Investor Relations

Hong Kong, November 11, 2024 — Digital Domain Holdings Limited (“Digital Domain” or the “Company”, Stock Code: 547), a global leader in visual effects and transformative experiences, today announced its establishment of a sponsored Level 1 American Depositary Receipt (“ADR”) Programme (“Programme”) with The Bank of New York Mellon (BNY Mellon), which became effective.

An ADR is a negotiable receipt, resembling a stock certificate that is issued by a United States of America (“US”) depositary bank appointed by the Company to evidence one or more American Depositary Shares (“ADSs”), each of which represents five hundred (500) ordinary shares of the Company.

Under the Programme adopted by the Company, the ADRs will be issued against ordinary shares trading on the Main Board of The Stock Exchange of Hong Kong Limited that have been deposited with a custodian bank under the Programme.

Under the Programme, the owners and holders of ADSs have the same rights to dividends and distributions and voting powers as the holders of ordinary shares of the Company subject, however, to enforcement procedures provided in the Deposit Agreement entered into by and among BNY Mellon, as the depositary, the Company and the owners and holders of ADSs.

The number of ADSs registered by the Company under the Programme is 300,000,000 ADSs. The establishment of the Programme by the Company is not a new offering of shares and the ADRs are based on the shares of the Company currently in issue. Therefore, the Company receives no proceeds from the establishment of the Programme.

“We are very excited about this ADR program as it has broad appeal among US institutions and will enable Digital Domain to proceed on its path of gaining high accessibility to the US capital markets,” says Seah Ang, CEO and Chairman of the Board of the Company. “The availability of ADRs in the US is expected to generate significant interest among US investors that can lead to an increase in shareholder value as the Company continues to execute on its strategy of becoming a US-based entity.”

The Company has selected BNY Mellon as the nominated depository bank. The Programme operates in accordance with the Deposit Agreement filed with the U.S. Securities and Exchange Commission under Form F-6, available at https://www.sec.gov/Archives/edgar/data/1201935/000101915524000280/digitalf6.htm.

Hong Kong, November 1, 2024 — Digital Domain Holdings Limited (“Digital Domain” or the “Company”, stock code: 547), a global leader in visual effects and transformative experiences, recognized for nearly two decades of pioneering work in the virtual human space, today announced the appointment of Mr. Henry HOOI Hing Lee (“Mr. HOOI”) as non-executive director and chief strategic advisor of Digital Domain, effective from November 1, 2024. This appointment reflects Digital Domain’s emphasis on and commitment to the overall operations, development, and long-term growth.

Mr. HOOI has over 31 years of professional experience in the finance industry, having held various roles in business and operational management at major banks and financial institutions across Hong Kong, Australia and Singapore. He is also the founder of pH Capital Limited, an impact investment company. Additionally, he is an independent non-executive director of a HKSE listed Frontier Services Group Limited.

With his formal appointment as a non-executive director, he will also advise on the Company’s strategy in leveraging the Company’s proprietary AI enabled technologies to expand beyond entertainment.
Mr. Daniel SEAH, Chairman and CEO of Digital Domain, stated, “Given rapid developments of AI, although challenges exist, the opportunities are even greater. Leveraging our industry leading technological experiences and incessant drive to innovate, we aim to shape the future in order to stay ahead in the industry. With Mr. HOOI’s extensive knowledge and experiences, we look forward to his guidance in driving business developments and long-term growth at Digital Domain.”

Mr. HOOI stated, “In a rapidly changing global environment, I hope to bring my experiences and industry insights to help drive growth for Digital Domain. I am humbled to be a member of the board and look forward to working closely with the board and management team to create value on a sustainable basis.”

