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NEWS RELEASE

AsiaMart® hosts a meeting for a delegation from Pudong New Area of Shanghai Government with over 50 local businesses and investors from Boston.

Boston, MA, July 25, 2001—Mr. Ed Soong, CEO of Anew Technology Corporation, hosts a meeting for a delegation from Pudong New Area of Shanghai Government with over 50 local businesses and investors from Boston.

Pudong Shanghai delegation included 13 senior officials from the Economic Trade and Development Bureau, Science & Technology Bureau and the key hi-tech development parks in Pudong New Area. The objective of the delegation's visit to Boston was to:

1. Introduce the investment environment and policy of Pudong New Area in Shanghai.
2. Present on-going and potential multi-million dollar hi-tech projects.

3. Network with business organizations and hi-tech professionals.
4. Initiate future economic and cultural co-operations and exchanges.
They had also express the desire to meet with:
1.entrepreneurs from IT companies and related
2.venture capitalists
3.representatives from investment banks.

The invited local guests consisted of an elite group of business executives, venture capitalists, and high tech professionals.

After a brief introduction of Pudong delegation, Nie Zuyi and two other delegates Mr. Cai Xiaoqing (Vice Director, Comprehensive Planning Office, Economic Commission, Shanghai Municipal People's Government) and Mr. Dai Haibo (General Manager, Shanghai Zhangjiang Hi-Tech Park Development Corp.) gave presentations.  The delegates reported the economic achievements and the investment environment and policy of Pudong New Area of Shanghai. They also presented their on-going and potential multi-million dollar hi-tech projects and showed their sincere welcome to AsiaMart® and other Boston business organizations and hi-tech professionals to come to Pudong for any types of economic and cultural co-operations and exchanges.

After the presentations from the delegates, there were a short session of questions and answers and a period of social time, exchanging business cards and taking pictures. The meeting was a success with investors’ interests in detailed projects and visits to Pudong area.

AsiaMart® looks forward to assisting US companies in exploring business opportunities in China.  Services include strategic and planning consulting, joint development, sourcing, and searching and evaluating investment projects. Delegations will be formed by AsiaMart® to visit China’s new high tech development zones through out the country.

AsiaMart® will continue to invite Chinese trade missions to come to this country.  As our next coming major event, a delegation from Zhejiang High Tech Zone will come to Boston in mid-August.

For further information, please contact:
Media Relations
AsiaMart®/Anew Technology Corporation
www.AsiaMart.net  www.Anew.net
99 South Bedford Street
Burlington, MA 01803, USA
Tel.  1-781-272-2639

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