09:01     XIN CORP<01141> - Share Consolidation                               

    Market participants are requested to note that the ordinary shares of HKD 
    0.01 each ("Old Shares") in the capital of Xin Corporation Limited will be
    consolidated into ordinary shares of HKD0.01 each ("New Shares") (after   
    capital reduction) on the basis of 20 into 1 subject to its shareholders' 
    approval at the Special General Meeting to be held on 23/05/2005.  Upon   
    the proposals becoming effective, a temporary counter under stock code    
    2983 and stock short name "XIN CORP" will be established for trading in   
    board lots of 200 New Shares each to replace the present counter (stock   
    code: 1141) for trading in board lots of 4,000 Old Shares each effective  
    from Tuesday, 24/05/2005.