09:21     TONIC IND HOLD<00978> - Unusual price & volume movements            

    The Stock Exchange has received a message from Tonic Industries 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 today's increase in share price and trading volume of the   
    shares of the Company and wish to state that we are not aware of any      
    reasons for such movement.                                                
                                                                              
    We 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 (the "Listing 
    Rules") on the Stock Exchange, 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.            
                                                                              
    Made by the order of the Board of Tonic Industries Holdings Limited the   
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
    As at the date of this announcement, the board comprises seven executive  
    Directors, namely Mr. Ling Siu Man, Mr. Lee Ka Yue, Peter, Mr.            
    Wong Ki Cheung, Ms. Li Fung Ching, Catherine, Mr. Au Wai Man, Mr. Liu     
    Hoi Keung, Gary and Mr. Lam Kwai Wah, one non-executive Director, namely  
    Mr. Wong Wai Kwong, David and three independent non-executive Directors,  
    namely Mr. Ho Fook Hong, Ferdinand, Mr. Pang Hon Chung and Mr. Cheng Tsang
    Wai.                                                                      
                                                                              
                                                                              
    By order of The Board                                                     
                                                                              
    Liu Hoi Keung, Gary                                                       
    Executive Director                                                        
                                                                              
    7 April 2005"