AKAI HOLDINGS<0448> - Announcement

The Stock Exchange has received a message from Akai Holdings Limited which 
is reproduced as follows:-

"                       AKAI HOLDINGS LIMITED
                           (IN LIQUIDATION)

                         WINDING-UP BY THE COURT
                                  AND
                   APPOINTMENT OF PROVISIONAL LIQUIDATOR

Akai Holdings Limited, in liquidation, ("the Company") announces that, 
pursuant to an Order of the Honourable Madam Justice Le Pichon dated 23 
August 2000, the Company was ordered to be wound up by the Court and the 
Offical Receiver was appointed as Provisional Liquidator of the Company.

The Official Receiver will remain as Provisional Liquidator of the Company 
until a liquidator of the Company is appointed at the first creditors' 
meeting, the date of which has not yet been fixed.

The Provisional Liquidator will collect all assets of the Company.

Before the making of the winding-up order, the Company notified the Stock 
Exchange of Hong Kong Limited on 16 August 2000 that the Company would 
hold its board meeting and release its annual results for the year ended 
31 March 2000 on 28 August 2000.

The Provisional Liquidator wishes to announce that because of the 
winding-up order the annual results for the year ended 31 March 2000 will 
not be released on 28 August 2000.

All correspondence in respect of the Company should be directed to the 
Provisional Liquidator at the address given below.

The Provisional Liquidator will keep the public informed by making further 
announcement on the progress of the liquidation of the Company from time 
to time.

Edward T O'Connell
Official Receiver and
Provisional Liquidator of Akai Holdings Limited
The Official Receiver's Office
10th-12th Floors
Queensway Government Offices
66 Queensway
Hong Kong

26/8/2000"