ANANDA WING ON<1189> - Share Subdivision

Market participants are requested to note that the shares of HK$0.10 each 
("Old Shares") in the capital of Ananda Wing On Travel (Holdings) Limited 
will be subdivided into shares of HK$0.01 each ("New Shares") on the basis 
of 1 into 10 subject to its shareholders' approval at the Special General 
Meeting to be held on 28/7/2000.  Upon the proposals becoming effective, a 
temporary counter under stock code 2910 and stock short name "ANANDA WING 
ON" will be established for trading in board lots of 20,000 New Shares 
each to replace the present counter (stock code: 1189) for trading in 
board lots of 2,000 Old Shares each effective from Monday, 31/7/2000.