Hsinchu, Taiwan, January 21, 2008

Apple Daily reported that ENE TECHNOLOGY INC. will raise funds from Quanta and Compal via the second phase of private placement. The coverage was a pure speculation by the media and should be disregarded. As ENE decides the fund providers, the relevant information will be made on Market Observation Post System.

Furthermore, 2008 financial forecast was not produced. The reported shipment and customers’ status in 2008 are guesstimates by Daily Apple.