12002/5/124 IS-HK

Building Leadership in VPN & IT Solutions

in the Greater China Market

Infoserve Technology Corp.

22002/5/124 IS-HK

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Table of Contents

Executive Summary About Infoserve

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Executive Summary

Infoserve Overview Recent Development Strategic Alliance

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Executive SummaryInfoserve Overview

Founded in 1992, Infoserve is a specialized service provider of communications, Internet access and related services focused in IP-based and MPLS-based VPN currently operating in Taiwan, Hong Kong, the PRC, Japan, Singapore, and the USA.

Through partners arrangement, Infoserve is capable of providing end-to-end MPLS services in PRC & other primary markets.

Currently maintaining 280 employees worldwide, serving over 5,000 corporate customers and over 260,000 individual customers & positioned as the third largest ISP in Taiwan in terms of revenue.

Aiming to become the No. 1 VPN provider in the Greater China market, Infoserve is currently servicing over 220 IP-VPN/MPLS-VPN customers.

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Executive SummaryRecent Development

On 8th January 2002, Infoserve was successfully listed on the GEM of the Stock Exchange of Hong Kong Ltd.

Announcement of 2001 annual result on 2nd April 2002.

Announcement of 2002 Q1 results on 10th May 2002.

Recent share price, based on a 30-day moving average of HK$1.55.

Strategic alliance with TTN : press conference on 18th April 2002.

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Executive SummaryStrategic Alliance

Infoserve aims to build up strategic alliances relationship with major players in the market. Infoserve’s synergies to strategic partners include:

New customers referral to partners for business expansion.

Instead of a simple seller, an aggregator’s role helps reduce cost via volume build-up.

Co-branded marketing efforts for sales promotions. Service Level Agreement (SLA) inclusive of site-to-site monitoring. Transparent partners’ control of end-to-end MPLS capability, rather than via interface. Competent sales force for account management. One stop shopping under solid networking in the Greater China Market.

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About Infoserve Infoserve’s New Vision Transition to a VPN & IT Solutions Provider Become the Largest Player in Greater China Shareholders & Corporate Structure Management Team Service Category Extensive IP Network Infrastructure Overseas Subsidiaries & Service Licenses People & Support Global Partnership & Suppliers

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About Infoserve Infoserve’s New Vision

Today…..INFOSERVE is a specialized service provider of communications, Internet access and related services with focus in IP-VPN & MPLS-VPN.

Tomorrow…..INFOSERVE is aiming to become one of the largest service provider of VPN & IT solutions in the Greater China region extending service capabilities in management services, SI, ASP & other IT solutions for the reinforcement of Infoserve’s market dominant in the field of VPN & IT solutions.

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About InfoserveTransition to a VPN & IT Solutions Provider

In light of the current drastic market changes, including commoditization of ISP services, rapid price reduction, lower than expected growth in saturated market and severe competition, Infoserve is reengineering its focus in the competency of business development and service capability under the following guidelines: To become the strongest VPN player in the Greater China region Absolute control of last mile of sales, i.e., multiple channel to reach out to end customers To utilize VPN as a platform for multi-services approaches which include MOS & SI Expansion through M&A and SI channel build-up Incorporate integrated services sales through channels resulting in production enhancement Sales quality & technological upgrade to build client faith SI experienced staff recruitment

Objective:Objective:To become a service providerTo become a service provider capable of providing VPN, MOS & IT capable of providing VPN, MOS & IT

Solutions.Solutions.

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About InfoserveBecome the Largest Player in Greater China

Successful alliance with TTN laid out a blueprint for further alliance and various M&A opportunities in the Greater China region. Aggressive VPN customer acquisition in order to achieve a revenue goal of more than US$ 10M in 2002.

Objective:Objective:To become the largest and most profitable service providerTo become the largest and most profitable service provider of of

VPN & IT Solutions in the Greater China region.VPN & IT Solutions in the Greater China region.

