Agora Holdings Inc. Subsidiary, eSilkroad Network Limited, Enters Into Project Participation Negotiations Following Silk Road Business Leaders' Summit in Zhangjiajie, Hunan Province, China

TORONTO, ON, Oct. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agora Holdings Inc. AGHI (the "Company") today announced that its 51% owned subsidiary, eSilkroad Network Limited, has entered into project negotiations with State Grid Corporation of China ("SGCC")( http://www.sgcc.com.cn), the state-owned electric utility monopoly and largest utility company in the world^[1], following presentations of our B2B social networking site, "eSilknet" at the Silk Road business summit held October 16-17, 2018 in the city of Zhangjiajie, Hunan Province.

The theme of the summit was "A new era of openness. New development platform. New beautiful Hunan", and the event was attended by over 500 representatives from different countries related to "One Belt, One Path" including state political leaders, diplomatic envoys from across China, leaders of the United Nations, chairmen of the International Chambers of Commerce of Silk Road countries, leaders of transnational corporations, and Silk Road business opportunity "think tanks" and other guests.

Topics at the summit included:

1) Construction of a new platform for international co-operation "One belt, one path";

2) Maintaining the multilateral trading system and creating an open world economy through the development of international standards and regulations;

3) Promoting humanitarian and cultural exchanges, developing international tourism and building a beautiful new world.

At the summit, eSilkroad Network's project manager, Mr. Alexander Efremov, presented the Company's developing concept for our International B2B Platform "eSilknet", as well as our first prototypes for the networking site.  

eSilkroad Network President, Mr. Oleg Sytnyk commented, "Attendee feedback on the project was positive, resulting in direct discussions for participation in our developing B2B social media platform with PRC companies and the Chambers of Commerce and Industry of a number of attending countries. Further, we attended several meetings to discuss direct project co-operation with representatives from the State Grid Corporation of China, which shall be pursued immediately by our management team. Through cooperative agreements between eSilkroad Network and a number of countries and companies linked to the "silk road" the initial deployment of our B2B platform may occur as early as late 2019."

[1] https://en.wikipedia.org/wiki/State_Grid_Corporation_of_China

About Agora Holdings Inc.
Agora Holdings Inc., together with its subsidiary Geegle Media and affiliates, is presently an entertainment and media enterprise. Agora Holdings Inc. brings together media and technology, driving innovation to enhance online entertainment in five business segments: media networks, TV, studio entertainment, consumer products and interactive media. Agora is seeking to expand its portfolio to include dynamic and interactive web-based networking platforms for global implementation.

About Esilkroad Network Limited and subsidiaries
Esilkroad Network Limited and its subsidiary, eSilkroad of Ukraine, is a conceptual B2B platform that intends to make the interaction between businesses and non-profit organizations throughout the world faster, more effective, and less costly. eSilknet, the web-based platform under development by eSilkroad Network Limited will allow users to search for and communicate with business partners, search for and post proposals for investment and opportunity in developing projects globally, place advertisements for products and services, communicate securely on trade and project development and attract professional services for specific project-based needs. The concept of eSilknet is in line with the original concept of the "silkroad", facilitating trade and commerce between countries, only a global scale. eSilkroad Network is currently negotiating the acquisition of complementary platform, "eSilktrade" which has been under development privately in Shanghai for several years. eSilkroad Network believes the combined expertise of its Ukraine based eSilkroad development team and the existing team at eSilktrade can integrate the live trade platform into its B2B site further enhancing value for its users. http://www.esilknet.com  

Disclaimer -- Forward-Looking Statements
This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. Forward-looking statements in this release are made as of the date hereof and Agora Holdings Inc. undertakes no obligation to update such statements.

Agora Holdings Inc.
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