HUAFENG<00364> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Huafeng Textile 
International Group 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 movements in price and the 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 movements in share price and increase in 
trading volume.

We also confirm that saved as disclosed in the Company's announcement 
dated 22 July 2003, 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 Huafeng Textile International Group Limited, the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.


By Order of the Board
Huafeng Textile International Group Limited

Sze Tak On
Company Secretary

23th day of July, 2003"