As an authorised value-added reseller of self-service ATM systems of NCR (Hong Kong) Limited (“NCR”) and related applications software for commercial banks in China, the Group is fully committed itself as a reliable and reputable vendor and a Total Solution Provider for self-service ATM systems. With China’s entry into the World Trade Organisation (“WTO”), more banks and postal bureaus in the PRC will need to offer additional services and expand their branch networks to compete with international facilities in order to operate in the market. They have to gear up to improve their information technology infrastructure and operating efficiency, so as to consolidate and strengthen their respective market standing. The Group believes that demand for the implementation of self-service ATM systems will continue to grow in China, especially with China’s fast economic growth.

New contracts had been signed with the Bank of Communication, Commercial Bank, Shanghai Pudong Development Bank and postal bureaus during the financial year ended 31 March, 2005. By having ATM service centers already established in major cities in China including Ningbo, Guangxi, Hainan, Kunming, Hangzhou, Jinan, Chuanzhou, Guangzhou, Shanghai, Beijing, Chengdu, Shenyang, Qingdao, Zhengzhou, Wenzhou, Nanjing,
Hefei, Xian, Chongqing, Fuzhou, Wuxi, Tianjin, and Shenzhen, and new ATM service centers opened up in Nan Chang, Yantai, Sanming, Suzhou, Dalian and Zhuhai during the year, the network of ATM services was strategically recreated and the Group has ATM service centers to cover a total of 29 strategic cities and locations currently.