The Board announced that on 27 December 2012, China City Railway Transportation Technology Holdings Company Limited entered into the Technical Consultancy Agreement with Beijing-MTR. Pursuant to the Technical Consultancy Agreement, the company was engaged to provide relevant technical consultancy services to Beijing-MTR. The technical consultancy services in relation to the following aspects: the multi-line operation; the demand analysis, system design and implementations and project management of the MLC construction project; the establishment and optimisation of the fare operation and revenue management system; including the establishment and application of MASS; the establishment of the AFC System for the subway; and the PIS value-added business platform, including but not limited to MLPC, the Internet value- added platform and construction of the subway wireless network (WIFI).