Hong Kong, October 4, 2024 — Digital Domain Holdings Limited (“Digital Domain”, stock code: 547), a global leader in visual effects and transformative experiences, recognized for nearly two decades of pioneering work in the virtual human space, today announced its collaboration with Amazon Web Services (AWS) to migrate its Autonomous Virtual Human (AVH) technology to the cloud. This collaboration, leveraging AWS’s advanced cloud infrastructure and generative AI and machine learning (ML) services, aims to propel the evolution and global reach of Digital Domain’s AVH technology and expand its use for multiple industries, including entertainment, gaming, healthcare, hospitality, and commercial applications.

As the innovator behind Zoey, the groundbreaking virtual human introduced in 2022, this collaboration marks a significant milestone for Digital Domain. AWS’s cloud services, particularly Amazon Bedrock, provide the necessary adaptability to drive AVH’s growth. With its high-performing foundation models, Amazon Bedrock significantly enhances virtual humans’ capabilities in real-time interactions. Additionally, Digital Domain is using Amazon Polly to help enhance voice outputs, and is considering using Amazon Rekognition for facial recognition and video-based services. AWS’s robust security and compliance features will safeguard Digital Domain’s data, reinforcing the integrity and scalability of the AVH platform. Through a successful partnership with Slalom, a leading technology consulting firm, Digital Domain has efficiently transitioned all AVH workloads to AWS in just nine months, enabling the company to scale AVH technology to meet the burgeoning global demand for real-time, AI-powered customer interactions.

By leveraging AWS’s cloud infrastructure, Digital Domain will unlock the flexibility, efficiency, and performance necessary to expand AVH capabilities. This scalability not only ensures a promising future for AVH technology but also opens up a world of exciting possibilities for its growth. By moving to the cloud, Digital Domain can offer AVH technology with greater speed, reliability, and cost efficiency, allowing clients in hospitality, entertainment, healthcare, and other business sectors to integrate these advanced digital humans into their operations seamlessly. This global accessibility means businesses worldwide can harness AVH technology to deliver personalized, real-time interactions at scale, enhancing customer service, boosting engagement, and elevating brand experiences. Whether it’s offering virtual concierge services, interactive customer support, or immersive storytelling, businesses can now more easily tap into this potent technology, adapting it to their unique needs and enhancing their operations.

“This collaboration with AWS marks a significant milestone for Digital Domain and our ambitions in virtualhuman technology,” said Daniel Seah, CEO of Digital Domain. “By migrating our Autonomous Virtual Human technology to the cloud, we are not only enhancing its scalability and performance but also expanding its accessibility to a global audience. AWS’s involvement is instrumental in pushing the boundaries of what’s possible, enabling us to create even more immersive and interactive experiences for our clients and their audiences. This collaboration will also allow us to establish new industry standards in the hospitality and travel sectors worldwide with our partnership with Plaza Premium Group, one of the largest independently run pay-in lounge operations in airports globally.”

“We are thrilled to collaborate with Digital Domain in this transformative journey to the cloud,” said Samira Bakhtiar, General Manager of Media & Entertainment, Games, and Sports at AWS. “As virtual humans play a larger role across industries to engage directly with customers, Digital Domain is ensuring that everyone has access to its visionary AVH technology by combining it with the most secure, extensive, and reliable global cloud infrastructure, as well as AWS’s generative AI and ML services. We look forward to working with Digital Domain to further expand AVH’s capabilities and bring virtual humans to more AWS customers.”

Digital Domain’s AVH technology represents a leap forward in creating lifelike virtual humans capable of real-time interaction. Through this collaboration with AWS and the use of advanced AI and ML tools, Digital Domain is set to redefine the standards of virtual human experiences, unlocking new possibilities in storytelling, customer engagement, and interactive entertainment.

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ABOUT DIGITAL DOMAIN

Digital Domain is a pioneer in creating transportive experiences. Over the past 30 years, Digital Domain has grown to lead the visual effects industry, expanding the arm of virtual humans and visualization globally. Digital Domain’s rich legacy comprises hundreds of feature films and episodes, thousands of advertisements, game cinematics, and experimental immersive experiences. A creative force in cutting-edge technologies, Digital Domain has brought exceptional artistry to Academy Award-winning blockbusters of Titanic, What Dreams May Come, and The Curious Case of Benjamin Button. Marvel Cinematic Universe titles crushed all-time worldwide box office, such as the Avengers franchise, and Stranger Things made a splash with Season IV.

