Admission and First Day of Dealings on AIM

12 May 2014


Company Profile


Galasys is an integrated services and solutions provider for the amusement industry in Asia. Our IT solutions and management services are utilized in many of the region's most visited amusement parks and attractions.

Galasys was founded in 2005 in Suzhou, China, by a team of Malaysians. Galasys plc is a holding company for Galasys Solution (MSC) Sdn Bhd, Galasys Technologies (HK) Limited, Galasys Global (Suzhou) Co., Ltd and Green Laser Technology Sdn Bhd (altogether known as "Galasys").

Our services

Galasys specializes in customizing and implementing ticketing, admission control, point-of-sale and e-wallet systems.

We invest heavily in software research and development (R&D). As of 31st December 2013, we own over 37 registered software Intellectual Properties (IPs), reflecting an estimated R&D effort of over 50 man-years.

Galasys has attained ISO 27000 certification and been awarded with High-Tech status in China and MSC status in Malaysia.

Our clients

Galasys clients include medium-to-large amusement parks of all kinds, such as:
•water parks
•theme parks
•zoos
•museums
•kids' education parks
•stadiums
•other attractions

Our markets

We have deployed solutions in over 60 sites across Asia - mainly in China and the South East Asia (SEA) region.

In China, 13 out of the top 20 theme-parks (in terms of visitors) are our clients. These include:
•Chime Long (in Guangzhou and Zhuhai)
•OCT Happy Valley (in Beijing, Chengdu, Wuhan, Shanghai, Tianjin and Shenzhen)
•Changzhou Dinosaur Land
•Shengyang Royal Park

In Malaysia, our clients include:
•Zoo Melaka
•Melaka Wonderland
•Hatten Group
•OWG Haunted Adventure and Ripley's Believe It or Not

http://www.galasystec.com/

New Contract Wins
RNS
RNS Number : 4237G
Galasys PLC
05 March 2015



5 March 2015



Galasys PLC

("Galasys" or "The Group")



Galasys secures first customer for its Mobile Ticketing and Park Map & Navigation Apps



Galasys PLC, a leading provider of ticketing systems and solutions to the fast growing theme park industry in Asia, is pleased to announce new contract wins with a total value of c. GBP256, 000.



These contracts have been awarded by Enchanted Kingdom in the Philippines, the country's first and only world-class theme park and by Farm In The City, a new village-themed petting zoo located in Malaysia.



THE PHILIPPINES

Enchanted Kingdom was opened in 2005, has 16 rides, boasts 7 themed zones and attracts over 2 million visitors per annum.



In 2014, Galasys secured the first contract to deploy its ticketing management system for Enchanted Kingdom to entirely replace the incumbent's ticketing system. Following the successful implementation, Galasys has now secured Enchanted Kingdom as the first customer for its newly developed and launched Mobile Ticketing and Park Map & Navigation Apps. The contract also includesGalasys Point-of-Sale (GPOS), GSET Online Ticketing Solutions (GSET-OTS) and additional equipment for access management,



MALAYSIA

Farm In The City ("FITC") is a unique concept that combines the elements of wildlife and nature set in an environment of a conservation park. FITC houses over 100 species of exotic animals and 40 types of tropical fruits.



This contract has been awarded to I Logic Solutions Sdn Bhd, the newly acquired subsidiary of Galasys and includes both its front-end system and back-end ticketing modules.



Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:



"We are delighted that our mobile modules and apps will soon be deployed in a premier theme park in Asia. This is further endorsement and testament of the vision of our R&D team in developing products that seek to enhance operational efficiency of park operators and also the overall park experience for the visitors. We expect wider adoption and deployment of these modules and apps by other parks in due course.



I Logic Solutions has secured its first contract as part of the Galasys group and we look forward to working with the I Logic team to further expand our market share in Malaysia.



Securing new contracts from existing clients represents an endorsement and confidence in our solutions and services. In addition to our ongoing success in China, we believe that we have demonstrated the quality and technical merit that continues to attract repeat business from clients in the wider South East Asia region as well."





