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Tung Lok Restaurants (2000) Limited - Substantial Increase In Price And Trading Volume On The Exchange

BackMay 02, 2002

02 May 2002

Tung Lok Restaurants (2000) Limited
298 Tiong Bahru Road #14-02/04
Central Plaza
Singapore 168730

Attention: Mr. Andrew Tjioe Ka Men

Dear Sir

SUBSTANTIAL INCREASE IN PRICE AND TRADING VOLUME ON THE EXCHANGE

1 We draw your attention to the sharp increase in the price and trading volume of your Company's shares on the Singapore Exchange today.

2 Under the Exchange's Corporate Disclosure Policy, immediate disclosure should be made about the Group's affairs where such information might reasonably be expected to have a significant effect on the trading volume and the price of its securities.

3 Please note that under Clause 1204 of the listing manual, a listed issuer is required to undertake a review to determine the cause(s) of any unusual trading activity and consider whether there is any information about its affairs which could account for the unusual trading volume and movement in price of its securities. This could include matters such as leakage of unannounced material information, misinterpretation of publicly available information, rumour or excessive speculation in connection with the Company's affairs. A listed issuer should be guided by the principles set forth in Clause 1204(1)(a) to (c) in responding to the enquiries made by the Exchange concerning such unusual trading volume and price of the Company's shares.

4 You should therefore inform the Exchange immediately via MASNET as to whether your company and any of your directors are aware of any possible reason(s) which could have contributed to the sharp increase in the price and trading volume of your Company's shares.

5 We look forward to your immediate response to the above matter via MASNET and thank you for your co-operation.


Yours faithfully,

Andrew Li
Vice President
Head, Market Surveillance and Enforcement