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China Trustful (08265)up 78% after trading resumption
12 Feb 2019
(Infocast News) China Trustful Group Limited (08265) is now traded at HK$0.74, up 78.3% after resuming trading this morning. The said that the board of the company had noted a material decrease in the price and an increase in trading volume of the shares of the Company on 1 February 2019. The Company has
been informed by Smart Focus Inc Limited after the Friday that it is aware that part of the shares in the Company owned by Smart Focus have been transacted in the market on the Friday by the chargee of those shares without the prior knowledge of Smart Focus. Smart Focus has not been able to confirm to the
Company the number of shares of the Company that has been transacted. Smart Focus has confirmed that immediately prior to the Friday, it was interested as beneficial owner in 486,715,358 shares in the Company of which approximately 145 million shares of the Company were charged in favour of third parties. Such shares beneficially held and charged represented approximately 18.2% and 5.4%, respectively, of the total number of shares in the Company in issue immediately prior to the Friday.

Having made such enquiry with respect to the Company as is reasonable in the circumstances, the board of the company confirmed that they were not aware of any reasons for these price and volume movements or of any information which must be announced to avoid a false market in the Company’s shares or of any
inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

(SY)
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