TCL INTERNATIONAL HOLDIGNS LIMITED<1070> - Announcement

This announcement is for information purposes only and does not 
constitute an invitation or offer to acquire, purchase or subscribe 
for securities.

The Stock Exchange of Hong Kong Limited and Hong Kong Securities 
Clearing Company Limited take no responsibility for the contents 
of this announcement, make no representation as to its accuracy or 
completeness and expressly disclaim any liability whatsoever for 
any loss howsoever arising from or in reliance upon the whole or 
any part of the contents of this announcement.

Unless otherwise defined in this announcement, terms defined in the 
Prospectus (as defined below) have the same meaning when used in 
this announcement.

TCL INTERNATIONAL HOLDIGNS LIMITED
(Incorporated in the Cayman Islands with limited liability)

PLACING AND NEW ISSUE

Number of Placing Shares : 540,000,000 Shares, subject to adjustment
Number of New Issue Shares : 60,000,000 Shares, subject to adjustment
Number of Employees Shares :  5,200,000 Shares (comprising 3,200,000 
  Shares from the Placing and 2,000,000 Shares from the New Issue)
Issue Price : HK$1.75 per Share
Nominal Value : HK$0.10 each
Stock Code : 1070

Sponsor, Global Coordinator and Lead Manager

BOCI ASIA LIIMITED

Co-lead Managers

Cazenove Asia Limited           DBS Asia Capital Limited  
Salomon Smith Barney

Co-Managers

Platinum Securities Company Limited     The Bank of East Asia, Limited  
Celestial Securities Limited
Kim Eng Securities (Hong Kong) Limited  Pacific Challenge Capital Limited
First Shanghai Capital Limited          Vickers Ballas Capital Limited

Summary

*  Valid applications pursuant to the New Issue on WHITE and YELLOW 
application forms for a total of 719,142,000 Shares, equivalent to 
approximately 11.40 times over-subscription based on the total 
number of Shares initially available for subscription under the New 
Issue (excluding 2,000,000 Employee Shares which were validly 
applied for on PINK application forms) have been received.

*  Valid application on PINK application forms for 5,200,000 Shares, 
equivalent to 100% of the total number of Shares available for 
application on PINK application forms, have been received. Full 
allocation will be conditionally made to the applications made on 
PINK application forms.

*  The initial 536,800,000 Placing Shares (after deducting 3,200,000 
Employee Shares which were validly applied for on PINK application 
forms) received sizeable demands and were significantly over-
subscribed, and will be conditionally allocated in full.

*  Share certificates which the applicants have not chosen personal 
collection or which are so available for personal collection but 
are not collected in person are expected to be posted by ordinary 
post to those entitled at their own risk on Thursday, 25th November, 
1999 or (in the case of uncollected share certificates) immediately 
thereafter.

*  Share certificates of Shares allotted to applicants using YELLOW 
application forms are expected to be deposited into CCASS for credit 
to their designated CCASS participants' stock accounts at the close 
of business on Thursday, 25th November, 1999.

*  Dealings in the Shares on the Stock Exchange are expected to 
commence at 10:00 a.m. on Friday, 26th November, 1999.

Unless otherwise defined herein, terms defined in the prospectus 
dated 17th November, 1999 (the "Prospectus") issued by TCL 
International Holdings Limited (the "Company") shall have the same 
meanings in this annoucement.

