BNN Technology - A Chinese Technology, Content and Services Provider http://www.bnntechnology.com/ BNN is trading currently on FTSE London https://www.investing.com/equities/dji-holdings-plc From the last AGM https://www.investegate.co.uk/bnn-technology-plc--bnn-/rns/agm-statement/201706281430014607J/ "The Board has previously stated that it wished to obtain a secondary listing on the NASDAQ exchange during Q3 2017. Whilst it remains our intention to list in the United States as soon as possible, and the SEC application process is well advanced, advice from leading US banks leads us to believe that the shareholder value created by the initiatives listed above, once executed, will attract significant additional interest on NASDAQ. This will inevitably delay the US listing process, but the universal view of the Company and its advisers is that focusing on new revenue generation is firmly in the best interests of all shareholders."
AGM Statement 28 June 2017 - full text BNN Technology (AIM:BNN), a London-listed Chinese technology, content and services company, today provides the following statement made by Harry Keiley, Chairman, at the Annual General Meeting: "2017 is on track to be a year of significant progress, as the initiatives we have announced over the past year are launched and begin to generate revenues. At this stage in the financial year, I am pleased to report that we are broadly in line with expectations and on track to meet market expectations for the full year. "In the first half, revenues have been generated through mobile top-up sales, which have increased further over the first quarter, legacy lottery sales and initial sales from the test launch of petrol card top-ups on the motorist services platform. Gross revenues for the first half will be of the order of £900 million, although margins are modest and net revenues will be of a similar order to 2016. Accordingly, the half will show an operating loss broadly in line with expectations. "In mobile top-ups our strategy is to grow both the gross revenues and, more importantly, margins. In the past nine months, we have transacted approximately £1.1 billion of mobile top-up sales on our platform. We have more than proved the capability and resilience of our systems and, as a result, are now in a position to agree higher value and higher margin contracts in this market, including both mobile top-ups and data. Specifically, we have signed a significant new contract with one of the largest telcos in China, which is expected to generate material revenues and increased margins from July 2017 onwards, materially exceeding those achieved to date. "With the major launch of petrol card top-ups expected in July, followed by the student platform before the end of Q3, we anticipate material revenues at much higher margins in the second half of the year. Preparations for these launches in terms of access to customers and users are advanced and we look forward to reporting on these revenue streams in the coming months. Our competitive advantage in the marketplace has improved considerably and we expect to sign a number of key B2B partnerships in the coming weeks. "The very successful launch of our soccer microsites in May has comfortably exceeded all internal targets, generating more than 250,000 unique registered users to date, with more than 800,000 unique visitors to our sites. We expect the benefits of this valuable database to contribute both to advertising revenues and to our B2C drive across the Group's various platforms in the second half and beyond. "We are particularly excited at the prospect of the student services platform, which is scheduled for launch before the end of Q3. The platform will initially focus on the provision of recruitment services for part-time jobs for China's 35 million students, which is an increasingly important demographic as China continues to grow. Following detailed discussions, we are expecting several major international fast food and retail companies, and utility companies to be amongst the first employers to use the platform. "Development of the additional aspects of the student services platform are continuing, as announced earlier this month, including graduate recruitment services and sales of mobile phones and other devices (and associated financing), as well leveraging our mobile and mobile data top-up and motorist services to this important user group. We expect to make further updates as we progress towards launch in October 2017. "The Group's focus upon the creation of big data continues to gain momentum and the Board believes that this increasingly valuable commodity will develop significant shareholder value by extending our income generating capabilities considerably. From our partnerships to support the key data and utility provision of local government, to our ultimate entrance into the credit checking market, we are confident that this strategy will deliver us a very substantial Chinese database. "The Board has previously stated that it wished to obtain a secondary listing on the NASDAQ exchange during Q3 2017. Whilst it remains our intention to list in the United States as soon as possible, and the SEC application process is well advanced, advice from leading US banks leads us to believe that the shareholder value created by the initiatives listed above, once executed, will attract significant additional interest on NASDAQ. This will inevitably delay the US listing process, but the universal view of the Company and its advisers is that focusing on new revenue generation is firmly in the best interests of all shareholders. "In summary, we are pleased with the significant steps forward that the Group has made during the first half and look forward with considerable confidence that the execution and delivery of all of those initiatives will deliver substantial shareholder value." For further information, please contact: BNN Technology plc Darren Mercer, Chief Executive Scott Kennedy, Chief Financial Officer Stephen Benzikie, Communications +44 (0) 1565 872990 Strand Hanson Limited (Nominated & Financial Adviser) Andrew Emmott / Ritchie Balmer +44 (0) 20 7409 3494 Mirabaud Securities LLP (Broker) Peter Krens +44 (0) 20 3167 7221