Opportunities: Cooperation in sales & business ventures via combined customer base & services provisioning to maximize market share and leadership in such sector. (1+1 >2). Resources sharing to reduce redundant cost to enhance gross profit. (1+1 <1.5) in total network cost. Synergy and reduction of human resource for more competitiveness resulting in lower operating cost.

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About Infoserve Shareholders & Corporate Structure

Reputable international Telco & financial institution on the shareholders’ list

KA Land

InfoserveInfoserveTaiwanTaiwan

InfoserveInfoserveHong KongHong Kong

InfoserveInfoservePRCPRC

InfoserveInfoserveSingaporeSingapore

InfoserveInfoserveUSAUSA

100% 100% 100% 100% 100%

InfoserveInfoserveJapanJapan

100%

Infoserve Technology Corp.Infoserve Technology Corp.(Cayman Islands)(Cayman Islands)

19.23%

Phil Tsai Michael Chang

26.81%

Management Employees

1.14% 2.67%

CDIB

5.34%

SingTelSingTel

100%

18.56%

Individual Share Holders

IPOPublic

Share Holders

14.88% 11.37%

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About InfoserveManagement Team

Phil Tsai -- Chairman & CEO Founded Infoserve in 1992 Previously in marketing at ABB and Hewlett Packard

Michael Chang -- President Joined Infoserve in 1993 Formerly a marketing manager in real estate development

Johnny Liu – COO & Taiwan GM Joined Infoserve in 1996 Previously an engineer at the Aeronautical Industry Development Centre,

Taiwan

Steven Wang -- CTO Joined Infoserve in 1993 Previously a software engineer at Unitech Electronics Co. Ltd.

John Chung -- CFO Joined Infoserve in 2000 Over 10 years finance and accounting experience

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About InfoserveService Category

Low

High

D

iffic

ulty

V

alue

-add

ed

Six Layers of Services: Starting from store-&-forward fax

services, Infoserve has evolved from a small telecom start-up to a listed company providing value-added services to multi-national corporations during the last decade.

Today, Infoserve is providing an extensive line of multi-layer services to satisfy all customer needs from communications to ASP .

Focus : Currently focusing on core

competence in IP-based & MPLS-based VPN.

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About InfoserveExtensive IP Network Infrastructure

Infoserve’s privately managed IP-based network comprises of : 15 POPs in Taiwan over a digital fiber optic backbone connected via T1 / T3 and a full

y dedicated STM1 circuits. Each of these POPs is equipped with an emergency back-up power supply

Five additional POPs with two located in the USA, and one in Hong Kong, Japan and Singapore. These POPs are connected to Infoserve’s network through dedicated T1 / T3 & STM1 circuits

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About InfoserveOverseas Subsidiaries & Service Licenses

ChinaBeijing Infoserve Technology Ltd. Incorporated in September 2000 Shanghai & Shenzhen branch offices

established in Mar & Sep 2001 Total 18 employees Business license including technical

consultation & SI.

SingaporeInfoserve Technology Pte. Ltd. Incorporated in February 2001 Total 4 employees Service-Based Operator license

USAInfoserve Telecom Corp. Incorporated in New Jersey in

February 1996

Total 6 employees

F.C.C. Tariff #1 and # 2

F.C.C. Overseas Common Carrier 214 License for Global Resale Services

U.S. Branch Offices:

Jersey City, NJ (US headquarters)

Los Angeles, CA (switch site)

Hong KongInfoserve Technology HK Ltd.Incorporated in October 1996Total 17 employeesPNETS, ETS, IVANS & ISP licenses

JapanInfoserve Technology K.K. Incorporated in Tokyo in

January 2000 Total 3 employees General & Special Type II

telecommunication licenses

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About InfoservePeople & Support

R&D has launched 14 new products and services in the past two years

Developed an intelligent internal IT system which substantially enhance internal efficiency

State-of-the-art network operation center (NOC) providing real-time 24 hours network management functions and customer service

First Internet service provider in Taiwan to receive ISO 9002 for superior service quality

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About InfoserveGlobal Partnership & Suppliers.