Applications received and allocation of Shares

The Directors announce that at the close of the application lists 
at 12:00 noon on Monday, 22nd November, 1999, a total of 1,905 valid 
applications have been received pursuant to the New Issue on WHITE 
and YELLOW application forms for a total of 719,142,000 Shares, 
equivalent to approximately 11.40 times over-subscription based on 
the total number of Shares initially available for subscription under 
the New Issue (after deducting 2,000,000 Employee Shares which were 
validly applied for on PINK application forms). Of the applications 
received on WHITE and YELLOW application forms, a total of 1,858 
valid applications have been received for a total of 336,842,000 
Shares with an aggregate price (excluding the brokerage and Stock 
Exchange transaction levy, payable on the Issue Price of HK$1.75) 
of HK$5 million or less (equivalent to approximately 10.62 times 
over-subscription of the total number of Shares initially available 
under Pool A). Of the applications received on WHITE and YELLOW 
application forms, a total of 47 valid applications have been 
received for a total of 382,300,000 Shares with an aggregate price 
(excluding the brokerage and Stock Exchange transaction levy, 
payable on the Issue Price of HK$1.75) of HK$5 million and above 
(equivalent to approximately 12.18 times over-subscription of the 
total number of Shares initially available under Pool B). No 
application for more than 100% of the Shares initially being offered 
to the public for subscription under Pool A or Pool B of the New 
Issue has been identified. BOC International Holdings Limited, which 
is the holding company of BOCI Asia Limited, has applied for 
29,000,000 New Issue Shares and will be allotted 2,030,000 Shares 
pursuant to the basis of allocation described below. BOCI Direct 
Investment Management Limited, which is a wholly-owned subsidiary 
of BOC International Holdings Limited, has applied for 10,000,000 
New Issue Shares and will be allotted 750,000 Shares pursuant to 
the basis of allocation described below.

The Directors also announce that 64 applications on PINK application 
forms have been received from full-time employees of the Group for 
5,200,000 Shares, which is equivalent to 100% of the total number 
of 5,200,000 Shares available for application on PINK application 
forms.

The Directors further announce that $536,800,000 Placing Shares 
initially available under the Placing (after deducting 3,200,000 
Employee Shares which were validly applied for on PINK application 
forms) received sizeable demands and were significantly over-
subscribed and will be conditionally allocated in full.

Results of allotment

Valid applications made by the public on WHITE or YELLOW application 
forms will be conditionally allotted on the following basis:

Pool A 
                                  
Number of New 
Issue Shares           Number of valid 
applied for            applications     Basis of allocation

Approximate percentage of New 
Issue Shares to be allocated based 
on the total number of New Issue
Shares applied for

Pool B

Number of New 
Issue Share           Number of valid 
applied for           applications      Basis of allocation

Approximate percentage of New 
Issue Shares to be allocated based 
on the total number of New Issue 
Shares applied for

2,000    216   109 out of   216 to receive   2,000 New Issue Shares  
50.46%     2,900,000     1     232,000  New Issue Shares      8.00%

4,000   122   98 out of   122 to receive   2,000 New Issue Shares
40.16%   3,000,000  10  240,000  New Issue Shares   8.00%

6,000   100 92 out of  100 to receive  2,000 New Issue Shares
30.67%   3,200,000   2  256,000  New Issue Shares  8.00%

8,000   54  50 out of  54 to receive   2,000 New Issue Shares
23.15%  3,400,000  1   272,000   New Issue Shares  8.00%

10,000  227  217 out of   227 to receive  2,000 New Issue Shares
19.12%  3,600,000  1  288,000  New Issue Shares  8.00%

12,000   63  62 out of   63 to receive  2,000 New Issue Shares
16.40%  3,800,000   1    304,000 New Issue Shares  8.00%

14,000    21   2,000  New Issue Shares plus   1 out of   21 to receive
additional 2,000 New Issue Shares   14.97%  4,000,000  2
320,000 New Issue Shares   8.00%

16,000  26    2,000 New Issue Shares plus   3 out of
26 to receive  additional 2,000 New Issue Shares  13.94%
4,400,000   1   352,000 New Issue Shares  8.00%

18,000   33   2,000 New Issue Shares plus  6 out of
33 to receive  additional 2,000 New Issue Shares  13.13%
5,000,000  7  400,000  New Issue Shares  8.00%  

20,000  156   2,000  New Issue Shares plus  37 out of
156 to receive additional 2,000 New Issue Shares  12.37%
5,400,000   1   432,000 New Issue Shares 8.00% 

30,000 119  2,000 New Issue Shares plus 49 out of  119 to receive
additional 2,000 New Issue Shares   9.41% 7,000,000   1   560,000 
New Issue Shares  8.00%  

40,000  44  2,000 New Issue Shares plus  36 out of   44 to receive
additional 2,000 New Issue Shares  9.09%   7,200,000  1 
576,000 New Issue Shares   8.00%

50,000   93  4,000 New Issue Shares plus   24 out of   93 to receive
additional 2,000 New Issue Shares  9.03%   7,500,000  1  600,000
New Issue Shares    8.00%

60,000  49  4,000 New Issue Shares plus   35 out of  49 to receive
additional 2,000 New Issue Shares 9.05%    7,600,000  2   608,000
New Issue Shares   8.00%

70,000   20  6,000 New Issue Shares plus    3 out of  20 to receive
additional 2,000 New Issue Shares  9.00%    7,800,000  1   624,000
New Issue Shares   8.00%

80,000  18  6,000 New Issue Shares plus     11 out of  18 to receive
additional 2,000 New Issue Shares  9.03%    8,000,000  2  640,000
New Issue Shares   8.00%

90,000    7   8,000 New Issue Shares             8.89%   
8,800,000  1   704,000 New Issue Shares            8.00%

100,000  108   8,000 New Issue Shares plus   54 out of   108 to 
receive additional 2,000 New Issue Shares  9.00%
10,000,000  3  750,000 New Issue Shares              7.50%

150,000    19    12,000 New Issue Shares plus  14 out of  19 to 
receive additional 2,000 New Issue Shares   8.98%
13,900,000  1  1,042,000 New Issue Shares            7.50%

200,000   54     18,000 New Issue Shares                9.00%
17,000,000   1    1,274,000 New Issue Shares           7.49%

250,000    20      22,000New Issue Shares plus   5 out of
20 to receive additional 2,000 New Issue Shares        9.00%
18,000,000   1  1,350,000 New Issue Shares               7.50%

300,000  61  26,000 New Issue Shares plus       30 out of
61 to receive additional 2,000 New Issue Shares        8.99%
22,000,000   1     1,606,000 New Issue Shares           7.30%

350,000     14     30,000 New Issue Shares plus      10 out of
14 to receive additional 2,000 New Issue Shares       8.98%
23,000,000   1      1,666,000 New Issue Shares         7.24%

400,000  16   36,000 New Issue Shares                   9.00%
28,000,000  1    1,960,000 New Issue Shares            7.00%

500,000  45  44,000 New Issue Shares plus        22 out of
45 to receive  additional 2,000 New Issue Shares   9.00%
29,000,000  2   2,030,000 New Issue Shares          7.00%

600,000   10    54,000 New Issue Shares                9.00%
         Total   47

700,000  11   62,000 New Issue Shares plus   5 out of
11 to receive  additional 2,000 New Issue Shares     8.99%

800,000     4     72,000 New Issue Shares            9.00%

900,000      15   80,000 New Issue Shares plus     7 out of
15 to receive additional 2,000 New Issue Shares  8.99%

1,000,000     48   84,000 New Issue Shares             8.40%

1,200,000      5      96,000 New Issue Shares           8.00%

1,400,000      2   112,000 New Issue Shares           8.00%

1,500,000      3     120,000 New Issue Shares        8.00%

1,600,000       2      128,000 New Issue Shares         8.00%

1,800,000      2   144,000 New Issue Shares            8.00%

2,000,000      11     160,000 New Issue Shares      8.00%

2,200,000       1     176,000 New Issue Shares        8.00%

2,400,000      1     188,000 New Issue Shares         7.83%

2,500,000      6     190,000 New Issue Shares        7.60%

2,600,000       1   196,000 New Issue Shares          7.54%

2,800,000      31      210,000New Issue Shares plus  2 out of
31 to receive      additional 2,000 New Issue Shares  7.50%

    Total     1,858

Results of Investor Participants' applications

The following are the results of investor participants' wholly or 
partially successful applications using the YELLOW application 
forms:

HK I.D. Card/Business Registration number 
of the Investor participant              Number of Shares allotted

HK I.D. Card/Business Registration number 
of the Investor participant           Number of Shares allotted

B073487(5)   2,000       H011143(2)        2,000
G710264(9) 10,000       G481299(8)         14,000
P510469(A)  14,000      E294074(8)            nil

Results of applications made on white application forms

The following are the identification document numbers (where 
supplied) of successful applicants using WHITE application forms 
and the number of Shares to be conditionally allotted to them. 
Applicants who have not provided their identification document 
numbers are not shown.

