SHUN CHEONG<00650> - Unusual price & volume movements
The Stock Exchange has received a message from Shun Cheong Holdings
Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
We have noted the today's increases in the price and the increases in
trading volume of the shares of the Company and wish to state that we are
not aware of any reasons for such decreases in the price and increases in
Save as disclosed in the announcement of the Company dated 2 February 2006
on the Very Substantial Disposal, Connected Transaction and Continuing
Connected Transactions, we confirm that there are no negotiations or
agreements relating to intended acquisitions or realizations 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.
As at the date hereof, the board of directors of the Company comprises of
seven directors, of which four are executive directors, namely Mr. Chan
Yuen Keung, Zuric, Mr. Hong Yiu, Mr. Yu Sek Kee, Stephen, and Mr. Au Yu
Fai, Patrick; and three are independent non-executive directors, namely
Dr. Chan Chok Ki, Mr. Ho Hin Kwan, Edmund and Mr. Yu Hon To, David.
Made by the order of Shun Cheong Holdings Limited, the board of directors
of which individually and jointly accept responsibility for the accuracy
of this statement."
Lo Yun Sang
7 March 2006"