1.Date of occurrence of the event:2019/12/10
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Name of the reporting media:Liberty Times
6.Content of the report:
Such report on our acquisition of the shares of WT bore the headline of
”Suspected Manipulation with Intention to Affect Stock Price?” It compared
the significant fluctuation of WT’s stock price after our extension of
tender offer period to the previous tender offer against XPEC in which the
offeror failed to pay the tender offer consideration, and argued that the
board of WPG had the intention to manipulate the stock market.
7.Cause of occurrence:media report
8.Countermeasures:
In response to the aforesaid media report, WPG would like to clarify as
follows:
1.The extension of the tender offer period is not for purpose of affecting
the market. Reasons for such extension have been previously explained and
announced. WPG is a law-abiding corporation. The above report is untrue
and shall be rectified.
2.The Tender Offer is conducted in accordance with applicable laws. Upon
the fulfillment of the tender offer conditions, WPG will consummate the
deal. Comparing the Tender Offer to the XPEC case as done by the report
mentioned above is inappropriate and shall be refuted.
3.For information related to the Tender Offer, please refer to those
announced in the MOPS and detailed in the Tender Offer Prospectus.
9.Any other matters that need to be specified:None