A financial technology business principally

focused on the growth and development of a suite of consumer fintech services

across approximately 130 cities in China, with planned expansion into

additional markets.

Tingo Mobile PLC, is

being wholly acquired by MICT with an anticipated completion date of November

30, 2022. Tingo Mobile, is the leading Agri-Fintech company operating in

Africa, with a marketplace platform that empowers social upliftment through

mobile, technology and financial access for rural farming communities.