08:51     CO-WINNER<08108> - Unusual price & volume movements                 

                                                                              
    The Stock Exchange of Hong Kong Limited 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.                   
                                                                              
    CO-WINNER ENTERPRISE LIMITED                                              
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 8108)                                                        
                                                                              
    UNUSUAL PRICE AND TRADING VOLUME MOVEMENT                                 
                                                                              
    The announcement is made at the request of The Stock Exchange of Hong     
    Kong Limited.                                                             
                                                                              
    The board of directors (the "Board") of Co-winner Enterprise Limited      
    (the "Company") has noted the recent decreases in the price and           
    increases in the trading volume of the shares of the Company and wish to  
    state that the Board is not aware of any reasons for such movement.       
                                                                              
    The Board has confirmed that there are no negotiations or agreements      
    relating to intended acquisitions or realizations which are discloseable  
    under Chapters 19 to 20 of the GEM Listing Rules, neither is the Board    
    aware of any matter discloseable under the general obligation imposed by  
    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 the Company              
    collectively and individually accept responsibility for the accuracy of   
    this announcement.                                                        
                                                                              
    By the order of the Board                                                 
    Co-winner Enterprise Limited                                              
    TAI Chi-ching                                                             
    Executive Director                                                        
                                                                              
    Hong Kong, 19 April 2005                                                  
                                                                              
    As at the date of this announcement, the Board comprises of Mr. Tai Chi   
    Ching, Mr. Zhao Ming and Mr. Tse Wai Kwok, Raymond as executive           
    directors, Ms. Kwong Wai Man, Karina as non-executive director and Mr.    
    Chen Pei, Ms. Ma Lee and Mr. Peng Feng as independent non-executive       
    directors.                                                                
                                                                              
    This announcement, for which the directors of the Company collectively    
    and individually accept full responsibility, particulars given in         
    compliance with the Growth Enterprise Market ("GEM") 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: (1) the information contained in this      
    announcement is accurate and complete in all material respects and not    
    misleading; (2) there are no other matters the omission of which would    
    make any statement in this announcement misleading; and (3) 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.                                                      
                                                                              
    The announcement will remain on the "Latest Company Announcements" page   
    of the GEM website http://www.hkgem.com for at least 7 days from the day  
    of its posting.