GUANGZHOU PHAR<0874> - Exceptional Price & Turnover Movement

The Stock Exchange has received a message from Guangzhou Pharmaceutical 
Company Limited which is reproduced as follows:-

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

The directors of the Company ("Directors") have noted the increase in the 
price and trading volume of the shares of the Company and wish to state 
that they are not aware of any reasons for such increase.

The Directors 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 and that they are not 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.

This statement is made by the order of the board of the directors of the 
Company which individually and jointly accept responsibility for the 
accuracy of this statement.

By Order of the Board
Guangzhou Pharmaceutical Company Limited

He Shu Hua
Company Secretary

27th April, 1999"