Cree Licenses COTCO Under White LED Patent

Overall, reports Strategies Unlimited, the
high brightness LED market is expected to double in value by 2009, reaching an
estimated $7 billion. We undertake no obligation to revise or update publicly
any forward-looking statements.
Tel: 718-359-6866
Email: mingl75@yahoo.
As more electronic equipment manufacturers are setting their
factories in China, GP Batteries will continue to relocate its Lithium
Ion ("Li-Ion") batteries production facilities to be closer to the
customers.

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COTCO has extensive
experience and expertise in the development and manufacturing of fast growing
High Brightness (HB) LED industries and works with a global network of
strategic partners that adhere to the highest standards of trend-setting
technology . Statistics show that 17% of the coal mines
are located in the three provinces of northeast China , where Advanced
Battery's manufacturing subsidiary, ZhongQiang PowerTech, is the only
qualified manufacturer.
"With the clear advantages of ABAT's PLI battery, we're in a strong
competitive position with the other qualified manufacturers. This was due to raw material prices
remaining at high levels and keen competition in the Li-Ion market.
Turnover grew mainly due to improved sales of Alkaline primary
cylindrical batteries by 34% and NiMH rechargeable batteries by 22%
over the previous year.1 million; and net gain of S$6.gpbatteries.

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The
Company has a New York office, with manufacturing facilities in China.
ABAT has accumulated a roster of pending patents for its battery
technology and is developing unique energy related products.com

Currently, Gold Peak holds an 87.1%(a) interest in GP Industries while
GP Industries holds a 49.

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S. It produces a full range of LEDs in the most advanced packages in
red, amber, blue, green and white color. COTCO's innovative and versatile
engineering team packages them into high quality LED products that cater to
the specific needs of customers for an array of applications, including full
color video screens , signage, traffic signals, automotive lighting and
specialty lighting.
The Company estimates that the enforcement of this new regulation will
generate a mine-use lamp replacement market of more than $120 million annually. It is 49.8 million.1% as compared to the previous year, mainly due
to the loss of the 50%-owned associate, Danionics Asia Limited, and
decrease in contribution from T . All the factories under GP
Batteries have undergone an extensive Environmental Health and Safety
Review to ensure compliance with the latest government and industry
standards. Its Technology and Strategic Division is primarily
engaged in the development of new product technologies and strategic
investments.

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Business Editors

HONG KONG----Gold Peak Industries
(Holdings) Limited 's Singapore listed member company's GP Batteries
International Ltd. In
addition, effective cost -cutting measures adopted across GP Batteries
will start to show its effect over time.
Total distribution costs and administrative expenses for the year
were lower as compared to the previous year.

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S. The agreement will have an
immediate benefit to the increasing number of COTCO customers who want to buy
white LEDs but have been understandably nervous about patent infringement"
said COTCO General Manager Richard Sy. "This
deal can be seen as a positive move for both sides who recognize that the
white LED is a key element in the current market.com .

Media Contacts

Asia
The Consultancy
Suki Hung / Bianca Zee
+852-3114-6335 / +852-3114-6339
shung@consultancy-pr.
Under the new standard, Advanced Battery's subsidiary, ZhongQiang
PowerTech, is one of 17 qualified mine-use lamp manufacturers in China.

GP Batteries Records an 8 % Growth in Turnover for 2004/05

Ng continued, "We will continue to streamline our operations to
further reduce cost and to maintain market share so that when business
conditions improve we will be in good stead to reap the benefits.
The taxation charge for the year was substantially higher as the
result of provisions in respect of assessments raised for prior years
for a subsidiary company in Hong Kong.

