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 the recent decreases in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
decrease. 

We also confirm that there are other 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 the directors of which individually and jointly accept 
responsibility for accuracy of this statement.


Lee Wing Kan
Director

Hong Kong, 30th September, 2002"