09:23     CITIC 21CN<00241> - Unusual price & volume movements                

    The Stock Exchange has received a message from CITIC 21CN Company 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 decreases in the price but increase in trading   
    volume of the shares of the Company and wish to state that we are not     
    aware of any reasons for such movements.                                  
                                                                              
    We also 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 the Company the directors of which      
    individually and jointly accept responsibility for the accuracy           
    of this statement.                                                        
                                                                              
    Composition of the Board of Directors:                                    
                                                                              
    Mr. Wang Jun (Executive Director)                                         
    Ms. Chen Xiao Ying (Executive Director)                                   
    Mr. Luo Ning (Executive Director)                                         
    Mr. Sun Yalei (Executive Director)                                        
    Mr. Zhang Lian Yang (Executive Director)                                  
    Mr. Yin Yiping (Executive Director)                                       
    Ms. Xia Guilan (Executive Director)                                       
    Mr. Liu Xiaoping (Executive Director)                                     
    Mr. Tsui Yiu Wa, Alec (Independent Non-executive Director)                
    Mr. Zhang Jian Ming (Independent Non-executive Director)                  
    Mr. Liu Hongru (Independent Non-executive Director)                       
                                                                              
                                                                              
    For and on behalf of                                                      
    CITIC 21CN COMPANY LIMITED                                                
                                                                              
    Liu Xiaoping                                                              
    Executive Director                                                        
                                                                              
    12th April, 2005"