Jan.10, 2005, Shanghai ---- Wealink.com, a China-focused Social Networking Services (SNS) provider, recently announced that it had successfully obtained an investment from venture capital firms United Capital Investment (UCI) and Susquehanna International Group of Companies (SIG) to enable it to speed up its plan to build the biggest on-line social networking platform in China.

Although details of the investment amount have not been disclosed, the investment is believed to be meaningful, making this one of the largest investment of its kind in the nascent SNS industry in China.

'During this period where many other investors are merely monitoring future developments in the SNS industry in China, we are elated that famous venture capital firms such as UCI and SIG have recognized our potential to become the market leader of this industry by investing in us. This spells good news not only for us but for the whole industry as well. This investment will not only encourage us, it also gives us greater confidence to move forward to take on a leadership role in this industry. The proceeds from this round of funding will be used mostly on R&D, market development and in establishing cooperation with like-minded partners.' said by Mr. Lerry Zou, a co-founder and CEO of Wealink.com.

The principal investor of Wealink.com, Mr. Jimmy Yu, the Chairman and CEO of UCI, shares his great optimism about the future development of SNS in China. He said, 'Providing information services is a core use of the internet. At present, mature business models on the internet are mostly centered around the information retrieval on a one-way basis, i.e. either by companies supplying such information directly to each net user or by each individual net user directly demanding service providers to provide instant information at their finger tips and other on-line services, such as online shopping, reading the news on-line and the downloading of software, music and movies. With net users' increasing demands for more relevant information services, coupled by his/her desire to impose his/her unique personal preferences on service offerings and the desire to find and interact with others sharing common interest, I expect two-way or multi-way information sharing and retrieval will soon be the next hot spot of the internet. For instance, once a person's information is posted and connected by internet onto a network platform (for instance, the posting of his/her own work and social contact information or the posting of information he has interest in such as a hobby or work related), many add-on applications can then be created/ developed to ride on such a platform to form new business models. SNS stems from a person's desire to be able to accumulate his/her social capital into one place and to be able to manage such social capital through various internet applications developed based on user demand. I see Wealink.com as such a SNS provider to help people establish practical, reliable networks which can then be used for a myriad of social activities such as maintaining an perpetual updated contact list, the sharing of urgent information to a person's network of friends and colleagues, to getting friends and colleagues endorsements or introductions to facilitate the finding of a job, the meeting of like-minded people in a social or commercial setting to share ideas, etc. A successful rollout of this platform will enable us to realize the big potential of the development of SNS in China and my team and I are looking forward to working with the Wealink.com management team to realize this dream.'

About Wealink.com

Wealink.com is committed to becoming the biggest Social Networking Service provider in China to help people establish a system of real and credible connections and endorsements which include service offering such as Personal Data Holding Service, Social Networking Service and Credible Information Sharing Service.

Through this system, users can safely share their own contacts, information and knowledge with other people they trust and to expand their private social network by requesting their existing contacts to introduce new people to them in an environment of trust so that such new persons become part of their private social network. An effective endorsement system can also be set up during this process to help people accumulate their social capital which can be useful for their social networking activities and to bring huge commercial and social value to each user.

For more information, please visit www.wealink.com.

About UCI

United Capital Investment (UCI) focuses on investing in potential or current market leaders in industries experiencing strong growth in China. UCI also operates an incubator facility for Chinese start-ups and growing companies. Aside from providing seed capital, UCI offers management and technical know-how, financial experience, legal and accounting resources, and other value added services to support its portfolio companies.

For more information, please visit www.ucigroup.cn.

About SIG

Susquehanna Asia Investment (SAI) is an affiliate of the Susquehanna International Group of Companies (SIG).  SAI is focused on investing in the leading private and public growth sectors and companies in China. Our Shanghai-based SAI Venture Capital / Private Equity team has completed six investments to date with leading growth companies and continues to pursue new investment opportunities.

SIG affiliates pursue a variety of proprietary investment strategies including quantitative portfolio management and statistical arbitrage, convertible arbitrage, fundamental long/short, private equity, venture capital and others. SIG has also developed a separate customer business including institutional sales, equity research and investment banking. Both proprietary and customer strategies complement SIG’s risk management expertise and role as a 'market maker', including its position as the largest market maker in listed options in the US, a leading market maker in NASDAQ securities and exchange traded funds, and as an NYSE specialist. SIG has offices in Suburban Philadelphia, Boston, Chicago, Dublin, New York, Philadelphia, San Francisco, Shanghai, Stamford and Sydney.

For more information, please visit www.sig.com.