10:16     WINFOONG INT'L<00063> - Unusual price & volume movements            

    The Stock Exchange has received a message from Winfoong International     
    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 the 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, save for the offer for sale by public tender of the 
    property at No. 38 Conduit Road, Mid-Levels, Hong Kong held by a wholly   
    owned subsidiary of the Company, 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 Winfoong International Limited the Board of the      
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
    As at the date of this statement, the Board comprises (i) three executive 
    directors, namely Mr. Cheong Pin Chuan, Patrick, Mr. Cheong Kim Pong and  
    Mr. Cheong Sim Eng and; (ii) one non-executive director namely Mdm. Lim   
    Ghee; and (iii) three independent non-executive directors, namely Mr. Lai 
    Hing Chiu, Dominic, Mr. Kan Fook Yee and Mr. Chan Yee Hoi, Robert.        
                                                                              
    For and on behalf of                                                      
    Winfoong International Limited                                            
                                                                              
    Cheng Kin Nam, Julia                                                      
    Company Secretary                                                         
    22 March 2005"