Digital Domain stands as a trailblazer, achieving the remarkable distinction of being the first independent visual effects studio. Since 2016, the company has charted a pioneering course into the realms of virtual reality technology and artificial intelligence, revolutionizing the creation of emotionally expressive and photorealistic virtual humans in real-time.

Digital Domain is listed on the Hong Kong Stock Exchange (Stock code: 547) and is headquartered in Hong Kong. Digital Domain maintains operations in multiple cities including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Hyderabad, and more. For more information, visit the official website – www.digitaldomain.com.

For more information about Digital Domain’s AVH technology and its collaboration with AWS, please visit www.digitaldomain.com.

Media contact: pr@ddhl.com

Digital Domain Obtains Distribution Rights of XPG Products in Greater China and the Americas

Hong Kong, August 8, 2024 – Digital Domain Holdings Limited (“Digital Domain”, stock code: 547), a global leader in Hollywood VFX and AI virtual human development technologies, announced a partnership with XPG, the gaming lifestyle brand under ADATA, a global leader in DRAM modules and flash memory. Digital Domain will obtain distribution rights for XPG products in Greater China and the Americas while both companies are set to collaborate with the intention of ushering in new milestones in industries such as gaming, fashion, film & television, and other forms of digital entertainment.

Today (August 8), both ADATA Chairman, Mr. Simon Chen, and Digital Domain CEO, Mr. Daniel Seah, attended a joint press conference to announce a greater partnership between the two companies. After the unveiling of XPG’s brand ambassador, Mera, as an AI virtual human, developed in collaboration with Digital Domain for COMPUTEX 2024, Mr. Chen saw the potential of leveraging the advantages of Digital Domain in the global entertainment industry to comprehensively advance XPG’s gaming products. Additionally, Mera will continue to evolve with the help of Digital Domain’s future advancements in AI virtual human applications. The partnership between two behemoths in their respective industries will undoubtedly pioneer the next phase of entertainment experiences in the era of AI.

Digital Domain Connects ADATA to the Global Entertainment Industry

ADATA’s gaming lifestyle brand, XPG, has strived to surpass industry boundaries by consistently launching innovative products and services that allow players to enjoy new and fantastic gaming experiences. ADATA’s pursuit of innovation and facilitation of the ultimate entertainment experience coincides with the principles and technological advantages held by Digital Domain. A partnership between these companies will unlock never-before-seen potential for products and applications across a wide spectrum of markets and industries. With more than 30 years of experience in Hollywood entertainment, Digital Domain has participated in the production of several hundred films and TV series as well as thousands of commercials, video games, and both experimental and immersive experiences. Through the fields of VFX, AI virtual humans, and digital visualization, Digital Domain has achieved global recognition and an incomparable foundation of highly competitive technologies, skills, creative minds, and connections to the largest entertainment IPs in the world.

Mr. Chen expressed his positive outlook on Digital Domain’s strong portfolio and broad range of clients with the following statement:

“I’m very excited about the broad, diverse operational benefits this partnership with Digital Domain will bring to ADATA. In addition to greater sales performance for XPG in Greater China and the Americas, we look forward to an expanded partnership in the future to drive powerful growth and profitability for our family of companies.”

ADATA to Assist Digital Domain with Technology Implementation

After recognizing AI virtual humans as an indispensable factor in the next phase of entertainment, Digital Domain has taken the strategic initiative by iterating the AI virtual human implementation process through real-time capturing and rendering to drive rich emotional expressivity and interaction in digital characters. This achievement has allowed Digital Domain to expand applications outside the silver screen into fields such as video game development, travel, education, and financial services. Through partnership with ADATA, this technology will be further expanded and integrated through both gaming hardware and service software applications.

