09:07     PALIBURG HOLD<00617> - Unusual volume movement                      

    The Stock Exchange has received a message from Paliburg 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 trading volume of the            
    ordinary shares of Paliburg Holdings Limited (the "Company") and wish to  
    state that we are not aware of any reasons for such increase.             
                                                                              
    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 of Directors of the Company 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 the Company, the Directors (namely Mr.  
    LO Yuk Sui (Chairman and Managing Director), Mr. Donald FAN Tung          
    (Executive Director), Mrs. Kitty LO LEE Kit Tai (Non-Executive Director), 
    Mr. Jimmy LO Chun To (Executive Director), Mr. Kenneth NG Kwai Kai        
    (Executive Director), Mr. NG Siu Chan (Independent Non-Executive          
    Director), Hon Abraham SHEK Lai Him, JP (Independent Non-Executive        
    Director), Mr. WONG Chi Keung (Independent Non-Executive Director)        
    and Dr. Alex WU Shu Chih, CBE, LL D, FBIM FIOP, F Inst D, JP              
    (Independent Non-Executive Director)) of which individually and jointly   
    accept responsibility for the accuracy of this statement.                 
                                                                              
                                                                              
    By Order of the Board of                                                  
    PALIBURG HOLDINGS LIMITED                                                 
                                                                              
    Eliza Lam                                                                 
    Secretary                                                                 
                                                                              
    Hong Kong, 7th January, 2005"