SHUN CHEONG<0650> - Suspension of Trading

At the request of Shun Cheong Holdings Limited (the "Company"), trading in 
its shares will be suspended with effect from 10:00 a.m. today (12/7/2001) 
pending the release of the any announcement relating to an order from the 
High Court restraining the Company and three of its directors to effect 
the Placing of 75,000,000 New Shares of the Company as stated on the 
Company's Announcement dated 14 June 2001.