08:51     XIN CORP<01141> & <02902> - Odd Lot Arrangement                     

    The Stock Exchange has received a message from Xin Corporation Limited    
    which is reproduced as follows:-                                          
                                                                              
    "In order to facilitate the trading of odd lots of the Reduced Shares as a
    result of the Share Consolidation and Capital Reduction, the Company will,
    commencing from the effective day of the Share Consolidation and Capital  
    Reduction, appoint a broker as an agent to match, on a "best effort"      
    basis, the sale and purchase of odd lots of the Reduced Shares arising    
    from the Share Consolidation and Capital Reduction from 9:30 a.m. on 31st 
    December, 2002 up to and including 4:00 p.m. on 11th February, 2003. Such 
    arrangement is to facilitate Shareholders who wish to dispose of or top up
    their odd lots of Reduced Shares. Kingston Securities Limited has been    
    appointed as such broker. Shareholders who wish to take advantage of this 
    facility should contact Ms. Rosita Kiu of Kingston Securities Limited at  
    Suite 2801, One International Finance Centre, 1 Harbour View Street,      
    Central, Hong Kong (Tel: 2298 6215) during the period commencing from 31st
    December, 2002 up to and including 11th February, 2003. Shareholders are  
    reminded that in order to effect the transaction, they will have to lodge 
    with such broker the relevant share certificate(s) and duly signed and    
    completed transfer form(s) and, if any, other documents of title.         
    Shareholders should note that the matching of the sale and purchase of odd
    lots of Reduced Shares are not guaranteed.                                
                                                                              
    Shareholders are recommended to consult their stockbroker, other          
    registered dealer in securities, bank manager, solicitor, professional    
    accountant or other professional advisers if they are in any doubt about  
    the facility described above."