09:08     CN ENT INV FUND<02324> - Unusual volume movement                    

    The Stock Exchange has received a message from China Northern             
    Enterprises Investment Fund Limited which is reproduced as follows:-      
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted today's increase in trading volume of the shares            
    of the Company and wish to state that we are not aware of any reasons for 
    such increases.                                                           
                                                                              
    We also confirm that 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.                                                 
                                                                              
    Made by the order of the Board of China Northern Enterprises Investment   
    Fund Ltd. the Directors of which individually and jointly accept          
    responsibility for the accuracy of this statement.                        
                                                                              
    As at the date of this announcement, the Board comprises three executive  
    directors: Mr. Pong Po Lam, Mr Yau Chung Hong and Mr. Chui Tak Keung;     
    three non-executive directors: Mr. Ma Kwok Keung, Mr. Wang Zeng Jie and   
    Mr. Chow Ka Wo; and three independent non-executive directors: Mr. Lam    
    Kwan, Mr. Chan Ming Sun and Mr. Shiu Siu Tao.                             
                                                                              
                                                                              
    For and on behalf of                                                      
    China Northern Enterprises Investment Fund Limited                        
                                                                              
    Yau Chung Hong                                                            
    Company Secretary                                                         
                                                                              
    9th May, 2005"                                                            
                                                                              
    The Stock Exchange has received a message from Northern International     
    Holdings Limited which is reproduced as follows:                          
                                                                              
    "In order to facilitate trading of odd lots of New Shares as a result of  
    the Consolidation, the Company has appointed Kingston Securities Limited  
    (the "Agent") to provide a "matching service" to those shareholders who   
    wish to top-up or sell their holding of odd lots of New Shares.           
                                                                              
    Subject to the Consolidation becoming effective, the Agent will provide   
    the service to match the sale and purchase of odd lots of New Shares      
    during the period from 5 May, 2005 to 10 June, 2005, both dates inclusive.
    Holders of New Shares in odd lots who wish to take advantage of this      
    facility either to dispose of or top-up their odd lots to a new board lot 
    of 5,000 New Shares may directly or through their broker contact Ms.      
    Rosita Kiu of the Agent at Suite 2801, 28th Floor, One International      
    Finance Centre, 1 Harbour View Street, Central, Hong Kong (Telephone :    
    2298-6215) during such period. Shareholders should note that successful   
    matching of the sale and purchase of odd lots of New Shares is not        
    guaranteed.                                                               
                                                                              
    Shareholders are recommended to consult their professional advisers if    
    they are in any doubt about the facility described above."