HONG KONG--(BUSINESS WIRE)--China Information Technology Development Limited (the “Company” and its subsidiaries, collectively the “Group”, HKEx: 8178) announced that, the Company’s subsidiary in Japan had entered into an agreement in June with Jiji Press, Ltd.（時事通信社）that, the Group shall procure advertising channels, through print and digital media in Hong Kong for Japanese products and Jiji Press will be the exclusive distributor for advertising channels so procured for the Japanese market in Japan.
Jiji Press is a prominent news agency in Japan, which has 82 branch offices, general bureau in Japan and 28 general bureau globally.
Mr. Wong Kui Shing, Danny, Chairman and Chief Executive Officer of the Group said, “With the vast networks of Jiji Press in Japan, Jiji Press has valuable source of different famous and unique products around Japan. By cooperating with Jiji Press, the Group can further extend and build up its business networks in Japan and also in Hong Kong especially in the media industry where the Group can apply its technology to explore for new business opportunities. As announced last year, the Company had formed a joint venture in Japan to launch into the business of promotion and distribution of Japanese products in Great China Region and ASEAN Regions, this Agreement has further strengthened the Group’s ability to promote the Japanese products in China and ASEAN Regions. It also enable the Group to further its step to develop a comprehensive one-stop IT services platform that can be applied in our existing businesses. We believe that by entering into the Agreement, it will be beneficial to the future growth and business development of the Group as a whole.”
About China Information Technology Development Limited
China Information Technology Development Limited (HKEx: 8178.HK), formerly Xteam Software International Limited, was established in the Cayman Islands on May 24, 2001, and has been successfully listed in Hong Kong Stock Exchange Growth Enterprise Market (GEM) since December 11, 2001. The Group is principally engaged in the development and sale of computer software and hardware, the provision of system integration and related support services in the PRC.