09:47 TST PROPERTIES<00247> & SINO LAND<00083> - Joint Ann. (5) As all of the relevant size tests under the Listing Rules for the Acquisitions and Disposal on an annual basis, where applicable, are more than 0.1% but less than 2.5% of the latest published financial information of TST Properties and Sino Land respectively, the Acquisitions and Disposal are only required to be disclosed by way of a press announcement and inclusion of details of the Acquisitions and Disposal in their next respective annual reports by both TST Properties and Sino Land pursuant to Rule 14A.32 of the Listing Rules. GENERAL TST Properties is the holding company of Sino Land. Both TST Properties and Sino Land are investment holding companies and their principal businesses include property development and investment, share investment and dealing, financing and management services. TERMS USED IN THIS ANNOUNCEMENT "Acquisitions" The acquisitions of the Triumph One Shares and the Far Gain Shares, and the taking up of the assignments of the Triumph One Loan and the Far Gain Loan "Boswell" Boswell Holdings Limited, an investment holding company in which Mr. Robert Ng Chee Siong, the chairman and an executive Director of both TST Properties and Sino Land, and Mr. Philip Ng Chee Tat, hold a 50:50 equity interest "Carollton" Carollton Limited, is an investment holding company which is indirectly wholly-owned by Boswell. It held 100% equity interest in Far Gain and was the vendor of the Far Gain Shares to King Chance "Cliveden Finance" Cliveden Finance Company Limited, is a financial services company, which is indirectly wholly-owned by Boswell and it was the vendor of the Triumph One Loan and Far Gain Loan "Completion Accounts" The audited financial statements of Triumph One, Far Gain and Grand Idea as at the completion date of the Acquisitions and the Disposal "Commercial Parts of Rosedale Gardens" It comprises the commercial portion of the development known as Rosedale Gardens with a total gross floor area of approximately 35,213 sq.f. and 38 carparking spaces, located at 133 Castle Peak Road, Tuen Mun, New Territories "Directors" The directors of TST Properties and Sino Land "Disposal" The sale of the Grand Idea Share and the assignment of the Grand Idea Loan "Far Gain" Far Gain Limited, a direct wholly-owned subsidiary of Carollton. It holds 100% interest in the Commercial Parts of Rosedale Gardens "Far Gain Loan" A loan of HK$84,461,831 due from Far Gain to Cliveden Finance as at 31 March 2005 and assigned to Sing-Ho Finance by Cliveden Finance "Far Gain Shares" The 10,000 existing shares of HK$1 each of Far Gain held by Carollton, representing 100% of the existing issued share capital of Far Gain and acquired by King Chance from Carollton "Grand Idea" Grand Idea Investment (CI) Limited, a direct wholly-owned subsidiary of Sino Land Investment. It holds 100% interest in No. 8 Mount Cameron Road "Grand Idea Loan" A loan of HK$96,339,087 due from Grand Idea to Sing-Ho Finance as at 31 March 2005 and assigned to Seaview Finance by Sing-Ho Finance "Grand Idea Share" The 1 existing share of US$1 of Grand Idea held by Sino Land Investment, representing 100% of the existing issued share capital of Grand Idea and acquired by Maxfield from Sino Land Investment "HK$" Hong Kong dollars "King Chance" King Chance Development Limited, is an investment holding company which is directly wholly-owned by Sino Land. It was the purchaser of the Triumph One Shares from Millwood and Far Gain Shares from Carollton "Listing Rules" The Rules Governing the Listing of Securities on the Stock Exchange "Maxfield" Maxfield Limited, is an investment holding company which is