Silver Base Group Holdings Limited (“Silver Base” or the “Group”, stock code: 886) learns that, Mr. Liang Guoxing, the Chairman of the Group has made clarification about the untrue and misleading report on him in Apple Daily and Sharp Daily on 13th April 2012, and Apple Daily and other press have also reported the clarification on the next day. Pursuant to his clarification, Mr. Liang affirmed that he neither entered into any Valuation Adjustment Mechanism with any investment banks, nor subscribed any shares in Chow Tai Fook, as stated in the media report. Mr. Liang felt sorry for the untrue report and reserved the right to take legal action.