KING PACIFIC<0072> - Exceptional Price Movement
The Stock Exchange has received a message from King Pacific International
Holdings 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, save for the reason as stated in the
Company's announcement dated 26th February, 2000 and informati9on
disclosed below, we are not aware of any reasons for such decreases.
Directors dealings in share of the Company as of 28/2/2000:
Purchaser Seller No. of Shares Unit Price
--------- ------ ------------- ----------
Mr. Cheng Chao Ming CPDL 5,000,000 shares HK$0.52
("Mr. Cheng")
Note: The aggregated direct and indirect interest in shares in the Company
held by Mr. Cheng as of 28/2/00 remains unchanged.
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 King Pacific International Holdings
Limited the directors of which individually and jointly accept
responsibility for the accuracy of this statement.
Chan Vee Yong, Frederick
28th February, 2000"
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