BENEFUN INT'L<1130> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Benefun International 
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 recent increases in the price and increases in trading 
volume of the shares of the Company and wish to state that we are not 
aware of any reasons for such increases.

We also 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 Benefun International Holdings Limited, 
the directors of which individually and jointly accept responsibility for 
the accuracy of this statement.

Lawrence Lo

20 December 1999"