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UFIDA and CPCNet announce "Vision Asia Alliance" in Asia Pacific

Collaboration between UFIDA and CPCNet to help forge closer links to North Asia for MNCs and Japanese companies with presence in Asia Pacific


Hong Kong, 28 October 2005 -- UFIDA Software Co. Ltd. (SHSE: 600588) has formed a strategic alliance with CPCNet, a CITIC Pacific company (SEHK: 267), to deliver services that will make it easier for companies with presence in Asia Pacific to manage their enterprise resources across Asia, including Greater China and Japan.

Under the "Vision Asia Alliance", both companies will deliver Asia Pacific's first enterprise solution that fully connects global businesses to China and Japan. This integrated enterprise service includes CPCNet's network infrastructure services and UFIDA's ERP software, designed to meet regional demand for multi-site ERP solutions.

CPCNet and UFIDA will capitalize their Hong Kong presence to facilitate more efficient coordination between both companies, with UFIDA recently making Hong Kong its Asia Pacific headquarters (except Japan). In addition, both companies will maximize their deep understanding of the Mainland China market to provide greater value and service differentiation to MNCs and Japanese companies operating in China.


Immediate benefits will include real-time financial and logistics interfaces to China and Japan operations, as well as providing highly reliable private networks, with sophisticated high-bandwidth connectivity options to corporation branching out into China. In addition, new remote office capabilities such as video-conferencing and remote access will be available from anywhere within Asia Pacific.


Both companies will invest significant resources in this partnership as well as train a designated team of employees from both sides to offer pre-sales and post-sales support for the service offering.

Starting in 2006, UFIDA plans to invest more than RMB$10 million in the Asia Pacific region. "Our long-term objective is to build a world-class organization, and we perceive that the global knowledge base of Asia Pacific's IT firms and talent pool can help us advance in this direction."
"Asia Pacific's advantages, when supported by a world-class communication infrastructure form the key to building a successful regional or global business today," said Mr. Stephen Ho, CEO of CPCNet Hong Kong Ltd. "As part of our investment in this partnership to support those companies, CPCNet has invested in Asia Pacific by setting up offices and Points of Presence (POPs) in Greater China, Singapore and Japan, which helps to provide better quality of network performance and customer services. Moving forward, we plan to increase our regional investment by establishing new POP's in strategic locations and expanding our range of solutions."

With their combined regional and vertical expertise, both companies are well positioned to meet client needs for quick and secure remote access to ERP solutions wherever they may be. In particular, Japanese customers will be among the first to enjoy the advantages of the full enterprise package.

About UFIDA UFIDA Co. Ltd., one of the leading providers of management software solutions in Asia, is recognized as an outstanding software company producing high quality products and professional services to a vast customer base of over 400,000 in China and the Asia Pacific region.

Focused on the global market, UFIDA delivers a wide range of management software products covering accounting, ERP, SCM, CRM, HR and other vertical industry solutions such as e-government, finance, and asset management. Recognized as the No.1 provider of management solutions in China over the past five years, UFIDA is a holder of ISO9002 certification and one of the six China companies to obtain CMM Level 5 certification.

Based in Beijing and listed in the Shanghai Stock Exchange (SSE: 600588), UFIDA manages over 60 branches and offices in the China mainland, Hong Kong SAR and Japan with regional headquarters located in Hong Kong.
About CPCNet Hong Kong Limited (www.CPCNet.com)
CPCNet Hong Kong Limited, a wholly owned subsidiary of CITIC Pacific (SEHK: 267), is a communications and network solution provider headquartered in Hong Kong. A preferred partner by multinational corporations (MNCs) and business enterprises requiring seamless connection to Greater China and Asia from different parts of the world, CPCNet is set apart for its breadth of knowledge in the China market.

CPCNet has been awarded the ISO 9001:2000 Certification issued by DNV under the United Kingdom Accreditation Service (UKAS). The certification further recognized the company's commitment to the implementation of quality management principles in its delivery of network solutions.


By owning and managing the state-of-the-art and fully meshed network, CPCNet offers TrueCONNECTTM, an advanced MPLS-based IP VPN service, and a whole range of communications products and services including GlobalCONNECT, global data services; AlwaysCONNECT, high availability mission critical connection solutions and the Secure-In-One, multiple function managed security service; along with an array of other IP-related applications and services. For more information about CPCNet, please visit www.CPCNet.com.


About CITIC Pacific Limited
CITIC Pacific Limited' focuses on infrastructure development (power generation, civil facilities, aviation and telecommunications) in Hong Kong and Mainland China. The Company is also involved in motor and consumer products marketing and distribution through its wholly owned subsidiaries Dah Chong Hong and Sims Trading. The Company also develops, owns and manages properties in Hong Kong and Shanghai. The Company's philosophy is strong business and geographic focus, active management, creating shareholder value and excellent corporate governance.

Media Contact:

UFIDA Software Co., Ltd
Steve Sun
Tel: (852) 2122 9886
Email: steve@ufida.com.hk

CPCNet Hong Kong Limited
Mahlon Campbell
Tel: (852) 2170 7536
Email: mahlon.campbell@CPCNet.com

Shout Waggener Edstrom
Fina Wong
Tel: (852) 2578 2834
Email: fina@shoutasia.com

Reen Leung
Tel: (852) 2578 2894
Email: reen@shoutasia.com


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