Symphony Holdings Limited — Director's Dealing 2000

Feb 24, 2000

Listed Company Information

SYMPHONY HOLD<1223> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Symphony Holdings Limited (Incorporated in Bermuda with limited liability) Announcement The board of directors of the Company wish to inform the shareholders of the Company that directors of the Company have dealt in the shares of the Company. This Statement is made at the request of The Stock Exchange of Hong Kong Limited. Symphony Holdings Limited ("the Company") was informed by First Place Limited ("First Place"), a substantial shareholder of the Company, that it has disposed of 51,500,000 shares in the Company, representing approximately 13.18% of the trading volume of shares, at the prices ranging from HK$0.30 to HK$0.33 on 23rd February, 2000. After the aforesaid disposal, First Place held approximately 12.98% shareholding interest in the Company. Each of Mr. Chan Ting Chuen and Mr. Sze Sun Sun, Tony, both are directors of the Company, is interested in more than one-third of the issued share capital of First Place and is deemed to be interested in shares of the Company held by First Place. Mr. Li Kwok Lung, Alfred Ronald ("Mr. Li"), a director of the Company, also informed the Company that he has disposed of 3,000,000 shares at the price of HK$0.33 on the same day. Save for the above dealings by First Place and Mr. Li, the Company is not aware of any other reasons which resulted in the increases in price and the trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increases. We also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature. Made by the order of the Board of Symphony Holdings Limited the directors of which individually and jointly accept responsibility for the accuracy of this statement. By Order of the Board Symphony Holdings Limited Law Wai Chung, Allen Deputy Managing Director Hong Kong, 23rd February, 2000