09:03     WING LEE HOLD<00876> - Exceptional Turnover Movement                

    The Stock Exchange has received a message from Wing Lee 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 increase in the trading volume of the shares of 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 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 Wing Lee Holdings Limited the directors 
    of which individually and jointly accept responsibility for the accuracy  
    of this statement.                                                        
                                                                              
                                                                              
    By the order of the Board of                                              
    Wing Lee Holdings Limited                                                 
                                                                              
    Chow Tak Hung                                                             
    Director                                                                  
                                                                              
    Hong Kong, January 23 2003"