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 decrease in the price of the 
shares of the Company.

The Directors wish to state that save for the matters stated in the press
announcement of the Company dated 14 January 2000, they are not aware of 
any reasons for the recent decrease in the price of the shares of the 
Company.

The Directors also confirm that save for the matters stated in the
press announcement of the Company dated 14 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, 18 January 2000"