PO WING KWAN<0149>-Announcement & Suspension of Trading

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.


PO WING KWAN INTERNATIONAL (HOLDINGS) LIMITED
(Incorporated in Bermuda with limited liability)

DECREASE IN THE PRICE OF THE SHARES OF THE COMPANY
AND
GENERAL MANDATE TO ISSUE SHARES of the company

The Board of the Company has noted the decrease in the price of the 
shares of the Company on 10th March, 2000 and wishes to state that 
the Board is not aware of any reasons for such decrease.

The Board resolved on 10th March, 2000 to convene a special general 
meeting for Shareholders to consider and, if thought fit, pass an 
ordinary resolution to grant a new general mandate to the Board to 
issue, allot and deal with additional shares in the capital of the 
Company, details of which are set out in the notice of the special 
general meeting of the Company.

This statement is made at the request of The Stock Exchange of Hong 
Kong Limited (the 'Stock Exchange').

The board of directors (the 'Board') of Po Wing Kwan International 
(Holdings) Limited (the 'Company') has noted the decrease in the 
price of the shares of the Company on 10th March, 2000 and wishes to 
state that the Board is not aware of any reasons for such decrease.

The Board also wishes to state the followings:

1.      General Mandate to Issue Shares of the Company
The Board resolved on 10th March, 2000 to convene a special general 
meeting ('SGM') to be held at 10:00 a.m. on  Friday, 31st March, 
2000 at which an ordinary resolution (the 'Ordinary Resolution') 
will be proposed for the shareholders of the Company (the 
'Shareholders') to consider and, if thought fit, pass such 
resolution to grant a new general mandate ('Mandate') to the Board 
to allot, issue and deal with additional shares of the Company, 
representing up to a maximum of 20% of the issued share capital of 
the Company as at the date of the passing of the Ordinary Resolution.

Subsequent to the allotment of 100,000,000 and 89,000,000 new shares 
of the Company on 2nd August, 1999 and 6th January, 2000 pursuant to 
placement agreements dated 2nd July, 1999 and 6th December, 1999 
respectively, the general mandate granted to the Board at the 
Company's annual general meeting on 25th June, 1999 has almost been 
fully exercised. In this connection, the Ordinary Resolution will be 
proposed at the SGM. Having regard to the current market conditions, 
the Board considers that the Mandate will provide greater 
flexibility to the Board for the allotment and issue of new shares 
of the Company when it considers appropriate. The Board considers 
equity issue as a means to raise funds for the Company and its 
subsidiaries as and when such funds are required. As at the date of 
this announcement, the Company has not entered into any agreement 
which requires further allotment or issue of any new shares of the 
Company. In addition, the Board has no immediate plans to issue any 
new shares of the Company pursuant to the Mandate.

The Board is of the opinion that the grant of the Mandate is in the 
interests of the Company. A circular together with the notice 
convening the SGM and a form of proxy for use in relation to the SGM 
will be despatched to the Shareholders shortly.

2.      Suspension of Trading
The Board has noted the recent change in substantial shareholders of 
the Company and is trying to obtain further information in relation 
to such matter. The Company has made an application to suspend 
trading in its shares on the Stock Exchange at 10:00 a.m. on Monday, 
13th March, 2000 pending the issuance of an announcement in relation 
to such matter.

The Board confirms 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 price-sensitive nature.

Investors should exercise extreme caution when dealing in the shares 
of the Company.

Made by the order of the Board, the directors of which individually 
and jointly accept responsibility for the accuracy of this 
announcement.

By Order of the Board
Po Wing Kwan International (Holdings) Limited
Chung Chi Wah
Chairman

Hong Kong, 11th March, 2000