[For Immediate Release]
BEA Group’s Tricor Services Selectsed
Excel Technology To DevelopFor Advanced Share
Registration System
[April 7, 2003 Hong Kong] Excel
Technology International Holdings Limited [stock code: 8048] today announces
that its wholly-owned subsidiary Excel Technology International (Hong Kong)
Limited (“Excel Technology”) has entered into an agreement
to develop the Share Registration System (“SRS”) for Tricor Services Limited (“Tricor”),
a member of The Bank of East Asia (BEA) Group (the “BEA Group”), and the largest provider of business,
corporate and investor services in Hong Kong.
The
new SRS is a multi-registrar system, which will support the share registration business of all member
registrars within the Tricor organization. SRS is an integrated system,
developed with many advanced features including internet Internet access, workflow
processing and imaging capability, supporting both front-office and back-office
operations, ranging from share transfer to IPO processing. In addition to supporting the current
business model, the design of SRS also takes into account future expansion, such
as the upcoming scripless model.
Mr. Alan Collins, Chief Executive of Tricor Dr. David K. P. Li, Chairman Mr. XXXX, the XXXX of Tricor Services
Limited, said: “Being the largest provider of business, corporate and
investors services in Hong Kong, Tricor
is dedicated to providing e investors, shareholders
of our client companies, with the highest bestquality of investor services. Our corporate services supportfacilitate the
establishment by international multinational and local clients of business entities in Hong
Kong ,and Greater China, enabling them to manage efficiently in the areas of business commencement, corporate
governance and compliance and all premier jurisdictions
around the world within an efficient time frame. Our expertise professional services allowshelp release ourallow
clients’ time and efforts to be released from inmanaging non-core function bby o tooutsourcing such operations to us, and hence, and enables them to concentratefocus on on the development of concentrate on their
core businesses. With As thethe
scripless model soon to be
introducedwill soon be in placannounced, we
are pleased to have commissioned
Excel as our trusted technology provider, to implement this sophisticated
system with maximum efficiency, adaptability and security, to support
our business strategy and to better serve our clients and their its
shareholders.”
Ms. Peggy Chan, Chairman &
CEO of Excel Technology said, “It
has always been Excel’s desire to use its solid business
experience and domain knowledge to develop reliable and innovative IT solutions
to meet our client’s business needs and to support
their growth. Today, we are very happy
to team up with Tricor, a
professional service provider which who fully
understandss the market trend, and equips itself with
the right solutions to deliver
even more efficient, quality and value-added services to itstheir
clients.”
-end-