XIN CORP<01141> - Exceptional Price Movement

The Stock Exchange has received a message from Xin Corporation 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 decrease in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
decrease.

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 order of the Board of Xin Corporation Limited, the directors 
of which individually and jointly accept responsibility for the 
accuracy of this statement.


For and on behalf of
XIN CORPORATION LIMITED

Yu Wai Man
Director & Company Secretary

12 January 2004"