WONG'S INT'L<0099> - Announcement

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

WONG'S INTERNATIONAL (HOLDINGS) LIMITED
(Incorporated in Bermuda with limited liability)

Announcement:  Increases  in  the  price and trading volume of the Company

This  announcement is about the increases in the price and trading
volume of the shares of the Company on 28th February 2000.

This  announcement  is  made at the request of The Stock Exchange of
Hong Kong Limited.

The  directors of the Company (the `Directors') note the increases in
the  price  and  trading volume of the shares of the Company on 28th
February  2000.  Save as explained below, the Directors wish to state
that they are not aware of any reasons for such increases.

The  Directors  wish  to state that the Company has received letters
from  two  independent  third  parties  in  respect of a proposed
acquisition  of  certain operating assets of the Group. The Directors
are  considering  the  terms  of the letters (which are subject to
contract).  As  the  discussions  are  at a preliminary stage, the
proposed  acquisition  may or may not proceed, but if it proceeds, it
may amount to a notifiable transaction under the Listing Rules.

Apart  from  the  foregoing, the Directors 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.

Shareholders  and  investors  are  advised to exercise caution when
dealing in the shares of the Company.

Made  by  the  order  of the Board of the Company, the Directors of
which  (except  Mr  Chan Wing Kwong, Paulus who cannot be contacted
prior  to  the release of this announcement) individually and jointly
accept responsibility for the accuracy of this announcement.

                               By Order of the Board of      
                               WONG'S INTERNATIONAL (HOLDINGS) LIMITED 
                               Gabriel Chan Tsze Wah 
                               Company Secretary                     
                                                             
Hong Kong, 28th February, 2000