WANG ON GROUP<1222> - Exceptional Price Movement

The Stock Exchange has received a message from Wang On Group Limited      
which is reproduced as follows:-

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

The Directors of the Company (the "Directors") have noted the recent 
increases in the price of the shares of the Company and wish to clarify as 
follows:-

Apart from certain preliminary discussions with a PRC background 
computer company as announced on 4 January 2000 and some approaches made 
by independent third parties not connected with any of the Directors, 
chief executive, or substantial shareholders of the Company or any of 
their respective associates (as defined under the Rules Governing the 
Listing of Securities on The Stock Exchange of Hong Kong Limited) , to 
Mr. Tang Ching Ho ("Mr Tang"), the Chairman of the Board of Directors, 
for the possible placement of shares in the Company which Mr. Tang did 
not response, the Directors are not aware of any reasons for such 
increase.

Save as aforesaid, the Directors confirm that there are no negotiations or 
agreements relating to any intended acquisition or realisation which is 
discloseable under paragraph 3 of the Listing Agreement, nor 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.

In the meantime, investors are advised to exercise extreme caution when 
dealing in the securities of the Company.

Made by the order of the Board of Directors of Wang On Group Limited, the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

By Order of the Board
Tang Ching Ho
Chairman and Managing Director

Hong Kong, 10 January, 2000"