Chang told China Daily that his company had not ruled out the possibility of raising funds to facilitate its future expansion, but said it "has efficient funds now to support all of its ongoing projects".

"We will probably seek help (funding) from our independent investors such as banks, finance organizations and fund management companies," said Chang, declining to name the investors, but indicating that they could be "from both the mainland itself and overseas".

"Currently we do not have any plans to raise funds by floating our shares on either the mainland or Hong Kong stock exchanges," Chang added.

"We are seeking strategic partners and M&A (merger and acquisition) targets we are in talks with five to six HR consulting and recruitment companies, but nothing concrete or conclusive can be announced at the moment."

Chang described both JobsDB.com and CJOL.com as "robust". "Our annual profit margin has remained over 20 percent in the past few years and we will try to boost it further," Chang said.

"The recruitment industry is booming in China and its market potential is just huge. We are striving to provide an ideal interactive platform between job providers and seekers."

                                                                      (China Daily 01/25/2007 page14)

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