11:00     WAI YUEN TONG<00897> - 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.                                                             
                                                                              
    Wai Yuen Tong Medicine Holdings Limited                                   
    *                                                                         
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 897)                                                         
                                                                              
    DESPATCH OF CIRCULAR, CHANGE OF BOARD LOT SIZE, EXPECTED                  
    TIMETABLE AND TRADING ARRANGEMENTS                                        
                                                                              
    SUMMARY                                                                   
                                                                              
    The circular dated 13 May 2005 in relation to the Capital                 
    Reorganisation and change of board lot size will be despatched            
    to the Shareholders and, for information only, the holders of             
    the 2005 Convertible Notes on 13 May 2005.                                
                                                                              
    Details of the change of board lot size, expected timetable and           
    trading arrangements for the implementation of the Capital                
    Reorganisation are included in this announcement.                         
                                                                              
    Reference is made to the announcement (the "Announcement") and            
    the circular (the "Circular") of the Company dated 20 April 2005          
    and 13 May 2005 respectively in relation to the Capital                   
    Reorganisation and change of board lot size. Terms used in this           
    announcement shall have the same meanings as those defined in             
    the Circular unless the context requires otherwise.                       
                                                                              
    DESPATCH OF CIRCULAR                                                      
                                                                              
    The Directors announce that the Circular will be despatched to            
    the Shareholders and, for information only, the holders of the            
    2005 Convertible Notes on 13 May 2005.                                    
                                                                              
    CHANGE OF BOARD LOT SIZE                                                  
                                                                              
    Currently, the Shares are traded on the Stock Exchange in board           
    lots of 2,000 Existing Shares. The Company announced in the               
    Announcement that the board lot size shall be changed to 4,000            
    New Shares following the Share Consolidation. In order to allow           
    the New Shares being traded in a more reasonable board lot size           
    and value, the Board has resolved to further increase the board           
    lot size to 6,000 New Shares following the Share Consolidation.           
    The New Shares, when issued, will rank pari passu in all respects         
    with each other and any other Shares.                                     
                                                                              
    EXPECTED TIMETABLE                                                        
                                                                              
    2005                                                                      
    (Note)                                                                    
                                                                              
    Latest time for lodging proxy form for SGM      9:30 a.m on Monday,       
    6 June                                                                    
                                                                              
    SGM     9:30 a.m. on Wednesday, 8 June                                    
                                                                              
    Effective date for Capital Reorganisation       9:30 a.m. on              
    Thursday, 9 June                                                          
                                                                              
    Original counter for trading in Existing Shares in board                  
      lots of 2,000 Existing Shares temporarily closes      9:30 a.m.         
    on Thursday, 9 June                                                       
                                                                              
    Temporary counter for trading in New Shares in board lots of              
    200 New Shares                                                            
       opens (in the form of existing share certificates for