11:00     WAI YUEN TONG<00897> - Announcement (2)                             

    Existing Shares)        9:30 a.m. on Thursday, 9 June                     
                                                                              
    First day for free exchange of existing share certificates                
      for new share certificates    Thursday, 9 June                          
                                                                              
    Original counter for trading in New Shares in board lots of 6,000         
    New Shares                                                                
      re-opens (in the form of new share certificates for New Shares)         
            9:30 a.m. on Thursday, 23 June                                    
                                                                              
    Parallel trading in New Shares commences                                  
      (in the form of existing share certificates for Existing                
      Shares and new share certificates for New Shares)     9:30 a.m.         
    on Thursday, 23 June                                                      
                                                                              
    First day of operation of odd lot trading facility      9:30 a.m.         
    on Thursday, 23 June                                                      
                                                                              
    Temporary counter for trading in New Shares in board lots of              
    200 New Shares                                                            
      closes (in the form of existing share certificates for Existing         
    Shares) 4:00 p.m. on Friday, 15 July                                      
                                                                              
    Parallel trading in New Shares ends (in the form of existing              
    share certificates                                                        
      for Existing Shares and new share certificates for New Shares)          
            4:00 p.m. on Friday, 15 July                                      
                                                                              
    Last day of operation of odd lot trading facility       4:00 p.m.         
    on Friday, 15 July                                                        
                                                                              
    Latest time for lodging certificates for Existing Shares                  
      in exchange for certificates for New Shares free of charge              
            Wednesday, 20 July                                                
                                                                              
    Note:   All times refer to Hong Kong local time                           
                                                                              
    TRADING ARRANGEMENTS                                                      
                                                                              
    Upon the Capital Reorganisation becoming effective, all existing          
    pink share certificates for any number of Existing Shares in              
    issue immediately before the effective date of the Capital                
    Reorganisation will be deemed to be share certificates of the             
    Company and will be effective as documents of title. Every 10             
    Existing Shares will be deemed to represent 1 New Share. New              
    yellow share certificates of the Company will be issued for the           
    New Shares. Dealings in the Consolidated Shares are expected              
    to commence on Thursday, 9 June 2005. Parallel trading                    
    arrangements will be established on the Stock Exchange for                
    dealings in the New Shares in the form of the existing pink share         
    certificates and in the form of the new yellow share certificates.        
    The trading arrangements proposed for dealings in the New Shares          
    are set out as follows:                                                   
                                                                              
    (i)     with effect from 9:30 a.m. on Thursday, 9 June 2005, the          
    original counter for trading in Shares in existing board lots             
    of 2,000 Existing Shares will be closed temporarily. A temporary          
    counter for trading in New Shares represented by existing pink            
    share certificates in board lots of 200 New Shares will be                
    established. Every existing certificate for whatever number of            
    Existing Shares will be deemed to be a certificate, and will              
    be effective as a document of title valid for settlement and              
    delivery for trading transacted from 9:30 a.m. on Thursday, 9             
    June 2005 to 4:00 p.m. on Friday, 15 July 2005 (both dates                
    inclusive) for New Shares in the amount equal to one tenth of             
    that number of Existing Shares. The existing pink share                   
    certificates for the Existing Shares can only be traded at this           
    temporary counter;                                                        
                                                                              
    (ii)    with effect from 9:30 a.m. on Thursday, 23 June 2005, the         
    original counter will be reopened for trading in the New Shares           
    in board lots of 6,000 New Shares. Only new