Phoenix Acquisition ^{Withdrawn, Nasdaq: PHEXU}

We are a blank check company. Our objectives are to generate compelling attractive returns for our shareholders and to enhance value through top line growth and hands-on operational improvement for our potential target companies. We believe our management team’s personnel, network and relationships combined with their unique and diversified experiences in investing, operating and transforming businesses will uniquely position them to identify and execute attractive business combination opportunities. Our efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although we intend to capitalize on the management team’s network and focus our search on target businesses operating in Asia and North America, focusing on the telecommunications, media and technology (TMT) sector. Our management team consists of a team of members that have significant experience working and managing in the TMT market in these regions. Our team is led by Mr. Wayne Christopher Farmer, our Chief Executive Officer and Mr. Francis Pak Ying Mak, our Chief Financial Officer.