09:16     SG-YZ CM@EC0510<03668> - Announcement (2)                           

    Therefore, after the above adjustments, the New Exercise Price of the     
    Warrants will be as follows:                                              
                                                                              
    Stock Code                                                                
                                                                              
    New Exercise Price per 10 warrants                                        
    3668                                                                      
    HK$7.50                                                                   
                                                                              
    Warrant Certificate                                                       
                                                                              
    Existing global warrant certificate will continue to be valid for all     
    purposes without further amendment.                                       
                                                                              
    Board Lots                                                                
                                                                              
    Board lot sizes will not be changed.                                      
                                                                              
    Notice                                                                    
                                                                              
    This announcement constitutes due and valid notice by the Issuer to       
                                                                              
    each relevant registered holder of the Warrants set out above insofar     
    as such notice is required, under the terms and conditions of such        
    Warrants, to be made by way of publication in English and Chinese on      
    the website of Hong Kong Exchanges and Clearing Limited.                  
                                                                              
    SGA Societe Generale Acceptance N.V.                                      
    Hong Kong, 26th May 2005