China All Access : Voluntary Announcement in Relation to (1) Allegation Reports and (2) 2015 Annual Results Announcement and Annual Report

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中國全通(控股)有限公司

CHINA ALL ACCESS (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 633) VOLUNTARY ANNOUNCEMENT IN RELATION TO

1. ALLEGATION REPORTS AND
2. 2015 ANNUAL RESULTS ANNOUNCEMENT AND

ANNUAL REPORT

This announcement is made by China All Access (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.

Reference is made to the announcements (the "Previous Announcements") of the Company issued on 13 December 2016, 18 December 2016, 20 December 2016 and

21 December 2016 in relation to the allegation reports published by Triam (collectively, the "Allegation Reports"), the 2015 Results Announcement and the 2015 Annual Report. Unless otherwise defined herein, capitalised terms used herein shall have the same meanings as those defined in the Previous Announcements.

The Board hereby announces further information for the information contained in the Previous Announcements, the 2015 Results Announcement and the 2015 Annual Report as follows:

1. The auditors of the Company, HLB Hodgson Impey Cheng Limited ("HLB"), are aware of the Allegation Reports and they have confirmed that they have no intention to withdraw or amend their audit opinion on the 2015 Financial Statements despite the Allegation Reports.

2. Each of the Company's independent non-executive Directors and the audit committee had reviewed the Allegation Reports. Their position towards the Allegation Reports is the same as that of the Company as disclosed in the Previous Announcements.

3. Regarding the disclosure relating to the revenue from customers amounting to 10 percent or more of the Group's revenue in the 2015 Results Announcement, there is no specific accounting standard guiding the disclosure of revenue from major customers preparing in annual results announcement.

4. As set out in the Previous Announcements, some adjustments for line items in the consolidated statement of profit or loss of the Group and consolidated statement of financial position of the Group disclosed in the 2015 Results Announcement were made in the 2015 Annual Report. The Company wishes to state that the Directors and HLB were aware of such adjustments at the time of finalisation of the 2015 Annual Report after the publication of the 2015 Results Announcement. As set out on page 5 of the announcement of the Company dated 18 December 2016, figures for the top line items such as revenue, cost of sales and gross profit in the 2015 Annual Report were the same as those disclosed in the 2015 Results Announcement, and figures for the bottom line items such as profit before taxation, income tax, profit for the year from continuing operations, profit for the year from discontinued operations, profit for the year from continuing and discontinued operations, the earnings per share from continuing and discontinued operations and net assets in the 2015 Annual Report were same as those disclosed in the 2015 Results Announcement.

   Set out below are the details and reasons of adjustments in the consolidated statement of profit or loss of the Group and consolidated statement of financial position of the Group disclosed in the 2015 Results Announcement made in the 2015 Annual Report:

   2015 Results Announcement	Adjustments	Notes	2015 Annual Report
   RMB'000	RMB'000	RMB'000
   CONSOLIDATED STATEMENT OF PROFIT OR LOSS
   Other revenue	30,703	(18,156)	(a)	12,547
   Other net loss	25,681	(18,156)	(a)	7,525
   Administrative expenses	138,191	71,373 (5,357)	(b) (c)	204,207
   Profit from operations	430,012	(18,156) 18,156 (71,373) 5,357	(a) (a) (b) (c)	363,996
   Finance income	202,224	(5,357) (80,117)	(c) (d)	116,750

   2015 Results Announcement	Adjustments	Notes	2015 Annual Report
   RMB'000	RMB'000	RMB'000
   Finance costs	308,041	(71,373) (80,117) 9,178 (9,178)	(b) (d) (d) (d)	156,551
   CONSOLIDATED STATEMENT OF FINANCIAL POSITION
   Non-current assets
   Deferred tax assets	20,157	(9,059)	(e)	11,098
   Current assets
   Trade and other receivables	2,654,298	760	(e)	2,655,058
   Prepayments	403,000	(26,857)	(e)	376,143
   Assets of disposal group classified as held for sale	3,289,183	9,059 26,857 (760) (5,835)	(e) (e) (e) (f)	3,318,504
   Current liabilities
   Trade and other payables	1,533,593	(20,394) (194,473) 72,078	(g) (h) (i)	1,390,804
   Convertible bonds	413,843	(72,078) (75,878)	(i) (j)	265,887
   Income tax payable	150,532	20,394	(g)	170,926
   Liabilities of disposal group classified as held for sale	2,325,839	(5,835) 194,473 25,133 5,076 (1)	(f) (h) (h) (h) (k)	2,544,685
   Non-current liabilities
   Interest-bearing borrowings	202,913	(25,133)	(h)	177,780
   Convertible bonds	836,831	75,878	(j)	912,709
   Deferred income	15,884	1	(k)	15,885
   Deferred tax liabilities	21,211	(5,076)	(h)	16,135

   Notes:

   Consolidated statement of profit or loss

   The changes of the line items in the consolidated statement of profit or loss of the Group in the 2015 Annual Report were due to reclassification and/or set off in accordance with the applicable accounting standard, i.e. (i) presenting a group of similar transactions on a net basis of gains and loss, and (ii) reclassification of certain expenses within the consolidated statement of profit or loss based on the nature of transactions. Further details are set out below:

5. An amount of approximately RMB18,156,000 represents the recognition of income and cost on disposal of the Group's assets on the net basis which was set off in 2015 Annual Report.

6. An amount of approximately RMB71,373,000 of "finance costs" in the consolidated statement of profit or loss in the 2015 Results Announcement was reclassified as "administrative expenses" in the 2015 Annual Report as such amount represents the administrative expense of certain entities in the Group.

7. An amount of approximately RMB5,357,000 of "finance income" and "administrative expenses" in the consolidated statement of profit or loss in the 2015 Results Announcement was set off on the net basis in the 2015 Annual Report as such amount of "financial income" represents the recognition of interest income based on the premium interest rate as per agreement of the structured deposits and such amount of "administrative expenses" represents the recognition of written back of the interest income with reference to the minimum interest rate as per agreement of the structured deposit for the purpose of recognising the return having considered the book closing at 31 December 2015.

8. An amount of approximately RMB80,117,000 represents the fair value gain and fair value loss on derivative component of convertible bonds which was set off in the 2015 Annual Report as such amount of "finance cost" represents the recognition reflecting the fair value change based on the nature of the transactions.

An amount of approximately RMB9,178,000 of "finance costs" in the consolidated statement of profit or loss in the 2015 Results Announcement (representing "interest expenses on convertible bonds" as set out in note 6(b) to the consolidated statement of profit or loss in the 2015 Results Announcement) was reclassified as "change in fair value of derivative