Central Development Holdings Limited — Share Issue/Capital Change 2003

Dec 15, 2003

Listed Company Information

SEAPOWER RES I<00269> - Share Consolidation & Share Subdivision & Change of Name Market participants are requested to note that the Chinese name of Seapower Resources International Limited has been changed. Accordingly, the Chinese stock short name of its ordinary shares (stock code: 2978) has been changed with effect from today (15/12/2003) while its English name remains unchanged. Market participants are also requested to note that the capital restructuring of Seapower Resources International Limited ("SEAPOWER RES I") has been completed. Every 100 existing ordinary shares ("Old Shares") of SEAPOWER RES I will be consolidated into 1 consolidated share and then subdivide each consolidated share into 6 shares ("New Shares"). Effective from today (15/12/2003), a temporary counter under stock code 2978 and stock short name "SEAPOWER RES I" will be established for trading in board lots of 300 New Shares each to replace the previous counter (stock code: 269) for trading in board lots of 5,000 Old Shares each.