09:43 SINOGAS<00260> - Announcement & Resumption of Trading (14) A circular containing, among other things, further details of (i) the Global King Subscription and the Open Offer; (ii) the advice of the independent financial adviser to the Independent Board Committee and the independent Sino Gas Shareholders in relation to the Global King Subscription and the Open Offer; (iii) the recommendation of the Independent Board Committee to the independent Sino Gas Shareholders in relation to the Global King Subscription and the Open Offer; and (iv) a notice of convening the Sino Gas EGM, will be despatched to the Sino Gas Shareholders as soon as practicable. SUSPENSION AND RESUMPTION OF TRADING IN SINO GAS SHARES At the request of Sino Gas, trading in the Sino Gas Shares on the Stock Exchange was suspended from 2:30 p.m. on 23 May 2005 pending release of this announcement. Applications have been made to the Stock Exchange for resumption of trading in the Sino Gas Shares with effect from 9:30 a.m. on 31 May 2005. DEFINITION "2005-Warrants" 200,000,000 unlisted warrants issued by the Sino Gas on 20 September 2004, each carrying subscription rights entitling the holder thereof to subscribe in cash for a new Sino Gas Share at an initial subscription price at HK$0.096 (subject to adjustment) at any time during the twelve-month period commencing from their date of the issue "2006-Warrants" 200,000,000 unlisted warrants issued by the Sino Gas on 20 September 2004, each carrying subscription rights entitling the holder thereof to subscribe in cash for a new Sino Gas Share at an initial subscription price at HK$0.098 (subject to adjustment) at any time during the twenty-four-month period commencing from their date of the issue "Acceptance Date" 21 July 2005, being the latest date for lodging the application and payment for the Offer Shares "associates" has the meaning ascribed thereto in the Listing Rules "Best Rich" Best Rich International Limited, a company incorporated in the British Virgin Islands, is interested in approximately 49% and 31% equity interest in Global King before and after the Global King Rights Issue respectively "Business Day" any day (other than Saturday) on which licensed banks in Hong Kong are generally open for business throughout their normal business hours "CATIC" CATIC International Holdings Limited, a company incorporated in Bermuda with limited liability, the issued shares of which are listed on the Stock Exchange "CATIC Share(s)" ordinary share(s) of HK$0.10 each in the capital of CATIC "CATIC Shareholder(s)" holder(s) of CATIC Shares "CNG" compressed natural gas "Companies Ordinance" Companies Ordinance (Chapter 32 of the Laws of Hong Kong) "Circular Posting Date" 20 June, 2005 or such other date as the Underwriter may agree in writing with Sino Gas for the despatch of the shareholders' circular in respect of the Open Offer "Global King" Global King Investments Limited, a company incorporated in the British Virgin Islands, being a 51%-owned subsidiary of Grand Corporate "Global King Convertible Note" a convertible note proposed to be issued by Global King upon the exercise of each Global King Option, which upon conversion, will entitle the holder to subscribe for six new Global King Shares "Global King Group" Global King and its subsidiaries