RNS Number:4856P
Guangdong Development Fund Ld
8 September 2003

Letter to RNS

Guangdong Development Fund Limited ("Company")

Pursuant to paragraph 16.4 of the Listing Rules of your Exchange, we set out
below the information in respect of the appointment of Mr. Mohammad Haroon, Mr.
Zhang Zhuoming and Ms. Ng So Kau as non-executive directors of the Company with
effect from 20 August 2003:

In respect of Mr. Mohammad Haroon ("Mr. Haroon")

1.  Details of the names of all companies and partnerships of which Mr. Haroon
has been a director or partner at any time in the previous five years, with the
indication whether or not he is still a director or partner.

Please refer to schedule 1.

2.  Details of any unspent convictions in relation to indictable offences.

Nil

3.  Details of any bankruptcies or individual voluntary arrangements.

Nil

4.  Details of any receiverships, compulsory liquidations, creditors voluntary
liquidations, administrations, company voluntary arrangements or any composition
or arrangement with its creditors generally or any class of its creditors of any
company where Mr. Haroon was a director with an executive function at the time
of or within the 12 months preceding such events.

Nil

5.  Details of any compulsory liquidations, administrations or partnership
voluntary arrangements of any partnerships where Mr. Haroon was a partner at the
time of or within the 12 months preceding such events.

Nil



6.  Details of receiverships of any asset of Mr. Haroon or of a partnership of
which Mr. Haroon was a partner at the time of or within the 12 months preceding
such event.

Nil

7.  Details of any public criticisms of Mr. Haroon by statutory or regulatory
authorities (including recognised professional bodies) and whether he has ever
been disqualified by a court from acting as a director of a company or from
acting in the management or conduct of the affairs of any company.

Nil



In respect of Mr. Zhang Zhuoming ("Mr. Zhang")

1.  Details of the names of all companies and partnerships of which Mr.Zhang
has been a director or partner at any time in the previous five years, with the
indication whether or not he is still a director or partner.

Please refer to schedule 2.

2.  Details of any unspent convictions in relation to indictable offences.

Nil

3.  Details of any bankruptcies or individual voluntary arrangements.

Nil

4.  Details of any receiverships, compulsory liquidations, creditors voluntary
liquidations, administrations, company voluntary arrangements or any composition
or arrangement with its creditors generally or any class of its creditors of any
company where Mr. Zhang was a director with an executive function at the time
of or within the 12 months preceding such events.

Nil

5.  Details of any compulsory liquidations, administrations or partnership
voluntary arrangements of any partnerships where Mr. Zhang was a partner at the
time of or within the 12 months preceding such events.

Nil

6.  Details of receiverships of any asset of Mr. Zhang or of a partnership of
which Mr. Zhang was a partner at the time of or within the 12 months preceding
such event.

Nil



7. Details of any public criticisms of Mr. Zhang by statutory or regulatory
authorities (including recognised professional bodies) and whether he has ever
been disqualified by a court from acting as a director of a company or from
acting in the management or conduct of the affairs of any company.

Nil



In respect of Ms. Ng So Kau ("Ms. Ng")

1. Details of the names of all companies and partnerships of which Ms. Ng has
been a director or partner at any time in the previous five years, with the
indication whether or not he is still a director or partner.

Please refer to schedule 3

2. Details of any unspent convictions in relation to indictable offences.


Nil

3. Details of any bankruptcies or individual voluntary arrangements.


Nil

4. Details of any receiverships, compulsory liquidations, creditors voluntary
liquidations, administrations, company voluntary arrangements or any composition
or arrangement with its creditors generally or any class of its creditors or any
company where Ms. Ng was a director with an executive function at the time of or
within the 12 months preceding such events.

Nil

5. Details of any compulsory liquidations, administrations or partnership
voluntary arrangements of any partnerships where Ms. Ng was a partner at the
time of or within the 12 months preceding such events.

Nil

6. Details of receiverships of any asset of Ms. Ng or of a partnership of which
Ms. Ng was a partner at the time of or within 12 months preceding such event.

Nil

7. Details of any public criticisms of Ms. Ng by statutory or regulatory
authorities (including recognized professional bodies) and whether she has ever
been disqualified by a court from acting as a director of a company or from
acting in the management or conduct of the affairs of any company.

Nil

Please note that an announcement regarding the aforesaid appointments was
released to your Exchange through RNS on 28 August 2003.



Letter from Guangdong Development Fund Limited


                                   Schedule 1

Mr Haroon is currently a director of the following companies:

1. Institute of Overseas Pakistanis

2. Overseas Pakistanis Educational Network

3. Pakistan Institute of Legislative Development & Transparency

4. Cosmos Developments Limited


                                  Schedule 2

Mr. Zhang Zhuoming has been a director for the following companies in the 
previous five years:

Company Name

1. Jing Mei Travel & Trading Company Limited (appointed on 19/5/1997 and 
   resigned on 2/6/2003)

2. Guangnan Hong (Group)Limited (appointed on 14/4/2000)

3. Guangdong Agriculture Company Limited (appointed on 15/6/2000)

4. Guangdong Real Estate (Holdings) Limited (appointed on 14/4/2000)

5. Guangdong Credit Limited (appointed on 14/4/2000)

6. Guangdong Capital Holdings Limited (appointed on 14/4/2000)

7. Guangdong Development (Holdings) Limited (appointed on 14/4/2000)

8. Guangdong Silk Company Limited (appointed on 29/4/2000)

9. Guangdong Holdings Overseas Limited (appointed on 8/5/2001)

10. Guangdong Enterprises (Overseas) Limited (appointed on 10/10/2000)

11. Yue Soon Limited (appointed on 17/5/2000).



                                  Schedule 3

Ms. Ng So Kau has been a director for the following companies in the 
previous five years:

From July 1993 to April 2000       Director Deputy General Manager and
                                   Financial Controller in Guangdong Development
                                   (Holdings) Ltd

From Feb.1994 to May 2001          Director in Guangdong
                                   Telecommunications Co., Ltd

From Sept 1994 to April 2000       Director in Walsall Company Ltd

From Oct 1997 to Nov. 2000         Director in Hua Yue Trading GMBH
                                   Import/Export, KOLN

From Sept 1999 to present          Director in Guangdong Materials
                                   Company Ltd

From May 2000 to July 2000         Financial Dept. Deputy General 
                                   Manager in Guangdong Assets Management Ltd.

From Aug 2000 to present           Financial Dept. General Manager in 
                                   Guangdong Assets Management Ltd.  




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