Asiaone 1-42

USE OF PROCEEDS
The net proceeds from our Invitation, after deducting estimated issue expenses, are estimated to be
approximately $85.6 million, assuming the Over-Allotment Option is not exercised.
We intend to use the net proceeds in the following manner:-
(a) approximately $10 million to expand our Group’s network infrastructure, computer equipment
and software applications;
(b) approximately $15 million to finance our Group’s marketing and advertising campaigns;
(c) approximately $20 million to invest in new joint ventures and to develop the businesses of our
joint ventures;
(d) approximately $20 million to fund strategic investments, alliances and partnerships; and
(e) the balance to finance the expansion of our existing businesses as well as the working capital
requirement of our Group.
From time to time we may acquire or make investments in additional businesses, products and
technologies or establish joint ventures or strategic alliances that we believe will complement our
current and future business. Some of these acquisitions or investments could be material. However,
save as disclosed in this Prospectus, we have no specific agreements with respect to any material
acquisition or investment at this time.
Pending the deployment of the net proceeds as set out above, we may use the net proceeds as
working capital for our Group, invest in short term money markets or debt instruments, or place on
fixed deposit with banks or financial institutions, as our Directors may deem appropriate.
34