DT CAPITAL PARTNERS

1
Opportunities in Tourism Resources Development of
the West
Tian Lixin Partner Chief
DT Capital Partners
DT CAPITAL PARTNERS
DT CAPITAL PARTNERS
SHANGHAI BEIJING
SILICON VALLEY
2
Contents

• Profile of DT Capital Partners
• Overview of Chinas Tourism Industry and the Risk
  Investment
• An analysis of the opportunities in investing in
  tourism resources of the west

3
Profile of DT Capital Partners

• Head office is in Shanghai branches are set up
  in Beijing and Silicon Valley.

Company

• At present DT manages a fund of over RMB 1
  billion Yuan.
• Strategic investors of DT include famous agencies
  and enterprises of the US and Europe, such as
  the Wharton family, founder of Walmart.

Fund and investors

• DT has a professional team of fund managers,who
  are very experienced in investment management and
  have developed wide range of ties with capital
  markets. Successful investment cases include
  Suntech Power Co., Ltd., electronic fund transfer
  of China Unionpay, Baidu and Sina Mobile.
• DT has been honored the title top ten active
  enterprising investor many times since 2000.

Management team
4
Profile of DT Capital Partners
DTs customers
Investing philosophy and target

• Join hands with entrepreneurs to build promising
  Chinese companies and combine Chinas socialist
  market economy with the global trend
• Focus attention on enterprises that can meet the
  increasing demands of consumers and offer them
  technological products and services
• Investment is not confined to particular sectors
  or development stages.

51auto
Cars.com.cn
Baitaimeida
Pearl in Palm
Lucky Pai
Chaoli Hi-Tech
Oriental Standard
Wiscomm Microsystems Inc.
DT is committed to becoming Chinas top grade
risk investment fund.
5
Contents

• Profile of DT Capital Partners
• Overview of Chinas Tourism Industry and the Risk
  Investment
• An analysis of the opportunities in investing in
  tourism resources of the west

6
Steady economic growth and upgrading of consuming
structure have facilitated the development of
tourism industry.
Chinas tourism market size and forecast
Conducive factors for tourism

• Steady economic growth of China,rapid increase of
  peoples disposable income
• Governmental consumption guidance?upgrading of
  consuming structure
• West Development campaign has pushed forward the
  exploitation of the natural and cultural
  resources in the Midwest
• 2008 Olymic Games and World Expo 2010 Shanghai

Unit RMB 100 million Yuan
CAGR 13
2002
03
04
05
06E
07E
08E
09E
2010E
Data source iResearch
7
Especially, on-line service reservation and
segment market are progressing quickly.
On-line reservation market size 2003-2010
Unit RMB 100 million Yuan
CAGR 43

• Ticket and room reservation takes up the main
  share, over 80
• Demand for holiday-making and other services
  increase rapidly,and CAGR is expected to reach
  78 from 2006 to 2010

2003
04
05
06E
07E
08E
09E
2010E
Market size refers to operators agency income,
mainly including income from ticket and room
booking and holiday-making service
reservation.Data source iResearch
8
Massive tourism market and correlated industries
have attracted many risk investment agencies from
home and abroad.
Investment receiving companies
Main business
Investor
ctrip.com
On-line tourism service
IDG, Softbank?Carlyle
elong.com
On-line tourism service
Tiger Fund, Blue Ridge Capital
tianker.com.cn
On-line tourism destination ticket and show
ticket selling
IDG
Qunar.com
Tourism search engine
GSR Ventures, Mayfield
ctrip.com and elong.com were listed on NASDAQ in
2003 and 2004 respectively.
9
Contents

• Profile of DT Capital Partners
• Overview of Chinas Tourism Industry and the Risk
  Investment
• An analysis of the opportunities in investing in
  tourism resources of the west

10
An analysis of the opportunities in investing in
tourism trade of the west
Investment opportunitiestourism resources
analysis

• Western China is worlds largest tourism region
  where tourism resources are most abundant
• 10 famous spots of relics have been listed in
  Worlds Natural and Cultural Heritage, 43
  national class scenic spots, 80 national class
  forest parks, and 34 famous historical and
  cultural cities are found in the region.

We think that the tourism investment in the west
will focus the following areas.

• Regional tourism distribution network
• Characteristic tourism service
• Tourism search engine
• Tourism e-commerce
• Hotel service booking
• Economical chain hotels

Investment opportunitiestime analysis

• West Development campaign has highlighted the
  importance of tourism development more and more.
• Successful experience in developing tourism and
  the correlated industries in the east can be used
  for the west.
• Risk investment in the tourism and other related
  sectors in the east will promote risk investment
  in the same trades in the west.

11
Thank You!
Tel.[phone] Email joe.tian_at_dtcap.com Websit
e www.dtcap.com