Joy Spreader Group Inc. — Transaction in Own Shares 2011

Mar 30, 2011

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.

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(incorporated in Bermuda with limited liability)

(Stock Code: 8279)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 23.06A of Rules Governing the Listing of Securities of the Growth Enterprise Market ( “GEM” ) of the Stock Exchange ( “GEM Listing Rules” ).

The board (“ Board ”) of directors (“ Directors ”) of AGTech Holdings Limited (“ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that the Company has granted share options to employees and a consultant of the Group, subject to acceptances of the employees and the consultant, under the share option scheme adopted by the Company on 18 November 2004. The following are the details of the share options granted:

Date of grant : 30 March 2011 (“ Date of Grant ”) Exercise price of share : HK$0.330 to subscribe for one ordinary share of options granted HK$0.002 each of the Company (“ Share ”) Number of share options : five Options, under which up to 17,400,000 Shares are issuable to the grantees

Closing price of the Shares : HK$ 0.325 per Share on the Date of Grant

Average closing price of the : HK$0.330 per Share Shares for the five business days

Validity period of the : 30 March 2012 to 29 March 2013 for 4,350,000 Shares Options 30 March 2013 to 29 March 2014 for 4,350,000 Shares 30 March 2014 to 29 March 2015 for 4,350,000 Shares 30 March 2015 to 29 March 2016 for 4,350,000 Shares

The above grantees are neither director, chief executive nor substantial shareholder of the Company, nor associate of any of them (as defined in the GEM Listing Rules).

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

The Hong Kong Special Administrative Region of the People’s Republic of China, 30 March 2011

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 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 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 and will be published on the website of the Company at http://www.agtech.com.

* For identification purpose only