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Mr. Hong became a Director of the Company in December 1997. With forty years of industrial background Mr. Hong leads a forty-two-member management team of Hotung Venture Capital Corp. where he has been President since 1987. Hotung is the leading venture capital group in Taiwan and currently manages total funds of US$7 billion. Thirty-three additional venture capital funds were also established under his leadership Daitung VC; Yuantung VC; Litung VC; Futung VC and Wantung VC to name a few. Mr. Hong has recently retired from Hotung but serves as Chairman of Honho Consulting Corp. which manages the Hong Tung VC with funds of US$55 million. He is also Advisor to Taiwan based Acer SoftCapital Incorporated. | 