Central Development Holdings Limited — Board/Management Information 2001

Apr 11, 2001

Seapower Resources International Limited

(Incorporated in the Cayman Islands with limited liability)

The Board of Directors of Seapower Resources International Limited (the “Company”) announces that Ms. Sarah Chan Siu has resigned as Independent Non-Executive Director of the Company with effect from 1st April, 2001. The Board of Directors would like to thank Ms. Chan for her valuable contribution during her term of office.

By Order of the Board

Shirley Choi

Chairman

Date: 2nd April, 2001

Please also refer to the published version of this announcement in the i Mail dated 11/4/2001.