09:21     CLIMAX INT'L<00439> - Unusual price & volume movements              

    The Stock Exchange has received a message from Climax International       
    Company 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 increase in the price and trading volume of the  
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases.                                               
                                                                              
    We also confirm that save as the discloseable and connected transaction in
    respect of the "Easyfil" brand business of the Company that was announced 
    on 7 April 2005, 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 Climax International Company Limited,   
    the directors of which individually and jointly accept responsibility for 
    the accuracy of this statement.                                           
                                                                              
    As at the date hereof, the Board comprises four executive directors, Mr.  
    Kan Shiu Cheong, Frederick, Mr. Chan Hoi Lam, Mr. Yau Kang Nam, Mr. Jiang 
    Hai Qing and three independent non-executive directors, Mr. Liu Ngai Wing,
    Mr. Ng Sui Keung and Professor Lai Kin Keung."                            
                                                                              
                                                                              
    For and on behalf of                                                      
    Climax International Company Limited                                      
                                                                              
    Chan Hoi Lam                                                              
    Director                                                                  
                                                                              
    27/4/2005"