Vision Values Holdings Ltd. — Board/Management Information 2000

Dec 1, 2000

ASIA LOGISTICS TECHNOLOGIES LIMITED

亞洲物流科技有限公司*

(Incorporated in the Cayman Islands with limited liability)

APPOINTMENT OF NEW DIRECTORS

The Board of Directors (the "Board") of Asia Logistics Technologies Limited (the "Company") are pleased to announce that:-

1. Mr. Wu Wing Kin be appointed as Executive Director of the Company with effect from 29th November, 2000; and

2. Mr. Ho Hau Chong, Norman be appointed as Non-Executive Director of the Company with effect from 29th November, 2000.

By Order of the Board

Asia Logistics Technologies Limited

Chan Ki

Director and Chief Executive Officer

Hong Kong, 30th November, 2000

* For identification purposes

Please also refer to the published version of this announcement in the i Mail dated 1/12/2000.