09:39     REXCAPITAL<00155> - Announcement (2)                                

    As at the date of this announcement, the Board comprises five executive   
    directors namely Mr. Chan How Chung, Victor, Ms. Lee Huei Lin, Mr. Chan   
    Wai Kwong, Peter, Mr. Chu Chik Ming, Jack and Mr. Seligman Pierre and     
    three independent non-executive directors namely Mr. Chow Siu Ngor, Mr.   
    Yin Tat Man and Mr. Chan Pei Cheong, Andy.                                
                                                                              
                                                                              
    By order of the Board                                                     
    REXCAPITAL International Holdings Limited                                 
    Chan How Chung, Victor                                                    
    Chairman                                                                  
                                                                              
    Hong Kong, 15 April 2005