RNS Number:7712M
Guangdong Development Fund Ld
26 May 2005



Guangdong Development Fund Limited
Director's shareholding
26 May 2005


Guangdong Development Fund Limited ("GDF") was notified that FE Select II
Investments Limited, of which Mr Victor Lap-Lik Chu, the Chairman of GDF, is a
director, had acquired 5,829,768 ordinary shares of US$0.01 each, being 6.02% of
the issued share capital of GDF.


FE Select Investments Limited, of which Mr. Chu is also a director, is
interested in 16,600,000 shares, being 17.13% of the Company's issued share
capital of GDF.


Mr Chu is also personally interested in 50,000 ordinary shares, being 0.05% of
the Company's issued share capital.






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