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DFCTF DF China Technology is Developing Advanced Applications for its MoNet Technology
PR Newswire - January 20, 2005 8:51 AM (EDT)

HONG KONG, Jan 20, 2005 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- DF China Technology Inc. (OTC Bulletin Board: DFCTF; "the Company"), a leading provider of information technology solutions for the logistics and supply chain management industry in China and Hong Kong, announced today an engagement in a pilot test of its MoNet technology developed by its wholly-owned subsidiary DiChain Sky Digital Co. Ltd. ("Sky Digital"). The Company's MoNet application utilizes a proprietary K-Java-based mobile internet browser to create an independent mobile network for exchange of information via mobile phones. The state-of-art wireless communications technology allows mobile phone users to browse the internet and connect with other users to exchange digital content and other information. The Company and Sky Digital are currently applying this technology in a logistics project on a trial basis.

The Executive Vice President of the Company Dr. Wayne Wang said, "The technology seems to be the very first to market and could be huge in many applications. Particularly in China, there are approximately 30 million people that use the internet and almost 300 million people using mobile phones. In light of this, our MoNet technology holds a promise to bring many applications to mobile phones and transform these devices to sort of internet laptops."

Sky Digital was one of the subsidiaries of China Merchants DiChain Group, and has been acquired by the Company recently. Sky Digital has been developing a K-Java technology middle-ware in mobile phone gaming applications for years. Having acquired Sky Digital, the Company has adopted the MoNet technology and is applying it to logistics operations.

About DF China Technology Inc.

DF China Technology Inc. (http://www.DiChainChinaTech.com), headquartered in Hong Kong, with operational offices located in Shenzhen, China and six other major cities throughout PRC, designs, manufactures and sells customizable software and hardware systems, which integrate GIS (Geographic Information System), GPS (Global Positioning System), as well as Wireless and Web technologies into a proprietary application platform. The Company's subsidiary, DiChain Software, was recognized as one of the leading IT solution providers in logistics and supply chain management in China in 2002 and 2003 by International Data Corporation, a world leading IT consulting firm, and named the "Best Value Added Reseller" by its strategic industry partner IBM Corp. in 2003. DiChain Software has strategic alliances with some of the world's largest companies, including IBM, GE, Oracle, Hewlett Packard, ILOG, DELL, Motorola, and China Mobile.

The Company's leading industry position is further leveraged by its relationship to China Merchants DiChain Holdings Ltd, the Company's major shareholder who is a reputable member of China Merchants Group, one of the top 50 national enterprises in the PRC with over $30 billion assets under its management.

As of September 30, 2004, there were approximately 250.6 million shares of DFCTF Common Shares outstanding.

In the future, the Company aims to become one of the leading Chinese technology companies by investing its resources into computer, wireless and internet related information technologies. The Company recently announced it is changing its name soon to "China Technology Global Corporation."

Forward-Looking Statement Disclosure

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. The Company's actual results could differ from such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact:

DF China Technology Inc.
Leon Zhou, CFO, EVP
Tel: [phone]
Email: [e-mail]
Investor Relations Division
Email: [e-mail]


Alan Stone & Company, LLC
Alan Stone, Managing Director
Tel: [phone]
Email: [e-mail]
Rand Brenner, Associate
Tel: [phone]
Email: [e-mail]
David Kaplan, Associate
Tel: [phone]
Email: [e-mail]

SOURCE DF China Technology Inc.

Leon Zhou, CFO, EVP of DF China Technology Inc., [phone],
[e-mail], or Investor Relations Division, [e-mail]; or
Alan Stone, Managing Director, [phone], [e-mail], or Rand
Brenner, Associate, [phone], [e-mail], or David Kaplan,
Associate, [phone], [e-mail], all of Alan Stone &
Company, LLC, for DF China Technology Inc.

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