Subaye, Inc. (Subaye) is a provider of online business services in China. Subaye offers its bundled cloud product (BCP) to small-to-medium sized enterprises (SMEs) in the People’s Republic of China. In July 2010, the second generation cloud computing product was completed. On September 1, 2010, the Company focused on the second generation cloud computing product. It offers online video as a core component of its BCP. The Company markets its BCP to its customers in China under the eNabler 2.0 brand name. Its primary Web property is www.subaye.com. During the fiscal year ended September 30, 2010, the Company discontinued its trading services business and entertainment media business. On April 29, 2010, the Company entered into a purchase and sale agreement (the Agreement) with Superb Quality Limited (Superb), pursuant to which the Company sold its 100% ownership interest in Panyu M&M Co. Ltd.