14 May 2000

ABC's QPI Signs up Leading Thai brokers to further develop Asian business

Hong Kong listed company ABC Communications (Holdings) Ltd. ("ABC", http://www.hkabc.com, stock code: 30) announced today that its wholly owned subsidiary, QuotePower International Ltd., ("QPI", http://www.quotepower.com) has signed contracts of technology supply with KGI S-One and TISCO Securities of Thailand.

Under the contracts, QPI will provide to Thai brokers with an online securities trading platform, as well as live financial information in both English and Thai on the Internet, the first such offering to the investing public in Thailand.

"The cooperation with these leading financial institutions in Thailand marks another step forward by QPI in Asia. We will further develop businesses in China, the Philippines, Malaysia, Japan and other Asian countries, by establishing branches, making acquisitions, as well as forming joint ventures," said Mr. Ted Sze, CEO of QPI.

"QPI has focused on the entire Asia market right from the beginning providing multilingual, multi-exchange securities trading platforms and financial information for all markets in Asia," added Mr. Sze.

"In fact, among its 100 strong staff, more than 50 per cent concentrate on research and development. Moreover, QPI is establishing a research and development center in China to fulfil its customers¡¦ requirements across the region.

"ABC's acquisition of QPI last year brought synergy for its existing businesses, and facilitated its development of Internet financial services and securities trading platform in Asian markets. QPI is ABC's flagship company in the financial sector and strives to be the No. 1 technology outsourcer for Asian securities brokers and financial institutions, with the full support of ABC's financial resources," said Ms. Patricia Yeung, ABC's Managing Director.

About ABC:
ABC Communications (Holdings) Ltd. is a technology and telecommunications group. Its core businesses include Internet service provision (ISP), financial information and outsourcing. ABC is also a strategic investor in communications ventures and companies in the region, and was a founding shareholder of SmarTone Telecommunications.

About QPI:
QuotePower International Ltd. is a subsidiary of ABC. It provides leading e-trading solutions for major financial institutions in Asia. Its role as a technology outsourcer for the financial market is distinctive in that it assists these institutions to develop e-trading services in Asian markets with efficient, secure and reliable systems and professional consultation services.

About KGI S-One:
Established in 1986, KGI S-One is the largest securities broker listed on the Stock Exchange of Thailand, with the largest market share. KGI S-One has been voted as the best equity sponsor, underwriter and brokerage house in Thailand. Taiwan's Koos Group is a strategic shareholder of the company with a 51% stake.

About TISCO Securities:
As one of the top ten brokers, TISCO is a widely acknowledged leader within the Thai securities industry. It has a well diversified and established client base, comprising both institutional and retail customers. The company is a wholly owned subsidiary of TISCO Finance Public Company Limited, and a founding member of the Stock Exchange of Thailand.