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

Mar 19, 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)

RESIGNATION OF AN EXECUTIVE DIRECTOR

The board of directors (the “Board”) of Sing Lee Software (Group) Limited (the “Company”) announces that with effective from 19 March 2003 Mr. Duan Patrick resigned from the position of an executive director, vice president and chief technical officer of the Group to take the priority to spend more time on pursuing his personal business development in the future. Following the resignation of Mr. Duan Patrick, the Board consists of 5 members including 3 executive directors and 2 independent non-executive directors. In addition, the Company is currently employing 2 other vice presidents and 3 other chief technical officers which would be sufficient to take up the job responsibilities of Mr. Duan Patrick. The Board believes that the resignation of Mr. Duan Patrick will not have any material adverse impact on the operations of the Company.

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

Hong Kong, 19th March, 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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