09:30     YUE YUEN IND<00551> - Announcement (1)                              

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
                                                                              
    YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED                                    
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 551)                                                         
                                                                              
                                                                              
    MONTHLY REVENUE ANNOUNCEMENT FOR JANUARY 2005                             
                                                                              
    Yue Yuen Industrial (Holdings) Limited (the "Company")                    
    is a subsidiary of Pou Chen Corporation (the "Holding                     
    Company"), a company listed in the Taiwan Stock                           
    Exchange ("TSE"), which is indirectly holding                             
    approximately 50.88% of the issued share capital of                       
    the Company as at 14th February, 2005 through its                         
    subsidiaries. The Company is a major subsidiary of                        
    the Holding Company. Pursuant to the Taiwan Stock                         
    Exchange Corporation Regulations Governing                                
    Information Reporting by Listed Companies (the                            
    "Regulations"), the Holding Company is required to                        
    issue separately in relation to its major                                 
    subsidiaries an announcement of the preceding month                       
    revenue before the 10th day of each calendar month.                       
    As notified by TSE, the monthly revenue announcement                      
    for January 2005 may be made on or before 14th February,                  
    2005.                                                                     
                                                                              
    As a result of acquisitions of shares in the Company                      
    by the Holding Company, the Holding Company has since                     
    16th June, 2004 held directly or indirectly over 50%                      
    of the issued shares in the Company and with effect                       
    from that date the Company became a major subsidiary                      
    of the Holding Company for the purposes of the                            
    Regulations.                                                              
                                                                              
    The Company is a major subsidiary of the Holding                          
    Company, a company listed on the Taiwan Stock Exchange                    
    ("TSE"), which indirectly holds approximately 50.88%                      
    in the issued share capital of the Company as at 14th                     
    February, 2005 through its subsidiaries. Pursuant to                      
    the Regulations, the Holding Company is required to                       
    issue separately in relation to its major                                 
    subsidiaries an announcement of the preceding month                       
    revenue before the 10th day of each calendar month                        
    with Taiwan Stock Exchange Corporation. As notified                       
    by TSE, the monthly revenue announcement for January                      
    2005 may be made on or before 14th February, 2005.                        
    The purpose of this announcement is to disclose                           
    simultaneously the information about the said monthly                     
    revenue announcement to the Hong Kong public                              
    equivalent to the disclosure made by the Holding                          
    Company in Taiwan in order to ensure timely                               
    information to investors, in compliance with                              
    Paragraph 13.09 of the Hong Kong Listing Rules. The                       
    following items are required by the Regulations and                       
    are extracted from the unaudited management accounts                      
    of the Company and its subsidiaries.                                      
                                                                              
    Month: January 2005                                                       
                                                                              
    Net consolidated operating revenue (i.e. equal to the                     
    total sales less sales discount and sales return) of                      
    the Company for the current month (USD'000): 264,095                      
                                                                              
    Net consolidated accumulative operating revenue of                        
    the Company for the one month ended 31st January, 2005                    
    (USD'000): 264,095                                                        
                                                                              
    Net consolidated sales from the Company to the Holding                    
    Company for the current month (USD'000):