YUE FUNG INT'L<00965> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from Yue Fung International
Group Holding Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
The board of directors ("Board") of Yue Fung International Group Holding
Limited (the "Company") has noted the increase in the share price and
trading volume of shares of the Company today, and wishes to state that it
is not aware of any reason for such increase save as disclosed in the
announcement of the Company dated 27th February, 2002 (the "Announcement")
regarding the unaudited consolidated interim results of the Company and
its subsidiaries for the six months ended 30th November, 2001.
Save as disclosed in the Announcement, the Board also 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 announcement is made by the order of the Board of which individually
and jointly accept responsibility for the accuracy of this statement.
For and on behalf of
Yue Fung International Group Holding Limited
Lee Wing Kan
Executive Director
Hong Kong, 28th February, 2002"
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