ALPHA GENERAL<00073> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Alpha General (Holdings) 
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 and increases in trading 
volume of the shares of the Company and wish to state that save as the 
announcement dated 6th January, 2003 of the Proposal for Consolidation of 
Shares and change in Board Lot Size, we are not aware of any reasons for 
such decreases and increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realisations 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 Alpha General (Holdings) Ltd. the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.


K.K. Chan
Executive Director

7th January, 2003"