Hong Kong, June 6, 2002 - Banking and telecoms systems integrator and enabler Technology Venture Holdings Limited (SEHK: 61) today announces that the company has agreed to purchase a further 10% of the issued share capital of DMX Technologies for a consideration of HK$28,080,000. TVH acquired approximately 51% of the issued share capital of DMX (then Skynet Consultants Company Limited) on November 28, 2000. Upon completion of this transaction, TVH will hold 61% interests in DMX.

The consideration is to be satisfied by the allotment and issue of 49,964,413 consideration shares, at an issue price of HK$0.562, representing approximately 11.04% of the issued share capital of the Company, or approximately 9.94% of the enlarged issued share capital. The issue price of HK$0.562 represents a discount of approximately 1.2% to the average closing price of HK$0.569 for the last 10 trading days and a premium of approximately 0.4% over the closing price of HK$0.56 as at the date of the agreement.

The Company is actively exploring the feasibility of and has been carrying out steps in relation to the proposed spin-off and the proposed listing of DMX, including the appointment of a sponsor and auditors. However, no specific terms and timing have been finalised on the proposed Spin-off and the proposed Listing. In the event that the proposed spin-off or the proposed listing do not materialise, the Company intends to continue to hold the shares in DMX as a long-term investment.

The DMX Group commenced its business in November 1999 and is a computer systems integrator principally engaged in the provision of networking, Internet security, e-commerce and web based television solutions in Hong Kong, the PRC and certain other countries in Asia.

As at December 31, 2001, the net assets of the DMX Group, based on its audited accounts for the 18 months ended December 31, 2001, amounted to HK$99,651,065. Based on the 2001 audited accounts, the DMX Group recorded a net profit before taxation of approximately HK$13,824,302 and a profit after tax of approximately HK$11,112,388 for the 18 months ended December 31, 2001.

TVH is principally engaged in investment holding with its subsidiaries principally engaged in the provision of systems integration services, software development and the provision of other information technology services and is well-complemented by the DMX Group's business, particularly in the PRC and certain other countries in Asia.

The acquisition is expected to further enable the Group to capture the potential capital appreciation of the DMX Group and is also expected to enhance the DMX Group's strategic value to the Group.

Further, as a consequence of the proposed listing, the Group's interest in the DMX Group will be diluted and the acquisition is also made to top up the Group's diluted interest in the DMX Group as a result of the proposed listing.

Application has been made to the Hong Kong Stock Exchange for the resumption of trading in the Company's shares at 9:30 a.m. on June 7, 2002.

About TVH
Technology Venture Holdings Limited (TVH, SEHK: 61) is an information technology enabler focusing its systems-integration and software competencies on the banking, finance and telecoms sectors. It aspires to be a catalyst to facilitate the development of digital Asia by serving as a value-added bridge of advanced technology from developed economies and e-solutions demands among enterprises in Asia. Through continued expansion, acquisition and investments, TVH now operates one of the largest banking and finance systems-integration teams in China, and participates in Internet networking and satellite communications operations in Asia. It has four flagship business units, including Sequent China, Topasia, ADT and DMX Technologies.

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Technology Venture Holdings Limited

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