The Stock Exchange of Hong Kong today (Monday) posted a report on listed companies which were not Y2K compliant by September 30, 1999, on its web site (http://www.sehk.com.hk).

In view of the importance of the Y2K issue, the Exchange had required all listed companies to disclose their unresolved exposure to the Y2K problem by paid announcement by October 15, 1999 if they were not Y2K compliant as at September 30, 1999. 

The Exchange has summarised the information received and compiled a report of those companies which notified the Exchange and reported in their most recent published announcements, interim and annual reports that they had not or did not expect to achieve Y2K compliant by September 30, 1999. 

"We believe the report will increase the transparency of listed companies' disclosure in Y2K readiness.  It will provide investors with information about listed companies' Y2K compliance based on listed companies most recent published announcements, interim and annual reports, to help them make informed investment decisions," Lawrence Fok, Senior Executive Director of Regulatory Affairs Group, said.

A copy of the report is attached for your reference, investors may refer to the report on the Exchange's web site.  They may also use the Primary Market Database on the web site for details of company announcements.

LISTED ISSUERS - REPORT ON THE YEAR 2000 READINESS AS AT SEPTEMBER 30, 1999

In March and September 1999 the Stock Exchange of Hong Kong Limited (the "Exchange") wrote to all listed issuers regarding the disclosure obligations in relation to the Year 2000 Problem. Issuers, which were not Year 2000 compliant as at 30th September, 1999, were required to disclose this and their outstanding exposure to the Year 2000 Problem by way of a paid announcement, to be published no later than 15th October, 1999.

In view of the importance of the Year 2000 Problem and to provide the market with infol1nation about issuers' Year 2000 readiness, the Exchange has compiled a list of those issuers which notified the Exchange and reported in their most recent published announcements, interim and annual reports that they had not or did not expect to achieve Year 2000 compliance by 30th September, 1999.  That list is set out in the table below.

The Exchange hereby makes no warranty and/or representation as to the accuracy and/or completeness of the list and expressly disclaims any responsibility or liability whatsoever for any loss or damage howsoever arising whether as a result of reliance on or use of any information in this report or otherwise.

If you would like more information about each of the above issuer's exposure to the Year 2000 Problem, you should refer to the Year 2000 Problem disclosures set out in each issuer's announcements, interim and annual reports or visit its own website. Issuers' Year 2000 Problem disclosures can also be found at the Exchange's website (http://www.sehkcom.hk/primarket).

Corporate Communications Department