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Vision Values Holdings Ltd. Board/Management Information 2001

Jun 4, 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 AND RESIGNATION OF DIRECTORS

The board of directors (the "Board") of Asia Logistics Technologies Limited (the "Company") announces that Mr. Yu Ansheng, Ben was appointed Executive Director of the Company and that Mr. Hui Mang Mang resigned as Executive Director of the Company, both with effect from 1st June, 2001.

By Order of the Board

Lo Lin Shing, Simon

Chairman

Hong Kong, 1st June, 2001

* For identification purpose only

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