Name change of subsidiary – Anwell to explore further opportunities in Thin Film and Vacuum Coating Technologies

Name change of subsidiary – Anwell to explore further opportunities in Thin Film and Vacuum Coating Technologies

• The name of existing wholly-owned subsidiary “Dongguan Anwell Electronics Co. Ltd.” will be changed to “Anwell Thin Film and Vacuum Technology Ltd.”

• Thin film solar cell equipment - a natural progression for Anwell with core competencies based on Thin Film and Vacuum Coating Technologies

Singapore, 10 April 2008 - Anwell Technologies Limited (“Anwell” or “The Group”), the world’s only vertically integrated optical disc equipment maker with a disc-manufacturing arm, has announced that the name of their subsidiary “Dongguan Anwell Electronics Co. Ltd.” will be changed to “Anwell Thin Film and Vacuum Technology Ltd.” The management will dedicate this subsidiary to explore further opportunities with the Group’s core competencies in Thin Film and Vacuum Coating Technologies. In the near future, optical disc production equipment will remain as the Group’s primary business to capture the opportunities in Blu-ray technologies.

“The vertical integration has strengthened the Group’sposition and hence enables us to explore other sectors ofthe hi-tech industry by leveraging on our coretechnologies in the optical disc industry.

The solar energy industry is one of the fastest growingindustries with great potential. The visible route map forcost reduction and the fast energy payback time of the thinfilm solar cell will make it a star for the future energysegment.

By completing the R&D in FY08, Anwell is expected tooffer equipments with complete turnkey solution for thesolar energy industry as well as solution for thin film glasscoating. The design of the system aims at lowest cell costwith highest quality.

Besides, the energy payback time and the manufacturingcost of the thin film solar cell are much less than theconventional type of silicon crystalline solar cell.” Mr Franky Fan, Executive Chairman & CEO of Anwell

Focusing on Thin Film and Vacuum Coating TechnologiesAlong with the new business structure of the Group, it is scheduled to complete the R&D for theGroup’s first thin film solar module production equipment in the second half of 2008.

A complete turnkey solutionA new factory in Dongguan, PRCThe subsidiary will explore the various opportunities that Thin Film and Vacuum Technologies can be applied in. Some of these applications are: TCO and ITO coatings, Thin Film Solar Cell, Low-E coatings on glass and etc.

Currently, the Group is on track to complete their R&D for the solar cell production system andhas already completed the R&D for the large scale sputtering machine. The machine is capable ofsputtering metallic thin film, ITO (“Indium Tin Oxide”), TCO (“Transparent Conductive Oxide”) andLow-E (“Low-Emissivity) glass. The PECVD tool for deposition of p-i-n silicon

ITO coated optical filters for electronicdisplays are used for electromagnetic/radio-frequency shielding, optically clear heatersand as the active component in resistive andcapacitive touch panels.

TCO coated glass act as electrodes and “lighttraps” which are key components in thin filmsilicon modules.

Low-E glass reflects a significant amount ofthis radiant heat, thus lowering the total heatflow through the window.

thin film is expected to be finished by June 2008. The group is expected to offer complete turnkey solution for the thin film solar cell manufacturers by FY09.

Industry Information: Solar Industry

Global demand for energy is expected to keep increasing over the next two decades, fueled by emerging economic giants such as China and India. With oil prices costing more than US$100/bbl,solar energy is one of the most encouraging alternatives.

However, the issue has always been the cost per watt and the energy pay back time. Recentincreases in the price of silicon feedstock have heightened the cost advantage opportunity of thinfilm technology. The price of silicon feedstock increased from $28-$32/kg for 2004 delivery to $45-$50/kg for 2006 delivery, and spot prices have been reported to exceed $100/kg in 2006. With Anwell adopting the Thin Film Silicon Solar Cell approach, significantly less Silicon (raw materialof Solar Cells) is required, thus lowering the cost of production per cell.

About AnwellAnwell Technologies Ltd. (“Anwell”) is a global leader in providing integrated business solutions for the optical mediareplication business. The Group’s activities include the design, manufacture and sales of innovative and cost efficientoptical media replication systems. The Group also provides customers with the necessary technical expertise, businessknowledge, production systems and service support worldwide. In 2007, the Group built a synergistic platform byintegrating into optical media replication business. Leveraging with its core competencies in high-precision andautomation technologies, Anwell is targeting to be a world class equipment manufacturer in different high-technologyindustries.

For more information, please refer to the corporate website www.anwell.com.

Investor Relations ContactKen Wu, CFO Mark Lee / Kamal SamuelAnwell Technologies LimitedFinancial PR Pte Ltd Tel: (852) 2499 9178Tel: (65) 6438 2990 Fax: (852) 2499 9170Fax: (65) 6438 0064 E-mail: kenwu@anwell.comE-mail: marklee@financialpr.com.sg/kamal@financialpr.com.sg

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