SYMPHONY HOLD<1223> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Symphony Holdings Limited  
which is reproduced as follows:-

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

The Company is informed by Chang Tsung Yuan ("Mr. Chang"), a director of 
the Company, that he disposed of 2,000,000 shares, representing 
approximately 0.05% of the existing issued share capital of the Company on 
9th February, 2000 at the prices of HK$0.205 and HK$0.208.

Save for the above dealings by Mr. Chang, 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 9th February, 2000.

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 Symphony Holdings Limited the directors 
of which individually and jointly accept responsibility for the accuracy 
of this statement.

For and on behalf of
SYMPHONY HOLDINGS LIMITED

Law Wai Chung, Allen
Deputy Managing Director

9th February, 2000"