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Announcement
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Resignation of Director

2 October 2002

The Board of Directors of Ngai Lik Industrial Holdings Limited (the "Company") announces that Mr. Chung Yuk Man, Clarence resigned as Executive Director of the Company on 2 October 2002. The Company would like to take this opportunity to thank Mr. Chung for his valuable contribution to the Company during his past service with the Company.

By Order of the Board
Yeung Cheuk Kwong
Director

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