CHINA AEROSPACE<0031> - Exceptional Turnover Movement

The Stock Exchange has received a message from China Aerospace 
International Holdings Limtied 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 increases in the trading volume of the shares of 
the Company and wish to state that we are not aware of any reasons for 
such increases.

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.

The Directors of the Company (save for Mr. Rui Xiaowu and Mr. Li Jinsheng, 
the non-executive directors, are not contactable prior to the issue of 
this announcement) individually and jointly accept the responsibility for 
the accuracy of this statement.


By Order of the Board of
CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED
Ken Chan
Company Secretary

Hong Kong, February 20, 2001"