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Group Profile

Hotung Investment Holdings Ltd, a venture capital firm with operations in Taiwan, the US and China, was incorporated in March 1997 and has been listed on the Main Board of SGX-ST since August 1997. It is the first and only Taiwan venture capital firm listed on the Singapore Exchange.

As of 31 Dec. 2007, the Group owned a substantial funds of NT$6,810 million invested in 147 companies. The Group's two business divisions are Venture Capital Investment and Fund Management Operation.

In Venture Capital Investment Business, it works through its 5 subsidiaries, Hotung Venture Capital, Daitung Development and Investment, Litung Venture Capital, Huitung Investments and Futung Venture Capital. In Fund Management Operations, through Hotung International Co Ltd. (¡§HIC¡¨) one of Taiwan¡¦s largest venture capital investment managers, currently manages and/or advises 11 funds globally and internationally. HIC, a value-added partner to our portfolio of companies, provides management and advisory services in respect of hundreds of investee companies.

The Group¡¦s investment portfolio is focused on key industry sectors that include semiconductor, LCD and communications etc. Over 70% of the Group¡¦s portfolio investments are in the greater China region, while the rest is basedin the US. In 2007, the Group made a total of 56 divestments, yielding capital gains of NT$951.5 million. Of these, 39 portfolio companies were fully divested, while 27 portfolio companies were partially divested.

Hotung Group was formerly known as Hotung Venture Capital Corp ("Hotung VC"). Hotung VC was founded by Tai Lung Capital Inc. (formally known as Tai Lung Corp.) NIF SMBC Ventures Co.,Ltd.(formally known as Nippon Investment & Finance Co Ltd) and Mega International Commercial Bank (formally known as Chiao Tung Commercial Bank Co Ltd) in June 1987.  In 1997, as part of the restructuring exercise conducted for purposes of the Company's public offering, the venture capital fund management contracts were transferred from Hotung VC to Hotung International Co.,Ltd. and Hotung VC became purely a venture capital fund. Hotung Investment Holdings Ltd was incorporated in Bermuda on 5 March 1997.

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