Market Overview

LiNiu Technology Group Announces Strategic Cooperation Agreement with Shou Guang Agriculture Logistic Park


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 it has signed a strategic cooperation
agreement with Shou Guang Agriculture Logistic Park ("SGALP"), one of
the largest vegetable distribution, pricing, information exchanges and
logistic centers in China and throughout Asia.

SGALP is a company approved by the China National Development and Reform
Commission. The park has a total area of 3,000 acres with vegetable,
fruit and agriculture material trading areas, as well as agriculture
products processing, storage, logistic and services areas. SGALP had
annual trading volume of vegetables, fruits and agricultural and
sideline products of approximately 10 billion kg and valued at
approximately RMB80 billion in 2016, and projects trading volume in
excess of 10 billion kg and valued at over RMB80 billion in 2017.

Through the agreement, the companies will cooperate in connection with,
among other things, product offerings, information resources, consumers
and management of the logistic park. Guangzhou LiNiu will provide
advanced technology to consolidate the Electronic Data Interchange
("EDI"), Radio Frequency ("RF"), Geographic Information System ("GIS"),
Global Positioning System ("GPS"), and Intelligent Transportation
Systems ("ITS") in order to grow the information management center of
the logistic park. Both parties intend to create an integrated
production, transportation, warehousing, deployment, sales and marketing
ecosystem for vegetables. In addition, Guangzhou LiNiu will provide
SGALP with access to Internet sales channels through its LiNiuYang
trading platform, while SGALP allows Guangzhou LiNiu to access its
production, sales, distribution and logistics big data.

Overall, LINU expects, through the cooperative agreement, that SGALP
will increase its annual trading amount, while Guangzhou LiNiu will earn
additional commission income though the increase in daily traffic on its

"We are pleased to embark on our new relationship with SGALP, which we
believe will be a key strategic alliance that should provide a
significant boost to our LiNiuYang platform, while allowing us to
further utilize our technological capabilities to the benefit of SGALP,"
said Mr. Wang Shun Yang, co-Chief Executive Officer of LiNiu Technology

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.

View Comments and Join the Discussion!