09:15     POLY INV HOLD<00263> - Unusual price & volume movements             

    The Stock Exchange has received a message from Poly Investments 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 increases in the price and trading volume of the 
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases.                                               
                                                                              
    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 Poly Investments Holdings Limited, the  
    directors of which (other than Dr. Wong Yun Kuen who cannot be contacted) 
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
                                                                              
    For and on behalf of                                                      
    Poly Investments Holdings Limited                                         
                                                                              
    Sue Ka Lok                                                                
    Executive Director & Company Secretary                                    
                                                                              
    6th January, 2005                                                         
                                                                              
                                                                              
    As of the date hereof, the Board of Directors of the Company comprises    
    four Executive Directors, namely Mr. Suen Cho Hung, Paul (Chairman), Mr.  
    Li Zhicai (Managing Director), Mr. Cao Jian An and Mr. Sue Ka Lok; and    
    three Independent Non-executive Directors, namely Mr. Sun Ka Ziang, Henry,
    Mr. Kowk Ming Fai and Dr. Wong Yun Kuen."