HESHUN HOLDINGS<0285> - Exceptional Price Movement

The Stock Exchange has received a message from Heshun Holdings Company 
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 the 
Company and wish to state that we are not aware of any reasons for such 
increase.

Save as the Company's announcement dated 9 July 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 Heshun Holdings Company Limited the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

For and on behalf of
HESHUN HOLDINGS COMPANY LIMITED

Law Fei Shing
Director

17 July 2001"