Ann: China Product and Sales Update, page-10

Very pleased to receive this update. Although the share price is extremely depressed the outlook is the best for the company since I have been involved from the very beginning.

Sales are real and growing with future prospects being bright.

However there were certain aspects of the announcement that confused me. It said that the product was launched in October 2017, but was to be deployed on the 1st February 2018. I assume from this that customers have placed orders and paid for their VIN licences up front, but as yet have not had the product provided to them for their use.

Also they say since Oct 2017 , China Telecom have sold licences to 65 corporate clients and then in the next breath they say that China Telecom has added another 150 corporate clients to give a total of 383. These numbers don't seem to add up for me.

Hopefully some one else has an explanation.