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Planetree International Development Limited Board/Management Information 2000

Jul 27, 2000

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YUGANG INTERNATIONAL LIMITED

(渝港國際有限公司)*

(incorporated in Bermuda with limited liability)

ANNOUNCEMENT

Yugang International Limited (the “Company”) regrets to announce that Mr. Lam Cheung Mo passed away on 25th July, 2000 and accordingly ceased to be a director of the Company by reason of his death.

The Company wishes to state that the past contribution of Mr. Lam Cheung Mo to the Company is well appreciated.

By Order of the Board
Yuen Wing ShingDirectorHong Kong, 26th July, 2000

* For identification purpose only