Basic agreement on comprehensive business alliance between
Pulse. Inc and Unleash Entertainment
IGNIS LTD. (Head office: Shibuya-ku, Tokyo; CEO: Qian Kun; hereinafter “IGNIS”) announce that we have resolved at the board of directors meeting held on February 27, 2018 to enter a basic agreement on a comprehensive business alliance between our subsidiary Pulse. Inc (Head office: Shibuya-ku, Tokyo; CEO: Qian Kun; hereinafter “Pulse”) and Unleash Entertainment (Head office: Hong Kong; CEO: Ben Chong and Tang,Chi Wai; hereinafter “UNLSH”). Details are as follows.
Reasons for basic agreement on comprehensive business alliances
UNLSH is one of the most influential talent agency in the entertainment field in China, they manage influencers and other celebrities. With a view to receiving their support for the content production and other activities in China, we will enter into a basic agreement on a comprehensive business alliance with UNLSH, as one of our partners in the development and operation of a Virtual Live Platform “INSPIX” by Pulse.
Overview of Unleash Entertainment
|Company name||Unleash Entertainment|
|Representative||Ben Chong, CEO
Tang, Chi Wai, CEO
|Founded||November 27, 2013|
|Head office||J3, 2/F., Block A, Marvel Industrial Building, 25-31 Kwai Fung Cresent, Kwai Chung, Hong Kong|
|Business details||Talent agency and content production, etc.|
The impact of the agreement on the consolidated financial performance for the fiscal year ending September 2018 is considered to be minor. We shall continue to create new experiences, with our basic mission here at the IGNIS group “Creating new standards, over and over again”, and thereby to strive to be able to lead the process of expanding the scale of the VR market in Japan and spreading the adoption and use of VR devices.