AdTiger Corp (01163): Voluntary Announcement - Business Update

ID: 1566369
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(businesspress24) - This announcement is made by ADTIGER CORPORATIONS LIMITED (the Company, together with its subsidiaries, the Group) on a voluntary basis. This announcement is to inform the shareholders of the Company (the Shareholders) and potential investors of the latest business development of the Group.

Recent Business Development

On 29 March 2021, the Group established a wholly-owned subsidiary Adtiger Technology Company Limited (Adtiger Technology) in China with a registered capital of USD30,000,000. On 3 February 2021, the Company and the Management Committee of the Jimo Economic Development Zone in Shandong Province (the Development Zone) entered into a cooperation agreement to establish the headquarter of the Company in China in the Development Zone. Adtiger Technology, as the Chinese headquarter of the Company, will be in charge of the business development of digital marketing, industrial investment and new business distribution in Mainland China.

The Group establishes its headquarter in China for the purpose of further development of the digital marketing market in China. Since the fourth quarter of 2020, the Company has gradually developed cooperative relationships with top-tier Chinese media platforms such as ByteDance, Kuaishou and and covered the Chinese customers from a wide variety of sectors such as internet service providers, education, social networking, gaming and e-commerce.

As a global online advertising service provider, the Company adopts the development strategy of Overseas + Domestic + Software as a service (SaaS) and establishes its headquarter in China in addition to the further development of the cooperative relationship with overseas media publishers, with an aim to continuously expand its coverage of the Chinese media publishers, strengthen its digital marketing competitiveness in China, achieve the duel growth points in both China and overseas and provide more comprehensive digital marketing solutions to the customers of the Company. The in-depth business distribution in the Chinese market is expected to stimulate long-term performance and revenue growth of the Company.

This announcement is made by the Company on a voluntary basis and does not constitute a transaction discloseable under Chapter 14 or Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the Company.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

Chang Sufang
Chairman, Chief Executive Officer and
Executive Director

Hong Kong, 7 April 2021

As at the date of this announcement, the executive Directors are Ms. Chang Sufang, Ms. Li Hui, the non-executive Director is Mr. Hsia Timothy Chunhon, and the independent non-executive Directors are Mr. Yao Yaping, Mr. Chan Foon and Mr. Zhang Yaoliang.

(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1163)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Date: 04/07/2021 - 16:05
Language: English
News-ID 1566369
Character count: 3619
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Stadt: Wien


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