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VOLUNTARY ANNOUNCEMENT

RENEWAL OF MTR ADVERTISING SALES AGENCY SERVICE CONTRACT FOR MTR MALLS AND COMMERCIAL PREMISES

This announcement is made by Asiaray Media Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis to inform the shareholders of the Company and potential investors of the latest business development of the Group.

The board of directors (the “ Directors”) of the Company is pleased to announce that Asiaray Outdoor Media Limited, a wholly-owned subsidiary of the Company, has renewed the advertising sales agency service contract (the “ Contract ”) with MTR Corporation Limited (the “MTR or MTR Corporation ”), in relation to the grant of exclusive rights to provide advertising sales agency service for the MTR malls and commercial premises for a period of 5 years commencing from 1 January 2017 and ending on 31 December 2021.

The Group has been awarded the Contract for the MTR malls and commercial premises since 2008. The Contract covers MTR malls and outdoor billboards of its commercial premises situated at central business districts and some high-traffic areas along the MTR metro lines. These include the outdoor billboards at Admiralty Centre, the LED wall at Worldwide House, the outdoor billboards at Hung Hom Station Car Park, and the shopping malls which consist of Citylink at Shatin, Luk Yeung Galleria at , at Tsing Yi, Ocean Walk at Tuen Mun, Paradise Mall at , PopCorn at Tseung Kwan O, Telford Plaza at Bay and The Lane at Hang Hau. In addition to this, the Group also provides

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Leveraging its “Space Management” model, the Group aims to enrich the passengers’ experience and the ambience of the shopping malls through the creative use of space, five- senses experience and integration of advanced technologies which cater to the needs of the advertisers. With our professional knowhow and experience in the out-of-home advertising industry, we are confident in delivering value-added advertising solutions for our advertisers and are well-positioned in capturing the opportunities arising from the out-of-home advertising industry in Greater China.

By Order of the Board Asiaray Media Group Limited Lam Tak Hing, Vincent Chairman

Hong Kong, 30 November 2016

As at the date of this announcement, the executive Directors are Mr. Lam Tak Hing, Vincent, Mr. So Chi Man and Mr. Lam Ka Po; the non-executive Director is Mr. Yung Chung Man; and the independent non-executive Directors are Mr. Ma Andrew Chiu Cheung, Mr. Ma Ho Fai SBS JP and Dr. Chan Chi Fai Andrew SBS JP .

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