FOR IMMEDIATE RELEASE

(13 August 2010, Hong Kong) Yau Lee Construction Company Limited, wholly owned subsidiary of Yau Lee Holdings Limited (stock code: 406), is pleased to announce that the company has been awarded District Term Contracts for the maintenance, improvement and vacant flat refurbishment for Ma On Shan, Shatin (North) and Tseung Kwan O (1) District (Contract No. 20090108) by the Hong Kong Housing Authority. The contract comprises mainly the maintenance and improvement works for schools, domestic and non-domestic properties. The Contract was signed by Mr. Conrad WONG, Vice Chairman of Yau Lee Holdings Limited and Mr. CHAN Siu Tack, Assistant Director (Estate Management) 2 of Housing Authority, in a simple yet solemn ceremony. This 36-month contract is worth approximately HK$235 million.

Yau Lee Holdings Limited was listed on the Stock Exchange of Hong Kong in 1991. Its major businesses include building construction, maintenance, fitting out, plumbing and drainage contracting, building materials and precast products, hotel and property development, IT solutions and services, etc. Yau Lee Construction was established in 1958 and had developed to become one of Hong Kong¡¦s leading construction companies. Its management systems in quality, environmental protection and safety have been accredited with ISO 9001, ISO14001 and OHSAS18001 certifications respectively.

This press release is distributed by Jetum Communication Consultants Limited on behalf of Yau Lee Holdings Limited. For more details, please contact James Leung or Venus Tsang at 2566.4916

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