From Paper to Paperless

1
From Paper to Paperless Update on the Electronic
Disclosure Project (EDP)
Media Workshop 8 June 2007
2
Agenda

• Background of EDP
• Preparing stakeholders
• EDP operations
• Changes to HKEx websites
• Suspension arrangements under EDP
• Questions and Answers

3
Background

• Electronic Disclosure proposals in summary
• Abolish mandatory requirement for paid ad in
  newspapers
• Mandate electronic submission
• Provide straight-through processing
• Require issuers to establish their own website by
  25 June 2008
• New Measures effective from 25 June 2007
• Transitional arrangements
• Until 24 December 2007 issuers to publish a
  notification in newspapers
• Until 24 June 2008 issuers without their own
  website must continue to publish announcements in
  newspapers
• Communication, education and familiarisation

4
System enhancements
HKEx has enhanced related systems to cope with
EDP implementation

• ISC email/mobile alert service - enhanced to
  support more frequent dissemination and expanded
  stock coverage
• AMS/3 - enhanced to provide traders with issuer
  news alert whenever an announcement is posted on
  HKEx website
• HKEx website - enhanced to support display and
  searching of free-text title and selected
  headline categories
• Issuer Information feed System - enhanced to
  carry free-text title and headline categories and
  support more effective dissemination of issuer
  information
• ESS and EPS