(Hong Kong – 21 February 2005) – Leading flat panel display integrated circuit (“IC”) solution provider Solomon Systech Limited (“Solomon Systech”) announced today new appointments of two distributors for the company’s continuous expansion of its distribution channels:

1. World Peace Industrial Co., Ltd. (“World Peace Group”, “WPG”), the #1 distributor in Asia Pacific, to cover Solomon Systech’s business in Asia Pacific, starting from Hong Kong, PRC and Taiwan initially. 

2. S.A.S. Electronic Company Limited (“S.A.S.”) to cover Hong Kong and PRC for the sales of Solomon Systech’s upcoming new products such as the Mobile TFT, Graphic Controllers and Melody chips.
    

The 2 companies are both top tier distributors with extensive branches across the regions and very strong regional sales teams. The movement is one of the Groups’ strategies to align its continuous business growth. Commenting on the expansion, Solomon Systech’s Sales Director, Mr. H.H. Huang, said, “We are very pleased to have new partnerships with WPG and S.A.S. As the Asian semiconductor industry is having a stronger upswing with the huge IC demand from the China market, we are working ahead to strengthen our presence and business in the region and in particular to extend our sales coverage within the Greater China area.”

With a consistent up trend in the past three to four years, China has been dubbed the fastest growing semiconductor economy in the world today, the world’s single largest mobile phone market, the second largest PC market and one of the top three economies with the largest electronics consumption globally.

Mr. Huang continued, “Through this expansion, Solomon Systech will benefit from the two distributors’ superb distribution experience, their advantages in localization and their solid relationship with a huge customer base. This will be our strongest team ever and I am looking forward to a prosperous year in 2005 and beyond.”