09:13     FULBOND HOLDING<01041> - Unusual price movement                     

    The Stock Exchange has received a message from Fulbond 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 decrease in the price of the shares of the       
    Company and wish to state that we are not aware of any reason for such    
    decrease.                                                                 
                                                                              
    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 Fulbond Holdings Limited the Board directors of which
    individually and jointly accepted responsibility for the accuracy of this 
    statement.                                                                
                                                                              
    As at the date of this statement, the board of Directors of the Company   
    comprises Dr. Yang Ding-Yuan, Ms. Meng Tung-Mei, Grace as executive       
    Directors and Professor Edward S. Yang, Mr. Chan Ting-Fung Tim and Mr. Lo 
    I Wang as independent non-executive Directors.                            
                                                                              
                                                                              
    for and on behalf of                                                      
    Fulbond Holdings Limited                                                  
                                                                              
    Yang Ding Yuan                                                            
    Director                                                                  
                                                                              
    7 January 2005"