08:56     INNOVIS HOLD<08065> - Unusual price movement                        

                                                                              
    The Stock Exchange of Hong Kong Limited takes no responsibility of 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.                   
                                                                              
    This announcement, for which the directors of Innovis Holdings Limited    
    collectively and individually accept full responsibility, includes        
    particulars given in compliance with the Rules Governing the Listing of   
    Securities on the Growth Enterprise Market of The Stock Exchange of Hong  
    Kong Limited for the purpose of giving information with regard to         
    Innovis Holdings Limited. The directors of Innovis Holdings Limited,      
    having made all reasonable enquiries and to the best of their knowledge   
    and belief, confirm that (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) 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.                                                      
                                                                              
                                                                              
    INNOVIS HOLDINGS LIMITED                                                  
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8065)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    This announcement is made at the request of The Stock Exchange of Hong    
    Kong Limited.                                                             
                                                                              
    The board of directors (the "Board") of Innovis Holdings Limited (the     
    "Company") notes today's increase in the trading price of the shares of   
    the Company and wishes to state that the Board is not aware of any        
    reasons for such movement.                                                
                                                                              
    The Board 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 of Hong Kong        
    Limited (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.                                                                   
                                                                              
    The directors of the Company collectively and individually accept         
    responsibility for the accuracy of this announcement.                     
                                                                              
    As at the date of this announcement, the Board comprises of Mr. Tsang     
    Hon Chung (executive director), Mr. Lam Yew Kai (executive director),     
    Mr. Tsang Hon Ming (executive director), Ms. Wong Mau Fa (non-executive   
    director), Mr. Lai Ka Kit (non-executive director), Mr. Liu Pui Ming      
    (independent non-executive director), Mr. Lam Ying Hung, Andy             
    (independent non-executive director) and Mr. Koo Cheuk On, Timmie         
    (independent non-executive director).                                     
                                                                              
    By order of the Board                                                     
    Tsang Hon Chung                                                           
    Chairman                                                                  
    Hong Kong, 27th April, 2005                                               
                                                                              
    This announcement will remain on the GEM website on the "Latest Company   
    Announcements" page for 7 days from the date of its posting.