SHUN CHEONG<00650> - 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 today's decrease in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
decrease.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under 
rule 13.23, neither is the Board aware of any matter discloseable under 
the general obligation imposed by rule 13.09, which is or may be of a 
price-sensitive nature.

Made by the order of Shun Cheong Holdings Limited, the Board of directors 
of which individually and jointly accept responsibility for the accuracy 
of this statement.


Sam Lo
Company Secretary

28 June, 2004"