GUANGZHOU PHAR<00874> - Exceptional Turnover Movement
The Stock Exchange has received a message from Guangzhou Pharmaceutical
Company Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
The board of directors of the Company (the "Board") has noted today's
increase in the trading volume of the shares of (Guangzhou
Pharmaceutical Company Limited) (the "Company") today and wish to state
that the Board is not aware of any reasons for such increase.
The Board also confirms that 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 the Company, individually
and jointly accept responsibility for the accuracy of this announcement.
By order of the Board
He Shuhua
Company Secretary
Guangzhou, the PRC, 21 May 2003"
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