SHUN CHEONG<00650> - Share Consolidation

Market participants are requested to note that the ordinary 
shares of HKD0.10 each ("Old Shares") in the capital of Shun 
Cheong Holdings Limited will be consolidated into ordinary 
shares of HKD0.01 each (after Capital Reduction)("New Shares") 
on the basis of 4 into 1 subject to its shareholders' approval 
at the Special General Meeting to be held on 16/09/2004.  
Upon the proposals becoming effective, a temporary counter 
under stock code 2936 and stock short name "SHUN CHEONG" 
will be established for trading in board lots of 500 New 
Shares each to replace the present counter (stock code: 650) 
for trading in board lots of 2,000 Old Shares each effective 
from Friday, 17/09/2004.