Joy Spreader Group Inc. — Board/Management Information 2004

Jun 28, 2004

The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) takes no responsibility for the contents of this announcement, makes 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 announcement.

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(Incorporated in Bermuda with limited liability)

(Stock Code: 8279)

ANNOUNCEMENT

RESIGNATION AND APPOINTMENT OF QUALIFIED ACCOUNTANT AND COMPANY SECRETARY

The board of directors (the “Board”) of MegaInfo Holdings Limited (the “Company”, which together with its subsidiaries are hereafter referred to as the “Group”) wishes to announce the resignation of Mr. Cheung Yiu Leung (“Mr. Cheung”) as the qualified accountant and company secretary of the Company with effect from 28 June 2004 and the appointment of Mr. Wong Chit Lung, Philip (“Mr. Wong”) as the qualified accountant and company secretary of the Company with effect from the same date.

The Board hereby announces that Mr. Cheung has tendered his resignation as the qualified accountant and company secretary of the Company with effect from 28 June 2004 for his own personal career development outside the Group. Mr. Cheung has confirmed that there is no matter that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company in connection with his resignation and departure from the Group.

The Board is also pleased to announce the appointment of Mr. Wong as the qualified accountant and company secretary of the Company with effect from 28 June 2004. He is an associate of the Hong Kong Society of Accountants since 2002 and a member of the American Institute of Certified Public Accountants and the Washington State Board of Accountancy since 2001 and 2000 respectively.

The Board would like to take this opportunity to thank Mr. Cheung for his contribution during his term of service to the Group. The Board would also like to welcome Mr. Wong to the Company.

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As at the date of this announcement, the executive directors of the Company are Mr. Jose Manuel dos Santos, Mr. Mok Chi Va and Mr. Kuok Cheong Ian, the non-executive directors of the Company are Mr. Yim Hong and Mr. Kuan Kin Man, and the independent non-executive directors of the Company are Mr. Tsui Wai Kwan and Mr. Tam Pak Yip.

For and on behalf of MegaInfo Holdings Limited Mr. Jose´ Manuel dos Santos Chairman

Hong Kong 28 June 2004

This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in the announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the “Latest Company Announcements” page of the GEM Website at www.hkgem.com for at least 7 days from the date of its publication and at http://www.megainfo.com.cn.

• for identification purposes only

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