On October 23, TSO (03997.HK) announced that the board of directors of the company noted that the price and volume of the company's shares have recently experienced unusual fluctuations.

After conducting all reasonable inquiries into the relevant circumstances, the board of directors confirmed that they are not aware of any reasons for the recent fluctuations in share prices or any material that needs to be disclosed to avoid false market in the company's securities, or any insider information required to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).