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Shanghai Able Digital Science&Tech Co., Ltd. Board/Management Information 2000

Nov 1, 2000

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SOUTH EAST ASIA WOOD INDUSTRIES HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

Resignation of director

The Board of Directors of South East Asia Wood Industries Holdings Limited (the "Company") announces that Mr. Yiu Wing Ngok, Steve ("Mr. Yiu") resigned as executive director of the Company with effect from 31 October, 2000. The Board of Directors would like to thank Mr. Yiu for his invaluable contribution to the Company.

By Order of the Board

SOUTH EAST ASIA WOOD INDUSTRIES

HOLDINGS LIMITED

Peter Kwok Viem

Chairman

Hong Kong, 31st October, 2000

Please also refer to the published version of this announcement in the i Mail dated 1/11/2000.