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CHINA ALL ACCESS (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 633) (1) COMPLETION OF VERY SUBSTANTIAL ACQUISITION AND (2) SIGNING OF FRAMEWORK AGREEMENT IN RELATION TO SUPPLY OF MOBILE TERMINALS AND PARTS BY THE TARGET GROUP TO THE ZTE GROUP

The Board is pleased to announce that the Acquisition Completion took place on
26 December 2012 and the signing of the Framework Agreement took place on 28
December 2012.

Reference is made to the announcements of China All Access (Holdings) Limited (the "Company") dated 16 November 2012 and 14 December 2012 and the circulars (the "Circulars") of the Company dated 5 December 2012 and 14 December 2012. Terms used herein shall have the same meanings as defined in the Circulars unless the context requires otherwise.

ACQUISITION COMPLETION

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that the Acquisition Completion took place on 26 December 2012 in accordance with the terms and conditions of the Equity Transfer Agreement. Following the Acquisition Completion, the Target Company has become a 51% owned subsidiary of the Company and the financial results of the Target Group has henceforth been consolidated into the consolidated financial statements of the Company.
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As of the Acquisition Completion, Guangdong All Access had paid in aggregate RMB408 million as the first and second instalments of the Acquisition Consideration pursuant to the terms of the Equity Transfer Agreement. The balance of the Acquisition Consideration, being RMB408 million, is payable by Guangdong All Access in two further instalments pursuant to the terms and conditions of the Equity Transfer Agreement.

SIGNING OF THE FRAMEWORK AGREEMENT

The Board is pleased to announce that the Framework Agreement in relation to the supply of the Products by the Target Group to the ZTE Group was entered into by the parties thereto on 28 December 2012 on the same terms and conditions as set out in the announcement and circular of the Company dated 14 December 2012.
The transactions contemplated under the Framework Agreement and the related annual caps are subject to the approval of the Independent Shareholders at the EGM to be convened on 4 January 2013. The Company will announce the poll results at the EGM pursuant to Rule 13.39(5) of the Listing Rules in due course.
Hong Kong, 3 January 2013
By order of the Board

China All Access (Holdings) Limited Shao Kwok Keung

Chief Executive Officer

As at the date of this announcement, the executive Directors are Mr. Chan Yuen Ming, Mr. Shao Kwok Keung, Mr. Zhao Qing An and Mr. Xiu Zhi Bao; and the independent non-executive Directors are Mr. Pun Yan Chak, Mr. Wong Che Man Eddy and Mr. Lam Kin Hung Patrick.

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