09:19     CHEVALIER ITECH<00508> - Unusual price & volume movements           

    The Stock Exchange has received a message from Chevalier iTech 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 the recent increase in the price and volume of the shares of
    the Company and wish to state that we are not aware of any reasons for    
    such increase.                                                            
                                                                              
    We also confirm that except for the publication of the Major Transaction  
    announcement on 11th April, 2005 regarding the acquisition of the entire  
    issued share capital of Pacific Coffee (Holdings) Limited by a subsidiary 
    of the Company, there are no negotiations or agreements relating to       
    intended acquisitions or realisations 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 the Company the Directors of which      
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    For and on behalf of                                                      
    CHEVALIER iTECH HOLDINGS LIMITED                                          
                                                                              
    Kan Ka Hon                                                                
    Director                                                                  
                                                                              
    As at the date of this announcement, the Executive Directors of the       
    Company are Dr Chow Yei Ching, Messrs Fung Pak Kwan, Kuok Hoi Sang, Kan Ka
    Hon and Miss Lily Chow.  The Independent Non-Executive Directors of the   
    Company are Mr Shinichi Yonehara, Mr Wu King Cheong and Mr Kwong Man Sing.
                                                                              
    April 11 2005"