XINAO GAS B0911<02598> - New Listing

Market participants are requested to note that dealings in the Zero
Coupon Convertible Bonds due 2009 issued by Xinao Gas Holdings Limited 
will commence at 9:30 a.m. on Tuesday, 16/11/2004 under the following 
particulars:-

Stock Code  Stock Short Name     Denomination     Trading Currency
----------  ----------------     ------------     ----------------
2598        XINAO GAS B0911      HKD 10,000       HKD
                                 or 100 units