Asiaone 1-42

RISK FACTORS
• potential loss of key employees of any acquired business; and
• lack of familiarity with Asian market conditions and business practices.
We will need to be able to successfully integrate the acquired businesses and our failure to do so
could have a material adverse effect on our business, results of operations and financial condition.
Our strategy of expansion throughout Asia may expose our business to further risks
Our planned expansion into markets throughout Asia either through acquisitions, joint ventures or
other arrangements could expose our business to:
• unforeseen changes in legislation and regulatory requirements;
• potentially unfavourable tax and regulatory consequences;
• export and import restrictions and controls;
• tariffs and other trade barriers; and
• political instability and fluctuations in currency exchange rates.
These could have a material adverse effect on the success of our future expansion. Details on our
expansion plan are set out in the “Business – Expansion Plans” section of this Prospectus.
We rely on certain key management personnel
As disclosed in the “Business – Competitive Strengths” section of this Prospectus, one of our key
competitive strength is our experienced management. Our continued success is largely dependent
on the continued services of our key management personnel. The loss of the services of certain of
our existing key personnel, including Messrs Low Huan Ping, Tan Teck Huat and Heng Wah Koon,
if without adequate replacement, or the inability to attract and retain qualified personnel, could have
an adverse effect on us. There is no assurance that we can prevent our key personnel from joining
our competitors if better remuneration packages are offered to those key personnel. We may not be
able to recruit suitable candidates to fill the positions of those key personnel.
Failure to attract and retain qualified personnel could limit our growth
We need to recruit additional personnel to accommodate our anticipated growth. Competition for
employees with the necessary Internet related industry experience is intense. We may not be able to
retain existing employees or identify or recruit new employees because of that competition. If we fail
to recruit or retain the necessary personnel or if we lose the services of any of our key executives,
our business could be materially and adversely affected.
Failure by third party suppliers to provide software and hardware components could affect
our business and operations
We depend on third party suppliers of software and hardware components as disclosed in the
“Business – Product Development Initiatives” section of this Prospectus. We rely on components
that are sourced from a few key suppliers. The failure of our suppliers to meet increasing demand
may prevent them from supplying us with components and products as and when we require them.
If we are not able to develop alternative sources for such software and hardware, the expansion of
our network infrastructure could be delayed and become more costly. This could adversely affect our
operating efficiency and results of operations by, among other things, impairing our ability to execute
our strategy of rapidly increasing our market share.
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