DF China Technology Inc. Expands Senior Management Team Board; Authorizes Name Change to 'China Technology Global Corporation' HONG KONG, Dec. 21 /Xinhua-PRNewswire-FirstCall/ -- DF China Technology Inc. (OTC:DFCT) (BULLETIN BOARD: DFCT) ("the Company"), a leading provider of information technology solutions for the logistics and supply chain management industry in China and Hong Kong, today announced the recent expansion in its senior management team. Also, its board of Directors has authorized the Company to change its name to "China Technology Global Corporation." Dr. Frank Fan, Chairman and CEO of DF China Technology Inc. commented: "We have repositioned the Company for its dynamic growth starts from, 2005 and have strengthened our senior management team with several key additions to our existing roster of talented managers. Our new name will emphasize our global vision, as we expand our products and services to markets around the world, as a true multinational company. Our listing on the US Capital Market is already indicative to our position in the global technology community." The following are the biographies of DF China Technology Inc.'s senior management team: Dr. Frank Fan, the Company's Chairman and Chief Executive Officer, is a seasoned business development veteran with over two decades of executive experience. He is the founder, Chairman & CEO of DiChain Holdings Ltd., the Company's largest shareholder. Dr. Fan is also the Chairman of China Merchants DiChain (Asia) Ltd., an investment holding conglomerate that shares are traded on the Hong Kong Stock Exchange. Previously, Dr. Fan served as Executive Director and Chief Financial Officer of China Merchants Group, Executive Vice President of Union Bank of Hong Kong Ltd., Vice President of China Merchants Bank and Deputy Director of the Research Institute and the People's Bank of China. Dr. Fan is a professor of Beijing University Guanghua Business School. In 2001, he was named one of the Top 10 People of the Year in China's Logistics Industry. He was recently elected as Chairman of the Chinese National Chamber of Commerce of Logistics. Dr. Wayne Wang, newly appointed as Executive Vice President and General Manager of the Company, is in charge of software development, E-Commerce and the Company's overall business operations. He has more than 15 years of experience in the software development industry and received his Ph.D. degrees in Industrial Engineering and Management from Hong Kong Technology University and Central China University. Mr. Leon Zhou, the Company's Executive Vice President and Director, newly appointed as Chief Financial Officer, is also the Managing Director of China Merchants DiChain (Asia) Ltd. He has over 12 years of experience in financial management, working in various commerce, statistics and government bureaus in China, as well as publicly listed companies, where he was involved in numerous mergers and acquisitions, investment banking and project investments. He obtained a Bachelor's Degree in Physics from Central-South University, China and a Master of Science Degree in Business/Finance from the University of Baltimore, Maryland. Mr. Ching Nam Tai, newly appointed as Director of Business Strategy of the Company, has over 7 years of experience in strategy research and development He obtained a Master Degree of Business Economics from Chinese University of Hong Kong. Mr. Ching Hua Wong, newly appointed as Director of Marketing and Sales of the Company, has over 30 years of marketing and sales experience in the information technology business in China. Dr. Arthur Qi, newly appointed as Vice President and Chief Technology Officer of the Company, in charge of GIS (Geographic Information System) and GPS (Global Positioning System) business, has over 10 years of experience in research and applications of GIS, GPS, RS and Wireless Communication. He received a PH.D. degree in GIS from the Institute of Geographical Science and Natural Resources Research, Chinese Academy of Science. Mr. James Wang, newly appointed as Vice President, Wireless Division, has over five years working experience in the research and management in mobile application business. He holds a bachelor degree in mechanism automation from Zhengzhou Institute of Technology China and an Executive Master of Science degree from Chinese University of Hong Kong. About DF China Technology Inc. DF China Technology Inc. (http://www.dichainchinatech.com/) 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 US$30 billion assets under its management. In the future, the Company aims to be one of the leading Chinese technology companies by investing its resources into computer, wireless and internet related information technologies. 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: +852-2255-0632 Email: Alan Stone & Company, LLC Alan Stone, Managing Director Tel: +1-212-521-4102 Email: Rand Brenner, Associate Tel: +1-310-444-3940 Email: DATASOURCE: DF China Technology Inc. CONTACT: Leon Zhou, CFO, EVP, DF China Technology, Inc., +852-2255-0632, ; or Alan Stone, Managing Director, Alan Stone & Company, LLC, +1-212-521-4102, , or Rand Brenner, Associate, +1-310-444-3940, Web site: http://www.dichainchinatech.com/

Copyright