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
Limited.
We have noted the today's increases in the price and trading volume of the
shares of the Company and wish to state that we are not aware of any
reasons for such increases in the price and trading volume.
Save as disclosed in the announcement of the Company dated 13 April 2006
for the change of substantial shareholder of the Company, 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
Company Secretary
18 April 2006"
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