RNS Number:9250M
Vtech Holdings Ld
30 June 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

VTech Holdings Limited

2. Name of shareholder having a major interest

CHEAH Cheng Hye

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

In respect of holding of Value Partners Limited as Investment Manager to hold
the shares for certain "Funds" and Mr. CHEAH is the substantial shareholder who
currently holds 32.53% controlling interests in Value Partners Limited.

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Value Partners Limited for 11,571,000 shares

5. Number of shares / amount of stock acquired

549,000

6. Percentage of issued class

0.24

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

Ordinary Shares

10. Date of transaction

24 June 2003

11. Date company informed

27th June 2003

12. Total holding following this notification

11,571,000

13. Total percentage holding of issued class following this notification

5.13

14. Any additional information

This Initial Notification has been made by the shareholder to the Company and
such information is notified by the Company the same to Regulatory Information
Service

15. Name of contact and telephone number for queries

Anthony AU at (852) 2680 5031

16. Name and signature of authorised company official responsible for making
this notification

CHANG Yu Wai, Company Secretary of the Issuer

Date of notification

30th June 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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