On 24 January 2017, TravelSky Technology Limited has entered into the Xi'an Cares Subcontract Agreement with Xi'an Cares, pursuant to which the company has agreed to subcontract to Xi'an Cares the construction of the weak current system for the Geermu Airport Project, which includes but not limited to, the procurement, installation and testing of the required software and hardware and the system implementation as well as the five-year quality warranty for the weak current system. The consideration of RMB 15,262,922.00 (equivalent to approximately HKD 17,094,472.64). The consideration shall be paid by the company to Xi'an Cares by instalments according to the project progress as scheduled in the Xi'an Cares Subcontract Agreement. The parties may enter into a supplemental agreement to amend the consideration according to the actual purchase amount of the required software and hardware, and the provision of services under the Xi'an Cares Subcontract Agreement. The adjustment shall not exceed 10% of the consideration. The above consideration has been determined and agreed between the parties on an arm's length basis based on the costs of the software and hardware including the necessary technical support services and after taking into account the market conditions.