SHUN CHEONG<00650> - Unusual price movement
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 decrease in price of the shares of the Company today and
wish to state that we are not aware of any reasons for such decrease in
Save as disclosed in the announcement of the Company dated 5 June 2007 on
the Open Offer To Qualifying Shareholders and Resumption of Trading, 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
As at the date hereof, the board of directors of the Company comprises of
five directors, of which two are Executive Directors, namely Ms. Cao Jing
(Chairman) and Mr. Mo Tianquan; and three are Independent Non-Executive
Directors, namely Mr. Yu Hon To, David, Professor Ye Jianping and Mr.
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.
Ngan Mei Fan
Date: 11 June 2007"