09:44     HARBIN POWER<01133> - Unusual price & volume movements              

    The Stock Exchange has received a message from Harbin Power Equipment     
    Company Limited which is reproduced as follows:-                          
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited (the "Stock Exchange").                                           
                                                                              
    The directors ("Directors") of Harbin Power Equipment Company Limited     
    ("Company") noted an increase in the price and trading volume of the      
    shares of the Company today and wish to state that they are not aware of  
    any reasons for such increases.                                           
                                                                              
    The Directors also confirm that there are no negotiations or agreements   
    relating to intended acquisitions or realisations which are discloseable  
    under rule 13.23 of the Rules Governing the Listing of Securities on the  
    Stock Exchange (the "Listing Rules"), neither are the Directors 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.     
                                                                              
    Made by the order of the board of the Company, the board of Directors of  
    which individually and jointly accept responsibility for the accuracy of  
    the foregoing statement.                                                  
                                                                              
                                                                              
    By Order of the Board                                                     
    Harbin Power Equipment Company Limited                                    
                                                                              
    Deng Xian Yuan                                                            
    Company Secretary                                                         
                                                                              
    6 April, 2005                                                             
                                                                              
                                                                              
    As at the date of this statement, the executive Directors are Mr. Geng    
    Lei, Mr. Gong Jing-kun, Mr. Zhao Ke-fei, Mr. Duan Hong-yi, Mr. Shang      
    Zhong-fu and Mr. Wu Wei-zhang; the non-executive Directors is Mr. Liang   
    Wei-yan; and the Independent Directors are Mr. Zhou Dao-jiong, Mr. Du     
    Xing-you, Mr. Li Gen-shen and Ms. Ding Xue-mei"