M17 Entertainment Limited Withdraws Initial Public Offering

TAIPEI, Taiwan–()–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/.