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FOR IMMEDIATE RELEASE


MULTIVISION ANNOUNCES LISTING APPROVAL FROM THE SINGAPORE EXCHANGE

Singapore, 12 November 2002 - MultiVision Intelligent Surveillance Limited ("MultiVision"), one of the leading providers of digital video surveillance products and solutions, today announced that it has obtained an eligibility-to-list letter from the Singapore Exchange Securities Trading Limited (the "SGX-ST") to list its shares on the Official List of the SGX-ST.

Highlights

MultiVision intends to:

  • List on the SGX-ST subject to lodgement of the preliminary prospectus with the Monetary Authority of Singapore ("MAS"), and registration of the final prospectus by the MAS
  • Establish its presence in Singapore by setting up a regional sales and marketing office
  • Strengthen its research and development capabilities to facilitate development of new and innovative digital video surveillance products and solutions

Commenting on the SGX-ST's approval, Dennis Li, President and Chief Operations Officer of MultiVision said:

"We are delighted to have received the eligibility-to-list letter from the SGX-ST. The past year has seen a worldwide rise in demand for a broad range of security products and services as businesses become increasingly focused on minimising security related risks. Although it is not yet an established market for us, South-East Asia is one in which we are increasingly focusing our efforts."

Key projects include the New South Wales State Rail Authority in Australia, Chek Lap Kok International Airport and China Light and Power Co Ltd in Hong Kong, and Toddlerwatch/Seniorcarewatch systems in the USA.
Future Plans

MultiVision's technology is core to its future growth, which is why the company's research and development is focused on integrating leading technologies so as to develop innovative digital surveillance products and solutions that meet the evolving requirements of the various industries that they serve. In order to penetrate new markets and enhance its geographical reach, MultiVision intends to:

  • Continue to invest in advanced technology to maintain its competitive advantage
  • Penetrate the airline and mobile communications industries by:
    - interfacing its products with 2.5G and 3G technology to enable surveillance with handheld devices; and
    - providing onboard surveillance systems that allow ground-based staff to monitor activity in an aircraft
  • Explore strategic investments, joint ventures and acquisitions as possible means to expand product range and geographical reach
  • Increase sales and marketing efforts by attracting new distributors, OEMs and/or systems integrators
  • Increase revenues through the provision of maintenance and/or surveillance services

For further information contact:

MultiVision Intelligent Surveillance Limited Tel: + 852 2797 5678

Dennis Li, President and COO: dennis_li@multivision.com.hk

Gavin Anderson & Company Tel: + 65 6339 9110

Terence Foo: tfoo@gavinanderson.com.sg
Mobile: 9878-8787

Tan Ee Ching: etan@gavinanderson.com.sg
Mobile: 9795-8071

About MultiVision

MultiVision was established in 1986 and is a technology-based company principally engaged in the design, development and distribution of digital video surveillance products and solutions. The Company's products are adapted for use in a diverse range of industries including banking, residential, commercial, retail, building management, healthcare, utilities and transportation. The end-users of MultiVision's products include companies in both the private and public sectors. MultiVision is ISO9001 certified.

MultiVision's products and solutions are marketed to distributors, OEM's of surveillance products and systems integrators for integration into the security and surveillance systems of its end users. The Company's principal markets are in Australia, Hong Kong, Taiwan and the PRC. In addition, MultiVision has distributors in various countries including Ireland, Israel, Latvia, the USA, Ghana, Singapore, Malaysia, Thailand, New Zealand, Indonesia, UAE and Macau.
The MultiVision range of digital video surveillance product offers digital video recording and real time monitoring of multiple locations from a central monitoring centre through the routing of signals from various cameras to the central monitoring centre.

For further information see: www.multivision.com.hk

Management and Board of Directors

Executive Directors

Louis Mak is the Chief Executive Officer and Chief Technology Officer of MultiVision. He is responsible for the formulation and implementation of business development strategies and the management of operations. He also conceptualises and directs the development of new products and designs for end-users.

Mr Mak has over 34 years of experience in the surveillance industry, including the management of operations, sales and marketing, as well as design and development of surveillance products. From 1967 to 1972, Mr Mak was a television transmission engineer at Hong Kong Television Broadcast. He worked at Hutchison Boag Engineering from 1972 to 1978 as an electronics engineer, and was also responsible for the sales and marketing of electronics systems such as CCTV, public address and access control systems. In 1978, Mr Mak founded the UniVision Group where he held the position of Chief Executive Officer until 2000. Mr Mak holds a certificate in Television Engineering from the University of Hong Kong.

