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.
TA YANG GROUP HOLDINGS LIMITED大洋集團控股有限公司
(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1991)
UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS
This announcement is made at the request of The Stock Exchange of Hong Kong
Limited (the "Stock Exchange").
The board (the "Board") of directors (the "Directors") of Ta Yang Group Holdings Limited (the "Company") noted the recent increases in the price and trading volume of the shares of the Company.
The Board was just informed by Mr. Huang Sheng-Shun, the controlling shareholder of the Company, that he is in negotiation with Ms. Wu Pei Min, a substantial shareholder of the Company, on the possible acquisition from her of certain shares in the Company. As of the date of this announcement, detailed terms in relation to such transaction, including the price and timing, have not been finalized.
Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that, save as disclosed above, it is not aware of any reasons for the recent increases in the price and trading volume 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 (Chapter 571 of the Laws of Hong Kong).
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This announcement is made by the order of the Company. The Company's Board of Directors collectively and individually accepts responsibility for the accuracy of this announcement.
By Order of the Board
Hong Kong, 6 August, 2014
As at the date hereof, the Board of the Company has four executive directors, namely, Mr. Huang Sheng-Shun, Mr. Huang Te-Wei, Mr. Wong Tak Leung and Mr. Kwok Yiu Kai, and one non-executive director, namely, Mr. Wu Ih Chen, and four independent non-executive directors, namely, Mr. Hsieh Yu, Professor Jou Yow-Jen, Mr. Yeung Chi Tat and Mr. Kirk Yang.
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