Date:	March 28, 2007 (Wednesday)
Time:	Registration 1:30 – 1:45 pm Presentations 1:45 – 5:00 pm
Place:	Level 3, JW Marriott Hotel, Hong Kong

HKVCA & APLMA (Asia Pacific Loan Market Association) are pleased to invite you to a seminar on "The Mezzanine Finance Market in Asia". This seminar will feature an overview of the development of the market in Asia, a review of risks and issues, as well as market opportunities, case studies, and a panel discussion. Both seasoned lenders and newcomers to the market will benefit from this opportunity to learn about current market trends and future developments in Mezzanine Finance in the region.

Programme
1:30 PM		Registration & Coffee
1:45 PM		Opening Remarks Janet Field Managing Director, APLMA
1:50 PM		Evolution of the Mezzanine & Subordinated Debt Market in Asia Chris Gammons Head of Debt Product Group, Asia, Deutsche Bank
2:20 PM		Australian Mezzanine & Subordinated Debt Market Merrick Howes Head of Mezzanine Finance, Goldman Sachs, Australia
2:50 PM		Coffee Break
3:10 PM		Asian Private Equity Market Oliver Stratton Partner, Bain & Company
3:40 PM		Role of Mezzanine Finance in Private Equity Transactions Joseph Ferrigno Managing Director, Asian Mezzanine Capital Advisers Ltd
4:10 PM		Exit Strategies Richard Winter Deputy Chairman, Quam Capital
4:30 PM		Panel Discussion Moderator: Tibor Papp, Managing Director, Co-Head of Syndicated Finance, Asia Pacific, ING Panellists: David Simons, Head of Leveraged Finance, Credit Suisse Richard Pyvis, CEO, CLSA Capital Partners Aaron Chow, Executive Director, Global Leveraged Finance, Head of Syndicated Finance, non-Japan Asia, UBS Oliver Stratton, Partner, Bain & Company Richard Winter, Deputy Chairman, Quam Capital Jamie Paton, Managing Director, 3i Asia Pacific plc
5:00 PM		Close

 

Join us for HKVCA Mixer for a get-together.

Date:	April 27, 2007 (Friday)
Time:	5.30 – 7.30 p.m.
Place:	China Tee Club, 101 Pedder Building, 12 Pedder Street, Central, Hong Kong
Video will be made of the event Sponsored by Tonic Venture Capital Ltd

Tonic Venture Capital Limited ("TVCL") is a wholly owned subsidiary of HKSE listed Tonic Industries Holdings Limited ("The Group"). It intends to develop venture capital and related businesses which can contribute to business growth of the Group. TVCL currently has investments approximately US$6 million in home appliance business in a Japanese company and an audio and video business in a German company.

The Group is principally engaged in the design, manufacture and marketing of a wide range of consumer electronic products such as Mini-Disc, DVD player, DVD recorder and home theatre system, Digital satellite receiver, VCR, Video telephone, Internet set top box, CRT TV, ATSC LCD TV, iPod Speaker and home appliance products such as Coffee maker, Air purifier, Toaster oven, Steam station and Kettle.

The Group had approximately 150 staff stationed in Hong Kong and overseas offices and 8,000 workers working in its three PRC factories. The Group's major manufacturing facilities are located in the industrial town of Tang Xia, Dongguan, PRC. The Group has set up a marketing office in Shenzhen to promote the sales of digital satellite receivers in Europe and cable set top boxes in China. Also the Group has research and development departments in Hong Kong, Dongguan, and Shenzhen to support product development and technology enhancement.

China has become a significant player on the global stage. An increasing number of international investors are rushing to participate in the China market. The 6th China Private Equity Summit is organized by practitioners directly involved in deal making, structuring and monitoring of investments in the China private equity market. It brings together experts and practitioners from renowned private equity firms and financial institutions to share their valuable experiences and investment strategies for China.

The Summit will provide the platform for discussion of trends and forecast for China's growing private equity sector and reviewing successful investment models and exits strategies. It will also provide insights on listing on the domestic stock exchanges in China as an exit mechanism for private equity and venture capital, and updates on regulations affecting the industry.

Speakers at this year's Summit will include the most senior representatives from venture capital/private equity firms and stock exchange, international and domestic investors, financial intermediaries and entrepreneurs. Seasoned mainland venture capitalists will also share their experiences and examine the challenges of investing in China. The past Summits were greatly successful with a mix of 250 attendees and were filled with excellent contents, in-depth discussions and insights shared by practitioners and professionals.

	8:30 am 9:00 am	Registration Opening Remarks: President, HKVCA
		Session 1
	9:15 - 9:45 am 9:45 - 10:30 am	• Overview of the VC & PE Industry in China 2006, Figures and Trends • Updates of regulations affecting VC & PE in China – What   happens after the new M&A regulations in September 2006?
	10:30 am	Coffee Break
		Session 2
	10:45 - 11:15 am 11:15 - 11:45 am 11:45 - 12:15 pm 12:15 - 12:30 pm	• Domestic Stock Market Reform and A Shares Listing as Exit for   Foreign VC • Introduction to the Shenzhen Stock Exchange Small & Medium   Enterprises Boards • China's Stock Market & Sponsoring A Shares IPO • Foreign VC Investment in Onshore Structure - Case Studies
	12:45 pm	Lunch
		Session 3
	2:30 - 3:00 pm 3:00 - 3:30 pm 3:30 - 3:45 pm	• Domestic M&A, Future exits, Market Valuation, Regulatory issues • "How safe are your investments in China"   - Case Studies on Fraudulent Practices • Case study
	3:45 pm	Q&A and Closing Discussion
	4:00 pm	Close