09:00     GARRON INT'L<01226> - Unusual price & volume movements              

    The Stock Exchange has received a message from Garron International       
    Limited which is reproduced as follows:-                                  
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted recent increases in the price and the trading volume of the 
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases.                                               
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realisations 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 GARRON INTERNATIONAL LIMITED, the Board of the       
    directors of which individually and jointly accept responsibility for the 
    accuracy of this statement.                                               
                                                                              
    As at the date of this statement, the board of directors of the Company   
    comprises of Mr. POON Ho-man and Mr. Jerry Chiou as executive directors,  
    Mr. Hsieh Chin Chen as non-executive director and Mr. Ha Tak-kong, Mr. Fu 
    Heng-yang, and Mr. Huang Ching-chung as independent non-executive         
    directors.                                                                
                                                                              
                                                                              
    By order of the Board                                                     
    GARRON INTERNATIONAL LIMITED                                              
                                                                              
    POON Ho-man                                                               
    Executive Director                                                        
                                                                              
    Hong Kong, 30 May 2005"