PO WING KWAN<0149> - Exceptional Price Movement

The Stock Exchange has received a message from Po Wing Kwan International 
(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 increase in the price of the Company's shares on 8 
March 2000 and wish to state that we are not aware of any reasons for such 
increase.

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 Po Wing Kwan International (Holdings) 
Limited, the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

For and on behalf of
PO WING KWAN INTERNATIONAL (HOLDINGS) LIMITED

Anna Cheng
Finance Director

8 March 2000"