Singapore, 12 August , 2002 - ThinSoft (Holdings) Inc (the 'Group'; Stock Code: 8096) today announced the release of its latest product WinConnect Z.

WinConnect Z, released by the Group's wholly owned subsidiary ThinSoft (USA) Inc. ('ThinSoft'), provides the first RDP (Remote Desktop Protocol) client port for the Sharp Zaurus SL-5500 (the 'Zaurus').

WinConnect Z enables the Linux-based Zaurus PDA to access Windows applications. It does this by connecting to a Windows Server or through XP Pro and establishing a remote connection.

WinConnect Z is a specialized port of WinConnect, ThinSoft's Linux 5.1 RDP client that was released early this year.

Sharp has developed and is now marketing the Zaurus; an innovative, powerful handheld device that offers professional consumers and corporate users a next generation mobile device to fulfil business and personal needs.

ThinSoft President and Executive Director Bernard Ngiam said: "ThinSoft continually strives to enrich the software product spectrum to facilitate a multi-operating systems environment.

"WinConnect Z makes the Zaurus more attractive for corporate PDA users. It allows remote access to company servers and desktops.

"Our WinConnect products enhance the value and uses of Linux-based PDAs, web tablets and information appliances."

ThinSoft will also be partnering with Handango, the world's leading publisher of mobile software. Handango will make WinConnect Z available for purchase through its web site at www.handango.com.

Other prominent online resellers will be added in the near future. Selected Fortune 500 companies that are currently beta testing WinConnect Z, prior to its release, report very encouraging performance and reliability results.

For more information about WinConnect Z, visit ThinSoft's web site at www.thinsoftinc.com

About ThinSoft (Holdings) Inc

ThinSoft (Holdings) Inc (the 'Group') is a leading global developer and distributor of Thin Computing Solutions (TCS) that reduce the Total Cost of Ownership (TCO) of IT operations. The Group has two flagship products, BeTwin and WinConnect that support applications running on the world's two most dominant operating systems Windows and Linux respectively.

ThinSoft (Holdings) Inc is listed on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong Limited. Its stock code on GEM is 8096.

About the products:

BeTwin is the Group's software product designed for the Windows platform, to turn one PC into as many as five - a host PC plus up to four virtual PCs. Each virtual PC station is easily created through the addition of a set of monitor, keyboard, mouse and speakers. BeTwin allows users of the virtual PC station to share the unused computing power of the host PC. BeTwin is a solution that brings dramatic cost benefits to the ownership of PCs in any multi-user environment.

WinConnect is a software product that the Group designed for the Linux operating system platform. WinConnect enables Linux-based terminals to create a remote connection to run Windows applications.

Glossary:

Total Cost of Ownership ('TCO')

TCO of IT operations refers to all costs associated with initial IT system acquisition and ongoing usage, which includes: hardware, software, servicing, network management, maintenance, training, support and staffing, etc.

Thin Computing Solutions ('TCS')

TCS, by centralizing application processing and management, and data storage for all users, serves to reduce the TCO of IT operations.

About ThinSoft (USA) Inc.

ThinSoft (USA) Inc. is a wholly owned subsidiary of the Group and is based in Emeryville, California.

About IPC

Listed on the main board of the Singapore Exchange (SGX), IPC Corporation Ltd (IPC) is an established Asian IT vendor in Thin Computing, e-Services & e-Platform solutions and Infocomm Product and Broadband Systems Integration, with a marketing and sales distribution network in more than 50 countries worldwide.

Three Core Business Units
IPC drives three core business units:
· Thin Computing
· e-Services & e-Platform
· Infocomm Product and Broadband Systems Integration

*For more information, please visit our website at www.ipc.com.sg

Thin Computing

ThinSoft (Holdings) Inc. (ThinSoft), a subsidiary of IPC Corporation Ltd, has developed a premium suite of cost effective thin computing solutions that significantly reduce the Total Cost of Ownership (TCO). ThinSoft offers two flagship product series "BeTwin" and "WinConnect" which run applications on Windows and Linux respectively. Windows and Linux represent the world's two most dominating operating systems. These solutions address the pervasive computing needs of individuals and organisations in the characteristically dynamic computing and communications environment. The competitive efficiency of the solution is attributed to its ability to link multiple users to a single host computer with uncompromised computing power as well as concurrent Internet usage.

*For more information, please visit our website at www.thinsoftinc.com
ThinSoft (Stock code: 8096) is listed on the GEM board of the Stock Exchange of Hong Kong.

e-Services & e-Platform

e-IPC, a wholly owned subsidiary of IPC, is a leading Internet infrastructure provider of e-Services & e-Platform for B2B and B2C transactions. e-IPC's value proposition is the full service provision of On-line Exchange (OLX) and On-line Applications (OLA). Since 1996, e-IPC has been operating a premier network in China offering OLX and OLA e-Services to major enterprises in the retail industry in Shanghai.

OLX

OLX enables and facilitates the entire fulfillment cycle in the supply chain from credit check to inquiry to ordering to electronic processing and payment.

OLA

OLA is an on-line access platform to mission critical software applications to fulfill administrative and operational requirements such as data warehousing, data mining and data analysis, enterprise resource planning and customer relationship management.

*For more information, please visit our website at www.e-ipc.com.cn

Infocomm Product and Broadband Systems Integration

Essex Electronics (S) Pte Ltd (Essex) is a wholly owned subsidiary of IPC and is a premier provider of leading-edge telecommunications solutions as well as the provision of systems integration services and support for broadband communications. Essex offers a suite of Digital Enhanced Cordless Telecommunications wireless communications range of terminals and in-premise Wireless Local Loop solutions as well as Integrated Services Digital Network terminals.

In the area of Broadband Systems Integration, IPC successfully developed and launched EaziSurf; an in-premise broadband solution for the Multi-Dwelling Unit (MDU) market. EaziSurf is a wired and wireless in-premise hardware and software broadband solution for the bandwidth demanding provision of seamless multimedia communications in MDU sites such as hotels and residential condominiums.

*For more information please visit our website www.essex.com.sg

Hong Kong:
For further information, please contact:

ThinSoft (Holdings) Inc
Ms Miranda M K Pang
Tel: (852) -2587 7800
Email: miranda.pang@thinsoftinc.com

Singapore:
For enquiries, please contact:

IPC Corporation Ltd
Mr Leslie Sim
Vice President, Investor Relations
Tel: (65) 6744-2688
Email: leslie.sim@ipc.com.sg

Submitted by Bernard Ngiam, Executive Director/Company Secretary, IPC Corporation Ltd, on 12 August 2002 to the SGX