Investor Relations

◆ NDMT Signs Merger Agreement with Mega Power Tech Ltd.

07/20/2018

Taipei City, Taiwan, July 20, 2018 -- NowNews Digital Media Technology Co., Ltd. ("NDMT" or the “Company") (OTCQB: NDMT), a media company that provides news and multimedia platform services, today announced that the Company and Dawnrain Media Co., Ltd. (“Dawnrain”), the Company’s wholly-owned subsidiary, entered into an agreement of merger (the “Merger Agreement”) with Mega Power Tech Ltd. (“Mega Power”) and a shareholder of Mega Power. Mega Power is a Seychelles company engaged in the business of retailing smart TV box and beer vending machine.

Pursuant to the Merger Agreement, the Company shall issue 510,000 shares of its common stock to the shareholder of Mega Power in exchange for fifty-one percent (51%) of Mega Power’s equity interest (the “Merger”), which shall be held by the Company through Dawnrain. The Merger shall be closed within thirty (30) business days after the date of the Merger Agreement.

“NDMT’s majority owned subsidiary NOWnews Network has been a leading content producer and distributor for years, we are always trying to expand our influence in the global Chinese community. By entering this Merger Agreement, we would be able to leverage the distribution channel and retail network of Mega Power and expand our distribution to a broader audience, ” said Ji-Yi Lan, Chief Executive Officer of NDMT, “we look forward to creating enhanced value for our combined employees, customers, shareholders and the communities we serve.”

About NowNews Digital Media Technology Co. Ltd.

NowNews Digital Media Technology Co. Ltd. is a U.S.-listed media holding company focusing on the global Chinese market. The Company’s majority owned subsidiary NOWnews Network (“NOWnews”) engages in creating, collecting and distributing news and information through its website and applications on mobile phones or tablets. NOWnews is the largest online self-produced news content provider of Taiwan and the only Taiwanese online news website fully accessible in Mainland China.

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