SOUNDWILL HOLD<00878> - Exceptional Turnover Movement

The Stock Exchange has received a message from Soundwill 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 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 Soundwill Holdings Limited, the Board of directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.

As at the date of htis announcement, the Board comprises of (1) 
Executive Directors: Foo Kam Chu, Grace, Chan Wai Ling, Tse Chun Kong, 
Thomas, Kwan Chai Ming; (2) Non-Executive Directors: Liu Hanbo, Meng 
Qinghui: and (3) Independent Non-Executive Directors: Wong Tak Leung, 
Charles and Yuen Hing Man.


Foo Kam Chu, Grace
Director
7 July, 2004"