China Grand Resorts (OTC BB:CGND)

Recent Corporate Actions:

1. Name change from Asia Premium Television Group, Inc. to China Grand Resorts

• Purpose  On August 1, 2009, the Company entered into a subscription and asset sale agreement with Beijing Hua Hui Hengye Investment Ltd. pursuant to which it received the commercial income rights to development project located in Changde, Hunan Province, PRC. As a result of this transaction, the Company intends to be involved in the sale of resort projects in PRC. The purpose of the name change is to better reflect the new corporate direction of the Company.

2. One for Twenty Reverse Stock Split

• Purpose-  The Board of Directors believes that our Common Stock is undervalued and that the Reverse Split will allow the Company’s Common Stock to trade in a more realistic price range.

Source: SEC Filing DEF-14c (October 16, 2009)