Identification document         Number of
Number                           Shares allotted

AZ06044                      2,000 
A057707(6)                   2,000 
A107276(8)               84,000 
A109984(4)                4,000 
A111190(9)               4,000 
A165098(2)               28,000 
A205204(3)                  4,000 
A205205(1)               4,000 
A214097(A)                    2,000 
A235092(3)                   2,000 
A253771(3)                   2,000 
A314197(A)                     8,000 
A321150(1)                    2,000 
A350101(1)                   2,000 
A353978(7)                18,000 
A370916(A)               2,000 
A372739(7)                  44,000 
A374102(0)                2,000 
A381347(1)                  2,000 
A401114(A)               4,000 
A405359(4)                28,000 
A407980(1)                2,000 
A438528(7)                  4,000 
A448441(2)                 2,000 
A477195(0)               2,000 
A478540(4)  D170506(8)            2,000 
A490221(4)               2,000 
A493676(3)               2,000 
A494033(7)              2,000 
A495856(2)             2,000 
A501303(0)              2,000 
A503013(A)                  36,000 
A517555(3)                36,000 
A529721(7)               2,000 
A530968(1)                  2,000 
A531907(5)                2,000 
A536107(1)                  14,000 
A553683(1)               2,000 
A554286(6)               4,000 
A557555                2,000 
A598655(1)             2,000 
A631454(9)             4,000 
A667405(7)            4,000 
A673945(0)              2,000 
A676676(8)                8,000 
A679581(4)               2,000 
A696798(4)                2,000 
A703538(4)              6,000 
A723502(2)            18,000 
A724639(3)              2,000 
A734078(0)            10,000 
A734658(4)          18,000 
A746451(A)             2,000 
A756078(0)             2,000 
A764675(8)             2,000 
A773807(5)             2,000 
A788735(6)             2,000 
A807130(9)            272,000 
A808224(6)             4,000 
A809718(9)          304,000 
A815690(8)            2,000 
A822141(6)          2,000 
A829254(2)              2,000 
A835900(0)             4,000 
A839834(0)            6,000 
A848315(1)             2,000 
A850660(7)             4,000 
A851624(6)             2,000 
A852328(5)              2,000 
A857813(6)              2,000 
A862068(A)              2,000 
A888527(6)              2,000 
A889829(7)              2,000 
A891139(0)              2,000 
A892591(A)              2,000 
A896689(6)              2,000 
A897317(5)              8,000 
A899195(5)              2,000 
A909568(6)              4,000 
A911943(7)               6,000 
A912350(7)             2,000 
A913160(7)              4,000 
A913422(3)              2,000 
A915432(1)              2,000 
A918100(0)             6,000 
A919911(2)              10,000 
A921472(3)              44,000 
A933831(7)             46,000 
A935083(A)            18,000 
A942296(2)             2,000 
A952015(8)             8,000 
A960337(1)             2,000 
A960623(0)             2,000 
A960701(6)              18,000 
A964419(1)             2,000 
A972992(8)               4,000 
A974274(6)              4,000 
A976608(4)             14,000 
A982380(0)             2,000 
A984542(1)             2,000 
A984724(6)             4,000 
A994322(9)             36,000 
A996547(8)              2,000 
A998396(4)              2,000 
BC04315(4)                210,000 
BC09348(2)                144,000 
B010286(0)                2,000 
B042217(2)                4,000 
B042218(0)                2,000 
B045719(7)                4,000 
B053423(A)                8,000 
B073487(5)                2,000 
B107132(2)                2,000 
B182066(A)                4,000 
B191262(9)                2,000 
B302238(8)                18,000 
B313622(4)                2,000 
B383694(6)                2,000 
B395832(4)                2,000 
B435384(1)                2,000 
B441591(A)                2,000 
B497783(7)                36,000 
B511401(8)                96,000 
B522708(4)                4,000 
B544333(A)                2,000 
B637241(A)                2,000 
B676217(A)                2,000 
B690057(2)                160,000 
B717526(A)                2,000 
B722966(1)                18,000 
B725289(2)                4,000               
B726418(1)                2,000 
B747783(5)                26,000 
B753403(0)                2,000 
B761278(3)                18,000 
B779926(3)                54,000 
B839582(4)                2,000 
B865539(7)                2,000 
B875409(3)                4,000 
B959266(6)                10,000 
C085872(0)                2,000 
C232267(4)                2,000 
C233437(0)                6,000 
C255930(5) C255931(3)                10,000 
C256321(3)                8,000 
C266897(A)                2,000 
C280474(1)                2,000 
C282723(7)                2,000 
C283665(1)                2,000 
