YUGANG INT'L<0613> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Yugang International 
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 recent increases in the price and trading volume of the 
shares and warrants of the Company and wish to state we were not 
aware of any reasons for such increases except that a conditional cash 
offer was made by Tai Fook Securities Company Limited on behalf of 
Regulator Holdings Limited, a wholly-owned subsidiary of the Company for 
acquiring all the issued shares and canceling all the outstanding options 
in Qualipak International Holdings Limited on November 13, 1999, details 
of which has been shown in the press announcement dated November 13, 1999.

We also confirm that save as aforesaid, 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 Yugang International Limited the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

By Order of the Board
Yugang International Limited

Yuen Wing Shing
Director

10th December, 1999"