MANSION HOLDING<0547> - 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.

Mansion Holdings Limited
(Incorporated in Bermuda with limited liability)

Announcement

The board of directors of the Company wish to inform the shareholders of 
the Company that a substantial shareholder of the Company has dealt in the 
shares of the Company and to clarify certain statement made in certain 
media relating to the negotiation with certain corporation in the 
subscription of shares in the Company and co-operation in environmental 
related projects is untrue.

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

The Company was informed by Purple Gold Int'l Limited ("Purple Gold"), a 
substantial shareholder, that it has disposed of 78,570,000 shares in the 
Company, representing approximately 2.5% of the existing issued share 
capital, on 11th January, 2000.  After the aforesaid dealings by Purple 
Gold, the shareholding interests of the Company held by Purple Gold is 
reduced from approximately 18.09% to approximately 15.59%.

Save for the above dealings by Purple Gold, the Company is not aware of 
any reasons which resulted in the increases in the price and the trading 
volume of the shares of the Company on 11th January, 2000.

The Board of directors of the Company noted that certain media published 
today containing statement to the effect that the Company is in 
negotiation with certain corporation in the subscription of shares in the 
Company and co-operation in environmental related projects.  The Company 
wish to clarify that the contents are untrue.

We also confirm 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.

Made by the order of the Board of Mansion Holdings Limited the directors 
of which individually and jointly accept responsibility for the accuracy 
of this statement.


By Order of the Board
Mansion Holdings Limited
Law Wai Chung, Allen 
Deputy Managing Director

Hong Kong, 11th January, 2000