(Incorporated in Hong Kong with limited liability)
(Stock code: 727)

UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

This statement is made at the request of

We have noted the increase in price and trading volume of the shares of the Company
today and wish to state that we are not aware of any reasons for such increases.

We also confirm that there are no negotiations or agreements relating to intended
acquisitions or realizations which are discloseable under rule 13.23 of the Listing Rules,
or any matter discloseable under the general obligation imposed by rule 13.09 of the
Listing Rules, which is or may be of a price-sensitive nature.

Made by the order of the Board of Directors of VXL Capital Limited, the directors of
which individually and jointly accept responsibility for the accuracy of this statement.

By Order of the Board
VXL Capital Limited
Percy ARCHAMBAUD-CHAO
Director and Chief Executive Officer

Hong Kong, 21 December 2007

As at the date of this announcement, the Board of Directors of the Company comprises:

Executive Directors: Independent non-executive Directors:
Datuk Lim Chee Wah Mr. Alan Howard Smith, J.P.
Mr. Percy Archambaud-Chao Dr. Allen Lee Peng Fei, J.P.
Ms. Patsy So Ying Chi Mr. David Yu Hon To