MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF APPROXIMATELY 11.72% EQUITY INTEREST IN TIANYE

MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF APPROXIMATELY 11.72% EQUITY INTEREST IN TIANYE INNOVATION CORPORATION AND GRANT OF WAIVER FROM STRICT COMPLIANCE WITH RULES 14.67(6)(a)(i) AND 14.67(7) OF THE LISTING RULES