CHINA ELEGANCE<00476> - Unusual price & volume movements

The Stock Exchange has received a message from China Elegance (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 the price and trade volume of the shares of 
the Company today and wish to state that we are not aware of any reasons 
for such circumstances.

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 China Elegance (Holdings) Limited, the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

Hong Kong this 17 day of November 2006.

As at the date hereof, the executive directors of the Company are Mr. 
Cheung Ngan and Mr. Chan Chung Chun Arnold, and the independent non-
executive directors are Mr. Chan Chak Paul, Mr. Hu Guang and Mr. Chan 
Francis Ping Kuen.

Chan Chung Chun
Executive Director
Date: 17 November 2006"