SINOCAN HOLD<1095> - Announcement

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.

SINOCAN HOLDINGS LIMITED
(incorporated in Bermuda with limited liability)

ANNOUNCEMENT

Summary:

The Company will further delay the publication of its 
interim results for the six months ended 30th June 1999 
to in or about April 2000. The delay in publication of 
the said interim results constitutes a breach of 
paragraph 11(1) of the Listing Agreement made between the 
Company and the Stock Exchange. The Stock Exchange has 
indicated that it will reserve its right to take action 
against the Company for such breach.

Reference is made to the announcements made by the Company 
on 27th October 1999 and 17th December 1999 regarding the 
delay in the publication of its interim results for the 
six months ended 30th June 1999. The Company has now 
recruited new staff to fill up the vacancies resulted from 
the departure of all the staff in its accounting 
department last year. Due to extra time required by the 
Company's new accounting staff to familiarise with the 
Group's accounting system and to prepare the relevant 
accounts, the Company will further delay the publication 
of its interim results for the six months ended 30th June 
1999 and the despatch of its interim report for the six 
months ended 30th June 1999 to in or about April 2000.

The delay in publication of the said interim results 
constitutes a breach of paragraph 11(1) of the Listing 
Agreement made between the Company and the Stock Exchange. 
The Stock Exchange has indicated that it will reserve its 
right to take action against the Company for such breach.

Except as disclosed in the announcement dated 27th 
October 1999 and 17th December 1999, none of the Directors 
nor any of his/her associates (as defined under the 
Listing Rules) have dealt in the Shares since April 1999 
up to the date of this announcement. The Directors have 
undertaken not to deal in the Shares prior to the 
announcement of the said interim results.

The Company will make a further announcement when there 
are any material developments in relation to the 
above-mentioned matter.

Unless the context otherwise requires, terms defined in 
the announcement of the Company dated 27th October 1999 
shall have the same meanings herein.

By Order of the Board
WONG MAN WING
Chairman

Hong Kong, 16th March 2000