Item 8.01 Other Events.

On June 25, 2009, the Company received approval from Haikou Intermediate People's Court of the People's Republic of China thereby allowing Intermost Corporation and IMOT Information Technology (Shenzhen) Co., Ltd. (together "Party A"), and Guangzhou Ditai Communication Co., Ltd., Hainan Special Economic Zone Property Rights Exchange Centre, Hainan Exchange Center Non-Public Company Equity Registration Co., Ltd. and Zhai, Xiya (together "Party B") to settle their dispute over a stock exchange agreement entered into on December 11, 2004, by canceling the agreement with the following considerations:

1. Party A agrees to return to Party B their 80% equity stakeholding in Hainan Concord Financial Products Development Co., Ltd. ("Hainan Concord") and all related data and documents.

2. Party B agrees to return to Party A a total of 1,750,000 shares of Intermost Corporation ("IMOT") stock to reimburse Party A's legal and auditing fees.

3. Party B agrees to assist Party A in transferring their 21% equity stakehold of Hainan Special Economic Zone Property Rights Exchange Center ("Hainan Exchange") to ChinaE.com Technology (Shenzhen) Co., Ltd.

4. Party A agrees to release the temporary selling restriction on 8 million IMOT shares previously held in the name of Party B, or their nominees, within one month of the settlement date.