Category: Finance

Counting down 21 days, top-level globalization summit to be held in Shanghai

The EqualOcean Summit for Globalization 2022 (ESG 2022) will be held in Shanghai on November 8 during the 5th China International Import Expo (CIIE), by the globalization think tank EqualOcean. The Summit will focus on the third generation of global entrepreneurs and respond to China’s promotion of high-level opening up from the perspective of industry research.

ESG 2022 will be the first cross-boundary communication platform for entrepreneurs, investors, scholars, and diplomats. It is of special significance to hold high-level market-driven activities during the CIIE.

Other highlights include:

  • The “2022 China Brand Globalization Index Report” will be released, and the “Global Brand 100” will be announced;
  • The “Chinese Brand Globalization Resource Handbook 2022” will be released, and representative service providers in each field will be promoted;
  • “50 Global Young Leaders in China’s globalization” and “50 Global Leaders in China’s globalization ” will be released to express a new voice of the global generation;
  • Senior diplomats and well-known scholars of international relations will attend and give macro guidance to global entrepreneurs;
  • Representative enterprises from the industry chain will be present at the seminar, covering ecosystems of globalization, and insightful communication and links will be made on-site.

Some of the confirmed guests include: Lin Minwang, professor at the Institute of International Studies of Fudan University and expert in Indian issues; Li Wei, professor at Renmin University of China and expert in United States issues; Xu Liping, researcher at the Chinese Academy of Social Sciences and expert in Southeast Asia issues; Sun Degang, professor from the Institute of International Studies of Fudan University, also an expert in Middle East issues; Wang Guanchun, founder of LAIYE Technology; Hao Yusheng, chief representative of NASDAQ China; Song Xiangqian, chairman of Harvest Capital; Li Feng, founding partner of FREES FUND Capital; Jiang Shun, partner of INCAPITAL; Shu Chang, vice-chairman of China Youth Entrepreneurs Association; Pei Yigen, vice-chairman of Shanghai Service Federation; Zhang Peng, executive chairman of Beijing Youth Entrepreneurs Association; and Wen Jing, assistant researcher, Center for International Strategy and Security (CISS), Tsinghua University, among others.

ESG 2022’s strategic partner, Wu Jianmin Public Welfare Foundation, will coordinate several senior diplomats to attend the summit and hold a closed-door panel to give macro-level guidance to entrepreneurs who are going for globalization/going overseas.

ESG 2022 will invite representative platforms, consumer brands, and technology companies in globalization field, including Alibaba International, AliExpress, Amazon, TikTok, AliCloud, Meta, Anker Innovation, NIO, Geek+, NEIWAI, XAG Technology, Rokid, ninebot, moody, PatPat, Cyclone-robotics, dreame, Ecoflow, Westwell Technology, RENOGY, Roborock Technology, Insta360, CooHom, Jushuitan ERP, Muzen Radio, 42Verse, and others.

In addition, the most representative venture capital firms and financial advisory firms in the globalization direction will be invited, including SEQUOIA Capital, Gaorong Capital, 5Y Capital, Blue Lake Capital, Yunqi Partners, Fosun RZ Capital, eWTP Arabia Capital, LightHouse Capital, Index Capital, Yiren Capital, Foresight Capital, Wavierider Capital, and others.

ESG 2022 Agenda
— 9:15-9:30/ Government Official’s Address
— 9:30-9:50/ Report release: The 2022 China Brand Globalization Index Report
— 9:50-10:00/ Launch ceremony: Alliance for China’s Brands and Globalization & Brand Globalization Intellects
— 10:00-10:45/ Roundtable: China’s Globalization Strategy Outlook
— 10:45-11:30/ Roundtable: Crosstalk of a Global-born Generation
— 11:30-12:15/ Roundtable: Opportunities for China’s Brands to Go Global – Observations from Diplomats
— 12:15-12:20/ Award session 1: 50 Global Leaders in China’s globalization
— 12:20-13:50/ Lunch Break
— 14:30-14:20/ Keynote: Opportunities and Challenges for China in the Next 10 Years
— 14:20-15:05/ Roundtable: How to Build a Global Brand
— 15:05-15:25/ Keynote: Forging China’s Global Brands
— 15:25-16:10/ Roundtable: Entrepreneurship Across Continents
— 16:10-16:30/ Keynote: Infrastructure for Globalization
— 16:30-17:15/ Roundtable: Service Providers on Building a Global Brand
— 17:15-17:35/ Keynote: Investors’ View: Business and Investment Opportunities in the Tide of Globalization
— 17:35-17:40/ Award session 2: TOP Investment Institutions/FA/Service Providers for China’s Globalization