Mr. Mario O. Mamon, Chairman and President of Enchanted Kingdom and immediate past Chairman of International Association of Amusement Parks & Attractions (IAAPA), said



"With the expansion of Enchanted Kingdom and the coming celebration of the park 20th anniversary we are continuing to invest not only in new rides and experience for the park visitors but we are also investing into IT solutions to provide better experience and value to our park visitors. Since the award of the ticketing management systems to Galasys, we are very pleased and collaborated well with Galasys team. Our new ticketing management systems went live according to schedule. Therefore, we are awarding new contracts to Galasys for continuous roll out of their solutions to Enchanted Kingdom and coming expansion of the park."

Final Results
RNS
RNS Number : 9659J
Galasys PLC
13 April 2015



13 April, 2015

Galasys PLC

("Galasys" or the "Group" or the "Company")



Preliminary unaudited results for the year ended 31 December 2014



Galasys PLC (AIM:GLS), a market leading provider of integrated amusement park solutions and services to the fast growing amusement parks industry in Asia,is pleased to announce its full year unaudited results for the year ended 31 December 2014.



Financial Highlights



• Revenue for 2014 up 45% at RM38.62m (2013: RM26.67m^)

• Gross Profit up 83% at RM19.52m (2013: RM10.64m^)

• EBITDA up 48% at RM12.58m (2013: RM8.5m^)

• Profit Before Tax up 35% at RM11.34m (2013: RM8.38m^)

• Profit After Tax up 30% at RM9.40m (2013: RM7.21m^)

• Cash RM12.22m* (2013: RM2.16m^)

• EPS RM0.16, or c. 2.91 pence

• Repeat and recurring revenue increased to 66% of sales (2013: 60%)

• Recommended final dividend of 1.084 sen, c. 0.2 pence per share



^The comparative figures for the 12 months to 31 December 2013 (refer to note 13) included above were on the basis that Galasys GLT (formally known as Green Laser Technology) was part of Galasys Group from 1 January 2013

* includes net proceeds from IPO of RM10.50m (£2.20m)



Operational Highlights

• Successful AIM IPO in May 2014, raising gross proceeds of £3.1 million at a placing price of 22.5p (net proceeds of RM10.50m / £2.20m)

• 46 new installed sites since IPO roadshow in April 2014

• Secured various new clients including Dalian Wanda Group in China and Enchanted Kingdom in the Philippines which are significant new wins

• Extended our sales network and channels into the Philippines, Indonesia, Vietnam and the UK

• Completed R&D for a number of new modules including eWallet on RFID, Mobile Ticketing, Park Map & Navigation and Smart-Q Apps and Ticketing Redemption & Vending Kiosk

• Successfully launched our Cloud Online Travel Agency ("CLOTA") platform for theme park ticketing

• Galasys GLT (formerly Green Laser Technology) successfully integrated into the Group and performing ahead of management expectations

• Successful acquisition of I Logic Solutions Sdn Bhd ("iLogic"), a leisure and entertainment solutions provider in Malaysia

• Total staff strength increased by more than 80% to over 140 as of 31 December 2014





Commenting on the announcement, Mr. Teh, Chairman of the Group, said:



"The Board is delighted with the Group's robust operational and financial performance in our first full year as an AIM listed company. We have managed to build strongly on the interim performance announced in September and now have more than 100 installed sites, nearly double what we had when we started our momentous AIM IPO journey in May 2014. With such momentum and confidence, the board has committed to a maiden dividend and a progressive dividend policy.



We look forward to continuing our growth story in the coming years as we build our team, expand our market reach, launch more innovative products and services and bring in new partners to scale greater heights."





Mr. Seah, Chief Executive, added:



"2014 has been a year of tremendous progress for Galasys. We have successfully integrated the acquisition of Galasys GLT; launched various new products and services, secured significant new customers and retained all our existing clients and sites; entered into new territories and deepened ties with our existing customers and partners. We are well positioned to continue to drive both our geographical expansion and new product and services roll-out in 2015 and beyond.



