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PRESS

Flander Oy Acquires Mobile Testing Business of China Hexin Group

E. J. McKay acts as financial adviser to Flander Oy in the transaction

Beijing, China, June 21st, 2007 – Flander Oy today announced the signing of a definitive agreement to acquire 100% of the mobile testing business of Beijing Hexin Digital Technology Limited. Helsinki based Flander is a telecommunication software development and testing company with a strong presence among leading global mobile OEMs. Hexin is a leading Chinese software and mobile testing service provider based in Beijing.

The transaction, which extends Flander's global footprint from northern Europe to China and allows Hexin to focus on its core software development business, is representative of the kind of work E. J. McKay is engaged in, that of “advising a highly selective group of key clients in their significant cross-border transactions that create measurable synergy and transform the economics of the impacted industry”, commented James Z. Li, Managing Director of E. J. McKay.

About Flander Oy

With its head office in Helsinki, Finland, and footprints in multiple European locations, Flander is a leading international provider of mobile software testing and development services. Flander's customers include top tier mobile handset manufacturers, independent software vendors, mobile operations and service providers. The firm is consistently ranked as among the finest mobile testing and software service providers by global mobile OEMs.

About Hexin Group

Founded in 1998, Beijing Hexin Digital Technology Ltd. is a software service company based in Beijing, China. The divesture of the mobile testing businesses represents a strategic decision by the firm to focus its resources on its core software development businesses.

About E. J. McKay

E. J. McKay is a Shanghai based investment banking group specialized in structuring complex cross-border mergers & acquisitions and merchant banking transactions. With a presence in 17 countries and 23 major financial centers around the world and a dedicated focus on China, the firm advises transactions both inbound and outbound, representing clients both local and multinational.

For further information

Please visit: www.ejmckay.com, www.ejmckay.net, or contact:

Natalie Hsiao
+86-21-5109-6266
natalie.hsiaoejmckay.com

Global Reach

E. J. McKay is a leader in China related cross-border transactions. Via offices and strategic partnerships in twenty-three countries and thirty financial centers around the world, the firm possesses unparalleled global relationships and execution capabilities.