Acquisition of Leader Smart

UniVision Engineering Ltd
02 October 2006


Embargoed until 7am                                             2 October 2006



                            UniVision Engineering Ltd
                          ('UniVision' or 'the Group')
                                        
              Spearheading Growth into China Though the Acquisition
                      of Leader Smart Engineering Limited


UniVision, the Hong Kong based designer and installer of digital surveillance 
and integrated security systems, today announces the acquisition of a Hong Kong 
registered Electrical & Mechanical (E & M) contracting company, the Leader 
Smart Engineering Limited ('Leader Smart-Hong Kong').

Leader Smart-Hong Kong is the holding company of Leader Smart Engineering 
(Shanghai) Ltd ('Leader Smart-Shanghai'). Both companies have their licenses 
and permits for their E&M businesses locally and the directors believe that the 
acquisition of the holding company will result in greater business integration 
and investment.

The consideration for the acquisition of the 100% equity interest in Leader 
Smart-Hong Kong is HK$8,849,800 (approx. £610,331). The consideration is to be 
satisfied by: i) the issue of approximately 5,363,990 shares in the Group at a 
price of 4.5p each (the 'Consideration Shares') and; ii) HK$5,349,811 
(approx. £368,952) in cash. Application has been made for the Consideration 
Shares to be admitted to AIM with admission expected to take place on 10 
October 2006. The vendors of Leader Smart-Hong Kong have undertaken to the 
Board of UniVision that they will not dispose of any of the Consideration Shares
for a period of two years from admission without the prior written consent of 
the Board of UniVision. Besides, the vendors have also guaranteed that a 
business profit of RMB3,000,000 (approx. £204,040) be achieved for the financial
year 2007.

Leader Smart-Hong Kong has many years of experience and expertise in E&M works 
and related building services in Hong Kong and with the management intends to 
expand the business into the China market. Leader Smart-Shanghai was 
established in 2005.  Leader Smart-Shanghai is one of the foreign contracting 
companies in Shanghai approved by the Shanghai Construction Bureau as Class 
2 for both Interior Design and E&M installation in China.

This acquisition will optimize the UniVision Group's foreign exchange flow 
efficiencies. As Leader Smart-Shanghai is 100% owned by a foreigner (Leader 
Smart-Hong Kong), the free flow of RMB is allowed by the PRC authorities after 
the necessary legal obligation been fulfilled, which can help smooth the 
operational cash flows of the UniVision Group after the acquisition. The Board 
of UniVision is confident that this acquisition will create important synergies 
for the UniVision Group to expand the businesses in both Hong Kong and Mainland 
China. Since the Leader Smart companies aim to provide the highest quality 
services to their clients in the most cost effective manner and be responsible 
for their implementation, integration of their project works and services 
should create new opportunities for UniVision to expand its CCTV security 
systems market exposure and provide turnkey solutions for building services. 
The UniVision Group has always endeavored to provide its customers with a 
'total security solutions' package.

In addition, UniVision's Taiwan subsidiary, T-Com Tech. Co. Ltd, has already, 
in August 2006, introduced Taiwanese investor projects in China to Leader 
Smart-Shanghai's operation. The Board of UniVision therefore believes that the 
enlarged Group business will be able to attract additional prestigious customers
as well as diversify its business segments in the Greater China region.

Mr. Stephen Koo, Chairman of UniVision, commented: 'This is another major 
engagement for the Group which will allow us to expand further into the Mainland
China market. I am pleased with our acquisition and strongly believe that we are 
ready to take advantage of the significant business opportunities this will 
present. The synergies created by this acquisition should impact positively on 
our profitability and we are conducting further discussions with similar 
companies outside China with a view to expanding UniVision's market further.'

                                    - ends -



For further information visit www.uvel.com or contact:

UniVision Engineering Limited                         [phone]
Stephen Koo, Chairman
Johnny Tang, Finance Director


Tavistock Communications                               020 7920 3150
Christian Taylor - Wilkinson
Matt Ridsdale



Notes to Editors:

About UniVision Engineering Limited:
UniVision , incorporated in Hong Kong in 1979, is well established in Hong Kong,
Macau and China. The Group designs, sources and sells its own brand-name 
products and OEM products including, Microprocessor CCTV Control Systems, Video 
Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access 
Systems.

UniVision currently offers hybrid security systems and has a portfolio of 
cutting edge digital technology used by its blue chip client base and the Hong 
Kong Government. UniVision is included in the Hong Kong Government's list of 
'Approved Suppliers and Installation of Video Electronics Equipment'.

The Group listed on AIM, part of the London Stock Exchange, in December 2005.







                      This information is provided by RNS
            The company news service from the London Stock Exchange