09:25     NEW TIMES GROUP<00166> - Unusual volume movement                    

    The Stock Exchange has received a message from New Times Group 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 the recent increases in trading volume of the shares of the 
    Company and wish to state that we are not aware of any reasons for such   
    increases.                                                                
                                                                              
    We 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 New Times Group Holdings Limited, the Board of the   
    directors of which individually and jointly accept responsibility for     
    the accuracy of this statement.                                           
                                                                              
    The Board as of the date of this announcement comprises six Directors,    
    including Mr. Liu JiCheng as the Deputy Chairman, Mr. Lam Kwan Sing as the
    Executive Director, Ms. Huang Ning as the Non-executive Director, Ms. Kwai
    Laam, Messrs Qi Jin Feng and Lau Man Tak as the Independent non-executive 
    Directors.                                                                
                                                                              
                                                                              
    By Order of the Board                                                     
    New Times Group Holdings Limited                                          
                                                                              
    Lam Kwan Sing                                                             
    Executive Director                                                        
                                                                              
    28 April 2005"