09:30     GEELY AUTO<00175> - Unusual volume movement                         

    The Stock Exchange has received a message from Geely Automobile Holdings  
    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 transaction volume of the      
    shares of the Company and wish to state that save as the announcement     
    dated 10 May 2005 in relation to the change in shareholdings in the       
    controlling shareholder of the company and possible unconditional         
    mandatory general offer to be made by G.K. Goh Securities (H.K.) limited  
    on beharf of Geely Group Limited published on the same date, we are not   
    aware of any reasons for such increases.                                  
                                                                              
    We also confirm that there are no negotiations or agreements relation to  
    intended acquisitions or realisations which are discloseable under Rule   
    13.23 of the Listing Rules, neither is the Board of Directors (the "Board 
    ") aware of any matter discloseable under the general obligation imposed  
    by Rule 13.09 of the Listing Rules, which is or may be of a price-        
    sensitive nature.                                                         
                                                                              
    The statement is made by the order of the Board of Geely Automobile       
    Holdings Limited, the directors of which individually and jointly accept  
    responsibility for the accuracy of this statement."                       
                                                                              
                                                                              
                                                                              
    Yours sincerely                                                           
    For and on behalf of                                                      
    Geely Automobile Holdings Limited                                         
                                                                              
                                                                              
                                                                              
    Lawrence Ang                                                              
    Executive Director                                                        
                                                                              
    Hong Kong, 11 May 2005                                                    
                                                                              
                                                                              
    As at the date of this statement, the Board comprises Mr. He Xuechu, Mr.  
    Xu Xing Yao, Mr. Ang Siu Lun, Lawrence, Mr. Zhou Teng, Mr. Ku Wai Kwan,   
    Mr. Nan Yang, Mr. Zhang Zhe and Mr. Wong Hing Kwok as the executive       
    directors and Mr. Lee Cheuk Yin, Dannis, Mr. Song Lin as the independent  
    non-executive directors."