CHINA AEROSPACE<00031> - Unusual price movement

The Stock Exchange has received a message from China Aerospace
International Holdings Limited which is reproduced as follows:-

"This Announcement is made at the request of the Stock Exchange of Hong 
Kong Limited.

We have noted today the increases in the price 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 rule 
13.23, neither is the Board aware of any matter discloseable under the 
general obligation imposed by rule 13.09, which is or may be of a price-
sensitive nature.

Made by the order of China Aerospace International Holdings Limited the 
Board of the Directors of which individually and jointly accept 
responsibility for the accuracy of this statement 

As at the date of this announcement, the Board of Directors of the Company 
comprises Messrs. Zhao Liqiang, Zhou Qingquan, Zhao Yuanchang, Wu Hongju 
and Guo Xianpeng as executive directors, Messrs. Ma Xingrui, Gong Bo, Chen 
Dingyi, Chan Ching Har, Eliza, Wang Yujun and Xu Jianhua as non-executive 
directors, Messrs. Lee Hung Sang, Chow Chan Lum, Charles and Luo Zhenbang 
as independent non-executive directors.

By order of the Board of 
China Aerospace International Holdings Limited

Ken Chan
Company Secretary


Hong Kong, 21 February 2007"