CWT International Limited — Board/Management Information 2004

Jan 8, 2004

WAH TAK FUNG HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

NOTICE OF RESIGNATION OF DIRECTOR

The board of directors of Wah Tak Fung Holdings Limited (“the Company”) announces that Mr. Lu Xin resigned as an executive director and managing director of the Company with effect from 8th January 2004.

By Order of the Board Chu David Yu Lin Chairman

Hong Kong, 8th January 2004

Please also refer to the published version of this announcement in The Standard.

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