For Immediate Release

HIGHLIGHTS FOR THE YEAR

The Group recorded a profit of HK$47.1 million, compared to a net loss of HK$131.6 million in 2004.
EBITDA for the Group recorded a substantial increase of 282.1% to HK$45.2 million for 2005 compared to HK$11.8 million for 2004.
The Group continues its efforts to expand its geographical presence in key markets.
The Group's ZONE business made significant progress with VoIP product and service offerings.

HONG KONG, 24 March 2006 -- e-KONG Group Limited ("the Company" or "e-KONG") today announced its final results of the Company and its subsidiaries ("the Group") for the year ended 31 December 2005.

During the year under review, the Group achieved a significant milestone in recording a full year net profit of HK$47.1 million compared to a net loss of $131.6 million in 2004. The Group's ZONE telecommunications companies ("ZONE") in the United States and in Asia further expanded their existing businesses with the introduction of new products and services and enlarging their geographical reach beyond historic territories.

Total turnover of the Group was HK$422.6 million compared to HK$402.7 million for the prior year. EBITDA (earnings before interest, taxation, depreciation and amortisation) for the Group increased by 282.1% to HK$45.2 million for 2005 compared to HK$11.8 million for 2004. The Group's gross profit increased by 4.8% from HK$147.8 million in 2004 to HK$154.9 million in 2005.

During the recent months, the Group has not only reached profitability but has also made measurable progress in two key strategic areas: the expansion of its geographical presence in key markets in North America and in Asia and the development of its existing service offerings to include other Internet Protocol (IP)-related telecommunication products and services.

ZONE US continues to promote its consumer Voice over Internet Protocol ("VoIP") products and services through channel partners and resellers. As for the corporate market, ZONE US's experienced sales teams, located in major US cities, are expected to increase market share in this sector. While the Group continues to grow its market share in the United States through organic growth, it has also actively pursued a variety of acquisition opportunities. In January 2006 the Group announced the acquisition of certain assets in connection with the provision of long distance telecommunication services in the United States. This acquisition is expected to help further boost the Group's market position and distribution network in the United States, including securing as long-term customers certain independent local exchange carriers (ILECs) and telephone companies across the Central and North-western states and other regions.

At the end of 2005, ZONE Hong Kong and ZONE Singapore (collectively, "ZONE Asia") extended their presence beyond their respective territories by acquiring state-of-the-art VoIP-related technology that is being developed by a technology partner of ZONE Hong Kong which has research and development (R&D) facilities in Shenzhen and Beijing. This initial presence in those locations will provide ZONE with a base for exploring and participating in related business opportunities and also for extending its presence into other regions in China. The technology platform is currently used by ZONE Hong Kong for its VoIP services and is also used by a number of channels and resellers in different parts of China for VoIP-related services. This R&D team is currently developing a number of VoIP products, including peer-to-peer (P2P) "softphone" which ZONE plans to launch in the second half of 2006.

"I am very pleased with the profitable results achieved by the Group for 2005 and extremely excited about the growth and acquisition opportunities available to ZONE in the coming year, particularly in the VoIP-related space. Looking ahead, the Group is optimistic that it can expand further in the United States, where it is beginning to establish a substantial presence, and hopes to make significant penetrations into the two largest emerging markets, China and India" said Mr. Richard Siemens, Chairman of e-KONG.

Note: The full text of the Group's 2005 Final Results announcement can be accessed through the e-KONG's corporate web-site at: www.e-kong.com/investors/announcements.htm

e-KONG Group Limited is listed on the main board of the Hong Kong Stock Exchange (SEHK: 524) and maintains a sponsored Level 1 ADR programme through The Bank of New York (Ticker Symbol: EKONY). The Company's ZONE telecommunications business provides innovative services using its patented web-enabled technology which allows customers' access to an unrivalled choice of telecom services from multiple providers while empowering them with tools to effectively and efficiently manage their telecommunications needs.