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PegBio Co., Ltd. Board/Management Information 2000

Dec 13, 2000

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HUNG FUNG GROUP HOLDINGS LIMITED

雄豐集團控股有限公司法*

(Incorporated in Bermuda with limited liability)

Resignation of Executive Director

The board of Directors (the Board'') of Hung Fung Group Holdings Limited (theCompany'') announces that Mr. Ho Sun Fung Allan has resigned as an executive director of the Company with effect from 12 December 2000 and the Board would like to express its appreciation for the valuable contributions of Mr. Ho to the Company.

By Order of the Board

Lo Ming Chi

Chairman

Hong Kong SAR, 12 December 2000

* The Chinese name is for identification only

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