09:10     BENEFUN INT'L<01130> - Unusual price movement                       

    The Stock Exchange has received a message from Benefun International      
    Holdings 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 increase in the price of the shares of the       
    Company and wish to state that we are not aware of any reasons for such   
    change.                                                                   
                                                                              
    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 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.                                                                
                                                                              
    Currently, the Board comprises four executive directors, namely Mr. Tan   
    Sim Chew, Ms. Chen Miao Zhu, Mr. Fu Zi Cong and Mr. Lo King Fat, Lawrence 
    and three independent non-executive directors, namely Mr. Wong Kwai Sang, 
    Kays, Mr. Tsang Chun Pong and Mr. Li Chun Ming, Raymond.                  
                                                                              
                                                                              
    For and on behalf of                                                      
    Benefun International Holdings Limited                                    
                                                                              
    Lo King Fat, Lawrence                                                     
    Director                                                                  
                                                                              
    4 January 2005"