09:26     CHINA UNITED<00273> - Unusual price & volume movements              

    The Stock Exchange has received a message from China United               
    International Holdings Limited which is reproduced as follows:-           
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited (the "Stock Exchange").                                           
                                                                              
    We have noted the increase in trading volume and price of the shares of   
    the Company today and wish to state that we are not aware of any reasons  
    for such increase.                                                        
                                                                              
    Save as to the announcement of the Company dated 15th March, 2005         
    regarding the possible acquisition of 80% the Neptune Syndicate, 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 the Board of the Company, the directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    As at the date of this teletext, the Board comprises six Executive        
    Directors, namely, Mr. Chuang Yueheng, Henry, Mr. King Phillip, Mr. Lo Kan
    Sun, Mr. Wong Ying Seung, Asiong, Mr. Wong Wai Man, Raymond and Mr. Chung 
    Wilson, one Non-executive Director, Mr. Lau Da Yip, and five Independent  
    Non-executive Directors, namely, Mr. Lam Ping Cheung, Mr. Miu Frank H.,   
    Mr. Nakajima Toshiharu, Ms. Lin Wai Yi and Mr. Pang Shuen Wai, Nichols.   
                                                                              
    For and on behalf of                                                      
    China United International Holdings Limited                               
                                                                              
    King Phillip                                                              
    Director                                                                  
                                                                              
    28/4/2005"