CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — Board/Management Information 2012

Feb 9, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement (the “ Announcement ”) of Far East Global Group Limited (the “ Company ”) dated 31 January 2012 in respect of the removal of Mr. Chiu Lok Man (“ Mr. Chiu ”) from the directorship of the Company. The Company would like make the following clarifications:

• 1. The Company terminated his employment because he had failed to accept reasonable instructions from the Company. Following such termination, as Mr. Chiu is no longer in employment with the Company or its subsidiaries and cannot perform the duty of an executive director in line with the interest of the Company, the Board resolved to remove Mr. Chiu as an executive director of the Company;
• 1. Mr. Chiu is in dispute with the Company over the termination of his employment, mainly in relation to the manner and exact date of termination, and the compensation arrangement with respect to his employment contract. The Company has made attempts and will endeavor to resolve these disputes. It considers that there are no material issues that should be brought to the attention of the holders of securities of the Company. Save for the said disputes, the Board is not aware of any other major disagreement with Mr. Chiu in respect of the Company.

By Order of the Board Far East Global Group Limited Huang Brad Chairman

Hong Kong, 9 February 2012

At the date of this announcement, the executive directors of the Company are Mr. HUANG Brad (Chairman) and Mr. KO Chuk Kin, Herbert (Chief Executive Officer); the non-executive director of the Company is Mr. HUNG Cheung Shew and the independent non-executive directors of the Company are Mr. ZHOU Jinsong, Mr. YEN Homer Shih Hung and Mr. HONG Winn.