09:40     HK CHINESE LTD<00655> - Announcement (6)                            

    Limited                                                                   
                                                                              
    "substantial shareholder"       shall have the meaning                    
    set out in Rule 1.01 of the Listing Rules                                 
                                                                              
    "S$"    Singapore dollar, the lawful currency of                          
    Singapore                                                                 
                                                                              
    For use in this announcement and for illustration                         
    purposes only, conversion of Singapore dollar into                        
    Hong Kong dollar is based on the approximate exchange                     
    rate of S$1 to HK$4.7203 as at 18th May, 2005. No                         
    representation is made that any amount in Hong Kong                       
    dollar and Singapore dollar could be converted at such                    
    rate.                                                                     
                                                                              
    By Order of the Board                                                     
    Hongkong Chinese Limited                                                  
    Andrew Hau                                                                
    Secretary                                                                 
                                                                              
    Hong Kong, 20th May, 2005                                                 
                                                                              
    As at the date of this announcement, the board of                         
    Directors of HKC comprises nine directors, of which                       
    Dr. Mochtar Riady and Mr. Leon Nim Leung Chan are                         
    non-executive Directors, Messrs. Stephen Riady, John                      
    Luen Wai Lee, Jesse Nai Chau Leung and Kee Yee Kor                        
    are executive Directors and Messrs. Albert Saychuan                       
    Cheok, Victor Ha Kuk Yung and King Fai Tsui are                           
    independent non-executive Directors.                                      
                                                                              
    *  For identification purpose only                                        
       For the Chinese name, please refer to the press announcement today.