UDL HOLDINGS<0620> - 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.

UDL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

The status of today's court hearing

At today's court hearing for the purpose of granting leave 
for convening creditors' meeting for approval of the Scheme, 
the court directed that the hearing will continue on 3 
February 2000 or on such earlier date as directed by the court 
for the production of the final version of the Scheme 
documents. The Company together with the concerned 
subsidiaries are in the process of finalising the procedural 
documents in connection with the convening of the 
forthcoming meeting. Further announcement will be made to 
inform the shareholders of any new development as soon as 
possible.

By Order of the Board
UDL Holdings Limited
Leung Yat Tung
Chairman

Hong Kong, 28 January 2000