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Asian Growth Props (AGP)

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Monday 30 November, 2009

Asian Growth Props

Directorate Change

RNS Number : 2703D
Asian Growth Properties Limited
30 November 2009

30th November, 2009


Resignation of Independent Non-Executive Director and Change of Non-Executive Chairman and Chairman of Audit, Nomination and Remuneration Committees

The board of directors (the "Board") of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that with effect from 30th November, 2009:

(1)   Mr. 
David Carr Mathewson ("Mr. Mathewson") has tendered his resignation as the Non-Executive
an Independent Non-Executive Director and the Chairman of the Audit, Nomination and
       Remuneration Committees
 of the Company to pursue his other opportunities; and

(2)  Mr. Richard 
Öther Prickett ("Mr. Prickett")an Independent Non-Executive Director of the Company, has
 appointed as the Acting Non-Executive Chairman and the Chairman of the Audit, Nomination and
       Remuneration Committees of the Company
 until the appointment of the succeeding Chairman by the Board.

The Board expresses its gratitude to Mr. Mathewson for his contribution to the Company during his term of service.

For more information, please contact:

Lu Wing Chi                                                                        Tel: +852 2828 6363

Executive Director

Asian Growth Properties Limited

Richard Gray                                                                       Tel: +44 207 459 3600

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)

This information is provided by RNS
The company news service from the London Stock Exchange