09:19     ASIA STANDARD<00129> - Unusual volume movement                      

    The Stock Exchange has received a message from Asia Standard International
    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 trading volume of the shares of the  
    Company and wish to state that we are not aware of any reason for such    
    increase.                                                                 
                                                                              
    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 International Group       
    Limited, the Board of directors of which individually and                 
    jointly accept responsibility for the accuracy of this statement.         
                                                                              
                                                                              
    Fung Siu To Clement                                                       
    Chairman                                                                  
                                                                              
    Hong Kong, this 24th day of May, 2005                                     
                                                                              
    As at the date of this statement, the directors of the Company are Mr.    
    Fung Siu To Clement, Mr. Lim Yin Cheng, Mr. Poon Jing, Mr. Lun Pui Kan,   
    Mr. Kwan Po Lam Phileas, Mr. Nicholas James Loup, Mr. Liang Shangli, Au   
    Yat Chuen Raymond, Mr. Koon Bok Ming Alan# Mr. Leung Wai Keung,           
    Richard# and Mr. Wong Chi Keung#.                                         
                                                                              
    # Independent non-executive directors"