09:52     HAYWOOD INV<00905> & <02967> - Unusual price movement               

    The Stock Exchange has received a message from Haywood Investments Limited
    which is reproduced as follows:-                                          
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the increases in the price of the Shares of the Company     
    today and wish to state that we are not aware of any reasons for such     
    increases in price save for the announcement dated 7 February 2005 made by
    the Company and among other thing the Open Offer of New Shares on the     
    basis of one Offer Share for every New Shares held on record date and the 
    latest time for lodging application for the Offer Shares and payment is   
    due on or before 8 April 2005.                                            
                                                                              
    We confirm that there are no negotiations or agreements relating to       
    intended acquisitions or realizations, 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 Haywood Investments Limited, the        
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
    As at the date of this statement, the Board comprises Mr. Wong Fong Kim,  
    Mr. Tai Ah Lam, Michael, Mr. Phang Yul Cher Yeow and Mr. Tham Ming Yong   
    and Mr. Tsun Kok Chung, Richard as executive directors, Mr. Cui Zanming as
    non-executive director, Dr. Wong Yun Kuen, Edward, Mr. Hsieh Dominick,    
    Mr. Chang Kin Man and Ms. Lam Lin Chu as independent non-executive        
    directors.                                                                
                                                                              
    For and on behalf of                                                      
    HAYWOOD INVESTMENTS LIMITED                                               
                                                                              
    Tham Ming Yong                                                            
    Director                                                                  
                                                                              
    7 April, 2005"