Tradelink-eBiz : eBiz Pulse

Tradelink Announces Share Offer Allotment Results
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Placing Shares Approximately 9 Times Subscribed
Public Offer Shares Approximately 144 Times Subscribed

(Hong Kong, 26 October 2005) - Tradelink Electronic Commerce Limited (“Tradelink” / the “Group”), a leading provider of electronic commerce service for both the Hong Kong and international business communities, today announced its allotment results.

The international placing shares were significantly over-subscribed, representing approximately 9 times the placing shares initially available. For the public offer, the Group received valid applications for 3,368,432,000 shares, equivalent to around 144 times of the public offer shares originally available.

As a result of the strong response to the public offer, the clawback mechanism has been applied. The final number of public shares has gone up to 116,640,000 shares against a reduction of number of placing shares to 116,640,000 shares. DBS Asia Capital Limited, the Global Coordinator, Bookrunner, Lead Manager and Sponsor of the listing, has also over-allocated 34,992,000 shares (equivalent to the maximum number of shares available under agreement with the Vendor, being FSI) to institutional investors under the placing tranch.

Commenting on these encouraging results, Mr. Justin Yue, CEO of Tradelink, said, “We are very pleased with the response to the share subscription, we see it as a show of confidence of the investing public in our business model and prospects. As an important milestone for the Group, our listing on the Stock Exchange of Hong Kong (“SEHK”) will provide us with a strong impetus to further accelerate our overall business development.”

Based on the final offer price of HK$1.25 per share, the net proceeds from the share offer amounted to approximately HK$57 million. As to HK$40 million of the amount raised will be used by the Group to identify and develop new electronic services such as the electronic submission of manifest and advance cargo information in respect of cargoes carried by road mode of transport, and new services relating to application of RFID (radio frequency identification) technology in logistics. The remaining balance will be used as general working capital.

“After our listing we will move on, not only to strengthen our leading position in the Government Electronic Trading Services market, but also to extend our presence and influence in the private sector. In addition to the DTTN project, which will be launched to the market soon, we are set to explore the huge development potential in Mainland China. I look forward to witnessing more rapid advances being made by the Group,” Mr. Yue concluded

Trading of shares of Tradelink will commence on 28 October 2005 (Friday) on the Main Board of the SEHK with stock code 536.

About Tradelink Electronic Commerce Limited

Established in 1988, Tradelink Electronic Commerce Limited is a leading provider of trade-related electronic services for both Hong Kong and international business communities. Over the years, by perfecting its infrastructure and developing services that meet users’ practical needs, Tradelink has earned the trust of the trading community and built a superb reputation that underscores its dominance in the public sector services. Besides, Tradelink also offers a wide range of value-added services such as issue of digital certificate for secured online transmission. It offers a unique range of customer support solutions, designed specifically to help customers gain maximum benefits from e-commerce. It makes the use of electronic services as affordable, convenient and user-friendly as possible for its customers. Tradelink has an unusually strong shareholder background. Its shareholders include the Hong Kong SAR Government and many reputable private sector shareholders.