09:48     COSMOPOL INT'L<00120> - Unusual price movement                      

    The Stock Exchange has received a message from Cosmopolitan 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 today's increase in the price of the shares of the Company  
    and wish to state that we are not aware of any reasons for such changes.  
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realisations which are discloseable under rule   
    13.23 of the Listing Rules, neither is the Board aware of any matter      
    discloseable under the general obligation imposed by rule 13.09 of the    
    Listing Rules, which is or may be of a price-sensitive nature.            
                                                                              
    Made by the order of the Board of Cosmopolitan International Holdings     
    Limited, the directors of which individually and jointly accept           
    responsibility for the accuracy of this statement.                        
                                                                              
    As at the date of this announcement, the executive directors are Mr. Yu   
    Tat Chi, Michael and Ms. Mak Wai Fong. The independent non-executive      
    directors are Mr. Tang Ping Sum, Mr. Lok Shing Kwan, Sunny and Mr. Chan   
    Cheong Yee.                                                               
                                                                              
                                                                              
    For and on behalf of                                                      
    Cosmopolitan International Holdings Limited                               
                                                                              
                                                                              
    Yu Tat Chi, Michael                                                       
    Executive Director                                                        
                                                                              
    Hong Kong, 6 January 2005"