G CHINA HOLD<00431> - Unusual price movement

The Stock Exchange has received a message from Greater 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 increase in today's price 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 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 the Company, the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement.

As of the date of this letter, the Board comprises of Mr. Xu Ying and 
Mr. Liu Ming Hui as executive directors and Mr. Wang Xianjun, Mr. Liu 
Fengliang and Mr. Wan Tze Fan, Terence are independent non-executive 
directors.


By Order of the Board 
Greater China Holdings Limited

Doris Yang
Company Secretary

21 February 2005"