e-Kong Group Limited (SEHK:524) entered into a non-legally binding term sheet to acquire Enraytek Optoelectronics Co., Ltd. from Nice Wisdom Limited on July 20, 2015. In a related transaction, e-Kong Group Limited entered into a non-legally binding term sheet to acquire Allied Crown Investment Limited and Arbo International Limited on July 20, 2015. Pursuant to the term sheet signed, e-Kong Group paid CNY 12.5 million (HKD 15.82 million) as a refundable deposit which will be refundable in full if a definitive agreement is not entered into on or before December 31, 2015. The transaction is subject to due diligence and signing of a definitive agreement. The conversion was done through www.oanda.com as of July 20, 2015.

e-Kong Group Limited (SEHK:524) cancelled the acquisition of Enraytek Optoelectronics Co., Ltd. from Nice Wisdom Limited on January 31, 2016. The deposit was refunded on February 3, 2016.