C Y Foundation Group Limited (HKG:1182) Opens 2009 IEF Final in Suwon, Korea With Over 1 Million Visitors From 17 Countries and Regions Expected

Hong Kong, Nov 2, 2009 AEST (ABN Newswire) - C Y Foundation Group Limited (HKG:1182) is pleased to announce that 2009 IEF ("International E-sport Festival") final successfully opened on 30 October 2009 in Suwon, Korea. Over 1 million visitors are expected to attend or participate in the three day e-sport event.

This year's IEF Finals have attracted top online game players from 17 countries and regions, including the winners of the China and Hong Kong tournaments which were hosted by C Y Foundation. Winners of Hong Kong's preliminary tournaments, the five-member RS team who won the Counter Strike competition are representing Hong Kong at Korea's IEF finals which boast grand prizes over US$58,000 in value.

Officiating guests at the grand opening ceremony in Suwon, included more than 20 members of Korea's National Assembly. Well known artists from China, Hong Kong and Korea performed at the ceremony. In addition, a range of entertainment will be staged over the remaining two days including the International Youth Dream Concert and programmes focusing on information science. The two day competition features the world's most successful e-sport titles, including StarCraft, WarCraft and Counter Strike.

IEF, regarded as the "Olympics" of the digital entertainment industry, aims to use e-sports to foster stronger bonds among youth worldwide, bringing together young people from different ethnic, cultural and geographic backgrounds. This year's IEF final is expected to replicate the success of the 2008 IEF tournament held in Wuhan, China that attracted world class players and television and website audiences of 150,000.

About the IEF

The IEF is an annual world-class event for the international online gaming industry. The 2009 IEF Finals are being held in Suwon, Korea from 30th October to 1st November 2009. The official website is www.e-ief.com. Currently, IEF features the world's most successful e-sport titles, including StarCraft, WarCraft and Counter Strike. The C Y Foundation, as Hong Kong and China qualifying event host, also plans to enrich its recently established IEF platform by adding new products, services and non-stop daily tournaments.

Contact

Porda International (Finance) PR Group Ms. Harriet Lau TEL: +852-3150-6761 Email: harriet.lau@pordafinance.com.hk Ms. Alman Loong TEL: +852-3150-6731 Email: alman.loong@pordafinance.com.hk Ms. Jenny Yung TEL: +852-3150-6735 Email: jenny.yung@pordafinance.com.hk Fax: (852) 3150 6728