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17 Jan 2020

Wonderful Sky Financial Group Assists Lvji Technology Holdings Inc. (Stock Code: 1745.HK) with the Successful Listing on HKEx

Lvji Technology Holdings Inc. (Stock Code:1745) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

 

Lvji Technology Holdings Inc. is China’s largest online tour guide provider with an 86.2% market share in the online tour guide service market, a 0.4% market share of the overall tour guide service market and a 0.02% market share of the online tourism market in terms of GMV in 2018, according to the Frost & Sullivan Report. As of June 30, 2019, they developed a total of 12,913 online tour guides, including 2,086 online tour guides covering overseas tourist attractions in Japan, South Korea, Australia, Italy, among others. As of the same date, the online tour guides covered 8,304 tourist attractions in the PRC, including Hong Kong, Macau and Taiwan, among which 259 were category AAAAA tourist attractions and 2,021 were category AAAA tourist attractions in the PRC. Also, they deploy software on the cloud system to provide online tour guides with proprietary contents, which include illustrated maps of tourist attractions, editorial contents and voice-over commentaries of points of interest in the tourist attractions, and are implemented to include functions such as real-time navigation.

 

Since the establishment in 2013, Lvji Technology invested in the establishment of the technology infrastructure and the improvement of product functions, system stability and marketing efforts. They secured the first engagement under the sale of online tour guide to travel agencies business for a category AAAAA tourist attraction in China in 2015. As their products become more mature and stable, the online tour guides market and OTAs in China continued to grow. Lvji Technology secured their first engagement under the content customization business with a tourist attraction administrator for a category AAAAA tourist attraction in China in 2016. Capitalizing on the existing tourist attractions resources and the industry growth, Lvji Technology expanded their business to cooperation with OTAs through sales and marketing activities, including industry conferences. They successfully established cooperation with three of the top five OTAs in China according to the Frost & Sullivan Report in 2016. As a result, Lvji Technology achieved profitability in the year ended December 31, 2016. In 2017, they covered at least 1,000 tourist attractions in China and developed online tour guides covering the first overseas tourist attractions in Japan, South Korea, Italy and Australia, among others. The number of their online tour guides purchased by the end users through OTAs grew significantly from approximately 2.0 million for the year ended December 31, 2016 to approximately 74.1 million for the year ended December 31, 2018. As of June 30, 2019, Lvji Technology covered 100% of all category AAAAA tourist attractions in China and secured an engagement under their content customization business for five tourist attractions for the development of a big data smart tourism system including AI voice interaction features.

 

As the only major integrated financial communications company in the world that is listed on the HKEx, Wonderful Sky will continue to provide a "one-stop” and ten-in-one prime financial public relations services, including financial public relations, investor relations, international roadshows, financial printing , corporate branding, ESG report, asset management, corporate doctor, Compulsory and Commercial Insurance and headhunting program. “Your Success is Our Inspiration” is the motto of Company's Group, by which we strive to become the select partner of listed companies for the long term by offering customized and professional services to Company's clients.