We are grateful for the support received from our shareholders, customers, business partners and staff, and look forward to continuing to work with all of you."

Galasys gets major backer as Chinese software giant takes 20% stake

By Philip Whiterow

April 13 2015, 10:12am
Notable new customers include the Chinese leisure group Dalian Wanda and Enchanted Kingdom in the Philippines.
Notable new customers include the Chinese leisure group Dalian Wanda and Enchanted Kingdom in the Philippines.


One of China’s leading software groups has taken a substantial stake in Asia theme park ticketing specialist Galasys (LON:GLS).

Beijing Shiji, which has a market value in Shenzen of £3bn, has bought 20% through a combination of a placing at 30p a share and the acquisition of 7% from existing holder Netrove, a tech fund.

The Chinese group paid a 33% premium to the current market price for its shares through the subscription, which will raise just under £3.3mln for Galasys.

Shiji has a substantial presence in China and specialises in hotel booking and management software.

As well as the equity stake, which will enable Beijing Shiji to have one board director, the two companies have signed a collaboration agreement that will see Galasys’s ticketing software integrated with Shiji’s own hotel systems.

Once completed, visitors will be able to book theme park tickets and use Galasys’s other functions from hotels or shops and other Shiji-powered food and beverage outlets.

Shiji will also be able to tap into Galaysys’s Cloud-based CLOTA system that allows travel agents to book theme park tickets online.

Galasys will get share revenue and receive referrals income, similar to its arrangements with theme parks.

Shiji currently has 6,000 hotel customers and hundreds of thousands of F&B and retail outlets.

It recently attracted the interest of giant online shopping group Alibaba, which took a 15% stake in December for £305mln.

Galasys's shares rose 15% on the announcement to 26p with sentiment also boosted by a maiden dividend after annual sales and profits both jumped sharply.

Shareholders in the Malaysian group will get 0.2p as revenues over the past 12 months jumped by 45% to myr38.6mln (£7.1mln) and profits rose 35% to myr11.3mln (£2.1mln).

More than 100 leisure sites now use the group’s software - double the number when Galasys listed on AIM almost a year ago.

Notable new customers include the Chinese leisure group Dalian Wanda and Enchanted Kingdom in the Philippines.

Galasys’s performance was aided by a number of new products such as eWallet, Mobile Ticketing, and smartphone enhancements such as Park Map & Navigation.

Sean Seah, chief executive, described it as year of “tremendous progress”.

"We have successfully integrated the acquisition of Galasys GLT; launched various new products and services, secured significant new customers and retained all our existing clients and sites; entered into new territories and deepened ties with our existing customers and partners.

“We are well positioned to continue to drive both our geographical expansion and new product and services roll-out in 2015 and beyond."

galasys-excited-about-20-stakeholder-beijing-shiji-and-alibaba-synergies

BIG PICTURE - Galasys riding high in expanding theme park market

By Giles Gwinnett

May 04 2015, 11:00am
The ticketing specialist also revealed it would pay a maiden dividend of 0.2p a share - 8% above house broker WH Ireland's estimates and a year ahead of plan
The ticketing specialist also revealed it would pay a maiden dividend of 0.2p a share - 8% above house broker WH Ireland's estimates and a year ahead of plan


The first set of prelims last month from Asian amusement park software provider Galasys (LON:GLS) showed a firm riding high but also underlined there could be much more to come from this AIM stock.

The company, ten years old but floated in May last year, reported a revenue jump in 2014 of 45% to myr38.6mln (Malaysian Ringgit) (£7.1mln) while pre-tax profits rose 35% to myr11.3mln (£2.1mln).

The ticketing specialist also revealed it would pay a maiden dividend of 0.2p a share - 8% above house broker WH Ireland's estimates and a year ahead of plan.

