Singapore share market update :

SINOTEL CLINCHES NEW ORDER FROM CHINA UNICOM TO DEVELOP NETWORK OPTIMIZATION & BUSINESS ANALYSIS SYSTEM WORTH RMB32.8 MILLION

Singapore, 16 January, 2009 - Singapore Exchange (SGX) mainboard-listed Sinotel Technologies Limited ("Sinotel" or the "Group"), an innovator in the provision of wireless telecommunications infrastructure and solutions in the PRC, is pleased to announce that it has won the bidding for the development of a Network Optimization & Business Analysis System for China Unicom in 6 major locations, i.e. Beijing(北京), Jiangsu(江苏), Chongqing(重庆), Guangxi(广西), Hebei(河北) and Shanxi(陕西). The contract is worth a total of RMB32.8million.

The technology is a proprietary solution offered by Sinotel that will enable China Unicom to record and monitor signal strengths emitted by individual base stations. The advancement is intended to assist China Unicom to monitor and improve network coverage so that users will enjoy higher signal strength, area coverage and more consistent data transfer speeds.

Said Mr Jia Yue Ting ("贾跃亭"), Executive Chairman of Sinotel, "The Group is pleased to have won the bidding to develop this proprietary software for our partner China Unicom.

In China, the reliability and availability of network signal has always been a mobile user's top consideration when deciding on their carrier of choice. In the dawn of preparing for a 3G roll out, we are likely to see a lot more emphasis made by the telcos to enhance their networks and develop similar tools to monitor and optimize signal strengths.

The recent release of 3G licenses to telcos marked the beginning of China's 3G era and the Network Optimization & Business Analysis System will further strengthen their competitiveness in this new environment."

China officially issued 3G licenses to state run carriers China Mobile, China Telecom and China Unicom on 7 January, 2009, igniting a race between the telcos to speed up 3G upgrading works and be first to secure market dominance in the world's largest population of mobile users.