(February 8, 2002, Hong Kong) - Thiz Technology Group Limited ("Thiz" or the "Group"; stock code: 8119) is pleased to announce its 3rd Quarter results for the nine months ended 31 December, 2001. During the period under review, turnover amounted to approximately HK$14,309,000 and gross profit reached HK$5,072,000, representing an increase of 3.80 times and 3.31 times respectively over the corresponding period of the previous year. Loss attributable to shareholders amounted to approximately HK$6,086,000. The Board of Director does not recommend the payment of an interim dividend for the nine months ended 31 December, 2001.

Since listing in July 2001, Thiz's efforts and progress in building its brand name and expanding the geographical coverage of its products are conspicuous. Besides aligning with renowned Taiwanese set-top box and motherboard manufacturers, the Group has established an office in Beijing to expand into the lucrative PRC market. At the same time, Thiz Linux 5.0 Simplified Chinese Desktop Version passed the testing of GB 18030 by PRC's Standardization of Information Technology Committee and was awarded an A+ grading. This is a clear indication that Thiz's products are highly regarded and well received by the PRC standard and thus, paving the way for the Group to tap into the enormous market.

Commenting on the results of the period under review, Mr. Albert Li, Chairman of Thiz, said, "The Group is very pleased to see such growth momentum in the industry and highly anticipates the profuse room for further development in the future. With the growing popularity of Thiz Linux, we are confident of an even better performance for the remaining years to come."