JD Logistics, Inc. — Board/Management Information 2007

Oct 30, 2007

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(Stock Code: 1172)

APPOINTMENT OF AN EXECUTIVE DIRECTOR

The board of the directors (the “Board”) of Midas International Holdings Limited (the “Company”) announces that Mr. Albert Chuang Ka Pun has been appointed as an Executive Director of the Company with effect from 30th October, 2007.

The Board of the Company is pleased to announce that Mr. Albert Chuang Ka Pun (“Mr. Chuang”) has been appointed as an Executive Director of the Company with effect from 30th October, 2007.

Mr. Chuang, aged 27, has 3 years’ experience in property business and general management. He holds a bachelor degree of arts with major in economics. He is an executive director of Chuang’s Consortium International Limited (“CCIL”), the controlling shareholder of the Company, the son of Mr. Alan Chuang Shaw Swee and the nephew of Mrs. Alice Siu Chuang Siu Suen, both are the executive directors of CCIL.

There is no service contract executed by the Company with Mr. Chuang nor any specified length or proposed length of service with the Company in respect of the aforesaid appointment. Pursuant to the Articles of Association of the Company, Mr. Chuang will hold office until the first general meeting of the Company after his appointment and will be eligible for re-election at such meeting. Mr. Chuang will be subject to retirement and re-election at least once every 3 years in accordance with the Code on Corporate Governance Practices (Appendix 14) of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited and the Articles of Association of the Company. The director’s fee entitled by Mr. Chuang will be HK$20,000 per annum, subject to adjustment as appropriate to be determined by the Board. As at the date of this announcement, Mr. Chuang does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Except mentioned above, Mr. Chuang has no relationship with any directors, senior management or substantial or controlling shareholders of the Company. There is no information required to be disclosed pursuant to any of the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules and no matter that needs to be brought to the attention of the shareholders of the Company.

The Board takes this opportunity to welcome Mr. Chuang.

• For identification purpose only

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As at the date of this announcement, Mr. Richard Hung Ting Ho, Mr. Kwong Tin Lap, Mr. Kwok Chi Fai, Miss Ann Li Mee Sum, Mr. Wong Chi Sing and Mr. Albert Chuang Ka Pun are Executive Directors, Mr. Dominic Lai is a Non-Executive Director, Mr. Abraham Shek Lai Him, Dr. Eddy Li Sau Hung 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, 30th October, 2007

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