Kiu Hung Int'l (00381.HK) issued a price and volume unusual fluctuation and clarification news report on the Hong Kong Stock Exchange, stating that the board of directors of the company is concerned about reports claiming that the company is a manipulated small market cap symbol, with suspicions of price manipulation through repetitive stock trading by two brokers. After conducting all reasonable inquiries, the board firmly denies the speculation contained in the media reports. The company will take further actions. It reserves the right to take legal action against entities and/or individuals responsible for disseminating misleading and malicious statements, intentionally profiting from short selling, causing damage to the company's market cap or other compensations. At the same time, the company will report to the police station and pursue criminal liability for suspected malicious short-selling activities. The board confirms that it is not aware of any reasons leading to fluctuations in price or volume, or any material that must be disclosed to avoid false market of the company's securities, or any insider information required to be disclosed under Part XIVA of the Securities and Futures Ordinance.