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Sunday, 01/06/2002 10:29:01 AM

Sunday, January 06, 2002 10:29:01 AM

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Hartcourt's Management Team

Dr. Alan V.Phan, Chairman
A graduate of Pennsylvania State University and Sussex College of Technology, Dr. Phan founded Hartcourt in 1990 and served as its Chairman and CEO since then. From 1986 to 1990, he was Executive Vice President of Em Kay Group, in charge of international projects and aircraft sales.

From 1975 to 1986, Dr. Phan was the owner and operator of many of his own business, including Alpha Supermarkets, UBI Business Brokers, KIP Pictures, Alpha Real Estate Investments, Caf¡§/ Bonjour, Interwest Trading, Government Contracts?- and other investment projects such as Magic Markers, Delta Savings and Loan, World Oil Supplies, VIAS and Artista Agency. From 1972 to 1975, he was Regional Manager of Eisenberg Group of Companies, developing and managing the Group's industrial and trading projects in Southeast Asia. During this same period, he was appointed as Lecturer at University of Saigon. At present, Dr.
Phan has frequently been invited to give lectures at many universities on the subject of International Business and Asia Investments.

Dr. Wallace Ching, CEO
Dr. Ching holds a Bachelor of Arts degree in engineering science with first class honors from Oxford University, England, and a Ph.D. in computer and information science from the University of Pennsylvania, United States. He is Chartered Financial Analyst holder, currently serves as the Managing Director of PAMA
Group (Hong Kong) Limited, formerly known as Prudential Asset Management Asia Limited, and is in charge of technology-related investment activities. He is responsible for originating, evaluating, structuring and completing private equity and venture capital investment with a technology focus in the Asia Pacific region.

Dr. Ching is also an assessor of the Small Entrepreneur Research Program (``SERAP'') under the Innovation and Technology commission of the Hong Kong Government.

From 1995 to 1998, Dr. Ching worked for HSBC Private Equity Management Limited as an Associate Director and was responsible for originating, evaluating and executing investment transactions and monitoring investments for regional private equity funds. From 1993 to 1995, Dr. Ching worked for HSBC Asset Management Hong Kong Limited as an Investment Manager. Prior to joining HSBC, he worked for Goldman Sachs & Co. as a fixed income research associate. The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865. HSBC Holdings PLC is one of the largest banking and financial services organizations in the world with 6,500 offices in 79 countries and territories.

Stephen Tang, COO
Mr. Stephen Tang is the Chief Executive Officer of the SinoBull Group. Concurrently, he is the Chief Operating Officer of The Hartcourt Companies, Inc and Hartcourt Capital Inc. Mr. Tang has more than 16 years experience in the management of information technology business and services. He is the founder of
Financial Telecom Limited, a member of the SinoBull Group, providing real time financial information service in Hongkong. He also has extensive experience in the development, manufacture and international marketing of communication devices.

Before his involvement in the information technology business and services, Mr. Tang had spent 8 years in investment banking. He worked for two regional financial institutions serving corporate clients in Hongkong, Thailand, Malaysia, Indonesia and the Philippines.

Mr. Tang holds a master's degree in business management from the Asian Institute of Management, Manila. He completed his under-graduate study in management and accounting at the Hongkong Baptist University.

Currently, Mr. Tang is a Trustee of the AIM Scientific Foundation, the fund-raising arm of the Asian Institute of Management. He is also a councilor of the Hongkong Information Technology Federation, the representative body of the information technology industry in Hongkong.

Allan Yuen, Executive Consultant
Mr. Allan Yuen joined Sinobull in year 2000. Prior to joining Hartcourt, he has been in the telecom industry for more than 20 years. After his study in Hong Kong Polytechnic University, he has been working as an engineering manager for Topp Electronics Inc., a Miami based company. He was the founding staff and
general manager for the Hong Kong office of Binotone International Corp., a British listed company. Followed by which, he found his own company in 1977 and later re-named SinoAmerican Telecom Inc., a listed company on American Stock Exchange. He was interviewed by Fortune magazine in 1996 after his innovative proprietary VoicePager was widely accepted in the PRC paging market since 1995.

Manu Ohri, Vice President and CFO
Mr. Ohri possesses over 19 years of experience in all aspects of financial and operations management including Initial Public Offerings, SEC reporting, investor relations, mergers and acquisitions, strategic planning, budgeting and forecasting. Mr. Ohri is a Certified Public Accountant in California with over
six years of consulting experience with Deloitte & Touche and PriceWaterhouseCoopers. Mr. Ohri earned his Masters in Business Administration from the University of Detroit and Bachelors in Accounting from the University of Delhi in India.

Jamie Hassan, Group Financial Controller
Ms. Jamie Hassan, came to Sinobull in Year 2001. Prior to joining Hartcourt, she had 12+ years of diversified financial and operations experiences acquired from several MNCs in the United States and Asia, in industries from E-commerce, financials services, manufacturing, non-profit and trading arenas. She
received her MBA in International Business and Finance from Manhattan College, New York in 1999 and a Bachelor of Science in Accounting and Business Administration from the City University of New York at Staten Island.

