LUEN CHEONG TAI<01190> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Luen Cheong Tai 
International Holdings Limited which is reproduced as follows:-

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

The Board has noted the increase in both the trading volume and price of 
the shares of the Company on 20 February 2002, and wishes to state that it 
is not aware of any reason for such fluctuations, save as the 
discloseable transaction involving issuance of new shares in respect of 
the acquisition of 100% of the issued share capital of Sky Glory Holdings 
Limited disclosed in the Company's announcement of 7th February 2002 and 
the further delay in annual results announcement for the year ended 31 May 
2001 disclosed in the Company's announcement of 11th February 2002.

Save as disclosed above, the Board confirms 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.

This statement is made by order of the Board of which the directors 
individually and jointly accept responsibility for the accuracy of this 
statement.


By order of the Board
Luen Cheong Tai International Holdings Limited

Chan Man Chuen
Chairman

Hong Kong, 20 February 2002"