Top Firms to Provide Complete Startup Services to DragonVenture’s
Portfolio Companies in the U.S. and Greater China

SAN JOSE, Calif. May 14, 2001  DragonVenture, Inc., (www.dragonventure.com) the premier cross-Pacific, soft incubation and venture capital company, today announced it has chosen King & Wood and Deloitte & Touche Chinese Services Group-USA to provide legal and accounting services for its technology portfolio companies. The alliances solidify DragonVenture’s full spectrum of soft incubation services that now include legal, accounting, marketing, technical and engineering, business development and sales.

These relationships provide a solid foundation to help cultivate the success of DragonVenture’s startup technology companies. The services are focused on enhancing the tremendous growth opportunities in the telecommunications, Internet infrastructure, and Linux markets in greater China and the United States.

“While venture capital firms in today’s economy are ‘going back to basics’ by focusing on incubation services for its portfolio companies, DragonVenture has always made the unique ‘total services’ approach a focal point,” said Bobby Chao, Co-Founder and Chairman of DragonVenture, Inc. “Using topnotch organizations like King & Wood and Deloitte & Touche, both of which have extensive experience and presence in Greater China and the U.S., offers significant advantages for our companies that will help them compete in the next economy.”

“Our partnership with DragonVenture presents a win-win situation for both parties,” said Charles Law, Managing Partner for King & Wood. “As a leading law firm in the Greater China and San Francisco Bay Areas, it makes absolute sense for us to partner with a VC focused on cross-Pacific interests.”

About DragonVenture, Inc.
Launched in June 2000, DragonVenture, Inc. is the premier, cross-Pacific consulting and venture capital company specializing in the Greater China marketplace. DragonVenture focuses on emerging companies in the areas of telecommunications, Internet infrastructure and the Linux operating environment. The company provides startup and soft incubation consulting to its portfolio companies. DragonVenture, Inc. is located at 20 Great Oaks Blvd. Suite 130, San Jose, and CA.95119. For more information visit www.dragonventure.com.

About King & Wood
Founded in 1993, King & Wood is a leading law firm in China with extensive experience in all major areas of domestic and international law practices. As one of the largest law firms in China with over 100 practicing attorneys, King & Wood provides high quality and efficient legal services to Chinese and foreign clients alike. King & Wood is headquartered in Beijing, China, with offices in Shanghai, Shenzhen, and Chengdu, as well as San Francisco and the Silicon Valley in the United States. For more information please visit www.kingandwood.com.

About Deloitte & Touche, Chinese Services Group-USA
Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For” in America by Fortune® magazine for four consecutive years. With over 400 professionals working in Beijing alone, Deloitte & Touche Chinese Services Group is focused on providing tax and professional consulting to China’s emerging market. For more information please visit www.us.deloitte.com or contact Lili Zheng at 408-993-4313 or Terry McCarthy 408-993-4450.