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Orange and Skynet unveils exclusive
interactive financial and encyclopedic services on WAP

Orange and Skynet have joined forces to provide interactive and comprehensive financial services of Skynet's websites. Exclusive to Orange, the partnership enables WAP phone users to enjoy Skynet's rich content and advanced computing features on its, and websites.

Skynet is one of the most comprehensive and diversified Internet content providers in Hong Kong. Its websites have an average combined page view of over 18 million every day. With Orange's high-quality network and advanced WAP applications, Orange users can access the hottest financial and business news, horse-racing and Mark Six services, as well as a broad selection of encyclopedic services anytime, anywhere.

Stock Quotes on Demand

Skynet provides a wide variety of financial services to Orange WAP users, allowing them to stay at the forefront of the financial market. Services include local and international financial news, the latest stock quotes, stock analysis and reports, gold and silver trading news, as well as trends for foreign exchange. In addition, most of the financial news includes comments from Stephen Shiu, the renowned political and economic analyst.

Through Orange's WAP services, users can get interactive financial information and services from Skynet's websites with the touch of a few buttons. Through the "Stock Quotes on Demand" service, registered users can select five stocks each time for regular price updates and stock analysis.

Interactive Horse Racing

Skynet's interactive horse racing service is a breakthrough to the traditional horse racing news. The interactive services not only include racing tips from famous critics, detailed analysis and the latest racing news, but also an advanced computing feature that helps users to calculate winning possibilities. Through the interactive search function, users can retrieve track records of any jockeys, trainers and horses.

In addition, Orange users can participate in the "Interactive Racing Game" through their WAP handsets. Registered users will be allocated certain amount of scores for betting on each race. Winners are eligible for multitude of prizes.

Diversified Infotainment Services

Orange WAP users can also access a wide range of encyclopedic services from Skynet's websites. These include fortune-telling from Wong Tai Sin, Mark Six predictions and probability calculations, property news, entertainment news, computer games, sports, fashion, movies, travel, music and other lifestyle content.

"We are excited to work exclusively with Skynet, enabling Orange WAP users to enjoy the interactive and diversified content and services available on the well-received Skynet websites," said Stephen Ngan, Deputy Managing Director and Sales & Marketing Director (Wireless) of Hutchison Telecom. "We are committed to providing richer and broader content and services to meet every subscriber's needs, and this partnership enables Orange to offer highly localized services to customers. We will continue rolling out innovative WAP content and services in the near further, driving the demand of mobile Internet in Hong Kong."

"As one of the world's largest Chinese Internet content providers, Skynet is devoted to offer more advanced and diversified interactive content to users," said Stephen Shiu, Chairman of Skynet Limited. "In addition to hot news, financial news, horse-racing and infotainment services, we are planning to introduce more functions that meet the needs of local users, including the yet-to-be-announced electronic map."

"With Hutchison Telecom's over 1.4 million customer base and Skynet's average combined page view of over 18 million each day, we believe the new services announced today will create huge business opportunities and sizeable revenues for Skynet," Shiu added.

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* Skynet Limited is a subsidiary of Skynet (International Group) Holdings Limited (Stock code: 577).

For more information, please contact:

Ms. Frances Ng
Hutchison Telecommunications (Hong Kong) Limited
Tel: 2128 6739         Fax: 2123 1257

Ms. Joyce Lam
Skynet Limited
Tel: 2831 5848         Fax: 2107 1704