HANGZHOU, China, Oct. 22, 2018 /PRNewswire/ -- Dragon Victory
International Limited (Nasdaq: LYL) ("LYL" or the "Company"), a
company offering reward-based crowdfunding opportunities and
quality incubation services to entrepreneurs in China, announced today that October 19, 2018 marks the Company's first
listing anniversary since the Company listed on the Nasdaq Capital
Market, and the Company has held ananniversary celebration event on
Hangzhou, China.
The Company continues to be an industry leader in the
crowdfunding and incubation industry in China. Since its formation in 2014, the
Company has achieved many accomplishments, including but not
limited to the following:
- Engaged by Zhejiang Zhanlue Network Technology Co., Ltd.
("Zhanlue") to act as the U.S. IPO financial advisor of
Zhanlue
- Established a joint venture in the PRC to explore business
opportunities in the tourism industry in October 2018
- Rang the Opening Bell at the Nasdaq MarketSite in March 2018
- Upgraded its crowdfunding platform to explore business
opportunities in the auto parts industry in November 2017
- Successfully listed on Nasdaq in October
2017 following 2 years and 4 months' of self incubation
On the anniversary date, the Company signed engagement
agreements with three (3) private companies to act as their U.S.
IPO financial advisor and entered into five (5) strategic
cooperation agreements with prestigious institutions include
Guoyuan Securities Co., Ltd., Beijing Xinban Capital Investment
Holdings Co., Ltd., Hejun Capital, Shenzhen Leap Finance Holding
Co., Ltd and Hangzhou Weisi Xunlai Equity Investment Fund
Management Co., Ltd.
Mr. Jianjun Sun, Chairman and
Chief Executive Officer of Dragon Victory International Limited,
commented, "As the world's first Nasdaq-listed crowdfunding and
incubation enterprise, Dragon Victory International Limited differs
from other incubation companies because we have high-quality
corporate resources, excellent investment teams, professional
service organizations as business
partners and access to preferential government policies
in the PRC. We have proved through our self-incubation and
Nasdaq-listing that Dragon Victory International Limited is fully
capable of helping outstanding companies to enter the global
capital market. We are in the midst of providing IPO advices and sharing our own listing experiences,
and will also serve our IPO clients and collaborating institutions
from an entrepreneur's perspective."
About Dragon Victory International Limited
Incorporated in 2015 and headquartered in Hangzhou, Dragon Victory International Limited
("LYL" or the "Company") offers reward-based crowdfunding
opportunities in China to
entrepreneurs and funding sources through a fast-growing
reward-based crowdfunding platform at www.5etou.cn. 5etou is
designed to enable small- and medium-sized companies, start-ups and
idea generators to raise funding from participants through the
Internet. The Company also provides quality business incubation
services and financial services to entrepreneurs and business
entities with funding needs who utilize our crowdfunding platform.
More information is available at www.dvintinc.com.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company encourages
you to review other factors that may affect its future results in
the Company's registration statement and in its other filings with
the Securities and Exchange Commission.
For more information, please contact:
In China:
Bo Lyu, the Board Secretary
Dragon Victory International Limited
Email: lb@dvintinc.com
Phone: +86-15157527297
In the United
States:
Tina Xiao, President
Ascent Investor Relations LLC
Email: tina.xiao@ascent-ir.com
Phone: +1-917-609-0333
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SOURCE Dragon Victory International Limited