Dennis Li is the President and Chief Operations Officer of MultiVision. He oversees the sales and marketing efforts of the Group and has 30 years experience in the Information Technology industry.

From September 1977 to December 2000, Mr Li worked at Unisys Asia where he held various positions, the last being the Director of Systems and Technology, Asia. Prior to joining MultiVision in September 2001, Mr Li was the Managing Director for Asia of Quantum ATL, which undertakes the sale of automated tape libraries. Mr Li holds a Bachelor of Engineering from the University of Hong Kong.

Non-Executive Directors

Terence Luk was appointed Non-Executive Chairman in September 2002, and has over 20 years of experience in the electronics and network systems solutions industry. Mr Luk was a sales executive at Olivetti (Hong Kong) for two years from 1979. From 1981 to 1988, he worked at Conic Business Systems Limited, NCR (Hong Kong) Limited and Sperry Limited where he held the positions of Marketing Executive, Senior Accounting Manager and Sales Manager respectively. In 1986, Mr Luk joined the Unisys Group where he held various positions, including Branch Director, Chief Representative of Unisys Group's Beijing Operations, Director of the Open Systems Division, General Manager of Client/Server Systems and General Manager of Channel Operations and the Eastern China Region. During his employment with Unisys, Mr Luk received various awards from the Unisys Corporation for his sales achievements.

From 1995 to 1996, Mr Luk was the Country Manager for the PRC of Cisco Systems (HK) Ltd. In 1996, he co-founded and was subsequently appointed the Vice-Chairman of Technology Venture Holdings Limited, a company listed on the Hong Kong Stock Exchange. He is currently a Non-Executive Director of Technology Venture Holdings Limited. From 1999 to February 2002, Mr Luk also served as the chairman of ChinaCast Technology (BVI) Limited, and was responsible for the strategic direction of the group. He holds a Bachelor of Business Administration from the Chinese University of Hong Kong.

Vincent Lin was appointed Non-Executive Director and Deputy Chairman in September 2002. Since July 1997, Mr Lin has been the President of Azure International Incorporated, an American company engaged in real-estate development, venture capital and the transfer of international technology. Between August 1998 and September 1999, he held the position of American law consultant at the Formasa Transnational Law Offices in Taiwan. In August 1998, he joined Reach & Range Incorporated, a provider of Internet and network performance services in Taiwan, as its Managing Director. Since August 1998, Mr Lin has also been a director of eSkylink Telecommunications Co. Ltd, a provider of EDI/B2B solutions and services in Taiwan and the PRC. From October 1999, Mr Lin has been the Managing Director and Executive Vice-President of Goldsun Computer & Communication Co. Ltd where he is the Executive-in-Charge of the Corporate Investment and Development Division.

Mr Lin holds a Bachelor in Business Administration from Georgetown University and has a Juris Doctorate Degree from the University of California's Hasting College of the Law.

Executive Officers

Mak Tin Sang is MultiVision's Chief Financial Officer and oversees the financial, accounting and corporate secretarial matters of the Group. From July 1980 to March 1983, Mr Mak was a member of the audit staff at Touche Ross & Co and Ernst & Whinney, and then moved on to Ka Wah Bank in March 1983 and left as a senior accountant in September 1984. From September 1986 to January 1996, Mr Mak worked at Unisys China where he was the Beijing branch controller and contract and pricing manager for the company's PRC operations. From January 1996 to September 1996, Mr Mak was Sun Microsystems of California Limited's Regional Business Manager for the Hong Kong and Southern regions. From October 1996 to July 2001, Mr Mak worked at UniVision Engineering Limited where he held the positions of Group Chief Financial Officer and General Manager of Operations in the PRC. Mr Mak holds a Masters Degree in Business Administration from the University of Sheffield, UK and is a Fellow of the United Kingdom Chartered Association of Certified Accountants.

Arthur Lim is the Director of Marketing and Business Development of MultiVision. He oversees the marketing and business development programmes of the Group and has 16 years experience in the Information Technology industry.

Between December 1985 and March 2000, Mr Lim held various positions in Sperry Singapore Ltd, Unisys Corporation, Cisco Systems (HK) Limited, Sun Microsystems China Limited and Ascend Communications (HK) Limited. In April 2002, he was appointed Managing Director, Emerging Carriers, Taiwan of Lucent Technologies Asia/Pacific Limited following the acquisition by Lucent Technologies of Ascend Communications. He was the Managing Director of Indirect Sales, Taiwan when he left Lucent Technologies in October 2001. Mr Lim holds a Bachelor in Business Administration from the California State University, Los Angeles, USA.

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