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As a result of the agreement, white LEDs manufactured by COTCO
will be labeled with the patent number and will read "Powered by Cree(R).7 billion high brightness LED market. (ABAT - News), a developer and manufacturer of rechargeable
Polymer-Lithium-Ion (PLI) batteries, announced today that the Coal Mine Safety
Regulation Bureau of China has sent an official notice to all provincial level
coal mine safety regulation bureaus to enforce the implementation of the new
mine-use lamp safety standard GB 7957-2003, that was approved by the Chinese
government in June of last year.
Beginning October 1, 2005, the government's notice requires the 45
national coal mines to replace their old mine-use lamps with new lamps
supplied by one of the 17 qualified mine-use lamp manufacturers; State-owned
coal mines will need to replace their old mine-use lamps beginning January 1,
2006; Other coal mines throughout China will need to replace their old mine-
use lamps beginning April 1, 2006.7 million, an increase of 11. The
consolidated net profit after taxation and minority interests
attributable to shareholders decreased from S$45.
Gross profit margin decreased mainly due to high raw material
prices and keen competition in the Li-Ion market as a result of the
over-supply situation.
Exceptional items of S$18. It has also made arrangements to distribute a
special one -time subsidy to provide affected employees with immediate
assistance beyond statutory requirements .
The parent company, Gold Peak Industries (Holdings) Limited, was
established in 1964 and has been listed in Hong Kong since 1984.6%(a) interest in CIH Limited.

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-based Cree, Inc.
6,600,175.hk

U.com

, founded in September 2002, develops,
manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The consolidated net profit after taxation and
minority interests attributable to shareholders for the fourth quarter
was S$0.1 million, an
increase of S$5. Ordinary share information on Gold Peak may be accessed on
the Reuters Equity 2000 service under the symbol 0040 HK and on
Bloomberg under the symbol 40 HK.

ion lamps

This license
enables buyers to acquire COTCO white LEDs that incorporate Cree dice without
worrying about infringement of the '175 patent . Zhiguo Fu, Chairman of Advanced Battery.1% to
S$1. In March 2005, GP Batteries announced the 40% acquisition
of Jetview Limited, which is primarily engaged in the design and
assembly of Li-Ion and Lithium Polymer battery packs for notebook
computers and other electronic devices in Taiwan and China for sale to
the OEM market worldwide.8 million for the
corresponding quarter last year. However, this was partially offset by the 34%
decrease in sales of 9-volt Alkaline batteries .

firefly ion

com.

About Advanced Battery Technologies, Inc.com

Investor Relations:
M."

Business Review of Sinpapore-listed GP Batteries

4th quarter ended March 31

GP Batteries' turnover for the three months ended March 31, 2005
was S$222.1% over the previous year .com

( (a) shareholding % as at May 23, 2005)

Background information on GP Batteries:

GP Batteries International Limited, a member company of Gold Peak,
is principally engaged in the development, manufacture and marketing
of batteries and battery-related products.

rigging carbides

Advanced Battery Technologies, Inc. Bradford Randolph
Randolph + Wang, Inc.1%-owned by the
Singapore -listed GP Industries Ltd which is an 87.9% over the corresponding
period last year.
Sales to Europe for the year in review rose by 20% due to strong
demand and the appreciation of the Euro.8 million consist of losses provided for
the Danionics project of S$19., had commenced production of primary Lithium
batteries since the beginning of 2005.

Notes to Editor

Background information on Gold Peak:

Gold Peak Group is an Asian multinational group which owns a
diversified portfolio of high-quality industrial investments via its
major industrial investment vehicle, the Singapore -listed GP
Industries Limited.
GP Batteries' major production facilities are located in Hong
Kong , China, Singapore, Taiwan, Malaysia and Denmark, supported by
marketing and trading offices in Singapore , Hong Kong, Taiwan, China,
South Korea, Malaysia, Thailand, Poland, France, Germany, Italy,
Sweden , the UK, Canada and the US.com
Gold Peak's ordinary shares are listed on the Hong Kong Stock
Exchange .

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(Nasdaq: CREE), a leader in solid-state lighting technology, has licensed
COTCO to manufacture white LEDs under Cree's white LED patent, U. Robert Steele, Director of Strategies Unlimited's
Optoelectronics Practice in Mountain View, Calif. GP Batteries has already started price
revisions to selected markets in its attempt to improve margins. GP Industries, GP
Batteries and CIH are listed in Singapore.goldpeak .

lithium fluorescent

The license agreement, announced recently, authorizes COTCO to
practice the licensed patent using Cree-supplied dice, removing a barrier to
the acquisition of these increasingly popular LED products ."
"Through this arrangement, Cree and COTCO are taking an important step to
bring more white LEDs to the marketplace. About 75
percent growth was seen in the use of white LEDs for backlighting full-color
displays, as well as there being significant growth in keypad backlighting
applications using white LEDs.
Based in Hong Kong, COTCO is one of the leading companies in the HB LED
industry .hk
bzee@consultancy-pr.
The Company's products include rechargeable PLI batteries for electric
automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies
and other personal electronic devices.

