TIAN AN<00028> - Exceptional Turnover Movement

The Stock Exchange has received a message from Tian An China Investments 
Company Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

The Company has been verbally informed by one of its substantial 
shareholders, China Online (Bermuda) Limited, that they have disposed 728 
million shares (approximately 9.27% of the issued shares) of the Company 
at HK$0.30 per share through the market.

We have noted the recent increases in the trading volume of the Company 
and wish to state that, other than the above, we are not aware of any 
reasons for such increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of any 
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the board of Tian An China Investments Company 
Limited the Directors of which individually and jointly accept 
responsibility for the accuracy of this statement.


By order of the Board

Edwin Lo King Yau
Director

Hong Kong, 19 February, 2004"