09:18     CHINA UNITED<00273> - Unusual price & volume movements              

    The Stock Exchange has received a message from China United               
    International Holdings Limited which is reproduced as follows:-           
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited (the "Stock Exchange").                                           
                                                                              
    We have noted the increase in price and trading volume of the shares of   
    the Company today and wish to state that we are not aware of any reasons  
    for such movement.                                                        
                                                                              
    Save as the announcement of the Company dated 9th March, 2005 regarding   
    the placing of new shares under general mandate and the announcement of   
    the Company dated 15th March, 2005 regarding the possible acquisition of  
    80% the Neptune Syndicate, 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.                                                                
                                                                              
    As at the date of this teletext, the Board comprises four executive       
    Directors, namely, Mr. Chuang Yueheng, Henry, Mr. Chung Wilson, Mr. Lo Kan
    Sun and Mr. Wong Ying Seung, Asiong, and four independent non-executive   
    Directors, namely Mr. Lam Ping Cheung, Mr. Miu Frank H., Mr. Nakajima     
    Toshiharu and Ms. Lin Wai Yi.                                             
                                                                              
                                                                              
    For and on behalf of                                                      
    China United International Holdings Limited                               
                                                                              
    Chung Wilson                                                              
    Managing Director                                                         
                                                                              
    21st March, 2005"                                                         
                                                                              
    This announcement is not an offer to participate.  The offer is made only 
    by the Program material and is not being made to (nor will tenders be     
    accepted from) holders of Shares in any jurisdiction in which the offer or
    the acceptance thereof would not be in compliance with the securities laws
    of such jurisdiction. Details of the program and terms of participation of
    the Program will be contained in the various Letters to stockholders,     
    ownership statement holders, stock brokers and nominees, which will be    
    despatched at the date of this announcement.                              
                                                                              
    Any questions or requests for assistance to participate in the Program or 
    for copies of the Program material may be directed to the following       
    contact, and copies will be furnished promptly at the Program's expense.  
                                                                              
    Mellon Investor Services LLC                                              
    85 Challenger Road                                                        
    Ridgefield Park, New Jersey, USA 07660                                    
                                                                              
    For Further Information                                                   
    Please Call Collect: 1-201-329-8232                                       
                                                                              
    As at the date of this announcement, the executive Director is Dominic    
    D'Alessandro, and the independent non-executive Directors are Kevin E.    
    Benson,                                                                   
    John M.Cassaday, Lino J. Celeste, Gail C.A. Cook-Bennett, Richard B.      
    DeWolfe, Robert E. Dineen, JR, Pierre Y. Ducros, Allister P. Graham,      
    Thomas E. Kierans,                                                        
    Lorna R. Marsden, Arthur R. Sawchuk, Hugh W. Sloan, Jr, Gordon G.         
    Thiessen, Michael H. Wilson.                                              
                                                                              
            Manulife Financial Corporation