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China Pipe Group Limited Board/Management Information 2000

May 29, 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 Resignation of director

The board of directors (the "Board") of Prime Success International Group Limited (the "Company") announces that Mr Lu Teng Feng, Clark resigned as executive director of the Company with effect from 26th May, 2000.

The Board would like to express appreciation to Mr Lu Teng Feng, Clark for his valuable contributions to the Company during his past service with the Company.

By Order of the Board

Prime Success International Group Limited

Chang Wen I

Chairman

Hong Kong, 26th May, 2000

"Please also refer to the published version of this announcement in the Hong Kong Standard"