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I refer to our undertaking to announce to the Exchange on the Year 2000 Compliance and wish to inform you on the status of the Company's Y2K activities.
The Company has taken active measures to mitigate the impact of the Y2K problem on the business operations by way of setting up a Y2K Steering Committee to oversee and coordinate activities relating to the Y2K problem.
The overall completion of the Company's Y2K project plan is approximately 70% and the Company has targetted to be Y2K compliant by July 1999.
The Company undertakes to make further announcements of any material developments in relation to the Y2K compliance.
Thank you.