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China Pipe Group Limited Board/Management Information 2000

Jul 24, 2000

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永恩國際集團有限公司

PRIME SUCCESS

INTERNATIONAL GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

ANNOUNCEMENT OF APPOINTMENT OF DIRECTORS

The board of directors (the "Board") of Prime Success International Group Limited (the "Company") is pleased to announce that with effect from 21st July, 2000, Mr Chu Chi Ping is appointed as executive director of the Company. Mr Liu Yun Fang and Mr Chen Bao Yih are appointed as non-executive directors of the Company in the same date.

By order of the Board

Prime Success International Group Limited

Chang Wen I

Chairman

Hong Kong, 21st July, 2000

"Please also refer to the published version of this announcement in the Hong Kong i-mail"