09:47     APPLIED INT'L<00519> - Unusual price & volume movements             

    The Stock Exchange has received a message from Applied International      
    Holdings Limited which is reproduced as follows:-                         
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    The directors of Applied International Holdings Limited (the "Company")   
    have noted the recent increase in the price and the trading volume of the 
    shares of the Company and wish to state that they are not aware of any    
    reasons for such unusual movements in price and trading volume save for   
    the matters disclosed in the Company's announcement dated 20 April 2005.  
                                                                              
    Save as disclosed above, the board of directors of the Company (the "     
    Board") confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realizations which are discloseable under Rule   
    13.23 of The Rules Governing the Listing on The Stock Exchange of Hong    
    Kong Limited (the "Listing Rules"), neither is the Board aware of any     
    matter discloseable under the general obligation imposed by Rule 13.09 of 
    the Listing Rules, which may be of a price-sensitive nature.              
                                                                              
    Made by the order of the Board, the directors (save for Mr. Soo Hung      
    Leung, Lincoln and Mr. Lun Tsan Kau who cannot be located at the time this
    statement is made) of which individually and jointly accept responsibility
    for the accuracy of the foregoing statement.                              
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Hung Kin Sang, Raymond, Ms. Hung Wong Kar Gee, Mimi and   
    Mr. Fang Chin Ping and the independent non-executive directors of the     
    Company are Mr. Soo Hung Leung, Lincoln, Mr. Lo Yun Tai and Mr. Lun Tsan  
    Kau.                                                                      
                                                                              
    For and on behalf of                                                      
    Applied International Holdings Limited                                    
                                                                              
    Mr. Fang Chin Ping                                                        
    Executive Director                                                        
                                                                              
                                                                              
    4 May 2005"