LIONAX Wins a "TPMS" Contract for Shanghai's Bus Market

PARIS, December 19 -- LIONAX, the first Chinese company listed on Euronext, announced today that it had signed a contract with Shanghai Tuofeng Auto Parts Company to jointly supply Tire Pressure Monitoring Systems (TPMS) for buses in Shanghai.

Shanghai is the biggest city in China with a population of over 18 million. It will hold the World Exhibition in 2008 and is in negotiation to build China's first mainland Disneyland theme park, making it one of Asia's busiest transportation hubs.

In addition to safety benefits, LIONAX TPMS products can also help bus drivers save gasoline and reduce emissions by reminding drivers to keep proper tire pressure.

James Yang, Lionax CEO said: "It is a great honor to be able to supply TPMS for Shanghai, which is the leading city in China for commerce and the automotive industry. We are confident that this LIONAX product will be used in other Chinese cities in the near future."

About LIONAX

The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS) and digital pressure sensor for automotive industry. LIONAX's products help its customers to enhance safety, save money and meet regulatory requirements affordably. LIONAX makes this possible through technology innovation, manufacturing excellence, research leadership and best-in-class team of scientists, engineers and management based in China and the USA.

    
    Contacts:

    Financial Dynamics France:
    Investor Relation:
    Valéry Lepinette
    Valery.lepinette@fd.com
    Ph: +33(1)47-03-68-10

    Press:
    Catherine Toulemonde
    catherine.toulemonde@fd.com
    Ph: +33(1)47-03-68-55

Contacts: Financial Dynamics France: Investor Relation: Valéry Lepinette, Valery.lepinette@fd.com, Ph: +33(1)47-03-68-10; Press: Catherine Toulemonde, catherine.toulemonde@fd.com, Ph: +33(1)47-03-68-55