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"