ASIA ALUMINUM<00930> - Exceptional Turnover Movement

The Stock Exchange has received a message from Asia Aluminum Holdings 
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 the trading volume of the shares of 
the Company and wish to state that we are not aware of any reasons for 
such increase.

We also confirm that save as the announcement of the Company dated 15 
January 2004 is respect of Placing and Subscription of shares, there are no 
negotiations or agreements relating to intended acquisitions or realizations 
which are discloseable under paragraph 3 of the Listing Agreement, neither is 
the Board aware of any matter discloseable under the general obligation 
imposed by paragraph 2 of the Listing Agreement, which is or may be of a 
price-sensitive nature.

Made by the order of the Board, the directors of which individually and 
jointly accept responsibility for the accuracy of this statement.


By order of the Board
Asia Aluminum Holdings Limited

Dr. Chan Yiu Tsuan, Benby
Deputy Chairman & CEO

Hong Kong, 16 January, 2004"