via http://www.romhacking.net/translations/2267/

First release of the What’s Shenmue translation project. What’s Shenmue is a small demo of Shenmue that was not released outside of Japan.
The patcher translates every text, graphic and subtitles into English, Spanish and German (One patcher for all). This can be considered the first final version of the project.
PacoChan’s patcher will only accept original GDI format backups in order to apply the contents of the patch.