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Sino Prosper subscribes to shares in HLZH, pushing into the vast 5G Smart Lamppost market in PRC

HONG KONG, Nov 6, 2019 - (ACN Newswire) - Sino Prosper (Group) Holdings Limited ("Sino Prosper", HKEX:00766) is pleased to announce that its wholly-owned subsidiary Hong Kong Macau Technology Holdings Limited ("HMT") has received an LOI (Letter of Intention) from Hulian Zhihui (Guangzhou) Technology Company Limited ("HLZH") granting it the right to subscribe to shares in an offering by HLZH. Based on the strategic cooperation between HLZH, Tencent Cloud and China Tower (HKEX:00788) to develop the digitalization of "5G Smart Lampposts" in the PRC, Sino Prosper believes the share subscription will be beneficial for the Company, pushing it into the vast market for "5G Smart Lampposts" in the PRC.

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