GOLD WO INT'L<00090> - Exceptional Price Movement

The Stock Exchange has received a message from Gold Wo International 
Holdings Limited which is reproduced as follows:-

"This statement is made at the request of the Stock Exchange.

The board of directors (the "Board") of Gold Wo International Holdings 
Limited (the "Company") has noted the recent increases in the price of the 
shares of the Company and wishes to state that the Board is not aware of 
any reasons for such increases.

The Board confirms that there are no negotiations or agreements relating 
to the intended acquisitions or realisations which are discloseable under 
paragraph 3 of the Listing Agreement, nor 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 the directors of which individually and 
jointly accept responsibility for the accuracy of this statement.

For and on behalf of the Board
Gold Wo International Holdings Limited 

Fu Chu Kan
Chairman and Managing Director

Hong Kong, 4th September, 2001"