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
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
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
Roger K C Ou
27th July, 2001 "