Full year ended March 31

For the year ended March 31, 2005, GP Batteries ' turnover was
S$893.G.

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8 million.
The joint venture factory with Sanyo Energy of Japan , Ningbo GP
Sanyo Energy Co.

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It expects
to see a continued upswing, especially from manufacturers in China, as world
demand increases in line with analysts' expectations. "This agreement
between COTCO and Cree is part of an ongoing movement we see of companies
trying to stake out non-infringing , white LED technology," he said. The Company
operates in the highest growth sector of the battery industry, with PLI

batteries projected to account for one fourth of the market for IT and
communications devices by 2005.com/zqenglish/index.2 million over the previous year.3 million from
the revaluation of investment properties and investments.

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Since executing this deal,
COTCO has already seen a significant increase in white LED sales. COTCO's manufacturing facilities are all awarded with
ISO9001, ISO /TS16949 and ISO14001 accreditations.zqpt. Other risks are identified in
the company's most recent Annual Report on Form 10-KSB, as filed with the SEC,
recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current
Reports on Forms 8-K and 8-K/A, and other SEC filings that discuss some of the
important risk factors that may affect our business, results of operations and
financial condition., announced its consolidated results for the year
ended March 31, 2005.9 million, an increase of 8. Gold Peak ADRs, each equal to ten
ordinary shares, trade on the NASD OTC Bulletin Board under the symbol
GPINY.

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, this deal marks a
significant step in the evolution of the LED industry. Advanced Battery Technologies Sees Large Replacement Market for Its Mine-Use
Lamp

NEW YORK, Advanced Battery Technologies,
Inc.
The new mine-use lamp safety standard GB 7957-2003 requires all mine-use
lamps to have the following characteristics: two light sources, fire-retardant
wire, a static prevention shell, a higher anti-shock standard, and a higher
standard for battery safety. ABAT's batteries combine high-energy
chemistry with state -of-the-art polymer technology to overcome many of the
shortcomings associated with other types of rechargeable batteries.

For more information about Advanced Battery Technologies, Inc.
Tel: 212-759-0097
Email: mbr@randolphandwang. A net exceptional loss of S$18.2 million, against a profit of S$7.8
million. This was mainly
attributed to the decrease in advertising and promotion as well as
lower payroll costs incurred during the year.0 million; compensation, medical and
hospital expenses of workers affected in GP Batteries' two plants in
Huizhou, China of S$6 .
Gold Peak Group has manufacturing, research + development,
marketing and distribution operations in more than ten countries
around the world.
For more information, please visit our website at www.

hds pmi

According to research firm Strategies in Light, white
LEDs represent half of the $3. Of
these 17 manufacturers, only Advanced Battery has a PLI battery that is
qualified under the new standard .

The consolidated net profit after taxation and minority
interests attributable to shareholders decreased by 96.
Turnover rose mainly due to sales of Alkaline primary cylindrical
batteries which increased by 45% and NiMH rechargeable batteries which
increased by 12% over the same period last year.2 million to S$1.

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1% subsidiary of
Gold Peak. However, this was
negated by the 60% decrease in turnover of 9-volt Alkaline batteries.

petzl caving

"
White LED has been the focal point of solid state lighting research and
development for some time given its promise to eventually replace the
traditional light bulb because of the tremendous energy savings and durability
associated with LEDs."

About COTCO International
COTCO International Limited is a world-class quality LED components and
products manufacturer that has pioneered the development and delivery of LED
(light emitting diodes) products and technology for lamps, modules, displays
and other applications since its establishment in 1982.

