09:29     CATIC INT'L<00232> - Announcement (4)                               

    "Undertaking"  the undertaking given by the Company to Sino Gas and the   
    Underwriter on 30 May 2005                                                
                                                                              
    "Underwriter"  Kingsway Financial Services Group Limited, the             
    underwriter of the Open Offer, is a licensed corporation of the SFC       
    permitted to engage in type 1 (dealing in securities), type 2 (dealing    
    in futures contracts), type 4 (advising on securities), type 6            
    (advising on corporate finance) and type 9 (asset management) of the      
    regulated activities under SFO                                            
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong                
                                                                              
    "%"  per cent.                                                            
                                                                              
    By order of the Board of                                                  
    CATIC International Holdings Limited                                      
    Fu Shula                                                                  
    Chairman of the Board                                                     
                                                                              
    Hong Kong, 30 May 2005                                                    
                                                                              
    As at the date of this announcement, the Board comprises Mr. Fu Shula,    
    Mr. Wang Xinkuo, Mr. Ji Guirong, Mr. Liu Rongchun, Mr. Diao Weicheng      
    and Mr. Ren Haifeng as executive directors; Mr. Ip Tak Chuen, Edmond as   
    non-executive director; Mr. Chu Yu Lin, David, Mr. Li Ka Cheung, Eric     
    and Mr. Li Zhaoxi as independent non-executive directors.