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Temporary Disruption Of Trading Terminals At The Stock Exchange Of Hong Kong

Date 09/02/2000

Interruption in power supply caused a temporary disruption of operations at the Stock Exchange of Hong Kong's trading terminals at 3:10pm February 8. There were also technical delays in the use of the reserve power supply system. The trading terminals resumed operation in succession after about twenty minutes. The Exchange also noted that the terminal activities did not terminate at 16:00:00 hours due to certain system delay. Pursuant to Rule 544 of the Rules of the Exchange, all transactions concluded at or after 16:00:01 hours on February 8 will NOT be recognised by the Exchange and be automatically cancelled by the system. Members are advised to inform their clients accordingly. The Exchange will present an investigative report to the Securities and Futures Commission as soon as possible.