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We refer to the Exchange's letter dated 14 July 2003 pertaining to the unusual market activity in
accordance to the paragraph 9.11 of the Listing Requirements, the board of directors wish to confirm
that,after due enquiry and to the best of our knowledge we are not aware any of the following:-
1.Any material development in the Company's business and affairs not previous disclosed.
2.Any impending change in the major shareholders; and
3.Any other reasons to account for the unusual market action.
We also confirm that none of the situation/ events subject to the continuing disclosure requirements.
