REG-Grand Vision Media: Statement re Strategic Partner in Japan

Grand Vision Media HoldingsAnnouncement

11/02/2019 16:20

London 11(th) February 2019

Grand Vision Media Holdings Plc

(“GVMH” or the Company”)

Announces New Strategic Partner in Japan

Grand Vision Media Holdings Plc (GVMH) is pleased to announce that it has
signed a partnership agreement with Rakuten Bank KK (Rakuten) in Japan.
 Rakuten is one of the leading internet banking products and service provider
in Japan.  Through this agreement, Rakuten will actively promote GVMH’s
marketing services to its retail and hospitality customers seeking to capture
a bigger share of the Chinese tourist spending.  Together with the WechatPay
services offered by Rakuten, GVMH can offer an integrated marketing and
payment solution to Japanese clients. 

The services will initially cover the following:
1.
Assisting overseas brands establish or enhance their Social Media presence in
China
2.
Using GVMH’s OOH capabilities to broadcast 3D videos of travel destinations
and organize off-line marketing events in cinemas in China to promote Japanese
products and services.

According to the Japan National Tourism Organisation, Chinese visitors were
the largest visitor group in 2018, with 8.4 million visitors, an increase of
13.9% over 2017(1, 2). 

Jonathan Lo, CEO, said “Tourism marketing will be one of our key revenue
drivers and core competencies as Chinese tourists now make up 21% of the total
tourism spending worldwide(3).  With Rakuten Bank as our partner, we are well
placed to increase our reach to potential advertisers in Japan, the top
destination for Chinese tourists.  We have already started providing our
service to our first Japanese client, Narita Airport.

Our agreement with Rakuten Bank follows on from the recent agreement which we
signed with the CY Group in Korea.  We shall continue to develop partnerships
in the other travel destinations frequented by Chinese travellers. ”

(1)              Japan National Tourism Organisation –
Breakdown of Country/Area

               https://statistics.jnto.go.jp/en/graph/#graph--latest--figures

(2)              Nikkei Asian Review, September 29 2018

(h
(https://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-Thailand-and-Korea)ttps://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-T
(ttps://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-T)hailand-and-Korea
(https://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-Thailand-and-Korea))

(3)              Hospitality Net, 16 May 2018

               
(https://www.hospitalitynet.org/performance/4088453.html)

**ENDS**

For further information, photos and enquiries please contact:

 Grand Vision Media Holdings plc     Jonathan Lo / Ajay Rajpal info@gvmh.co.uk                                                   Tel: +44 (0) 20 7866 2145  
 Alfred Henry Corporate Finance Ltd  Nick Michaels / Jon Isaacs enquiries@alfredhenry.com                                        Tel: +44 (0) 20 3772 0021  
 Alexander David Securities Ltd      David Scott david.scott@ad-securities.com  James Dewhurst james.dewhurst@ad-securities.com  Tel: +44 (0) 20 7448 9820  
 PEIR                                Siu Fun Hui ir@peir.info                                                                    Tel: +44 (0) 7730 051867   

Notes to Editors

Grand Vision Media Group is an integrated out-door digital media company
deploying innovative display and marketing technologies at strategic,
high-traffic locations.  Its glasses-free 3D technology in digital
out-of-home (OOH) media is enabling advertisers to engage with affluent
consumers in important and growing markets such as China and elsewhere around
the world. 

The company deploys glasses-free 3D technology in cinemas to take advantage of
the growth in audiences in China in terms of box office, number of cinemas and
number of viewers.  In addition to traditional advertising revenue, we set
out to monetise the benefits generated by user interaction with 3D panels by
targeted social media advertising and, also by profit sharing from
transactions.

In June 2018 the Company listed on The London Stock Exchange helping it to
attract further investment to build out our business within China itself; the
company's current footprint in China represents less than 5% of the market
there.

The digital signage market globally is expected to reach almost $30bn by 2024,
compared to approximately $15bn in 2015.  We believe that this growth will be
driven not only by new, higher resolution displays and new types of
technology, but also by integrating digital displays with customers' smart
phones.

Company web site: www.gvmh.co.uk

Rakuten Bank, Ltd. provides Internet banking products and services in Japan.
 It offers electronic financial settlement services.  

Rakuten Bank, Ltd. was formerly known as eBANK Corporation and changed its
name to Rakuten Bank, Ltd. in May 2010.  The company was founded in 2000 and
is based in Tokyo, Japan.  It has operations in Grand Cayman, the British
West Indies. As of February, 2009 Rakuten Bank, Ltd. operates as a subsidiary
of Rakuten, Inc.

Company web site: https://global.rakuten.com/corp/about/



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