ITC CORPORATION<00372> - Unusual volume movement
The Stock Exchange has received a message from ITC Corporation Limited
which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We have noted the recent increase in trading volume of the ordinary shares
of the Company and wish to state that we are not aware of any reasons for
such increase save as disclosed in the announcement of the Company dated
31 January 2005 regarding transfer, conversion of convertible notes and
placing of conversion shares.
Save as disclosed in the announcements of the Company dated 10 November
2004, 15 December 2004, 21 January 2005 and 31 January 2005, we also
confirm that there are no negotiations or agreements relating to intended
acquisitions or realisations which are discloseable under rule 13.23 of
the Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited (the "Listing Rules"), neither is the board of directors
of the Company ("Board") aware of any matter discloseable under the
general obligation imposed by rule 13.09 of the Listing Rules, which is or
may be of a price-sensitive nature.
Made by the order of the Board of ITC Corporation Limited the directors of
which individually and jointly accept responsibility for the accuracy of
this statement.
As at the date of this statement, the Board comprises nine directors of
the Company, of which (i) six are executive directors, namely Dr. Chan
Kwok Keung, Charles, Mr. Lau Ko Yuen, Tom, Ms. Chau Mei Wah, Rosanna, Mr.
Chan Kwok Hung, Mr. Chan Fut Yan and Mr. Cheung Hon Kit; and (ii) three
are independent non-executive directors, namely Mr. Chuck Winston Calptor,
Mr. Lee Kit Wah and Mr. Wong Kam Cheong, Stanley.
For and on behalf of
ITC CORPORATION LIMITED
Chau Mei Wah, Rosanna
Managing Director
1 February 2005"
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