11:02     WAI YUEN TONG<00897> - Announcement (4)                             

    As at the date of this announcement, the Board comprises two              
    executive directors, namely Mr. Tang Ching Ho and Mr. Chan Chun           
    Hong, Thomas, a non-executive director, namely Mr. Leung Wai              
    Ho, and three independent non-executive Directors, namely Mr.             
    Siu Man Ho, Simon, Mr. Yuen Chi Choi and Mr. Cho Wing Mou.                
                                                                              
    By Order of the Board                                                     
    Wai Yuen Tong Medicine Holdings Limited                                   
    Chan Chun Hong, Thomas                                                    
    Managing Director                                                         
                                                                              
    Hong Kong, 13 May 2005                                                    
                                                                              
    *  For identification purpose only                                        
                                                                              
    NOTICE OF SPECIAL GENERAL MEETING                                         
                                                                              
    NOTICE IS HEREBY GIVEN that a special general meeting of Wai              
    Yuen Tong Medicine Holdings Limited (the "Company") will be held          
    at 3503, 35/F, Two International Finance Centre, 8 Finance Street,        
    Central, Hong Kong on Wednesday, 8 June 2005 at 9:30 a.m. or              
    at any adjournment thereof, for the purposes of considering and,          
    if thought fit, passing, with or without modification, the                
    following resolution of the Company:                                      
                                                                              
    SPECIAL RESOLUTIONS                                                       
                                                                              
    THAT, conditional upon the Listing Committee of The Stock                 
    Exchange of Hong Kong Limited approving the listing of, and               
    granting the permission to deal in, shares of HK$0.01 each in             
    the issued share capital of the Company upon the Capital                  
    Reorganisation (as defined below) becoming effective, with                
    effect from 9:30 a.m. on the next business day (not being a               
    Saturday) after the date on which this resolution is passed (the          
    "Effective Date"): -                                                      
                                                                              
    (a)     every ten (10) shares of HK$0.01 each in the capital of the       
    Company in issue on the Effective Date be consolidated into one           
    (1) share of HK$0.10 each in the capital of the Company (the              
    "Consolidated Share") (the "Consolidation");                              
                                                                              
    (b)     subject to and forthwith upon the Consolidation taking effect,    
    the issued share capital of the Company be reduced by canceling           
    paid up capital to the extent of HK$0.09 on each of the                   
    Consolidated Shares (the "Capital Reduction") so that each                
    Consolidated Share shall be treated as one fully-paid up share            
    of HK$0.01 each in the capital of the Company (the "Reduced Share")       
    and any liability of the holders of Reduced Shares to make any            
    further contribution to the capital of the Company on each such           
    Reduced Share shall be treated as satisfied; and                          
                                                                              
    (c)     subject to and forthwith upon the Capital Reduction taking        
    effect, the credit arising from the Capital Reduction be applied          
    to the contributed surplus of the Company where it may be utilized        
    by the directors of the Company in accordance with the bye-laws           
    of the Company and all applicable laws, including to set off              
    the accumulated losses of the Company (the "Application of                
    Credit"); and                                                             
                                                                              
    (d)     the directors of the Company be and are hereby authorised         
    generally to do all such acts, deeds and things as they shall,            
    in their absolute discretion, deem appropriate to effect and              
    implement the Consolidation, the Capital Reduction and the                
    Application of Credit (collectively, the "Capital                         
    Reorganisation").                                                         
                                                                              
    By Order of the Board                                                     
    Wai Yuen Tong Medicine Holdings Limited                                   
    Chan Chun Hong, Thomas