The Stock Exchange of Hong Kong Limited (the Stock Exchange) issued the following statement in response to media enquiries on the Inspector's Report on Oxford Properties & Finance Limited (the Company) issued today (21 December) by the HKSAR Government.

The Stock Exchange will, based on the findings in the Inspectors Report, consider whether there is a breach of the Listing Rules and if there is a breach, commence disciplinary proceedings pursuant to the Listing Rules.

As for the concern on insufficient public float, the Stock Exchange will contact the Company and request that minimum public float be restored within a period of one month. If minimum public float is not restored at the end of this period, the Stock Exchange will take the matter to the Listing Committee for appropriate actions, including but not limited to a suspension of trading.

The Stock Exchange does not consider immediate suspension of the Company is appropriate and in the interest of the Company's public shareholders. The Stock Exchange considers that it should give the Company a reasonable period to address the issue of inadequate public float and a reasonable period for the Company's public shareholders to decide whether to hold or sell the shares.