Refer to the MESB’s announcement made on 24 February 2012 and further discussion with UMHSB, the Board of Directors of MESB wishes to announce that both Parties concluded that there will be no formal agreement to be entered into by both Parties to the effect of MOU after the duration of MOU. Accordingly, the MOU shall be null and void and shall have no effect against each Party.

This announcement is dated 9 March 2012.

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