St. John's Capital Group @ Stanford University

Pictured above from Left to Right: Mark Hsu of H&Q Asia
Pacific, Koji Osawa of Global Catalyst Partners,David
William of Merill Lynch, Edwin Yeh of St. John's Capital
Group, and Bob Grady of Carlyle Group speaking at
Stanford Univeristy's Asia Business Forum.

Palo Alto, California, April 9, 2002

Mr. Edwin R. Yeh was invited by Stanford University's Asia
Technology Initiative (ATI) program to kick off ATI's 2002
opening session on Monday, April 8, 2002. Every Monday
for the remainder of this quarter, a different speaker will be
invited to discuss issues related to Asia and Technology.

Mr. Yeh presented to the audience the current state of the
venture capital industry in Asia. He also provided
comparison on the aspects of entrepreneurship in Greater
China that are different from Silicon Valley.

"Because we are in the business of bridging
entrepreneurs and investors across the pacific", said Mr.
Yeh, "it is natural for us to volunteer our times to assist the
students at Stanford in their endeavor to be more educated
not only about the exciting opportunities but also some of
the challenges they might encounter."

On the following evening of April 9, Mr. Yeh was invited by
the Asia Business Forum (ABF), a group formed by MBA
students of Stanford University's Graduate School of
Business (GSB), to participate in a panel discussion with
several prominent experts in private equity investment in
Asia pacific.

Topic: The Evolving World of Venture Capital in Asia Pacific
Time: Tuesday, April 9th, 5:15pm - S 150

Featuring panel speakers:

- Mark Hsu (Vice President, H&Q Asia Pacific)
- Koji Osawa (Managing Principal, Global Catalyst
Partners)
- David Williams (former Partner at Draper Fisher
Jurvertson ePlanet)
- Edwin R. Yeh (former Partner at DragonVenture)

Moderators:
- Robert E. Grady (Managing Director, The Carlyle Group)
- William K. Reilly (CEO, Aqua International Partners)

Speakers' Bios:

- Mark Hsu (Vice President, H&Q Asia Pacific)
Mr. Hsu is the Vice President at H&Q Asia Pacific, a private
equity firm with 10 offices throughout the Asia Pacific
region and $1.8 billion under management. Before joining
H&QAP, Mr. Hsu was Director of Business Development at
Sina.com, a leading Chinese-language internet portal, in
which capacity he directed the development of Sina's
wireless and media strategies. Prior to Sina, Mr. Hsu was
a securities and Mergers/Acquisition attorney at Simpson
Thacher & Barlett in New York City, specializing in the
private equity industry.

- Koji Osawa (Managing Principa Global Catalyst
Partners)
Mr. Koji Osawa has over sixteen years of experience in
investment and management of high-tech companies in
Japan, U.S. and Asia. He co-founded Global Catalyst
Partners, L.P. (GCP-I) in 1999. Prior to GCP he was at
Mitsubishi Corporation for 14 years. Mitsubishi is the
largest trading firm in the world with sales of over $120B.

- David Williams '96
Currently working part-time consulting start-ups seeking
VC funding. Previously Head of Merrill Lynch's Asia Venture
Banking Group (2001); Partner, Asia Pacific with Draper
Fisher Jurvetson ePlanet Ventures (2000) and Head of
Merrill Lynch's Asia Pacific Internet Investment Banking
Group (1999 -2000). Before that VC related activity, David
was an investment banker with Salomon Brothers for
almost a decade
.
- Edwin R. Yeh (Managing Partner, St. John's Capital
Gropu; formerly Partner, DragonVenture)
Edwin, along with his partners, ran the venture capital
operation at DragonVenture. He is also advisor to three
successful Bay Area entrepreneurial associations:
'Stanford University's Asia Technology Initiative Program,
Silicon Valley Chinese Wireless Technology Association,
and Monte Jade Association Asian Americans
Entrepreneur Workshop. He co-founded Asiana Financial
and Verytop Fund Management and participated in the
operations of three additional startup including (successful
NetIQ IPO, Infowave, and ASAP). He also served as a
Board Director for Covault Corporation, a provider of billing
infrastructure software for wireless data service providers
and carriers.

