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(Incorporated in Hong Kong'' with limited liability)

Announcement of audited financial results by a subsidiary - China Resources Jinhua Co., Ltd.

On 17th February, 2004, the board of directors of (China Resources Jinhua Co., Ltd.) (''CR Jinhua''), a company incorporated in the People's Republic of China (''PRC'') and the shares of which are listed on the Shenzhen Stock Exchange of the PRC and an approximate 51.0% subsidiary of China Resources Enterprise, Limited (the ''Company''), has announced the audited financial results of CR Jinhua for the year ended 31st December, 2003 which will be published in the newspapers in the PRC on 19th February, 2004. The financial statements of CR Jinhua have been prepared in conformity with ''Accounting Standards for Enterprises'' and ''Accounting Systems for Enterprises'' of the PRC. The summary of the audited consolidated profit and loss account of CR Jinhua is provided below.
This is not the announcement of the audited financial results of the Company for the year ended 31st December, 2003. This announcement is made by the Company pursuant to the requirements of the Listing Rules to provide shareholders of the Company with certain financial information of a listed subsidiary which announces such information in the PRC.
On 17th February, 2004, the board of directors of CR Jinhua, a company incorporated in the PRC
and the shares of which are listed on the Shenzhen Stock Exchange of the PRC and an approximate
51.0% subsidiary of the Company, has announced the audited financial results of CR Jinhua for the year ended 31st December, 2003 which will be published in the newspapers in the PRC on 19th February, 2004.
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China Resources Jinhua Co., Ltd.

Summary of the audited consolidated profit and loss account for the year ended 31st December,
2003
From 1st January, 2003 to
31st December, 2003

RMB'000 HK$'000 (equivalent)

From 1st January, 2002 to
31st December, 2002

RMB'000 HK$'000 (equivalent)



Turnover 466,406 439,591 442,641 417,192
Profit before income tax 27,923 26,318 25,238 23,787
Income tax ( 7,711) ( 7,268) (5,609) ( 5,287)
Profit after income tax 20,212 19,050 19,629 18,500
Minority interests ( 5,811) ( 5,477) (5,653) ( 5,328)
Profit attributable to

shareholders 14,401 13,573 13,976 13,172

Note: The above financial results of CR Jinhua have been prepared in conformity with ''Accounting Standards for Enterprises''

and ''Accounting Systems for Enterprises'' of the PRC.

Amounts denominated in Renminbi (''RMB'') have been translated, for the purpose of illustration only, into Hong Kong dollars using an exchange rate of approximately HK$1.00 = RMB1.061.

General

Shareholders should note that the above financial results pertain only to CR Jinhua, in which the Company has an indirect beneficial interest of approximately 51.0%. Following a shareholders meeting of CR Jinhua on 8th July, 2003 to approve, amongst other things, the acquisition of an approximate 51.0% interest in CR Jinhua by China Resources Light Industries and Textiles (Holdings) Company Limited, a wholly owned subsidiary of the Company, the acquisition was completed on 14th July, 2003. The audited results of CR Jinhua for the year ended 31st December,
2003 will be consolidated in the group accounts of the Company after adjustments in accordance with accounting principles generally accepted in Hong Kong.
By order of the Board
China Resources Enterprise, Limited
Lee Yip Wah, Peter

Company Secretary

Hong Kong, 18th February, 2004

Please also refer to the published version of this announcement in the (The South China Morning Post)

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