WAH YIK HOLD<0862> - 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.

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

PLACING OF EXISTING WARRANTS BY BEST MILLENNIUM LIMITED
("BEST MILLENNIUM")

Best Millennium has placed a total of 80,000,000 existing 
warrants of the Company, representing approximately 29.40% 
of the total outstanding warrants of the Company, to 
independent placees on 6th April, 2000.

Further to the joint announcement made by Best Millennium and 
Wah Yik Holdings Company Limited (the "Company") dated 19th 
February, 2000 and the announcement made by the Company dated 
24th March, 2000, the board of directors (the "Board") of the 
Company announces that Best Millennium, being the holder of 
270,000,000 warrants of the Company, has successfully placed 
a total 80,000,000 warrants ("Placing Warrants") of the 
Company, representing approximately 29.40% of the total 
outstanding warrants of the Company, to independent placees 
not connected with the directors, chief executive or 
substantial shareholders of the Company, its subsidiaries or 
their respective associates (as defined under the Rules 
Governing the Listing of Securities on The Stock Exchange of 
Hong Kong Limited (the "Stock Exchange")) through Tai Fook 
Securities Company Limited on 6th April, 2000.

The Placing Warrants were placed at a price of HK$0.45 per 
unit of warrants, representing a discount of 25% to the 
closing price of HK$0.60 as quoted on the Stock Exchange on 
6th April, 2000.

Immediately after the completion of the aforementioned 
placement, Best Millennium will be interested in 
approximately 69.81% of the total outstanding warrants of the 
Company and approximately 30.19% of the outstanding warrants 
of the Company will be held in public hands.

By Order of the Board
WAH YIK HOLDINGS COMPANY LIMITED
Chan Kwok Keung, Charles
Director

Hong Kong, 6th April, 2000