Asian Growth Properties appoints Lincoln Lu and Lam Sing Tai to Board of Directors

– HONG KONG / UK – The board of directors of Asian Growth Properties Limited (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.

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.

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