LUEN CHEONG TAI<01190> - Exceptional Price Movement

The Stock Exchange has received a message from Luen Cheong Tai 
International Holdings Limited which is reproduced as follows:-

"This statement is made at the request of the Stock Exchange of Hong Kong 
Limited.

The Board has noted the increase in the price of the shares of the Company 
on 30 July 2002 and wishes to state that it is not aware of any reason for 
such increase, save as the proposed acquisition by the Company of 100% 
interest in Fortuna Group Limited, the winding up-petition, the unaudited 
interim results for the six months ended 30 November 2001, further delay 
in interim results and exceptional volume movement disclosed in the 
Company's announcements of 25 July 2002, 23 July 2002, 11 July 2002, 2 
July 2002 respectively.

Save as disclosed above, the Board 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 statement is made by order of the Board of which the directors  
individually and jointly accept responsibility for the accuracy of 
this statement.


By order of the Board
Luen Cheong Tai International Holdings Limited

Hung Yat Ming
Company Secretary

Hong Kong, 30 July 2002"