[April 29, 2002 Hong Kong] Excel Technology International Holdings Limited (stock code: 8048) is pleased to announce that its China subsidiary Excelsolution Technology Limited ("Excel Technology") has signed an agreement with the leading securities company in China, Guosen Securities Co., Ltd., ("Guosen") to develop the enterprise securities trading system ("InterTrade") in China.
According to the agreement, Excel Technology will provide the state-of-the-art integrated enterprise securities trading system to Guosen. The fully integrated enterprise securities trading system is the new and advanced securities trading processing system designed to enable securities companies of all sizes to centrally manage their de-centralized sales departments' activities throughout mainland China effectively and efficiently, in respect to account management, securities trading, and order management. The new system supports 7X24 services, multi-market, multi-product and multi-service including stock brokers, fund managers, asset portfolio management and investment banking.
As one of the top successful securities companies in Mainland China, Guosen clearly knows the key to stay competitive in this increasingly competitive market. By coupling with this innovative securities system developed by Excel Technology, Guosen can deliver comprehensive yet efficient service to its customers; offer new services and products according to diverse market needs; strengthen centralized management; lower risk management and operating cost, hence it greatly enhances the core competitiveness of Guosen. The agreement also represents the long-term cooperation and support in both technology and business development between Guosen and Excel Technology.
Mr. Liao Ya Bin, Chief Technology Officer of Guosen, said, "The market demands this advanced and reliable securities trading system which uses "open-system" architecture as the development platform. By choosing Excel Technology as our partner, we can tap the best technology and team up with a reliable and innovative e-solution provider who has solid business experience, domain knowledge, and provides reliable yet innovative IT products and services to meet our business needs and to support our growth."
Peggy Chan, Chairman and CEO of Excel Technology, commented, "Securities and finance industries have long been one of the Group's focus of development and a sector where we outperform our peers. Prestigious financial institutions in mainland China choose our products for their efficiency, adaptability, and security. With the increasingly competitive environment in the mainland securities industry, our enterprise securities trading system will be in keener demand than ever. This represents an excellent opportunity for Excel Technology to expand its business in China, both in breadth and in depth. Guosen is one of the most progressive securities companies in developing online securities trading business in China and we are very happy to team up with a company which shares our vision."
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