Market Overview

LiNiu Technology Group Announces Effectiveness of Reverse Share Split


LiNiu Technology Group (f/k/a Iao Kun Group Holding Company Limited)
("LINU" or the "Company") (NASDAQ:LINU), which launched its electronic
trading platform focused on the Chinese agricultural industry in April
2017 through Guangzhou LiNiu Network Technology Co., Ltd. ("Guangzhou
LiNiu"), today announced that its shareholders have approved a
one-for-six reverse share split of LINU's issued and outstanding shares,
and the split will become effective at 12:01 am on Tuesday, August 29,
2017. The reverse split is intended to increase the per share trading
price of LINU's common stock to enable the Company to satisfy the
minimum bid price requirement for continued listing on the NASDAQ
Capital Market.

The 1-for-6 reverse share split will automatically convert six current
shares of LINU's common stock into one new share of common stock. No
fractional shares will be issued, and no cash or other consideration
will be paid. Instead, LINU will issue one whole share of the post-split
common stock to any shareholder of record who otherwise would have
received a fractional share as a result of the reverse share split. The
reverse split will reduce the number of shares of outstanding common
stock from approximately 74.9 million to approximately 12.5 million.

Trading in LINU's common stock on a split-adjusted basis is expected to
begin at market open on Tuesday, August 29, 2017. LINU's common stock
will continue to trade on the Nasdaq Capital Market under its existing
symbol LINU with a new CUSIP number of G54971208. Shareholders' ability
to trade in LINU's common stock should be unaffected by the reverse
share split.

About LiNiu Technology Group

LiNiu Technology Group (NASDAQ:LINU) recently launched the LiNiu
Network, a Business to Customer ("B2C"), Customer to Customer ("C2C")
and Online to Offline ("O2O") electronic trading platform focused on the
Chinese agricultural industry. The Company also currently participates
in the promotion of VIP gaming at the Altira Macau. For more information
on the LiNiu Network, please visit

Forward-Looking Statements

This press release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and
expectations of the Company's management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. Factors that could cause actual results to
differ materially from management's current expectations include but not
limited to those risks and uncertainties relating to future business
development; ability to maintain the reputation and brand; privacy and
regulatory concerns; competition; security breaches; the continued
growth of the e-commerce market in China; and fluctuations in general
economic and business conditions in China and assumptions underlying or
related to any of the foregoing. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any change
in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as required
by law. Investors and potential investors should consult all of the
information set forth herein and should also refer to the risk factors
set forth in the Company's Annual Report on Form 20-F filed in April
2017, and other reports filed or to be filed from time-to-time with
the Securities and Exchange Commission.

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