Response to Query Regarding Trading Activity::
Issuer & Securities
Issuer/ Manager
SINOSTAR PEC HOLDINGS LIMITED
Securities
SINOSTAR PEC HOLDINGS LIMITED - SG1V73937608 - C9Q
Stapled Security
No
Announcement Details
Announcement Title
Response to Query Regarding Trading Activity
Date &Time of Broadcast
26-Aug-2023 21:01:31
Status
New
Announcement Reference
SG230825OTHR8US7
Response Submitted Date/ Time
26-Aug-2023 21:01:30
Response Details
Response Submitted By (Co./ Ind. Name)
Li Xiang Ping
Respondent's Designation
Executive Chairman and CEO
Response Description (Please provide a detailed description of the Response to Query in the box below)
The Board of Directors (the Board ) of Sinostar PEC Holdings Limited (the Company ) refers to the queries from the Singapore Exchange Securities Trading Limited ( SGX-ST ) on 25 August 2023 regarding the unusual price movements in the Company s shares and wishes to respond as follows:
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
Company s Response
The Company is unaware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the share price movements.
The Board has a duty to assess all strategic options to maximise shareholder value and from time to time, enters into discussions on possible transactions involving the Company. There is, however, no certainty that any transaction will materialise.
The Company will, in compliance with its obligations under the Listing Manual of the SGX-ST, make the relevant announcement(s) on SGXNET if or when required.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Company s Response
The Company is not aware of any other possible explanation for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Company s Response
The Company confirms that it is in compliance with the listing rules of the SGX-ST and, in particular, Rule 703 of the Listing Manual of the SGX-ST.
The Board collectively and individually takes responsibility for the accuracy of the aforesaid replies to the queries raised by the SGX-ST.
By Order of the Board
Li Xiang Ping
CEO and Executive Chairman
26 August 2023
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