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Substantial Increase In Trading Price And Volume Of China Petrotech Holdings Limited's Shares

BackOct 11, 2004

The sponsor for the initial public offering of China Petrotech Holdings Limited's shares was Kim Eng Capital Pte. Ltd.

We refer to the Singapore Exchange Securities Trading Limited's ("SGX-ST") query of 11 October 2004 regarding the substantial increase in price and trading volume of the shares of China Petrotech Holdings Limited ("Company").

The Company wishes to inform the SGX-ST that it is not aware of any information not previously announced concerning China Petrotech Holdings Limited, its subsidiaries or associated companies which could have contributed to the substantial increase in the price and trading volume of the Company's shares.

The Company is also not aware of any other possible explanation for the trading and confirms that it has complied with the listing rules of the SGX-ST, in particular, listing rule 703.