Long Investment Corp — Board/Management Information 2007

Jun 14, 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.

GOLDEN 21 INVESTMENT HOLDINGS LIMITED 金豐21投資控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2312)

APPOINTMENT OF DIRECTOR AND NET ASSET VALUE

The board (the “Board”) of directors (the “Directors”) of Golden 21 Investment Holdings Limited (the “Company”) announces that Mr. Choy Kwok Hung, Patrick was appointed as a Non-Executive Director and Chairman of the Board of the Company all with effect from 14 June 2007.

Mr. Choy Kwok Hung, Patrick , aged 64, is the Founder and Chairman of Global Strategy Group Limited and a Trustee and Board member of Majulah Connection Limited. He is an Independent Non-executive Director of Solomon Systech International Limited, a company listed on The Stock Exchange of Hong Kong Limited, and an Independent Non-Executive Director of Evergro Properties Limited (D09.SI), a company listed on the Stock Exchange of Singapore, a Corporate Advisor to Keppel Corporation Limited and Senior Advisor to Motorola Inc.. Mr. Choy is a member of the National Committee, the Chinese People’s Political Consultative Conference (“CPPCC”) and is also a Standing Committee member of Tianjin CPPCC. Mr. Choy is the Vice President of International Mind Sports Association and World Bridge Federation. Save as disclosed above, he did not hold any other directorship in listed public companies in the past three years.

Mr. Choy will in charge of the management of the Board and will not involve in the day-to-day management of the business of the Company and will not participate in the executive management team of the Company. There was no service contract between the Company and Mr. Choy and no specific term of length of service. He is subject to retirement at the first general meeting after his appointment and thereafter subject to retirement by rotation at least once every three years in accordance with the Articles of Association of the Company. Mr. Choy will receive a director’s fee of HK$20,000 per month which is determined with reference to the prevailing market conditions.

Mr. Choy holds 90% interest in Global Strategy Group Limited which in turn holds 50% in Global Strategy Capital Markets Limited (“GSCML”). GSCML is also owned by Mr. Au-Yong Shong, Samuel, an Non-Executive Director of the Company as to 50% and holds 1,132,000 shares of the Company as at the date of this announcement. Therefore, Mr. Choy is deemed to be interested in the said 1,132,000 shares within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong). Mr. Choy is the father of Mr. Choy Git Yan, Timothy, the deputy general manager of the Company. Apart from the above, he is not connected with any Directors, senior management or substantial or controlling shareholders of the Company.

Save as disclosed herein, there are no other matters relating to the appointment of Director needed to be brought to the attention of the shareholders of the Company or are required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to its warmest welcome to Mr. Choy to join the Board.

NET ASSET VALUE

As at 31 May 2007, the unaudited net asset value per share of the Group was approximately HK$0.30.

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As at the date of this announcement, the Board comprises of: Chairman (Non-executive Director) Executive Directors Non-executive Director Independent non-executive Director

Mr. Choy Kwok Hung, Patrick Mr. Chan Chi Hung Mr. Lim Siang Kai Mr. See Lee Seng Mr. Au-Yong Shong, Samuel Mr. Yue Man Yiu, Matthew Mr. Chung Koon Yan Mr. Zheng Weihe By Order of the Board Golden 21 Investment Holdings Limited Tse Kam Fai Company Secretary

Hong Kong, 14 June 2007

Please also refer to the published version of this announcement in China Daily.

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