Sing Lee Software (Group) Limited — Board/Management Information 2003

Dec 23, 2003

The Stock Exchange of Hong Kong Limited 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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(Incorporated in Bermuda with limited liability)

CHANGE OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the “Board”) of Sing Lee Software (Group) Limited (the “Company”) announces that with effective from 22nd December 2003 Mr. Wang Gui Guo has tendered his resignation as an independent non-executive director of the Company. His resignation was due to the increasing obligation of teaching and research at the City University of Hong Kong. He confirmed that no matter need to bring to the attention of the shareholder in relation to the Company and his resignation.

At the same time, Mr. Pao Ping Wing will be appointed as an independent non-executive director and the Chairman of audit committee of the Company. Mr. Pao was appointed his first independent non-executive director by Oriental Press Group Limited since 1987 and at the same year, he was also appointed as the Justice of the Peace in Hong Kong. Mr. Pao has plentiful experience because he has over 15 years experience being an independent non-executive director in three listed companies in Hong Kong.

By Order of the Board Sing Lee Software (Group) Limited Hung Yung Lai Chairman

Hong Kong, 23rd December 2003

This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange for the purpose of giving information with regard to the Company. The directors of the Company, 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 on the GEM website for at least 7 days from the date of its publication.

* For identification purpose only

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