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Vision Values Holdings Ltd. Board/Management Information 2000

May 5, 2000

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Wah Yik Holdings Company Limited

華益控股有限公司

(Incorporated in Cayman Islands with limited liability)

Resignation of executive Director

The board of directors (the "Board") of Wah Yik Holdings Company Limited (the "Company") are pleased to announce that Mr. Tsai Hung Ching resigned as an executive director and the deputy chairman of the Company with effect from 4th May 2000.

By Order of the Board

Wah Yik Holdings Company Limited

Hui Mang Mang

Chairman

Hong Kong, 4th May, 2000

* for identification only