Television Broadcasts Limited — Director's Dealing 2005

May 19, 2005

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.

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 290)

INCREASE IN TRADING VOLUME OF THE SHARES OF THE COMPANY AND ACQUISITION OF SHARES BY A SUBSTANTIAL SHAREHOLDER AND DIRECTOR OF THE COMPANY

The Company noted today’s increase in trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increase except for (i) a substantial shareholder and director of the Company has increased its interest in the Company; and (ii) the proposed disposal of 51% equity interest in a joint venture company in the People’s Republic of China as announced by the Company on 12 April 2005.

The Statement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

1

China Conservational Power Holdings Limited – Announcement

18 May 2005

We have noted today’s increase in trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such movement except for the following:–

• (i) Acquisition of shares by a substantial shareholder and director of the Company on the Stock Exchange today:–

				Approx.	Approx.
				shareholding	shareholding
				immediately	immediately
				before	after
Name of		Number of	Price of shares	the shares	the shares
Shareholder	shares acquired		acquired	transaction	transaction
Highworth Venture		6,180,000	HK$0.390	11.83%	13.55%
Limited_(Note)_		1,820,000	HK$0.395
	TOTAL:	8,000,000

• Note: Highworth Venture Limited is a company incorporated in the British Virgin Islands wholly owned by Mr. Hon Ming Kong, an executive director.

• (ii) The proposed disposal of 51% equity interest in a joint venture company in the People’s Republic of China as announced by the Company on 12 April 2005. A circular accompanying the notice of the extraordinary general meeting to be held on 3 June 2005 was dispatched to shareholders on 17 May 2005.

We also confirm that save as the above-mentioned transactions, there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Rule 13.23, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of China Conservational Power Holdings Limited. The Directors, individually and jointly, accept the full responsibility for the accuracy of this statement.

2

China Conservational Power Holdings Limited – Announcement

18 May 2005

Executive Directors:

(i) Mr. Chan Tat Chee (Chairman)

(ii) Mr. Hon Ming Kong

(iii) Mr. Lee Yu Leung

• (iv) Mr. Pascal Ting

• (v) Mr. Lin Hoi Kwong

Non-executive Director:

• (vi) Mr. Li Yong, Alfa

Independent Non-executive Directors:

(vii) Mr. Loo Chung Keung, Steve (viii) Mr. Tsoi Wai Kwong

• (ix) Mr. Au-Yeung Ka Cheung

By Order of the Board China Conservational Power Holdings Limited Chan Tat Chee Chairman

Hong Kong, 18 May 2005

Please also refer to the published version of this announcement in The Standard.

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China Conservational Power Holdings Limited – Announcement

18 May 2005