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 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.