27 June 2001

"Wing Lung Credit Card PLUS Personalized Octopus Card - A Smart Spending Pattern"

Wing Lung Bank and Creative Star Limited are pleased to announce the launch of "Wing Lung Credit Card - Octopus Automatic Add-Value Service".

The introduction of the "Wing Lung Credit Card - Octopus Automatic Add-Value Service" very well signifies the Bank's commitment to provide quality and convenient service to its customers. Whenever Personalized Octopus Card's remaining value becomes insufficient to cover the fare, $250 will be automatically added and subsequently charged to the Wing Lung Credit Card account. Every dollar added to the Personalized Octopus Card will also entitle the cardholder to enjoy the benefit of "0.5% Cash Rebate Scheme" and "56-days Interest Free Repayment Period". From now on, there is no difference in adding values for Personalized Octopus cards from any other purchases being made at Wing Lung Credit Cards.

The launching ceremony of "Wing Lung Credit Card - Octopus Automatic Add-Value Service" was held on 27 June 2001 at Wing Lung Bank Head Office in Central. Dr. Michael Po-ko Wu and Dr. Patrick Po-kong Wu, Chairman and Vice-Chairman of the Bank respectively, and Mr Rob Noble and Ms. Joan Ng, Chief Executive Officer and Director of Marketing of Creative Star Limited respectively, officiated at the ceremony.

Mr. Rob Noble of Creative Star remarked that "Nowadays, more and more people are becoming aware of the Octopus Automatic Add-Value Service and the convenience and practical benefits it brings - card holders neither have to worry about their Octopus running out of value, nor have to spend time reloading their cards manually at designed locations. With the support of Wing Lung Bank, this convenient add-value service is being further expanded."

From now until 31 October 2001, successful applicants of Wing Lung Credit Card will enjoy annual fee waiver for the first 3 years. Principal cardmembers will also receive Octopus Ticket Value of HK$300 or HK$300 Park'N Shop Cash Coupon as a welcome gift. Application forms are available at all Wing Lung Bank branches or Wing Lung NET Banking (www.winglungbank.com).

Octopus was launched in September 1997. Today, more than 7.5 million cards are in circulation, with daily transactions of over 6 million. Creative Star now has over 40 service providers including public transport, car parks, retailing services such as convenience stores, fast food, cake shops, and self-help services like vending, photo booths, photocopiers, as well as leisure facilities and access control for housing estates.

For media enquiries:

Mr David Lau
Head of Business Development Department
Wing Lung Bank
Tel: 2826 8336
Fax: 2869 7713

Ms Joan Ng
Director of Marketing
Creative Star Limited
Tel: 2266 2226
Fax: 2266 2254

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