YUE FUNG INT'L<00965> - Share Consolidation

Market participants are requested to note that the shareholders 
of Yue Fung International Group Holding Limited ("YUE FUNG INT'L") 
have approved the consolidation of shares on the 
basis of 200 then existing ordinary shares ("Old Shares") of 
YUE FUNG INT'L into 1 new ordinary shares ("New Shares").  
Effective from today (30/09/2002), 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 previous counter (stock code: 965) for 
trading in board lots of 2,000 Old Shares each.