Founder Holdings Limited

(Hong Kong - October 11, 2000) One of China's leading IT giants, Founder Holdings Limited today announced that Founder Inc., its Japanese subsidiary is to receive a total investment of 146.32 million yen from Mitsubishi Corporation, a world renowned trading tycoon, together with Millennia Venture Partners Co., Ltd., Mitsubishi's 100%-owned venture-capital subsidiary (Mitsubishi: 47.2 million; Millennia: 99.12 million). A joint press conference was held in Tokyo on October 6th by Founder Inc. and Mitsubishi Corp.. This is a second-time important financing move taken by Founder Holdings after Founder's introducing Softbank Finance Corporation's 1.064 billion investment not so long ago. On the press conference, Mitsubishi Corp. indicated that there were plans to inject more capital into Founder (Japan) Inc. later this year.

Like that from Softbank, the strategic investment from Mitsubishi has again significant impact on Founder Holdings' further development, especially that of Founder (Japan) Inc.. First of all, it signifies the recognition from Mitsubishi of Founder's progress in product development and market penetration achieved over the past four years, as well as the future business plans raised by Founder (Japan) Inc. This demonstrates that strategies adopted by Founder (Japan) Inc. - taking advantage of Founder's technological strength and focusing on areas such as commercial printing, newspaper solutions, database information publishing and online self-service printing - do answer the need of the Japanese market and it looks to have great future prosperity. Second, the investment from Mitsubishi provides Founder (Japan) Inc. with more capital to fuel its further development, especially to support its new product/technology R&D. Third, the very investment act from Mitsubishi, a renowned transnational trading enterprise, is sure to greatly increase the market credibility of Founder Inc. on the Japanese market, at the same time, help Founder (Japan) Inc. further promote its international status.

Founder (Japan) Inc.'s excellent cooperative relationship with Mitsubishi Corporation started when it began selling systems to large-scale newspaper houses. Such relations have been maintained ever since. Mitsubishi Corporation's investment in Founder (Japan) Inc. is bound to strengthen good relations between the two companies, as well as promote further cooperation between the two especially in many IT areas, including (for example) Founder Japan-developed newspaper and distribution industries catering systems. Meanwhile, the two companies are going to discuss further on how to better take advantage of Founder innovative technologies so as to develop mutual markets.

President of Founder (Japan) Inc., Mr Guan Xiang-hong (Kan Shoukou in Japanese) expressed great delight at Mitsubishi's investment. "Through efficient use of this capital investment, we are going to increase input in our R&D department and then turn out more in-demand media products for both Japanese and International markets. Same time, we hope that, amidst the Japanese and International distribution network, Mitsubishi could provide excellent environment for our further development", he said.

"In order to develop more in-demand media products for both Japanese and International markets, Founder (Japan) Inc. has so far established R&D centers in four cities, namely, Beijing, Wuhan, Zhuhai and Toronto" , he went on, "We have already taken on 120 R&D staff and we plan to recruit more by the end of this year".

When asked about their cooperation with United Daily News Group of Taiwan in providing information services, President Guan explained that the same services will to provided in the Chinese Mainland.

About Mitsubishi

Mitsubishi Corporation was established in 1950, currently having registered capital of 127 billion yen, holding a total of 77 subsidiaries in Japan, or 117 subsidiaries throughout the world, as well as acting as the local legal entity of 74 companies. With a staff of over 10,000 (at home and abroad), Mitsubishi Corp. is a core enterprise of Mitsubishi Group. Besides dealing in trading, import and export in all kinds of commodities, such as fuel, metal, machinery, chemical material, living material, the Corporation provides services in all industries, such as information, telecommunication, banking and distribution. The Corporation also invests worldwide, and is one of the world's most reputable trading giants.

About Founder Holdings

Founder Holdings Limited is an SEHK-listed (SEHKL: 418) subsidiary of Peking University Founder Group, with its major subsidiaries including Beijing Founder Electronics, EC-Founder, Founder Order, Founder Japan and Founder overseas. Its main business scope is now redefined as providing trans-media products/services, total solutions and system integration for its Internet-age clients. Headquartering in Hong Kong, leaning on its technological advantages in Chinese character and related language digitalisation and publishing, the Company is determined to expand further on the international market.

For Further Information Please Contact:

Founder Holdings Limited
Cindy Cheung
[email protected]
tel: 852.2611.4124
fax: 852.2611.4117

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