09:53     HK CONSTRUCTION<00190> - Announcement (1)                           

    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.                                                     
                                                                              
                                                                              
    HONG KONG CONSTRUCTION (HOLDINGS) LIMITED                                 
    (Incorporated in Hong Kong with limited liability)                        
    (Stock code: 190)                                                         
                                                                              
    ANNOUNCEMENT ON                                                           
    UNUSUAL PRICE AND VOLUME MOVEMENTS                                        
                                                                              
    The Board has noted the recent increases in price and                     
    trading volume of the shares of the Company and wish                      
    to state that they are not aware of any reasons for                       
    such movement save as disclosed below.                                    
                                                                              
    The statement is made at the request of The Stock                         
    Exchange of Hong Kong Limited (the "Stock Exchange").                     
                                                                              
    We have noted the recent increases in price and                           
    trading volume of the shares (the "Shares") of Hong                       
    Kong Construction (Holdings) Limited (the "Company")                      
    and wish to state that we are not aware of any reasons                    
    for such movement save as disclosed below.                                
                                                                              
    Mr. TSANG Sai Chung Kirk, an executive director of                        
    the Company has recently purchased certain Shares                         
    with the following details:                                               
                                                                              
    Shareholding    Shareholding                                              
    immediately     immediately                                               
    before the      after the                                                 
    Date of Shares  Number of       Price of Shares                           
            Shares  Shares                                                    
    purchased       Shares purchased        purchased (HK$)                   
            purchased       purchased                                         
                                                                              
    28 April 2005   100,000 0.50    0.0077% 0.0128%                           
    29 April 2005   100,000 0.50    0.0128% 0.0179%                           
    3 May 2005      100,000 0.50    0.0179% 0.0231%                           
    4 May 2005      100,000 0.50    0.0231% 0.0282%                           
    5 May 2005      300,000 0.50    0.0282% 0.0436%                           
                                                                              
    Relevant notifications under the Securities and                           
    Futures Ordinance, Chapter 571 of the Laws of Hong                        
    Kong, have been duly filed with the Stock Exchange.                       
                                                                              
    As stated in the Company's 2004 annual report, the                        
    Company is now repositioning itself to businesses                         
    other than construction and property development and                      
    investments. Apart from the investment in Guilin Biya                     
    Expressway Construction Company Limited as announced                      
    on 24 March 2005 and the investments in Asia Wind Power                   
    (Mudanjiang) Company Limited and Hong Kong Wind Power                     
    (Muling) Company Limited as announced on 4 April 2005,                    
    the Company is still actively pursuing various                            
    infrastructure projects in various provinces of China                     
    and in the Southeast Asian region, in particular                          
    Indonesia. Such projects, if materialized, may                            
    constitute notifiable transactions under the Rules                        
    Governing the Listing of Securities on the Stock                          
    Exchange (the "Listing Rules"). However, at the date                      
    of this announcement, no legally binding agreement                        
    has been entered into by the Company. The Company will                    
    make necessary and appropriate announcements for such                     
    potential new projects (if any) in accordance with                        
    the requirements of the Listing Rules.