CHINA RESOURCES<00291> - Exceptional Price Movement

The Stock Exchange has received a message from China Resources Enterprise, 
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 decreases in the price of the shares of the 
Company and wish to state that save as disclosed below, we are not aware 
of any reasons for such decrease.

The Company has made an announcement on 18th September 2001 in respect of 
its interim result for the six months ending 30th June 2001.  In this 
announcement, the Company also reported the status of its restructuring 
plan.  As announced, the Group is currently conducting studies into the 
viability of acquiring various distribution and logistics related 
businesses.  With respect to recent market rumours in relation to possible 
disposal by the Group of its interest in HKCB Holding, as previously 
announced, the Group intends to continue divesting from its 
non-distribution related businesses.  In this regard, discussions are 
being held by the Group with interest parties.  However, no agreements 
have been reached so far, and the Group has received no legally binding 
offer in this connection.

We refer to the press articles which appeared in the Hong Kong Economic 
Times and the Hong Kong Economic Journal today in relation to the 
Company's possible disposal of its interest in HKCB Bank Holding Company 
Limited ("HKCB Holding").  The Company would like to confirm that the 
position in respect of the HKCB Holding disposal has not changed since the 
18th September 2001 announcement.

Save as disclosed above, we also confirm that there are no negotiations or 
agreements relating to intended acquisitions or realisations 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 Board of the directors of China Resources Enterprise, Limited, 
which individually and jointly accept responsibility for the accuracy of 
this statement.

An Lu
Executive Director

21 September 2001"