In December 2015, the Company acquired 51% interests in Naim Indah Mobile Communications Sdn Bhd (“NIMC”). NIMC has entered into an exclusive partnership agreement with MyAngkasa Holdings Sdn Bhd (“MHSB”) for the implementation of the “MyAngkasa” mobile program. Under the agreement, MHSB will undertake to market and sale to its members for NIMC’s post-paid mobile phone services. The Group views this as a strategic anchor customer that will provide the subscriber base to roll out its telecom services, focusing in post-paid customer, .

In March 2016, the Company is in advance discussion with a Malaysian telecom operator to roll out these services to the MyAngkasa customers. It is planned that the roll out commencing in July 2016.

2014 Products & Services Overview

We have established 3 business units namely “Advertising”, “Product Services” and “Telecommunication and Mobile”. A brief review and description of these three business units' strategies and operations are described below.

Clixster was incorporated as a private limited company in Malaysia on 16 March 2012. Its principal activities are to carry out all businesses relating to telecommunication and mobile services which include among others mobile virtual network operator (MVNO), mobile virtual network enabler (MVNE), voice over internet protocol (VOIP). On application, the Malaysian Communications and Multimedia Commission approved our application service class license (ASP-C) on 10 April 2013. Subsequently, we took over the network service provider individual license from Samata Communications Sdn Bhd, which transfer of the license was approved by the Minister of Communications and Multimedia Malaysia on 27 November 2013.

In the Malaysian mobile market, we realized that there are still pockets of customer circles or groups, which will respond positively if a service provider recognises their particular requirements or common interests, shared within each group. Thus, the materialization of an exclusive business partnership collaboration agreement with the National Cooperative Organisation or ANGKASA on 1 December 2013. Angkasa is an apex organization recognized by the Malaysian Government as a defacto body of cooperatives movement in Malaysia with over 4,000 cooperatives and more than 8 million members under its wing. It is by far the largest community based group, representing over 30% of the total Malaysian population and about 57% of the total work force in Malaysia.

This collaboration with ANGKASA gives Clixster an instant and exclusive access to a captive community of cooperative members as well as a link to a large distribution network of cooperative societies and members which opens the door of opportunities for Clixster’s products and services to reach these members where it will be able to cater to their needs in most if not all, cooperative-related matters and transactions such as accounts enquiry, withdrawals, deposits, purchases, payments, inter-sales of products from cooperative. In short, Clixster’s value proposition is derived from the currently unprovided needs of the cooperative members.

Clixster product portfolio is kept narrow covering the basic and relevant specialized services for the selected market, rather than a wide array of services to cater for diverse groups of customers.

Clixster maintains a low organizational structure that is capable to serve a large potential addressable market and respond to changes quickly. Through strategic partnership with business communities, we are able to offer a wider range of services by sharing resources with these partners.

Continuous introduction of new related product mix or features. All Clixster product packages are designed to stimulate usage. For example, Clixster prepaid subscription customers get a 10% rebate for every reload made, in addition to enjoying attractive low rates. The combination of rebate and low rates will encourage customers to use more.

Using specific marketing approach such as loyalty programmes help to increase “wallet share” of the specific customer segment. Clixster’s smartphone package in not only intended to get customers to switch away from their respective service provide, but also to increase customer spending on Clixster products and services.

¹ Malaysia Economic Report 2014/2015

² Malaysia’s telco sector still likely to see challenges in the medium term - The Borneo Post Online 16/3/15

Subscriber Market

By 2015, the Malaysian market is expected to reach a mobile subscriber base of over 50 million (as at 2013: 42.6 million¹). Although growth is expected to slow down as the market approaches saturation but it is still expected to register a CAGR of 6.0% from 2011-2015. Riding on increasing demand for internet access, 3G subscriptions reached 14.5 million with an annual growth of 41.0% in 2012 and are expected to cross 18.4 million by December 2013. Broadband internet has also been expanding strongly in recent years and as at first quarter of 2014, reached a 67% household penetration with more than half of households having some form of broadband access.¹ Also from the report by We Are Social, the mobile broadband penetration rate in March 2015 of Macau, Hong Kong, Thailand and Singapore were at 264%, 122%, 112% and 106% respectively whilst Malaysia achieved 78%.¹ The Malaysian Communications and Multimedia Commission reported a rate of 72.2% for the first half of 2015. ²

Greater affordability of mobile services, development of platforms and mobile enabled services including mobile payments, information services and educational tools) and entry of non-traditional players into the ecosystem including technology companies and content provider are key indicators to the potential future growth opportunities of the market.

