June 23, 2018 2:46 PM ET

Media

Company Overview of East Asia Music (Holdings) Limited

Company Overview

East Asia Music (Holdings) Limited engages in production and distribution of music albums for different Asian artists, acts, and compilations. The company was founded in 2004 and is based in Hong Kong. East Asia Music (Holdings) Limited operates as a subsidiary of eSun Holdings Ltd.

Room 1403-7

14/F Causeway Bay Plaza 2

463-483 Lockhart Road

Causeway Bay

Hong Kong,  

Hong Kong

Founded in 2004

Phone:

852 2905 8183

Fax:

852 2815 6603

Key Executives for East Asia Music (Holdings) Limited

Compensation as of Fiscal Year 2017.

East Asia Music (Holdings) Limited Key Developments

Media Asia Group Holdings Limited Enters into the Music Catalogue Distribution Agreement with Capital Artists Limited, East Asia Music (Holdings) Limited and Fortunate Sound Limited

Media Asia Group Holdings Limited entered into the Music Catalogue Distribution Agreement with Capital Artists Limited (CAL), East Asia Music (Holdings) Limited (EAM) and Fortunate Sound Limited (FSL), pursuant to which the company is appointed as the distributor of and licensed with the rights to distribute the Works and the Karaoke Music Videos in the PRC for a period of three years from April 1, 2018 to March 31, 2021. As at the date of this announcement, eSun is the controlling shareholder of the Company indirectly holding approximately 67.56% of the issued share capital of the Company and therefore a connected person of the Company. Each of CAL, EAM and FSL is a wholly-owned subsidiary of eSun and therefore is a connected person of the Company under the GEM Listing Rules. Accordingly, the transactions contemplated under the Music Catalogue Distribution Agreement constitute continuing connected transactions of the Company under the GEM Listing Rules. In respect of the rights licensed by the Licensor, the company shall provide distribution service of the Works and the Karaoke Music Videos in physical configurations and electronic transmission medium, marketing support service and any additional service at charge in addition to the Distribution Fee upon agreement with the Licensor in writing. In consideration of the company providing the services to the Licensor in accordance with the terms contained in the Music Catalogue Distribution Agreement, the Company will be entitled to retain 15% of the Gross Revenue as the Distribution Fee.

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Recent Private Companies Transactions

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