Persistence Gold Group Ltd — Board/Management Information 2003

Jun 20, 2003

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SHANGHAI MERCHANTS HOLDINGS LIMITED 上海商貿控股有限公司[*]

(Receivers and Managers appointed) (Incorporated in Bermuda with limited liability)

Resignation of Independent Non-executive Directors

The Company announces that Mr. Gordon Ng and Mr. Lau Siu have resigned as independent non-executive directors of the Company with effect from 18 June and 19 June 2003 respectively.

The Company extends its appreciation to Mr. Ng and Mr. Lau for their past contribution to the Company.

For and on behalf of

Shanghai Merchants Holdings Limited (Receivers and Managers Appointed) Alan Chung Wah Tang and Alison Wong Lee Fung Ying Joint and Several Receivers & Managers

Hong Kong SAR, 19 June 2003

* for identification only

Please also refer to the published version of this announcement in The Standard.

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