Universe International Holdings Ltd. (SEHK:1046) entered into an agreement to acquire a 4.17% stake in China Railsmedia Corporation Ltd. (SEHK:745) for HKD 60 million on January 7, 2014. Under the terms of the agreement, Universe International Holdings Ltd. will acquire 171.5 million shares of China Railsmedia Corporation Ltd. for HKD 0.35 per share. The consideration will be funded by internal resources of Universe International Holdings. The deal is expected to take place on January 10, 2014.

Universe International Holdings Ltd. (SEHK:1046) completed the acquisition of 4.17% stake in China Railsmedia Corporation Ltd. (SEHK:745) on January 10, 2014.