SHUN CHEONG<0650> - Exceptional Price Movement

The Stock Exchange has received a message from Shun Cheong Holdings 
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 today's increase in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
increase.

Save as the announcement dated 19th July 2001 made by the Company, we 
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 the Company, the directors of which 
individually and jointly accept responsibility for the accuracy of 
this statement.

Roger K C Ou
Company Secretary

27th July, 2001 "