During today’s press conference, the AI virtual human version of Mera, XPG’s brand ambassador, jointly developed by Digital Domain and ADATA originally for COMPUTEX 2024, participated in the event to demonstrate innovative AI integration with virtual human technology through real-time crowd interaction. Staying true to the theme of “Entering a New Domain of Gaming Lifestyle,” ADATA’s future products can be expected to offer breakthrough innovative experiences through AI virtual assistants and AI partners in both hardware and software products to revolutionize the gaming experience.

Digital Domain CEO, Mr. Daniel Seah, stated:

“Digital Domain strives to innovate and expand the diverse applications and business models of AI virtual humans. The era of AI application across sectors is upon us and it is an honor to partner with ADATA for the opportunity to integrate the technological breakthroughs that both companies have made in software and hardware. With Digital Domain’s capabilities and connections in licensing IP from Hollywood, products from ADATA and XPG will enjoy revolutionary innovation as well as support Digital Domain in the implementation of AI virtual human technology.”

Renowned producer and actress, Ms. Ruby Lin, veteran TV writer and producer, Mr. Wang Wei-zhong, and Vice Chairman and fashion tastemaker, Mrs. Teresa Chen, of Eelin Entertainment were also in attendance to show support of the meaningful partnership. Both companies also announced ADATA’s authorization of Digital Domain to distribute XPG products in Greater China and the Americas to develop new markets and fields across sectors. Both companies will leverage the partnership and work closely in the future to integrate tech innovations in AI, software, and hardware into industries such as immersive entertainment, gaming, film & television, and fashion to pioneer the ultimate entertainment experiences in the era of AI.

Hong Kong, 24th July, 2024 — Digital Domain Holding Limited (“Digital Domain”, stock code: 547), a global leader in Hollywood visual effects, is announcing the establishment of a state-of-the-art Research & Development (R&D) Center in Hong Kong Science Park at the “Digital Domain lands in Hong Kong Science Park” launching ceremony. Leveraging virtual human technology to transform entertainment industry, Digital Domain will join forces with Hong Kong Science & Technology Parks Corporation (HKSTP) to lead innovation and set new industry standards.

The R&D Center will serve as a hub for collaboration, attracting top talent from around the globe and fostering partnerships with leading academic institutions, industry experts, and technology innovators, shaping the future of digital entertainment, life and culture, as well as innovation and technology industries, and advancing the creative frontier through uniting diverse expertise and cutting-edge technology in different aspects, including:

1. Virtual Human (VH): Developing an advanced AI-driven virtual human that can engage in natural and complex interactions to enhance the user experience in service-oriented environments. This interaction will introduce a brand-new concept that highlights the potential of AI-powered virtual human hospitality services for travelers to interact with in the near future.
2. Visual Effects (VFX): Utilizing AI technology to create more dynamic, cost-effective, and high-quality visual effects for the production of films, TV series, and commercial advertisements.
3. AI-Powered Video Production (AVP): Developing innovative tools that leverage AI to produce 3D asset-based video content, in order to streamline the content creation workflow in media production.

At the launch ceremony, honored guests, including Professor Dong SUN, JP, the Secretary for Innovation, Technology and Industry; Dr GE Ming, the Commissioner for Industry (Innovation and Technology); Mr. Albert WONG, the CEO of the Hong Kong Science and Technology Parks Corporation; and Mr. Daniel SEAH, the CEO of Digital Domain, attended the event. To showcase the innovation of AI technology during the launch ceremony, Digital Domain invited a special guest, Virtual Human Teresa Teng to the event for a real-time interactive dialogue with Prof. Dong SUN, JP.

