09:00     ARGOS ENT<08022> - Unusual price movement                           

                                                                              
    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                                                              
                                                                              
    ARGOS ENTERPRISE (HOLDINGS) LIMITED                                       
    (Incorporated in Hong Kong with limited liability)                        
    (Stock Code: 8022)                                                        
                                                                              
    ANNOUNCEMENT                                                              
    This announcement is made at the request of The Stock Exchange            
    of Hong Kong Limited (the "Stock Exchange"). We have noted the            
    decrease in the price of the shares of Argos Enterprise                   
    (Holdings) Limited (the "Company") on 11th April 2005 and wish            
    to state that we are not aware of any reasons for such                    
    decrease in price.                                                        
                                                                              
    We also confirm that there are no negotiations or agreements              
    relating to intended acquisitions or realisations which are               
    discloseable under Chapters 19 and 20 of the Rules Governing              
    the Listing of Securities on the Growth Enterprise Market of              
    the Stock Exchange (The "GEM Listing Rules"), neither is the              
    board of directors (the "Board") aware of any matter                      
    discloseable under the general obligation imposed by the Rule             
    17.10 of the GEM Listing Rules, which is or                               
    may be of a price sensitive nature.                                       
                                                                              
    Made by the order of the Board, the directors of which                    
    collectively and individually accept responsibility for the               
    accuracy of this announcement.                                            
                                                                              
    By Order of the Board                                                     
    ARGOS ENTERPRISE (HOLDINGS) LIMITED                                       
    Wong Kwong Yiu, Bono                                                      
    Company Secretary                                                         
                                                                              
    Hong Kong, 11th April 2005                                                
                                                                              
    As of the date hereof, the executive directors are Mr. Wong               
    Wah Sang (Chairman), Mr. Wong Man Chiu, Ronnie and Mr. Yeung              
    Wai Hung; the non-executive director is Mr. Wilkie Wong; while            
    the independent non-executive directors are Messrs. Sung Wai              
    Tak, Herman, Cheung Man Yau, Timothy and Wong Lit Chor, Alexis.           
                                                                              
    This announcement, for which the Directors collectively and               
    individually accept full responsibility, includes particulars             
    given in compliance with the Listing Rules for the purpose of             
    giving information with regard to the Company. The Directors              
    having made all reasonable enquires, confirm that, to the best            
    of their knowledge and belief: (i) the information contained              
    in this announcement is accurate and complete in all material             
    respects and not misleading; (ii) there are no other matters              
    the omission of which would make any statement in this                    
    announcement misleading; and (iii) all opinions expressed in              
    this announcement have been arrived at after due and careful              
    consideration and are founded on bases and assumptions that               
    are fair and reasonable.                                                  
                                                                              
    This announcement will remain on the " Latest Company                     
    Announcements" page of the GEM website for at least seven days            
    from its date of publication.