During the 2017 Hong Kong·Shandong Week, Qingdao Jufeng Technological Venture Capital Co., Ltd., Shandong Luxin Cultural Media Investment Group Co., Ltd. and Arts Alliance Media signed a contract on the "Overseas Cooperation Project of Jufeng Technological Venture Capital and Shandong Luxin Cultural Media Investment Group Co., Ltd." As one of the four projects that Laoshan District signed a contract during the week, the project introduces the globally leading enterprise in the cinema software industry to Laoshan District and provides a new driving force for Laoshan District to replace the old growth drivers with new ones and promote the development of the VR industry. 

▶Meng Fanli, Deputy Secretary of the Party Committee of Qingdao and Mayor of Qingdao, Met with Thomas Hoegh, Chairman of the Board of Directors of Arts Alliance Media cordially. 

Meng Fanli, Deputy Secretary of the Party Committee of Qingdao and Mayor of Qingdao, Met with Thomas Hoegh, Chairman of the Board of Directors of Arts Alliance Media cordially. 

According to the disclosed information, the Overseas Cooperation Project of Jufeng Technological Venture Capital and Shandong Luxin Cultural Media Investment Group Co., Ltd. is the globally leading digital cinema software and service provider Arts Alliance Media which is called AAM for short. AAM is headquartered in London, and is the best one in the cinema equipment management software industry and the founder and leader of the VPF industry. Meanwhile, AAM is very well-known in the industry and interacts with 40, 000 screens worldwide. 

▶All parties discussed the development of cinema management techniques and VR industrial education in Laoshan District in the next step. 

After the project cooperation, AAM will be built into the largest "Cinema ERP" system service provider in China, the largest cinema software and hardware leasing company in the world and one of the leading big data and internet enterprises in the cinema industry. 

▶Qingdao Jufeng Technological Venture Capital Co., Ltd., Shandong Luxin Cultural Media Investment Group Co., Ltd. and AAM signed a contract. 

At present, Laoshan District is actively promoting overseas technical exchanges. Jufeng Technological Venture Capital has actively contributed to the rapid enterprise growth, promoted the industrial transformation and upgrading of Laoshan District, actively participated in the global market, and introduced and gathered internationally advantageous resources by taking capital as the belt for Laoshan District to replace the old growth drivers with new ones. 

▶The contract is successfully signed. The three parties congratulated each other. 

After the overseas cooperation project is reorganized and completed, it will set up regional headquarters including the R&D center, the production center and the market center in China. The project belongs to the emerging high-tech industry. In the future, it can form a good synergistic effect with the VR industry that Laoshan District is development to promote the development of upstream and downstream industries.

TIPS:

For Shandong province, Hong Kong is the largest source of foreign investments.  

In June 2017, Shandong already approved the establishment of 18,345 Hong Kong business and utilized 79.61 billion US dollars of Hong Kong investments. Among all countries and regions investing in Shandong, Hong Kong ranked first. Shandong has approved 772 overseas investment enterprises (organizations) in Hong Kong and the approved investment reached 86.95 billion yuan. At present, Shandong has 46 listed Hong Kong companies whose number accounts for 45.5% of the total number of listed foreign companies in Shandong.