JOINT ANNOUNCEMENT(1)CLOSE OF MANDATORY UNCONDITIONAL CASH OFFERS BY CINDA INT’L CAPITAL AND RAINBOW CAPITAL (HK) FOR AND ON BEHALF OF YAEL CAPITAL MGT LTD TO ACQUIRE ALL THE ISSUED SHARES OF QUALI-SMART HLDGS LTD AND TO CANCEL ALL OUTSTANDING OPTIONS OF QUALI-SMART HLDGS LTD (OTHER THAN THOSE ALREADY OWNED AND/OR AGREED TO BE ACQUIRED BY YAEL CAPITAL MGT LTD AND PARTIES ACTING IN CONCERT WITH IT); (2)RESULTS OF THE OFFERS;(3) SETTLSETTLEMENT OF THE OFFERS; AND(4) PUBLIC FLOAT OF THE COMPANY

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