CHINA HUAJUN GP (00377): Abnormal share price movement; preliminary discussions are ongoing with a certain party regarding a potential disposal matter.

CHINA HUAJUN GP (00377) has announced that the Board of Directors of the Company has noted the abnormal fluctuations in the price of the Company's shares today. After making all inquiries that are reasonable in the current circumstances, the Board confirms that it is not aware of any reason causing the share price fluctuations, nor is there any information that must be announced to avoid a false market in the Company's shares, or inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board wishes to inform that the Company is currently in preliminary discussions with a certain party regarding a potential disposal matter. As at the date of this announcement, the negotiations are still ongoing. The terms and conditions of the potential disposal matter have not been finalized, and the Group has not entered into any formal agreement in respect of the potential disposal matter as at the date of this announcement. There is no assurance that the potential disposal matter will materialize or ultimately be completed. Accordingly, the potential disposal matter may or may not proceed. The Company will comply with the relevant requirements under Chapter 14 and Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in due course.