The Stock Exchange of Hong Kong Limited (the Exchange) announces that the listing of shares of Yue Fung International Group Holding Limited (provisional liquidators appointed) (the Company) will be cancelled with effect from 9:30 a.m. on 20 January 2005 in accordance with the delisting procedures stipulated in Practice Note 17 to the Listing Rules (the Delisting Procedures).  Practice Note 17 to the Listing Rules formalises the procedures to be adopted to delist long-suspended companies.

Dealings in the Company's shares have been suspended since 16 December 2002.  Accordingly, dealings in the Company's shares have effectively been suspended for over 24 months. 

The Company was put into the third stage of the Delisting Procedures on 10 June 2004.  Pursuant to the Delisting Procedures, at the end of the third stage which in the case of the Company was 9 December 2004 (the Deadline), where no valid proposals have been received for resumption, the listing of the Company's shares will be cancelled.  Following the suspension in trading in the Company's shares and before the Deadline, two resumption proposals were submitted to the Exchange on 22 April 2004 and 19 November 2004 respectively.  However, the Listing Division decided that the resumption proposals were not viable.  By the end of the Deadline, the Company has not submitted any valid proposal for resumption.

The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement informing the public of the cancellation of the listing of its shares on the same day of this announcement.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.