Television Broadcasts Limited — Major Shareholding Notification 2002

Mar 4, 2002

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, takes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

YEW SANG HONG (HOLDINGS) LIMITED

耀生行（集團）有限公司*

(Incorporated in the Cayman Islands with limited liability)

ANNOUNCEMENT

INTRODUCTION OF A SUBSTANTIAL SHAREHOLDER

With reference to the announcement made by the Company on 25th February, 2002, the board of directors of the Company has been notified by the majority shareholder of the Company, YSH Investments, that it has sold 56,000,000 shares, representing 28% of the existing issued share capital of the Company to Highworth, an independent third party on today.

After the Share Sale, Highworth will be interested in 28% of the existing share capital of the Company and the shareholding of YSH Investments in the Company will be reduced from 75% to 47%.

With reference to the announcement made by the Company on 25th February, 2002, the board of directors of Yew Sang Hong (Holdings) Limited (the "Company") has been notified by the majority shareholder of the Company, YSH Investments Limited ("YSH Investments"), that it has sold 56,000,000 shares, representing 28% of the existing issued share capital of the Company to Highworth Venture Limited ("Highworth"), an independent third party on today (the "Share Sale").

After completion of the Share Sale, Highworth will be interested in 28% of the existing share capital of the Company and the shareholding of YSH Investments in the Company will be reduced from 75% to 47%.

We have noted the recent increases in the trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases.

Save as disclosed above, we also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.

By Order of the Board

Thomson Lai

Company Secretary

Hong Kong, 4th March 2002

* For identification purpose only

Please also refer to the published version of this announcement in the i-Mail.