(July 26, 2001, Hong Kong) - Thiz Technology Group Limited ("Thiz" or the "Group"), the first Linux application developer to be listed on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange"), announced today that the Placing has achieved satisfactory results and the 34,500,000 shares offered under the Placing were fully subscribed by institutional and individual investors from Hong Kong and overseas, including an associated company of United Microelectronics Corporation (a well-known semi-conductor manufacturer and a listed company in Taiwan).

The Company's shares will commence dealing on GEM on Friday, July 27, 2001. The stock code is 8119. CSC Asia Limited is the Sponsor; Polaris Securities (Hong Kong) Limited is the Co-Sponsor; CSC Securities (HK) Limited is the Lead Manager and Book Runner.

Mr. Albert Li, Chairman and CEO of the Group said, "Despite recent market volatility, the Share Offer has been fully subscribed. This indicates that investors are optimistic about the future of Linux operating system and believe that Thiz can capture a significant market share in this growing market."

Linux has become the recommended operating system (OS) by the PRC Government and quite a number of state-owned enterprises are using the Linux operating platform. It is predicted that most Chinese corporations will follow suit given the low cost of ownership and ease of customization of Linux OS. With PRC's imminent of entry into WTO, there will be a strict enforcement of intellectual property rights, thus benefiting the growing popularity of Linux. Facing such a tremendous growth opportunity, Thiz will continue to leverage on its excellent R&D capabilities, diversified products, efficient marketing channels and strong strategic partnerships to extend its market reach and increase sales.

Mr. Li continued, "The Group has formulated compelling strategies to maintain our leading position and competitiveness for the growing Linux market. The share issuance is to complement these strategies by using the net proceeds to develop new Linux application software, to establish sales office in Beijing, as well as to enhance and promote our existing products. We strongly believe Thiz will become the world's favorite Linux software developer, bringing substantial return to our shareholders."