CEDAR BASE ELEC<00855> - Share Consolidation & Change of Name

Market participants are requested to that that the name of Cedar Base 
Electronic (Group) Limited has been changed to "China Silver Dragon Group 
Limited". Accordingly, the stock short name of its ordinary shares (stock 
code: 855) will also be changed to "SILVER DRAGON" with effect from 
Friday, 25/07/2003.

Market participants are also requested to note that the shareholders of 
China Silver Dragon Group Limited ("SILVER DRAGON") have approved the 
consolidation of shares on the basis of 20 then existing ordinary shares 
("Old Shares") of SILVER DRAGON into 1 new ordinary shares ("New Shares"), 
a temporary counter under stock code 2960 and stock short name "SILVER 
DRAGON" will be established for trading in board lots of 100 New Shares 
each to replace the previous counter (stock code: 855) for trading in 
board lots of 2,000 Old Shares each.