Joy Spreader Group Inc. — Board/Management Information 2008

Oct 27, 2008

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)

CHANGE OF AUDITORS

The Board is pleased to announce that an ordinary resolution to appoint HLB as the auditors of the Group in place of the resigned auditors, Deloitte, has been duly passed at the AGM held on 27 October 2008.

Reference is made to the circular issued by the Company dated 30 September 2008 (the “Circular”) in relation to, among other things, the proposed change of auditors of the Group. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that an ordinary resolution to appoint HLB as the auditors of the Group in place of the resigned auditors, Deloitte, to hold office until the conclusion of the next annual general meeting of the Company has been duly passed at the AGM held on 27 October 2008.

By order of the Board AGTech Holdings Limited Sun Ho Chairman

Hong Kong, 27 October 2008

As at the date of this announcement, the Board comprises (i) Mr. Sun Ho, Mr. Robert Geoffrey Ryan, Mr. Bai Jinmin and Mr. Liang Yu 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