YUE FUNG INT'L<00965> - Exceptional Price Movement
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.
We have noted decrease in the price of the shares of the Company and wish
to state that it is not aware of any reasons for such decrease.
We also confirm 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.
Made by the order of the Board of Yue Fung International Group Holding
Limited which individually and jointly accept responsibility for the
accuracy of this statement.
Lee Wing Kan
26 July 2002"
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