~Net Profit Soars by 126% HONG KONG, March 24, 2017 /PRNewswire/ -- Highlights - Net profit soared by 125.7% to US$7.5 million for the year ended 31 December 2016 - Excluding listing expenses, net profit rose by 40.8% year-on-year to US$9.4 million for the year ended 31 December 2016

~HONG KONG, March 31, 2017 -- SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a global leading CAM supplier and a major mPOS supplier in China, has announced that it has signed a memorandum of understanding ("MOU") in round A financing as the lead to invest in Mainsweb Technology (Shenzhen) Company Limited ("Mainsweb"). The deal enables the Group to venture into cross-border e-commerce O2O smart terminal business to capture the development opportunities presented by overseas online shopping, and the unique operation model thus created will provide solutions to retailers to face the challenges posed by the intense competition from online shopping.