THE STOCK EXCHANGE OF HONG KONG LIMITED

(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

Change of Designated Securities for Short Selling

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announces that with effect from 6 January 2004 (Tuesday), China Life Insurance Company Limited (Stock Code: 2628) will be added to the list of designated securities eligible for short selling.

The latest list of all designated securities for short selling is available on the HKEx's web site (http://www.hkex.com.hk).