GRANDE HOLDINGS<0186> - Announcement

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.

THE GRANDE HOLDINGS LIMITED
(incorporated in the Cayman Islands with limited liability and
redomiciled and continuing into and existing under the laws of 
Bermuda)

PROPOSED SEPARATE LISTING OF 
THE GRANDE ELECTRONICS HOLDINGS LIMITED
ON THE SINGAPORE STOCK EXCHANGE

Financial adviser to The Grande Holdings Limited

Further to the announcement ("Announcement") of The Grande Holdings 
Limited (the "Company") dated 19th October, 1999 in relation to the 
delay of the GEHL Listing in Singapore, the Directors are pleased to 
announce that the Company has now decided to proceed with the GEHL 
Listing.

The GEHL Listing will involve a new restructuring (the "New 
Restructuring") whereby all of the Company's subsidiaries which are 
engaged in the design and manufacturing of computer components but 
excluding the consumer electronics business will be held by GEHL 
upon completion of the New Restructuring and the GEHL Listing. In 
view of the changes, an application has been re-submitted to the 
Stock Exchange of Singapore Limited ("SES"). SES has not approved 
the GEHL Listing, and the Stock Exchange of Hong Kong has not 
approved the corresponding spin-off.

Unless otherwise defined, terms used in this announcement shall have 
the same meanings as defined in the announcement of the Company 
dated 30th September, 1999.

The Company announced in the announcement and the circular of the 
Company (the "Circular") both dated 30th September, 1999 the 
proposed separate listing of the entire issued share capital of GEHL 
of US$0.10 each on the main board of the SES ("GEHL Listing"). In 
the Announcement, the Company further announced that due to adverse 
market conditions, the GEHL Listing will be deferred until early 
2000. The Directors are pleased to announce that the Company has now 
decided to proceed with the GEHL Listing.

As stated in the Circular, the Company's subsidiaries will undergo a 
restructuring in preparation for the GEHL Listing whereby all the 
Group's subsidiaries which are engaged in the design and the 
manufacturing of computer components and consumer electronics 
business will be held by GEHL upon completion of the GEHL Listing. 
However, based on the advice received from its financial advisers, 
the Directors of the Company have decided to exclude the consumer 
electronics division from the group structure of GEHL and the GEHL 
Listing will involve the New Restructuring. GEHL will also be 
renamed as Lafe Technology Limited pursuant to the New Restructuring.

The consumer electronics business will not be held by GEHL upon 
completion of the New Restructuring and the GEHL Listing. As such, 
all of the Company's subsidiaries which are engaged in the design 
and manufacturing of computer components (excluding the consumer 
electronics business) will be held by GEHL upon completion of the 
New Restructuring and the GEHL Listing. The Company and its 
subsidiaries (excluding GEHL and its subsidiaries) will therefore 
continue to be engaged in the strategic investment business which 
focuses on the strategic holdings in the design, engineering, 
marketing, manufacturing and distribution of high-end audio 
products, the manufacturing of principally audio components, and the 
consumer electronics business. The Directors consider that such 
arrangement will allow GEHL to have separate fund raising abilities 
on the computer components business, while at the same time, allow 
the Company to continue to consolidate and focus on audio products 
related businesses.

The GEHL Listing will require the approval of Independent 
Shareholders at a special general meeting as the GEHL Listing will 
materially dilute the Company's interest in GEHL, which is a major 
subsidiary of the Company. Furthermore, the shareholders of the 
Company will not be offered assured entitlements to subscribe for or 
acquire the shares of GEHL. Under the Listing Rules, the approval of 
Independent Shareholders will be required for the waiver of the 
requirement to offer assured entitlements to the shareholders of the 
Company to subscribe for or acquire shares of GEHL.

SES has not yet granted any in-principle approval of the GEHL 
Listing, and the Stock Exchange of Hong Kong has not approved the 
corresponding spin-off. Upon their approval of the GEHL Listing and 
the spin-off respectively, further details in relation to the GEHL 
Listing and the New Restructuring will be set out in the circular to 
be issued shortly by the Company to the Shareholders, and for 
information only, the warrantholders of the Company.

By order of the Board
THE GRANDE HOLDINGS LIMITED
Christopher W. Ho
President and Group Chief Executive

Hong Kong, 24th February, 2000