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Shanghai Cnnest Technology Co., Ltd.

Shanghai Cnnest Technology Co., Ltd. (Cnnest) was established in 2002. Cnnest is dedicated to commercial Third-Generation (3G) wireless applications and mobile business solutions. Based on wireless 3G platforms, Cnnest’s objective is to take advantage of a host of new mobile internet applications. Cnnest intends to become one of the leading companies in the field of mobile Internet solutions and applications. Since 2004, Cnnest became a national partner of Tencent, Inc (Hong Kong stock exchange: 700) to offer 3G online products for China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU). In 2005, Cnnest will seek to cooperate with several of the top cell phone manufacturers such as Motorola and Nokia for imbedding their software applications. Cnnest operates one website (http://www.xinkom.com/) and wireless 3G-based platform that offer real estate services through the mobile Internet. Shanghai Cnnest Technology Development Co., Ltd.