Professor Dong SUN, JP, Secretary for Innovation, Technology and Industry shared at the ceremony, “As we know, AI has revolutionised the film and entertainment industry, transforming film-making, visual effects, and animation. Digital Domain is a testament to this, with its groundbreaking use of AI technology as a tool for better storytelling and immersion.  By harnessing the power of AI, we can create truly exceptional products that push the boundaries of imagination. This is the future we envision for the film and entertainment industry, where humans and AI work hand-in-hand to create unforgettable experiences. The Hong Kong Government has been well-prepared for both the opportunities and challenges brought by AI revolution. We are dedicated to supporting the AI industry, along with other I&T industries of strategic importance, to develop in Hong Kong.”

Digital Domain Establishes an International R&D Center to Strengthen Hong Kong’s Status as the “Oriental Hollywood”

With over 30 years of development experience, Digital Domain has been involved in the production of hundreds of films and TV series, thousands of commercials, game visuals, as well as experimental and immersive experiences. By combining with deep learning and virtual reality technologies, Digital Domain has iterated the construction process of AI virtual humans to create digital characters with emotional expressiveness and interactive capabilities. By driving the prosperous development of “Made in Hong Kong” films, Digital Domain aims to further strengthen Hong Kong’s status as the “Oriental Hollywood”. In addition, Digital Domain also plans to extend the breakthrough of AI Virtual Human technology beyond the big screen. Leveraging AI virtual humans to transcend the limitations of language, geography, and time, it will promote and apply this technology across four key areas: the banking industry, the education sector, the elderly care industry, and the tourism industry.

Aligning with the objectives outlined in the 14th Five-Year Plan, which aims to establish Hong Kong as an “Eight Centres” city (including as an international innovation and technology centre as well as being an East-meets-West centre for international cultural exchange), Hong Kong plays a vital role helping enterprises in “Bring-in” and “Go-global”. It presents favorable conditions for Digital Domain rooting in Hong Kong as a base to gather talents from the Greater Bay Area and globally. Mr. Daniel SEAH, CEO of Digital Domain, stated, “Hong Kong is a vibrant city with a diverse culture. As an international financial center and a global trade hub, Hong Kong attracts a wide range of cultures and influences from around the world. This unique blend of East and West fosters a thriving creative ecosystem, driving development of industries including entertainment, culture, and technology-driven lifestyle innovation. The goal is to further strengthen Hong Kong’s position as the ‘Oriental Hollywood’ and explore even more innovative frontiers.”

Expanding R&D Scale by Recruiting Local and Overseas Talents to Accelerate the Development of Hong Kong’s Entertainment and Creative Technology Industries

As the largest innovation and technology (I&T) ecosystem in Hong Kong, HKSTP is home to more than 14,000 research professionals and 1,800 tech ventures from around the world, with a strong network of over a thousand investors. HKSTP strives to recruit and nurture I&T talents through a series of initiatives, such as the “Technology Leaders of Tomorrow” programme and the “I&T Career Expo”, to support tech ventures in offering world-class research infrastructure, professional guidance and developing investment networks to promote collaboration. HKSTP will continue to act as a super-connector in the industry, helping Digital Domain to expand its R&D teams and strengthen the local talent pool while driving the innovative development among entertainment and cross-industry.

With the support of HKSTP, Digital Domain plans to invest approximately HK$204 million by the end of 2029 to recruit and develop over 40 professional talents, in order to expand its team. Through continuous talent recruitment, Digital Domain aims to further develop technologies of AI virtual humans, visual effects, and AI-powered video production as well as file a total of 5 patent applications in Hong Kong to promote technological innovation and intellectual property protection. This will contribute to the commercialization of AI virtual human, visual effects, and AI-powered video production in Hong Kong. Meanwhile, Digital Domain also helps push forward Hong Kong to become an international hub for AI and AI virtual human technology R&D. Looking ahead, Digital Domain hopes to leverage the R&D of innovative technologies in Hong Kong to apply these technologies to the local entertainment industry. This will create more internationally-renowned entertainment experiences for Hong Kong citizens, and attract more overseas visitors to the city, thereby supporting the development of Hong Kong’s tourism industry.