EC-Founder (Holdings) Company Limited

[For Immediate Release]

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(Hong Kong, October 25, 2001) - Leading PRC software services and solutions provider, EC-Founder (Holdings) Limited, ("EC-Founder") (stock code: 618), provided location-based services (LBS) on CDMA digital mapping at the Asia-Pacific Economic Cooperation (APEC) Conference in Shanghai.

Mr. Ricky Lei, President of EC-Founder, said, "EC-Founder celebrated its first year anniversary after reorganization in September. I am grateful for the solid foundations established in the past year. The opportunity to present our self-developed LBS to the participants at this conference of world prominence just adds to our pride."

The LBS was jointly developed by EC-Founder, Lucent Technologies Communication & Information (Shanghai) Co., Ltd. and Asiacorp Co., Ltd. Participants of the APEC conference can access digital map to perform location services enquiry through the CDMA 1X test network. Using a personal digital assistance (PDA) with CDMA communication function, participants can look up the locations of all hotels, scenic spots and tourist attractions in Shanghai. The PDA will also display the best routes to these destinations, the relevant transportation timetables, and details of the destinations such as contact numbers.

The application of LBS at this conference demonstrated the technological excellence of EC-Founder. Apart from applications in various industries such as water supplies, energy, transportation, land planning, city construction, business intelligence and base-line resources management, LBS can also be applied for domestic uses. Users can download the LBS client software into their PDAs, mobile phones and notebook computers to use the digital mapping enquiry function.

Mr. Lei concluded, "EC-Founder has invested considerable resources and research efforts in the field of LBS over the years. The successful application of LBS at the APEC Conference has further strengthened the leading position of EC-Founder in the LBS industry in the PRC. At the same time, this achievement affirms and inspires our pursuit on the long-term vision of expanding into overseas market and diversifying product applications."

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About EC-Founder (Holdings) Company Limited

EC-Founder is principally engaged in the provision of software services and solutions in four areas - Network Security Products and Solutions, Location-based Business Intelligence, e-Finance Solutions and Enterprise Information Solutions. The Group is committed to providing top quality, customer-oriented and technologically-driven services and solutions.

For press enquiries:

Strategic Financial Relations (China) Limited

Ms. Anita Cheung / Ms. Flora Ng / Ms. Cynthia Ng / Ms. Karen Chen
Tel : 2864 4827 / 2864 4837 / 2864 4894 / 2864 4850
Fax : 2527 1271 / 2804 2789
Email : / / /

Source: EC-Founder (Holdings) Company Limited
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