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Sinopec Engineering Group Co Ltd. Board/Management Information 2000

Aug 25, 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 Ms. Kwan Kam Kiu resigned as an executive director of the Company with effect from 25th August 2000.

The Board would like to take this opportunity to acknowledge Ms. Kwan for her contribution to the Company in the past.

By Order of the Board

Chan Hau Chuen

Secretary

Hong Kong, 25th August 2000