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 in Bermuda with limited liability)

ANNOUNCEMENT

Further to the Company's announcement dated 17th February, 2000, the Board 
has noted a further increase in trading volume of the shares of the 
Company on 18th February, 2000. Save as announced herein, the Board is not 
aware of any matter that might have resulted in the increase.

RECENT INCREASE IN TRADING VOLUME OF SHARES

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

Further to the Company's announcement dated 17th February, 200, the Board 
has noted a further increase in trading volume of the shares of the 
Company on 18th February, 2000.

APPOINTMENT OF DIRECTOR

At a meeting of the Board on 11th February, 2000, Dr. Charles W.B. Cheung 
J.P. was appointed as an independent non-executive director of the 
Company. Mr. Cheng Chao Ming, Jenson, Mr. Xiong Pingbo, Paul, Mr. Cheung 
Kung Tai, Ms. Cheung Lik Ping, Mr. Zeng Xiang Zhi and Mr. Ching Kwok Leung 
voted in favour of the resolution approving this appointment while Mr. 
Cheung Wing Keung, Samuel voted against the resolution. At the time this 
resolution was passed, Mr. Cheung Yiu Wing had already left the meeting 
and therefore did not cast his vote on this resolution. Dr. Charles W.B. 
Cheung J.P. accepted the appointment on 18th February, 2000.

Mr. Chuang Shih Ping, Mr. Lee Sheung Wah, James and Mr. Steven Kwan were 
absent from the meeting.

DATE OF ACCEPTANCE OF THE APPOINTMENT OF DIRECTORS

Referring to the Company's announcement dated 17th February, 2000, the 
Board wish to clarify that Mr. Chen Vee Yong, Frederick and Mr. Hui Yat 
On, Kelvin accepted the appointment as executive directors of the Company 
on 17th February, 2000.

EXISTING BOARD COMPOSITION

As of today, the composition of executive directors and independent 
non-executive directors of the Board are summarised as below:

Executive directors

Mr. Cheng Chao Ming, Jenson     Mr. Cheung Yiu Wing
Mr. Cheung Kung Tai             Mr. Zeng Xiang Zhi
Mr. Cheung Wing Keung, Samuel   Mr. Ching Kwok Leung
Mr. Xiong Pingbo, Paul          Ms. Cheung Lik Ping
Mr. Chen Vee Yong, Frederick    Mr. Hui Yat On, Kelvin

Independent non-executive directors

Dr. Charles W.B. Cheung J.P.
Mr. Steven Kwan
Mr. Lee Sheung Wah, James

DIRECTORS DEALINGS

As far as the Board is aware, none of the directors have purchased or sold 
shares of the Company today, and none of the directors' shares of the 
Company which have been pledged have been sold in the market today. 

OTHER DISCLOSEABLE INFORMATION

With regards to a number of issues raised in the announcement of the 
Company dated 10th February, 2000, a Board meeting will be held on 21st 
February, 2000 to address those issues. The Company will make further 
announcements to update shareholders with further announcement on and when 
necessary.

APPROVAL OF THIS ANNOUNCEMENT

The publication of this announcement has been approved by Ms. Cheung Lik 
Ping. Mr. Cheung Kung Tai, Mr. Cheng Chao Ming, Jenson. Mr. Zeng Xiang 
Zhi, Mr. Ching Kwok Leung, Mr. Xiong Pingbo, Paul, Mr. Chen Vee Young, 
Frederick, Mr. Hui Yat On, Kelvin and Dr. Charles W.B. Cheung J.P.. Each 
of the directors of the Company who approved this announcement take 
responsibility for the accuracy of this announcement. Mr. Cheung Yiu Wing, 
Mr. Cheung Wing Keung, Samuel, Mr. Lee Sheung Wah, James and Mr. Steven 
Kwan were not contactable for the approval of this announcement prior to 
the time of printing.

The Board confirms that other than as disclosed above, there are no 
negotiation 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 matters 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 order of the board 
Xiong Pingbo, Paul 
Director

Hong Kong, 19th February, 2000