CENTRAL CHINA<00351> - Share Consolidation

Market participants are requested to note that the ordinary shares of 
HKD0.2 each ("Old Shares") in the capital of Central China Enterprises 
Limited will be consolidated into ordinary shares of HKD0.1 each (after 
capital reduction) ("New Shares") on the basis of 100 into 1 subject to a 
court hearing to be held on 03/02/2004.  Upon the proposals becoming 
effective, a temporary counter under stock code 2994 and stock short name 
"CENTRAL CHINA" will be established for trading in board lots of 20 New 
Shares each to replace the present counter (stock code: 351) for trading 
in board lots of 2,000 Old Shares each effective from Wednesday, 
04/02/2004.