CH GRAND FOREST<00910> - Unusual price & volume movements

The Stock Exchange has received a message from China Grand Forestry
Resources 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 today's decrease in the price and the increase in trading 
volume of the shares of the Company and wish to advise that the board of 
directors of the Company (the "Board") is not aware of any reasons for 
such movements.
 
We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under rule 
13.23 of the Listing Rules, 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, the Directors of which individually and 
jointly accept responsibility for the accuracy of this statement.
 
As at the date of this announcement, the Board comprises of Mr. Ng Leung 
Ho, Ms. Lee Ming Hin, Mr. Hu Xiaoming and Mr. Ge Wen Hong being the 
Executive Directors and Mr. Lo Cheung Kin, Mr. Zou Zi Ping 
and Mr. Zhu Jian Hong being the Independent Non-Executive Directors.
 
 
By order of the Board
 
 
Lau Che Yue, Stephen
Authorized Representative & Company Secretary
 
Hong Kong, 5 March 2007"