May 13 - The Board of Directors of Luzhou Bio-chem Technology Limited (“the Company”, and together with its subsidiaries, “the Group”) refers to reports on the earthquake that hit Sichuan Province, the PRC, on Monday, 12 May 2008. The quake, with a magnitude of 7.8, struck 93 kilometres from Chengdu.
The Directors wish to inform shareholders and the investing public that the Group’s Sichuan plant did not suffer any damage due to the earthquake and none of the Group’s working staff had been injured.
As a precautionary measure, the Group has temporarily shut down its Sichuan plant. The Group is currently working closely with the relevant authorities to assess the situation and to re-open the plant as soon as possible.
The Directors will provide an update on the situation once available.