JD Logistics, Inc. — Board/Management Information 2005

Oct 12, 2005

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(Stock Code: 1172)

RESIGNATION OF A NON-EXECUTIVE DIRECTOR

The Board of directors (the “Board”) of Midas International Holdings Limited (the “Company”) announces that Mr. Lee Sai Wai resigned as a non-executive director of the Company with effect from 10th October, 2005.

The Board announces that Mr. Lee Sai Wai resigned as a non-executive director of the Company with effect from 10th October, 2005 due to his personal commitments. He confirmed that he has no disagreement with the Board and no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board takes this opportunity to express its gratitude to Mr. Lee Sai Wai for his valuable contribution to the Company during the term of his office.

As at the date of this announcement, Mr. Ko Sheung Chi, Mr. Kwong Tin Lap, Mr. Kwok Chi Fai, Ms. Li Mee Sum, Ann, Mr. Tang Chow Ming, Paul and Mr. Wong Chi Sing are executive directors, Mr. Dominic Lai is a non-executive director, Mr. Shek Lai Him, Abraham, Dr. Li Sau Hung, Eddy and Mr. Yau Chi Ming are independent non-executive directors of the Company.

By Order of the Board of Midas International Holdings Limited Kwong Tin Lap Managing Director

Hong Kong, 10th October, 2005

• For identification purpose only

“Please also refer to the published version of this announcement in The Standard.”