Joy Spreader Group Inc. — Board/Management Information 2007

May 21, 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 EXECUTIVE DIRECTOR

The Board is pleased to announce that, with effect from 21 May 2007, Mr. Robert Geoffrey RYAN has been appointed as executive Director of the Company.

The board (the “Board”) of directors (the “Directors”) of AGTech Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that, with effect from 21 May 2007, Mr. Robert Geoffrey RYAN (“Mr. Ryan”) has been appointed as executive Director of the Company. As at the date of this announcement, Mr. Ryan is also a director of Asia Gaming Technologies Limited, an indirect 51%-owned subsidiary of the Company.

Mr. Ryan, aged 48, brings to the Company over 15 years of experience in senior roles within the international gaming and wagering industry. Mr. Ryan has accumulated a broad range of operational, business development and implementation expertise across industry sectors including sports betting operations, on-line lottery operations, pari-mutuel and fixed odds wagering, electronic gaming machine (EGM) and video lottery terminal (VLT) operations, casino operations and gaming systems implementation/integration. Through his tenure with Australia’s leading gaming companies, Tabcorp Holdings Limited (Australia’s largest gaming and wagering company), Jupiters Limited (casinos and hospitality) and AWA Limited (gaming systems), Mr. Ryan has developed and/or managed gaming operations within Asia and the Asia Pacific region including India, Malaysia, Philippines, Vietnam and Thailand. Most recently in his capacity as Regional Manager, Mr. Ryan was instrumental over a 3-year campaign to have Tabcorp systems, lottery game designs and operations approved in China at the central government level. Mr. Ryan shall provide advice and assistance to the Group with respect to gaming operations design and implementation, business development and gaming business review.

Mr. Ryan is appointed under a service contract for an initial term of two years, (subject to any renewal of his term of service upon the expiry of such initial term) unless such contract is terminated by either party giving the other party not less than 3 months’ notice in writing. He will be entitled to a remuneration package comprising a basic salary, a year-end bonus and housing allowance totalling approximately HK$2.2 million per annum (which package was mutually agreed with reference to his experience, duties and responsibilities and the market benchmark) plus a discretionary bonus which is determined based on the business performance of the Company and his own performance. Mr. Ryan may also be granted share options by the Company from time to time

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pursuant to the share option scheme of the Company. He 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.

Mr. Ryan did not hold any directorship in any listed companies in the past three years. He is not connected with any director, senior management, management or 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, Mr. Ryan is interested in a share option granted by the Company to him under the share option scheme of the Company adopted on 18 November 2004, which entitles him to subscribe for up to 26,750,000 shares of HK$0.002 each of the Company at an exercise price of HK$1.40 each (subject to adjustment).

Save as disclosed above, the Board is not aware of any matter in relation to the appointment of Mr. Ryan 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”) and any other matter that needs to be brought to the attention of the shareholders of the Company.

The Board would like to extend its warmest welcome to Mr. Ryan in joining the Board.

By Order of the Board AGTech Holdings Limited SUN Ho Chairman

Hong Kong, 21 May 2007

As at the date of this announcement, the Board comprises (i) Mr. SUN Ho, Mr. KOT Wai Ming 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.

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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