CSR TIMES ELEC<03898> - Unusual price & volume movements
The Stock Exchange has received a message from Zhuzhou CSR TimesElectric Co., Ltd. which is reproduced as follows:-
"This statement is made at the request of the Stock Exchange of Hong Kong Limited (the "Stock Exchange").
We have noted the recent increase 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 increase.
We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of Zhuzhou CSR Times Electric Co., Ltd., the Board of Directors of which individually and jointly accept responsibility for the accuracy of this statement.
As at the date of this announcement, our chairman of the Board and non-executive director is Liao Bin, our executive directors are Ding Rongjun and Lu Penghu, our other non-executive directors are Tian Lei and Ma Yunkun, and our independent non-executive directors are Zhou Heliang, Gao Yucai, Chan Kam Wing, Clement, Pao Ping Wing and Tan Xiao‘ao.
By Order of the Board of DirectorsZhuzhou CSR Times Electric Co., Ltd
Tang Tuong HockCompany Secretary
Hong Kong, 16 May 2007"