C291824(0)                8,000 
C302550(9)                2,000 
C318031(8)                10,000 
C319977(9)                26,000 
C341707(5)                2,000 
C342863(8)                2,000 
C350893(3)                2,000 
C353106(4)                2,000 
C358284(A)                2,000 
C360007(4)                2,000 
C361421(0)                2,000 
C366369(6)                2,000 
C369178(9)                2,000 
C370836(3)                2,000 
C384849(1)                2,000 
C388012(3)                2,000 
C393188(7)                2,000 
C395280(9)                2,000 
C397481(0)                2,000 
C399789(6)                6,000 
C408253(0)                2,000 
C410088(1)                2,000 
C419916(0)                2,000 
C422213(8)                2,000 
C423331(8)                2,000 
C425981(3)                2,000 
C440375(2)                2,000 
C452408(8)                2,000 
C457159(0)                2,000 
C471497(9)                18,000 
C473437(6)                2,000 
C480484(6)                2,000 
C486199(8)                2,000 
C493099(A)                2,000 
C494352(8)                4,000 
C497095(9)                6,000 
C505763(7)                2,000 
C507949(5)                2,000 
C513892(0)                2,000 
C514662(1)                2,000 
C515381(4)                6,000 
C527993(1)                4,000 
C528077(8)                2,000 
C530298(4)                2,000 
C532321(3)                26,000 
C542031(6)                8,000 
C542049(9)                2,000 
C544776(1)                2,000 
C552811(7)                2,000 
C553124(A)                4,000 
C561471(4)                4,000 
C569962(0)                2,000 
C579776(2)                2,000 
C593991(5)                2,000 
C597510(5)                4,000 
C608104(3)                2,000 
C612016(A)                2,000 
C619513(8)                2,000 
C620690(3)                2,000 
C620992(9)                2,000 
C624744(8)                2,000 
C629851(4)                2,000 
C632877(4)                2,000 
C633015(9)                4,000 
C636853(9)                2,000 
C636864(4)                2,000 
C639167(0)                2,000 
C642476(5)                2,000 
C644130(9)                2,000 
C646440(6)                2,000 
C655844(3)                2,000 
C658166(6)                2,000 
C658657(9)                4,000 
C660900(5)                2,000 
D004735(0)                2,000 
D010374(9)                2,000 
D013737(6)                2,000 
D016740(2)                6,000 
D024995(6)                2,000 
D039874(9)                2,000 
D043266(1)                4,000 
D045143(7)                2,000 
D047283(3)                2,000 
D051030(1)                2,000 
D054000(6)                12,000 
D057366(4)                46,000 
D058871(8)                4,000 
D061064(0)                2,000 
D068093(2)                8,000 
D068117(3)                4,000 
D077512(7)                2,000 
D085079(A)                6,000 
D087327(7)                2,000 
D087330(7)                6,000 
D088673(5)                26,000 
D090501(2)                2,000 
D091548(4)                2,000 
D093277(A)                4,000 
D097858(3)                8,000 
D098873(2)                6,000 
D102301(3)                2,000 
D107794(6)                8,000 
D108199(4)                4,000
D116160(2)               2,000
D121704(7)               2,000
D125577(1)               2,000
D126423(1)               2,000
D134583(5)               2,000
D134887(7)               84,000
D141825(5)               2,000
D147704(9)               2,000
D167778(1)               2,000
D168896(1)               2,000
D178572(A)               18,000
D179184(3)               4,000
D181990(A)               2,000
D187315(7)               2,000
D187807(8)               2,000
D188167(2)               2,000
D196154(4)               4,000
D196914(6)               2,000
D204936(9)               2,000
D207447(9)               2,000
D213123(5)               2,000
D214788(3)               10,000
D215420(0)               2,000
D219319(2)               6,000
D221062(3)               2,000
D223158(2)               2,000
D225074(9)               2,000
D229308(1)               2,000
D243208(1)               2,000
D245852(8)               2,000
D249800(7)               4,000
D251145(3)               2,000
D252364(8)               2,000
D254851(9)               4,000
D255421(7)               4,000
D257010(7)               2,000
D258028(5)               44,000
D263041(A)               4,000
D263682(5)               2,000
D265658(3)               2,000
D265659(1)               2,000
D271917(8)               2,000
D272246(2)               2,000
D275798(3)               4,000
D276929(9)               2,000
D278687(8)               4,000
D284871(7)               26,000
D285164(A)               2,000
D285888(7)               2,000
