WANG ON GROUP<1222> - Exceptional Price & Turnover Movements

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.

We have noted the recent increases in the price and trading volume of the 
shares of the Company and wish to state that we are not aware of any 
reasons for such increases except for the reason as announced under the 
press announcement dated 19th January, 2000 of the Company.

Save as aforesaid, we also confirm that there are no negotiations or 
agreements relating to any 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 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, 20 January, 2000"