BUSINESS UPDATES

SINCE IPO IN JUNE 2003,THE GROUP HAVE EXPANDED CORE BUSINESS BY ESTABLISHMENT FOUR BOTTLE PRODUCTION PLANTS IN TIANJIN,SHENZHEN, ZHANJIANG AND SHANTOU WITH TOTAL INCREASING CAPACITY OF 530 MILLION COLD AND HOT-FILLED BOTTLES. COMPARED WITH ORIGINAL CAPACITY (GUANGZHOU PLANT, CHENGDU PLANT AND QINGDAO PLANT) THE GROUP’S CAPACITY WILL GROW BY 66%.，

LETTER OF INTENT REGARDING TO ACQUIRE NEW COMPANY OF BOTTLE GRADE PET CHIPS (Detail refer to Announcement of 28th April 2005)

COMMENCEMENT OF OPERATION OF PET BOTTLE PRODUCTION PLANT IN SHENZHEN (Detail refer to Announcement of 25th April 2005)

FIVE YEAR AGREEMENT WITH SHENZHEN PEPSI-COLA BEVERAGE COMPANY LIMITED JIEDONG BRANCH (Detail refer to Announcement of 21st April 2005)

NOTICE OF ANNUAL GENERAL MEETING (Detail refer to Announcement of 12th April 2005)

FIVE-YEAR AGREEMENT WITH SHENZHEN PEPSI-COLA BEVERAGE COMPANY LIMITED (Detail refer to Announcement of 29th March 2005)

ESTABLISHMENT OF NEW PET BOTTLE PRODUCTION PLANT IN SHANTOU CITY, GUANGDONG PROVINCE OF CHINA(Detail refer to Announcement of 29th Nov.2004)

ESTABLISHMENT OF NEW PET BOTTLE PRODUCTION PLANT IN ZHANJIANG, GUANGDONG PROVINCE OF CHINA (Detail refer to Announcement of 16th Nov.2004)

FIVE-YEAR AGREEMENT WITH TIANJIN PEPSI-COLA BEVERAGE COMPANY LIMITED,(Detail refer to Announcement of 3rd June 2004)

ESTABLISHMENT OF NEW PET BOTTLE PRODUCTION PLANT IN TIANJIN CITY, THE CHINA, NEW PLANT IS EXPECTED COMMENCE OPERATION IN JULY, 2004 WITH CAPACITY OF150 MILLION COLD AND HOT-FILLED PET BOTTLES (Detail refer to Announcement of 2nd April 2004)