Directel Holdings Limited (“Directel”) (Stock Code: 8337) was successfully listed on the GEM of The Hong Kong Stock Exchange on 2 June 2010. Directel is a mobile virtual network operator in Hong Kong which is principally engaged in the provision of mobile phone services. Guotai Junan (Hong Kong) acted as the sponsor and bookrunner of the listing. Our firm acted as the legal adviser of Directel on Hong Kong law.