CMON Limited — Board/Management Information 2005

Mar 2, 2005

瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 747)

RESIGNATION OF A NON-EXECUTIVE DIRECTOR AND A SUPERVISOR

The board of directors (the “Board”) of Shenyang Public Utility Holdings Company Limited (the “Company”) announces that Mr. Lin Wen Bin (“Mr. Lin”) and Mr. Wang Hong Yu (“Mr. Wang”) have resigned as a non-executive director and the chairman of the supervisory committee (the “Supervisory Committee”) of the Company with effect from 1 March 2005 and 27 February 2005 respectively due to personal reasons. There is no disagreement between Mr. Lin and Mr. Wang with the Company during their appointment and there is no matter regarding their resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to express appreciation to Mr. Lin and Mr. Wang for their contribution to the Company during their services with the Company.

In accordance with Article 99 and Article 119 of the Company’s Articles of Association, the Board should comprise 14 directors and the Supervisory Committee should comprise 7 supervisors. The Board will identify and recommend for approval by the shareholders of the Company suitable candidates to ensure compliance with the requirements under the Company’s Articles of Association as soon as practicable.

By Order of the Board of Shenyang Public Utility Holdings Company Limited Xu Er Hui Chairman

Shenyang, the People’s Republic of China, 2 March 2005

The members of the Board and the Supervisory Committee as at the date of this announcement are as follows:–

Executive Directors	Mr. Xu Er Hui, Mr. Zhang Jian Bo, Mr. Zhang Ying Jian,
	Mr. Wang Se, Mr. Geng Jian Wei and Mr. Chen Shu Xin
Non-executive Directors	Dr. Michel P. Detay, Mr. Zhang Wan Zhong and
	Mr. Chan Kam Ling
Independent non-executive Directors	Mr. Cheng Wei, Mr. Choy Shu Kwan, Wilson and Mr. Cui Yan
Supervisors	Ms. Li Shu Lian, Mr. Zhao Xue Zhi, Mr. Lin Dong Hui
	and Mr. Yang Zhi An

Please also refer to the published version of this announcement in The Standard / Hong Kong Economic Times.