Article: Hong Kong Stock Exchange studies Greencool payment.

May 13, 2002 (The Asian Wall Street Journal

ABIX via COMTEX) -- A payment to Tianjin Greencool Factory by Greencool Technology Holdings is being examined by the Hong Kong sharemarket. The payment of RMB230m to the Chinese company by the Hong Kong company is itemised in the 2001 annual report of Greencool Technology Holdings. The annual report presents the payment as a prepayment for refrigerant supplies. The person in control of Tianjin Greencool Factory, Gu Chu Jun, is also the chairman of Greencool Technology and the major shareholder of the Hong Kong company.

Publication Date: 9 May 2002

GREENCOOL TECHNOLOGY HOLDINGS

LIMITED:

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