YUE FUNG INT'L<0965> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Yue Fung International 
Group Holding 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 increases in the price and the increases in 
trading volume of the shares of the Company and wish to state that we are 
not aware of any reasons for such increases. 

We also confirm that there are no other 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 other 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 Yue Fung International Group Holding 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

Lee Wing Kan

16 February, 2000"