PIONEER GLOBAL<00224> - Unusual price movement

The Stock Exchange has received a message from Pioneer Global Group 
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 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 the Board of Pioneer Global Group Limited the 
directors of which individually and jointly accept responsibility for the 
accuracy of this statement.

As at the date of this statement, the executive directors of the Company 
are Mrs. Rossana Wang Gaw, Mr. Goodwin Gaw, Mr. Kenneth Gaw and Ms. Tsui 
Kwai Ying and the independent non-executive directors of the Company are 
Dr. Charles Wai Bun Cheung, J.P., The Hon. Bernard Charnwut Chan and Mr. 
Arnold Tin Chee Ip.


Tsui Kwai Ying

24 November 2004"