Asian Star Appoints Acting President.

Business Editors

HONG KONG--(BUSINESS WIRE)--March 28, 2003

Asian Star Development, Inc. (NASDAQ:ASDV)(OTCBB:ASDV), with its principal offices in Hong Kong, has announced that Mr. Harry Tsui, President, Treasurer and Director, and Mr. Kevin Au Yeung, Secretary and Director of the Company, resigned from their offices on March 16, 2003 and March 18, 2003, respectively. No disagreements with the Company were cited in connection with the resignations. The Board has appointed Mr. Stephen Chow, who currently serves as the Company's Honorary Chairman and a Director, to serve in the office as of Acting President, Secretary and Treasurer until the appointment of new officers. New directors will be appointed by the Board shortly to replace the resigned directors.

The above statements in regard to Asian Star Development Inc. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Asian Star Development, Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could case actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes.