Dear investors and community members!

Please be informed that I have already given instruction to my team to close refund channel from 9:00 am Feb 1st, 2018 Beijing Time (1:00 am Feb 1st, 2018 GMT) as previously announced on Jan 29th, 2018.

In the past 33 hours since Jan 31st 0:00 am, 2018 Beijing Time (16:00 Jan 30th GMT), we have received 64 applications and the total amount of 19.9m TKYs (merely 10% of 200m TKY available for refund) are refunded. The above figure clearly proves that only very few people actually took refund option offered and the entire community still strongly believes in the Project as well as the Team. Through our last AMA, however, I have also noted there are a lot of different opinions and observations in our community concerning my management. I assure you that your voice has been heard loudly and clearly and I will take all possible actions to iron out the differences and make the community working together again for our common success. To those who choose to leave I will say we will work harder to earn your trust back and I thank you the same!

In my opinion, the year of 2018 is not a good year for ICO projects due to the following 2 reasons,

1. Digital currency is going to drop due to more and more strict regulations promulgated by all major countries of the world. (as matter of fact BTC dropped 10% overnight right after the AMA held the day before yesterday) and

2. The blockchain technology is still in its early stage, it will have unknown period of time for most of ICO projects to get their business model proven.

I will not be surprised that many projects will be gone before they can change the world as they claimed. This however provides a good opportunity for THEKEY to become the world leading blockchain technology project on the condition that the team,

1. Strictly follows all the applicable laws and regulations of the governments in each and every country.

2. Generates large amount of revenue, instead of endless MVPs, to get our business model proven. After all the business is about to make profit.

3. Has sufficient funding support. In this connection, oversubscribing is not a bad thing but a good thing. It gives the team more opportunity to achieve the success, which is in investor’s interest.

With your continuous trust and support I am confident to lead the Project to a great success. We will never let you down!

Catherine Li, CEO of THEKEY

Feb 1st, 2018