SINOCAN HOLD<1095> - Exceptional Price Movement

The Stock Exchange has received a message from Sinocan 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 increase in the price of the shares of Sinocan 
Holdings Limited (the "Company") and wish to state that we are not aware 
of any reasons for such increase.

We confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations 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 the Company the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement.

Wong Man Wing
Chairman

21 February 2001"