The Board of AKM Industrial Company Limited announced that all the conditions of the Shares Subscription as set out in the Subscription Agreement have been fulfilled. Completion of the Shares Subscription took place on 27 January 2014, pursuant to which 290,920,000 Subscription Shares have been allotted and issued to Goertek HongKong at the Subscription Price of HKD 0.513 per Subscription Share. Pursuant to the terms of the Subscription Agreement, GoerTek is entitled to nominate one non-executive Director to the board of Directors of the company upon completion of the Subscription Agreement.

GoerTek has nominated Mr. Gong Jiantang to the Board and Mr. Gong has been appointed as a non-executive Director of the company with effect from 27 January 2014. Mr. Gong, is currently Senior Deputy General Manager of GoerTek.