Microsoft Word - Announement - unusual price movement - 2 draft - 2015 04 17 _2__mlc cmts_.doc

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.

DAIWA ASSOCIATE HOLDINGS LIMITED

台和商事控股有限公司*

(Incorporated in Bermuda with limited liability)

(Stock code: 1037)

UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

This announcement is made by Daiwa Associate Holdings Limited (the "Company") at the request of The Stock Exchange of Hong Kong Limited. The board of directors of the Company (the "Board") has noted the recent increase in the price and trading volume 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 in the announcements of the Company dated 13 February 2015, 13 March 2015 and 30 March 2015, respectively, regarding the entering into of the memorandum of understanding dated 12 February 2015 between Mr. Lau Tak Wan, the executive Director and president of the Company and his associates with the potential purchaser in relation to a possible sale and purchase of the shares of the Company (the "Potential Transaction"), the Board is not aware of any reasons for these price and trading volume 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.
This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
WARNINGS: Shareholders and potential investors of the Company shall be aware that there is no assurance that the Potential Transaction mentioned in this announcement will materialise. Shareholders and potential investors are urged to exercise extreme caution when dealing in the Shares.
* For identification purpose only

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By Order of the Board
Daiwa Associate Holdings Limited
LAU Tak Wan
President
Hong Kong, 17 April 2015
As at the date of this announcement, the Board comprises five executive directors, namely Mr. Lau Tak Wan, Ms. Chan Yuen Mei, Pinky, Mr. Cheung Wai Ho, Mr. Chong Wing Kam, James and Mr. Fung Wai Ching and three independent non-executive directors, namely, Dr. Barry John Buttifant, Mr. Choi Yuk Fan and Dr. Liu Ngai Wing.
The Directors jointly and severally accept full responsibility for the accuracy of the information contained in and this announcement and confirm having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in and this announcement have been arrived at after due and careful consideration and there are no other facts not contained in and this announcement the omission of which would make any statement in and this announcement misleading.

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