Joy Spreader Group Inc. — Capital/Financing Update 2011

Apr 6, 2011

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [120 x 37] intentionally omitted <==

AGTech Holdings Limited 亞博科技控股有限公司 [*]

(incorporated in Bermuda with limited liability)

(Stock Code: 8279)

THE TENDER RESULT OF THE POSSIBLE ACQUISITION OF A 65% EQUITY INTEREST IN GOT

Reference is made to the announcement of the Company dated 29 March 2011 (the “Announcement”) relating to the participation of Century Decai, an indirect wholly-owned subsidiary of the Company, in a bid for the Sale Interest, which represents a 65% equity interest in GOT being sold by CEC under a tender process organised at the Beijing Equity Exchange. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

The Board wishes to announce that Century Decai has received a notification from the Beijing Equity Exchange on 6 April 2011. Such notification acknowledged the receipt of the bid from Century Decai and the Deposit paid by Century Decai in accordance with the prescribed timeframe stipulated by the Beijing Equity Exchange. Century Decai was confirmed as the final accepted bidder for the Sale Interest during the tender process organised at the Beijing Equity Exchange and Century Decai shall therefore proceed with the prescribed procedures, including the entering into the Share Transfer Agreement with CEC, to complete the acquisition of the Sale Interest. The Company will closely monitor the status of the Possible Acquisition and will make further announcement as and when required under the Listing Rules.

By order of the Board AGTech Holdings Limited Sun Ho Chairman & CEO

Hong Kong, 6 April 2011

1

As at the date of this announcement, the Board comprises Mr. Sun Ho, Mr. Robert Geoffrey Ryan, Mr. Bai Jinmin and Mr. Liang Yu as executive Directors; Ms. Yang Yang as non-executive Director; and 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, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website (www.hkgem.com) for at least 7 days from its date of posting and will be published on the website of the Company at http://www.agtech.com.

• For identification purpose only

2