Response to Query Regarding Trading ActivityThe Company is currently undergoing advanced negotiations with a potential third party buyer regarding the sale of land and building located at No. 37 Xingdong Road, Xinglin District, Xiamen City, The People’s Republic of China (the “Land”), owned by the Company’s wholly subsidiary, Shishi Simwa Knitting & Dyeing Co., Ltd. As there has been no industrial activities carried out on the Land for a period of time, the Management is of the view that the local government could potentially acquire the Land for its further development and that such government acquisition is likely to be imminent based on recent contact with government officials, (unofficial) indications and information from the tenants of the building who have moved out. As at the date of this announcement, no contract has yet been entered into with the potential buyer and there is no certainty that such discussions or negotiations will proceed beyond the negotiation stages or result in any t (more...)