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�ؤH�m�~     127.hk      16th June 2006

�C�ѻ��� $8.2
�C�Ѹ겣�b�� $11.14
�C�Ѱ򥻬էQ $3
�C�Ѱ򥻬էQ(�}����) $2.762
�C�ѪѮ� $0.21

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�򥻬էQ $64.547��
�겣�`�� $404.408��
���`�� ($167.381��)
�겣�b�� $237.027��
�y�ʸ겣 $71.655��
�y�ʭt�� $66.931��
�b�y�ʸ겣 $4.724��

Price/net asset = 72.222%�M�Y�H$72.2�ʶR$100���F��(�p�p�Jaccumulative depreciation�M�겣�ȷ|��[�����M���O�Q���h)

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�L�θ겣�u��$15,951,000�M�ҥH���@�վ�.
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Debt/Equity = $10,045,015/$23,702,697 = 0.4238 (at good standing�M���|���L�j���b��禳������O�I��)
2005�~�������J$7.156��. ��H�����^���p��M�]��4.2%(7.156��/171.175��). �٥��p���L�X�⪫�~�Ψ�L�ӷ~�ư�.


Thomas Lau�B�q�����������q60.96% interest
Josept Lau�B�q�E���������q9.52% interest
��2004�~��2006�~�M�����δ��g31���^�ʤ��q�ѥ��M�̪�@����2006�~�@��23��@��$7.85�R�J166000��.


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�����Υ禳��L���:
61.93% of 112.hk ����$3.378��
50.1% of 286.hk ����$0.644��
50% of Power Jade Limited ���~���M�Ƨ��~�T���M���P
6.475% interest in �F�����G�D

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2005�~�������J$7.156��

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ù �� �� �~ �� 

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More details information in the following website:
http://www.chineseestates.com/eng/financial_info/annual_reports/ceh_annual_reports_2005.asp

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Roy   16th June 2006�@