Global Corn Group Limited — Board/Management Information 2009

Feb 6, 2009

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

GLOBAL SWEETENERS HOLDINGS LIMITED 大成糖業控股有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03889)

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

The board (“ Board ”) of directors (“ Directors ”) of Global Sweeteners Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Zhang Fazheng has been appointed as the chief executive officer of the Group with effect from 6 February 2009. Mr. Zhang, currently an executive Director, is responsible for overseeing the Group’s operation management and product development. He has over 20 years of experience in the management of production plant.

Mr. Zhang entered into a service contract with the Company on 1 June 2008 pursuant to which the Company may from time to time assign any title and any other duties to him in addition to his office as executive Director (including but not limited to this appointment as the Group’s chief executive officer). Such service contract is for a term of three years commenced from 1 June 2008, which shall be renewed and extended automatically by one year on the expiry of such initial term or at any time thereafter, unless terminated by at least three months’ written notice served by either party at any time during the then existing term. Under the service contract, Mr. Zhang is entitled to a basic salary subject to an annual increment after 1 January 2009 at the discretion of the Directors of not more than 15% of the annual salary immediately prior to such increase. The current annual salary of Mr. Zhang is HK$360,000. He is also entitled to a discretionary management bonus provided that the aggregate amount of the bonuses payable to all the executive Directors for any financial year of the Company may not exceed 5% of the audited combined or consolidated audited net profit of the Group (after taxation and minority interests and payment of such bonuses but before extraordinary items) in respect of that financial year of the Company. There has not been any change to the terms of his service contract in connection with his appointment as the chief executive officer of the Group.

The Company takes this opportunity to welcome Mr. Zhang on his new position in the Group.

By order of the Board Global Sweeteners Holdings Limited Lee Chi Yung Company Secretary

Hong Kong, 6 February 2009

As at the date of this announcement, the Board comprises four executive Directors, namely, Mr. KONG Zhanpeng, Mr. ZHANG Fusheng, Mr. ZHANG Fazheng and Ms. WANG Guifeng; and four independent non-executive Directors, namely, Mr. CHAN Yuk Tong, Mr. HO Lic Ki, Mr. GAO Yunchun and Mr. YAN Man Sing Frankie.

• For identification purposes only