09:15     RAYMOND IND<00229> - Unusual price & volume movements               

    The Stock Exchange has received a message from Raymond Industrial         
    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 and increases in trading  
    volume of the shares of the Company and wish to state that save as        
    disclosed in the Company's announcement dated 20 April 2005 relating to   
    the final results for the year ending 31 December 2004, we are not aware  
    of any reasons for such decreases in the price and increases in trading   
    volume.                                                                   
                                                                              
    We also 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 Raymond Industrial Limited the Board of the Directors
    of which individually and jointly accept responsibility for the accuracy  
    of this statement.                                                        
                                                                              
                                                                              
    As the date of this statement, the Directors of the Company are as        
    follows:                                                                  
    Executive Directors: Mr. Wong, Wilson Kin Lae, Mr. Wong, Kennedy Ying Ho, 
    Mr. Wong, John Ying Man and Mr. Wong, Raymond Man Hin                     
    Non-executive directors: Dr. Wong, Philip Kin Hang, GBS, JP, LLD, DH, Mr. 
    Huang Zhouchang, Mr. Qiang Wenyu and Mr Xiong Zhengfeng (alternate to Mr. 
    Huang Zhouchang)                                                          
    Independent Non-executive Directors: Mr. Leung, Michael Kai Hung, Mr. Fan,
    Anthony Ren Da and Mr. Ng Yiu Ming                                        
                                                                              
                                                                              
    By the order of the Board                                                 
                                                                              
    Wong Sui Wah Michael                                                      
    Company Secretary                                                         
    Hong Kong, 21 April, 2005"