ASF GROUP LIMITED — Board/Management Information 2010

Feb 22, 2010

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ASF GROUP LIMITED

ACN 008 924 570 Bennelong, 2/3B Macquarie Street Sydney NSW 2000 Telephone: (61 2) 9251 9088 Facsimile: (61 2) 9251 9066 www.asfgroupltd.com

23 February 2010

The Manager Company Announcements Australian Stock Exchange Ltd 20 Bridge Street Sydney 2000 Via: WWW.ASX.ONLINE.COM

Dear Madam/Sir

Mr Qinglin Zhang

The Directors of ASF Group Limited (the “Company”) advise with the deepest sorrow the passing of Mr. Qinglin Zhang, a non-executive director of the Company, on 19 February 2010.

The Directors have conveyed their deepest condolences to the family of Mr. Zhang and wish to record their sincere appreciation for his valuable contributions and advice to the Company.

Min Yang Chairman Ph: +612 92519088 Fax: +612 92519066 www.asfgroupltd.com