2. Investment Strategy to Early Stage ZHU Wei 广东省风险投资集团董事 朱伟 July 3, 2008 Guangzhou

3. 2 2. Characteristics of Early Stage 3. Investment Strategy to Early Stage 4. Guangdong Venture Capital Group 1. Stages of Venture Investment

4. 3 Stages of Venture Investment Early Stage Growing Stage Expansio n Stage Later Stage

5. 4 Venture Investments by Stages

6. 5

7. 6

8. 7 1. Stages of Venture Investment 3. Investment Strategy to Early Stage 4. Guangdong Venture Capital Group 2. Characteristics of Early Stage

9. 8 Characteristics of Early Stage  Hard to evaluate  Management team lack of experience  Hands-on management  High Risk

10. 9 1. Stages of Venture Investment 2. Characteristics of Early Stage 4. Guangdong Venture Capital Group 3. Investment Strategy to Early Stage

11. 10 Case 1: Zhuhai Yueke Jinghua Electronic Ceramics Co., Ltd. Case 2: A Pharmacy Company

12. 11 Evaluation focuses:  Technology and Intellectual Property  Market space  Industrialization  Management Team

13. 12 1. Stages of Venture Investment 2. Characteristics of Early Stage 3. Investment Strategy to Early Stage 4. Guangdong Venture Capital Group

14. 13 Company Profile  Founded in Sept. 2000.  Has RMB1.2 billion under management.  37 projects in portfolios, 5 go public.  A leading Chinese venture company.

15. 14 Company Profile Investment stage:  Primarily invests in expansion and later stage financings.  Also invests in promising early stage projects.

16. 15 Guangdong Fenghua Advanced Technology (Holdings) Co., Ltd. Listed on the Shenzhen Stock Exchange. Stock code: 000636 Portfolio Company

17. 16 Guangdong Rongtai Industry Co., Ltd. Listed on the Shanghai Stock Exchange. Stock code: 600589 Portfolio Company

18. 17 Guangdong Well Science and Technology Corporation Listed on the Shenzhen Stock Exchange. Stock code: 002016 Portfolio Company

19. 18 Guangdong Hongtu Technology (Holdings) Co., Ltd. Listed on the Shenzhen Stock Exchange. Stock code: 002101 Portfolio Company

20. 19 Listed on the the Shenzhen Stock Exchange. Stock code: 002138 Shenzhen Sunlord Electronics Co., Ltd. Portfolio Company

21. 20 Thanks ！