09:26     UNITED POWER<00674> - Unusual price & volume movements              

    The Stock Exchange has received a message from United Power Investment    
    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 increases in the price and trading volume of the    
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases.                                               
                                                                              
    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.                                                         
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Messrs. Yeung Chi Hang, Ma Shuk Kam, Liu Yu Mo, Yeung Kit Yu, 
    Kitty, Au Edmond Wah, Chung Siu Wah and Chik To Pan, and the independent  
    non-executive directors are Messrs. Chan Lai Mei, Lee Wai Loun and Lee Yuk
    Sang, Angus.                                                              
                                                                              
    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.                                                                
                                                                              
                                                                              
    By order of the Board                                                     
                                                                              
    Liu Yu Mo                                                                 
    Director                                                                  
                                                                              
                                                                              
    Hong Kong, 30th March, 2005"