YUE FUNG INT'L<00965> - Share Consolidation

Market participants are requested to note that the ordinary
shares of HK$0.01 each ("Old Shares") in the 
capital of Yue Fung International Group Holding Limited will be 
consolidated into ordinary shares of HK$0.01 each 
(After Capital Reduction)("New Shares") on the basis 
of 200 into 1 subject to its shareholders' approval at the 
Special General Meeting to be held on 27/09/2002.  
Upon the proposals becoming effective, a temporary 
counter under stock code 2977 and stock short name "YUE FUNG INT'L" 
will be established for trading in board lots of 10 New Shares 
each to replace the present counter (stock code: 965) for trading 
in board lots of 2,000 Old Shares each effective from Monday, 
30/09/2002.