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Vision Values Holdings Ltd. Board/Management Information 2002

Mar 4, 2002

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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)

RESIGNATION OF DIRECTOR

The board of directors (the "Board") of Asia Logistics Technologies Limited (the "Company") announces that Mr. Wu Wing Kin resigned as executive director of the Company with effect from 1 March 2002.

The Board would like to express its sincere appreciation to Mr. Wu for his valuable contribution during his term of office with the Company.

By Order of the Board

Lo Lin Shing, Simon

Chairman

Hong Kong, 1 March 2002

* For identification only

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