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Sinopec Engineering Group Co Ltd. Board/Management Information 2000

Sep 1, 2000

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UNIVERSE INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

RESIGNATION OF DIRECTOR

The Board of Directors of Universe International Holdings Limited (the "Company") announces that Mr. Lam Yiu Sang Yorkson resigned as an executive director and chief executive officer of the Company with effect from 1st September 2000.

By Order of the Board

Chan Hau Chuen

Secretary

Hong Kong, 1st September 2000