Elektromotive Group Limited

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    Negotiation Between Panpac Media.Com Limited And China.Com Corporation Ltd

    BackJun 10, 2002

    Further to our announcements dated 22 February 2002, the Board of Directors of Panpac Media.com Limited ("the Company") wishes to inform that there is an on-going negotiation between the Company and Chinadotcom Corporation Ltd to settle the breach by Chinadotcom Corporation Ltd under the Equity Exchange and Option Agreement dated 9 December 1999.