¡¡¡¡Guangzhou, July 7, 2007£­Vanguard Technology announced today that Guangzhou Kingfa SCI. & Tech. Co., Ltd., stock code 600143, has selected Vanguard¡¯s eHRsoft2000 to set up a high efficiency eHR management platform, to optimize its manpower capital stratagem.

¡¡¡¡Established in 1937, Guangzhou Kingfa SCI. & Tech. Co., Ltd. is one of 5 largest modified plastics manufacturers in the world, 4 facilities in China, with production capacity up to 1billion pounds (450,000MT) per year. From October 2006, a new huge Kingfa City (Phase 1) is being built in Guangzhou. The new Kingfa City (Phase 1), total 400,000m2 of lot size, is expected to begin her first production in Feb. 2007 and finish all of the construction in year 2010. With Kingfa Shanghai and the new Kingfa City, Kingfa will be the largestmodified plastics resins manufacturer in the world, which has a production capacity of 1,000,000mts per year.

¡¡¡¡Kingfa is a company that pays attention to innovating technology, attracts high-tech person work for it through prompting policy such as annual salary, share stock, training and so on. So, Kingfa wants to improve its core competition ability across the IT technology, builds up a human resource information management platform. After a series of compare and evaluation, Kingfa selected Vanguard as its partner to set up their own eHR management system. In this case, Vanguard provided eHRsoft2000 V8.0standard products. We expect that the system will help Kingfa to improve its HR management efficiency, cut down the workload, increase HR management level and employee¡¯s satisfaction.

¡¡¡¡Kingfa excited to choose Vanguard as its core partner and work with such a talented and focused management team. Vanguard will devote our energy and passion to grow the partners into one of the leaders in the industry, not only in China, but on a global scale, through our consulting service, outstanding conformity ability, totally solutions and strong technical skills, professional eHR experiences.

About Vanguard Technology
¡¡¡¡ Vanguard is a leading and the most-trusted solution and service provider for HR management in China. Our products and services include: HRMS software, attendance system and enterprise recruitment website development, etc. Today,more than three handred companies of different industries rely on Vanguard's HRMS to conduct their HR management work on a daily basis. These companies include GE Medical, Coca Cola, Ford, DHL, Lafarge, Danfoss,Toyota, Mazda, Ely Lilly, Johnson Controls, Kerry EAS, NEC, Ernst &Young, CITICS, China Telecom, Cummins, Sina.com, Shanda, etc. Vanguard always pursues technology innovation and perfection. We uphold the principle of "Customer First" in project implementation and management through our quality products and professional services. We are your best working partner for enterprise eHR establishment and development.