NEW SPARKLEROLL (00970) currently has no plan to sell its shareholding in B&O.

NEW SPARKLEROLL (00970) announces that the Board of Directors of the Company has noted certain recent media reports and market rumors regarding the Company's shareholding in Bang & Olufsen A/S (B&O), a Danish audio products company. As at the date of this announcement, the Group holds approximately 11.54% of the issued shares of B&O. The Board wishes to clarify that, based on the current circumstances and the Board's current assessment of the Group's investment in B&O, the Group currently has no plan to sell its shareholding in B&O. The above only reflects the Group's current intention as at the date of this announcement and should not be construed as a commitment by the Group to maintain any particular level of shareholding in B&O over any specific period. The Board will continue to reassess the Group's investment in B&O from time to time in light of market conditions, the Group's investment objectives and strategies, and other relevant factors. Accordingly, nothing contained in this announcement constitutes a legally binding commitment, warranty or guarantee by the Group in respect of its future shareholding in B&O. The Group's current stance may change in light of future circumstances.