Hong Kong Exchanges and Clearing Limited

FORM 3C - Director's/Chief Executive's Notice – Interests in Debentures of Listed Corporation

Form Serial No:

DC20071205000052

1. Name of listed corporation:

Innovo Leisure Recreation Holdings Ltd.

2. Stock code:

00703

3. Class of debentures:

701

4. Amount of debentures in same class in issue:

51,308,408

5. Name of director (English) as printed on HKID/Passport:

8. Name of director (Chinese):

陳澤武

9. Chinese Character Code:

711534192976

12. Date of relevant event:

25/06/2007
(dd/mm/yyyy)

13. Date when director became aware of the relevant event/ interest in the debentures (if later):

05/12/2007
(dd/mm/yyyy)


14. Details of relevant event:
Relevant event code describing circumstances	Code describing capacity in which debentures were/are held		Currency of Debentures	Denomination or unit size of the debentures	Amount of debentures bought/sold or involoved	On Exchange		Off Exchange
	Before relevant event	After relevant event				Highest price per unit	Average price per unit	Average consideration per unit	Consideration code
160		205	HKD		51,308,408			51,308,408.000	302

15. Total amount of debentures of listed corporation in which the Director is interested:

	Immediately before the relevant event	Immediately after the relevant event
Amount of debentures	0	51,308,408

16. Capacity in which interests disclosed in column 3 of Box 15 are held (required for Initial Notification only):

Code describing capacity	Amount of debentures
205	51,308,408

17. Further information in respect of rights under debentures described in Box 14 granted to the Director by the listed corporation:

Exercise period

Consideration paid or received for debentures or rights to subscribe for debentures

Amount of debentures involved

Begins	Ends	Price for grant	Exercise price	Price on assignment
Nil

18. Further information in relation to interests of children under 18 and/or spouse:

Name of child/spouse	Amount of debentures
Nil

19. Further information in relation to interests of corporations controlled by Director:

Name of controlled corporation	Address and place of incorporation	Name of controlling shareholder	% control	Direct interest	Amount of debentures
Victory Gate Investments Limited	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands	Chan Chak Mo	100.00	Y	51,308,408

20. Further information in relation to interests held by Director jointly with another person:

Name of joint debenture holder	Address	Amount of debentures
Nil

21. Further information from a director who is a trustee, or beneficiary of a trust, or a person who has set up a Discretionary Trust:

Names of Trust	Address	Status code	Amount of debentures
Nil

22. Date of filing this Form 3C:

05/12/2007
(dd/mm/yyyy)

24. Number of attachments: