09:20     CHANGCHUNDAXING<08067> - Unusual volume movement                    

                                                                              
    This announcement is made at the request of The Stock                     
    Exchange of Hong Kong Limited. The Stock Exchange of                      
    Hong Kong Limited takes no responsibility for the                         
    contents of this announcement, make 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.                         
                                                                              
    CHANGCHUN DA XING PHARMACEUTICAL COMPANY LIMITED*                         
    (a joint stock limited company incorporated in the                        
    People's Republic of China)                                               
    (Stock code: 8067)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    We have noted today's increase in the volume of the                       
    shares of Changchun Da Xing Pharmaceutical Company                        
    Limited (the "Company"). Upon enquires by the board                       
    of directors (the "Board") of the Company, Mr. Dong                       
    Guo Jhi, a nominee for non-executive director as                          
    mentioned in the announcement of the Company dated                        
    3 May 2005 informed the Board that he has disposed                        
    10,540,000 shares ("Disposed Share") of the H Share                       
    of the Company in the market at the morning section                       
    at HK$0.275 per share to an independent third party                       
    today. The Disposed Share represents approximately                        
    6.5% of the H Share of the Company or approximately                       
    1.9% of the total domestic shares and H Shares of the                     
    Company.                                                                  
                                                                              
    Save as disclosed above, the Board is not aware of                        
    any reasons for the increase in volume of shares of                       
    the Company.                                                              
                                                                              
    We also confirm that there are no negotiations or                         
    agreements relating to intended acquisitions or                           
    realisations which are discloseable under Chapter 19                      
    to 20 of the GEM Listing Rules, neither is the board                      
    of directors (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.                                           
                                                                              
    Made by the order of the Board, the directors of which                    
    collectively and individually accept responsibility                       
    for the accuracy of this announcement.                                    
                                                                              
    By order of the Board                                                     
    Changchun Da Xing Pharmaceutical Company Limited                          
    Feng Zhen Wen                                                             
    Chairman                                                                  
                                                                              
    Jilin Province, the PRC                                                   
    5 May 2005                                                                
                                                                              
    As at the date of this announcement the Board                             
    comprises five executive directors, being Feng Zhen                       
    Wen, Yu Cheng Kun, Li Xiu Jie, Guo Bin and Lu Yin Hua;                    
    a non-executive director, Lu De Yi; and three                             
    independent non-executive directors, being Yang Shi                       
    Jie, Sun Xiao Bo and Zhang Zhong Sheng.                                   
                                                                              
    This announcement will remain on the "Latest Company                      
    Announcements" page of the GEM Website at                                 
    www.hkgem.com for at least 7 days from the date of                        
    its publication.                                                          
                                                                              
    * For identification only