19 Mar 2014 18:18
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: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray Tel: +44 207 886 2500
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