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Tuesday, 8 August 2017, 20:44 HKT/SGT
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Source: Neo Telemedia Limited
Nanxiang Cloud Services Data Center, Invested by Guangzhou Nowtop (Neo Telemedia Group) and Huade Industrial, Officially Opens its Doors
A Significant Milestone, Deeply Enhancing Presence in the Big Data Industrial Chain

HONG KONG, Aug 8, 2017 - (ACN Newswire) - Guangzhou (Nanxiang) Cloud Services Data Center ("Nanxiang Data Center"), established by Guangzhou Nowtop Technology Co Ltd ("Guangzhou Nowtop"), a wholly-owned subsidiary of Neo Telemedia Ltd ("Neo Telemedia", HKE:8167), and Guangzhou Huade Industrial Ltd ("Huade"), held its grand opening ceremony in July 2017 and began a new chapter in the development of the modern data center with big data at its core.

Nanxiang Data Center, the first self-financing and self-operating project in China, and jointly invested by Huade and Guangzhou Nowtop, will occupy a total constructed floor area of 12,400 sq.m., and house 3,000 cabinets. The Center will roll-out in two construction phases. Phase One proposes a constructed floor area of 6,600 sq.m. with 1,200 cabinets and 1,000 sq.m. for customer requirements, starting operations at the end of 2017.

Phase Two entails a further 6,000 sq.m. and 1,500 cabinets, with construction starting in the second half of 2018. Nanxiang Data Center aims to provide high-speed internet and secure data center services, along with disaster recovery services for customers whose occupancy rate should reach 70% by the end of 2018.

Nanxiang Data Center is also one of the first data centers in Southern China to adopt natural cooling technology. This technology will enable the Data Center to save up to 30% in energy compared with traditional data centers, thus helping the community to reduce energy consumption and mitigate pollution as well as enhance operational efficiencies. It also helps improve the Group's competitiveness in serving high-end IDC customers in Guangdong and enhances the Center's ability to secure higher revenue.

With cloud computing maturing in Mainland China in recent years, the country has included infrastructure planning, such as IDC, in it's six major missions and a policy base for integrating the development of cloud computing and IDC has been laid down. The IDC market in Guangdong is expanding rapidly and the Nanxiang Data Center is another mature IDC project in operation by the Group, a swift response to the changing market.

As one of the leading big data infrastructure service providers, Guangzhou Nowtop boasts a solid business foundation, an experienced and professional technical team, a quality customer base and connections with major operators, which will boost development of the Nanxiang Data Center. The Group believes that with the application of cloud computing on the rise, Nanxiang will generate new business and profit growth drivers that further strengthen its presence in the big data industry chain and generate returns for its shareholders.

About Neo Telemedia Ltd (HKE:8167)

Neo Telemedia Ltd and its subsidiaries form a telecommunications group focusing on the Internet of things and big data. In early 2015, the Group signed several agreements to explore various opportunities in WiFi access services and cloud computing application and cross-border e-commerce businesses in the PRC.

Group subsidiaries Avatar Wealth and Bees Financial offer Internet finance platform business services, while Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute, jointly established by the Telemedia Group, Shenzhou Aerospace Software Ltd and Foshan Chancheng District People's Government, was registered as a non-profit organization with the Department of Civil Affairs, Guangdong Province on 23 October 2015.

At the end of 2015, Neo Telemedia completed a public offering and raised HK$1.1 billion, to be invested in data centers run by Guangdong Bluesea Mobile Development Co., Ltd., including the Zhuxishugu project in Jiangmen. The Group was included as a constituent stock in MSCI Hong Kong Small Cap Index with effect from December 2016. Visit us at www.neo-telemedia.com/engmain.

For press enquiries:
Strategic Financial Relations Limited
Joanne Lam, +852-2864 4816, joanne.lam@sprg.com.hk
Cecilia Shum, + 852-2864 4890, cecilia.shum@sprg.com.hk
Aroma Ding, +852-2114 4950, aroma.ding@sprg.com.hk



Aug 8, 2017 20:44 HKT/SGT
Topic: Press release summary
Sectors: Telecoms, Enterprise IT
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