DESCARTES INVESTMENT MANAGEMENT LIMITED
DESCARTES GLOBAL ASSET MANAGEMENT LIMITED
DESCARTES FINANCE LIMITED
DESCARTES ATHENA FUND SPC

Written By: on ADMINISTRATION, INSOLVENCY MANAGEMENT, LIQUIDATION

I refer to the announcement made by the Securities and Futures Commission (“SFC”) on 6 May 2015, regarding the agreement reached by the SFC with Bestmega / NBS.

I would like to draw your attention that the agreement will be valid only once approved by the respective Courts in Hong Kong and the Cayman Islands.

The legal proceeding mentioned in the announcement is still on going and at this time the Administrators and Liquidators are unable to provide further details in relation to this matter.