10.Airlines Investments

27 Feb. 1996 :
FLYSKY Purchase 75% of Air Palau shares
to become the major stockholder.

02 Feb. 1997 :
FLYSKY Invested 28% of Arriva air USA equity.

11.Application of Airlines

In Apr. 1998 :
FLYSKY has been Appointed of designator
representative by Taiwan AIDC
to apply for airline license.