Thanks to the support of listed issuers and their efforts in adapting to the new arrangements, the Hong Kong securities market entered into a new era of electronic disclosure on 25 June 2007.

The GEM Listing Committee of the Stock Exchange of Hong Kong Limited (the "GEM Listing Committee") publicly censures the Company for a breach of Rules 19.34, 19.48 and 19.49 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (the "GEM Listing Rules").

The Stock Exchange of Hong Kong Limited (the Exchange) announces that effective from the date of this announcement (May 15th), the Company will be put into the third stage of the Delisting Procedures.

Hong Kong Futures Exchange Limited has released the information below:

HKEx announces new appointments to various Committees and Consultative Panels

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Hong Kong Exchanges and Clearing Limited (HKEx) is offering investors more choices in Exchange Traded Funds (ETFs) with the listing of the market's first global and regional equity ETFs today (Wednesday), and the listing of the first ETFs on US equities (Nasdaq stocks) and commodities next week.