10:04     <00996>&<01049>-Joint Announcement&Resumption of Trading(7)         

    liability and which securities are listed on the main board of the Stock  
    Exchange                                                                  
                                                                              
    "CASH SGM"   the special general meeting of CASH to be held to approve    
    the deemed disposal of interest in the Company by CASH as a result of     
    allotment and issue of the Conversion Shares by the Company upon          
    conversion of any part of the Convertible Note into Conversion Shares     
                                                                              
    "CASH Shareholders"   holders of shares of CASH                           
                                                                              
    "CN Agreement"   the agreement entered into between the Company and       
    AustChina on 23 May 2005 in relation to the proposed issue of the         
    Convertible Note                                                          
                                                                              
    "Cooperation Agreement"   the agreement entered into between Pricerite    
    Development and AustChina on 23 May 2005 in relation to the proposed      
    cooperation to develop retail business in the PRC                         
                                                                              
    "CIGL"   Celestial Investment Group Limited, a company incorporated in    
    the British Virgin Islands with limited liability and is the controlling  
    Shareholder, and a wholly-owned subsidiary of CASH                        
                                                                              
    "Company"   Pricerite Group Limited, a company incorporated in Bermuda    
    with limited liability, the shares of which are listed on the main board  
    of the Stock Exchange                                                     
                                                                              
    "Conditions"   the conditions of the CN Agreement as set out in the       
    sub-section headed "Conditions" in this announcement                      
                                                                              
    "Conversion Price"   HK$0.45 (subject to adjustment) per Conversion       
    Share                                                                     
                                                                              
    "Conversion Share(s)"   the new Shares issuable upon the conversion of    
    any part of the Convertible Note                                          
                                                                              
    "Convertible Note"   the convertible note of the initial principal        
    amount of HK$108,000,000 to be convertible into Shares at the Conversion  
    Price proposed to be issued by the Company, and which terms are set out   
    in the section headed "CN Agreement" in this announcement                 
                                                                              
    "Directors"   directors of the Company                                    
                                                                              
    "Group"   the Company and its subsidiaries                                
                                                                              
    "Listing Rules"   Rules Governing the Listing of Securities on the Stock  
     Exchange                                                                 
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "Pricerite Development"   Pricerite Development Limited, a wholly-owned   
    subsidiary of the Company                                                 
                                                                              
    "SGM"   the special general meeting of the Company to be held to          
    approve, inter alia, the CN Agreement                                     
                                                                              
    "Share(s)"   share(s) of HK$0.02 each in the share capital of the         
    Company                                                                   
                                                                              
    "Shareholder(s)"   holder(s) of the Shares                                
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "A$"   Australian dollar(s)                                               
                                                                              
    "HK$"   Hong Kong dollar(s)                                               
                                                                              
       On behalf of the Board       On behalf of the board of CASH            
       Bankee P Kwan                Bankee P Kwan                             
       Chairman                     Chairman                                  
                                                                              
    As at the date hereof, the executive directors of the Company are Mr      
    Kwan Pak Hoo Bankee, Mr Law Ping Wah Bernard, Ms Kwok Lai Ling Elaine,    
    Mr Leung Siu Pong James, Mr Li Yuen Cheuk Thomas, and the independent     
    non-executive directors are Dr Hui Ka Wah Ronnie, Mr Lai Wai Kwong Daryl  
    and Mr Lo Ming Chi Charles.                                               
                                                                              
    As at the date hereof, the executive directors of CASH are Mr Kwan Pak    
    Hoo Bankee, Mr Law Ping Wah Bernard, Mr Wong Kin Yick Kenneth, Mr Miao    
    Wen Hao Felix, Ms Kwok Oi Kuen Joan Elmond, Mr Li Yuen Cheuk Thomas, the  
    independent non-executive directors are Dr Chan Hak Sin, Mr Leung Ka      
    Kui Johnny and Mr Wong Chuk Yan.                                          
                                                                              
    Hong Kong, 25 May 2005