ZO Future Group — Board/Management Information 2009

Jan 22, 2009

Hong Kong Exchanges and Clearing Limited and 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.

GRANDTOP INTERNATIONAL HOLDINGS LIMITED 泓鋒國際控股有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2309)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that Mr. Yip Man Ki has resigned as an independent non-executive director, member of Audit Committee, member of Nomination Committee and member of Remuneration Committee of the Company with effect from 22 January 2009 due to his intention to concentrate on his other career commitments.

The board of directors (the “Board”) of Grandtop International Holdings Limited (the “Company”) announces that Mr. Yip Man Ki (“Mr. Yip”) has resigned as an independent non-executive director, member of Audit Committee, member of Nomination Committee and member of Remuneration Committee of the Company with effect from 22 January 2009 due to his intention to concentrate on his other career commitments.

Mr. Yip has confirmed to the Board that he had no disagreement with the Board and that there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its gratitude to Mr. Yip for his valuable contribution to the Company during his tenure of office.

For and on behalf of

Grandtop International Holdings Limited Hui Ho Luek, Vico

Executive Director and Chief Executive Officer

Hong Kong, 22 January 2009

As at the date hereof, the directors of the Company are Mr. Yeung Ka Sing, Carson, Mr. Hui Ho Luek, Vico, Mr. Steven McManaman, Mr. Fan Zhi Yi, Mr. Lee Yiu Tung, Mr. Ip Wing Lun and Ms. Wong Po Ling, Pauline as executive directors, Mr. Christian Lali Karembeu and Mr. Chan Wai Keung as nonexecutive directors, Mr. Chang Kin Man, Mr. Yau Yan Ming, Raymond and Mr. Zhou Han Ping as independent non–executive directors.

* for identification purpose only