Moderators' Bios:

- Bob Grady is a Managing Director in
Venture Capital at The Carlyle Group. He
is the managing partner of the firm's
flagship U.S. venture funds, Carlyle Venture
Partners I and II, which make investments
in growing early stage private companies,
with a particular focus on technology
infrastructure for enterprises; software
applications, technology and services for
communications networks; and healthcare
information technology and devices. In
addition, Mr. Grady coordinates Carlyle's
global venture capital operations, which are
composed of over $1.6 billion under
management. He sits on the Investment
Committees of Carlyle Venture Partners,
Carlyle Europe Venture Partners, Carlyle
Asia Venture Partners and Carlyle Japan
Venture Partners. Before joining Carlyle, Mr.
Grady was Managing Director at Robertson
Stephens, the San Francisco technology
investment bank. He served on both the
firm's Management Committee and its
Commitment Committee, and was
integrally involved in the sale of Robertson
Stephens, L.P., to BankAmerica
Corporation in 1997 and the subsequent
sale of BancAmerica Robertson Stephens
to BankBoston Corporation (now
FleetBoston Corporation) in 1998. Prior to
joining Robertson Stephens, Mr. Grady
served in the White House as Deputy
Assistant to President George Bush and as
Executive Associate Director of the Office of
Management and Budget (OMB). He had
previously served as Associate Director of
OMB for Natural Resources, Energy and
Science (1989- Speechwriter and Senior
Advisor for the successful 1988
Bush/Quayle Presidential Campaign
(1988); Director of Communications for
New Jersey Governor Thomas H. Kean
(1983-1986); and Legislative Assistant and
then Chief of Staff to U.S. Congresswoman
Millicent Fenwick (1979-1982). Since 1993,
Mr. Grady has served on the faculty of the
Stanford Graduate School of Business,
where he teaches a course focused on the
challenges of investing and managing in
highly regulated environments. Mr. Grady is
a graduate of Harvard College and of the
Stanford Graduate School of Business.

- William K. Reilly, CEO of Aqua
International Partners, brings a wealth of
international, political and industry
experience to the Aqua team. Mr. Reilly is
the former Administrator of the U.S.
Environmental Protection Agency
(1989-1993). He has served as president
of World Wildlife Fund (1985 -1989), the
largest private international institution
financing and managing environmental
projects in Asia, Latin America and Africa.
During his tenure at EPA, Mr. Reilly also
had responsibility for the largest program
of finance of water supply and wastewater
treatment by the U.S. government,
overseeing more than $8 billion in water
investments. Aqua International Partners,
L.P., a $232 million investment fund, was
established in 1997 to make private equity
investments in companies providing water
and water -related products or services to
emerging market

About Stanford Asia Technology Initiative
The Asia Technology Initiative (ATI) seeks
to promote the Silicon Valley spirit of
technology and entrepreneurship in Asia by
engaging Stanford and its peer institutions
across the Pacific in real-world high
ventures. The driving motivation behind ATI
is the belief that Asia will come into its own
as a developer of advanced technologies in
the decades to come. To this end, Stanford
--with its longstanding ties to the Silicon
Valley and its diverse Pan-Asian student
body--is well positioned to play an
influential role in shaping Asia's future.
Corporate Sponsorship Opportunity for
Stanford ATI Program is currently available.
In addition, the 2002 program is seeking
high -tech companies in the cities of
Shanghai, Tokyo, and Bangalore to host
students.

About Stanford Asia Business Forum
Asia Business Forum's mission is to build
Stanford GSB's brand equity in Asia by
leveraging our unique partnership with the
Silicon Valley, our reputation as the leading
business school in the New Economy, and
our prominent alumni network. One of our
main goals is to assist students who wish
to establish careers in Asia by helping to
create a resume database aimed at
companies in the Asia-Pacific region and
trying to attract more of these companies to
recruit at Stanford. As our career
development initiatives, we will help our
members build lasting business network
and professional relationships through our
Speaker Series and Panels Discussions
featuring top business leaders from Asia.
We will also work with the Global
Management Program and other Stanford
University resources such as APARC,
student organizations, and the Center for
East Asian Studies to draw in their
knowledge and network.