Vtion Wireless Technology AG launches IPO on Prime Standard of the Frankfurt Stock Exchange

The information contained in this document is not for publication
or distribution in the United States of America.

Vtion Wireless Technology AG, one of the leading providers of
wireless data card solutions for mobile computer and internet use via
wireless networks in the People´s Republic of China, today announced
details of its forthcoming initial public offering on the Prime
Standard of the Frankfurt Stock Exchange. The offer period is expected
to commence on the 23rd November 2007 and will presumably end no later
than the 29th November 2007. The price range will be published at a
later stage, together with the specific dates of the offer period via
an ad-hoc announcement. The listing of the shares of Vtion Wireless
Technology AG (with the German Securities Identification Number
CHEN99, the ISIN DE000CHEN993 and the Ticker Symbol V33) is expected
to occur on the 30th November 2007.

Up to 5,077,250 no par value ordinary bearer shares will be
offered in a public offering in Germany and Luxembourg, as well as
private placements to institutional investors outside Germany,
Luxembourg and the United States. Of these shares up to 4,000,000
originate from the capital increase against cash contributions from
the authorized capital pursuant to a resolution of the Management
Board expected to be resolved on 28th November 2007 with the approval
of the Supervisory Board expected on the same day and up to 415,000
shares stem from the holdings of certain existing shareholders. Up to
662,250 further shares will potentially be made available for the
over-allotment option by certain existing shareholders (greenshoe
option). Mr. Chen Guoping, founder, CEO and majority shareholder of
Vtion Wireless Technology AG, will only sell a moderate number of
shares (approximately five per cent) and will hold post-IPO still more
than 50% of the voting capital. He and all other existing shareholders
have committed themselves to a lock-up period of 12 months - the last
six months to a soft lock-up not to undertake certain transactions
without the prior written consent of the Global Coordinator. After
completion of the capital increase and the full exercise of the
greenshoe option, the free float is expected to amount to
approximately 36%.

The company expects to raise approximately EUR 90 to EUR 100
million through the IPO and intends to use the net proceeds raised
through the offering primarily to finance the growth strategy and
expansion of its research and development capabilities. Furthermore
the company plans to invest in future acquisitions and in establishing
its own distribution network.

Sal. Oppenheim Jr. & Cie. KGaA is acting as Global Coordinator and
Sole Bookrunner. Sal. Oppenheim, the Bank of China International (BOCI
Asia Limited) and CLSA Asia Pacific Markets are acting as Joint Lead
Managers in the offering. comdirect bank AG, Cortal Consors S.A. and
DAB bank AG will act as Selling Agents.

The main business segment of Vtion Group is the design,
development and sale of wireless data cards as well as related
after-sales services. Further business segments are internet-based
data service solutions and sales of mobile phones, telecommunications
equipment and IP servers.

Vtion Group employs more than 200 employees. Over the last three
years, Vtion Group achieved annual revenues growth of 104%, from
approximately EUR 2.4 million in the financial year 2004 to roughly
EUR 10 million in the financial year 2006. In terms of net income it
posted an annual growth rate of 162% from EUR 300,000 in 2004 to
approximately EUR 2.1 million in 2006. The net profit margin amounted
to approximately 21% in 2006. In the first nine months of 2007, Vtion
Group generated revenues of EUR 19.3 million - up 151% year-on-year
and already almost twice the level of 2006. Net profit in the first
nine months of 2007 totalled EUR 6.2 million, more than quadruple
compared to the equivalent period of the previous year.

Mr. Chen Guoping, founder, CEO and majority shareholder of Vtion
Wireless Technology AG comments: "For us the IPO is a decisive step to
further expand our leading position in the Chinese wireless data card
market. With the additional capital, we can benefit from the rapidly
growing demand in the 2.5G and 2.75G market and also from the expected
dynamic growth following the introduction of 3G. On top of which we
will be able to, finance our innovative marketing strategy with China
Unicom and China Merchants Bank, expand our sales effort, as well as
investing considerably in research and development."

The securities prospectus was approved by the German Federal
Financial Services Supervisory Authority (BaFin) on 14 November 2007.
It can be downloaded from the website of Vtion Wireless Technology AG
(www.vtionwireless.de) and is also available in printed form from both
the Company and Sal. Oppenheim (fax number: +496971345169).

About Vtion Wireless Technology AG

Vtion Wireless AG, together with its operating subsidiaries
located in Fuzhou, China, is one of the leading providers of wireless
data card solutions for mobile computer and internet use via wireless
networks in China. Vtion Group operates primarily in the design,
development and sale of wireless data cards, including related
after-sales service, also offering its customers internet-based data
service solutions. The company maintains close contacts to China
Unicom, a leading Chinese mobile phone operator and the major provider
of internet access via the wireless network in China. Vtion Group
employs more than 200 staff and offers a broad spectrum of wireless
data cards including various interfaces such as PCMCIA, USB, Express
Card 34/54 and Compact Flash (CF). Anticipating the introduction of 3G
networks in China, Vtion Group has also already developed 3G wireless
data cards. These wireless data cards are suitable for different
standards, including TD-SCDMA, CDMA 2000 EVDO and WCDMA HSDPA. With
its focus on wireless data cards, Vtion Group achieves comparably
short times-to-market for its product developments averaging three
months.

These strengths are the basis for the further development of Vtion
Group as the leading Chinese provider of wireless data card solutions,
offering quality with future driven products and services to network
operators and end customers in China. For further information on Vtion
Wireless Technology Group, see www.vtionwireless.com.

The publication does not constitute either an offer to sell or to
buy securities. The offer is made exclusively on the basis of the
Securities Prospectus which is to be published. The prospectus is
available at no charge at Sal. Oppenheim and on the web page of the
company.

This publication is directed only to such persons as (I) are
outside the United Kingdom or (II) have industry experience with
investments in the sense of Article 19 (5) (investment professionals)
of the U.K. Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (in its current version) the ´Order´) or (III)
are covered by Article49 (2) (a) to (d) of the Order (´high net worth
companies, unincorporated associations etc.´) (hereinafter all such
persons are designated ´Relevant Persons´). Any person who is not a
Relevant Person may not act on the basis of this notification or its
contents or place confidence in the same. Any investment or investment
activity relating to this notification is available only to Relevant
Persons and is only undertaken with Relevant Persons.

The publication does not constitute either an offer to sell or to
buy securities in the United States of America. In the United States
of America, securities may only be sold or offered for sale after
prior registration in line with the regulations of the U.S. Securities
Act of 1933 in its currently applicable version or without prior
registration sold or offered for sale only on the basis of an
exceptional regulation. Shares of Vtion Wireless Technology AG are not
and will not be registered in line with the regulations of the U.S.
Securities Act von 1933 in its currently applicable version and will
not either be sold or offered for sale in the United States of
America.