November 20, 2002

Immediate Release]


Appointment of Mr. KOH Chi Kian, Kenneth As

The Managing Director of Excelink Technology Pte Ltd


[November 20, 2002 Hong Kong] Excel Technology International Holdings Limited ("Excel", together with its subsidiaries, the "Group"; stock code 8048) is pleased to announce that Mr. KOH Chi Kian, Kenneth is appointed as the Managing Director of Excelink Technology Pte Ltd, a wholly owned subsidiary of Excel Technology in Singapore, with effect from November 2002.


Mr. Koh, age 39, has more than 10 years of experience in investment management and financial advisory businesses in Singapore. He was the Head, Investment Product Development for Unit Trusts and Deposits with CitiBank NA and Head, Investment Services with UOB in Singapore. He has been instrumental in launching UOB's financial planning platform as well as extending the Bank's leadership position in unit trust distribution and bancassurance. Mr. Koh is a Chartered Financial Analyst and holds a Master of Business Administration degree from the National University of Singapore and a degree in Veterinary Medicine from France.


With a cross-disciplinary background in technology, finance and consumer marketing, the appointment of Mr. Koh allows him to build on the strengths of the company in providing quality business applications, enterprise software and financial technology to the banking and finance sector in the region.


"Singapore, being the regional hub of Southeast Asia, is one of the key offices of the Group. We are delighted to have Kenneth lead the Singapore office as a local Singaporean with entrenched business network and deep domain knowledge in the financial sector. We are confident that Excelink will grow to be a major financial technology provider under Kenneth's leadership", said Ms. Peggy Chan, the Chairman and CEO of Excel Technology International Holdings Limited.


The Excel Technology Group has offices in Hong Kong, Beijing, Shanghai, Guangzhou, Shenzhen and Singapore and is backed by a strong team of management, shareholders and investors, including Cheung Kong (Holdings) Limited, Singapore's United Overseas Bank and a leading US private-equity investor, ChinaVest Ltd.


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