ALPHA GENERAL<0073> - 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.

ALPHA GENERAL (HOLDINGS) LIMITED
(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

The Company wishes to state that it is only in the preliminary 
stage of feasibility study and inquiry concerning the 
potential development of information technology related 
business. No decision has been made in this regard.

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

As regards the various press reports on 11th February, 2000 
making reference to the interview conducted by Infocast 
Limited with Mr. Chu Ka Lok, Peter, the Chairman of Alpha 
General (Holdings) Limited (the "Company") on 6th January 
this year, we wish to state that the Company is only in the 
preliminary stage of feasibility study and inquiry 
concerning the potential development of information 
technology related business. This trend to identify and 
explore information technology related business was 
indicated by the Company in its Interim Report 1999 dated 
7th December 1999. Despite preliminary discussion were 
engaged with independent third parties from time to time, 
the Company would like to state that such discussion may or 
may not result in any transaction and no decision has been 
made in this regard and no material terms including pricing 
have been considered.

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.

Shareholders of the Company and potential investors should 
exercise caution in any sale or purchase of the shares of 
the Company.

Made by the order of the Board of Alpha General (Holdings) 
Limited the directors of which individually and jointly 
accept responsibility for the accuracy of this announcement.

By order of the Board of
Alpha General (Holdings) Limited
H. K. Wat
Director

Hong Kong, 11th February, 2000