09:17     CHINA UNITED<00273> - Unusual price & volume movements              

    The Stock Exchange has received a message from China United International 
    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").                                           
                                                                              
    We have noted the increase in trading volume and decrease in price of the 
    shares of the Company today and wish to state that we are not aware of any
    reasons for such movement.                                                
                                                                              
    Save as the announcement of the Company dated 12th November, 2004         
    regarding exceptional price movement, commence dealings of bonus shares,  
    update on possible joint ventures and possible investment in Macau, and   
    the announcement of the Company dated 29th November, 2004 regarding the   
    discloseable transaction and placing of new shares under general mandate  
    and resumption of trading, we also confirm that there are no negotiations 
    or agreements relating to intended acquisitions or realisations which are 
    discloseable under rule 13.23, neither is the Board aware of any matter   
    discloseable under the general obligation imposed by rule 13.09, which is 
    or may be of a price-sensitive nature.                                    
                                                                              
    Made by the order of the Board of the Company, the directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    As at the date of this teletext, the Board comprises four executive       
    Directors, namely, Mr. Chuang Yueheng, Henry, Mr. Chung Wilson, Mr. Lo Kan
    Sun and Mr. Wong Ying Seung, Asiong, and three independent non-executive  
    Directors, namely Mr. Lam Ping Cheung, Mr. Ong Peter and Mr. Miu Frank H. 
                                                                              
                                                                              
    For and on behalf of                                                      
    China United International Holdings Limited                               
                                                                              
    Chung Wilson                                                              
    Managing Director                                                         
                                                                              
    30 November 2004"