On 23 December 2014, the Company entered into the assignment with Global Link (the "Assignemnt"), pursuant to which the Company has agreed to assign the Application Rights of CA-SIM to Global Link and its subsidiaries throughout the Panyu District of Guangzhou City. In accordance with the terms and conditions of the Assignment, The Board is pleased to announce that as all the conditions precedent of the Assignment have been fulfilled, the completion took place on 30 December 2014.