WAH YIK HOLD<0862> - Exceptional Price Movement

The Stock Exchange has received a message from Wah Yik Holdings Company 
Limited which is reproduced as follows:-

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

The board of directors (the "Directors") of Wah Yik Holdings Company 
Limited (the "Company") have noted the recent increase in the price of the 
shares of the Company.

The Directors wish to state that save for the matters stated in the 
press announcements of the Company dated 12 and 13 January 2000, they are 
not aware of any reasons for the recent increase in the price of the 
shares of the Company.

The Directors also confirm that save for the matters stated in the 
press announcements of the Company dated 12 and 13 January 2000, there are 
no negotiations or agreements relating to intended acquisitions or 
realisations which are discloseable under paragraph 3 of the Listing 
Agreement, neither are the Directors 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 Directors which individually and jointly accept 
the responsibility for the accuracy of this statement.

By order of the board of directors 
Wah Yik Holdings Company Limited 

Hui Mang Mang
Director

Hong Kong, 14 January 2000"