By Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Dragonite International Limited(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 329) UNUSUAL SHARE PRICE MOVEMENT AND RESUMPTION OF TRADING (1) UNUSUAL SHARE PRICE MOVEMENT
This announcement is made by Dragonite International Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the "SFO") and Rule 13.09 and Rule 13.10 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board ("Board") of directors ("Directors") of the Company has noted the recent increase in the price of the shares of the Company. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that, save as disclosed herein this announcement and in the announcement of the Company dated 7 January 2014, the Board is not aware of any reasons for the price movement or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance.
The Group is in discussion for the possible disposal of an investment holding company, which if materialises, may constitute a notifiable transaction for the Company. No definitive and legally binding agreements or contracts have been signed by the Group as at the date of this announcement and the aforesaid possible disposal may or may not proceed. Shareholders of the Company and the investing public should exercise extreme caution when dealing in the shares of the Company.
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This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
Trading in the shares of the Company on The Stock Exchange of Hong Kong Limited
(the "Stock Exchange") has been halted with effect from 3:33 p.m. on 17 January
2014 pending the release of this announcement. Application has been made by the Company to the Stock Exchange for the resumption of trading of the shares of the Company with effect from 9:00 a.m. on 20 January 2014.
Hong Kong, 17 January 2014
By order of the Board
Managing Director
As at the date of this announcement, the Board comprises the following Directors:
Executive Directors
Mr. Wong Yin Sen (Chairman)
Ms. Chan Mee Sze (Managing Director) Mr. Lam Suk Ping
Non-executive Director
Mr. Hon Lik
Independent non-executive Directors
Mr. Chung Yuk Lun
Mr. Liu Kwong Sang
Mr. Lam Man Sum, Albert
Mr. Ho Tak Fun
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