08:34     Last Sale Prices of Hong Kong Stocks in US                          

                                                                              
    Last sale prices (per share) of Hong Kong stocks in US on                 
    19 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          0.16125              1.2578                        
    ASIA SATELLITE         1.798               14.0244                        
    BRILLIANCE CHI         0.1674               1.3057                        
    CHALCO                 0.5097               3.9757                        
    CHINA EAST AIR         N/A                  N/A                           
    CHINA LIFE             0.664                5.1792                        
    CHINA MOBILE           3.478               27.1284                        
    CHINA SOUTH AIR        0.3366               2.6255                        
    CHINA TELECOM          0.3445               2.6871                        
    CHINA UNICOM           0.789                6.1542                        
    CITY TELECOM           0.104                0.8112                        
    CNOOC                  0.5385               4.2003                        
    GUANGSHEN RAIL         0.343                2.6754                        
    HUANENG POWER          0.72975              5.6921                        
    HUTCH TELECOM          0.92                 7.1760                        
    I-CABLE COMM           0.3625               2.8275                        
    JILIN CHEMICAL         0.1997               1.5577                        
    PCCW                   0.601                4.6878                        
    PETROCHINA             0.6159               4.8040                        
    SHANGHAI PECHEM        0.3686               2.8751                        
    SINOPEC CORP           0.387                3.0186                        
    SMIC                   0.1972               1.5382                        
    SUNDAY COMM            0.0566               0.4415                        
    TOM ONLINE             0.144625             1.1281                        
    YANZHOU COAL           1.3                 10.1400