For Immediate Release

e-KONG LAUNCHES

AMERICAN DEPOSITARY RECEIPT (ADR) PROGRAM

May 16, 2003. e-KONG Group Limited("e-KONG " or the "Company), listed on the main board of the Hong Kong Stock Exchange (HKSE:524), today announced the launch of its Level 1 American Depositary Receipt (ADR) Program. The launch of this ADR Program is the first step in introducing the Company to the U.S. capital markets, but it does not involve any capital raising. No new shares have been issued by the Company pursuant to the ADR Program.

A Depositary Receipt is a negotiable certificate that represents a non-US company’s publicly traded shares. This Level 1 ADR Program enables the Company’s shares to be priced and quoted in US Dollars and traded as American securities in the "Over-the-Counter" (OTC) market in the United States. Each e-KONG ADR represents 200 e-KONG ordinary shares and trades under the symbol “EKONY”. The Bank of New York was appointed as the depositary bank under the Program and trading of e-KONG ADRs commenced on May 16, 2003.

This ADR program was established in response to an increasing demand from US investors requesting for such a means to invest in e-KONG. The Company’s profile in the US has increased since its wholly-owned subsidiary ZONE Telecom, Inc. (“ZONE US”) commercially launched its unique nationwide domestic long-distance and international telecommunications services in June 2001 under the brand names, "ZoneLD" - targeted at individuals and small businesses and "ZoneCMS" - targeted at large corporations and enterprises. ZONE US's patented web-enabled technology allows customers access to an unrivalled choice of telecom service providers while empowering them with tools to effectively and efficiently manage their telecommunications needs.

“Most of the investors interested in e-KONG are those who understand and appreciate the growth prospects of the ZONE’s business in the States” said Mr. Derrick Bulawa, President of ZONE Telecom, Inc. “Investing at the parent level provides the investors with an opportunity to participate in ZONE’s development in the United States while at the same time shareholders of the Company, including holders of the ADRs, will benefit from enhanced liquidity and broadened shareholder base of the Company.”

Investors who wish to participate in the ADR Program are advised to consult their professional advisers.

About e-KONG Group Limited

e-KONG Group Limited is listed on the main board of the Hong Kong Stock Exchange (HKSE:524) and its principal operating subsidiaries are in the business of providing innovative telecommunications services. The Company's key business ZONE provides a unique telecommunications service offering for the International Direct Dialling (IDD) and Domestic Long Distance (DLD) related markets in the United States, Hong Kong and Singapore. ZONE's patented web-enabled technology allows customers access to an unrivalled choice of telecom service providers while empowering them with tools to effectively and efficiently manage their telecommunications needs.

For further information on e-KONG Group, please visit: www.e-kong.com.

Please note: The correct form for the Company name is as follows: e-KONG (Lower-case "e" followed by a hyphen and upper-case KONG.)

About ZONE Telecom, Inc.

Zone Telecom, Inc. (ZONE US) is a United States Federal Communications Commission (FCC) licensed telecommunications carrier. ZONE US provides two distinct product offerings, ZoneLD, which services the individuals and small businesses and ZoneCMS targeted at the large corporations and enterprises markets. ZONE has developed a patented web-based interface for each service, which supports unique management and service capabilities for all of its customers.

ZONE US, headquartered outside of Philadelphia in Cherry Hill, New Jersey, is a wholly owned subsidiary of e-KONG Group Limited.

For further information on ZONE Telecom, Inc., please visit

www.ZoneLD.com and www.ZoneCMS.com

For more details please contact: