M17 Entertainment Limited Withdraws Initial Public Offering

TAIPEI, Taiwan–(BUSINESS WIRE)– M17 Entertainment Limited (“M17 Entertainment” or the “Company”), operator of the largest live streaming platform for Developed Asia, which includes the markets of Taiwan, Japan, South Korea, Singapore and Hong Kong, today announced that, in line with previous announcements relating to the postponement of its planned initial public offering, it has notified the New York Stock Exchange of its determination to withdraw the American depositary shares representing its ordinary shares from listing.

About M17 Entertainment Limited

M17 Entertainment Limited is a data-driven media platform pursuing its mission to empower artists. M17 operates the largest live streaming platform in developed Asia. The platform brings users closer to their favorite artists, enabling them to interact with artists directly from their mobile devices. This allows M17 to disrupt the traditional artist-agency model, creating a robust and systematic process of discovering, training, developing and promoting artists. M17 Entertainment is led by veteran media and entertainment executives with experience managing top artists and producing high quality music and video content in Asia, as well as operating social and interactive entertainment platforms in Asia and globally. The company’s interactive entertainment platform includes 17 Media, the largest live streaming platform by revenue in Developed Asia with a market share of 19.2% in the first quarter of 2018, according to Frost & Sullivan, and 33.3 million registered users. M17 Entertainment also operates dating applications Paktor, which was launched in Singapore in 2013, and Goodnight. For more information regarding M17 Entertainment, please visit http://m17.asia/.

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For media inquiries:
M17 Entertainment Limited
Agatha Su, +886-2-2720-8688 ext. 221
Derek Mitchell, +65-6213-7929

Source: M17 Entertainment Limited