REXLOT HOLDINGS LIMITED 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.
(Incorporated in Bermuda with limited liability)
(Stock code: 555) HOLDING ANNOUNCEMENT
Reference is made to the announcements of REXLot Holdings Limited (the 'Company') dated 29 June, 26 August and 19 October 2015 in relation to the suspension of trading of the Company's shares (the 'Shares') on The Stock Exchange of Hong Kong Limited (the 'Stock Exchange') pending the release of a clarification announcement.
The board of directors of the Company (the 'Board') wishes to provide an update to the shareholders and potential investors of the Company regarding the latest development concerning the suspension of trading of the Shares.
On 24 June 2015, a report (the 'Report') was issued by Anonymous Analytics which contained allegations regarding the Company's business operations and financial information. The Board has carefully reviewed the Report and considers the allegations to be unsubstantiated and untrue. The Report contains errors of fact, misleading statements and unfounded accusations against the Company. The Company is preparing a clarification announcement with a detailed response to address the allegations in the Report. The clarification announcement will be published as soon as practicable.
The Company is committed to providing full and accurate disclosures and to rebut any false allegations which attempt to undermine confidence in the Company's business, management and operations.
Separately, as mentioned in the Report, individuals or entities connected with Anonymous Analytics may have a short position in the Shares or debt of the Company and/or options of the Shares, and therefore stand to gain substantially in the event that the price of the Shares decreases.
At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended since 11:33 a.m. on 24 June 2015 and will remain suspended pending the release of the clarification announcement.
By Order of the Board Chan How Chung, Victor Executive Director
Hong Kong, 27 November 2015
As at the date of this announcement, the board of directors of the Company comprises two executive directors namely Mr. Chan How Chung, Victor and Mr. Boo Chun Lon and three independent non-executive directors namely Mr. Yuen Wai Ho, Mr. Chow Siu Ngor and Mr. Lee Ka Lun.
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