[January 14, 2001 - HONG KONG] Representing iSteelAsia.com Limited ("iSteelAsia.com" or the "Group", stock code: 8080), the world's leading steel exchange vertical portal, Mrs. Drina Wan Yue, Director and Chief Operating Officer, joined a Hong Kong delegation to visit India.

The Hong Kong delegation, led by Secretary for Information Technology and Broadcasting, Mrs. Carrie Yau, comprised members from Information Technology and Broadcasting Bureau, Education and Manpower Bureau, the Indian Chamber of Commerce of Hong Kong and local private companies.

During the stay in India, the delegation visited the capital New Delhi and met with state officials. They called on the Minister of Finance, Mr. Yashwant Sinha, and Minister for Information & Broadcasting, Mrs. Sushma Swaraj, in New Delhi on 8th January, 2001.

The programme also included attending the Partnership Summit 2001 held in Hyderabad, India, organised by the Confederation of Indian Industry, and visiting the hi-tech centres at Hyderabad and Bangalore.

Mrs. Yue has been appointed by the Chief Executive of Hong Kong Special Administrative Region PRC as a member of the Information Infrastructure Advisory Committee (IIAC) to recommend steps to take to facilitate the development of the information infrastructure in Hong Kong since August 2000.

In fact, in September 2000, iSteelAsia.com announced that iSteelIndia.com would be established as a steel portal focusing on the Indian domestic steel trading market. Initially, the Group will partner with Himachal Futuristic Communications Limited, a leading Indian e-Commerce and technology company, Consolidated Press Holdings, a leading Australian multimedia company, and Stemcor Holdings Limited to set up the new venture.

(From left to right) Mrs. Drina Wan Yue (Director & COO of iSteelAsia.com), Mr. Rex Chang (Principal Assistant Secretary for Information Technology and Broadcasting) and Mrs. Carrie Yau (Secretary for Information Technology and Broadcasting) called on Mr. Yashwant Sinha (Minister of Finance, India) in a Hong Kong delegation's visit to India.

Corporate Information

Launched in December 1999, iSteelAsia.com Limited ("iSteelAsia.com") was Asia's first online exchange for trading in steel and steel products. It is the first of its kind to be listed on the Hong Kong Stock Exchange's GEM board in April 2000. Focused on the Asian steel community, iSteelAsia.com aims to offer an open and neutral marketplace for steel trading. Trading competitiveness and efficiency are optimized on iSteelAsia.com as players can access a full spectrum of buyers and sellers and timely market knowledge. iSteelAsia.com serves as a single point of contact offering financing, insurance, surveying, shipping and logistics services, providing members with a one-stop end-to-end steel trading.

To date, iSteelAsia.com has approximately 3,000 registered members who regularly use its online trading services and access into its online Reuters and Asian Information Resources Limited. For details, please visit: www.isteelasia.com

Issued by OCCASIONS Corporate & Financial Communications Limited for and on behalf of iSteelAsia.com Limited. For further information, please contact:

iSteelAsia.com Limited
Ms. Betty Jane Leon
Senior Marketing Manager
c/o OCCASIONS Corporate & Financial Communications Limited
Tel: 2801-5333 Fax: 2801-5323

OCCASIONS Corporate & Financial Communications Limited
Mr. Allen Tong / Ms. Vijo Lee
Tel: 2801-5333 Fax: 2801-5323
E-mail: allen@occasions.com.hk / vijo.lee@occasions.com.hk

This press release can be downloaded from the website of OCCASIONS: www.occasions.com.hk