IB SETTLEMENT (00147) has issued a statement addressing the notable uptick in both its share price and trading volume observed earlier today. Following a series of comprehensive inquiries conducted under reasonable circumstances, the board has confirmed that, apart from the details outlined below, it is unaware of any specific reasons driving these fluctuations.

The company also clarified that it has no knowledge of any undisclosed information that would be mandatory to announce to prevent the emergence of a false market, nor does it possess any insider information subject to disclosure under Part XIVA of the Securities and Futures Ordinance.

In the same announcement, the board revealed that it is currently engaged in preliminary discussions with an independent third party regarding a potential investment opportunity within the technology sector. As of the date of this announcement, these discussions remain active and ongoing.

However, the terms and conditions of this prospective investment have not yet been finalized, and no formal agreement has been executed by the group as of today. Consequently, there is no guarantee that this potential investment will materialize or ultimately be completed, and it may or may not proceed.

Should the investment come to fruition, it could potentially constitute a disclosable transaction for the company under Chapter 14 of the Listing Rules. The company has committed to issuing further announcements at the appropriate time, in full compliance with applicable regulations.