09:18     GRAND FIELD GP<00115> - Unusual volume movement                     

    The Stock Exchange has received a message from Grand Field Group 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 trading volume of the shares of 
    the Company and wish to state that we are not aware of any reasons for    
    such increases.                                                           
                                                                              
    We confirm that there are no negotiations or agreements relating to       
    intended acquisitions or realizations 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 Grand Field Group Holdings Limited, the 
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
                                                                              
    By order of the Board                                                     
                                                                              
    Lau Tam Wah                                                               
    Executive Director                                                        
                                                                              
    6th January 2005                                                          
                                                                              
    As at the date of this announcement, the Board of the Company consists of 
    Mr. Tsang Wai Lun, Wayland, Madam Kwok Wai Man, Nancy, Mr. Lau Tam Wah as 
    executive directors and Mr. Hui Pui Wai, Kimber, Mr. Lum Pak Sum and Dr.  
    Wong Yun Kuen as independent non-executive directors."