UDL HOLDINGS<00620> - Share Consolidation

Market participants are requested to note that the ordinary shares 
of HKD0.01 each ("Old Shares") in the capital of UDL Holdings 
Limited will be consolidated into ordinary shares of HKD0.10 each 
("New Shares") on the basis of 10 into 1 subject to its shareholders' 
approval at the Special General Meeting to be held on 22/08/2003.  
Upon the proposals becoming effective, a temporary counter under 
stock code 2962 and stock short name "UDL HOLDINGS" will be 
established for trading in board lots of 4,000 New Shares each to 
replace the present counter (stock code: 620) for trading in board 
lots of 40,000 Old Shares each effective from Monday, 25/08/2003.