To the press and whom it may concern No.17-035 March 24, 2017 Atago Green Hills Mori Tower 19th Floor 2-5-1 Atago, Minato Ward, Tokyo Evolable Asia Corp. CEO Hideki Yoshimura ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Our Vietnamese Entity, Evolable Asia Co., Ltd., establish a joint venture, “Dentsu Techno Camp,” with Dentsu Inc. to offer IT offshore development solutions from our group. ----------------------------------------------------------------------------------------------------------------------------------------------------------------Evolable Asia Corp. (Head Office: Minato Ward, Tokyo, CEO: Hideki Yoshimura, Stock Code: 6191, hereinafter referred to as the “Company”) with businesses in online travel, tourism in Japan, and IT offshore development around Asia with a corporate philosophy of One Asia had its Vietnamese branch, Evolable Asia Co., Ltd. (Head Office: Ho Chi Minh, Vietnam, CEO: Yusa Sol), establish a joint venture, “Dentsu Techno Camp Co., Ltd.” (Head office: Ho Chi Minh, hereinafter referred to as “Dentsu Techno Camp”), with Dentsu Inc. (Head Office: Minato Ward, Tokyo, Senior Executive Vice President : Shoichi Nakamoto, Stock Code: 4324, hereinafter referred to as “Dentsu”). Its operation is scheduled to start on April 1, 2017. Dentsu Techno Camp was co-founded by the Company’s Vietnamese branch which has expertise in IT offshore development in Vietnam to strengthen and expand solution development and operation system of Dentsu in the field of digital marketing aimed at the Japanese market. The Vietnamese branch will be offering IT offshore development solutions to Dentsu Techno Camp. Evolable Asia Co., Ltd. Dentsu Inc. 10% Development 90% Development share solution share & Operation ■ Background of joint venture establishment (Dentsu Techno Camp) and envisioned contents of development With the increase of business chances in a growing market of digital marketing, the need for digital technology development has increased. Specifically, to meet the increasing needs regarding various solutions for websites, systems and smartphone applications, integrated services consisting of service design, the creation of screen specifications, designing, coding, image processing, and verification is in demand. Contact us for further information Evolable Asia Corp. CFO Yusuke Shibata Tel: 03-3431-6191 FAX: 03-3431-6192 Mail: [email protected] In such market environment, Dentsu took measures to tackle the latest technology in the field of digital marketing aimed at the domestic market, and pursued to strengthen and expand efficient and stable solution development and operation system. Dentsu’s pursuit to strengthen the development and operation in the field of digital marketing matched the Company group’s vision to provide more extensive services in Vietnam, and thus a joint venture was co-founded to exchange know-how and resources. ■ The provision of IT offshore development solutions from the Company group The Company’s entity in Vietnam, Evolable Asia Co., Ltd., has the most extensive IT offshore development platform and development know-how among Japanese-affiliated companies in Vietnam and is planning on offering IT offshore development solutions of the Company group to the newly established Dentsu Techno Camp. By forming alliances with the new company, “Dentsu Techno Camp,” and Dentsu, the Company group will be offering services to strengthen Dentsu’s competitiveness and provide more extensive value-added services in the digital marketing field. Evolable Asia Co., Ltd. will also pursue further business expansion and development. ■ Overview of the new company (Dentsu Techno Camp Co., Ltd.) Company Name : Dentsu Techno Camp Co., Ltd. URL : dentsu-tc.com Address : 9F Saigon Finance Center, 9 Dinh Tien Hoang Street, District 1, HCMC Company Representative : President & CEO Yuichi Arai (current Dentsu Digital Inc.) Shareholders : Dentsu 90%, Evolable Asia Co., Ltd. 10% Capital : JPY 200 million yen ■ Effects on our sales performance There will be no changes in the September 2017 financial projections that we presented on November 14, 2016. If there are any changes, we will inform you as soon as possible. [Dentsu Inc.] Head Office : 1-8-1 Higashi Shinbashi, Minato Ward, Tokyo Company Name : Dentsu Inc. Company Representative : Senior Executive Vice President & CFO: Shoichi Nakamoto Capital : JPY 74,609 million yen URL : http://www.dentsu.co.jp/ [Evolable Asia Co., Ltd.] Head Office : 4F Saigon Finance Center, 9 Dinh Tien Hoang Street, District 1, HCMC Company Name : Evolable Asia Co., Ltd. Company Representative : CEO Yusa Sol Capital : USD 200,000 Major Shareholders : Evolable Asia Corp., Soltec Investments Pte., Ltd. URL : http://evolable.asia/ Contact us for further information Evolable Asia Corp. CFO Yusuke Shibata Tel: 03-3431-6191 FAX: 03-3431-6192 Mail: [email protected] [Evolable Asia Corp.] Head Office : Atago Green Hills Mori Tower 19th Floor, 2-5-1 Atago, Minato Ward, Tokyo Company Name : Evolable Asia Corp. Company Representative : CEO Hideki Yoshimura Capital : JPY 1,019 million yen (Paid-in Capital: JPY 1,844 million yen) URL : http://www.evolableasia.com/ [Our Services] General Travel Service Platform AirTrip : https://www.airtrip.jp/ International Flight Tickets AirTrip : https://overseas.airtrip.jp Travel Website TRIP STAR : http://japanflight.tripstar.co.jp/ Domestic Flight Booking Website soratabi.com : http://www.soratabi.com/ Business Travel Management (BTM) : http://www.evolableasia.com/service/btm.html IT Offshore Development : http://offshore.evolableasia.com/ [Our IR Website] : http://www.evolableasia.com/ir/ Contact us for further information Evolable Asia Corp. CFO Yusuke Shibata Tel: 03-3431-6191 FAX: 03-3431-6192 Mail: [email protected]
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