XUANZHUBIO-B(02575): Abnormal share price movement; preliminary discussions are ongoing with a certain party regarding a potential acquisition.

XUANZHUBIO-B (02575) has announced that the board of directors of the company has noted that the price of the company's H shares has risen today. Having made all reasonable enquiries regarding the company, the board confirms that it is not aware of any reason for the movement, or of any information that must be announced to avoid a false market in the H shares, or of any inside information that must be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The board wishes to inform that the company is currently in preliminary discussions with a certain party regarding a potential acquisition. As at the date of this announcement, the negotiations are still ongoing. The terms and conditions of the potential acquisition have not been finalized, and the group has not entered into any formal agreement in respect of the potential acquisition as at the date of this announcement. There is no assurance that the potential acquisition will be implemented or ultimately completed. Accordingly, the potential acquisition may or may not proceed. The company will comply with the relevant requirements under Chapter 14 and Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in due course.