China Information Technology Development Ltd. has entered into an agreement to sell its entire interest in its wholly-owned subsidiary, Rosy Depot Limited, to Ms. Sin Ka Ka. Rosy Depot Limited, incorporated in the British Virgin Islands, holds 1,600,000 Class A ordinary shares, representing approximately 8.74% shareholding in a company listed on the Nasdaq under the stock code GLE. The transaction also includes the transfer of inter-company loans previously advanced by China Information Technology Development Ltd. to Rosy Depot Limited.

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