09:09     CHINA STAR ENT<00326> - Unusual price & volume movements            

    The Stock Exchange has received a message from China Star Entertainment   
    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 decrease in the price and increase in the trading   
    volume of the shares of the Company and wish to state that save and except
    for the Company's announcement dated 15 December 2004 in relation to the  
    proposed placing of 60,765,000 new shares, we are not aware of any reasons
    for such fluctuation.                                                     
                                                                              
    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 the Company, the directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
                                                                              
    For and on behalf of                                                      
    CHINA STAR ENTERTAINMENT LIMITED                                          
                                                                              
    Chen Ming Yin, Tiffany                                                    
    Director                                                                  
                                                                              
    As at the date of this statement, Mr. Heung Wah Keung, Ms. Chen Ming Yin, 
    Tiffany and Ms. Li Yuk Sheung are the Executive Directors of the Company  
    and Mr. Hung Cho Sing, Mr. Ho Wai Chi, Paul and Mr. Fung Ho Sum are the   
    Independent Non-executive Directors of the Company.                       
                                                                              
    7 January 2005"