For immediate release

16 July 2001

Dao Heng Securities Limited ("DHS") announces today the launch of "DHS PDA Stock Trading Service", a new wireless online securities trading service for retail investors.

Designed to be more informative and comprehensive than other PDA Stock Trading in the market, DHS PDA Stock Trading Service is the result of joint efforts between DHS and E-business and Internet professional services firm, IconMedialab and wireless application developer, SinoSky Technology Development Limited. This alliance brings the synergy of three market leaders to the forefront in providing a well-rounded unique support for an advanced stock trading platform in the financial industry.

"DHS PDA Stock Trading Service" enables customers with DHS Internet trading account to conduct wireless online trades on Hong Kong stocks and access a full range of financial and market information via any wireless device which runs under Windows CE. DHS PDA Stock Trading Platform adopts a Secure Socket Layer system with 128 bits in encryption, thus ensuring the trading security.

DHS PDA Stock Trading Service allows customers to access market information that includes real-time streaming stock quotes, market news and in-house research reports. This service also allows customers to obtain up-to-minute account information such as order status, transaction history up to past 6 months, account and stock balance, request cash withdrawal, send settlement instruction, calculate profit and loss for own portfolio as well as set corporate action alert function. Full access to real-time streaming data on DHS PDA Stock Trading Service is available at HK$338 per month. However, customers with trading volume of HK$200,000 or 5 completed trades within a month can enjoy this service free of charge for the next month.

To celebrate the launch of DHS PDA Stock Trading Service, DHS is pleased to offer 3 sets of free PDA package which includes Compaq iPAQ Pocket PC with PCMCIA Expansion Pack and Orange Freewing Wireless Modem Card to those new individual Internet Trading customers who are the 28th, 38th and 88th customers to complete the first Internet trade before 31 August 2001. To reward our customers, DHS will also offer the above free PDA package to those individual Internet Trading customers with trading volume of HK$5 million in August 2001. Dao Heng Securities is also proud to partner with Hutchison Telecommunications (Hong Kong) Limited and Compaq Computer Limited in providing an unmatched special offer for the above PDA package and Orange Web Direct Service for our Internet Trading customers.

Ms. Stella Fung, DHS Executive Director and General Manager said, "Dao Heng Securities has always been committed to leveraging the benefit of using advanced technology in providing stock trading service. More importantly, this new service enables investors to enjoy the convenience and excitement of conducting trades at anytime anywhere with a minimal and affordable expense i.e. a really portable trading device with real-time streaming quotes in your pocket."

PDA trading is DHS's newest delivery channel to supplement traditional broking services and Internet trading. Anticipating market demand for technology-enabled services, DHS had launched mobile phone trading in conjunction with Dao Heng Bank in September 1999 as well as introduced Internet trading and the "interactive voice response" system in last January. DHS was also among the first batch of brokers to launch the Broker Supplied Systems (BSS) of AMS/3, the Third Generation Automatic Order Matching and Execution System in last November.

IconMedialab is the technology provider of DHS PDA Stock Trading Service. "We have seen many of our clients in Europe and recently in China making successful inroad in WAP/SMS applications and services and PDA applications will certainly be the next wireless evolution. Dao Heng Securities is a leader in the PDA vision," according to Adeline Ching, Managing Director, IconMedialab Greater China, "and we are very pleased to work for Dao Heng Securities in supporting this pioneering PDA initiative in Hong Kong."

"In terms of our choice of a technology partner, we have selected SinoSky Technology because of their Killer Application SkyStream, which is the most sophisticated wireless quotation application in the market. With IconMedialab whose integrated approach to site design and support has provided DHS with a strong technical backbone from which to extend our PDA trading service to other geographic markets in the near future," said Ms. Fung.

"DHS PDA Stock Trading Service will allow its customers to capture market opportunities anytime anywhere. We believe with the rapid development of wireless network services and handheld devices, DHS PDA service is a timely and forward looking offer for its customers," said Andrew Au, Managing Director of SinoSky Technology Development Limited.

About Dao Heng Securities Limited
Dao Heng Securities Limited is an established brokerage house, holding 5 trading rights on The Stock Exchange of Hong Kong Limited. The company offers professional financial advice and technical support with a full range of trading services, which includes, in-house research report, financial advisory services, listed companies information, online initial public offer ("eIPO"), margin financing, custodial and nominee services, corporate finance, and multi-channels stocks trading services. More information on DHS products and services are available on www.dhsec.com.

Established in Hong Kong in 1981, Dao Heng Securities is a wholly owned subsidiary of Guoco Group Limited (Hong Kong stock code: 0053).

About IconMedialab
IconMedialab, the e-business and Internet professional services firm with the most expansive global reach, provides innovative, strategic, creative and technology solutions to clients all over the world. Expertise is offered across all platforms and devices, including wireless and mobile applications. Recognized by the World Economic Forum as one of the world's pioneering new technology companies, IconMedialab helps clients attain competitive advantage and generate long term value by utilising the power of emerging technologies to build stronger, more profitable relationships with customers, business partners, employees, suppliers and shareholders. It has proven its ability by successfully delivering more than 4,000 e-commerce projects, with more than 2,000 employees employed from all around the world. IconMedialab AB was founded in 1996 and is headquartered in Brussels and their stock is traded on the Stockholm Stock Exchange Attract40 (ICON). IconMedialab Asia is headquartered in Singapore and has offices in Hong Kong, Shanghai, Kuala Lumpur, Sydney, and Melbourne. www.iconmedialab-asia.com.

About SinoSky Technology Development Limited
SinoSky Technology is a wireless infrastructure and application developer and also a service platform provider. It specializes in developing wireless financial service applications and has pioneered Wireless Interactive Streaming Technology. The company is a Hong Kong-based and has received funding from HKSAR's Innovation and Technology Fund.

For further information, please contact:
Dao Heng Securities Limited
Phyllis Cheung - Manager Marketing
Tel: 2218 2872     Fax: 2285 3144
E-mail: Phyllis.cheung@guoco.com

IconMedialab
Judith Tang - Regional Director, Public Relations Asia Pacific
Tel: 2150 2698     Fax: 2150 2798
E-mail: Judi.tang@iconmedialab.com.hk

SinoSky Technology Development Ltd.
Carol Au - Manager Operation
Tel: 2525 5329     Fax: 2121 8527
E-mail: carol@sinoskytech.com

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