09:24     MINGWAH HI TECH<08301> - Unusual price & volume movements           

                                                                              
    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.               
                                                                              
    Shenzhen Mingwah Aohan High Technology Corporation Limited*               
    (a joint stock limited company incorporated in the People's Republic      
    of China)                                                                 
    (Stock code: 8301)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    The announcement is made at the request of The Stock Exchange of Hong     
    Kong Limited. The board of directors (the ``Board'') of Shenzhen          
    Mingwah Aohan High Technology Corporation Limited (the ``Company'')       
    noted today's decrease in price and increase in trading volume of the     
    shares of the Company and wish to state that it is not aware of any       
    reasons for such fluctuations.                                            
                                                                              
    The Board also confirm that there are no negotiations or agreements       
    relating to intended acquisitions or realisations which are               
    discloseable under Chapters 19 to 20 of the Rules Governing the           
    Listing of Securities on the Growth Enterprise Market of The Stock        
    Exchange of Hong Kong Limited (the ``GEM Listing Rules''), neither        
    is 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                                                     
    Shenzhen Mingwah Aohan High Technology Corporation Limited*               
    Li Qi Ming                                                                
    Chairman                                                                  
                                                                              
    Shenzhen, the PRC, 11 May 2005                                            
                                                                              
    As at the date hereof, the executive directors of the Company are Mr.     
    Li Qi Ming, Mr. Zhu Qing Feng, Mr. Guo Bao An, Mr. Zheng Wen, Mr. Wang    
    Zheng Guo and Mr. Li Guang Ming; the independent non-executive            
    directors of the Company are Mr. Gao Xiang Nong, Mr. Li Quan Sheng        
    and Mr. Zhang Yu Chuan.                                                   
                                                                              
    This announcement, for which the directors of the Company                 
    collectively and individually accept full responsibility, includes        
    particulars given in compliance with the Rules Governing the Listing      
    of Securities on the Growth Enterprise Market of the Stock Exchange       
    for the purpose of giving information with regard to the Company. The     
    directors, having made all reasonable enquiries, confirm that, to the     
    best of their knowledge and belief: (1) the information contained in      
    this announcement is accurate and complete in all material respects       
    and not misleading; (2) there are no other matters the omission of        
    which would make any statement in this announcement misleading; and       
    (3) all opinions expressed in this announcement have been arrived at      
    after due and careful consideration and are founded on bases and          
    assumptions that are fair and reasonable.                                 
                                                                              
    This announcement will remain on the ``Latest Company Announcements''     
    page of the GEM website for at least seven days from the day of its       
    posting.                                                                  
                                                                              
    * For identification purpose only