Ann: China Company MOU Update , page-2

I have read through this announcement a few times & other China Co ann. & can only conclude that it is very close to being finalised.

I have not spoken to the Co. about this deal as yet but I will be watching closely for any increase in buying as a sign to a pending announcement.

Will hold for next 6 months & do expect plenty of upside out of this one.


"m2m has been actively investigating and negotiating the investment in this business in China. This is
in line with management’s strategy as outlined at the Annual General Meeting in November 2007.
China Company Update

Following recent negotiations, a further agreement has been signed that provides principles for
preferred pricing, ownership and board representation, based on an initial investment by m2m.

It also provides the mechanism for concluding the initial investment through an exclusive right to negotiate
and an option arrangement to extend the initial investment.

It has been agreed that m2m will lead the joint development of the project’s business planning and
forecasting to meet the likely requirements of the m2m Board and investors.

m2m continues to work with its Investment Bank advisor regarding this investment.

m2m and its Investment Bank have also identified parties that may be invited to participate in the investment.

Initial due diligence has occurred with a party with considerable experience in the region and with the technology."