[Paris, March 11th 2008], LIONAX, the first Chinese company listed on Euronext, announces today that it has recently delivered an order of Pressure-Eye Tire Pressure Monitoring System (TPMS) to the European customer Vehold Group, which is specifically addressing the European truck market from its distribution chain in Europe. The order was received last December from Vehold Group and Lionax was informed by Vehold that it will place a new order of one million sets of TPMS soon.

There are over 12.5 million Trucks in the European countries. Road safety, especially tire safety, has always been of primary concern for truck industry. In addition to safety benefit, LIONAX TPMS products can also help truck drivers to save gasoline and reduce emission by reminding drivers to keep proper tire pressure. EU commission recently recommended making TPMS a standard application in all vehicles to enhance fuel efficiency.

James Yang CEO of LIONAX says: "LIONAX's TPMS products provide a competitive solution for truck manufacturers and owners. This recent delivered order is a key step in LIONAX's implementation of its strategy to penetrate the European truck TPMS industry, and the new one million sets order expressed by Vehold indicates a huge demand from European market for TPMS".

About LIONAX

The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS); navigation integrated product with GPS, TPMS and rear view camera; and digital pressure sensor for automotive industry. LIONAX's products help its customers to enhance safety, save money and meet regulatory requirements affordably. LIONAX makes this possible through technology innovation, manufacturing excellence, research leadership and best-in-class team of scientists, engineers and management based in China and the USA.

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