Overview NetEase.com, Inc. is a leading China-based Internet technology company that has pioneered the development of applications, services and other technologies for the Internet in China. Our mission is to deliver "Power to the People" by using the latest Internet technologies to enhance meaningful information sharing and exchange. NetEase Web sites offer Chinese Internet users Chinese language-based online content, community and electronic commerce services. NetEase's average daily page views for the seven-day period ending August 31, 2000 exceeded 40 million. As of August 31, 2000, NetEase Web sites had more than 8.15 million registered members, 503,000 personal web pages, 45,000 simultaneous chat room participants and 5.0 million e-mail accounts. NetEase Web sites provide an intimate community setting where users can enjoy access to free Web-based e-mail, online auctions, online chat rooms, personalized Web sites, instant messaging, Web hosting, and e-commerce services. Our online interactive community services offer 200 community forums and over 41,624 personal community forums created by registered users. The comprehensive NetEase search engine facilitates users' access to everything the World Wide Web has to offer. With over twenty-four million page views per day, NetEase has twice been pinpointed by CNNIC as the number one preferred Internet server in China. NetEase Web sites organize and provide access to 16 separate channels of online content through distribution arrangements with over one hundred international and domestic content providers. These channels put our users in instant contact with current news and online media on a wide variety of topics, ranging from local and international current events, to environmental concerns, to sports coverage and advances in health care. NetEase Web sites put the latest in fashion, music, film, and television at your fingertips. In the midst of China's technological revolution, NetEase has achieved a number of firsts in the Internet industry. William Ding, Co-CTO and founder of NetEase, is a pioneer in the Internet field and the first to conceptualize e-mail, a virtual community, online auctions, free Web hosting, and e-commerce in China. These innovative services have led NetEase to gain a substantial lead over our competitors in an industry where speed and quality are as important as content. We like to call it the "NetEase Advantage". Capitalizing on the "NetEase Advantage" is what will continue to set NetEase.com, Inc. apart from the crowd in the rapidly expanding Chinese Internet market. As the Internet becomes more pervasive in China, the opportunities for online advertising and e-commerce will also grow. The NetEase community is in a prime position to attract e-commerce retailers and online advertisers. As the leading Web site in China, NetEase is committed to the continued development of e-commerce and the IT industry, and the further digitalization of Chinese society. The NetEase mission is to reach, touch, and inform each and every Chinese Internet user. Our goal of bringing together millions of Chinese citizens through an extensive virtual community is quickly being realized, and NetEase will continue to develop cutting-edge technology to provide even better services to our users to enhance their online experience.