CTDC China Technology Development Grp. Corp. (MM)

CHANGE IN THE MANAGEMENT AND THE BOARD OF DIRECTORS

The board of directors (the “Board”) of China Technology Development Group
Corporation (the “Company”) has appointed Mr. Zhenwei Lu, Executive Director, as
Chief Financial Officer of the Company with effect from July 7, 2011, and Ms.
Weining Zhang as Chief Communications Officer of the Company with effect from
June 15, 2011.

Mr. Zhenwei Lu was appointed as our Executive Director on January 5, 2007. He
was the General Manager of China Merchants Technology Co., Ltd., or CMTH, a
wholly owned subsidiary of China Merchants Group. Mr. Lu has represented China
Merchants Group to establish Shenzhen China Merchants Group Yinke Investment
Management Ltd, a Renminbi venture investment fund, and he is acting as General
Manager of this company. China Merchants Group is one of the largest state-owned
enterprises directly under the administration of the China State Council and has
significant business operations across Hong Kong and China in real estate,
energy, logistics, ports, highways and industrial zones. Mr. Lu holds a
Bachelors degree from Shanghai Marine College and a Masters degree from Zhongnan
University of Economics and Law.

Ms. Weining Zhang was appointed as our Chief Communications Officer on June 15,
2011, in charge of our public relations and investor relations. Prior to joining
the Company, she served as a director of Perennial Financial Consulting,
providing strategy and financial services to clients. Prior to that she worked
in the financial industry in roles that included serving as a closing analyst
for Credit Suisse First Boston/DLJ, a financial advisor for American Express, a
senior manager for Real Options Group, a senior account executive of CCG Elite
Investor Relations. Ms. Zhang holds a Bachelors degree in Economics
(Quantitative Path) from University of California at Berkeley, US and a
specialized MBA from SDA Bocconi, Milan, Italy.

On July 7, 2011, the Board resolved to remove Mr. Ju Zhang from the office as
Executive Director pursuant to the authority provided by the Company’s articles
of association. The Company has no disagreement with Mr. Ju Zhang and confirms
that the removal will not have any material effect on the business and
operations of the Company.

As of the date hereof, our Board of Directors consists of eight directors, three
of whom are executive directors and five of whom are independent directors.