Central Development Holdings Limited — Share Issue/Capital Change 2003

Nov 13, 2003

Listed Company Information

SEAPOWER RES I<00269> - Share Consolidation & Subdivision Market participants are requested to note that the ordinary shares of HKD0.05 each ("Old Shares") in the existing capital of Seapower Resources International Limited (Provisional Liquidators Appointed) ("SEAPOWER RES I") will be reduced from HK$0.05 to HK$0.0006 each. After the reduction, every 100 shares of HK$0.0006 each will be consolidated into 1 share of HK$0.06. Each reduced and consolidated share of HK$0.06 each will be subdivided into 6 shares of HK$0.01 each ("New Shares") subject to the completion of the capital restructuring. Upon the proposal becoming effective, 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 present counter (stock code: 269) for trading in board lots of 5,000 Old Shares each effective from Monday, 17/11/2003.