Crypto Flow Technology Limited — Board/Management Information 2007

Aug 23, 2007

The Stock Exchange of Hong Kong Limited (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.

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WAFER SYSTEMS LIMITED 威 發 系 統 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8198 )

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The board of directors (the “Board”) of Wafer Systems Limited (the “Company”) announces the resignation of Mr. Kwan Kit Tong (“Mr. Kwan”) as a non-executive Director with effect from 26 August 2007.

Mr. Kwan has been appointed to the Board to represent the interests of QPL International Holdings Ltd. (“QPL”), which, to the best knowledge of the Board, is a substantial shareholder of the Company. The Board was advised that Mr. Kwan tenders his resignation as a result of QPL having made a strategic decision to reduce its stake in the Company.

Mr. Kwan has confirmed that he has no disagreement with the Board and that there are no matters that he considers need to be brought to the attention of the shareholders of the Company in relation to his resignation.

Save as disclosed above, the Board wishes to confirm that there are no other matters that need to be brought to the attention of the Company’s shareholders.

The Board wishes to express its sincere gratitude to Mr. Kwan for his valuable contribution to the Company during the tenure of his office.

By Order of the Board Wafer Systems Limited Pang Kin Man, Edmond Company Secretary

Hong Kong, 23 August 2007

As at the date of this announcement, the Board consists of one executive director, Mr. CHAN Sek Keung, Ringo, one non-executive director, Mr. KWAN Kit Tong and three independent non-executive directors, namely Mr. PANG Hing Chung, Alfred, Mr. Da vid TSOI and Mr. CHAN Tze Ngon.

This announcement, for which the directors 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 of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, 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 Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication.

* For identification purpose only