Rose Parade to Feature Peoples Republic of China

For the
first time in its history, the Rose Parade will feature a float representing
the

Peoples

Republic
of

China
and its hosting of the XXIX Olympiad, according to an announcement by Ronald
Conzonire, executive vice president of the Tournament of Roses Association.

The float
is being co-sponsored by the Roundtable of Southern California Chinese-American
Organizations and Avery Dennison Corporation. The announcement was made today at
a meeting with a delegation from the Beijing Organizing Committee for the
Olympic Games (BOCOG) at Tournament Association headquarters.

Ms. Wang
Hui, Director of Media and Communications – Beijing Organizing Committee for
the Games of the XXIX Olympiad, noted that the 2008 parade theme, Passport to
the World’s Celebrations, is a perfect one for the first

China float as
it prepares to host the 2008 Olympic Games.

The float
will launch

China’s Olympic
year featuring the Summer Games of the XXIX Olympiad that start August 8 in

Beijing, according to Sue
Zhang, chair of the Roundtable of Southern California Chinese-American
Organizations.

“Avery
Dennison has been doing business in

China
for over 15 years and we are proud to co-sponsor a float that will highlight
the economic success of

China
of the 21st century and the first Olympic Games ever hosted by

Beijing,” said Dean A. Scarborough, president
and CEO of Avery Dennison. “Having

China participate in one of our
most American of celebrations demonstrates the important link between the two
countries.”

“It is
very exciting to be part of this historic milestone,” said Zhang.
“Our Roundtable, a group of Los Angeles Chinese-American leaders, is
pleased to be able to participate in partnership with Avery Dennison.”

“It
appears that after 119 years we have another first for the Tournament of Roses,”
said Conzonire. “We could not be more pleased to welcome these two
organizations and this float entry that perfectly reflects the 2008 theme, Passport
to the World’s Celebrations.”

“I’m
thrilled about

Beijing’s
entry in the Tournament of Roses Parade, which is a long time dream of the
China Committee of Pasadena Sister Cities,” said Mayor Bill Bogaard. “On
January 1, as history is being made by the float spotlighting the 2008 Olympic
Games,

Pasadena
will be viewed on a global stage as a city that understands and celebrates the
spirit of the Olympics.”

Festival
Artists Worldwide has been selected to create the historic Chinese entry and a
preliminary design was unveiled today. It will capture the beauty of
traditional

China juxtaposed
with the new

China
of the 21st Century.

Members of
the Roundtable of Southern California Chinese-American Organizations include:
Sue Zhang, president, Tsinghua Education Foundation of North America; Gareth
Chang, chairman, GC3 International Corp.; Dunson Cheng, chairman & CEO,
Cathay Bank; Grace Chew, vice president, Hong Kong Association of Southern
California; Leo Chu, chairman, Hollywood Park Casino & Hotel; Feng Deng,
director, Tsinghua Education Foundation of North America; Michael Fulton,
president and CEO, Western Market, Comerica Bank; May Hsu, president, China
Electronic Commerce Association North American Office; Evans Lam, senior vice
president, Citi Smith Barney; Richard Lee, chairman, Amsino Corporation; and
Yuling Li, president, American International Cultural Exchanges Foundation.

The
Roundtable and Avery Dennison plan a series of events in

Southern
California throughout the year to promote Chinese-American
cooperation and showcase the Rose Parade float, noted Zhang. Kicking off the
series will be a performance at the Pasadena Civic Auditorium on August 9, 2007
by a group of young performing artists specially flown in from

Beijing to commemorate the beginning of the “One
Year Countdown” to the Beijing Olympic Games. The 2007 celebrations will
culminate with two gala cultural performances entitled “Approaching the Beijing
Olympic Games” at the

Staples

Center on December 28 and
29, 2007.

Avery
Dennison’s participation in these events reflects its growing presence in

China, where it
has invested more than $200 million during the last decade and has operations
representing each of its major business groups. It currently has 19 facilities
and approximately 6,000 employees in

China, including a major research
facility it opened in January and a Retail Information Services manufacturing
facility it opened last week to serve the apparel industry. Avery Dennison is
scheduled to open a Specialty Tape plant in Kunshan, near

Shanghai, in mid June that produces
technically advanced pressure-sensitive tapes for industrial and consumer
products.