(July 27, 2000, Hong Kong) - Thiz Technology Group Limited ("Thiz" or the "Group"; stock code: 8119) commenced trading today on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited. On its first trading day, the shares price closed at HK$2.1, representing a jump of 76% from the Issue Price of HK$1.19 per share. Shares are well-received by investors. Over 4.9 million shares changed hands and the total transaction amount was around HK$9 million.

Mr. Albert Li, Chairman of the Group, said, "We are very grateful for the support from investors. Despite recent market volatility, our stock price has performed favorably on the first day of trading. As the first Linux application software developer to be listed on GEM, this proves that investors are enthusiastic about the tremendous growth opportunity of the Linux market. Also, they have confidence in our products, business and marketing strategies. With our strengths and knowledge, we believe we can capture the growth opportunities and have a bright and prosperous future."

Mr. Li concluded, "We will use the net proceeds to enhance and diversify our products, to establish sales office in Beijing and to promote and increase our brand awareness. We will continue to develop the Greater China market due to its growth potential. Outstanding products complementing with strong strategic alliances, the Group will definitely continue to hold a leading position in the industry and bring substantial return to our shareholders."