HESHUN SP FIBRE<00285> - Exceptional Price Movement

The Stock Exchange has received a message from Heshun Specialised Fibre 
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 decrease in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
decrease.

Save as the Company's announcement dated 10 January 2002, we also 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 Heshun Specialised Fibre Holdings 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

For and on behalf of
HESHUN SPECIALISED FIBRE HOLDINGS LIMITED

Chen Shunli
Chairman

14 January 2002"