08:52     DAHE MEDIA<08243> - 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.               
                                                                              
                                                                              
    NANJING DAHE OUTDOOR MEDIA CO., LTD.*                                     
    (a joint stock limited company incorporated in the People's Republic      
    of China)                                                                 
                                                                              
    (Stock Code: 8243)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    This announcement is made at the request of The Stock Exchange of         
    Hong Kong Limited (the `Stock Exchange').                                 
                                                                              
    The board of directors (the `Board') of Nanjing Dahe Outdoor Media        
    Co., Ltd. (the `Company') has noted today's increase in the price and     
    trading volume of the shares of the Company and wishes to state that      
    it is not aware of any reasons for such fluctuation.                      
                                                                              
    The Baord also confirms that there are no negotiations or agreements      
    relating to intended acquisitions or realisations which are               
    discloseable under Chapters 19 to 20 of the Rules Governing the           
    Listing of Securities on the Growth Enterprise Market of the Stock        
    Exchange (the `GEM Listing Rules'), neither is it 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 which collectively       
    and individually accept responsibility for the accuracy of this           
    announcement.                                                             
                                                                              
                                                                              
    By order of the Board                                                     
    Nanjing Dahe Outdoor Media Co., Ltd.                                      
    He Chaobing                                                               
    Chairman                                                                  
                                                                              
                                                                              
    Nanjing, the PRC, 19 April 2005                                           
                                                                              
    As at the date of this announcement, the Executive Directors of the       
    Company are He Chaobing and Wang Weijie, Independent Non-executive        
    Directors are Qiao Jun, Cheng Zhiming, Li Yijing and Shen Jin,            
    Non-executive Directors are Li Huafei, Zhao Hongying, Ju Guanyu and       
    He Lianyi.                                                                
                                                                              
    This announcement, for which the Directors collectively and               
    individually accept full responsibility, includes particulars given       
    in compliance with the Rules Governing the Listing of Securities on       
    GEM for the purpose of giving information with regard to the Company.     
    The Directors, having made all reasonable enquiries, 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'       
    pages of the GEM website for at least 7 days form the date of its         
    posting.                                                                  
                                                                              
     * for identification purpose only