09:24     QUALIPAK INT'L<01224> - Announcement                                

    The Stock Exchange of Hong Kong Limited (the "Stock                       
    Exchange") takes no responsibility for the contents                       
    of this announcement, makes no representation as to                       
    its accuracy or completeness and expressly disclaims                      
    any liability whatsoever for any loss howsoever                           
    arising from or in reliance upon the whole or any part                    
    of the contents of this announcement.                                     
                                                                              
    QUALIPAK INTERNATIONAL HOLDINGS LIMITED                                   
     (Incorporated in Bermuda with limited liability)                         
    (the "Company")                                                           
    (Stock Code: 1224)                                                        
                                                                              
    PRICE AND VOLUME MOVEMENT                                                 
                                                                              
    The Board noted that there was increase in the price                      
    and trading volume of the shares of the Company today.                    
    The Board wishes to inform the shareholders of the                        
    Company and potential investors that the Company is                       
    not aware of any reason for such increase.                                
                                                                              
    The Board also wishes to inform the shareholders of                       
    the Company that the Company is currently considering                     
    certain investment opportunities which may                                
    constitute a discloseable transaction when                                
    materialized. The negotiation is still at an early                        
    stage and there is no assurance that the negotiation                      
    may materialize into an agreement. No agreement has                       
    yet been signed.                                                          
                                                                              
    Shareholders of the Company and public investors are                      
    advised to exercise caution when dealing in the shares                    
    of the Company.                                                           
                                                                              
    The board of directors (the "Board") of the Company                       
    has noted the recent increase in the price and the                        
    trading volume of the shares of the Company and wishes                    
    to state that the Company is not aware of any reason                      
    for such increase.                                                        
                                                                              
    The Company also confirms that, save and except that                      
    the Company is currently considering certain                              
    investment opportunities which may constitute a                           
    discloseable transaction when materialized, there                         
    are no negotiations or agreements relating to                             
    intended acquisitions or realizations which are                           
    discloseable under Rule 13.23 of the Rules Governing                      
    the Listing of Securities on the Stock Exchange (the                      
    "Listing Rules"), neither is the Board aware of any                       
    matter discloseable under the general obligation                          
    imposed by Rule 13.09 of the Listing Rules, which is                      
    or may be of a price-sensitive nature. The negotiation                    
    is still at an early stage and there is no assurance                      
    that the negotiation may materialize into an                              
    agreement. No agreement has yet been signed. When                         
    concluded, the Company will make further announcement                     
    on such materialized transaction if necessary.                            
                                                                              
    Shareholders of the Company and public investors are                      
    advised to exercise caution when dealing in the shares                    
    of the Company.                                                           
                                                                              
    By Order of the Board of                                                  
    Qualipak International Holdings Limited                                   
    Lam How Mun Peter                                                         
    Chairman and Managing Director                                            
    Hong Kong SAR, 4 April 2005                                               
                                                                              
    As at the date of this announcement, the board of                         
    directors of the Company comprises Dr. Lam How Mun                        
    Peter (Chairman), Mr. Cheung Chung Kiu, Mr. Lam Hiu                       
    Lo, Mr. Leung Chun Cheong, Mr. Leung Wai Fai and Ms.                      
    Poon Ho Yee Agnes as Executive Directors; and                             
    Mr. Lam Kin Fung Jeffrey, Mr. Lam Ping Cheung and Mr.                     
    Wong Wai Kwong David as Independent Non-Executive                         
    Directors.