GOLDEN POWER<0603> - Announcement

The Stock Exchange of Hong Kong Limited takes no responsibility for the 
contents of this announcement, makes no representation as to its accuracy 
or completeness and expressly disclaims any liability whatsoever for any 
loss howsoever arising from or in reliance upon the whole or any part of 
the contents of this announcement.

HIKARI TSUSHIN, INC.
(Incorporated in Japan with limited liability)

GOLDEN POWER INTERNATIONAL
HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

Clarification on the decreases in the share price and the increases in the 
trading volume of the shares ("Shares") in Golden Power International 
Holdings Limited (the "Company") on 10th March, 2000 and certain matters 
reported in certain press articles on 10th March, 2000.

This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

The respective directors of Hikari Tsushin, Inc. and the Company (the 
"Directors") have noted that the decreases in share price of the Company 
and the increases in the trading volume of the Shares on 10th March, 2000 
and certain articles in certain newspapers in Hong Kong for the rumour 
relating to a senior officer of Hikari Tsushin, Inc.

The directors of Hikari Tsushin, Inc. wish to state that the rumour in 
certain articles in certain newspapers in Hong Kong is not true and they 
are not aware of any legal action pending or threatened against that 
senior officer.

The Directors wish to inform shareholders that the subscriptions of new 
shares of the Company by Hikari Tsushin, Inc. and Pacific Century 
CyberWorks Limited and the subscription of convertible note of the Company 
by Hikari Tsushin, Inc. (the "Subscriptions") have been completed on 10th 
March, 2000.  As from 10th March, 2000, the subscription monies are held 
by Hikari Tsushin, Inc.'s lawyers to the order and for the benefit of the 
Company and the same (together with interest accrued thereon) shall be 
released to the Company upon instructions signed by any one director of 
the Company to be nominated by Hikari Tsushin, Inc. upon posting of the 
composite offer document.  The composite offer document containing the 
terms of the general offer, the advice of the independent board committee 
of the board of directors of the Company and the advice of the independent 
financial adviser is expected to be despatched on 13th March, 2000.  The 
Directors wish to state that they are not aware of any reasons for such 
decreases in the price and increases in the trading volume save as herein 
disclosed.

There are presently no negotiations or agreements relating to intended 
acquisitions or realisations by the Company which are discloseable under 
paragraph 3 of the Listing Agreement, neither the board of Directors 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.

By Order of the board of
Hikari Tsushin, Inc.
Masahide Saito
Executive Managing Director

By Order of the board of
Golden Power International Holdings Limited
Chu King Tien
Director

Hong Kong 11th March, 2000

The directors of Hikari Tsushin, Inc. jointly and severally accept full 
responsibility for the accuracy of the information contained in this 
announcement (other than that relating to the Company) and confirm, having 
made all reasonable enquiries, that to the best of their knowledge, 
opinions expressed in this announcement have been arrived at after due and 
careful consideration and there are no other facts not contained in this 
announcement, the omission of which would make any statement in this 
announcement misleading.

The directors of the Company jointly and severally accept full 
responsibility for the accuracy of the information contained in this 
announcement (other than that relating to Hikari Tsushin, Inc.) and 
confirm, having made all reasonable enquiries, that to the best of their 
knowledge, opinions expressed in this announcement have been arrived at 
after due and careful consideration and there are no other facts not 
contained in this announcement, the omission of which would make any 
statement in this announcement misleading.