ARCHIVE 2005

Leading venture capitalists invest USD 21 m in net263

SHANGHAI—February, 2005—As part of a consortia lead by ChinaVest, a leading specialized merchant bank focused on the intersection of Chinese entrepreneurship and international market trends, Invision has participated in a US$21 million pre-IPO financing round of converged communications services provider Net263. Bruce X. Lee, Founder, Chairman and CEO of Net263, said Net263 will use the equity capital to support the expansion of the Company’s services and to leverage its rapidly growing subscriber base of over 30 million customers to lead the national expansion of integrated communications services into new and underserved geographic markets in China.

About Net263

Net263 is the largest independent national provider of integrated communications services, including internet telephony (VoIP), paid e-mail, short messaging services (SMS) and internet access for individual and enterprise users in China. The company’s unique advantages include a license portfolio of five new telecom services for nationwide voice and data services and a proprietary platform that allows users to access an integrated suite of next generation products from the internet or telecom.

About Invision

Invision invests in later-stage technology companies in the fields of information and communication technology and life sciences throughout Europe, the US and Asia. Founded in 1996 the Zug-based company has successfully managed four international funds and currently manages a total fund volume of more than € 250 million. Overall Invision has invested in over 50 companies out of which 13 were exited through IPOs, 10 through trade sales, and 2 through PIPE transactions. For more information about Invision go to www.invision.ch.