For Immediate Release

Shui On Wins "Green Contractor" Gold Award

Hong Kong, January 11, 2002 - Shui On Construction Company Limited, a subsidiary of Shui On Construction and Materials Limited ("SOCAM", HKEX stock code: 983), has been presented the first "Green Contractor" Gold Award by the Architectural Services Department (ASD) based on the environmental performance of its three ASD projects, including the Departmental Quarters at Hong Ning Road, Castle Peak Hospital Redevelopment Phase II Stage I and Public Health Laboratory Centre at Nam Cheong Street. The ASD launched the "Green Contractor" Awards to promote environmental protection and conservation among contractors of its projects.

Shui On closely monitors environmental conditions including dust level, noise level, wastewater quality, waste quantity, and energy and fresh water consumption on all its construction sites. Specific targets have been set to control concrete waste. Internal audits are conducted bimonthly to verify the effectiveness of the company's Environmental Management System (EMS) as well as monitor site environmental conditions and any corrective actions taken.

"Environmental protection is becoming a priority to the local construction industry and an increasingly important criteria used by our clients when selecting contractors. Shui On has for a long time considered it an essential part of our daily operations and striven to proactively protect and conserve the environment. The award from ASD, one of our most important clients, provides tremendous encouragement for our continued endeavour in this area," said Louis Wong, Deputy Managing Director of SOCAM.

To fulfill its commitment to environmental protection, SOCAM takes the lead in developing and adopting innovative construction techniques. It has designed and produced drywall panels with concealed conduits, which not only reduce construction waste but also increase the quality of surface furnishing of wall panels. The company uses waste-water treatment and recycle systems to reduce usage of fresh water and sorts out cardboard and paper packaging on its sites for waste collectors' recycling purpose.

Shui On maintains a comprehensive EMS under its Total Quality Management culture. The company has not only been awarded ISO14001 certification for environmental management by the Hong Kong Quality Assurance Agency (HKQAA), but is also the first company in Hong Kong to be awarded this certification by the Chinese National Accreditation Committee for Environmental Management System Certifications Bodies (CACEB).

SOCAM, a member of the Shui On Group, was listed on the Hong Kong Stock Exchange in 1997 and is engaged in construction, construction materials and property development in Hong Kong and the Chinese Mainland. Apart from SOCAM, the Shui On Group has a separate, non-listed property arm with investments in Shanghai, Hong Kong, Beijing, Guangzhou and New York.

- End -

The full text of this release can be accessed through the Internet at the following websites:


For further information, please contact:

Ms Shelly Cheng
Tel: (852) 2879 1865
Fax: (852) 2802 4396
Email: corpcomm@shuion.com.hk