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APPLIED INTERNATIONAL (SEHK: 519) PARTNERS WITH HILL GLAZIER ARCHITECTS, INC. TO DEVELOP WORLD-CLASS RESORTS AND AIRPORT COMMERCIAL IN THE BRITISH VIRGIN ISLANDS

(Hong Kong, 3 January 2006) ------- Applied International Holdings Ltd. ("AIHL", stock code: 519) is pleased to announce that the Company has appointed Hill Glazier Architects, Inc. ("Hill Glazier"), one of the world's leading architectural firms of hotel, resorts, golf clubhouses and spas, as the master designer of the Company's luxury resorts and Airport Commercial in the British Virgin Islands (BVI).

Mr. Raymond Hung, Managing Director of AIHL said, "We are glad to partner with Hill Glazier, the world's expert in designing resorts and hotels for our BVI Project. Hill Glazier has over 25 years of experience in designing resorts and hotels in famous tourist destinations including Florida, California, Hawaii and Egypt and has gained solid reputation from the success of several hundred hospitality projects in over 25 countries. With Hill Glazier, I believe that our luxury resorts and airport commercial will meet the needs of top-tier tourists.'

Projects accomplished by Hill Glazier reputation is widely recognized by various awards. For example, one of Hill Glazier's projects, Four Seasons Hualalai, is ranked No. 1 in the Top Resorts (100+ rooms) category, according to the 2005 Top U.S. Hotels, Resorts & Spas Guide by Zagat. Hill Glazier has also enjoyed a long-term partnership with Ritz Carlton and worked closely together on numerous projects such as Bachelor Gulch Project in Colorado and Half Moon Bay Resort Project in California.
The construction works of the hotel facility are expected to be completed in the beginning of 2009. The management of AIHL believes that the BVI Project is a significant investment and will bring considerable profit to the Group.

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About Hill Glazier Architects, Inc.

Hill Glazier Architects specializes in the design of hotels and resorts, golf clubhouses and spas. Founded in 1980, the firm has achieved national and international prominence providing a full range of architectural services. Projects include sophisticated urban hotels, unique destination resorts, and world-class recreational facilities. Hill Glazier Architects has received numerous awards and has been featured in national and international publications.

Applied International

3 January 2006 / Page 2

About Applied International Holdings Limited

Applied International Holdings Limited is listed on the Hong Kong Stock Exchange and is engaged in OEM, Investment Properties and Resort Development business. The company has recently signed the Head of Terms agreement with Ritz-Carlton Hotel, forming a joint-venture to develop the Beef Island Estate in the British Virgin Islands.

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