 12 May 2005 are inaccurate.             
                                                                              
    We have noted the increase in the trading price and trading volume of     
    the Shares on 12 May 2005 and wish to state that we are not aware of any  
    reasons for such increase in the trading price and trading volume.        
                                                                              
    Save for the proposed very substantial acquisition of Shanxi Changxing    
    Yuci Coking Co., Ltd. announced on 4 February 2005 and the intended       
    acquisition of Gu Jiao Yi Yi Mei Jiao Company Limited announced on 14     
    July 2004, we also confirm that there are no negotiations or agreements   
    relating to intended acquisitions or realisations that are discloseable   
    under Listing Rule 13.23, neither are the Board aware of any matter       
    discloseable under the general obligation imposed by Listing Rule 13.09,  
    which is or may be of a price sensitive nature.                           
                                                                              
    Made by the order of the Board of the Company, the directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    By Order of the Board                                                     
    E-LIFE International Limited                                              
    Wang Jian Hua                                                             
    Chairman                                                                  
    Hong Kong, 12 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises eight executive  
    Directors, namely Mr. Wang Jian Hua, Mr. Ng Tang, David, Mr. Pak Chung,   
    Mr. Ren Zheng, Ms. Ma Jun Li, Ms. Cheung Hoi Ping, Mr. Wang Da Yong, Mr.  
    Zhang Jun and three independent non-executive Directors, namely Ms.       
    Chung Kwo Ling, Mr. Sun Yeung Yeung and Mr. Lee Yuen Kwong.