Date: March 2, 2006 (Thursday)

Venue: Taishan Room, Oriental Conference Center

2nd Floor, East Tower 2, Oriental Plaza, No.1 East Chang An Avenue, Beijing

There are number of prominent changes in the PRC regulatory framework concerning venture capital and private equity investment in 2006. Newly amended Company Law of the People’s Republic of China ("Company Law” 公司法) and Securities Law ("Securities Law" 证券法) became effective on January 1, 2006. "Notice Regarding Certain Administrative Measures on Financing and Inbound Investment by PRC Residents through Offshore Special Purpose Vehicles ("Circular 75” 75号文) issued by the State Administration of Foreign Exchange (SAFE) (国家外汇管理局关于境内居民通过境外特殊目的公司融资及返程投资外汇管理有关问题的通知) will be in full swing with the March deadline draws closer for registration of transactions closed prior to November 1, 2005. And "Provisional Administrative Measures Concerning Enterprises Invested by Venture Capital ("Measures 32”, 创业投资企业管理暂行办法) jointly promulgated by ten PRC government agencies will take effect as of March 1. This forum will focus on providing an in-depth and systemic analysis of those new rules and regulations and their impact on investment structuring of private equity and venture capital deals. We will invite senior lawyers and leading VCs to share their insights and practice. We thank DLA Piper for the generous support of this forum.

Matt Adler (Confirmed) 

Partner 

DLA Piper Rudnick Gray Cary UK LLP 

Helen Chiu (Confirmed) 

Senior Investment Manager 

Intel Capital 

Stanley Cha (Confirmed) 

Partner 

LLinks Law Offices 

Jem Li (Confirmed) 

Senior Associate 

Morrison & Foerster 

Haitao Jin(Confirmed) 

Chairman 

Shenzhen Capital Group 

Rocky Lee (Confirmed) 

Head of Venture Capital and Private Equity Practice 

DLA Piper Rudnick Gray Cary UK LLP 

Brandon Lin (Confirmed) 

Partner 

SAIF Partners 

Jianjun Liu(Confirmed) 

Director，Department of SME Development 

State Development & Reform Commission 

George Niu (Confirmed) 

Partner 

Global Law Office 

Morning Session10:00–11:45      

Overview of PRC Legal Framework                                                                            Concerning Venture Investing 

10:00-10:30 

Registration (refreshments will be served) 

10:30-11:00 

PRC investment deal structuring（Presentation） 

11:00-11:45 

PRC legal and regulatory landscape with respect to the Telecom, Wireless and New Media sectors 

12:45 – 13:30 

DLA Piper Networking Buffet Lunch 

Afternoon Session13:00–16:20     

Amended Corporate Law & Other Newly          Promulgated Regulations & Its Implications on the VC Community in China 

13:00 – 13:30 Registration 

13:30 – 15:00 

·Update on SAFE Circular 75 and issues related to its

   implementation; 

·Overview of the amended PRC Company Law ("New

   Company Law”), and explanations of its impact on

   deal structuring; 

·How can the New Company Law works with Circular 75 in

   your favor; 

·SAFE Circular 75 and its impact on fund formation; 

·Comments on other legal issues concerning deal

   structuring of venture investment such as preferred

   shares, stock options, etc. 

15:00 – 15:20 

Tea Break

15:20 – 16:20 

Overview and analysis of newly promulgated Measures 39 (十部委文), and how it related with Foreign Invested Capital Enterprises Rules (FIVCE) 

We are in the process of inviting speakers and panelists. 

The presentation and discussion will be conducted primarily in English. 

The last session will be conducted in Mandarin.