09:15     ASIA STD HOTEL<00292> - Unusual price & volume movements            

    The Stock Exchange has received a message from Asia Standard Hotel Group  
    Limited which is reproduced as follows:-                                  
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the recent increase in price and trading volume of the      
    shares of the Company and wish to state that we are not aware of any      
    reason 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 Asia Standard Hotel Group Limited, the  
    Board of directors of which individually and jointly accept               
    responsibility for the accuracy of this statement.                        
                                                                              
                                                                              
    Hong Kong, this 23rd day of May, 2005.                                    
                                                                              
    Lim Yin Cheng                                                             
    Deputy Chairman                                                           
                                                                              
                                                                              
    As at the date of this statement, the directors of the Company are Mr.    
    Poon Jing, Mr. Lim Yin Cheng, Mr. Fung Siu To Clement, Mr. Poon Tin Sau   
    Robert, Mr. Wong Shu Pui, Mr. Liang Shangli, Mr. Ip Chi Wai#, Mr. Leung   
    Wai Keung Richard# and Mr. Hung Yat Ming#.                                
                                                                              
                                                                              
    # independent non-executive directors"