WANG ON GROUP<01222> - 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.

We have noted the recent increase in price of the shares of the Company 
and wish to state that we are not aware of any reasons for such increase.

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.

This statement is 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.


For and on behalf of
WANG ON GROUP LIMITED

Chan Chun Hong, Thomas
Director

Hong Kong, 25 October 2002"