YUE FUNG INT'L<0965> - Exceptional Price Movement

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 of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
increases except that the Group has recently announced the interim 
results for the six months ended 30 November 2000 on 27/2/2001.

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 Yue Fung International Group Holding 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

Lee Wing Kan

28 February 2001"