4 Business Highlights 2004 February January Energy, Infrastructure, Finance and Investments April Telecommunications Hongkong Electric Hutchison Telecom becomes Energy, Infrastructure, International finalises the first operator to launch 3G Finance and Investments June shareholding arrangements multimedia services in Hong Cheung Kong Infrastructure with five other shareholders for Retail and Manufacturing Kong. Later, in May, the (“CKI”) acquires a 100% interest A S Watson acquires Drogas, a a 1,400-megawatt gas-fired company consolidates its 3G, in Cambridge Water in South leading health and beauty power plant project in Thailand GSM Dualband and CDMA Cambridgeshire, the UK. chain operating more than 80 and becomes the largest services under the “3” brand. stores in Latvia and Lithuania. foreign shareholder in the company. January Retail and Manufacturing Hutchison Harbour Ring July (“HHR”) and Global Brands Energy, Infrastructure, Group are named exclusive Finance and Investments licensing agent for the May CKI acquires a 40% interest in Mainland, Hong Kong and Retail and Manufacturing March the Lane Cove Tunnel Company Macau by Warner Bros. Hutchison Whampoa (China) Pty Ltd in Australia which has Consumer Products (“WBCP”). Telecommunications sells its remaining 20% interest been awarded a concession to HHR also provides sourcing The Group’s fixed line business in the Mainland joint venture build and operate the Lane services to WBCP licensees is listed on the Stock Exchange Procter & Gamble-Hutchison to Cove Tunnel and the Falcon worldwide outside of the US of Hong Kong by way of the Procter & Gamble for a cash Street Ramp in Sydney. In and Canada. acquisition of Vanda Systems consideration of US$2 billion, August, CKI acquires the North which is now renamed realising a gain on disposal of of England Gas Distribution Hutchison Global HK$13.7 billion. Network which operates a Communications Holdings major natural gas distribution (“HGCH”). The Group currently network in the UK and on holds a 52.5% interest in HGCH. completion of the transaction, CKI will hold an approximate 40% interest in the company. Hutchison Whampoa Limited Annual Report 2004 5 October Ports and Related Services August Hutchison Port Holdings is awarded a 30-year concession Retail and Manufacturing to build and operate six November A S Watson exercises its option September container terminals in Laem Retail and Manufacturing granted by the former Kruidvat Ports and Chabang deep-sea port of A S Watson forges a joint owner and acquires a 40% Related Services Thailand and it also acquires a venture, “GS-Watsons”, with a interest in Dirk Rossmann Hutchison Port Holdings and majority stake in Wolny Obszar leading South Korean retail GmbH, a German health and Shanghai International Port Gospodarczy, a general cargo company GS Retail to launch a beauty retail chain. Group form a joint venture to terminal in the Port of Gdynia, personal healthcare retail chain invest in a container terminal at Poland, with a plan to develop under the brand name Shanghai Waigaoqiao Phase V, it into a container terminal. “Watsons” in 2005. with a tenure of 50 years. August Energy, Infrastructure, December Finance and Investments Husky Energy signs a October Property and Hotels petroleum contract with the October The Group, together with Telecommunications Cheung Kong (Holdings), China National Offshore Oil Property and Hotels Hutchison Telecommunications announces the acquisition of a Corporation (“CNOOC”) for the Hutchison Whampoa International successfully lists 100% interest in The Kowloon 29/26 exploration block in the Properties wins the bid for a its shares on the stock Hotel in Tsim Sha Tsui. This South China Sea. It is the Chengdu plot in the Mainland exchanges of Hong Kong and transaction is completed in seventh petroleum contract and also successfully tenders New York. February 2005 and the hotel is signed between Husky and for a plot in Xian in December. CNOOC. now operated by the Group’s property and hotels division..