Joyas International

Joyas International: remains on trading halt since Friday. Joyas intends to diversify its business to include a) Education Business in PRC and b) Resources Business. The Group intends to diversify into the business of mining, processing and sale of natural resources (in particular nickel) in Hong Kong, the PRC and Indonesia. In conjunction with the new strategy, it is acquiring 80% stake in China Technical Institution Holdings and 80% stake in Pac Resources Holdings. It is also granting share options as part of consideration for the proposed acquisitions.