WH Group Limited — Major Shareholding Notification 2001

Apr 2, 2001

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes 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.

HUEY TAI INTERNATIONAL LIMITED

(Incorporated in Bermuda with limited liability)

Announcement

Restoration of the minimum 25% public float in the Huey Tai Shares

Huey Tai International Limited has restored the minimum 25% public float requirement for its shares in the public hands under rule 8.08 of the Listing Rules.

Further to the announcement jointly made by Huey Tai and Gold Brilliant Limited on 22nd February, 2001, the directors of Huey Tai announce that they were notified by Gold Brilliant Limited on 30th March, 2001 that it sold 19,000,000 Huey Tai

Shares to independent third parties on 29th March, 2001 at HK$0.16 per Huey Tai Share, representing approximately 1.21% of the entire issued share capital of Huey Tai. Accordingly, this has resulted in Gold Brilliant Limited and parties acting in concert with it and its associates being interested in 1,173,379,870 Huey Tai Shares representing approximately 74.99% of the entire issued share capital of Huey Tai by which Huey Tai meets the normally prescribed 25% requirement for shares in public hands under rule 8.08 of the Listing Rules.

By order of the board

Huey Tai International Limited

Leung Man Fai

Company Secretary

Hong Kong, 30th March, 2001