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| FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Maxtech Enterprises Limited
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(Last) (First) (Middle)
Suite 835A
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(Street)
Europort, Gilbraitar
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 7/11/00
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3. IRS or Social Security Number of Reporting Person (Voluntary) ______________
4. Issuer Name and Ticker or Trading Symbol Sohu.com Inc. (SOHU)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
___ Director ___ Officer X 10% Owner ___ Other
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(give title below) (specify below)
6. If Amendment, Date of Original (Month/Day/Year) ____________________________
7. Individual or Joint/Group Filing (Check applicable Line)
___ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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Table I--Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
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1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Bene- Direct (D) or Indirect Bene-
Security ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 6,360,219(1) D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see instruction
5(b)(v). See Attachment I.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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| FORM 3 | (continued) Table II--Derivative Securities Beneficially Owned
+--------+ (e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene-
Expiration (Instr. 4) Exercise Derivative ficial
Date Price Security: Ownership
(Month/Day/ of Direct (D) (Instr. 5)
Year) Derivative or In-
---------------------------------------------------- Security direct (I)
Date Expira- Amount or (Instr. 5)
Exer- tion Title Number of
cisable Date Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Warrant Immed. 10/18/01 Common Stock 212,675 $2.251 D
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</TABLE>
Explanation of Responses:
(1) This number is derived from preferred stock holdings of the reporting
person that will convert automatically upon the closing of the Company's
IPO (the "IPO"), currently scheduled for July 17, 2000. The reporting
person holds 1,759,134 shares of Series B Convertible Preferred Stock that
will convert automatically into approximately 2,931,889 shares of company
Common Stock upon the closing of the IPO and 3,428,329 shares of Series C
Convertible Preferred Stock that will convert automatically into the same
number of shares of Common Stock upon the closing of the IPO.
Lee Ying Cheung Louise Garbarino July 11, 2000
-------------------------------------------- -------------
Name: Lee Ying Cheung Louise Garbarino Date
Title: Director Secretary
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Page 2 of 3
<PAGE>
Attachment 1 to Form 3
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Table 1 - Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
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Name and Address of Title of Security Amount of Securities Ownership Form Nature of Indirect Beneficial Ownership
------------------- ----------------- -------------------- -------------- ---------------------------------------
Beneficial Owner Beneficial Owned
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<S> <C> <C> <C> <C>
Morningside Common Stock 6,360,219 (1) I Sole stockholder of Maxtech Enterprises
Technologies, Inc. Limited
22/F, Hang Lung Centre
2-20 Paterson Street
Causeway Bay, Hong Kong
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Morningside Common Stock 6,360,219 (1) I Sole stockholder of Morningside
CyberVentures Holdings Technologies, Inc.
Limited
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Verrall Limited, as Common Stock 6,360,219 (1) I Sole stockholder of Morningside Cyber-
trustee of The NTX-II Ventures Limited. Verrall Limited controls
Trust c/o Dickinson, indirectly, through The NTX-II Trust,
Cruickshank & Co.33/37, a 100% ownership interest in
Athol Street Douglas IM1 by Maxtech Enterprises Limited and
1LB Isle of Man has sole power to vote and dispose of the
shares of the shares of Sohu held by
Maxtech Enterprises Limited.
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</TABLE>
(1) See note on page 2 of Form 3
Table 2--Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
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Name and Title of Date Exer- Title and Amount of Securities Conversion Ownership Nature of In-
Address Security cisable and Underlying Derivative Security or Form of direct Bene-
of Expiration (Instr. 4) Exercise Derivative ficial
Beneficial Date Price of Security Ownership
Owner (Month/Day/ Derivative
Year) Security
----------------------------------------------------
Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Morningside Warrant Immed. 10/18/01 Common 212,675 $2.251 I Sole stock
Technologies, Stock holder of
Inc. 22/F, Maxtech
Hang Lung Enterprises
Centre Limited
2-20 Paterson
Street
Causeway Bay,
Hong Kong
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Morningside Warrant Immed. 10/18/01 Common 212,675 $2.251 I Sole stock
CyberVentures Stock holder of
Holdings Morningside
Limited Technologies,
Inc.
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Verrall Warrant Immed. 10/18/01 Common 212,675 $2.251 I Sole
Limited,as Stock stockholder
trustee of of Morning
The NTX-II side
Trust c/o CyberVentures
Dickinson, Holdings
Cruickshank & Limited. Verrall
Co. 33/37, Athol Limited controls
Street Douglas indirectly, through
IM1 1LB The NTX-II Trust,
Isle of Man a 100% ownership
interest in
Maxtech Enterprise
Limited and has
sole power to
vote and dispose
of the shares of
Sohu held by
Maxtech Enterprise
Limited.
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</TABLE>
Page 2 of 2
