The board of directors of China All Access (Holdings) Limited announce that on 28 August 2020 that it has entered into a trade financing agreement with Energy Venture Holding Company (EVHC) LLC. Whilst the Company is developing the business of engineering procurement construction it has to secure trade financing for execution of various telecommunications projects. Pursuant to the Agreement, the Financing Partner agreed to provide trade financing of USD 500 million for the joint development of the telecommunications projects as well as other EPC projects including solar energy projects which are being developed by the Company. The Company is responsible for identifying qualified telecommunications projects and any other projects for the Financing Partner to provide funding, executing equipment procurement, mobilizing resources for project construction, monitoring project progress, running testing and commission, finalizing project completion and handover as well as managing ongoing maintenance and warranty service. The Company and the Financing Partner will decide jointly for the payment to be received by the Financing Partner in each trade finance transaction of this Agreement. The Agreement will remain in full force and effect for one year and can be extended for another year if mutually agreed by both parties. The Board is of the view that the entering into the Agreement is beneficial to the Company as it provides prominent amount of financing resources for EPC projects which can generate more profitable business and positive operating cashflow for its future development.