COMPANY PROFILE

PIONEER INDUSTRIES INTERNATIONAL (HOLDINGS) LTD
(Name changed to PIONEER GLOBAL GROUP LIMITED on 25th May, 2000)

The Company has been listed in the Stock Exchange of Hong Kong since 1970 (stock code: 224). Its current market capitalization is about HKD 850 million (USD 110 million). The outstanding shares issued are 502 million shares. The controlling shareholder of the Company is the Gaw Family.

In late 1999, Messrs. Goodwin Gaw and Kenneth Gaw, the younger generation of the Gaw Family, began a major restructuring of the Company to meet the challenges of the New Economy by shifting its core business focus to the IT sector. The Company disposed of non-strategic assets through a partial privatization completed on 1 March 2000. On 25th May, 2000, a new name "Pioneer Global Group Limited" was introduced to better represent the new corporate focus.

The new Pioneer Global Group has also reorganized its businesses into two strategic divisions.

IT AND INTERNET BUSINESSES

Pioneer iConcepts

Pioneer iConcepts is the IT and Internet arm of Pioneer Global Group. Its mission is to develop innovative concepts into successful Internet and technology companies and to act as a bridge connecting traditional businesses to the new economy. Projects under development includes ERP systems solutions, B2B marketplace, intelligent map guide, warehouse inventory management and e-fulfillment system.

Through its fully owned subsidiaries (Golden Joy Technology Limited, Fomax Limited, and Supreme Technology & Total Solutions Associates Limited), Pioneer iConcepts is able to provide function specific services to its customers. Fomax and Supreme are the leading developer and service providers in web-based geographical information systems ("GIS"). Golden Joy is an established provider of IT help desk, call center, and consultancy services to multinational and major local manufacturing companies.
TELECOM BUSINESS

Pioneer Global Communications

Pioneer Global Communications is the telecommunications arm of Pioneer Global Group. Mr. Goodwin Gaw has a very successful record of developing and operating "TeleSites" (also known as carrier hotels) and is a market leader in the US. The Company is planning to develop the TeleSites business in the Pacific-rim region. A joint venture, Global gateway LP, is formed with Morgan Stanley Real Estate Funds to co-invest in the TeleSites business. The primary target locations of TeleSites will be gateway cities in Hong Kong, Japan, Korea, Taiwan, Singapore and Western US.
Key management of the group companies:

Pioneer Global Group: Chairman - Rossana Wang Gaw
Vice Chairman - Goodwin Gaw
Managing Director - Kenneth Gaw
Executive Director - Jane Tsui
Finance Director CFO - Alan Lee

Pioneer iConcepts: Chairman - Goodwin Gaw
Vice Chairman - Kenneth Gaw
General Manager - Agnes Ng

Global Gateway: CEO - Goodwin Gaw
President - Daniel Brown
Executive Director - Kenneth Gaw

 

Investor Relations:
Officers: Goodwin Gaw
Kenneth Gaw
Alan Lee

Tel: 2526-6068

PR consultant: Forrest International
Rosemary Sayer/Sauw Yim

Tel: 2522-6475

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© Copyright 1999-2001 Pioneer Global Group Limited.