Joy Spreader Group Inc. — Board/Management Information 2007

Dec 3, 2007

The Stock Exchange of Hong Kong Limited 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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AGTech Holdings Limited 亞博科技控股有限公司[*]

(incorporated in Bermuda with limited liability)

(Stock Code: 8279)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that, with effect from 3 December 2007, Ms. Yang Yang has been appointed as non-executive Director of the Company.

The board (the “Board”) of directors (the “Directors”) of AGTech Holdings Limited (the “Company”) is pleased to announce that, with effect from 3 December 2007, Ms. Yang Yang (“Ms. Yang”) has been appointed as non-executive Director of the Company.

Ms. Yang Yang (楊揚 ), aged 31, was an Olympic short track speed skater and a member of the Chinese national short track team. As one of the world’s most powerful short-track speed skaters, Ms. Yang has won a total of 59 world titles and broken world record six times in her career in World Championships and World Cup events. Most notably, her winning of two gold medals in the women’s 500 metres and 1,000 metres short tracks at the 2002 Winter Olympics made her the first athlete from the People’s Republic of China (the “PRC”) to win a gold medal at the Winter Olympics and the first woman athlete from the PRC to win two short-track individual events at one Olympics. She has dominated short track speed skating for many years and was called the “Queen of Short Track Speed Skating” in the PRC.

Ms. Yang is enthusiastic to participate in volunteer work to contribute to the Olympics and the society. She was elected as a delegate of the 16th National Congress of the Communist Party of China in 2002 and she is currently a consultant of the Volunteer Department of Beijing Olympic Organisation Committee and an anchor woman of “Olympics in China” in CCTV-4. In addition, she has served on the Chinese Olympic Committee, the Athletes Committee of the International Skating Union (ISU), the Women and Sport Committee of the International Olympic Committee, and the Athletes Committee of the World Anti Doping Agency. In recognition of her important contributions to the society, Ms. Yang was also voted as (i) one of the ten outstanding young persons in the PRC (中國十大傑出青年 ) by All-China Youth Federation, China Youth Development Foundation and ten news agencies in 2002, (ii) one of the ten excellent women of China (中國十大女傑 ) by AllChina Women’s Federation and eleven news agencies in 2002, (iii) the best female athlete and the most popular female athlete by Chinese Olympic Committee, All-China Sports Federation and CCTV in 2002, and won numerous sports awards from the Chinese National Sports Committee (中 華人民共和國國家體育運動委員會). Ms. Yang holds a bachelor degree in business administration from Tsinghua University.

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Ms. Yang is appointed under a service agreement for a term of two years, unless such agreement is terminated by either party giving the other party not less than 1 month’s notice in writing. She will be entitled to a director’s fee of HK$200,000 per annum (which was mutually agreed with reference to her duties and the prevailing market fee range for non-executive directors of listed issuers in Hong Kong). Ms. Yang may also be granted share options by the Company from time to time pursuant to the share option scheme of the Company. She will hold office until the next following general meeting of the Company and shall then be eligible for re-election at that meeting pursuant to the Bye-laws of the Company.

Ms. Yang did not hold any directorship in any listed companies in the past three years. She is not connected with any Director, senior management and management, substantial or controlling shareholders of the Company.

In accordance with the meaning of Part XV of the Securities and Futures Ordinance, as at the date of this announcement, Ms. Yang holds 400,000 shares of HK$0.002 each of the Company.

Save as disclosed above, the Board is not aware of any matter in relation to the appointment of Ms. Yang that is required to be disclosed pursuant to Rule 17.50(2)(h) to (v) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “GEM Listing Rules”) or needs to be brought to the attention of the shareholders of the Company.

The Board would like to extend its warmest welcome to Ms. Yang in joining the Board.

By order of the Board AGTech Holdings Limited Sun Ho Chairman

Hong Kong, 3 December 2007

As at the date of this announcement, the Board comprises (i) Mr. Sun Ho, Mr. Robert Geoffrey Ryan and Mr. Bai Jinmin as executive Directors; (ii) Ms. Yang Yang as non-executive Director; and (iii) Mr. Wang Ronghua, Mr. Hua Fengmao and Mr. Kwok Wing Leung Andy as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, 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 this 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 at www.hkgem.com on the “Latest Company Announcements” page of the GEM website for at least 7 days from the date of its posting.

• For identification purpose only

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