Solomon Systech (HKG:2878) said that it noted the recent increase in the price and trading volume of its shares and it was not aware of any reasons for such movements.

The company also clarifies that it did not provide any financial forecast or material guidance during the media luncheon on February 8 and that its replies to the business outlook should be viewed as a qualitative input about its goal of running a profitable business.

The company also confirmed that there were no negotiations or agreements relating to intended acquisitions or realisations which were discloseable.

The stock is now trading at HK$0.285, up 37.7%.