BEIJING YANHUA<0325> - Exceptional Price Movement

The Stock Exchange has received a message from Beijing Yanhua 
Petrochemical Company Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent decreases in the price of the shares of the    
Company and wish to state that we are not aware of any reasons for such 
decreases.

We also confirm that there are no negotiations or agreements relating to  
intended acquisitions or realisations which are discloseable under   
paragraph 3 of the Listing Agreement, neither is the Board aware of any   
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of Beijing Yanhua Petrochemical Company   
Limited, the directors of which individually and jointly accept   
responsibility for the accuracy of this statement.

Zhang Zhaomin

Beijing, May 11, 1999"