YUGANG INT'L<00613> - 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 increase in the price and the trading volume of 
the shares of the Company and wish to state that we are not aware of any 
reason for such increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations 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 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
Executive Director

23rd day of December 2003, Hong Kong"