• See Che Chi (NRIC No: 700130-05-5331) of No 5. Solok Sireh, Jalan Meru, 41050 Klang, Selangor, Malaysia (the “Vendor”); and
• Beijing SignCharge Technologies Co. Ltd (北京信联移通科技有限公司) (“SignCharge China”) (Company No. 110000450190531), a company incorporated in China with its business office at Suite 602, Tower 1, 1+1 Mansion, 10 Caihefang Rd, Haidian District, Beijing, China 100080,

for the acquisition of 765,000 ordinary shares of RM1.00 each, representing 51.00% of the issued and paid-up share capital of SignCharge Sdn Bhd (“SignCharge”) (Company No. 811740-X) from the Vendor (the “Acquisition”) for a total cash consideration of RM1,000,000 free from all liens, charges and encumbrances and together with all rights now or hereafter attaching thereto and upon the terms and conditions stated in the SPA. Subsequent to the Acquisition, SignCharge will become a 51.00%-owned subsidiary company of ManagePay.

The Vendor has caused an option to be granted to ManagePay or ManagePay’s nominee to purchase ten per centum (10.00%) in the shares (“Option”) of SignCharge China, such Option to be valid for a period of one (1) year from the date of the Option (“Option Period”) and to be exercisable at the last transacted price during the Option Period or in the absence of such transaction, at such price to be mutually agreed between the Vendor and ManagePay.

Please refer to the attached file for further details of the Acquisition.

This announcement is dated 16 May 2014.