KING PACIFIC<0072> - Announcement

The Stock Exchange of Hong Kong Limited takes no responsibility for 
the contents of this announcement, makes no representation as to its 
accuracy or completeness and expressly disclaims any liability 
whatsoever for any loss howsoever arising from or in reliance upon 
the whole or any part of the contents of this announcement.

KING PACIFIC INTERNATIONAL HOLDINGS LIMITED
(Incorporated with limited liability in Bermuda)

Postponement of release of announcement of audited results
for the year ended 31st March, 1999
and despatch of 1999 annual report and accounts

The board of Directors (the "Board") of King Pacific International 
Holdings Limited (the "Company") announces that the announcement 
of the final results of the Company for the year ended 31st March, 
1999 and despatch of 1999 annual report and accounts will be deferred 
for the reasons set out below. Further announcement of the Company 
unaudited final results for the year ended 31st March, 1999 will be 
made by the Company on or before 31st August, 1999.

The delay in publication of the final audited results of the Company 
will constitute a breach of paragraph 8(1) of the Listing Agreement 
by the Company and that Stock Exchange reserves its rights to take 
further actions against the Company as a result of the breach.

The Board announces that due to delay in finalising the audited 
financial statements for the year ended 31st March, 1999, a meeting 
of the Board for approving the final results and publication of the 
final results in the newspaper, originally scheduled to be held on 
28th August, 1999, has been deferred. The reason for the deferral 
is that the Company's auditors need to take further steps in order 
to complete the audit. Further announcement of the Company unaudited 
final results for the year ended 31st March, 1999 will be made by 
the Company on or before 31st August, 1999. The delay in publication 
of the final audited results of the Company will constitute a breach 
of paragraph 8(1) of the Listing Agreement by the Company and that 
Stock Exchange reserves its rights to take further actions against 
the Company as a result of the breach.

Accordingly, the meeting of the Board is deferred and it is 
anticipated that such meeting will be held on 28th September, 1999 
and the annual report to the Company's shareholders will be 
despatched on 30th September, 1999.

The directors have given their undertaking to the Stock Exchange that 
they will not deal in the securities of the Company until the final 
audited results of the Company for the year ended 31st March, 1999 
are published on Tuesday, 28th September, 1999.

In the meantime, the Company advises its shareholders and investors 
to exercise caution when dealing in the Company's shares.

By order of the Board
Cheng Chao Ming
Managing Director

Hong Kong, 28th August, 1999