JQW.L Regulatory News (JQW)

JQW plc

("JQW" or the "Group")

Statement regarding Share Price

The Directors of JQW, a domestic Chinese B2B e-commerce operator, have become aware of a recent breach of one of the orderly market agreements that were entered into by various parties ("Orderly Market Parties") at the time of Admission on 9 December last year ("Orderly Market Agreements"). One of the Orderly Market Parties recently sold part of its holding without obtaining the prior written consent of JQW's Financial Adviser and Nominated Adviser as required by the Orderly Market Agreement. It has agreed to buy back the shares that it has sold.

JQW, its Nominated Adviser and Financial Adviser have also written to one of the other Orderly Market Parties for clarification of its holding in the Company in order to establish if a further breach of the Orderly Market Agreements has taken place.

Separately, as part of a recent review of the Company's share register, the Directors have noted that UOB Kay Hian Private Limited ("UOB") now no longer holds an interest in more than 3% of the ordinary shares of the Company*.

*It is noted that custodians which do not control the voting rights of the shares they hold on behalf of nominees are exempt from the disclosure rules.

Further announcements will be made in due course.

- Ends -

For further information:

Media enquiries:

About JQW plc

JQW is a leading domestic business-to-business e-commerce provider based in the Chinese province of Jiangsu. The Group's core business is its online B2B platform, www.jqw.com, which has been developed to encourage domestic trade by connecting Chinese SMEs with potential trade partners. Founded in 2004, the platform was developed to help to market Chinese SME's websites. JQW has evolved rapidly to become the second highest ranked B2B e-commerce website and operates, what the director's believe to be, the first dedicated B2B search engine, www.jqw.cn.

JQW offers a low-cost entry point for Chinese SMEs to promote themselves and their B2B products to potential buyers. In order to increase transaction opportunities, JQW offers its clients a broad range of services including website design, commercial search services and advertising.

There are approximately 49 million SMEs in China manufacturing a diverse range of products, accounting for 60% of the country's GDP. The number of mobile internet-access users in China stood at 839 million at February 2014 and there is a considerable amount being invested into the country's telecommunications infrastructure. These factors have driven an increased demand for domestic trade of B2B, B2C and C2C e-commerce. With the majority of these SMEs requiring the use of third party B2B e-commerce platforms to promote their businesses and access trade partners, the Board believes that JQW offers a robust and highly reputable branded platform. With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market.

The Group currently has: