Asiaone 1-42

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GENERAL INFORMATION ON OUR GROUP The following table illustrates this per Share dilution:- 51 ($) ($) Offering Price per New Share 0.60 Net tangible book value per Share as at 29 February 2000, adjusted for the Capital Injection and Share Split 0.05 Increase in net tangible book value per Share attributable to new public investors 0.07 Net tangible book value per Share after the Invitation, (assuming the Over-Allotment Option is not exercised) 0.12 Dilution in net tangible book value per Share to new public investors 0.48
INDUSTRY OVERVIEW BUSINESS The information provided in this section is derived from various private publications and/or public documents. This information has not been prepared or independently verified by us, the Manager or its affiliates, or our advisers. Growth in the Internet Market The Internet is a significant global communications medium, enabling millions of people to share information and conduct business electronically, and providing advertisers and merchants with an attractive means of marketing and selling their products and services. The use of the Internet as a global medium for communications and commerce has grown rapidly since the start of its commercialisation in the early 1990s. Major catalysts behind this rapid growth in the popularity of the Internet include the increase in personal computers and modem penetration, the introduction of easy-to-use navigational tools and utilities and the growth in the number of information, entertainment and commercial applications available on the Internet. Technological advances have led to more robust and lower cost and higher capacity infrastructures, improved security and increased value-added services and content. Another important factor in the widespread adoption of the Internet has been the emergence of a network of servers and information available. The web is a network medium, which offers content, activities and services. The rapid deployment of the web has introduced fundamental changes in the way information can be produced, distributed and consumed, lowering the cost of publishing information and extending its potential reach. The structure of web documents allows an organisation to publish significant quantities of information while simultaneously allowing each user to view selected information that is of particular interest in a cost effective and timely fashion. These trends have led businesses increasingly to explore opportunities of providing Internet-based applications and services within their organisations and externally to customers and business partners. The Internet as a Medium for Content Delivery More people are increasingly relying on the Internet for news and information. The Internet provides an efficient medium for the delivery of continuously updated original content. It is also becoming an important channel through which parties share information, opinions and ideas around the world. Although content providers can reach large audiences through traditional media, their distribution is often constrained by geography and they do not provide for interaction among the information providers and members of the audience. The Internet, on the other hand, permits users to rapidly access, search and interact with a wealth of content, regardless of where the users are geographically. Additionally, the Internet allows interactivity amongst users and content providers. However, as the Internet grows, people using conventional search and directory products are finding it increasingly difficult to locate a useful and authoritative source of information. While better and faster search engines begin to address this difficulty, we believe the promise of the Internet will only be fulfilled through the emergence of branded destinations that are authoritative and trusted sources of relevant information, products and services. The Internet as a New Business Medium The Internet provides an efficient means for advertisers to build valuable customer relationships through targeted advertising and promotion campaigns as well as for merchants to sell their products and services directly to customers. 52
Page 1 and 2: PROSPECTUS DATED 23 MAY 2000 SPH AS
Page 3 and 4: — Customers And Suppliers .......
Page 5 and 6: CORPORATE INFORMATION Board of Dire
Page 7 and 8: “FY” : Financial year ended or
Page 9 and 10: “Reserved Tranche” : The offer
Page 11 and 12: GLOSSARY OF TECHNICAL TERMS “onli
Page 13 and 14: The Application List will open at 6
Page 15 and 16: Allocation of New Shares under the
Page 17 and 18: RESULTS OF APPLICATION AND DISTRIBU
Page 19 and 20: SELLING RESTRICTIONS DETAILS OF OUR
Page 21 and 22: Our present business model is based
Page 23 and 24: THE INVITATION PROSPECTUS SUMMARY S
Page 25 and 26: An investment in our Shares involve
Page 27 and 28: We have a short operating history R
Page 29 and 30: RISK FACTORS We depend on a reliabl
Page 31 and 32: E-commerce operations RISK FACTORS
Page 33 and 34: RISKS RELATING TO THE SHARES RISK F
Page 35 and 36: USE OF PROCEEDS The net proceeds fr
Page 37 and 38: SELECTED FINANCIAL DATA You should
