09:40     FUSHAN HOLDINGS<00639> - Announcement                               

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes 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.                                                     
                                                                              
                                                                              
    FUSHAN HOLDINGS LIMITED                                                   
    (Incorporated in Hong Kong with limited liability                         
    under the Hong Kong Companies Ordinance)                                  
    (Stock Code: 639)                                                         
                                                                              
    Announcement                                                              
                                                                              
    The Board noted the increases in the price and trading                    
    volume of the shares of the Company today and wishes                      
    to state that, save as described below, the Board is                      
    not aware of the reasons for such increases.                              
                                                                              
    Shareholders and investors should exercise caution                        
    when dealing in the shares of the Company.                                
                                                                              
    The board of directors (the "Board") of Fushan                            
    Holdings Limited (the "Company") noted the increases                      
    in the price and trading volume of the shares of the                      
    Company today and wishes to state that it is not aware                    
    of any reasons for such increases.                                        
                                                                              
    Save for the intention of the Company to arrange a                        
    placement of new shares of the Company and the fact                       
    that the Company made an enquiry with a placing agent                     
    two weeks ago which is at a very preliminary stage,                       
    there are no negotiations or agreements relating to                       
    intended acquisitions or realizations 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.                                              
                                                                              
    Shareholders and investors should exercise caution                        
    when dealing in the shares of the Company as the                          
    placing of new shares may or may not proceed.                             
                                                                              
    As at the date of this announcement, the Board                            
    comprises Mr. Wong Lik Ping, Mr. So Kwok Hoo and Mr.                      
    Li King Luk as the executive Directors, Mr. Kee Wah                       
    Sze, Mr. Choi Wai Yin and Mr. Chan Pat Lam as the                         
    independent non-executive Directors.                                      
                                                                              
    By Order of the Board                                                     
    So Kwok Hoo                                                               
    Executive Director                                                        
                                                                              
    Hong Kong, 5 May 2005