Sprocomm Intel (01401.HK) announced that it has noticed changes in its stock price and volume in recent days.
Sprocomm Intel stated that it has immediately taken steps to make all necessary and reasonable inquiries to find the reasons for the recent fluctuations in stock price and volume. According to the information currently available to the board of directors, other than the announcement regarding the high concentration of the company's equity issued on the 19th of this month in response to the Securities and Futures Commission's announcement on the same day, the board of directors has not found any other reasons causing significant fluctuations in stock price and volume.
Sprocomm Intel also pointed out that the group's business operations are proceeding as usual, and there have been no significant adverse changes in the group's business operations and financial condition. There have been no changes or pledges in the shareholding of the company's controlling shareholder.
In addition, the board of directors has also decided to establish a special committee to conduct all necessary and reasonable investigations into the alleged investigation results listed in the Securities and Futures Commission's announcement, especially regarding the authenticity of the stock market and the company's compliance with the rules on public shareholding under the Stock Exchange Listing Rules.