General Announcement::TRADE WITH CAUTION

Issuer & Securities

Issuer/ Manager
CHINA ESSENCE GROUP LTD.
Securities
CHINA ESSENCE GROUP LTD. - KYG2111N1043 - G54
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Jul-2015 08:39:49
Status
New
Announcement Sub Title
TRADE WITH CAUTION
Announcement Reference
SG150729OTHRPB29
Submitted By (Co./ Ind. Name)
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Designation
SURVEILLANCE
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange Securities Trading Limited ("SGX-ST") wishes to draw the market's attention to the recent query SGX-ST issued to China Essence Group Ltd. (the "Issuer") regarding the substantial increase in its traded volume and increase in its share price by 450% on 28 July 2015. The Issuer has responded on 28 July 2015 that apart from the previous announcements in relation to the resignation of BDO Limited and BDO LLP as the Company s joint auditors and the resignation of Mr Lai Hock Meng, Peter as independent director of the Company dated 27 July 2015 and 25 June 2015 respectively, it was not aware of any reasons that could possibly explain the trading in its securities.

In view of the trading activities observed and the Issuer's response, shareholders and potential investors should exercise caution when dealing in the securities.

The Exchange will investigate all possible transgressions and will work with the relevant regulatory agencies to pursue actions to maintain a fair, orderly and transparent market.

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.