HONG KONG, June 16 /PRNewswire/ --

- Extensive Experience Contributes to Strengthening Property Development Business in the PRC

HKC (Holdings) Limited ("HKC (HOLDINGS)" or the "Group") (SEHK: 190) has appointed Mr. CHAU Wing Hing ("Mr. CHAU") and Mr. SHI Jihua ("Mr. SHI") as Executive Directors of the Group, effective from 15 June 2008.

Mr. CHAU joined the Group since 2005 and has over 26 years of solid experience in property development and construction. He is mainly responsible for property development and management in the PRC. He graduated from the department of infrastructure of Dongbei University of Finance and Economics (formerly named Liaoning University of Finance and Economics) and holds a Bachelor's Degree in Economics.

Mr. SHI joined the Group since 1998 and possesses over 15 years of solid experience in commercial and investment banking. He is mainly responsible for business development and investment management in the PRC. Mr. Shi graduated from Shanghai University of Finance and Economics, specializing in Finance. He also holds a Master's Degree in Business Administration from China-Euro International Business School.

Mr. Eric OEI, Executive Chairman of HKC (HOLDINGS), said, "On behalf of the Board, I would like to extend my warmest welcome to Mr. Chau and Mr. Shi. Seeing the great potential in the PRC property market, the Group has paid strenuous effort to transform into a property developer in the PRC. By the first quarter of 2008, the Group had already enlarged its landbank to over 1.8 million sq. m. with land in the PRC. Mr. Chau and Mr. Shi's expertise and extensive experience in relation to the property market in the PRC add confidence in developing our leadership as a major property developer in the PRC."

About HKC (Holdings) Limited (stock code: 190)

HKC (Holdings) Limited is principally engaged in property development and investment activities with a primary focus in the PRC. It is also one of the leading providers of alternative energy in the PRC. In October 2007, Cerberus Asia Capital Management, LLC has become the Group's second largest shareholder. In March 2008, the Group acquired 74.99% interest in J.I.C. Technology Company Limited (SEHK: 987), all new investment in the alternative energy business will be conducted through JIC.

For more information, please visit the Group's website: http://www.hkcholdings.com .

For media enquiries: Strategic Financial Relations Limited Esther Chan Tel: +852-2864-4825 Email: esther.chan@sprg.com.hk Vicky Lee Tel: +852-2864-4834 Email: vicky.lee@sprg.com.hk Shirley Lo Tel: +852-2864-4847 Email: shirley.lo@sprg.com.hk Doris Chan Tel: +852-2114-4950 Email: doris.chan@sprg.com.hk

Website: http://www.hkcholdings.com

Esther Chan, +852-2864-4825, esther.chan@sprg.com.hk, or Vicky Lee, +852-2864-4834, vicky.lee@sprg.com.hk, or Shirley Lo, +852-2864-4847, shirley.lo@sprg.com.hk, or Doris Chan, +852-2114-4950, doris.chan@sprg.com.hk, all of Strategic Financial Relations Limited