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The merger of INPAQ TECHNOLOGY Co., Ltd. and E-Tro

If you have any further question, please don't hesitate to contact us. Thank you.

We, INPAQ Technology Co., LTD, would like to seriously clarify the wrong information 
about the investment of GPS system company to INPAQ Technology Co., LTD.

We have checked share holder list and didn't find any GPS system company investing INPAQ Technology Co., LTD or buying stocks of INPAQ Technology Co.,LTD.

To avoid misunderstanding and doubt, we hereby would like to make this statement.

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