SOUNDWILL HOLD<0878> - Exceptional Price Movement

The Stock Exchange has received a message from Soundwill 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 increase in the price of the shares of 
Soundwill Holdings Limited (the "Company") and wish to state that we are 
not aware of any reasons for such increase.

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 of directors of 
the Company 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.

This statement is made by the order of the board of directors of Soundwill 
Holdings Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

Leung Yeuk Kuk Joseph

Hong Kong, 24th Ocotober, 2000"