Capital Estate Limited (HKG:0193) Announced the Appointment of Mr. Sio Tak Hong as the Chairman and Executive Director

Hong Kong, July 29, 2009 AEST (ABN Newswire) - Capital Estate Limited ("Capital Estate"/ "the Company") (HKG:0193) is pleased to announce today that Company has appointed Mr. Sio Tak Hong ("Mr. Sio") as the Chairman and executive Director of the Company, and re-designated Mr. Chu Nin Yiu, Stephen, Executive Director, to Chief Executive Officer. The appointment and re-designation are effective from 28 July 2009.

Mr. Sio has extensive business and management experience and has been engaged in many property projects and commercial developments in Macau. Mr. Sio is a director of Sociedade de Empreendimentos Nam Van, S.A. one of the largest property developers in Macau. He is also the chairman of the board of Hotel Fortuna Limited in Macau. Mr. Sio is a standing committee member of The Chinese People's Political Consultative Conference of Guongdong province, Macau District, and representative of the industrial, commercial and financial functional group of the Election Committee of Chief Executive. He is also a Honorary Consul of Grenada since 2005.

Mr. Sio is interested in affairs of China and his hometown. He is the Founding Chairman of the Macau Jiangmen Association and the Founding President of the Jiangmen Youth Federation of Overseas Chinese. Endeavouring to public welfare, Mr. Sio has been awarded "Philanthropist of Jiangmen” and Honorary Citizen by the Jiangmen Government. He is also named the "Outstanding Contributor to Chinese Philanthropy" by the China Charity Federation in Beijing.

Mr. Chu Nin Yiu, Stephen, the CEO of the Company said, "We are very excited to have Mr. Sio join the Board for Mr. Sio is very influential and greatly respected in both China and Macau. Together with his extensive business and management experience, we believe that it will provide momentum to take the Company to the next level in its growth strategy. "

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