The Board of Directors (the “Board”) of Sinotel Technologies Ltd. (the “Company” and together with its
subsidiaries, the “Group”) refers to the announcements made on 10 April 2012, 16 May 2012, 18 July
2012, 21 August 2012 and 19 February 2013 in relation to the unauthorised purchase payments of
approximately RMB105.4 million conducted fraudulently by ex-employees, Wang Yuxiao (王育晓) and
his accomplices, being Meng Fan Yun (孟凡芸) and Niu Meng (牛萌).
The Board wishes to announce that the Group has successfully recovered the full sum of the
unauthorised purchase payments of approximately RMB105.4 million following the collection of the
remaining sum of approximately RMB31.3 million.