Advanced Battery Technologies Inc. Named as Qualified Mine-Use Lamp Manufacturer in China Under New Government Regulation

Contact:
Ming Liu
Director and Secretary
Advanced Battery Technologies, Inc.1% over the previous year.
GP Batteries is still reassessing the prospect of the entire joint
venture in Danionics Asia Limited, while the wholly-owned subsidiary
in Denmark, Danionics International A/S, went into bankruptcy
proceedings in early May 2005.

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The white LED -- considered to be the leading contender in solid state
lighting technology -- is expected to eventually replace the traditional light
bulb and be used more commonly in white lighting situations.
COTCO is one of the first Asian companies to obtain a license under the
'175 patent to use Cree's inGaN nitride LEDs and patented phosphor conversion
technology. "The agreement will reinforce the
increasing awareness and respect for intellectual property in the industry,
and can enable increased sales of white LED applications to our customers. For more information,
please contact the Asia Pacific headquarters in Hong Kong at (852) 2424-8228
or visit at http://www. These risks and uncertainties
include, without limitation, risks that forecasted replacement sales of mine -
use lamps will be different than forecast or that the company's production
lines will not be able to fulfill the orders.

2004/05 Financial highlights of Singapore-listed GP Batteries
International Ltd

GP Batteries' turnover for the year ended March 31, 2005 was
S$893.

Prospects of Singapore-listed GP Batteries

Commenting on GP Batteries' prospects, Andrew Ng, Chairman and
Chief Executive of GP Batteries, said, "The general business outlook
remains difficult in view of rising interest rate and as raw material
prices remained at high levels. The Nickel Metal Hydride ("NiMH") rechargeable
batteries operations in Malaysia will henceforth shift to China.9 million, an increase of 8. During the year, GP Batteries recorded a net exceptional loss
of S$18.
The increase in finance expenses for the year was mainly due to
the increase in interest rates and bank borrowings ., Ltd.
GP Batteries has continued on the follow-up work of the Cadmium
issue in its factories .

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Patent No.htm

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
This news release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995, may involve risks, uncertainties and other factors that may cause
the company's actual results and performance in future periods to be
materially different from any future results or performance suggested by the
forward-looking statements in this release.
Other operating income for the year were S$7. In the industrial sector , the Group has established a
leadership position in Asia for most of its product categories
including GP Batteries and CLIPSAL electrical installation products.

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Agreement Clears the Way for Increased Adoption of White LED

COTCO Expected to See Surge in Worldwide Business from China as a Result

HONG KONG, June 7 /Xinhua-PRNewswire/ -- Clearing the way for the
increased adoption of white light emitting diodes (LEDs), COTCO International,
a pioneer in the development and delivery of light emitting diode (LED)
products for over 10 years, announced today that U.cotco.S.
Topaz Partners
Bill Wrinn
+1-781-388-7900 x217
bwrinn@topazpartners. GP Batteries expects this new acquisition to
contribute positively in 2005/06.
Sales to Europe registered strong growth and increased by 34% over
the corresponding quarter while sales to other markets remained
steady.
GP Batteries has been listed on the Mainboard of the Singapore
Exchange Securities Trading Limited since March 1991 and is currently
a component stock of the BT Singapore Regional Index.

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com. (ABAT),
please visit: http://www.8 million was
recorded.

GP Batteries is a member company of Gold Peak Industries
(Holdings) Ltd (SEHK code: 40)."
In its effort to reduce cost, GP Batteries is closing its 9-volt
Danish plant and consolidation of the manufacturing of 9-volt Alkaline
batteries into the Malaysian factory will be completed by the second
quarter of 2005/06.
Gross profit margin of 14% was lower than the corresponding
quarter last year of 29 %. This was mainly due
to dividend income from investments.
The share of results of associates for the year ended March 31,
2005 decreased by 38. Battery Co (China) Ltd due to
increase in raw material prices.
For more information on GP Batteries, please visit
www.

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According to Dr . Also, we expect
to capture a strong share of the market in northeast China where our factory
is located," commented Mr.1%(a) interest in GP Batteries International
Limited and a 67. Effective March
19, 2004, it becomes a constituent of the FTSE Global Small Cap Asia
Pacific ex Japan Index.