SHENYANG PUBLIC<00747>-Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Shenyang Public Utility 
Holdings Company 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 movements.

Except for the proposed acquisition as disclosed in the announcement of 
the Company dated 6 January 2004, 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 of directors of the Company 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 Shenyang Public Utility Holdings Company 
Limited, the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

By order of the board of
Shenyang Public Utility Holdings Company Limited

Zhang JianBo
Director

Shenyang, PRC, 7 January, 2004"