China Enterprises Limited (Formerly Known as China Tire e-commerce.com Limited) Press Release

    HONG KONG, Aug. 10 The Board (the "Board") of China
Enterprises Limited (the "Company") refers to the press release of
the Company issued on August 3, 2001 in respect of the change of the Company's
name.
    The Board would like to announce that the new CUSIP number for the common
stock of the Company is G2109M 10 0.

     For more information, please contact:

     Hong Kong                             New York
     China Enterprises Limited             Citigate Dewe Rogerson Inc.
     Tel:  (852) 2372 0130                 Tel: (212) 688 6840
     Fax:  (852) 2810 6982                 Fax: (212) 838 3393

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