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Matrix Holdings Limited Board/Management Information 2000

Oct 20, 2000

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MATRIX HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

The Board of Directors of Matrix Holdings Limited (the "Company") announces that Mr. Fung Lai Yin has resigned as a Non-executive Director of the Company on 18th October, 2000.

By Order of the Board of

Matrix Holdings Limited

Cheng Yung Pun

Chairman

Hong Kong, 19th October, 2000

Please also refer to the published version of this announcement in the i Mail dated 20/10/2000.