10:32     CHINA UNITED<00273> - Announcement                                  

    China United International Holdings Limited                               
    (Incorporated in Hong Kong with limited liability)                        
    (Stock Code: 273)                                                         
                                                                              
    Increase in Trading Volume of the Shares of the Company                   
                                                                              
                                                                              
    The directors announce that Radford Developments Limited                  
    disposed 33,744,000 shares of the Company at prices from HK$0.225 to      
    HK$0.230 per share on the open market today.                              
                                                                              
                                                                              
    This statement is made at the request of The Stock Exchange of Hong       
    Kong Limited (the `Stock Exchange').                                      
                                                                              
    The directors have noted the increase in the trading volume of the        
    shares of the Company today.                                              
                                                                              
    The directors announce that Radford Developments Limited                  
    (`Radford'), a substantial shareholder of the Company, holding            
    250,000,000 shares of the Company which represents approximately          
    11.44% of the existing issued share capital of the Company (before        
    the following disposal). Radford disposed 33,744,000 shares of the        
    Company at prices from HK$0.225 to HK$0.230 per share on the open         
    market today. Such shares represent approximately 1.54% of the            
    existing issued share capital of the Company. Radford is controlled       
    by a trust with the son of Mr. Chuang Yueheng, Henry, the Chairman of     
    the Company, currently named as the beneficiary. Following this           
    disposal, Radford then holds 216,256,000 shares of the Company, which     
    represents approximately 9.89% of the existing issued share capital       
    of the Company.                                                           
                                                                              
    Save as to the announcement of the Company dated 15th March, 2005         
    regarding the possible acquisition of 80% the Neptune Syndicate, the      
    directors confirm that 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.                                                        
                                                                              
    As at the date of this teletext, the Board comprises four executive       
    directors, namely, Mr. Chuang Yueheng, Henry, Mr. Chung Wilson, Mr.       
    Lo Kan Sun and Mr. Wong Ying Seung, Asiong, one non-executive             
    director, Mr. Lau Da Yip and four independent non-executive               
    directors, namely Mr. Lam Ping Cheung, Mr. Miu Frank H., Mr. Nakajima     
    Toshiharu and Ms. Lin Wai Yi.                                             
                                                                              
    By Order of the Board                                                     
    China United International Holdings Limited                               
    Chung Wilson                                                              
    Managing Director                                                         
                                                                              
    Hong Kong, 19th April, 2005