Thiz Tech in cooperation for online DVD

Thiz Technology Group Limited (8119) announced that it agreed to cooperate with Shenzhen Fenghua Telecom Company Limited as well as Well Communication Corporation to promote online DVD players using Thiz Linus Chinese software. Pursuant to the agreement, Shenzhen Fenghua Telecom will be responsible for the distribution network, Well Communication for manufacturing and the company for technology provision. Albert Li, Chairman of Thiz Technology, said that the players will be launched by late 2001 or early 2002; and the selling price will be approximately RMB1,000 each.

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