UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS E ITE HOLDINGS<8092> - Announcement ITE HOLDINGS<8092> - Announcement ITE HOLDINGS<8092> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement, for which the directors of ITE (Holdings) Limited (the ˇ§Companyˇ¨) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief (i) the information contained in this announcement is accurate and complete in all material respects and not misleading; (ii) there are no other matters the omission of which would make any statement in this announcement misleading; and (iii) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. ITE (HOLDINGS) LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8092) ANNOUNCEMENT The board (the ˇ§Boardˇ¨) of directors (the ˇ§Directorsˇ¨) of ITE (Holdings) Limited (the ˇ§Companyˇ¨) has noted the recent increases in the price and increases in trading volume of the shares of the Company and wish to state that the Directors are not aware of any reasons for such increases. The Board also confirms that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Chapters 19 and 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the ˇ§GEM Listing Rulesˇ¨), neither is the Board aware of any matter discloseable under the general obligation imposed by Rule 17.10 of the GEM Listing Rules, which is or may be of a price-sensitive nature. Made by the order of the Board, the Directors of which collectively and individually accept responsibility for the accuracy of this announcement. By order of the Board ITE (Holdings) Limited Yeung Yuen Chun Mona Company Secretary Hong Kong, 5 July 2007 The Board as of the date of this announcement comprises Mr. Lau Hon Kwong, Vincent, Mr. George Roger Manho, Mr. Cheng Kwok Hung and Mr. Liu Hoi Wah as executive directors; Dr. Lee Peng Fei, Allen, Mr. Tang Siu, Henry and Mr. Kam Hau Choi, Anthony as independent non-executive directors. This announcement will remain on the ˇ§Latest Company Announcementsˇ¨ page of the GEM website at www.hkgem.com for at least 7 days from its date of publication and on the website of the Company at www.hkite.com. - 1 - |