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UNUSUAL PRICE MOVEMENT AND CLARIFICATION ON PRESS ARTICLE

This announcement is made at the request of The Stock Exchange of Hong Kong Limited.
The board of directors ("Board") of AV Concept Holdings Limited ("Company" and its subsidiaries, the "Group") 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 that the Group is in negotiation for the disposal of properties which may constitute a notifiable transaction under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, it is not aware of any reasons for such increase in price movements of the shares of the Company 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 Board has noted there were press articles in Hong Kong today which stated that the Company is going to proceed with the spin-off of Me2on Co., Ltd. ("Me2on"). The Board wishes to clarify that the Company only holds 23.04% interest in Me2on and Me2on is not a subsidiary of the Group and the Company is not going to undertake any spin-off. To the best knowledge of the Board, Me2on is exploring the opportunities of listing its shares but there is no concrete plan made.
This announcement is made by the order of the Board of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
On behalf of the Board

AV Concept Holdings Limited So Yuk Kwan Chairman

Hong Kong, 24 February 2014

As at the date of this announcement, the Board comprises three executive Directors, Dr. Hon. So Yuk Kwan (Chairman), Mr. So Chi On and Mr. Ho Choi Yan Christopher and three independent non- executive Directors, Dr. Lui Ming Wah, SBS, JP, Mr. Charles E. Chapman and Mr. Wong Ka Kit.

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