Asiaray Granted Exclusive Concession Rights to Operate Media Resources of the Hangzhou Metro Line 5

(Hong Kong, 4 December 2018) – Asiaray Media Group Limited is pleased to announce that Shanghai Asiaray Advertising Company Limited (“Shanghai Asiaray”), its indirect wholly-owned subsidiary, has entered into an advertising resources operation contract (the “Contract”) with Hangzhou MTR Corporation Line 5 Limited (“Hangzhou Metro Line 5”). Pursuant to the Contract, Shanghai Asiaray has been granted the exclusive concession rights for selling, operating and maintaining the advertising resources located at the Hangzhou Metro Line 5.

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