Global Corn Group Limited — Board/Management Information 2010

Oct 28, 2010

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.

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 direCtor

The board (“ board ”) of directors (“ director(s) ”) of Global Sweeteners Holdings Limited (“ Company ”, together with its subsidiaries, the “ Group ”) announces that Mr. Xu Zhouwen (“ mr. Xu ”) was appointed as executive Director with effect from 28 October 2010.

Mr. Xu, aged 67, graduated from the Harbin Electric University in 1970, is an executive director and the co-chairman of Global Bio-chem Technology Group Company Limited (“ Gbt ”, together with its subsidiaries but excluding the Group, the “ Gbt Group ”), the holding company of the Company whose shares are also listed on The Stock Exchange of Hong Kong Limited. Mr. Xu’s role in the GBT Group is primarily on formulating and implementing product diversification strategies, managing product development and technology research, as well as supervising the overall production and operations of the GBT Group.

As a pioneer in the corn refinery and corn-based bio-chemical industry, Mr. Xu has expertise in corn sweeteners industry. Subsequent to his appointment as an executive Director, Mr. Xu will advise on the Group’s operation management and product development.

As at the date of this announcement, Mr. Xu was interested in (i) 295,456,000 shares of GBT through his interest in Crown Asia Profits Limited; and (ii) 24,155,600 shares of GBT as beneficial owner pursuant to Part XV of the Securities and Futures Ordinance. Mr. Xu is currently the director of Crown Asia Profits Limited. Save as disclosed above, Mr. Xu did not have any interest in the shares or underlying shares in the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above and his being the brother-in-law of Mr. Zhang Fazheng, an executive Director, Mr. Xu did not hold any directorship in other listed public companies or any other major appointments or professional qualifications in the last three years and he was not related to any other directors, senior management, or substantial or controlling shareholders of the Company as at the date of this announcement.

• for identification purposes only

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Mr. Xu has entered into an appointment letter with the Company in relation to his appointment as an executive Director for a term of three years commencing from 28 October 2010 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. Mr. Xu will not receive any emolument for holding his office as an executive Director.

Save as disclosed above, the Board is not aware of any other matters in relation to the appointment of Mr. Xu as an executive Director that need to be brought to the attention of the holders of securities of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements under the rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its warmest welcome to Mr. Xu in joining the Board.

By order of the Board Global Sweeteners Holdings limited Kong Zhanpeng Chairman

Hong Kong, 28 October 2010

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors: Mr. Kong Zhanpeng Mr. Zhang Fazheng Mr. Xu Zhouwen Mr. Lee Chi Yung

Independent non-executive Directors: Mr. Chan Yuk Tong Mr. Gao Yunchun Mr. Ho Lic Ki

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