Paris, August 21st, 2008– LIONAX, the first Chinese company listed on Euronext, today announces that it has recently supplied with TPMS safeguards to the public transportation for China's Olympic Games.

During the Olympic Games, actually held in Beijing, Lionax contributed to the global safe transportation via its Tire Pressure Monitoring System for public transportation vehicles in the participating cities. The TPMS are made by Lionax in the city of Nanchang, Jiangxi province.

In order to secure the traffic safety during Olympic Games period, the public transportation vehicles in participating cities such as Qingdao, Shanghai and Beijing have implemented Lionax's high tech product "tire pressure monitoring system", which will allow both passengers and athletes to have safe and comfortable journeys.

Safety guarantee is the first priority in order to hold successful Olympic Games in China, therefore, the host cities sent customized orders to Lionax in April this year to purchase Lionax's SecuTire TPMS, which are specially tailored for the Olympic Games public transportation and were implemented in June.

James Yang CEO of LIONAX comments: "SecuTire TPMS has received great praise from the Olympic Games organizers and hosting cities. SecuTire TPMS is able to monitor tire pressure in real-time, prevents tire accidents efficiently, enhances driving safety and extends tire life. Lionax's "secure drive, green drive" motto fits in with Beijing Olympic Games humanity spirits of "Green Olympics, Scientific Olympics", and TPMS is becoming mandatory in most countries under legislation, following the passive security products like safety belts and air bags, TPMS will certainly become the new generation of security guardian for vehicles." 

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.

LIONAX CONTACTS:

Financial Dynamics France:
PRESS                                                                                                            INVESTOR RELATIONS
Elodie Marchand                                                                                          Valéry Lepinette
elodie.marchand@fd.com                                                                                valery.lepinette@fd.com
Tel : +33 (1) 47 03 68 10                                                                             Tel : +33 (1) 47 03 68 10