09:11     L & M HOLDING<00746> - Announcement (2)                             

    As at the date of this announcement, the executive Directors              
    are Ms. Wai Siu Kee, Ms. Poon Lai Ming, Ms. Lee Marina Man Wai            
    and Mr. Lee Man Yan; and the independent non-executive Directors          
    are Mr. Wan Chi Keung, Aaron JP, Mr. Heng Kwoo Seng and Mr. Wong          
    Kai Tung, Tony.                                                           
                                                                              
    Unless otherwise specified in this announcement, translations             
    of US$ into HK$ are made in this announcement, for illustration           
    only, at the rate of US$1.00 to HK$7.80. No representation is             
    made that any amounts in US$ or HK$ could have been or could              
    be converted at that rate or at any other rate.                           
                                                                              
    By order of the Board                                                     
    Lee & Man Holding Limited                                                 
    Wai Siu Kee                                                               
    Chairman                                                                  
    Hong Kong, 23 February 2005