AV CONCEPT HOLD<0595> - 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.

AV CONCEPT HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)

ANNOUNCEMENT

The Company is currently in negotiation with certain independent third 
parties in relation to a possible investment in a design house in Korea 
for the design of new electronic products; and a potential investment in 
an e-commerce corporation in the PRC ("Proposed Transactions") which will 
provide the Company with an opportunity in the development of its internet 
and e-commerce business. However, the terms of the Proposed Transactions 
are still subject to negotiation and no binding contract has been entered.

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

The Board of Directors ("Board") of AV Concept Holdings Limited 
("Company") has noted the recent increases in the share price and the 
trading volume of the shares of the Company and wish to state that, except 
possibly for the proposed transactions as mentioned below, the Directors 
are not currently aware of any reasons for such increases.

Discussions are being held since January 2000 between the Company and two 
independent third parties in relation to a possible investment in a design 
house in Korea for the design of new electronic products; and a potential 
investment in an e-commerce corporation in the PRC ("Proposed 
Transactions") which will provide the Company with an opportunity in the 
development of its internet and e-commerce business. However, the terms of 
the Proposed Transactions are still subject to negotiation. The Directors 
wish to state that no terms and conditions have been reached and no 
binding contract has been entered. The Proposed Transactions, if entered 
into between the Company and the independent third parties, may constitute 
notifiable transactions under the Listing Rules. In the event that an 
agreement or agreements had been reached relating to the Proposed 
Transactions, a further announcement will be made to comply with the 
relevant Listing Rules requirements.

Save as disclosed aforesaid, 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 a price-sensitive nature. The Board wishes to emphasis 
that the Proposed Transactions may or may not proceed, shareholders of the 
Company and potential investors are reminded to exercise caution when 
dealing in the shares of the Company.

As at the date of this announcement, the Company was not informed by any 
of its Directors that they had dealt in any of the securities of the 
Company.

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

By Order of the Board
Ha Shu Tong
Director

Hong Kong, 14 February 2000