apac resources taking run

APAC RESOURCES LIMITED
*
(incorporated in Bermuda with limited liability)
Stock code: 1104
ANNOUNCEMENT
This announcement is made at the request of The Stock Exchange of Hong
Kong Limited (the “Stock Exchange”).
The directors (the “Directors”) of APAC Resources Limited (the
“Company”) have noted today’s increase in the trading volume of the
shares of the Company (the “Shares”) and the Directors wish to state that
the Directors are not aware of any reasons for such increase save as Profit
Harbour Investments Limited (“Profit Harbour”), the controlling
shareholder of the Company which is solely owned by the Chairman of the
Company, Mr. Yue Jialin, has disposed of 600,000,000 Shares at a price
of HK$0.80 per share in the market on 24 April 2007 (the “Disposal”),
representing approximately 18.08% of the existing issued share capital of
the Company as at the date of this announcement. Before the Disposal,
Profit Harbour held 1,193,399,602 Shares, representing approximately
35.96% of the existing issued share capital of the Company. After the
Disposal, Profit Harbour holds 593,399,602 Shares, representing
approximately 17.88% of the existing issued share capital of the
Company.
The Directors also confirm that save as the above-mentioned, there are no
negotiations or agreements relating to intended acquisitions or
realizations which are discloseable under Rule 13.23 of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited (the “Listing Rules”), neither are the Directors aware of any
matter discloseable under the general obligation imposed by Rule 13.09 of
the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of the board of the Company, the Directors of which
individually and jointly accept responsibility for the accuracy of this
announcement.
By order of the Board
APAC Resources Limited
Yue Jialin
Chairman