Asiaray Secures Exclusive Concession Rights to Operate Advertising and Media Resources of Wenzhou Metro Line

(Hong Kong, 25 March 2019) – 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 secured the exclusive concession rights to the advertising and media resources in Wenzhou Metro Line S1 (“Line S1”) for 20 years.

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