The Board of Directors of CDW Holding Limited ("the Company") is pleased to announce the incorporation of Tomoike Precision Machinery (Dongguan) Holding Limited ("TM Dongguan BVI"), a wholly-owned subsidiary of the Company.

TM Dongguan BVI is incorporated in the British Virgin Islands with an authorised share capital of US$50,000/- for 50,000 shares of US$1/- each and issued share capital of US$1/- for 1 share of US$1/- each. The principal activity of TM Dongguan BVI is to carry on business as an investment holding company.

The above transaction was funded by internal resources and is not expected to have any material impact on the net tangible assets per share and earnings per share of the Company for the year ending 31 December 2005.

None of the Directors or Controlling Shareholders of the Company has any interest, direct or indirect, in the above transaction. The initial public offering of the Company"s shares was sponsored by DBS Bank Ltd.

By Order of the Board

Tan San-Ju Company

Secretary