ASIA STRATEGIC CAPITAL FUND, L.P.

INVESTMENT CRITERIA

• Established less-cyclical businesses with steady cash-flow generating ability utilizing proven technologies, including in the industries below.

• Enterprise Values of approximately US$100 million up to US$500 million equivalent (on a pro-forma basis) and a minimum EBITDA of approximately US$10 million equivalent.

• Current capital requirements ranging from US$10 million to US$100 million for major strategic development, e.g.: expansion via major capital expenditure programs and/or mergers/acquisitions, restructurings/recapitalizations, privatizations, leveraged and management buyouts; and special situations.

• Controlling and influential shareholders with reputable character and a commitment to improving corporate governance practices.

• Experienced and competent managements with successful track-records who have a significant ownership interest.

• Defensible market positions with potential for high growth and/or significant efficiency improvements.

• Based in Asia, or elsewhere with significant growing activities in Asia.

• Assets, including securities which are available to act as collateral.