09:05     GUO XIN GROUP<01215> - Unusual price movement                       

    The Stock Exchange has received a message from Guo Xin Group 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 decrease in price of the shares of the Company   
    and wish to state that we are not aware of any reasons for such decrease. 
                                                                              
    Saved as the very substantial acquisition stated in the announcement dated
    20 December 2004, we confirm that there are no other 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 Guo Xin Group Limited the Board of directors of which
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    As at the date of this statement, the executive Directors are Mr. Zhang   
    Yang and Mr. Lam Cheung Shing, Richard and the independent non-executive  
    Directors are Mr. Tam Sun Wing, Mr. Ko Ming Tung, Edward and Mr. Ng Ge    
    Bun.                                                                      
                                                                              
                                                                              
    Fung Kwok Man                                                             
                                                                              
    7th January, 2005"