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Central Development Holdings Limited Board/Management Information 2000

Aug 18, 2000

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SEAPOWER RESOURCES INTERNATIONAL LIMITED

(Incorporated in the Cayman Islands with limited liability)

ANNOUNCEMENT

The Board of Directors of Seapower Resources International Limited (the "Company") would like to announce that Mr. Ronald Lau Kin Hon was appointed as Independent Non-Executive Director of the Company with effect from 15th August, 2000. Mr. Lau is a practising solicitor in Hong Kong and is at present a partner of a law firm.

By order of the Board

Louisa Tam Suet Lin

Company Secretary

Hong Kong, 17th August, 2000