Shanghai Forte Land Holds 2003 Annual General Meeting

On June 11, 2004, Shanghai Forte Land (the Company ) held its 2003 Annual General Meeting (the AGM ) in the conference room of the Company, Fuxing Commercial Building, 2 Fuxing East Road, Shanghai, the People s Republic of China (the PRC ). Shareholders and authorized proxies holding an aggregate of 1, 646, 034, 665 shares, representing 74.59% of the total issued share capital of the Company, with above 1/2 of the shares entitled to vote, were present at the AGM. The meeting was convened in accordance with the requirements of the Company Law of PRC and the articles of association of the Company.
Through being reviewed in the AGM, five ordinary resolutions and four special resolutions were passed. The resolutions were published in Hong Kong Economics Daily and Hong Kong Standard on June 14, 2004, and also available at Announcement of Board of Directors in Investor Relations of Forte s Website.