HONG KONG, April 20, 2018 /PRNewswire/ -- AGTech Holdings Limited ("AGTech" or the "Company", HKEX stock code: 08279), China's leading integrated lottery, games and entertainment technology company, congratulates the Federation of Card Games ("FCG") for becoming the 7th official member of the International Mind Sports Association ("IMSA"). As an avid supporter of the development of mind sports and an official partner of IMSA, AGTech has been dedicated to developing China's competition card games. In the future, AGTech will continue to lend our support and collaborate with FCG wherever possible, while growing our mind sports initiatives, fully integrating our online and offline resources and leveraging Alibaba's robust ecosystem, with the goal of growing card games to be a major recognized mind sport around the world.
John Sun, Chairman and Chief Executive Officer of AGTech, President of FCG, said, "FCG is honored to become a full member of IMSA. FCG strives to position itself as the most customer-centric, inclusive and modern organization while bringing more innovative, healthy and intelligent mind games to IMSA, SportAccord and the world, providing new strengths and ideas to the next stage development for IMSA."
Ms. Chen Zelan, Chairman of IMSA, Deputy Director of Board Games Management Center of General Administration of Sport of China, said, "IMSA is encouraged to witness the rapid growth and development of FCG in recent years. FCG has actively contributed to elevating the status of card games towards becoming an official mind sport. IMSA is excited to work with FCG to accelerate the healthy development for card games enthusiasts around the world."
FCG is an international card game association established by uniting multiple regional card game organizations. FCG is active in adding popular regional card games into the federation and establishing a standardized competition system and rules of the game. It aims to increase the diversity of the game by dividing it with types and grades, and establishing a global and authoritative ranking system. In addition, FCG cooperates with governments, card game organizations and companies in various countries on various ways to create a core tournament alliance with characteristics of intellectual sports, globalization, diversification and systematization.
Since the establishment of FCG, AGTech has proactively supported the federation to host various kinds of professional, fair and just card games sports, jointly developing card games towards mind sports. With FCG becoming a full member of IMSA, AGTech will fully utilize its online and offline resources and leverage Alibaba's robust ecosystem in helping IMSA build a popular and solid card game platform. In addition, AGTech will rely on the strong technological capabilities of Alibaba Group, our parent company, to realize safe, advanced and efficient operation of the platform, fully supporting the healthy and robust development of FCG.
Importantly, AGTech is the exclusive lottery platform for Alibaba Group. In recent years, Alibaba has continued to grow its global business platform through the intelligent use of cloud computing and big data technology. In 2017, Alibaba announced it had joined the Olympic Global Partner Program as an official partner of Cloud Services and E-commence Services as well as a founding partner of the Olympic Channel to provide funds, products, services, technology and human resources for future Olympic Games.
About AGTech Holdings Limited
AGTech was incorporated in Bermuda and its Shares are listed on GEM (Stock Code: 8279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and select international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group.
AGTech's businesses are broadly divided into two categories:
AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), an official organiser and operator of the competition card games Guan Dan and Two-on-One poker in China, and an official partner of the International Mind Sports Association (IMSA).
For more information, please visit www.agtech.com
