ASIA COMM HOLD<00104> - Exceptional Price Movement
The Stock Exchange has received a message from Asia Commercial Holdings
Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited (the "Stock Exchange").
The Board of Directors ("Directors") of ASIA COMMERCIAL HOLDINGS LIMITED
(the "Company") has noted the decrease in the price of the shares of the
Company and wish to state the Directors are not aware of any reasons for
The Directors 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 are the 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-
Made by the order of the Board of Directors of the Company, the Directors
of which individually and jointly accept responsibility for the accuracy
of this statement.
By the order of the Board
SUM Pui Ying
Hong Kong, July 8, 2003"