On 16 May 2016, China Communication Telecom Services Company Limited (8206.HK) Successfully Completed the acquisition of Target Group in Heilongjiang, receiving the exclusive right to organise China Robot Competition (“CRC”) and relevant training courses in Heilongjiang Province (collectively, the “CRC Business”). The acquisition will bring about increased economic benefits to the Company with the addition of a new revenue source.

Mr. He Chenguang, Chairman of the Company said, “We are very pleased with the successful completion of the acquisition, which is in line with the expected development strategic layout of the Company. The acquisition is a result of our active business development. The CRC Business will be a key growth driver of the Company, as we own the priority to acquire CRC business in relevant provinces from our parent company. We will also pay close attention to potential business opportunities to set a solid foundation for the continuous development of the CRC Business.”