Major shareholders of iPanel have strong background, including all four domestic listed operators: Beijing BGCTV, Shenzhen Topway, China Radio and Television Network (Shaanxi BC&TV Network), Fortune Venture Capital (Hunan CATV Network), and Hangzhou Wasu, CITIC Jinxiu, Orchid Capital, and iPanel.

Major shareholders are described as follows:

Beijing BGCTV  （stock code600037）

Beijing BGCTV established in September 1999, was listed on Shanghai Stock Exchange (stock code 600037) in 2001; it is the only network operator responsible for construction and development, operation, management and maintenance of cable TV network in Beijing, with Beijing Cable TV network and more than 400 million registered users. The company is engaged in receiving and broadcasting radio and television programs and network information services. It has completed mergers and acquisitions of cable TV network in the near suburban districts and counties. In February 2002, Beijing BGCTV has fully achieved "one city, one network", and it has been formed the large cable TV cable networks covering 18 districts and counties and accessing to 2.7 million of families.

 Shaanxi BC&TV Network （stock code600831）

Shaanxi BC&TV Network founded in June 29, 2001, is a grade one corporate enterprise approved by the People's Government of Shaanxi Province in provincial, municipal, county (town) and village levels; it is the only legitimate cable TV and digital cable TV operator in Shaanxi Province, it is also a legitimate ISP access business service provider in Shaanxi Province and supporting enterprise of Shaanxi e-government transmission network. Shaanxi BC&TV Network has successfully backdoor listed in 2001 (stock code 600831), currently it has 4.1 million cable TV subscribers.

 Shenzhen Topway （stock code002238）

Shenzhen Topway (stock code 002238) is a joint stock company held and operated by Shenzhen Radio, Film and Television Group with a registered capital of RMB 200 million Yuan. It is the first joint-stock enterprise constructing and operating cable TV network, with more than 1.3 million cable TV users. As one of the major forces in the information industry in Shenzhen, Topway is mainly responsible for construction, development, operation and management of Shenzhen Cable TV network, and cable television programming receiving and broadcasting. Taking video information transmission and online multi-functional service as its major works, it penetrates to the upstream and downstream industry chain and forms a multi-services industrial development model.

 Wasu Investment

Wasu Investment is a holding company of Wasu Digital TV Intermediary Group Co.,Ltd. which is the main operator of Hangzhou digital TV and provincial operator of Zhejiang digital TV. Wasu is committed to promoting the development of digital TV in the province with the development of digital TV as an entry point. Currently, it has over 1.5 million cable subscribers. In the process of promoting digital TV development, Wasu has created the development models of digital TV, and established "Hangzhou model" of digital TV development in the industry. It rapidly promotes the overall shifting of digital cable TV in Hangzhou, the user number of entire shifting has firstly surpassed one million as early as by the end of 2006 in the country. The company also achieved good social and economic benefits.

 CITIC Jinxiu （stock code000839）

CITIC Jinxiu is a capital enterprise held by CITIC Group, CITIC Group's business scope mainly involves in three areas: finance, industry and other services industry, its wholly-owned subsidiary, "CITIC Guo'an Information Industry Co., Ltd. "(stock code 000839) is mainly engaged in investment and construction of cable networks and satellite communication networks in information network infrastructure business, the company has invested 18 cable TV network projects including Hebei Province network and Wuhan, Jingzhou, Changsha, Yueyang, Xiangtan, Liuyang, Hefei, Qinhuangdao, Tangshan, Cangzhou, Chengde, Zhoukou, Weihai, Nanjing, Changzhou, Wujin and Jintan, the total number of cable TV network users reached over 5 million.

 Fortune Venture Capital （stock code000917）

Fortune Venture Capital is a wholly owned subsidiary of Hunan CATV Network Intermediary Co.,Ltd.(referred to as " Hunan CATV Network ", stock code 000917) which was established in 1998, the company has three branches of advertisement, program and network. Relying on resources advantages of seven Medias of Hunan TV Station, it has hundreds of millions of TV audience in China and 4 million Cable TV users in Hunan Province. The company has more than 40 holding, joint stock companies in and out of the province, forming a business network with Changsha, Beijing, Shanghai and Shenzhen as a regional center to radiating to the whole country, so that the company's business can get sustained and healthy develop and growth; through capital expansion, Hunan CATV Network is developing to a cross-media, cross-regions and comprehensive and international media industry group.

 Orchid Asia Group

Orchid Asia Group is a limited liability partnership investment institution jointly set up by some world-renowned institutional investors and families. It mainly invested in private enterprises in period of expansion and consumer products and service industries with high barriers and potential; the company has offices in Hong Kong, Shanghai, Beijing, Guangzhou and San Francisco. Orchid Asia has dominated the early stage of investment in Ctrip.com International Ltd. (CTRP) and helped CTRP to be successfully listed on NASDAQ in December 2003. Orchid Asia was also the first-round investors of China's largest online auction company - EachNet. The company was sold to eBay at the price of 225 million U.S. dollars in June 2003. (eBay)。

 iPanel (Shenzhen)

iPanel technology (Shenzhen) Co., Ltd is a wholly foreign owned enterprise, the company was established in 2001, mainly engaged in technical advice of communication products, import and export and economic information consultation service.