BENEFUL INT'L<1130> - Announcement

Benefun International Holdings Limited
(Incorporated in the Cayman Islands with limited liability)

The Year 2000 Readiness

In the past year, the Group conducted a comprehensive review of its
computer system, both hardware and software and modified the existing
software to resolve the year 2000 issue. All modifications and conversions
to new software have been completed and well tested. The Group has
achieved year 2000 compliance as at 30th September, 1999.

        By Order of the Board
        Lo King Fat, Lawrence
        Company Secretary

Hong Kong, 8th October, 1999