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HODFORDS NEWS

Hodfords Shareholders Meeting
5 September, 2003

Hodfords Shareholders' meeting was held at the Island Shangri-la hotel, Hong Kong.

The meeting was very successful. During the meeting a number of important issues were discussed and some valuable shareholders comments were given.

A review of the progress made by Hodfords.com Ltd for the year 2003 was given by the chairman to the shareholders. The chairman went on to propose the overall strategy for the coming quarter and year, emphasising key emerging sectors of growth for Hodfords.com Ltd and how these will impact and contribute to the company's growth in the coming year.

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