Asian Growth Properties Limited Directorate Change (7330C)

TIDMAGP

RNS Number : 7330C

Asian Growth Properties Limited

19 March 2014

19 March 2014

ASIAN GROWTH PROPERTIES LIMITED

Appointment of Executive and Non-executive Directors

The board of directors of Asian Growth Properties Limited (the "Company", together with its subsidiaries, the "Group") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, is pleased to announce that Mr. Lincoln Lu and Mr. Lam Sing Tai have been appointed as an Executive Director and a Non-executive Director of the Company respectively with effect from 19 March 2014.

Mr. Lincoln Lu, aged 39, is an executive director of S E A Holdings Limited ("SEA", together with its subsidiaries, the "SEA Group"), a company listed on The Stock Exchange of Hong Kong Limited and is the holding company of the Company. He is also a director of various members of the SEA Group and is primarily responsible for the Group's hotel and project management operations.

Mr. Lu is also a member of the Sichuan Committee of Chinese People's Political Consultative Conference and an executive member of All-China Federation of Industry and Commerce. He holds a Bachelor of Arts degree from the University of British Columbia in Canada.

SEA holds about 97.17% of the issued shares of the Company and Mr. Lu, through his direct and indirect shareholding interests in SEA, is deemed to have an indirect beneficial shareholding interest of 97,993,724 shares in the Company, representing approximately 11.06% of the existing issued share capital of the Company.

Other than his directorship in SEA, Mr. Lu also holds directorship in companies named in Appendix I in the last five years.

Mr. Lam Sing Tai, aged 67, is a non-executive director of SEA and is also a director of various members of the SEA Group. He is primarily responsible for the sales and marketing matters of the Group's properties in Hong Kong and Mainland China and has over 40 years of solid experience in property development and investment.

Mr. Lam through his direct shareholding interest in SEA, is deemed to have an indirect beneficial shareholding interest of 1,578,961 shares in the Company, representing approximately 0.178% of the existing issued share capital of the Company.

Other than his directorship in SEA, Mr. Lam also holds directorship in companies named in Appendix II in the last five years.

Saved as disclosed above, there are no other matters which are required to be disclosed with regard to the appointment of Mr. Lu and Mr. Lam under paragraph (g) of Schedule Two to the AIM Rules for Companies of London Stock Exchange plc.

For more information, please contact:

   Lu Wing Chi                            Tel: [phone] 

Executive Director

Asian Growth Properties Limited

   Richard Gray                            Tel: [phone] 

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)

Appendix I - Directorship of Mr. Lincoln Lu

Current directorship

AGP (Diamond Hill) Limited*

AGP (Sha Tin) Limited*

AGP (Wanchai) Limited*

Asian Growth Properties Limited (Bermuda Co)*

Benefit Strong Group Limited*

Bluebell Investment Group Limited

Charm Action Holdings Limited

Cheer Champ Investment Limited*

Cheer Motion Development Limited*

Chengdu Huashang House Development Co., Ltd.*

Chengdu Yulong No. 1 Property Development Company Limited*

Chengdu Yulong No. 2 Property Development Company Limited*

Chengdu Yulong No. 3 Property Development Company Limited*

China Brilliant Management Limited*

City Media Limited

Classic Concept Pacific Limited*

Concord Way Limited*

Crowberry International Limited

Crown Wise Investment Limited*

Dragon Charm Investments Limited*

Earn Rise Development Limited*

East Best Investments Limited*

Easy Gain Investment Holdings Limited*

Ever Reality Limited*

Fancy Luck Enterprises Limited*

Far Sky Investment Limited

Galleon Success Limited*

Giant Well Enterprises Limited*

Global Richland Enterprises Limited*

Global Success Holdings Inc.*

Glory Sign Development Limited*

Gold Ascot Limited*

Grace Art Development Limited*

Grace Target Holdings Limited*

Gracemanor Investments Limited*

Grand Palace Development Limited*

Grandland Group Limited

Guangzhou Yingfat House Property Development Co., Ltd.*

Guangzhou Yingtat House Property Development Co., Ltd. *

Handy View Company Limited*

Harbour Green Holdings Limited

Harvest Hill Limited*

Healthy Time International Limited*

Hinsan Finance Limited

Honor Business Investment Limited*

Honour In Investments Limited*

Honour Plus Limited

Huangshan City Huizhou District Feng Dan Bailu Investment and Development Company Limited*