¹ Digital, Social and Mobile in APAC 2015 – We Are Social Singapore

² MCMC - Pocket Book of Statistics, Q2 2015

The explosive growth of wireless is one of the most striking aspects of the telecom industry since the 1990s. Demand for low-cost and high-value cellular service has been driving the mobile industry towards price wars. As the industry continue to mature, Mobile Network Operators (MNO’s) recognize that future growth depends on the pursuit of new markets beyond the conventional method of direct acquisition of new subscribers. The growth driven by bundled service offerings with slashed rates is only a short-term remedy. A new strategic model through alliances with Mobile Virtual Network Operator (MVNO) offered a far sighted solution. The MVNO model is seen as both, a solution as well as an opportunity for MNOs to pursue new markets that present sustainable growth and retention.

MVNO’s typically do not own a network but lease the network of a service provider that does have a network. An MVNO business consists of managing two key relationships; Mobile Network Operator (MNO) and the end-users. MVNO provides mobile services without owning spectrum and relies on the MNO network infrastructure. Notably, this business arrangement allows smaller service providers to be focused on specific aspects of the mobile business by offering specialized services and enriching the industry service offerings through optimization usage of the network infrastructure.

MVNOs provide lower operational costs for mobile operators through billing, sales, customer service, marketing, increase revenue through new applications, value added services and attractive rates. As such, the opportunity for mobile operators to take advantage of MVNOs generally outweighs the competitive threat.

Plan of operations

OUR PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS.

We hope to generate additional revenues in the next twelve months by engaging business operations through internal growth and through strategic acquisitions and cooperative advertising agreements, as described more fully under "Overview" above.

Financing and funding

Governmental Regulation

We are subject to federal, state and local laws and regulations applied to businesses in general. We believe that we comply with the requirements in Malaysia for any licenses or approvals to pursue our proposed business plan. In locations where we operate, the applicable laws and regulations are subject to amendment or interpretation by regulatory authorities. Generally, such authorities are vested with relatively broad discretion to grant, renew and revoke licensee and approvals, and to implement regulations. Licenses may be denied or revoked for various reasons, including the violation of such regulations, conviction of crimes and the like. Possible sanctions which may be imposed include the suspension of individual employees, limitations on engaging in a particular business for specific periods of time, revocation of licenses, censures, redress to customers and fines. We believe that we are in conformity with all applicable laws in all relevant jurisdictions. We may be prevented from operating if our activities are not in compliance and must take action to comply with the relevant laws and regulations.

Patents

We have no patents, trademarks nor copyrights registration.

Registered Trademarks

We have no registered trademark.

Copyrights

The Company does not hold any registered copyrights.

REVENUES

For the year ended December 31, 2014, the Group has realized revenue of $4,216 and no cost of revenue, achieving a gross profit of $4,216 from its continuing operations. For the year ended December 31, 2013 there was no revenue, costs of sales and gross profit from the continuing operations. For the year ended December 31, 2014, the Group has realized revenue of $5,186,766 and a cost of revenue of $4,136,723 and sales discount of $851,916 resulting in a gross profit of $198,127 from its business operations held for sale (Note 6). For the year ended December 31, 2013, Group has realized revenue of $2,660,292 and a cost of revenue of $1,439,211 and sale discount of $683,087 resulting in a gross profit of $537,994 from its business operations held for sale (Note 6).

OPERATING EXPENSES

For the year ended December 31, 2014, from our continuing operations, our gross profit was $4,216 and our total operating expenses were $135,383 all of which were selling, general and administrative expenses. In addition, we had $400,050 in other income resulting from a write back of liability, $420,362 in gain on disposal of subsidiaries and $146,667 in interest expenses and loss from our operations held for sales of $4,002,463 so that the net loss to our shareholders for the year ended December 31, 2014 was $3,459,885. This was in comparison to the year ended December 31, 2013 where we had no gross profit and $95,847 in administration expenses, $236,504 in gain on write back of option liabilities and $163,101 in interest expenses, and a loss from our operations held for sales of $4,002,463 so that the net loss to our shareholders for the year ended December 31, 2103 was $3,459,885.

