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INTELLECTUAL PROPERTY<br />

Our shareholder, SPH, has filed for trademark applications to register the trademark “ASIAONE &<br />

device” in various jurisdictions. As at 29 February 2000, the status of the various trademark applications<br />

were as follows:<br />

Country/Class* 9 16 35 36 38 39 41 <strong>42</strong> 52 106 112<br />

Australia — — R R R — R R — — —<br />

Canada R R R R — R R R — — —<br />

China — — R R R R R R — — —<br />

European Union R R R R — R R R — — —<br />

Hong Kong — — P P P P P P — — —<br />

Indonesia — — R R R R R R — — —<br />

Japan — — R R R R R R — — —<br />

Korea — — — — — — — — R R R<br />

New Zealand R R R R — R R R — — —<br />

Philippines — — P P P P P P — — —<br />

Republic of China — — R R R R R R — — —<br />

Singapore — — P P A P P P — — —<br />

Switzerland R R R R — R R R — — —<br />

United States — — R R R — R R — — —<br />

* Classification of Goods and Services as listed in the Third Schedule of the Trade Marks Rules (Chapter 332) of Singapore<br />

Key:<br />

A — advertised; awaiting Certificate of Registration<br />

P — pending<br />

R — registered<br />

SPH has assigned all the rights and benefits of the above trademarks to us by way of the Business<br />

Transfer Agreement dated 25 November 1999.<br />

GOVERNMENT REGULATION<br />

BUSINESS<br />

To date, regulations have not materially restricted the use of the Internet in our markets. The following<br />

is a summary of the legal environment in Singapore relating to the use of the Internet.<br />

The Singapore Broadcasting Authority (“SBA”) regulates Internet content in Singapore. Under the<br />

SBA’s regulations, Internet content providers who provide information on the World Wide Web<br />

(including us and other Internet content aggregators, Internet service providers, web publishers and<br />

web server administrators) are required to use their best efforts to ensure that their services (1)<br />

comply with the Codes of Practice issued by the SBA from time to time and (2) are not used for any<br />

purpose that is against the public interest, public order or national harmony or that offends good<br />

taste.<br />

Changes in government regulation could increase our costs and/or prevent us from delivering our<br />

services and products over the Internet. It could also slow the growth of the Internet, which could, in<br />

turn, delay growth in demand for our portal and adversely affect our Company.<br />

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