The Board announced that on 21 August 2018, O-Net Technologies (Group) Limited entered into the Supply Agreement with Butterfly for a term of three years commencing with retrospective effect from 1 January 2018 and expiring on 31 December 2020 regarding the supply of the Relevant Products by O-Net Shenzhen to Butterfly. The annual cap under the Supply Agreement for each of the three years ending 31 December 2020 shall be RMB 10,000,000. Reference is made to the announcement made by the company dated 21 May 2014 in relation to the entering into a supply agreement (2014 Supply Agreement) between O-Net Shenzhen and Butterfly for the supply on the Relevant Products by O-Net Shenzhen to Butterfly. The 2014 Supply Agreement has expired on 31 December 2016.