CMMB Vision Holdings Limited announced that it has entered into a partnership agreement with China Satellite Mobile Media Limited (CSMM) to jointly operate mobile multimedia and data delivery service in China based on the Company's L-band frequency AsiaStar satellite. CSMM has the exclusive authorization from China Telecom to operate the L-band frequency and related businesses in China historically. The frequency landing right of the AsiaStar satellite expired on 31 December 2014 due to a shareholding change.

Since the Company's assumption of the AsiaStar satellite's current user right and the entering of the partnership agreement with CSMM, the AsiaStar satellite's landing right renewal is under application through sponsorship of CSMM and China Telecom. CSMM utilizes the ubiquitous coverage of the L-band coverage to develop mobile multimedia data delivery services, including universal WiFi data distribution, precision positioning for navigation, logistic and tracking management by combining satellite in the sky and terrestrial networks. The company considers the partnership agreement between the Company and CSMM will enable the company to operate the L-band service through CSMM and China Telecom's platform and gain a foothold in the highly regulated satellite service industry in China.