ITC CORPORATION<00372> - Unusual price & volume movements

The Stock Exchange has received a message from ITC 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 increase in price and trading volume of the 
ordinary 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 of the Rules Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited (the "Listing Rules"), neither is the board 
of directors of the Company ("Board") aware of any matter discloseable 
under the general obligation imposed by rule 13.09 of the Listing Rules, 
which is or may be of a price-sensitive nature.

Made by the order of the Board of ITC Corporation Limited the directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.

As at the date of this statement, the Board comprises eight directors of 
the Company, of which (i) five are executive directors, namely Dr. Chan 
Kwok Keung, Charles, Ms. Chau Mei Wah, Rosanna, Mr. Chan Kwok Hung, Mr. 
Chan Fut Yan and Mr. Cheung Hon Kit; and (ii) three are independent non-
executive directors, namely Mr. Chuck Winston Calptor, Mr. Lee Kit Wah and 
Mr. Wong Kam Cheong, Stanley.


For and on behalf of board of 
ITC CORPORATION LIMITED

Chau Mei Wah, Rosanna
Deputy Chairman

20 January, 2006"