Joy Spreader Group Inc. — Board/Management Information 2007

Jul 9, 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.

AGTech Holdings Limited

亞博科技控股有限公司*

(incorporated in Bermuda with limited liability)

(Stock Code: 8279)

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the “Board”) of directors (the “Directors”) of AGTech Holdings Limited (the “Company”) announces that with effect from 9 July 2007, Mr. KOT Wai Ming (“Mr. Kot”) resigned as executive Director and member of the remuneration committee of the Company and the director of the subsidiaries of the Company due to his other business commitments.

Mr. Kot resigned at his own accord and he confirmed that there was no disagreement with the Board and there were no matters which need to be brought to the attention of the shareholders of the Company in relation to his resignation.

The Board would like to take this opportunity to express sincere gratitude to Mr. Kot for his valuable contribution to the Company during the term of service.

As at the date of this announcement, the Board comprises (i) Mr. SUN Ho and Mr. Robert Geoffrey RYAN as executive Directors; and (ii) Mr. WANG Ronghua, Mr. HUA Fengmao and Mr. KWOK Wing Leung Andy as independent non-executive Directors.

By Order of the Board

AGTech Holdings Limited

SUN Ho

Chairman

The Hong Kong Special Administrative Region of

the People's Republic of China, 9 July 2007

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 on the “Latest Company Announcement” page of the internet website operated by the Stock Exchange for the purposes of the Growth Enterprise Market at www.hkgem.com for at least seven days from the day of its posting.

* For identification purpose only