DISPOSAL OF INTERESTS IN CAREER TIMES ONLINE LIMITED

(Hong Kong, August 12, 2005) - iBusiness, a leading facilitator of e-commerce business over the Internet, today announced the disposal of entire interests in Career Times Online Limited to Hong Kong Economic Times ("HKET").

Career Times Online Limited, a joint venture business between iBusiness and HKET since June 2000, develops and operates an on-line job recruitment portal (http://www.careertimes.com.hk) for job seekers and recruiters in Hong Kong.