Texas Pacific Group and Sing Wang Partner to Make Growth Equity Investments in Northern Asia; Former TOM Group CEO and Top IT Executive to Lead Asia Efforts.

FORT WORTH, Texas -- Private investment firm Texas Pacific Group (TPG) announced today that it is teaming up with Sing Wang to invest in northern Asia. Mr. Wang will be a partner in Texas Pacific Group and will pursue growth equity and venture opportunities with the firm. A distinguished private equity executive, Mr. Wang has deep expertise in technology, and a background in investment banking and capital markets.

Mr. Wang, 42, was most recently CEO and Executive Director of TOM Group, Ltd., Hong Kong, where he grew the company from an Internet startup to a leading Chinese-language multimedia enterprise in Greater China. He led TOM Group through more than 40 acquisitions and strategic alliances, building a company of unparalleled scope and scale in Greater China, increasing revenue 36 times in five years from US$11 million in 2000 when he joined, to approximately US$400 million in 2005. TOM Group is now listed on the Main Board of the Hong Kong Stock Exchange and ranked fifth in Business Week's 2004 annual report on corporate governance.

Mr. Wang was named one of the Top 10 China IT Business People in 2003 by China Business Post (a leading business publication in China), and won the Executive Award in the 2004 DHL/South China Morning Post Hong Kong Business Award.

"This is a remarkable opportunity to join forces with Texas Pacific Group, one of the world's largest and most exciting private equity firms," said Mr. Wang. "I'm thrilled to be using my expertise in the northern Asia region to work with this global powerhouse."

"We welcome this partnership with Sing, who is a unique combination of seasoned investor and successful executive," said William McGlashan, a partner in Texas Pacific Group. "We were early investors in the region and we are delighted to work with someone of Sing's caliber to identify growth equity investments."

Prior to TOM Group, Mr. Wang spent seven years at Goldman Sachs in both Hong Kong and New York in various positions including Executive Director/Head of China High Technology in Hong Kong. He was a founding member of the firm's Asian private equity team and headed their China Investment Projects. Before Goldman Sachs, Mr. Wang was an Associate at both Wardley Direct Investment Management Ltd., Hong Kong and at McKinsey & Co., Chicago. In 1991 he founded Amerinvest Group of companies, personal investment companies that focus primarily on real estate, natural resources and early high-tech companies.

Mr. Wang received both an M.S. degree in Land Management, and a B.A. degree in Philosophy, Politics and Economics from Oxford University, Oxford, UK. He also received a B.S. degree in Science from Yunnan University, Yunnan, P.R.C. He is currently Chairman of Amerinvest Group of Companies and Vice Chairman of West China Coking & Gas Company Limited. In the past, in his role as CEO and Executive Director of the TOM Group, Mr. Wang was Vice Chairman & Non-Executive Director of TOM Online Inc. (Mainland China), Director of Cite Publishing Limited (Taiwan) and Chairman of China Entertainment Television Broadcast Limited - CETV (Hong Kong).

About Texas Pacific Group

Texas Pacific Group is a private investment partnership that was founded in 1992 and currently has more than $30 billion under management. With offices in San Francisco, CA, London, England and Fort Worth, TX, TPG has extensive experience with public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures, and restructurings. TPG seeks to invest in world-class franchises across a range of industries, including branded consumer franchises (Bally, Beringer, Burger King, Ducati), retail (Debenhams, J.Crew, Neiman Marcus, Petco), airlines (America West, Continental), media and communications (Findexa, MGM, TIM Hellas), industrials (British Vita, Grohe, KRATON Polymers, Texas Genco), technology (Lenovo, MEMC, ON Semiconductor, Seagate), financial services (Endurance Specialty Holdings, Fidelity National Information Services, Linsco/Private Ledger), and healthcare (IASIS Healthcare, Oxford Health Plans, Quintiles Transnational), among others. Visit www.texaspacificgroup.com.