12.12.19December 12 , 2019, Ningxiang ——Digital Domain Holdings Limited (the “Group” or “Digital Domain”; stock code:547), one of the largest and most innovative providers of visual effects and virtual reality (VR) experiences, is pleased to announce that the first large-scale digital theme park- Digital Domain·Oasis  in the nation has officially started construction. The groundbreaking ceremony was held today in Tanhe Ancient City, Ningxiang City, Hunan Province. Ms. Peng Juan, Member of the Standing Committee of Ningxiang Municipal Committee and Minister of Publicity of the Municipal Party Committee, Mr. He Liquan, Deputy Mayor of Ningxiang People’s Government, Mr. Li Hezhao, Director of Ningxiang Investment Promotion Service Center, Mr. Liu Qingfeng, Chairman of Ningxiang Cultural Tourism Investment Co., Ltd., Mr. Daniel Seah, Executive Director and Chief Executive Officer of Digital Domain and Mr. Zhang Ling, Chief Executive Officer of Digital DomainSpace (Beijing) Media Technology Co., Ltd. (“Digital Domain Space”) attended the ceremony and delivered speeches.

Photo 1- The ground-breaking ceremony of the large-scale Digital Theme Park-Digital Domain·Oasis

Thislarge-scale digital theme park- Digital Domain · Oasis was created by Digital Domain and one of its subsidiaries- the entertainment and social platform-Digital Domain Space in cooperation with Ningxiang Cultural Tourism Investment Co., Ltd.  It aims to meet the increasingly diverse needs of consumers in the cultural and tourism field for content and experience models.Based on cutting-edge digital imaging technologies such as VR and holographic projection, this large-scale digital theme park will focus on constructing different digital entertainment projects such as holographic theaters, monster prisons, VR theaters, cyber blocks, etc. with an area of up to 8,800 square meters.

In recent years, relying on the active call of national policies, the cultural tourism industry has grown rapidly and gradually evolved into a large cultural tourism industry.Data from the National Tourism Administration show that in the next ten years, the scale of China’s cultural tourism market is expected to reach RMB 30-50 trillion; and it takes digital imaging technologies such as VR as the main development direction which is strongly supported and urgently needed by the market.In addition, the General Office of the State Council issued the “Opinions on Further Stimulating the Potential of Cultural and Tourism Consumption” in August 2019, stating that it is necessary to promote the integration of culture, tourism and modern technology, and develop a new generation of immersive experience culture and tourism consumption content related to 5G, ultra high definition, augmented reality (AR), VR, artificial intelligence (AI).

Mr. He Liquan, Deputy Mayor of Ningxiang People’s Government, said, “This large-scale digital theme park – Digital Domain · Oasis is located in the Tanhe Ancient City Scenic Area. It is only one road away from the Tanhe Scenic Area, with obvious location advantages and broad development prospects. It will definitely write a strong mark for the development of Ningxiang tourism industry. As a large-scale digital entertainment center integrating cutting-edge technology, hard-core sci-fi, cultural connotation and many other elements, it will become another landmark of cultural tourism and check-in hotspot of KOLs (Key Opinion Leaders)  in Ningxiang.

Mr. Daniel Seah, Executive Director and Chief Executive Officer of Digital Domain, said, “Digital Domain Space is an important strategic component of Digital Doman to deploy a consumer market, being a first-mover advantage in the distribution channel of VR content, Digital Domain Space can form a synergistic effect with Digital Domain’s 26 years of business experience and technological innovation in Hollywood and the Greater China market. Facing the cultural and travel industry that is ushering in a new era of immersion and experience, comparing to the traditional theme park presentation form, thislarge-scale digital theme park- Digital Domain · Oasiswill break through the constraints of time and space and create an unprecedented dimension of experience for consumers.”

The large-scale digital theme park – Digital Domain · Oasis is planned to be officially operated in 2020.

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About Digital Domain

Digital Domain creates transportive experiences that entertain, inform and inspire. Throughout the last quarter of a century, the studio has grown to lead the visual effects industry, expanding globally into digital humans, virtual production, previsualization and virtual reality, and adding commercials, game cinematics and episodics to the robust film roster. Digital Domain’s rich legacy consists of hundreds of blockbuster feature films for every major studio and thousands of commercials, music videos, game cinematics and digital content by world-renowned directors and brands.

A creative force in visual effects and premium content, Digital Domain and its predecessor entities have brought artistry and technology to films including Titanic,The Curious Case of Benjamin Button and blockbusters Avengers: Infinity Warand Ready Player One. Staff artists have won more than 100 major awards, including Academy Awards, Clios, BAFTA awards and Cannes Lions.

Digital Domain has successfully become the first independent visual effects studio to enter Greater China. In 2017, Digital Domain launched in Hyderabad. In 2018, Digital Domain acquired one of China’s VR hardware equipment pioneers and leaders – VR Technology Holdings Ltd, Shenzhen（“3Glasses”).

Digital Domain has locations in Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Shenzhen, Hong Kong, Taipei and Hyderabad. Digital Domain Holdings Limited is listed on the Hong Kong Stock Exchange (stock code: 547).

Digital Domain: www.digitaldomain.com