D289348(8)               2,000
D290034(4)               2,000
D290069(7)               2,000
D293582(2)               2,000
D306830(8)               2,000
D313827(6)               2,000
D317639(9)               2,000
D323816(5)               2,000
D334360(0)               4,000
D338621(0)               2,000
D339915(0)               2,000
D340431(6)               2,000
D341480(A)               2,000
D342969(6)               2,000
D345368(6)               4,000
D345605(7)               6,000
D347458(6)               2,000
D355013(4)               2,000
D360625(3)               2,000
D377097(5)               2,000
D382471(4)               2,000
D390828(4)               2,000
D391262(1)               24,000
D395670(A)               2,000
D396634(9)               2,000
D397263(2)               2,000
D399120(3)               2,000
D399471(7)               4,000
D406598(1)               2,000
D408895(7)               4,000
D410092(2)               2,000
D414198(A)               2,000
D414283(8)               4,000
D424829(6)               2,000
D428875(1)               2,000
D430541(9)               2,000
D433346(3)               4,000
D440378(A)               2,000
D441935(A)               8,000
D442834(0)               10,000
D450154(4)               2,000
D451316(A)               6,000
D454505(3)               4,000
D470360(0)               2,000
D471494(7)               4,000
D471588(9)               6,000
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L562252(6)               4,000
M119806(6)               4,000
PCHN145(9)               4,000
P014423(5)               2,000
P033217(1)               6,000
P055665(7)               2,000
P068061(7)               4,000
P080049(3)               10,000
P097287(1)               2,000
P097931(0)               2,000
P102033(5)               4,000
P104999(6)               2,000
P128017(5)               2,000
P132493(8)               2,000
P137506(0)               2,000
P148926(0)               4,000
P165076(2)               2,000
P181568(0)               4,000
P196554(2)               2,000
P252116(8)               2,000
P257025(8)               4,000
P270550(1)               2,000
P277136(9)               2,000
P280369(4)               2,000
P302644(6)               4,000
P305015(0)               2,000
P310576(1)               8,000
P312074(4)               2,000
P316251(A)               4,000
P322360(8)               4,000
P339785(1)               4,000
P343906(6)               6,000
P350001(6)               2,000
P350498(4)               2,000
P377842(1)               2,000
P419192(0)               8,000
P429860(1)               2,000
P435592(3)               2,000
P449242(4)               2,000
P463454(7)               4,000
P484328(6)               4,000
P498610(9)               2,000
P510469(A)               18,000
P527052(2)               2,000
P543378(2)               4,000
P547483(7)               30,000
P554587(4)               2,000
P587292(1)               2,000
P594935(5)               2,000
P622114(2)               4,000
P633779(5) P710599(5)    4,000
P634736(7)               4,000
P641138(3)               84,000
P672988(A)               2,000
P675518(A)               10,000
P678692(1)               2,000
P702214(3)               2,000
P708550(1)               4,000
P725198(3)               2,000
P736495(8)               8,000
P752310(A)               2,000
P767171(0)               2,000
P796099(2)               10,000
P813135(3)               2,000
P833886(1)               2,000
P875803(8)               2,000
P876345(7)               2,000
P877418(1)               4,000
P897943(3)               2,000
V000103(1)               2,000
V003269(7)               2,000
V007840(9)               4,000
V007841(7)               4,000
V016018(0)               2,000
V030481(6)               4,000
V033842(7)               2,000
V039852(7)               2,000
XA05486(4)               2,000
XC59544(4)               6,000               
XD33050(9)               4,000               
XD49865(2)               2,000
XG37426(2)               6,000
Z143834(5)               2,000
Z296911(5) K628125(7)    2,000
Z441630(A)               2,000
00779520               2,000
02094469               2,000
03049407               2,000
03250719               2,000
03810769               2,000
03813466               44,000
04802426               46,000
04802426               210,000
04802426               240,000
04802426               640,000
04802426               1,042,000
04802426               1,350,000
04802426               2,030,000
06385501               2,000
09440122               4,000
10442759               4,000
105698                 84,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               2,000
14422325               6,000
14609531               6,000
16305377               8,000
3488110               608,000
554816               210,000
61191287               600,000

