Press Release

Hsin-chu Science Park, Taiwan, Aug 14, 2002

Polytronics’ application for offering of securities to Taiwan ’s OTC market has been approved by the OSE.

Polytronics Technology Corporation (PTTC) submitted its application to the OSE (Over-the-Counter Securities Exchange) for going public in Taiwan ’s EOTC (Emerging Over-the-Counter) markets on June 21, 2002 .  The application to offer securities to OTC markets was submitted one week later on June 28.  On August 12, the OSE committee finally approved the application of initial public offering, and Polytronics stocks are expected to begin trading on OTC markets in the fourth quarter of this year.

Ever since its establishment, Polytronics has continually been developing products of excellent quality to satisfy its customers' needs.  Meanwhile, the company has also been working hard to put the company's financial and management system in good condition for going public in the OTC markets.  The OSE committee’s approval of PTTC’s application not only validates the company’s professional image and systematic company governance, but also enables the company to make an initial public stock offering.  The company will benefit from this milestone; it increases the company’s opportunities to collect more capital on OTC markets.  Polytronics will by all means continue recruiting more professional employees, offering the best possible service to its customers, and returning the greatest interest to all its shareholders.

Polytronics, located in the Hsin-chu Science-based Industrial Park, is the first PTC manufacturer in Taiwan .  Led by the expertise of several polymer science Ph.Ds trained in the US , Polytronics is rapidly evolving its ability to perform R&D on, design, and mass produce resettable fuses.  Polytronics is certified by ISO9001/QS9000/TL9000 and ISO14000 and its products have received approval from UL/CSA/TUV.  Its capacity for innovation even in the highly competitive international market has been proved by many patents granted in ROC , US , PRC, Japan , Germany and France .  Due to its prominence in the areas of low power consumption, resettability, reliability, and cost effectiveness, Polytronics' products have already been widely accepted by the industry.  For further information and service, please visit our website at www.pttc.com.tw or contact Andrew Liu, 886-3-5643931 ext.204, or email to sales@pttc.com.tw