CHYY Development Group Limited — Board/Management Information 2003

May 26, 2003

The Stock Exchange takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

IIN INTERNATIONAL LIMITED 國訊國際有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

CHANGE OF EXECUTIVE DIRECTOR

The board of directors (the “Board”) of IIN International Limited (the “Company”), together with its subsidiaries (the “Group”) hereby announces that Mr. Li Zhi Sheng (“Mr. Li”) had tendered his resignation as an executive director of the Company, the chief operating officer as well as all his other board and management positions held with the Group’s subsidiaries with effect from 31 May 2003 in order to pursue other business of his own interest.

With due consideration, the Board is pleased to announce the appointment of Mr. Jin Feng (“Mr. Jin”) as executive director of the Company, with effect from 31 May 2003.

Mr. Jin has been the vice president of the marketing department of the Group since May 2002. He obtained a Bachelor’s Degree in Power Engineering and a Master’s Degree in Marine and Oceanic Engineering in Hua Zhong University of Science and Technology of Hubei, P.R.C in 1983 and 1988 respectively. Before joining the Group in May 2002, he held several key positions in various IT companies in the PRC including Legend Advanced Systems Co. Ltd., a subsidiary of a Hong Kong listed company named Legend Group Limited, and eBis Co. Ltd., a private company. He has over 10 years’ experience in the IT industry.

The Board wishes to express its appreciation to Mr. Li for his contribution towards the Group during his terms of service and to welcome Mr. Jin to his new position.

By order of the board of IIN International Limited Chang Ye Min, William President & Chief Executive Officer

Hong Kong, 26 May 2003

1

This announcement, for which the directors of IIN International Limited collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the “GEM Listing Rules”) for the purpose of giving information with regard to IIN International Limited. The directors of IIN International Limited, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

This announcement will remain on the “Latest Company Announcement” page on the GEM website for at least 7 days from the date of publication and on the website of the Company at www.iini.com.

• For identification purposes only

2