Collection/Despatch of Share certificates and refund cheques

Share certificates for successful application on WHITE application 
forms are expected to be despatched by ordinary post to those entitled 
at their own risk on Thursday, 25th November, 1999. Applicants who 
have indicated in their application forms their wish to collect share 
certificates in person may collect their Share certificates from 
Tengis Limited, 1601 Hutchison House, 10 Harcourt Road, Central, 
Hong Kong. The time and date of collection of Share certificates 
are between 9:00 a.m. and 1:00 p.m. on Thursday, 25th November, 1999. 
Identification and (where appropriate) authorisation document 
acceptable to Tengis Limited must be produced at the time of 
collection. Uncollected Share certificates will be despatched by 
ordinary post at the applicants' own risk immediately thereafter.

Deposit of Share Certificates into CCASS

For those wholly or partially successful applicants using the YELLOW 
application forms who are allotted Shares in the name of HKSCC 
Nominees Limited, the allotted Shares, subject to any adjustments, 
will be deposited directly into CCASS for credit to the stock accounts 
of the investor participants or their designated CCASS participants' 
stock accounts maintained in CCASS at the close of business on 
Thursday, 25th November, 1999 or such other date as determined by 
Hongkong Clearing or HKSCC Nominees Limited. For applicants applying 
through their designated CCASS participants (other than investor 
participants), they can arrange with their designated CCASS 
participants to advise them of the number of Shares allotted under 
their applications. Applicants applying as investor participants 
should check against the results of investor participants' 
applications published herein and report any discrepancies to 
Hongkong Clearing before noon on Thursday, 25th November, 1999 or 
any other date Hongkong Clearing or HKSCC Nominees chooses. On Friday, 
26th November, 1999 (the next day following the credit of the Shares 
to the stock accounts of investor participants), such applicants 
can check their new account balance via the CCASS Phone System (under 
the procedures contained in Hongkong Clearing's "An Operating Guide 
for Investor Participants" in effect from time to time). Hongkong 
Clearing will also mail to such applicants an Activity Statement 
showing the number of New Issue Shares credited to their stock 
accounts.

Commencement of Dealings

Dealings in the Shares on the Stock Exchange are expected to commence 
at 10:00 a.m. on Friday, 26th November, 1999.

By order of the Board
TCL International Holdings Limited
Li Dong Sheng, Tomson
Chairman

Hong Kong, 24th November, 1999