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Vision Values Holdings Ltd. Board/Management Information 2001

Nov 27, 2001

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Asia Logistics Technologies Limited

亞洲物流科技有限公司*

(Incorporated in the Cayman Islands with limited liability)

APPOINTMENT OF DIRECTOR

The board of directors (the "Board") of Asia Logistics Technologies Limited (the "Company") is pleased to announce that Dr. Cheng Kar Shun, Henry was appointed Non-Executive Director of the Company with effect from 26th November, 2001.

By Order of the Board

Lo Lin Shing, Simon

Chairman

Hong Kong, 26th November, 2001

* For identification only

"Please also refer to the published version of this announcement in the Hong Kong i-mail"