09:21     TIANYUAN<08253> - Announcement & Resumption of Trading (1)          

    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.                                                     
                                                                              
    Sanmenxia Tianyuan Aluminum Company Limited*                              
    (a joint stock limited company incorporated in the                        
    People's Republic of China with limited liability)                        
    (Stock Code: 8253)                                                        
                                                                              
    FINANCIAL ASSISTANCE,                                                     
    MAJOR TRANSACTION,                                                        
    CONNECTED AND CONTINUING CONNECTED TRANSACTIONS,                          
    DISCLOSURE OF TRADE RECEIVABLES PURSUANT TO RULES                         
    17.15 AND 17.16 OF THE GEM LISTING RULES,                                 
    EXCEEDING OF EXISTING CAP ON CONTINUING CONNECTED                         
    TRANSACTION,                                                              
    NON-COMPLIANCE WITH GEM LISTING RULES AND                                 
    RESUMPTION OF TRADING                                                     
                                                                              
    Financial Assistance                                                      
                                                                              
    The Company had provided financial assistance in                          
    aggregate sums of approximately RMB134.5 million and                      
    RMB77.9 million to Tianyuan Group for the periods from                    
    9 July 2004 to 31 December 2004 and from 1 January                        
    2005 to 4 March 2005 respectively. By the end of March                    
    2005, Tianyuan Group had settled in full the amount                       
    advanced by the Company.                                                  
                                                                              
    As Tianyuan Group is a connected person of the Company,                   
    the provision of Financial Assistance constitutes a                       
    major and connected transaction which should have                         
    been subject to the reporting, announcement and                           
    independent shareholders' approval requirements                           
    under Chapters 19 and 20 of the GEM Listing Rules.                        
                                                                              
    Unreported transactions with the connected persons                        
                                                                              
    Apart from the provision of Financial Assistance, the                     
    Company has entered into various sale and purchase                        
    transactions with certain connected persons. Certain                      
    of these transactions should have been subject to the                     
    reporting, announcement and independent                                   
    shareholders' approval requirements (as the case may                      
    be) under Chapter 20 of the GEM Listing Rules.                            
                                                                              
    Disclosure of trade receivables pursuant to Rules                         
    17.15 and 17.16 of the GEM Listing Rules                                  
                                                                              
    The trade receivables due from Jiashi as at 13 July                       
    2004 and from LG International Corporation as at 31                       
    December 2004 to the Company amounted to                                  
    approximately RMB27.9 million (equivalent to                              
    approximately HK$26.2 million) and approximately                          
    RMB28.9 million (equivalent to approximately HK$27.1                      
    million) respectively which resulted in their                             
    respective consideration ratio exceeded 8%. During                        
    the period from 13 July 2004 to 15 April 2005, there                      
    were several occasions that the consideration ratio                       
    for the trade receivables due from Jiashi increased                       
    by 3% or more since the previous disclosure which                         
    should have been made. Pursuant to Rules 17.15 and                        
    17.16 of the GEM Listing Rules, the Company should                        
    have disclosed the details of such trade receivables                      
    in accordance with Rule 17.17 of the GEM Listing Rules                    
    at the time the threshold was triggered.                                  
                                                                              
    Exceeding the cap of the Existing Waiver on a