Also headline-grabbing was Galasys' unveiling of a premium placing, where one of China's leading software groups - Beijing Shiji Information Technology - took a 20% stake in the expanding China and South East Asia focused group. This underlined that Galasys is a firm already very much on the corporate radar.

Shiji paid a 33% premium and the investment now makes it the second largest shareholder in the group. Interestingly, Shiji itself caught the imagination of e-commerce giant Alibaba late last year, which took a 15% stake in Shiji for £305mln.

Shiji’s customers include more than 6,000 hotels, 100,000 restaurants and 200,000 retailers and WH Ireland reckons its dominant position in the leisure sector in Asia opens up new verticals for Galasys.

Visitors at such venues will be able to book theme park tickets and use Galasys’s other functions from hotels or shops and the impact of the cross selling could be felt by Galasys as early as the fourth quarter this year.

The broker reckons the premium paid by Shiji also underlined its belief that Galasys is 'grossly' undervalued by the market, and the 30p price should be viewed as the share's floor price.

The Shiji investment also of course opened up the possibility that it could at some stage acquire Galasys outright to gain access to a growing leisure space it currently does not occupy.

The Chinese theme park market has doubled in the last five years and experts forecast it will double again before 2020, by when it is expected to have overtaken the US market.

Capital spend on Chinese parks increased an eye watering 163% to US$24bn between 2011 and 2013, while attendance at such venues in the Asia-Pacific region increased 7.4% in 2013 - around three times faster than the US.

Galasys systems are used at 106 sites, including 13 of the top 20 parks by visitor numbers and 15 out of 20 water parks in China, and it continues to expand into new territories, such as Japan and Vietnam.

And last year saw it launch its cloud online ticketing platform (CLOTA), which links parks' ticketing systems to most of China's travel agencies, which has an obvious knock-on benefit for sales but also has shifted the model - to more revenue sharing for each ticket sold - something, which WH Ireland reckons is a "watershed" moment for the group.

As well as retaining all its existing clients last year it added some significant new ones such as the huge conglomerate Dalian Wanda in China and Enchanted Kingdom in the Philippines.

On its prospects for 2015, Galasys has said it will work on enhancing its core ticketing platform and associated modules including mobile apps and solutions.

"In particular, as part of the transformational growth plan, we will develop and launch more products and services that will be mobile and internet based so that our revenue base is broadened and to enable us to reach out more directly to the park visitors," it told investors.

WH Ireland is certainly upbeat on the group's future. It has raised the target price to 45p from 40p and forecasts pre-tax profit of myr 14mln in 2015 rising to myr 20.4mln in 2017.

It has said it likes the group's high recurring revenue, strong current trading and scope for useful acquisitions.

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Galasys lands new Chinese ticketing contracts

By Jamie Ashcroft

May 28 2015, 7:54am
'We are delighted that our association with Dalian Wanda has continued to strengthen as the Dalian Wanda Group business expands,” said chief executive Sean Seah.
"We are delighted that our association with Dalian Wanda has continued to strengthen as the Dalian Wanda Group business expands,” said chief executive Sean Seah.


Attraction ticketing specialist Galasys (LON:GLS) has secured additional Chinese contracts with the Dalian Wanda Group.

The contracts, worth £280,000, are for the Wanda Xishuangbanna Theme Park and Wanda Kids Park.

The theme park is part of Wanda’s Xishuangbanna International Resort which opens this year and is expected to attract 5mln visitors each year. Also comprising a sports park, 5-star hotels, a theatre, a commercial centre, a tourist town and a hospital the resorts spans around 6 square kilometres and cost around £1.6bn to develop.

Galasys is providing its ticketing system to the theme park, while the Wanda Kids Park deal will see the company design and customise ticketing management and membership management systems.

Wanda Kids Parks is a ‘creative parenting’ attraction, for children aged between one and 12, and are being incorporated into department stores across China.

"We are delighted that our association with Dalian Wanda has continued to strengthen as the Dalian Wanda Group business expands,” said chief executive Sean Seah.

