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 decreases in the price of the 
shares of the Company and wishes to state that the Board is not aware of 
any reasons for such decreases.

The Board confirms that save as the issue as set out in an 
announcement of the Company dated 7 January, 2002, 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 Yiu Ling
Deputy Chairman

Hong Kong, 28th February, 2002"