3SBio Inc. — Capital/Financing Update 2000

Sep 19, 2000

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

The HKCB Bank Holding Company Limited

(Incorporated in Bermuda with limited liability)

CONNECTED TRANSACTION

The board of directors of The HKCB Bank Holding Company Limited ("HKCB Holding") announce that Lippo Securities Limited ("Lippo Securities"), a wholly-owned subsidiary of HKCB Holding, is one of the underwriters under the underwriting agreement dated 18th September, 2000 (the "Underwriting Agreement") in relation to the proposed issue of not less than 3,067,029,572 shares (and not more than 3,680,395,495 shares) of HK$0.10 each in the issued share capital of Lippo China Resources Limited ("LCR") by way of rights at a price of HK$0.16 per Rights Share (the "Rights Issue").

On 18th September, 2000, Lippo Securities entered into the Underwriting Agreement in relation to the Rights Issue as jointly announced by Lippo Limited ("Lippo") and LCR that day (the "Joint Announcement"). Terms defined in the Joint Announcement shall have the same meanings when used herein.

Pursuant to the Underwriting Agreement, Lippo Securities will be allocated up to 468,750,000 Rights Shares at a price of HK$0.16 per Rights Share (totalling HK$75,000,000). It is envisaged that Lippo Securities will procure third parties to take up its allocation of 468,750,000 Rights Shares and/or arrange for third parties to sub-underwrite those shares, with the intention that Lippo Securities will not take up any such shares.

Lippo Securities is a wholly-owned subsidiary of HKCB Holding. Lippo holds approximately 54.3 per cent. of the issued share capital of LCR and LCR in turn through a non wholly-owned subsidiary holds approximately 58.8 per cent. of the issued share capital of HKCB Holding. Accordingly, the transaction constitutes a connected transaction for HKCB Holding pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The consideration of the Rights Shares attributable to Lippo Securities for the underwriting amounts to approximately 1.8 per cent. of the book value of the net tangible assets of HKCB Holding, as disclosed in the latest published unaudited interim report. Lippo Securities is not expected to take up shares in LCR as a result of it procuring third parties to take up shares and/or of the sub-underwriting arrangement mentioned above.

The underwriters will receive a commission of 2.5 per cent. of the aggregate subscription price of the Rights Shares underwritten by the Underwriters.

The directors of HKCB Holding, including its independent non-executive directors, consider that the terms of the Underwriting Agreement are fair and reasonable and on normal commercial terms.

The principal businesses of HKCB Holding, its subsidiaries and associates are the provision of commercial banking, mortgage finance, securities broking, underwriting, insurance and other related financial services. Lippo Securities is mainly engaged in the business of securities broking, securities trading and underwriting.

By Order of the Board

The HKCB Bank Holding Company Limited

Andrew Hau

Secretary

Hong Kong, 18th September, 2000

"Please also refer to the published version of this announcement in the Hong Kong i-mail"