As at December 31, 2014, the Company had cash and cash equivalents totaling $3,911, other current assets consisting of deposits and prepayments of $627, and assets of operations held for sale of $7,389,418. The total assets of the Company were $7,393,956 as of December 31, 2014. We also had current liabilities of $13,075,651 which were represented by $1146,667 in amounts due to related parties, $639,248 in other payables and accruals, and $12,289,736 in operations held for sale as of December 31, 2014. We also had $2,000,000 in long-term shareholders loan as of December 31, 2014, making our total liabilities $15,075,651.

At present the Company does not have sufficient cash resources to provide for all general corporate operations in the foreseeable future. The Company will be required to raise additional capital in order to continue and expand its operations in fiscal 2014.

We have a limited operating history on which to base an evaluation of our business and prospects. Our operating results may fluctuate as a result of a number of factors, many of which are outside of our control. For these reasons, comparing our operating results on a period-to-period basis may not be meaningful, and you should not rely on our past results as an indication of our future performance. Our prospects must be considered in light of inherent risks, expenses, and difficulties encountered by companies in their early stages of development, particularly in new and evolving markets.

We have generated losses for the past years as our consumer electronics and advertising businesses has come under competitive price pressure which the management is rationalizing the operation in order to be competitive. The advertising and mobile devices operations commenced in April 2006 with a very limited operating history for these operations due to the lack of operating and financial resources. Our operating results to 2013 relate principally to trading in consumer electronics and light appliances, and mobile devices. However in January 2014 these businesses were disposed and we closed the acquisition of the MVNO business. Accordingly, our future prospects are uncertain in light of the risks and uncertainties experienced by early stage companies in evolving industries, and in particular our future MVNO operation in Malaysia. Due to our limited history and limited resources, it is difficult for us to predict future revenues and operating expenses. We based our expense levels, in part, on our expectations of future revenues from anticipated transactions. If our MVNO and mobile device business develops slower than we expect, our losses may be higher than anticipated, we may have to curtail parts of our business plan and to the market price of our stock may decline.

Some of the other risks and uncertainties of our business relate to our ability to:

Technology and service companies are frequently involved in litigation based on allegations of infringement of intellectual property rights, unfair competition, and invasion of privacy, defamation and other violations of third-party rights. The validity, enforceability and scope of protection of intellectual property, particularly in Malaysia, are uncertain and still evolving. In addition, many parties are actively developing and seeking protection for electronics technologies, including seeking patent protection. There may be patents issued or pending that are held by others that cover significant aspects of our technologies, products, business methods or services. As we face increasing competition and as litigation becomes more common in Malaysia and elsewhere in Asia for resolving commercial disputes, we face a higher risk of being the subject of intellectual property infringement claims.

Intellectual property litigation is expensive and time consuming and could divert resources and management attention from the operations of our businesses. If there is a successful claim of infringement, we may be required to pay substantial fines and damages or enter into royalty or license agreements that may not be available on commercially acceptable terms, if at all. Our failure to obtain a license of the rights on a timely basis could harm our business. Any intellectual property litigation could have a material adverse effect on our business, financial condition or results of operations.

Global economic conditions could have a negative effect on our business and results of operations like the global economic downturn in 2008 when economic activity in China, United States and throughout much of the world has undergone a sudden, sharp economic downturn following the recent housing downturn and subprime lending collapse in both the United States and Europe. Since then the global credit and liquidity have tightened in much of the world. Some of our customers in Southeast Asia and Malaysia may face business downturn and credit issues, and could experience cash flow problems and other financial hardships, which could affect timeliness of doing business with us.

Changes in governmental banking, monetary and fiscal policies to restore liquidity and increase credit availability may not be effective in alleviating the global economic declines. It is difficult to determine the breadth and duration of the economic and financial market problems and the many ways in which they may affect our customers and our business in general. Nonetheless, continuation or further worsening of these difficult financial and macroeconomic conditions could have a significant effect on our business and results of operations.

Our future success depends heavily upon the continuing services of the members of our senior management. If one or more of our senior executives or other key personnel are unable or unwilling to continue in their present positions, we may not be able to replace them easily or at all, and our business may be disrupted and our financial condition and results of operations may be materially and adversely affected. Competition for senior management and key personnel is intense, the pool of qualified candidates is very limited, and we may not be able to retain the services of our senior executives or key personnel, or attract and retain high-quality senior executives or key personnel in the future.

In addition, if any member of our senior management team or any of our other key personnel joins a competitor or forms a competing company, we may lose customers, distributors, know-how and key professionals and staff members. Each of our executive officers and key employees has entered into an employment agreement with us which contains confidentiality and non-competition provisions. Legal proceedings to enforce such provisions would be costly in both money and management time and such provisions may not be enforced or enforceable.

