EXHIBIT 99.1


Press Release


Huayang International Holdings, Inc. announces the Opening of the
Sheraton Shenyang Lido Hotel


Shenyang, China -- June 3, 2002 -- Huayang International Holdings, Inc.
(OTCBB: HIHI) today announced the opening of the Sheraton Shenyang Lido
Hotel in Shenyang, China, a major Chinese city with a population of
nearly seven million.

The hotel is managed by Starwood Hotels and Resorts Worldwide Inc.
(NYSE: HOT). Huayang International Holdings, Inc. holds a 20% interest
in the hotel, which is the largest hotel in northeastern China.

Conveniently located in the heart of Shenyang's newly established central
business district, the 623-room upscale business hotel is the city's
newest and largest hotel, just minutes away from the International
Exhibition Center, the railway station and the city's international
airport.

"The Sheraton Shenyang Lido Hotel is well positioned to cater to the growing
needs of business and leisure development in the northern part of China,"
said Miguel Ko, President of Starwood Hotels & Resorts Worldwide Inc., Asia
Pacific, in a press release issued by Starwood.

ABOUT HUAYANG INTERNATIONAL HOLDINGS, INC.

Organized in Nevada, the United States, Huayang International Holdings, Inc.
is a real estate development company operated in China. In addition to real
estate development, the Company also seeks to invest in biotechnology,
tele-medicine and other high growth sectors in China. The Company is committed
to leverage its management, technology and market expertise to capitalize on
the rapid growth of the Chinese market.

For more information about the company, please visit www.hihi.us

ABOUT STARWOOD HOTELS & RESORTS WORLDWIDE, INC.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with 750 properties in more than 80 countries
and 110,000 employees at its owned and managed properties. For more
information about Starwood, please visit www.starwood.com.

"SAFE HARBOR" CAUTIONARY STATEMENT

This press release contains "forward-looking statements" regarding future
business opportunities and activities. Such forward-looking information
involves important risks and uncertainties that could significantly affect
future results. These risks and uncertainties include, but are not limited to,
those relating to economic, political, legal and social conditions in the
People's Republic of China, dependence upon key management personnel,
competition, material factors relating to the operations of the business, and
domestic and global general economic conditions.

CONTACT:

Huayang International Holdings, Inc.
Mary Wang
Phone: (86)(24) 2318-0688
Fax: (86)(24) 2318-0944
Email: ir@hihi.us