MYECO GROUP LTD — Director's Dealing 2010

Dec 1, 2010

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 2 DECEMBER 2010

CHANGE OF DIRECTOR’S INTEREST NOTICE

The Company wishes to announce a change in the Director’s Interest of Chen Yi.

An Appendix 3Y Change of Director’s Interest Notice is attached.

Rekha Bhambhani Company Secretary

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	CARDIA BIOPLASTICS LTD
ABN	89 064 755 237

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Chen Yi
Date of last notice	1 May 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Change in Direct Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	1 December 2010
No. of securities held prior to change	Direct (16,000,000 Ordinary Shares & 16,000,000 Options -30 June 2011)
Class	Ordinary Shares Options (30 June 2011)
Number acquired	2,500,000 Ordinary Shares
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	2,500,000 Ordinary Shares at 2 cents per share have been issued in lieu of salary. The issue of shares has been approved by shareholders in AGM held on 29th November 2010.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct (18,500,000 Ordinary Shares & 16,000,000 Options -30 June 2011)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares have been issued in lieu of salary following shareholders’ approval in AGM.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002