Major Shareholder:

• Mr. Tony Hoo ¡V 75.0% interest

Company Subsidiaries:

• Tiger Tech Corporation (100%): Provision of total thin client solutions

The Group is a total thin client solution provider and is principally engaged in the research development, sales and implementation of Enterprise Thin Client Solutions, Cable Network Thin Client Solutions and Customized Thin Client Application Solutions. The Group provides its customers in Greater China Region with thin client solutions by offering them one stop solutions which include the design of thin client network architecture, development and provision of operating and application software and hardware, system integration¡¦s as well as consultation services.

Thin client is a simple terminal or other computing device used to connect to servers where applications and data are stored and processed. Any user device connected via the thin client protocol is a thin client. A thin client device includes almost any computer, a mouse, a keyboard or a screen but certain thin client devices are optimized for the thin client protocol and provide greater cost saving since they usually do not have a hard disk and require much less maintenance costs.

Besides application and customized software, the Group has been also developing value added solutions/services such as remote thin client management solutions, which allows the administrator to access the server and configure the end user equipment at remote locations, since November 2002. The remote thin client management solution is expected to be launched around July 2003.

The Directors believe that the Group has the following competitive advantages:

• Its niche and experience in the provision of comprehensive thin client solutions and maintenance of a portfolio of self developed, widely applicable, scalable and re-usable total thin client solutions which is tailored to suit different needs of its clients;
• Its market focus on total thin client solution and building up its brand and image as a leader in this sector;
• Its well established relationship with established IT companies such as Microsoft, Synclayer;
• Its experienced management team which comprises IT experts and consultants specializing in business development; and
• Its experienced research and development team which comprises skilled IT professionals and technical personnel;

• Reliance on major customers and a limited number of customers;
• Reliance on ORM manufacturers;
• Reliance on Microsoft;
• Potential liability for infringement of third party intellectual property rights;
• Reliance on strategic relationships;
• Reliance on funding from initial management shareholders

The Group¡¦s overall business objective is to become a competitive total thin client solutions provider in both enterprises and the Cable Network sectors in the Asia Pacific region. The Group has identified the following key strategies to achieve this goal:

• To continue its focus on building up the brandname and image of ¡§TIGER TECH & Devices¡¨ which the Directors believe can assist the Group to capture additional market share and maintain a reasonable profit margin;
• To continue to form alliance with leading strategic and technology partners in implementing its total thin client solutions initiatives;
• To expand geographically through recruitment of channel distributors and leveraging on the global networks of certain business partners to penetrate into different markets; and
• To continue to commitment in research and development to as to develop and enhance its range of products;

The net proceeds from the Placing, after deducting the related expenses, are estimated to amount to approximately HK$20.7 million (based on the offer price HK$0.3 per share). The Group at present intends to apply the net proceeds as follows: