General Announcement Reference No O&-040212-62882

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	12/02/2004

Type	:	Announcement
Subject	:	ASIAEP BERHAD ("ASIAEP" OR "COMPANY") MEMORANDUM OF COOPERATION

Contents :

We refer to the announcement dated 9 February 2004, whereby K&N Kenanga announced that the Company had on even date executed a Memorandum of Cooperation ("MOC") with Beijing Netthinker Co. Ltd.

The Directors have confirmed that none of the Directors or substantial shareholders of ASIAEP or persons connected with them have any interest, direct or indirect, in the MOC.

This announcement is dated 12 February 2004.