“The additional contracts secured recently, bear testament to Dalian Wanda's confidence in the quality of our products and services. Our technical merit allows us to continue attracting new and repeat business from reputable clients in China and the South East Asia region.”

New Contract Announcement
RNS
RNS Number : 0878Q
Galasys PLC
15 June 2015

15 June 2015



Galasys PLC

("Galasys" or "The Group")

Galasys secures contracts from Yinji Water Park in China





Galasys PLC (AIM:GLS), a market leading provider of integrated amusement park solutions and services to the fast growing theme park industry in Asia, is pleased to announce a new contract win in China with a total value of c. GBP 503,000.





YINJI WATER PARK



Rated as one of the world's largest facilities and most stimulating water park, Yinji Water Park is situated in Zhengzhou, Henan and is backed by Silver Base Group which has a 15 year track record and holds more than RMB 20 billion (c. GBP 2 billion) worth of assets. Yinji Water Park, under construction since August 2014, is expected to commence operations by the end of June 2015 and the deployment of dehumidification technology will enable visitors to enjoy the park all year round.



Galasys will provide its Front-end and Back-end System V2.0 to Yinji Water Park with a total contract value of RMB 4,844,000 (c. GBP 503,000) and 3 years of after-sale services. Galasys will receive 70% of the total payment upon contract signing and delivery of facilities.





Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:



"We are delighted to announce securing our latest attraction site, Yinji Water Park. This is another exciting addition to our existing portfolio of water parks, further strengthening our market share in China. Silver Base Group's foray into the water park business will present more opportunities for Galasys and we look forward to working with the group in the future."





The Company has also been informed that Focus Information Technology Co., Limited holder of 15,311,340 ordinary shares in the Company, has renamed to Shiji (Hong Kong) Limited. The shareholding remains the same.

Contract Win
RNS
RNS Number : 3337R
Galasys PLC
29 June 2015

29 June 2015



Galasys PLC

("Galasys" or "The Group")



Contract Win



Galasys ventures into Intelligent Tourism via collaboration with Xinjiang Province Tourism in China and secures contract from Penang Hill Corporation in Malaysia



Galasys PLC (AIM:GLS), a market leading provider of integrated amusement park solutions and services to the fast growing theme park industry in Asia, is pleased to announce new contract wins in China and Malaysia with a total value of c. GBP 457,000. The contracts have been awarded by the Burqin county government of Xinjiang province as part of a collaboration with Galasys to promote intelligent tourism and Penang Hill Corporation.



INTELLIGENT TOURISM



"Intelligent Tourism" is the application of technologies such as the internet of things (IoT), cloud computing, next generation of communication networks, intelligent data mining to the tourism industry, in which physical and information resources are integrated to improve tourism services, improve the tourism experience, innovate tourism management and enhance tourism enterprises' competitiveness.



Galasys will cooperate with the Burqin County of Xinjiang to develop Intelligent Tourism and Kanas Lake will be the first beneficial site under this partnership. Kanas Lake is located in the Altai Mountains, near the very northern tip of Xinjiang province. Galasys will supply and implement ticketing platforms to most of the visitor attractions within Kanas Lake and 5 years after-sale services. Galasys and Xinjiang Tourism Association have formed a partnership where the government will endorse Galasys for other scenic sites in the future. Both parties have the common understanding to implement a regional tourism platform that would raise standards of Xinjiang's tourism and build a sustainable tourism industry for this region.



PENANG HILL IN MALAYSIA



The famous Penang Hill is one of the oldest colonial hill stations established by the British during their time in Malaysia. Founded by Sir Francis Light during his pack horse track back in the year 1788, Penang Hill's number of annual visitors increased from 600,000 in 2011 to 1.36 million in 2014 and is expected to increase with the opening of a new RM1.4 million (c. GBP 236,000) observation deck, "The Skywalk" in March 2015.



Galasys will provide several platforms including a ticketing base system, online ticketing and kiosk module to Penang Hill Corporation and 3 years of after-sale services.





Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:



"The intention of Intelligent Tourism is to open up a whole new perspective in the leisure and entertainment industry in China. We are delighted therefore in securing our latest attraction site in Kanas Lake and we are confident the new concept of Intelligent Tourism will spur more opportunities for Galasys in the future.



Our solid footprint in China puts us in a great position to capitalize on the trend of integrating technology into the tourism industry. We are confident that the sealing of this partnership with the government of Xinjiang will lead to more contract wins with China in the future.



The Penang Hill Corporation contract win highlights our successful momentum in the ASEAN region as we expand and advance beyond our traditional theme park market. We remain confident in our plans for growth in Malaysia as well as the ASEAN region."

Galasys secures new contract
RNS
RNS Number : 2032Y
Galasys PLC
07 September 2015

7 September 2015





Galasys PLC

("Galasys" or "The Group")



Galasys secures contract with a new international theme park in Shanghai





Galasys PLC (AIM:GLS), a leading provider of solutions and services to the fast growing theme park industry in Asia, is pleased to announce a multi-year deal with Shanghai International Theme Park Company Limited and Shanghai International Theme Park Associated Facilities Company Limited to research, develop and manage a Third Party System Integrator platform which includes a Business-to-business General Admission module.



The arrangement will allow Galasys to license and customise its Intelligent Cloud Business-to-Business ("Cloud B2B") system as a Third Party System Integrator platform, working with travel agents for the sale of theme park and theatre admission tickets. The contract will run for five years and has a total value of approximately RMB 6.6 million (c.£660,000).



Commenting on the announcement, Mr. Sean Seah, Chief Executive of Galasys, said:



"This deal is a significant step for Galasys and bears testament of the standard of our products and services, further validating our ability to compete in international markets. We have again demonstrated our technical merit and continue to attract new and repeat business from reputable clients in China and South East Asia region."

Interim results for six months ended 30 June 2015
RNS
RNS Number : 3471Y
Galasys PLC
08 September 2015









8 September, 2015

Galasys PLC

("Galasys" or the "Group")



Interim Results for the six months ended 30 June 2015





Galasys PLC (AIM:GLS), a leading provider of solutions and services to the fast growing theme park industry in Asia, is pleased to announce its interim results for the six months ended 30 June 2015 (the "Period").



Financial Highlights

• Revenue for H1 2015 up 43% at RM23.48m (H1 2014: RM16.44m)

• Gross Profit up 54% at RM11.19m (H1 2014: RM7.26m)

• Profit Before Tax up 22% at RM6.13m (H1 2014: RM5.02m)

• Profit After Tax up 22% at RM5.27m (H1 2014: RM4.31m)

• EPS RM0.075 or 7.45sen (H1 2014: RM0.0825 or 8.25sen)

• Cash RM31.22m (H1 2014: RM13.05m)

• Repeat and recurring revenue 66% of sales



Operational Highlights

• Secured 48 new installed-sites in the first half of the year

• Awarded first contract by Silver Base Group for Yinji Water Park with a total value of c. RMB5m (c. £500K)

• Awarded additional contracts for Dalian Wanda's XiShuangbanna Theme Park and Kids Park

• Ventured into Intelligent Tourism with Xinjiang Province Tourism in China

• Secured Enchanted Kingdom as the first customer for its newly developed and launched Mobile Ticketing and Park Map & Navigation Apps

• Raised c. £3m through a placing with Beijing Shiji Information Technology Co., Ltd ("Shiji")

• Signed Collaboration Agreement with Shiji for cooperation in hospitality and leisure sector



Post Period End Highlights

• Awarded first multi-year contract by Shanghai International Theme Park Company Limited and Shanghai International Theme Park Associated Facilities Company Limited a total value for software and services of c. RMB6.6m (c. £660K)



Commenting on the announcement, Mr. Teh, Chairman of the Group, said:



"The Board is delighted with the Group's performance in the first six months of 2015. We have continued to win significant contracts from existing clients and also major new clients in China and South East Asia, including Yinji Water Park, Shiji and Xinjiang Province Tourism. Our business transformational plan is progressing well as we continue to build on CLOTATM and launched Galotas.com where our growth in the future will be more correlated to the number of visitors to the parks. We also brought Shiji on board as a significant strategic investor. We look forward to continued success in the second half of 2015."





