24/01/2020 14:19

7Road (00797) unit to invest in IT company

[ET Net News Agency, 24 January 2020] 7Road Holdings Limited (00797) said its
subsidiary Wuxi 7Road has entered into a framework agreement in relation to an investment
in an information technology company.
Pursuant to the agreement, Wuxi 7Road, as the potential investor, shall invest in the
target company and, meanwhile exerting its own advantage in the industry, perform
businesses coordination and integrate industry resources, by further facilitating the game
business development of the company through the construction and operation of game cloud,
clouding storage, big data and etc. of the target company, in order to be well-arranged in
the cloud gaming business and game cloud business.
The potential cooperative parties are willing to, according to respective industry
policies and schemes, promote the clustering of relevant industries in the area where the
project undergo and support the development of the project. Currently, the target company
is planning to establish and operate research and development facilities and businesses
for game cloud, big data, artificial intelligence, cloud computing and storage services in
the Yangtze River Delta regions. (RC)

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