Hong Kong/Massachusetts ... (April 9, 2008) Mr. Lee Man Tat, Group Chairman of Lee Kum Kee, is inducted into Babson College’s Academy of Distinguished Entrepreneurs (ADE). Lee Kum Kee is a renowned international Chinese sauces and condiments brand which markets a wide range of savory products to more than 100 countries and regions in the world. Lee Kum Kee is the first Chinese business to receive this award.

The ADE was established in 1978 by Babson College (www.babson.edu). Since its inception, the academy has recognized and honored many of the most successful entrepreneurs in the world. Inductees are chosen not only for outstanding business accomplishments in their fields, but also for their contributions to society. Academy members represent companies that are highly regarded in their industry and household icons in their culture. They have capitalized on the need for change, accepted the associated risk and responsibility, and made an impact on the world. The energy and innovation embodied by these individuals will be realized and applauded for many generations to come.

"We have just celebrated the 120th anniversary of the founding of Lee Kum Kee. Through embracing the core values of pragmatism, integrity and constant entrepreneurship as well as considering other’s interest in handling our everyday affairs, we have sustained the business for well over a century. The award of this honor is an endorsement that we have been on the right course. This is most encouraging to me and to everyone in the company."

Mr. Lee added, "Our vision is to turn our family business into the model of ethnic Chinese enterprise. Our missions are "to promote Chinese cuisines worldwide" and "to promote Chinese herbal health products to people around the world".