The Group ventured into the e-business arena with CITY e-SOLUTIONS LTD (CES), formerly known as CDL Hotels International Ltd. Listed in Hong Kong and traded in CLOB International in Singapore and the Amsterdam Stock Exchange, CES is the designated vehicle to spearhead e-business initiatives for the Hong Leong Group and its Singapore-based parent company, City Developments Ltd (CDL).

CES will leverage off the Group's business network, reputation and financial strength to develop and invest in e-business initiatives in industries related to the Group's activities.

It's strategy is to develop "bricks and clicks" business initiatives that will transform it into a global solutions provider for the hospitality industry as a start.

Richfield Hospitality, Inc. (formerly known as Swan Inc.), based in Denver will spearhead CES's operations in the United States, underpining the Group's strategic ambition to become a global solutions provider. It is an integrated e-solutions provider that specializes in services ranging from property, yield and risk management to sales and marketing, reservations, back-office systems, training and procurement.

Visit www.ceslimited.com for more detailed information on CES and the products and services to be offered by Richfield Hospitality, Inc. at www.swanhost.com.