Mr. Seah, Chief Executive, added:



"Galasys continues to show strong progress in the first half of the 2015 financial year. We have signed up an additional 48 new installed-sites in this period. Since the launch of CLOTATM in December 2014, we have managed to convert approximately 15% of all our installed sites as at 30 June 2015 and integrate them onto our CLOTATM platform, linking them to China's leading Online Travel Agencies (OTAs). Our sales pipeline is increasing and we expect further momentum as the Group continues to expand its market coverage in China and other Asian countries."

Galasys secures new contracts
RNS
RNS Number : 0728C
Galasys PLC
14 October 2015

14 October 2015



Galasys PLC

("Galasys" or "The Group")



Galasys secures new contracts with Mt. Yandang and Aerospace Theme Park





Galasys PLC (AIM:GLS), a leading provider of solutions and services to the fast growing theme park industry in Asia, is pleased to announce 2 new contract wins in China with a total value of c. GBP 505,000.



MT. YANDANG, ZHEJIANG

The contract with Zhejiang Shurong Travel Cultural Co., Ltd will see Galasys providing its e-ticketing platform and membership module with a total contract value of c. RMB 2.86 million (c. GBP 295,000) and 1-year after-sale services.



Yandang Mountains refers to a coastal mountain range in south eastern Zhejiang province in eastern China. With a total area of 450km2, there are over 500 scenic spots and 8 scenic zones including Lingfeng Peak, Lingyan Rock and Dalong Qiu Waterfall. Yandang Mountains became a member of Global Geoparks Network supported by UNESCO in 2005.



AEROSPACE THEME PARK

Galasys will be providing its e-ticketing platform and membership module with a total accumulative contract value of c. RMB 2 million (c. GBP 210,000).



Situated in Hebei province, China, 16,000m2 building on a 33,700m2 land, Aerospace Theme Park has 30 attractions within the park and it is only the world's second aerospace theme park. China's Ministry of Culture listed this theme park as one of China's "Key Cultural Industry Project in 2015". It is created to spur the interest of the people in China in the aerospace industry.



Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:

"We are delighted with these new contract wins, which mark another feather in the cap of Galasys and again demonstrates the quality of our products and services. We look forward to attracting more new and reputable businesses in China and South East Asia region while increasing sales with our existing customers."

Announcement RE Court Order
RNS
RNS Number : 5085E
Galasys PLC
04 November 2015



4 November 2015

Galasys PLC

("Galasys" or the "Company")

Announcement RE Court Order



The Company announces that Galasys and certain Directors have received a court order from the High Court in Kuala Lumpur (the "Court Order").



The Court Order, on an ex-parte basis, has been brought by Mr Hee Chee Keong and Mr Chin Chee Seong, (the "Plaintiffs") who contend that they should remain as Directors of the Company.



The Court Order requires that the two Plaintiffs are effectively reinstated to the Board of the Company, until a hearing proposed for 17 November.



Teh Kim Seng (Non-Executive Chairman), Vincent Lai Tak Yuen (Non-Executive Director) and Garry Peagam (Independent Non-Executive Director) are subject to the Court Order alongside the Company.



The Company is governed by Jersey law (its subsidiaries are governed by the laws of the countries of their incorporation) and the contracts for the Plaintiffs are governed by English laws, accordingly the validity of the Court Order is being investigated as a matter of urgency.



The Court Order has precipitated a disagreement between the Directors (excluding the Plaintiffs) as to the composition of, and roles within, the board. Having received conflicting legal advice to date, the Directors (excluding the Plaintiffs) have unanimously agreed to appoint an independent firm of solicitors to help them resolve the situation.



A further announcement will be made in due course.