WAH YIK HOLD<0862> - Announcement

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

WAH YIK HOLDINGS COMPANY LIMITED*
(Incorporated in the Cayman Islands with limited liability)

Arrangements for share subdivison

The directors (the "Directors") of Wah Yik Holdings Company 
Limited (the "Company") are pleased to announce that the 
shareholders (the "Shareholders") of the Company approved 
the resolution regarding the share subdivision (the "Share 
Subdivision") of each of the issued and unissued existing 
shares of HK$0.10 each in the capital of the Company into 10 
new shares of HK$0.01 each in the capital of the Company in 
the extraordinary general meeting ("EGM") of the Company held 
on 1 November 1999. Accordingly, the Share Subdivision will 
become effective on 2 November 1999.

Capitalised terms used in this announcement shall have the 
same meanings as defined in the circular (the "Circular") of 
the Company dated 15 October 1999. 

Approval of Share Subdivision

Further to the announcements of the Company dated 28 
September 1999 and 13 October 1999 respectively and the issue 
of the Circular, the Directors are pleased to announce that 
the resolution approving the Share Subdivision has been 
passed by the Shareholders in the EGM held on 1 November 1999.

Accordingly, the Share Subdivision will become effective on 
2 November 1999.

Expected timetable
                                                        1999

Share Subdivision becoming effective    Tuesday, 2 November 

Original counter for trading in Existing Shares in board lots 
of 2,000 Existing Shares temporarily removed     Tuesday, 2 November 

Temporary counter for trading in Subdivided Shares in board 
lots of 20,000 Subdivided Shares (in the form of existing share 
certificates in pink colour) opens    Tuesday, 2 November 

First day for free exchange of certificates for Existing 
Shares for new certificates for Subdivided Shares    Tuesday, 2 November 

First day for the matching service for the selling or buying 
of odd lots of Subdivided Shares arising as a result of the Share 
Subdivision                                       Wednesday, 17 November 

Counter for trading in Subdivided Shares in board lots of 
2,000 Subdivided Shares (represented by new certificates 
in green colour for Subdivided Shares) opens  10:00 a.m. on Wednesday, 17 
                                                November

Parallel trading in Subdivided Shares commences 10:00 a.m. 
                                                on Wednesday, 17 November

Parallel trading in Subdivided Shares ends      4:00 p.m. on 
                                                Wednesday, 8 December

Temporary counter for trading in Subdivided 
Shares in board lots of 20,000 Subdivided Shares 
  (in the form of existing share certificates) 
removed 4:00 p.m. on Wednesday, 8 December

Last day for the matching service for the selling 
or buying of odd lots of Subdivided Shares
  arising as a result of the Share Subdivision       Wednesday, 8 December

Last day for free exchange of certificates for 
  Existing Shares for new certificates for 
Subdivided Shares       Monday, 13 December

Free Exchange of certificates

Shareholders are requested to lodge the relevant 
share certificates with the Company's branch 
share registrar in Hong Kong, Abacus Share 
Registrars Limited, at Room 2401, Prince's 
Building, Central, Hong Kong as soon as possible 
on or after Tuesday, 2 November 1999. New share 
certificates for the Subdivided Shares will be 
issued to the Shareholders free of charge for the 
period between Tuesday, 2 November 1999 and 
Monday, 13 December 1999.

Shareholders are reminded that after 4:00 p.m. on 
Wednesday, 8 December 1999 when parallel trading 
in Subdivided Shares (in the form of new 
certificates for Subdivided Shares and existing 
share certificates) ends, existing share 
certificates for the Existing Shares in board 
lots of 2,000 Shares will cease to be marketable 
and will not be acceptable for trading purposes. 
However, such existing share certificates for the 
Existing Shares will continue to be good evidence 
of legal title to the Subdivided Shares and may 
be lodged with Abacus Share Registrars Limited in 
exchange for new certificate after Monday, 13 
December 1999 on a payment of a fee of HK$2.5 (or 
such higher amount as may from time to time be 
allowed by the Stock Exchange) for each new share 
certificate issued in exchange for share 
certificates submitted.

Matching service

Holders of odd lots of the Subdivided Shares who 
wish to take advantage of matching service either 
to dispose of their odd lots of the Subdivided 
Shares or to top up to board lots of 2,000 
Subdivided Shares, may contact Mr. Rabo Leung of 
Oriental Patron Securities Limited at 42nd Floor, 
COSCO Tower, 183 Queen's Road Central, Hong Kong 
at telephone no. (852) 2842 5820 as soon as 
possible starting from Wednesday, 17 November 
1999 to Wednesday, 8 December 1999 (both dates 
inclusive).

By Order of the Board
Hui Mang Mang
Chairman

Hong Kong, 1 November 1999

* For identifiation only