Hong Kong – March 7, 2007 - SAP, the world's leading provider of business software solutions, today announced that SAP ERP has been chosen by Giant Wireless Technology Limited (SGX: GWTL), a leading electronics manufacturing service provider and a subsidiary of Elite Industrial Holdings, to raise company efficiency and meet future expansion needs. Phase I of the project is expected to be completed by November, 2007.

The ERP solution will be implemented in both Giant's Hong Kong office and its plants in Shenzhen, China. The decision was made to achieve seamless business processes, quality and timely business decisions, better customer satisfaction, as well as financial and cost accounting control and management.

"We are impressed by SAP's track record, its expertise and experience in bringing the best practice to manufacturing sectors," said Jimmy Liu, executive director of Giant Wireless Technology. "We look forward to the successful deployment of our ERP system, and to establishing and maintaining a mutually beneficial partnership with SAP."

Giant invested in this project covering both hardware and software. Modules from SAP include financial & cost accounting management, customer relationship management, supplier relationship management, supply chain management and product lifecycle management.

"One of our missions is to bring the best practices to various industries to help companies grow its business while enjoying better efficiency and productivity," said Lee Boon Lee, chief operating officer, SAP North Asia. "We are delighted about this partnership with Giant and believe our solution can help raise Giant's competitiveness in the rapidly-changing business environment."

About Elite Industrial Holdings
Elite Industrial Holdings Ltd was established in 1978. It is a large conglomerate with the following subsidiaries:

Elite Precision Machinery Co., Ltd.

Elite Business Machines Manufacturing Co., Ltd.

Elite Engineering (International) Co., Ltd.

Elite Mechanical Products Ltd.

Elite Electronics Instruments Ltd.

Giant Wireless Technology Ltd.

Giant Electronics Ltd.

Giant Telecom Ltd.

Congo Industries Ltd.

Olympia International Holdings Ltd.

Elite Group is engaged in machinery, electronics, telecommunications, precision machines, business machines & other high technology products. Majority of Elite's products are exported all over the world through its distribution network and its customers include reputable multi-national organizations. Elite Group has its headquarters in Hong Kong, expansive production facilities in China and R&D centers in United States, Canada, Singapore, Hong Kong, Shanghai and Shenzhen. Some of Elite products are holding the leading positions in the global market. Throughout these years, Elite Group has earned quality management accreditation, ISO certification and different awards granted by various authorities & organizations. Elite is being ranked the 23rd amongst the Global Top 100 Electronic Manufacturing Service Providers.