XN000022-1985-09-16 — Page 8

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MONDAY, SEPTEMBER 16, 1985

+ IF GOOD PROGRESS IS MAINTAINED, WE EXPECT THAT BY THE END OF THIS DECADE, THERE WILL BE AT LEAST 4 800 PLACES IN SHELTERED WORKSHOPS FOR THE DISABLED WITH PRIORITY BEING GIVEN TO THE MENTALLY RETARDED, MRS CHAN SAID.

APART FROM CARE AND TRAINING FACILITIES, RESIDENTIAL, COUNSELLING, RECREATIONAL AND SOCIAL SERVICES WERE ALSO A NECESSARY PART OF SUCCESSFUL REHABILITATION THOUGH NOT ALL WOULD REQUIRE SUCH SERVICES, MRS CHAN SAID.

+I DO NOT THINK WE CAN CLAIM THAT EXISTING SERVICES FOR THE MENTALLY RETARDED ARE ADEQUATE, BUT I BELIEVE THAT WE HAVE MADE A REASONABLY GOOD START IN THE RIGHT DIRECTION,+ SHE SAID.

ON FUTURE DEVELOPMENT, SHE SAID THE ROLE OF WORK ACTIVITY CENTRES WOULD BE EVALUATED.

ACCORDING TO ESTIMATES, A TOTAL OF 5 000 WORK ACTIVITY CENTRE PLACES WOULD BE REQUIRED. AT A COST OF $18 000 PER PLACE PER YEAR, THE ANNUAL EXPENDITURE WOULD AMOUNT TO $90.36 MILLION,

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SHARE DISCLOSURES

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THE FOLLOWING IS ISSUED ON BEHALF OF THE COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING.

+THE CHAIRMAN OF THE COMMITTEE ON TAKEOVERS AND MERGERS UNDER RULE 29 OF THE HONG KONG CODE ON TAKEOVERS AND MERGERS ADVISES THAT, IN CONNECTION WITH THE CURRENT OFFER BY FOXTON INVESTMENT LTD TO ACQUIRE THE ISSUED SHARE CAPITAL OF THE CHINA PAINT MANUFACTURING CO (1946), LTD ('CHINA PAINT'), THE FOLLOWING DISCLOSURE RELATING TO THE PURCHASE OF SHARES IN CHINA PAINT HAD BEEN MADE TO HIM:

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B.L. WONG (HOLDINGS) CO LTD WHICH IS ACTING IN CONCERT WITH FOXTON INVESTMENT LTD, PURCHASED 216 SHARES OF CHINA PAINT AT HK$2 360 PER SHARE ON SEPTEMBER 11, 1985.

OXANFORD CO LTD WHICH IS ALSO ACTING IN CONCERT WITH FOXTON INVESTMENT LTD, PURCHASED 420 SHARES OF CHINA PAINT AT HK$2 271 PER SHARE ON SEPTEMBER 12, 1985.

HE WAS ALSO INFORMED BY THE LEGAL ADVISER TO FOXTON THAT THIS ANNOUNCEMENT WOULD SUPERCEDE THE ONE MADE ON SEPTEMBER 13, 1985.+

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