China Lotsynergy Wins Bids in two Provinces in China

May 18, 2018 17:12 JST

Source: China LotSynergy

Expands Sales Channels at Full Speed

HONG KONG, May 18, 2018 - (ACN Newswire) - China LotSynergy Holdings Limited ("CLS" or "the Company", together with its subsidiaries "the Group", HKEX stock code: 1371) is pleased to announce that its subsidiary, Guangzhou Lottnal Terminal Company Limited has successfully won bids for the sports lottery computer-generated ticket games ("CTG") terminal procurement programmes of Guangxi and Hunan.

Of these two provinces, Guangxi was a sixth win while Hunan was a second win. Guangxi, a new strategic stronghold for the opening-up and development of the southwest and central-south China, has seen its strong Sports Lottery sales performance in recent years and achieved many outstanding records. Sports Lottery sales in Guangxi ballooned by 88.1% YoY for the first quarter of 2018, claiming second place in terms of growth nationwide. Hunan Sports Lottery sales exceeded RMB 4 billion and RMB 6 billion in 2015 and 2016 respectively, and reached new heights of RMB 8 billion in 2017, representing a big leap in sales performance with its national rankings by sales volumes jumped to ninth from sixteenth over the past three years. Sports Lottery sales in Hunan took the top spot nationwide with over 1-fold YoY increase for the first three months of 2018. CLS is honored to provide superb terminals and services with sense of responsibility, fueling the robust development of Sports Lottery in Hunan and Guangxi. The spectacular results of these two provincial markets that can propel and expedite CLS's Sports Lottery CTG terminal business.

CLS has engaged in the Sports Lottery CTG terminal market since 2013. With five years of rapid development, the Company has become a major participant in the China's Sports Lottery space with rising market share, providing products and services to almost half of the provincial markets across the nation. In March 2018, a new android terminal designed and manufactured by CLS passed the third party test by the China Sports Lottery Administration Centre, gaining a head-start in new approach of new sales channels expansion by new terminal type. CLS will uphold its core values of "focused, practical and innovation", be closer to users and markets, be grounded, and continue to enhance its corporate value and competitiveness to maintain its industry leading position.

Source: China LotSynergy
Sectors: Daily Finance, Daily News