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Future Data Group Limited — Regulatory Filings 2018
Nov 19, 2018
51343_rns_2018-11-19_74275476-2bea-462f-a104-265948eef3f3.pdf
Regulatory Filings
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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FUTURE DATA GROUP LIMITED
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8229)
VOLUNTARY ANNOUNCEMENT
BUSINESS UPDATE ON KOREA OPERATION
This announcement is made by Future Data Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis. The purpose of this announcement is to keep the shareholders and potential investors of the Company informed of the latest business development of the Group.
The board of directors (the “ Board ”) of the Company is pleased to announce that our Korea subsidiary, Global Telecom Company Limited (“ Global Telecom ”), has won a contract from the Republic of Korea Navy Headquarters (“ ROKN ”) to design, build and deploy a new Meteorological Information System (the “ MIS ”) at a contract sum of approximately Hong Kong Dollars 19 million.
Global Telecom has experience in building military projects that are relatively demanding compared to those of the private sector and proposed technology solutions which match the directions our customers are pursuing. These conditions provide us an advantage of being selected by ROKN.
MIS project aims to replace its predecessor. The new system shall support the weather information for each naval base’s command centre, improve the software capabilities and features to better analyse and customise weather information visualisation, and strengthen the security of the military internal network against cyber threats, through an indirect interworking network separation system which connects with external organisations such as Korea Meteorological Administration.
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Upon successful deployment of the MIS project, Global Telecom would have a green light to participate in the naval and joint-defense budget of Information System category, which is worth approximately Hong Kong Dollars 700 million per year.
By Order of the Board Future Data Group Limited Suh Seung Hyun Chairman
Hong Kong, 19 November 2018
As at the date of this announcement, the executive directors of the Company are Mr. Suh Seung Hyun, Mr. Phung Nhuong Giang, Mr. Lee Seung Han and Mr. Ryoo Seong Ryul, and the independent nonexecutive directors of the Company are Mr. Wong Sik Kei, Mr. Sum Chun Ho and Mr. Yung Kai Tai.
This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication and on the website of the Company at www.futuredatagroup.com.
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