Dynamic Holdings Limited — Share Issue/Capital Change 2001

Dec 24, 2001

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

	DYNAMIC HOLDINGS LIMITED (Incorporated in Bermuda with limited liability)

ADOPTION OF A NEW SHARE OPTION SCHEME AND

TERMINATION OF THE EXISTING SHARE OPTION SCHEME

At the Annual General Meeting of the Company held on 21st December, 2001, the resolution relating to adoption of a New Share Option Scheme and termination of the Existing Share Option Scheme was duly passed.

Reference is made to the circular of the Company dated 29th October, 2001 in respect of the proposals for, inter alia, adoption of a New Share Option Scheme and termination of the Existing Share Option Scheme (the ``Circular''). Terms used in this announcement shall have the same meaning as defined in the Circular unless provided otherwise.

The Board of the Company is pleased to announce that at the Annual General Meeting of the Company held on 21st December, 2001, the resolution relating to adoption of a New Share Option Scheme and termination of the Existing Share Option Scheme was duly approved by the shareholders of the Company.

By Order of the Board

Wong Oi Yee, Polly

Company Secretary

Hong Kong, 21st December, 2001

Please also refer to the published version of this announcement in the (Hong Kong iMail)