08:50     Q9 TECHNOLOGY<08129> - 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.               
                                                                              
                                                                              
    Q9 TECHNOLOGY HOLDINGS LIMITED                                            
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 8129)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    This announcement is made at the request of The Stock Exchange of         
    Hong Kong Limited (the `Stock Exchange'). We have noted today's           
    increase in the price of the shares of Q9 Technology Holdings Limited     
    (the `Company') and wish to state that we are not aware of any            
    reasons for such increase.                                                
                                                                              
    We also confirm that there are no negotiations or agreements              
    relating to intended acquisitions or realizations 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 (the `GEM Listing Rules'), neither is the board of directors     
    (the `Board') of the Company 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 the Company of           
    which collectively and individually accept responsibility for the         
    accuracy of this announcement.                                            
                                                                              
                                                                              
    By order of the board of                                                  
    Q9 Technology Holdings Limited                                            
    LEUNG LAP YAN                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 30th May, 2005                                                 
    As of the date hereof, the executive directors are Mr. Leung Lap          
    Yan, Dr. Lim Yin Cheng, Mr. Tam Kam Biu William, Mr. Leung Lap Fu         
    Warren, Mr. Lau Man Kin, Mr. Lun Pui Kan, Mr. Fung Siu To Clement,        
    Mr. Kwan Po Lam Phileas, Mr. Wan Xiaolin and Mr. Kwan Kin Chung, the      
    independent non-executive directors are Mr. Ip Chi Wai, Mr. Tse Wang      
    Cheung Angus and Mr. Woo Wei Chun Joseph.                                 
                                                                              
    This announcement, for which the directors of Q9 Technology 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 of the       
    Company, 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 GEM website at                       
    http://www.hkgem.com on the `latest company announcement' page for at     
    least 7 days from the day of its posting.