Funds will be used to strengthen talent developmentpipeline, and invested into tech infrastructure development

HONG KONG, CHINA - Media OutReach - 6 December2018 - M17 Entertainment,Asia's leading social entertainment company, announced today that it has successfully raised USD 25 million in a funding round ledby Terry Tsang, CEO of Hong Kong's leadingmobile game developer - Madhead. Mr. Tsang is joined in the round by Pavilion Capital,Stonebridge Ventures, alongside existing investors. M17 Entertainment isexpected to achieve USD 180 million in annual revenues this year, upsignificantly from previously announced revenue figures, demonstrating stronggrowth trajectory.

Coupled with robust,sustained performance in the highly promising Japanese live entertainmentmarket, the round witnessed burgeoning interest and M17 Entertainment expectsadditional funding in the upcoming two months, which would further bolster itsposition to take additional market share in the live entertainment industry ofDeveloped Asia.

With new funding from itscurrent round, M17 Entertainment is set to invest in research and developmentto boost its technical capabilities, firmly establish a well-rounded system todevelop talent and actively diversify content and services to elevate userexperience.

Propelling quality content and diverse talent to a globalstage

Joseph Phua, co-founder andCEO of M17 Entertainment, said: "Since M17 Entertainment's establishment,we have been committed in our missionto enable connections through a widely accessible live entertainment stage,made possible by our various platforms. We hope to empower individuals torealise their dreams of stardom; to award them with a stage to showcase theirtalents to a global audience. We aim to perfect the art of live entertainment,by developing and seamlessly integrating engaging content. Built on astrong foundation of resources and talents, we can drive deeper interactionbetween content creators and users."

As this round of fundraisingconcludes, M17 Entertainment continues to diversify its content and operationsin multiple markets to benefit its streamers and users in the long run.

The funding will be used todrive the following key areas:

• Upgrade technicalinfrastructure and introduce innovative features to create a truly intuitive product with a higherlevel of interactivity between streamers and users
• Break the mould of traditional live streaming companies byequipping streamers with relevant resources, including expert advisors,training curriculum and valuable opportunities for exposure in different areasof showbiz
• Implement and sustain a well-rounded and systematicprocess to discover, train and promote streamers
• Lead the social entertainment space with continuousadvancements, heralding a new era of premium live content and interactivity

Investing in talent to maximise growth potential

Terry Tsang, CEO of Madhead,said, "I am optimistic about the growth potential of M17 Entertainment,and have great faith in Joseph's passion and vision. I am confident that Josephwill lead the highly capable M17 team in its quest to transform the future ofsocial entertainment.".

Established in May 2017 with avision to usher in a new age of live streaming, M17 Entertainment first kickedoff by integrating innovative elements and generating new content. The newfunds will accelerate its plans to improve their live streaming capabilities.M17 Entertainment currently has offices in Taiwan, Singapore, Hong Kong, Japan,South Korea, the U.S., and Malaysia, and employs close to 600 people worldwide.With plans to deepen its roots in Asia and having recently entered the U.S.market, M17 Entertainment seeks to pave the way for the next generation ofsocial entertainment globally.

【About M17 EntertainmentLimited】

M17 Entertainment Limited,operator of the largest live streaming platform in Developed Asia, has amission to empower artists by disrupting the traditional artist-agency modelthrough its systematic process to discover, train and promote artists. M17 Entertainmentis a tech-enabled and data-driven entertainment company led by veteran mediaand entertainment executives with experience managing top artists and producinghigh quality music and video content in Asia, as well as operating social andinteractive entertainment platforms globally. The company's interactiveentertainment platform includes 17 Media, the largest live streaming platformby revenue in Developed Asia. M17 Entertainment also operates datingapplications Paktor, which was launched in Singapore in 2013, and Goodnight.For more information regarding M17 Entertainment, pleasevisit https://m17.asia/.