Riemann Investment Advised Vtion China on Pre-IPO Private Equity Funding Riemann Investment Holdings Ltd. (¡°Riemann Investment¡±), as the sole financial advisor, advised Vition Technology ( China ) Co., Ltd. ( ¡°Vtion China¡± ) on its successful pre-IPO private equity funding in March 2008. Vtion China will likely get listed on the main board of the European capital market by the end of year 2008. Vtion China raised total of €16m (approx. RMB 180m) with P/E ratio of 7x based on its 2007 net earnings through cooperation with Shenzhen Capital Group Co., Ltd. (¡°SCGC¡±) as well as China-Israel Venture Capital Fund (¡°CIVC¡±) in the current round of private equity funding. Riemann Investment promptly adjusted and adapted to the drastic changes in market conditions, swiftly provided strategic advice and assisted Vtion China to complete its private placement within two months, in the meanwhile closely monitoring the development of market conditions.The private funding timely equipped Vtion China with adequate financial resources and strength for its business operations and further development at a crucial time right before the commercialisation of 3G technology in China. <BACK>