Leb,

After reading and rereading this statement as I often do a few things stand out to me.

Following closing, DenseLight’s operation in Singapore is expected to be expanded, both to support the preferred supply and strategic cooperation agreements negotiated with POET as part of the Share Sale Agreement and to serve an expanded market presence in China. Future plans include the construction of a high-volume manufacturing plant in Suzhou, expansion of sales and marketing efforts in China and elsewhere, and a potential public listing for DL Shanghai in China.

My take is the DL sale is a gateway to the OI in China and expanding to surrounding countries as it grows. DL will have a new superior product to offer and Poet will benefit from sales.

The Tier 1 I believe is a completely separate arrangement. I prefer it this way as I think it benefits us as shareholders. We have our hands in two different pots on two different sides of the world. Also reduces risk to political uncertainties. And maintains leverage on our part.