09:20     WORLDMETAL<08161> - Unusual price movement                          

                                                                              
    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.                                                     
                                                                              
    WorldMetal Holdings Limited                                               
    (Incorporated in Bermuda with limited liability)                          
    (Stock code: 8161)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    This announcement is made at the request of The Stock                     
    Exchange of Hong Kong Limited.                                            
                                                                              
    The board of directors (the "Board") of WorldMetal                        
    Holdings Limited (the "Company") has noted the recent                     
    increase in the trading price of the shares of the                        
    Company and wishes to state that, save as disclosed                       
    in the announcement of the Company dated 19 May 2005,                     
    the Board is not aware of any reasons for such                            
    increase.                                                                 
                                                                              
    Save for the above, the Board confirms that there are                     
    no negotiations or agreements relating to intended                        
    acquisitions or realisations which are discloseable                       
    under Chapters 19 and 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.                                 
                                                                              
    Shareholders and investors are advised to exercise                        
    caution when dealing in the shares of the Company.                        
                                                                              
    Made by the order of the Board, the directors of which                    
    collectively and individually accept responsibility                       
    for the accuracy of this announcement.                                    
                                                                              
    As at the date of this announcement, the Board of the                     
    Company comprises Ms. Lau Ting, Mr. Chen Aizheng and                      
    Mr. Ng Man Fai, Matthew as Executive Directors and                        
    Mr. King Roger, Mr. Huang Shenglan and Mr. Li Xiaojun                     
    as Independent Non-Executive Directors.                                   
                                                                              
    By order of the Board                                                     
    WorldMetal Holdings Limited                                               
    Ng Lai Ping, Grace                                                        
    Company Secretary                                                         
                                                                              
    Hong Kong, 23 May 2005                                                    
                                                                              
    This announcement, for which the directors (the                           
    "Directors") of WorldMetal Holdings Limited (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 of Hong Kong Limited 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 at                                 
    www.hkgem.com for at least 7 days from the date of                        
    its posting.