GOLD WO INT'L<00090> - Exceptional Price & Turnover Movements

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

The Board confirms that save as the proposed rights issue as set out in an 
announcement of the Company dated 30 April, 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 Yin Ling
Deputy Chairman

Hong Kong, 8th May, 2002"