Listed Companies' Announcement

YHI INTERNATIONAL LIMITED

APPROVAL IN-PRINCIPLE TO THE PLACEMENT OF UP TO 15, 000, 000 NEW ORDINARY SHARES OF S$0.20 EACH IN THE CAPITAL OF YHI INTERNATIONAL LIMITED AT $1.095 FOR EACH SHARE (THE "PLACEMENT")


Further to the announcements made on 2 December 2003 and 3 December 2003 in relation to the Placement, the Directors of the Company are pleased to announce that the Singapore Exchange Securities Trading Limited (the "SGX-ST") has on 5 December 2003 given its in-principle approval for the listing and quotation of the Placement Shares on the Main Board of the SGX-ST, subject to certain conditions.

The Company shall make a further announcement when the Placement Shares are issued and listed. The Placement Shares, when issued and allotted, will rank pari passu in all respects with the existing ordinary shares of the Company.

Approval in-principle by the SGX-ST is not to be taken as an indication of the merits of the Placement. SGX-ST assumes no responsibilities for the correctness of any statement made in relation to the Placement.

A copy of the statement of material facts which has been lodged with the Monetary Authority of Singapore on 2 December 2003 is attached below.

statement of material facts
Submitted by Yuen Sou Wai, Executive Director on 05/12/2003 to the SGX