Statement by HKFE Executive Director Royce Yuen on 10 August 1999 HKFE Board Meeting

The Board met today to thoroughly review the results of Saturday's simulated trading test of the HKATS system. The Board was encouraged by the test findings. It was also encouraged by the Members' test evaluations, which showed a high level of support for the migration of HSI Futures to HKATS. The Board has decided it would be prudent to conduct an additional series of in-house tests to further confirm the results of the August 7th test. The Board will meet again in a few days to address the date for the migration of HSI Futures. For further enquiries, please contact HKFE Corporate Communications: Mr. Mark Tung on 2842 9448 or Miss Chiu Yeung on 2842 9322.