MAN WAH HOLDINGS LIMITED (ASX: 01999) has announced that it is currently evaluating a potential public offering and subsequent transfer for listing of its non-wholly owned subsidiary, Ruimai Technology, on the Beijing Stock Exchange in China. Ruimai Technology's shares are currently listed on the National Equities Exchange and Quotations system, with the stock code 874760.

This proposed listing is presently in its preliminary stages. Should the listing proceed, it may or may not constitute a disclosable transaction for MAN WAH HOLDINGS under Chapter 14 of the relevant listing rules, a determination that has not yet been made as of the announcement date.

The company has stated it will adhere to the requirements of Practice Note 15 and will issue further announcements at appropriate times in compliance with the listing rules to keep its shareholders and potential investors informed of the latest developments regarding this potential listing.

As of the date of this announcement, no application concerning the proposed listing has been submitted to either The Stock Exchange of Hong Kong Limited or the Beijing Stock Exchange.