I could be mistaken, but I actually think that this might be a Playstation 1 clone. Topway is one of those Chinese companies that spring up overnight, sell cheaply made electronics, then disappear. Also of course plays VCDs, CDs, MP3 discs, etc. I believe you can download a PS1 rom from the internet, burn it, then play it in this thing. I have no Idea where to get one of these.
There is some debate as to if this is actualy a PS1 clone or just another Famiclone. More info is needed.