LUOYANG GLASS<1108> - Announcement

The Stock Exchange of Hong Kong Limited takes no 
responsibility for the contents of this announcement, 
makes no representation as to its accuracy or 
completeness and expressly disclaims any liability 
whatsoever for any loss howsoever arising from or in 
reliance upon the whole or any part of the contents of 
this announcement.

LUOYANG GLASS COMPANY LIMITED
(a joint stock limited company incorporated in the 
People's Republic of China with limited liability)

Announcement


The Board of directors refers to recent increases in 
the price and trading volume of the shares of the 
Company. Save for a connected transaction which is in 
negotiation, the Company is not aware of any reasons 
for increases in price and trading volume.

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 the 
increases in trading volume of the shares of the Company 
and wish to state that we are not aware of any reasons 
for such increases.

We also confirm that, save for a connected transaction 
which is in negotiation, 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.

Shareholders and investors should note that the above 
connected transaction may or may not proceed. Under 
such circumstance, investors should exercise extreme 
caution in dealing in the securities of the Company. 
Further announcement will be made as soon as possible.

Made by the order of the Board of Luoyang Glass Company 
Limited, the directors of which individually and 
jointly accept responsibility for the accuracy of this 
statement.

By Order of the Board
Wang Jie
Secretary to the Board of Directors

21st February, 2000