NOBLE LINK HOLD<0254> - Announcenment

The Stock Exchange of Hong Kong Limited (the "Stock 
Exchange") 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.

Noble Link Holdings Limited
(the "Company")
(Incorporated in Hong Kong with limited liability)

ANNOUNCEMENT

The Board has noted the recent increase in turnover of 
the shares of the Company and does not know the reason 
for such movement.

The Company has revealed from one of its existing 
substantial shareholder that it has disposed 
17,400,000 unpledged shares (approximately 8.28%) in 
the Company and continues to hold 22,979,069 shares 
(approximately 10.94%) in the Company of which 
22,933,069 shares (approximately 10.92%) have been 
pledged.

This statement is made at the request of the Stock 
Exchange.

The Board has noted the recent increase in turnover of 
the shares of the Company and wish to state that it is 
not aware of any reasons for such movement.

Further to the announcement of the Company made on 16th 
February, 2000, the Company has revealed from one of 
its existing substantial shareholder namely CIL 
Holdings Limited ("CIL") that it has disposed a total 
of 17,400,000 unpledged shares (approximately 8.28%) 
in the Company on the market for the purpose of 
realizing investment in hand. After the disposal, CIL 
continues to hold 22,979,069 shares (approximately 
10.94%) in the Company of which 22,933,069 shares 
(approximately 10.29%) have been pledged to financial 
institutions or independent third parties.

Save as disclosed herein, the directors 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 the Company, the 
directors of which individually and jointly accept 
responsibility for the accuracy of the above statement.

By Order of the Board
Noble Link Holdings Limited
Li Zhao
Director

Hong Kong, 18th February, 2000