SHUN CHEONG<0650> - Exceptional Price & Turnover Movements

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 and the volume 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 19 July 2001 made by the Company, we 
confirm that there are no negotiations or agreements relating to intended 
acquisitions or realizations 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

27 July, 2001 "