JQW PLC Statement regarding Share Price (4008Z)

TIDMJQW

RNS Number : 4008Z

JQW PLC

10 December 2014

 
 Press Release   10 December 2014

JQW plc

("JQW" or the "Group")

Statement regarding Share Price

The Directors of JQW plc, a domestic Chinese B2B e-commerce operator, note the recent fall in the Company's share price and are not aware of any reason for this decline from a corporate perspective.

The Directors are pleased with the performance of the Group in the current financial year and confirm that JQW continues to trade in line with current market expectations.

The Board notes that the restrictions under the Lock-In and Orderly Market Agreements as set out in the Admission Document dated 9 December 2013 have now changed with effect from yesterday. Pursuant to the terms of these agreements, the Company's Nominated Adviser has today received a request from one of the orderly market parties for consent to sell approximately 2 million shares in the Company.

In the meantime, the Company will continue to monitor its share register and will notify the market if it becomes aware of any further breaches of the Lock-In and Orderly Market Agreements.

- Ends -

For further information:

 
 JQW plc 
 Cai Yongde, Chairman                     Tel: +44 (0) 20 7398 
                                                          7714 
 Chen Daocai, Chief Executive Officer           www.jqw-ir.com 
 Kooi Wei Boon, Chief Financial Officer 
 
 
 Cairn Financial Advisers LLP (Nomad 
  & Broker) 
 Sandy Jamieson / Liam Murray          Tel: +44 (0) 20 7148 
                                                       7900 
                                           www.cairnfin.com

Media enquiries:

 
 Abchurch Communications Limited 
 Henry Harrison-Topham / Quincy Allan     Tel: +44 (0) 20 7398 
                                                          7714 
 jqw@abchurch-group.com                 www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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