09:02     MAE HOLDINGS<00851> - Share Consolidation                           

    Market participants are requested to note that the ordinary               
    shares of HK$0.0005 each (after the Capital Reduction becoming effective) 
    ("Old Shares")in the capital of MAE Holdings Limited will be consolidated 
    into ordinary shares of HK$0.01 each ("New Shares") on the basis of 20    
    into 1 subject to its shareholders' approval at the Special General       
    Meeting to be held on 17/05/2005.  Upon the proposals becoming effective, 
    a temporary counter under stock code 2976 and stock short name            
    "MAE HOLDINGS" will be established for trading in board lots of 1,000 New 
    Shares each to replace the present counter (stock code: 851) for          
    trading in board lots of 20,000 Old Shares each effective from            
    Wednesday, 18/05/2005.