ALPHA GENERAL<00073> - Share Consolidation

Market participants are requested to note that the shareholders of 
Alpha General (Holdings) Limited ("ALPHA GENERAL") have approved the 
consolidation of shares on the basis of 20 then existing ordinary shares 
("Old Shares") of ALPHA GENERAL into 1 new ordinary shares ("New Shares"). 
Effective from today (28/01/2003), a temporary counter under stock code 
2912 and stock short name "ALPHA GENERAL" will be established for trading 
in board lots of 100 New Shares each to replace the previous counter 
(stock code: 73) for trading in board lots of 2,000 Old Shares each.