26 Jul 2017 Arsenal extends deal with BNN Technology We are delighted to announce our relationship with Chinese technology, content and services provider BNN Technology has been extended up to and including the 2019/20 season. Showing a further commitment to the region, the expanded partnership offers BNN Technology exclusive rights including the opportunity to build on their ‘Coaching the Coaches’ programme which was met with huge interest when launched last season. Through BNN we are able to give our fans in China access to more behind the scenes content to bring them closer to the club, with access to the travelling squad during the 2017 pre-season tour of Shanghai and Beijing, and supporters having the opportunity to ask first team players questions via an exclusive competition on BNN’s website. The newly expanded agreement also affords BNN Technology the right to set up and operate an official Arsenal store on the Tmall platform in China, through which supporters will be able to purchase Arsenal merchandise and official PUMA training and replica kits. Chief Commercial Officer Vinai Venkatesham said of the extended partnership: “We are delighted to have extended and expanded our relationship with BNN Technology, which further demonstrates our commitment to China. We understand the power football has to engage and inspire across all ages and through working with BNN we can support the growth of grassroots football in China further through their ‘Coaching the Coaches’ programme. We believe the additional combination of delivering valuable content, exclusive access opportunities and the up-coming launch of the new, online retail store on the Tmall platform – the most established e-commerce platform in-market - will be of significant benefit and interest to our millions of supporters locally. We’re looking forward to seeing this next stage of the partnership flourish.” Darren Mercer, Chief Executive of BNN Technology, said: “We are to delighted to now become Arsenal’s exclusive ‘Coaching the Coaches’ partner in China, further expanding our relationship with one of Europe’s most successful clubs. This development will accelerate our activities supporting China’s football ambitions, while also delivering first class content to our online channels and gaining further high quality data to utilise across our other sales platforms. The success of the coaching programme to date has exceeded all our expectations and we remain committed to football as a driver of social engagement in China that will also strengthen the base of our consumer focused operations such as our new student platform." Copyright 2017 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source.
RNS 26 July 2017 New Tmall Partnership with Arsenal https://www.investegate.co.uk/bnn-t...partnership-with-arsenal/201707260700030785M/ Group extends and expands partnership with leading European football club to create and operate online store with Chinese B2C giant BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company, today announces a significant further expansion of its commercial relationship with Arsenal Football Club, signing a contract to create and operate an online store in China through Tmall, the business-to-consumer (B2C) marketplace owned by the country's leading e-commerce group, Alibaba. The Group will be licensed by Arsenal as its Official Tmall Retail Partner. The Arsenal Tmall store, developed and operated by BNN's Chinese technology partner Harbin Tengcai Science & Technology Co. Limited ("Tengcai"), will sell a wide range of official Arsenal branded merchandise, including the 2017/18 replica kit and training wear by PUMA. BNN will have an 80% share of all revenues and earnings from the store, with the remainder distributed to our Chinese partner. Tmall represented 56.6% of Chinese retail e-commerce sales in 2016, more than twice those of the second largest platform (Source: iResearch Consulting). In China's famous 11/11 Singles Day retail event in November 2016, Alibaba's online marketplaces generated Gross Merchandise Value of RMB 120.7bn (£13.7bn) in 24 hours, a 27% increase on the 2015 event. BNN's technology platform has supported Alibaba on a number of e-commerce initiatives in recent years involving high volumes of transactions. BNN announced on 24 March 2017 that its multifaceted partnership with Arsenal would be expanded to encompass delivering unique content, developing coaching programmes, providing 'money can't buy' VIP experiences for Chinese football fans and offering competitions through a number of online channels including the Xinhua News Mobile App. In recent months, football fans have driven significant customer acquisition for BNN to utilise across all of its sales platforms, including B2C channels for student services, mobile top-ups, and higher margin mobile bandwidth. BNN will continue to develop football-based data initiatives as part of its wider strategy, using content and services to attract users to register with its sites and apps to create a broad marketing platform based on high-quality user data. The Group will make a further announcement in due course when it launches the Arsenal store on Tmall. Darren Mercer, Chief Executive of BNN Technology, said: "We are very excited to be expanding and extending our commercial relationship with Arsenal, developing a three-way e-commerce initiative which we believe presents a longer term opportunity to market directly to Alibaba's 454 million users. Our ability to combine Arsenal's strong brand and fan base with Tmall's huge B2C reach and BNN's robust technology platform clearly demonstrates the strength of the Group's strategy in football. Our partnerships with some of the world's largest clubs continue to generate high quality consumer data as we collaborate with major online partners to accelerate the Group's B2C drive across its various platforms in the second half of 2017 and beyond." Vinai Venkatesham, Chief Commercial Officer of Arsenal FC, said: "Through our relationship with BNN Technology, we are delighted to offer supporters in China the opportunity to buy official club merchandise and replica kits via Tmall, the most important marketplace platform in China. This new retail offering continues to show our commitment to China as part of the broader expanded partnership with BNN Technology, and will be of significant benefit to our millions of supporters locally."
RNS #2 26 July 2017 BNN Technology Extends Arsenal Coaching Deal https://www.investegate.co.uk/bnn-t...ds-arsenal-coaching-deal/201707260701040790M/
https://www.investorschronicle.co.uk/shares/2017/08/23/change-comes-at-a-cost-for-bnn/ Change comes at a cost for BNN
