BENEFUN INT'L<01130> - Exceptional Price Movement

The Stock Exchange has received a message from Benefun International 
Holdings Ltd. which is reproduced as follows:-

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

We have noted the recent increases in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 

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 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 
except for the press Announcement dated 26 Sept, 2003 regarding placement 
of 17,000,000 shares HK$0.048 each.

Made by the order of the Board of Benefun International Holdings Ltd. 
the directors of which individually and jointly accept responsibility for 
the accuracy of this statement.

Lawrence Lo

Hong Kong, this 26th day of September, 2003"