Contents :

Mr Patrick Lee's statement to the effect that the company Asian Auto Interactive Sdn Bhd (AAI) would rake in some RM5 million of revenue is merely an estimation, derived from the following sources :-

1. Advertising and sponsorship - RM3.5 million
2. E-Commerce - RM1.5 million

AAI has to work towards this revenue in order to meet the company's operating expenditure for the year ending 31st December 2001.

Any inconvenience caused is deeply regretted.



Our ref : GA/DVB/07-00/17

Query Letter Contents :

We refer to the above news article appearing in The Sun, Sun Biz Section, page
5, on 27 July 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"...asianauto.com to rake in some RM5 million of revenue next year-end to break
even."

In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentence or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentence or
any other part of the above reported article, you are required to set forth
facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully
KUALA LUMPUR STOCK EXCHANGE


LISA LAM
Senior Manager, Listing Operations

ASL/LL/SW
c.c. Securities Commision