Asiaray Media Group Limited (“Asiaray” or the “Group”; stock code: 1993), a leading out-of-home (“OOH”) media company with a strategic focus on airport and metro line advertising, is pleased to announce that its indirect wholly-owned subsidiary Shanghai Asiaray Advertising Company Limited (“Shanghai Asiaray”) has entered into an Exclusive Concession Rights Agreement (“the Agreement”) with Beijing MTR Corporation Limited (“BJMTR”) to exclusively operate, manage, maintain and sell advertising and media resources located at Beijing Metro Line 14.
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