09:15     NEW SMART<00091> - Unusual price & volume movements                 

    The Stock Exchange has received a message from New Smart 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 today's decrease in the price and increase in trading volume
    of the shares of the Company and wish to state that we are not aware of   
    any reasons for such changes.                                             
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realisations which are discloseable under        
    rule 13.23 of the Listing Rules, neither is the Board aware of any        
    matter discloseable under the general obligation imposed by rule 13.09 of 
    the Listing Rules, which is or may be of a price-sensitive nature.        
                                                                              
    Made by the order of the Board of the Company whose directors             
    individually and jointly accept responsibility for the accuracy of        
    this statement.                                                           
                                                                              
                                                                              
    By Order of the Board                                                     
    New Smart Holdings Limited                                                
                                                                              
    Tong Nai Kan                                                              
    Executive Director                                                        
                                                                              
    Hong Kong, 21 April 2005                                                  
                                                                              
                                                                              
    As at the date of this announcement, the Executive Directors of the       
    Company are Mr Tong Nai Kan, Mr Leung Wai Kwan and Miss Chow Sim Chu,     
    Shirley, the Independent Non-executive Directors are Mr Tang Tin Sek, Mr  
    Ko Ming Tung, Edward and Ms. Kwok Wai Ming"