The Group’s business was started in 2005 with Galasys Suzhou providing ticketing management systems to Chimelong Group at its Guangzhou site and OCT Group at its Happy Valley sites in Beijing. In 2010, Galasys Solutions, a software solutions and services provider operating in Malaysia, merged with Galasys Technologies, the Hong Kong registered holding company of Galasys Suzhou and the core of the Group’s business was formed.

On 27 December 2013, the Group completed the acquisition of Galasys GLT, a Malaysian company which primarily designs and sells self-service kiosks and ticketing vending machines, and on 27 December 2013, the shareholdings in Galasys Solutions and Galasys Technologies, were consolidated under one BVI registered holding company, Galasys Holdings.

For the purposes of the Group’s admission to AIM, a new Jersey holding company, Galasys plc, was incorporated on 23 January 2014, which now owns the entire issued share capital of Galasys Holdings. Furthermore, to facilitate the Group’s operations in the UK, as well as assist with the proposed expansion across Europe, a UK branch of the Company was established on 19 February 2014.

The Group is now an Amusement Park solutions and services provider that supplies ticketing management systems and services to Amusement Parks.

The Company was incorporated in Jersey under the Jersey Companies Law on 23 January 2014 as a public no par value company limited by shares. The Company is registered under the name “Galasys plc” under number 114827.

The Company is a holding company and its principal activity is the holding of investment in its subsidiaries. The Group is an Amusement Park solutions and services provider that provides information technology solutions and management services to Amusement Park operators in Asia.

As at the date of this Document and on Admission, the Company has and will have the following subsidiary undertakings, all of which are directly or indirectly wholly owned:

Name of Subsidiary Company Number Date and place of incorporation Ownership / interest Principal activities
Galasys Technologies (HK) Limited 1353885 20 July 2009
Hong Kong
100% Investment holding company
Galasys Global (Suzhou) Co. Limited 3205944400011336 28 February 2005
PRC
100% Software design and development, sale of software
products of the company and provision of consulting and after-sale services and software services.
Galasys Solutions (Beijing) Co. Limited 110000450284860 20 April 2015
PRC
100%

Software design and development, sale of software products of the company and provision of consulting and after-sale services and software services.

Galasys Solutions (MSC) Sdn. Bhd. 869033-A 19 August 2009
Malaysia
100% Software development and maintenance with a specific
focus on software relating to
theme park visitor admittance
Galasys GLT Sdn. Bhd. 641433-U 6 February 2004
Malaysia
100% Engaged in production, supplying, distribution of self-service kiosks and other computer related accessories and provide a wide range of business communication solutions.
I Logic Solutions Sdn. Bhd. 892019-A 8 March 2010
Malaysia
100%

Software development and maintenance with a specific focus on software relating to amusement industry

Galasys Solutions (UK) Limited 9087331 16 June 2014
UK
100%

Software development and maintenance with a specific focus on software relating to amusement industry