Our performance and future success depends on the talents and efforts of highly skilled individuals. We will need to continue to identify, hire, develop, motivate and retain highly skilled personnel for all areas of our organization. Competition in our industry for qualified employees is intense. Our continued ability to compete effectively depends on our ability to attract new employees and to retain and motivate our existing employees.

As competition in our industry intensifies, it may be more difficult for us to hire, motivate and retain highly skilled personnel. If we do not succeed in doing so, we may be unable to grow effectively.

Our Group faces competition from both local and foreign competitors which offer similar products that of our Group offerings. Increased competition could result in competitive pricing resulting in lower profit margins. However, our Group believes that we have competitive edge over our competitors; including amongst others, quality products from our suppliers, access to R&D capabilities and technological expertise acquired over the years.

Our Group seeks to limit the competitive risks through, inter-alia constant review of our development and marketing strategies to adapt to changes in economic conditions and market demands as well as focusing on certain markets and industries. However, there can be no assurance that our Group will be able to compete effectively against our competitors and that competitive pressure will not materially and adversely affect our Group’s business, operations and results and or financial condition.

(i)     Damage or interruptions to Telecom Operator’s Digital Network;

(ii)    System and network management, modification or maintenance, by Telecom Operator; or

(iii)   Failure or obsolescence of Telecom Operator’s network infrastructure and/or related systems.

Common

Stock

Common Stock

Options

Exercisable

Within

60 Days

Common Stock

Purchase

Warrants/

Convertible Note

Exercisable

Within 60 Days

Total Stock

and Stock

Based

Holdings⁽¹⁾

%

Ownership⁽²⁾

Khamis, Noor Azlan ^{(3) (5) (9) (10)}

No. 30, Jalan Damai Perdana 9/2H, Bandar Damai Perdana, Cheras, Kuala Lumpur, Malaysia

Hakim Mazhar, Azrinaz Mazhar ^(3)(9)(10)

No.30 Jalan Damai Perdana 9/2H,

Bandar Damai,

Perdana, Kuala Lumpur, 56000, Malaysia

Chiat Kwong Ching ^{(3)(10) (11)}

103, Sophia Road, Suites@Sophia, Singapore

Rozali, Mohd Suhaimi ⁽⁴⁾

Lot 2158, Jalan Hassan, Kg Sungai Udang, 41250 Klang, Selangor, Malaysia

All officers and directors as a group

(6 persons)

Nik Nurwanis Nik Ahmad Azman ^(7)(10)

No. 30, Jalan Damai Perdana 9/2H, Bandar Damai Perdana, Cheras, Kuala Lumpur, Malaysia

Chief Executive Officer, President

and Executive Director

Azrinaz Mazhar HAKIM

MAZHAR

Andrew Hwan Lee. Andrew Lee, aged 53, was appointed to be the Non-Executive Director on January 31, 2014 and the President and Chief Executive Officer on October 21, 2015. He is a Korean American with an extensive international work experience. His first job stint started in 1987 at Trustbank Savings in Virginia, USA where he was the Assistant Manager of its Computer Department. Later in 1990, he joined International Computer Consulting (ICC) Corp., also in Virginia as the IS Manager before joining the Clinton-Gore Presidential Campaign team in Washington DC in October 1991 for 13 months as the System Manager, responsible for data communications and was tasked with designing the LAN and WAN infrastructure to support the presidential campaign and its subsequent testing and implementation.

He later joined Hughes Communication in December 1992, under the National Rural Telecommunication Cooperative as the Head of DBS Billing Applications where he was responsible for the selection, specification, development, implementation and operations of the billing system.

In early 1995, he was appointed as the Chief Information Officer of MEASAT Broadcast Network Systems in Malaysia (“MBNS”). Operating under the brand ASTRO, MBNS is an integrated electronic media enterprise offering a wide-range of multimedia broadcasting services and one of the largest broadcasting companies in Asia, offering 100 television and 8 radio channels in digital format. During his 5 years tenure, Andrew played a pivotal role to develop and maintain an efficient telecommunication infrastructure and to design and establish a scalable and robust networking infrastructure, which would transparently integrate various critical broadcasting-related sub-systems and administrative system using leading edge technology with a centralised data centre for the operations and management of these systems. His expertise and knowledge were not confined to the Company alone as he was also involved in the Group’s activities as Chairman of the Group’s IT Committee, Technical Advisor for the Binariang’s (a sister company of MBNS) satellite systems and Advisor/Consultant/Project Manager for the Group’s regional call centre in Philippines.

