iSteelAsia.com puts key senior management team in place: COO

Hong Kong, 25th February 2000 - Asia's first steel exchange vertical portal, iSteelAsia.com announces critical strengthening of its senior management team, in readiness to fulfil its aim of transforming the Asian steel trade through e-business.

The new appointment is Ms. Drina Yue as Director and Chief Operating Officer of the Group.

Ms. Drina Yue (COO) is responsible for the Group's overall strategy execution and operations. Ms. Yue has over 20 years of multi-functional experience in the telecommunications field, during part of which time she held various senior management positions with international conglomerates overseeing business developments and regional operations. Building on a solid industry background at AT&T in the United States, she was formerly a Director in BellSouth Enterprises, specializing in strategic projects that involved working with Chinese government bodies and conglomerates, and Chief of Staff at Motorola China's Network Solutions Division. She also served as a Vice-President at Global TeleSystems Group in China, developing strategic business opportunities in the Greater China mobile voice/data communications field.

Mr. Andrew Yao, Chairman and Founder of iSteelAsia.com said: "With the appointment of these extremely able professionals, iSteelAsia.com now has the senior management it needs to revolutionize the Asian steel industry. Ms. Yue is supremely gifted and experienced in her respective field of strategic direction and technical solutions, bring a wealth of human talent to our enterprise. Ms. Yue's experience of working across the entire Asian region gives her superb strategic vision. We are confident that iSteelAsia.com will become the leading steel trading portal in the region, if not the world."

About iSteelAsia.com Limited
Launched in December 1999, iSteelAsia.com (iSteelAsia) 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 aims to offer an open and neutral marketplace for steel trading. Trading competitiveness and efficiency are optimised on iSteelAsia as players can access a full spectrum of buyers and sellers and timely market knowledge. iSteelAsia 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 has over 2,600 registered members who regularly use its online trading services and access into its online Reuters and Asia Information Resources News.