Angela Peng, China Representative
Angela Peng has over 10 years of working experience in operational and marketing management in the area of financial service, consumer and industry products. She holds a Bachelors degree in Economics from Beijing Second Foreign Language University, and a MBA from Memorial University, Newfoundland,
Canada.

Sinobull Financial Group

Jiang Tai, CEO nad Managing Director of Sinobull Info.
Mr. Jiang Tai, aged 33, is the Managing Director of the SinoBull financial Group, And has been the managing director of Sinobull Information (formerly Guomao) for 5 years. Being responsible for business development and strategic marketing of Sinobull products. He has over 8 years strategic marketing, business
development, public relations and general management experience. He received his Bachelor of Science degree in 1990 and finished his Master in Science at Fudan University in 1993. He has held the position of Assistant General Manager in Shanghai Hopeful Computer Service Co., Ltd. since 1993 and was promoted to the position of general manager in 1994. In 1996, he established the core business of "Guo Mao" in the position of General Manager and
Managing Director.

Alex Pang, COO of FTL
COO of FTL, graduated in 1975 from HK Baptist University in Business Management. After serving for a MNC for 15 years, he joined the company in 1990 to establish a paging network and call center for distribution of real-time financial data to the market.

Kenneth Li, COO of Sinobull Info.
Joined HCTV in Year 2000. Before that, he had been the CEO of several well-known nationwide and international firms in financial markets. He has had over 10 years of experience in the field.

David Y. Chen, President of Sinobull Media Group
David came from Hello Asia as its VP of Sales and Marketing and Managing Director of Greater China. Prior to this, he worked for TBS & CNN International. Mr. Chen holds a BS in Economics from Monash University in Melbourne, Australia.

Terry Wong, Director of Sinobull Financial Group
Terry has extensive experiences and held several senior executive positions in the telecommunications, real estate and investments in Asia and North America. Mr. Wong received his BA degree in Commerce&Finance form Simon Fraser University, Canada

Elephant Talk Communications Inc.

Russelle Choi, President and Chief Executive Officer
Mr. Choi is a co-founder of the Company. He is responsible for the overall strategic direction of the Company. He has over 20 years~{!/~} experience in management and consultancy in a range of industries, including media and telecommunication industries in Hong Kong, China and the U.S. Mr. Choi has a BBA from University of Toronto, Canada.

Pius Lam, Vice President and Chief Operation Officer
Mr. Lam is a co-founder of the Company. He is responsible for all of the Company~{!/~}s operations. Prior to the establishment of the company, he successfully co-founded New Tech Information Systems Limited, an international systems integrator for the hospitality industry. Mr. Lam has 16 years~{!/~} experience in the computer and telecommunications industries. Mr. Lam has a MBA in Economics and Finance from the State University of New York and a BSc from State University of Pennsylvania, USA.

Bruce D. Stuart, Director
Since 1997, Bruce Stuart has served as the CEO of Staruni Corporation (OTCBB "SRUN").

Mr. Stuart graduated from U.C.L.A. in 1969 with a degree in political science, and in 1972 with a Juris Doctorate degree. He has been a member of the California State Bar since 1973. From 1993 to 1997, Mr. Stuart served as vice-president of PerfectData Corporation (NASDAQ "Perf"). From 1984 to 1997 he served as Secretary and General Counsel of Flamemaster Corporation (NASDAQ "Fame"). Mr. Stuart is the creator of the Staruni's internet business, including the Internet Service Provider "Cyberhotline", a National Carrier.

AI-Asia Group

Mr. Alan Chow, CEO of StreamingAsia
Mr. Alan Chow, aged 37, is the CEO of the StreamingAsia Group. Mr. Chow joined the Group in November 2000. Experienced in sales and marketing areas and corporate strategy foundation for over 13 years, he has held senior management positions in several MNCs engaged in the IT businesses in the Greater China region.
Mr. Chow holds a Master's degree in Business administration from South Australia and a full member of the Chartered Institute

Mr. Ben YE, CEO ( Co-founder) of V2 Technology, Inc.
Mr. Ye is responsible for the overall company operations and strategic directions. Prior to co-founding V2 Technology, Inc., Mr. Ye led a Tsinghua multimedia project team in his first year of graduate study at Tsinghua University, which he managed and served numerous multimedia projects for large coporations.
Mr. Ye holds a Bachelor of Science Degree and a Master of Science Degree in Electronic Engineering from Tsinghua University.

Paul Cheng, COO of Streaming Asia
Paul has been working for Nortel Networks in Canada and as the Managing Director of Momentum Asia Co. Ltd., subsidiary of ALCO Electronics Ltd. (a public company in Hong Kong, 328). Before joining Logicspace, Paul is a Business Development Director of Asia Tech Holdings Ltd. (Digital Group, 8030). Paul holds a Computer Engineering degree from McMaster University of Hamilton, Ontario, Canada.

S.W. Cheung, CEO of Renew Logistics
Currently the Director of Renew Logistics Ltd., received his B.A. and MSc at the University of California, Berkeley in the early eighties. He further obtained his Ph.D. at the University of Warwick, UK in 1996. Dr. Cheung has more than 18 years of management experience in the fields of education, industry and information technology an a member of several professional organizations. He is also the strategic advisor of several listing companies in
HK.











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