Page 39 and 40: ANALYSIS OF FINANCIAL CONDITION AND
Page 45 and 46: GROUP STRUCTURE Our group structure
Page 47 and 48: As at Authorised Share Capital 29 F
Page 49 and 50: GENERAL INFORMATION ON OUR GROUP Ex
Page 51: SHAREHOLDERS GENERAL INFORMATION ON
Page 55 and 56: BUSINESS The Singapore Information
Page 57 and 58: BUSINESS We recognise annual subscr
Page 59 and 60: Currently we do not engage in any b
Page 61 and 62: As at 30 April 2000, there were app
Page 63 and 64: Based on our internal records, we b
Page 65 and 66: BUSINESS The categories of products
Page 67 and 68: Auctions BUSINESS The Internet’s
Page 69 and 70: BUSINESS Designed for both consumer
Page 71 and 72: (ii) Button Ads BUSINESS Small adve
Page 73 and 74: BUSINESS While the Internet has sti
Page 75 and 76: Suppliers BUSINESS The suppliers wh
Page 77 and 78: BUSINESS In addition to the content
Page 79 and 80: BUSINESS We will be introducing new
Page 81 and 82: (ii) Message Boards BUSINESS We wil
Page 83 and 84: MARKETING AND BRANDING STRATEGY BUS
Page 85 and 86: INTELLECTUAL PROPERTY Our sharehold
Page 87 and 88: Equipment to support E-commerce Our
Page 89 and 90: BOARD OF DIRECTORS DIRECTORS, SENIO
Page 91 and 92: DIRECTORS, SENIOR MANAGEMENT AND ST
Page 93 and 94: Yuan Zhou, aged 37, is the Vice Pre
Page 103 and 104:
DIRECTORS, SENIOR MANAGEMENT AND ST
Page 105 and 106:
The Licence Agreement may be termin
Page 107 and 108:
As at the date of this Prospectus,
Page 109 and 110:
(viii) technical and research resou
Page 111 and 112:
(ii) transactions in value equal to
Page 113 and 114:
Entry into of forex, swap and optio
Page 115 and 116:
• 312,500 preference shares of pa
Page 117 and 118:
23 May 2000 The Shareholders SPH As
Page 119 and 120:
FINANCIAL STATEMENTS Profit and Los
Page 121 and 122:
FINANCIAL STATEMENTS Statement of C
Page 123 and 124:
FINANCIAL STATEMENTS Statements of
Page 125 and 126:
FINANCIAL STATEMENTS 2. Basis of pr
Page 127 and 128:
3. Significant accounting policies
Page 129 and 130:
3. Significant accounting policies
Page 131 and 132:
5. Cost of revenue (cont’d) FINAN
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10. Net earnings (loss) per share (
Page 135 and 136:
13. Fixed assets (cont’d) FINANCI
Page 137 and 138:
14. Trade creditors FINANCIAL STATE
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FINANCIAL STATEMENTS 17. Significan
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21. Subsequent events (cont’d) (e
Page 143 and 144:
GENERAL AND STATUTORY INFORMATION I
Page 145 and 146:
GENERAL AND STATUTORY INFORMATION 1
Page 147 and 148:
Article 66 GENERAL AND STATUTORY IN
Page 149 and 150:
Article 76 GENERAL AND STATUTORY IN
Page 151 and 152:
Article 102 GENERAL AND STATUTORY I
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GENERAL AND STATUTORY INFORMATION (
Page 155 and 156:
CONSENTS GENERAL AND STATUTORY INFO
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APPENDIX A 4. A person who has agre
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APPENDIX A 15. Investors may subscr
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APPENDIX A ADDITIONAL TERMS AND CON
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APPENDIX A (3) tick the appropriate
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APPENDIX A An Applicant must ensure
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APPENDIX A 9. The Applicant must ha
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APPENDIX A (d) in respect of the Ne
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APPENDIX A (d) This application is
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APPENDIX B RULES OF THE ASIAONE PRE
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3. ELIGIBILITY OF PARTICIPANTS APPE
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7. RIGHTS TO EXERCISE OPTIONS APPEN
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7.6 In the event that:- APPENDIX B
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APPENDIX B 10. TAKE-OVER AND WINDIN
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APPENDIX B 10.6 If in connection wi
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APPENDIX B 18.2 Save for the taxes
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To: SPH AsiaOne Ltd, News Centre, 8
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APPENDIX B ASIAONE PRE-IPO SHARE OP
Page 191 and 192:
APPENDIX C RULES OF THE ASIAONE (20
Page 193 and 194:
APPENDIX C “Parent Group” The P
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APPENDIX C 4.2 The number of Shares
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APPENDIX C (c) any other event appr
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APPENDIX C 9.3 Shares which are all
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14. MODIFICATIONS TO THE SCHEME APP
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APPENDIX C (c) (i) the names of, an
Page 205 and 206:
APPENDIX C Vesting Schedule Subject
Page 207 and 208:
Please print in block letters Name
Page 209:
Please print in block letters Name
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