SHUN CHEONG<00650> - Unusual price & volume 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 
Limited.

We have noted the increase in price and trading volume of the shares of 
the Company today and wish to state that we are not aware of any reasons 
for such increase in price and trading volume.

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.

As at the date hereof, the board of directors of the Company comprises of 
five directors, of which two are Executive Directors, namely Ms. Cao Jing 
(Chairman) and Mr. Mo Tianquan; and three are Independent Non-Executive 
Directors, namely Mr. Yu Hon To, David, Professor Ye Jianping and Mr. 
Zhang Shaohua.

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.

Ngan Mei Fan 
Company Secretary
                        
23 February 2007"