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At the request of the Exchange, the Company wishes to state that the unusual market action on the Company's shares on 8 September 2000, was not the results of:-
1. material development in the Group’s business and affairs; or
2. an impending change in the major shareholders of the Company.

However, we believe that the unusual market action caused to the Company’s shares could be the result of a negative newspaper article published in Page 3 of the Business Section of Sin Chew Jit Poh edition dated 8 September 2000.

With respect to Section 335 of the Listing Requirements and as required by the second paragraph in page 2 of your letter, we declare that none of the situations set out in the said Section 335 has contributed to the unusual market action.

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