Subsequently in 2000, Mr. Lee was appointed as the Group CEO of DataOne Group Ltd, a wholly owned subsidiary of KEPPEL T&T, which is in the business of building and operating world class Internet Data Center in Singapore, Malaysia, Philippines and Thailand, managing an operating budget of over S$500 million.

In July 2007 till now, he is the Chief Strategy Officer of HUB Technologies Sdn Bhd, an aerosol fire suppression systems provider serving both the domestic and international scenes. Its product under the brand name of Aerohub is known as the only organic aerosol fire suppression solution in the world and recognized by the Government of Malaysia as a National Product. HUB Technologies was awarded a Central Contract from the Ministry of Finance of Malaysia worth RM2 billion.

Abdul Fattah Abdullah. Mr. Abdul Fattah Abdullah, aged 56, was appointed as non-executive director on October 21, 2015. He is currently the President of the National Cooperative Movement of Malaysia or Angkasa, which is the defacto body of the cooperatives’ movement in Malaysia. Appointed since June 2013, he plays an important role in driving Angkasa in providing high quality products and services as well as protecting the interests and championing the rights of the cooperative movement through professional management.

He is also the President of ASEAN Cooperative Organisation (ACO) until his term expires in 2018. He also sits as Board member in Cooperative College of Malaysia and the Federal Land Consolidation and Rehabilitation Committee (“FELRA”), a Government-linked company involved in rehabilitation and consolidation of rural lands through re-planting and helping its community participate in national economy activities. In addition, he is chairman of 2 subsidiaries under FELCRA namely Felcraniaga Pte Ltd and Felcra Training and Consultancy Pte Ltd.

He graduated from Universiti Putra Malaysia with a Bachelor in Communication in 2004 and a Professional Diploma in Entrepreneurship and Business Management from Universiti Malaya in 2003. He is not a director or officer of any other reporting company.

Ahmad Shukri Abdul Ghani. Mr. Ahmad Shukri Abdul Ghani, aged44, was appointed as non-executive director on October 21, 2015. He graduated with his law degree from University of Wales, Cardiff, Wales in 1996 and then in 1997, obtained his Barrister at Law from the Honourable Society of Gray’s Inn. In 2011, he pursued and obtained his Certificate of Usuluddin from Universiti Malaya.

Mr. Ahmad Shukri currently is a partner of Messrs. Aziz Hon Annuar. For the past 10 years he has been with PGN Link Sdn Bhd. He worked in various industries including being the General Manager for EH Auto Link (Asia) Sdn Bhd, a company in the business of importing and producing automotive parts and Managing Director of PGN Link Sdn Bhd, which deals in the trading of used automotive parts. As a result of his many years in automotive sector, he was involved in the negotiation with the Malaysia Automotive Institute in drawing up the National Automotive Policy. He was also invited to the British Standard Office in London for a discussion in the formation of a new standard for used automotive parts.

Besides being a member of the Malaysian Bar Council, England and Wales Bar Council and The Honourable Society of Gray’s Inn, Mr. Ahmad Shukri is the secretary of the Parent-Teachers Association of Hira’ Educational Institution and the Seri Banang, Taman Seri Andalas Residents’ Association and a working committee for End of Life of Vehicles at Standards and Industrial Research Institute of Malaysia (“SIRIM”). He is not a director or officer of any other reporting company.

Stock Awards

($)

Option Awards

($)

Non-Equity Incentive Plan Compensation

($)

Nonqualified Deferred Compensation Earnings

($)

Megat Radzman

Megat Khairuddin ⁽²⁾

Azrinaz Mazhar

Hakim Mazhar ⁽⁵⁾

Number of securities underlying unexercised options (#)

Unexercisable

Employment Agreements

In 2014 and 2013, all the directors did not receive any salaries and did not have any employment contracts with the Group other than the directors indicated below.

Megat Radzman Megat Khairuddin, Noor Azlan Khamis and Azrinaz Mazhar Hakim Mazhar received monthly pay per their employment.

2007 Stock Incentive Plan

On February 19, 2007, our Board of Directors authorized and approved the adoption of the 2007 Stock Incentive Plan effective the same date (the "2007 Stock Incentive Plan").

The Registrant is not aware of any family relationships between and amongst any of the Directors.

Chief Executive Officer

Chief Financial Officer