KING PACIFIC<0072> - Announcement
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.
KING PACIFIC INTERNATIONAL HOLDINGS LIMITED
(Incorporated under the laws of Bermuda with limited liability)
The year 2000 compliance issue
The board of directors (the ``Board'') of King Pacific International
Holdings Limited (the ``Company'') is pleased to announce that the
Company together with its subsidiaries (the ``Group'') have achieved
Year 2000 compliance on 30th September, 1999.
The Board is pleased to announce that the Group has achieved Year
2000 compliance on 30th September, 1999. The Group's compliance
program and progress updates regarding Year 2000 compliance will be
disclosed in the 1999 Annual Report. The Group has completed the
modification and upgrading of the Group's equipment and software as
planned.
The Board will continue to monitor the operation of the computer
system of the Group to ensure that operations will not be disrupted
as a result of the Year 2000 issue. The Board is confident that Year
2000 issue would not have any material impact on the Group's
operations.
By order of the board
King Pacific International Holdings Limited
Cheng Chao Ming
Managing Director
Hong Kong, 14th October, 1999
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