Shanghai, China - January 26, 2006 - CSV Capital Partners, a seed-stage China-focused venture capital firm (www.csvcp.com), has announced the launch of its first fund, CSV Capital Partners, L.P. ("CSV LP"), a US$30 million fund targeting investments in seed and early-stage technology or technology-related services companies located in Greater China.

China Seed is led by its two founders, Mr. Ralph Ungermann and Mr. Earl Yen, who operate from China and the US. CSV LP is a Cayman Islands-incorporated limited partnership and is targeting a first closing of approximately US$15 million in early 2006, consisting of commitments from its founders, a major Japanese IT services company, and additional corporate and individual investors from Asia and the US.

Mr. Ungermann is a legendary Silicon Valley veteran with 35 years experience of founding, leading and creating strong exits for high-tech start-ups. Prior to China Seed, Mr. Ungermann co-founded a series of pioneering US technology companies including: First Virtual Communications, a leading supplier of online rich media communication software; Ungermann-Bass, the world's first Local Area Network (LAN) company, and Zilog, a microprocessing pioneer whose successful Z80 product line won most of the second generation PC design-ins. Prior to Zilog, Mr. Ungermann was an early employee of Intel. In addition, Mr. Ungermann has also invested as a successful angel investor in nearly 20 start-ups in the US and Japan.

Mr. Yen has nearly 18 years' experience in venture capital, investment banking, and technology development in Asia and the United States and has lived continuously in Greater China since 1994. Prior to China Seed, Mr. Yen has held senior investment banking positions in China with Citigroup and Bear Stearns, where he served as head of the Asia Communications and Technology Group during the late 1990s. From 1990 to 1994, Mr. Yen was a venture capitalist at HarbourVest Partners, a Boston-based firm, where he focused on investments in the US software and networking sectors. Mr. Yen received an MBA from MIT and bachelor degrees in Electrical Engineering and Management Science, also from MIT.

Since 2004, China Seed's principals have invested together in a total of seven early-stage China-based companies in sectors including IC design, Internet wireless software and services, and business process outsourcing, including:

CDP Group, a Shanghai-based provider of payroll and other outsourced HR solutions;
Easycomm, a Hangzhou-based developer of unique mobile solutions and services;
5V Technologies, a Taipei-based IC designer focused on single-chip VoIP/Wifi solutions;
Miartech, a Shanghai-based IC designer focused on energy management applications; and
PepTalk, a Suzhou-based developer of software-based mobile IP solutions.

For further information about China Seed, please contact Earl Yen at earl@csvcp.com.