Ascletis Pharma Inc. — Board/Management Information 2007

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世界（集團）有限公司 WORLD HOUSEWARE (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 713)

RESIGNATION OF EXECUTIVE DIRECTOR, QUALIFIED ACCOUNTANT, COMPANY SECRETARY AND FINANCIAL CONTROLLER OF THE COMPANY

The board of directors (the “Board”) of World Houseware (Holdings) Limited (the “Company”) announces that with effect from 13 August 2007, Mr. Choi Kwok Keung Sanvic resigned as an Executive Director, Qualified Accountant, Company Secretary and Financial Controller of the Company due to other career commitments.

Mr. Choi resigned on his own accord and he confirmed that there was no disagreement with the Board and there were no matters which need to be brought to the attention of the shareholders of the Company in relation to his resignation.

According to Rule 3.24 of the Listing Rules, the Company must ensure that, at all times, it employs on a full time basis, an individual with the specified qualifications set out in that rule as a qualified accountant of the Company.

At present, the Company is searching for a suitable candidate to fill the position of the Company Secretary, Financial Controller and Qualified Accountant and the Board expects that the appointment will be finalized soon. Further announcement will be made by the Company with regard to the new appointment of Company Secretary, Financial Controller and Qualified Accountant of the Company in due course.

The Board has accepted Mr. Choi’s resignation with regret and would like to take this opportunity to thank Mr. Choi for his contributions to the Company.

By Order of the Board Lee Tat Hing Chairman

Hong Kong, 13 August 2007

As at the date of this announcement, the executive directors of the Company are Mr. Lee Tat Hing, Madam Fung Mei Po, Mr. Lee Chun Sing, Madam Lai Lai Wah, Mr. Lee Pak Tung, Mr. Kwong Bau To and Madam Chan Lai Kuen Anita; the non-executive director of the Company is Mr. Cheung Tze Man Edward; the independent non-executive directors of the Company are Mr. Tang King Hung, Mr. Hui Chi Kuen Thomas and Mr. Ho Tak Kay.