Isoko Limited*

Jaffa Pacific Limited*

Jaffe International Limited

JCS Limited

Kaifeng International City No. 1 Realty Development Company Limited*

Kaifeng International City No. 5 Realty Development Company Limited*

Kingston Pacific Investment Limited*

Lakehead Development Limited*

Leighton Road Hotel Management Services Limited*

Light Glory Holdings Limited*

Link Care Limited*

Linkpower Worldwide Inc.*

Manifold Returns Group Limited

Menkia Holdings Limited*

Modern Tender Limited

Montelima Holdings Inc.*

Nan Luen International Limited

New Ally Limited

New Insight Holdings Limited*

New Rise Asia Pacific Limited

Newsland Properties Limited*

Newslink Properties Limited*

Norton Networks Assets Inc.*

NYH Limited

On Lucky Holdings Limited*

Opal House Development Limited*

Oriental Fame Holdings Limited*

Pacific Plus Enterprises Limited*

Perfect Records Investment Limited*

Prime Light Holdings Limited*

Prime Sign Limited*

Prosper Power Development Limited*

Queentrix Group Limited

Reego Group Limited*

Rex Capital Development Limited*

Rich Motion Development Limited*

S E A Financial Services Limited*

S E A Holdings (NZ) Limited

S E A PM Limited

S E A Project Management Company Limited

San Wealth Holdings Limited*

SEA (AGP) Offshore Limited

SEA (BVI) Limited*

SEA Group Treasury Limited*

SEA Hotels Limited*

SEA Island Holdings Pty. Limited

SEA Nominees Limited

SEA Real Estate Agency Limited

SEA Secretarial (Hong Kong) Limited

SEA Secretarial Limited

Sharp Goal Investments Limited*

Sharp Talent Trading Limited

Shine Concord Investments Limited*

Shinning Worldwide Limited*

Silver Opportunity Investment Limited*

Simsanio Limited*

Sino Harvest Investment Limited*

Sino Harvest Real Estate Development (Chengdu) Company Limited*

Sky Trader Services Limited

Sky Trend Investments Limited*

Smart Commence Limited

South-East Asia Investment And Agency Company, Limited

Speed Vantage Enterprises Limited*

Star Advance Development Limited*

Starlet Development Limited*

Sunfold Development Limited*

Sunny Net Development Limited*

Sunthai Investments Limited*

Tapro Investments N.V.

Top Greenery Limited

Top Label Development Limited*

Trend Rich Investment Limited*

Unison International (BVI) Limited

Unison Knitting Factory, Limited

Universe Point Limited*

Vast Power Development Limited*

Vast Wheel Company Limited*

Wide Launch Limited*

Win Up Limited*

Winford Pacific Limited

Wing Siu Company Limited*

Winsrock Ltd.

Wo Sang And Company, Limited

* Subsidiaries of the Company

Previous directorship in the last five years

AGP Hong Kong Limited

AGP Shop Limited

Alimotion Investments Limited

Cheer Fast Group Limited

Eastpower Developments Limited

Ego Chain Holdings Limited

Elite State International Limited

Eternal Benefit Trading Limited

Goland Development Limited

Grace State International Limited

Guangzhou Yingchang Real Estate Consultancy Limited

Guangzhou Yinggao Real Estate Consultancy Limited

Guangzhou Yinghao Real Estate Consultancy Limited

Honour Base Investment Limited

Kaifeng International City No.2 Realty Development Company Limited

Kaifeng International City No.3 Realty Development Company Limited

Kaifeng International City No.4 Realty Development Company Limited

Kaifeng International City No.6 Realty Development Company Limited

Kaifeng International City No.7 Realty Development Company Limited

Kaifeng International City No.8 Realty Development Company Limited

Magicorp Limited

Manswin Holdings Limited

Nan Ying Holdings (BVI) Limited

SGP Logistics Limited

Solar Legend Investment Limited

Star Oasis Investments Limited

Starcord Holdings Limited

Tapro Investments B.V.

Timely View Holdings Limited

Top Sound Holdings Limited

Zhanjiang Yingjian House Property Development Co., Ltd.

Appendix II - Directorship of Mr. Lam Sing Tai

Current directorship

Bestrix Development Limited

Chengdu Huashang House Development Co., Ltd.*

Chengdu Yulong No. 1 Property Development Company Limited*

Chengdu Yulong No. 2 Property Development Company Limited*

Chengdu Yulong No. 3 Property Development Company Limited*

Chengdu Yulong No. 4 Business Trading Limited(#) *

Cosmos Properties Limited

Gracemanor Investments Limited*

Guangzhou Yingfat House Property Development Co., Ltd.*

Guangzhou Yingtat House Property Development Co., Ltd.*

Huangshan City Huizhou District Feng Dan Bailu Investment and Development Company Limited*

Kaifeng International City No. 1 Realty Development Company Limited*

Kaifeng International City No. 5 Realty Development Company Limited*

Kingston Pacific Investment Limited*

Nanjing Hushu Ecology Travel Development Co., Ltd.*

Nanjing Taligang Tourist Leisure Facilities Company Limited*

SEA Nominees Limited

SEA Real Estate Agency Limited

SEA Secretarial Limited

SEABO Pacific Limited

Shinning Worldwide Limited*

Sino Harvest Real Estate Development (Chengdu) Company Limited*

* Subsidiaries of the Company

# English translation of the Chinese company name

Previous directorship in the last five years

Art Oasis Development Limited

Beyond Ahead Group Limited

Bluebell Investment Group Limited

Classic Concept Pacific Limited

Gloriland International Limited

Grand Palace Development Limited

Grandland Group Limited

Guangzhou Yingchang Real Estate Consultancy Limited

Guangzhou Yinggao Real Estate Consultancy Limited

Guangzhou Yinghao Real Estate Consultancy Limited

Handy View Company Limited

Hong Kong Lawdion (Property) Limited

Kaifeng International City No.2 Realty Development Company Limited

Kaifeng International City No.3 Realty Development Company Limited

Kaifeng International City No.4 Realty Development Company Limited

Kaifeng International City No.6 Realty Development Company Limited

Kaifeng International City No.7 Realty Development Company Limited

Kaifeng International City No.8 Realty Development Company Limited

Leiyang City Baishide Property Management Limited (#)

Leiyang Shunhua Real Estate Development Ltd. (#)

Montelima Holdings Inc.

Pacific Commerce Holdings Limited

Reaplite Investment Limited

SB Dragon Management Limited

SEABO Pacific Limited

Sichuan Jinhong Cement Co., Ltd.

Simsanio Limited

Sino Harvest Investment Limited

South-East Asia Investment And Agency Company, Limited

Sunthai Investments Limited

Vocaltech Limited

Win Up Limited

Wing Siu Company Limited

Zhanjiang Yingjian House Property Development Co., Ltd.

# English translation of the Chinese company name

This information is provided by RNS

The company news service from the London Stock Exchange

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