SHIMAO CHINA<00649> - Unusual price & volume movements
The Stock Exchange has received a message from Shimao China 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 decrease in the price and increase in trading volume of
the shares of the Company and wish to state that save for the information
disclosed in the Company's two announcements both dated 23 February 2005,
we are not aware of any reasons for such decrease in price and increase
in trading volume.
Save as disclosed above, 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 the Board of Shimao China Holdings Limited, the
directors of which (excluding Mr. Zhu Wenhui who is uncontactable prior to
the issue of this statement) individually and jointly accept
responsibility for the accuracy of this statement.
As at the date of this statement, the Board comprises
Directors: Independent non-executive Directors:
Hui Wing Mau Lee Chack Fan
(Chairman and Non-executive Director) Liu Hing Hung
Chung Shui Ming, Timpson Zhu Wenhui
(Chief Executive Officer and Executive Director)
Hui Mei Mei, Carol
(Deputy Chairman and Executive Director)
Hui Sai Tan, Jason (Executive Director)
Chan Loo Shya (Executive Director)
Tung Chi Shing, Joseph (Executive Director)
For and on behalf of
Shimao China Holdings Limited
Eric Mok
Company Secretary
25 February 2005"
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