Press Release

For Immediate Release

HI CORPORATION Provides 3D Polygon Engine to
Chinese Company AMOI Mobile

HI CORPORATION (head office: Meguro-ku, Tokyo; President & CEO: Kazuo Kawabata; hereinafter "HI") announced today that the company has concluded an agreement with a Chinese mobile handset manufacturer AMOI MOBILE CO., LTD. (hereinafter "AMOI") for HI to license "Mascot Capsule Engine Micro3D Edition" (hereinafter "Micro3D Edition")to AMOI for embedding into AMOI's mobile handsets.

AMOI is a Chinese mobile manufacturer under local ownership with a growing market share in the country. The agreement recently reached between HI and AMOI calls for HI to supply AMOI a one-year license to embed Micro3D Edition in mobile handsets which AMOI will produce for sale either in China or abroad. This means that mobile handsets capable of operating 3D items will be supplied to Chinese and foreign markets in the near future, resulting in market expansion for 3D content throughout the world. The sale of handsets embedded with Micro 3D Edition under this license will start in 2004.