AsiaMart® Participates in Zhejiang’s
Third Investment and Trade Fair in Ningbo, China

Burlington, Massachusetts, June 7, 2001 . . . AsiaMart® announced today that a delegation, lead by Mr. David Zhao, has left to participate in the Third Investment and Trade Fair from June 8 to June 12 this year in Ningbo, a city near Shanghai.

The upcoming investment and trade fair consists of investment negotiation, trade negotiation, investment forums and introduction of talents and technology. The investment and trade fair will focus on key regions for the utilization of foreign investment: the development zones at the state- or provincial-levels; emphasize key sectors, such as petrochemicals, machinery, electronics, bio-medicine, agriculture, tourism and services, and select Taiwanese investors as main invitation bidders.

During the fair, the 2001 Zhejiang Import and Export Commodity Exposition and China (Zhejiang) International IT Application Exposition will be held. Several types of commodities in which Zhejiang has advantages will be displayed, including mechanical and electrical products, textile and garments, light industry arts and crafts and household appliances. The latter exposition will mainly show the development situation of the information industry both in China and abroad and application situation of E-commerce; introduce and promote the application of the latest techniques; accelerate the application of IT in traditional industries and open bids for involvement in the IT industry.

Investment forums will be held, such as the Hi-tech and Venture Investment Forum, Cross-Straits Economic Cooperation and Development Forum and New Century Development Zone Strategy Forum. At the forums and seminars, prominent economists and securities investment experts as well as scholars and officials in other fields will be invited to deliver speeches so as to enhance enterprise awareness of using high technology and venture capital. The latter two forums will focus on inviting Taiwanese and foreign investors.

"Zhechiang Economic and Technological Development Zone is one of the key strategic alliance for AsiaMart® in China," said Anew Technology founder and CEO Mr. Edward Soong. "Through our alliance and activities like this Investment and Trade Fair, we provide business and trade services for our worldwide members."

AsiaMart®, the B2B e-marketplace division of Anew Technology Corporation, has over 1,700 select businesses from 97 countries throughout Asia, Europe, the United States and elsewhere. Member companies currently conduct their global trade through this fast-growing marketplace. Since 1995 AsiaMart® offices and representatives throughout the world have provided a wide range of value-added B2B services for firms doing business in Asia. Today, in China alone, there are 151 AsiaMart® Trade Centers strategically located throughout 15 provinces to serve member companies.

AsiaMart®, www.AsiaMart.net, can be reached in Burlington, MA, USA at 1-781-272-2639 or via mailto:AsiaMart@AsiaMart.net.

© 1996 - 2001 Anew Technology Corporation