This event will be held during the fifth China International Import Expo (CIIE), where national leaders, government officials, and diplomats from various countries and management from famous enterprises from home and abroad will gather in Shanghai. ESG 2022 will take advantage of the CIIE to raise the voice of the third generation of global entrepreneurs and respond to the national construction of high-level opening up from our perspectives. We cordially invite entrepreneurs, investors and representatives from all segments of the industry, who are interested in the direction of globalization/going abroad, to come to Shanghai on November 8 to participate and witness together.

About ESG 2022 and EqualOcean
EqualOcean Summit For Globalization 2022, known as ESG 2022, is positioned as a top-level industry conference that brings together the third generation of global entrepreneurs and global brands. ESG 2022 will be held in Shanghai on November 8, 2022 during the fifth China International Import Expo (CIIE), and will include not only the most representative global entrepreneurs, brand leaders and investors, but also government representatives, academics, diplomats in China and representatives of international organizations. ESG 2022 will release “2022 China Brand Globalization Index Report”, “2022 China Brand Globalization Resource Handbook 2022 Edition”, “2022 China 50 Young Leaders in Globalization”, “2022 China 50 Leaders in Globalization”.

Founded in November 2018, EqualOcean is a business information platform and think tank that focuses on Chinese brands going global and on helping overseas investors or organizations to grasp China’s development opportunities. For clients from China, EqualOcean provides macro political and economic analysis, overseas market and industry research, brand international makeup photos, overseas resource building, among others. EqualOcean has both Chinese and English websites, and is one of the very few organizations in China with the ability to write in-depth reports in English.

EqualOcean’s global partners include Bloomberg Terminal, Refinitiv, SeekingAlpha, Nasdaq, ACN Newswire, SeaPRwire and other platforms. EqualOcean’s business analysts are frequently interviewed by Wall Street Journal, New York Times, Financial Times, SCMP and other well-known media outlets.

ESG 2022 is now in the process of registration. For more information please visit EqualOcean’s website. If you have any questions about ESG 2022, please feel free to contact us at our WeChat official account or via LinkedIn (EqualOcean).

Media contact
Email address: lena@equalocean.com
Official website: https://equalocean.com

Kitchen Culture Rejects Requisition to Remove 5 Directors, Sharply Criticises Major Shareholder OOWAY Group for Factual Inaccuracies and Mischaracterisations to the Media

The Board of Directors (the Board) of Kitchen Culture Holdings Ltd. (Kitchen Culture or the Company) today rejected a requisition to remove 5 of its 6 directors, and sharply criticised its largest shareholder, OOWAY Group Ltd. (OOWAY), for conveying to the media factual inaccuracies and mischaracterising recent events.

The Board, with the exception of Madam Hao Dongting (Mdm Hao), said that there are no grounds to justify the resignations. The Board had received a notice (the Section 177 Notice) – issued under Section 177 of the Companies Act 1967 – on 30 September 2022 from OOWAY and 7 individuals who own an aggregate of 21.71% of the Company’s shares.

Kitchen Culture was listed on SGX Catalist in 2011 as a provider of solutions and products for kitchens and wardrobes. Its shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020. As announced on 17 July 2022, Mr Lincoln Teo (“Mr Lincoln Teo”), an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director, while 2 new Board members were named – Mr Lau Kay Heng as Vice-Chairman and Non-Executive Director and Mr Peter Lim King Soon as Independent Director.

Kitchen Culture has written to the requisitioning shareholders that the 2 new Board members, Mr Lim Wee Li (Executive Director) and 2 Independent Directors Mr William Teo Choon Kow and Mr Ang Lian Kiat (the “5 Directors”) will not resign. The Company stressed that OOWAY had in fact supported the reappointments of Mr William Teo and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022.

“The circumstances suggest that OOWAY may have its own reasons for calling for the replacement of the 5 Directors, which are unknown to the Board, with the exception of Mdm Hao,” Kitchen Culture said.

Separately, Kitchen Culture sharply criticised Mr Liu Yanlong (“Mr Liu”), representative of OOWAY, for his remarks to the Chinese-language Lianhe Zaobao newspaper, published on 7 October 2022, and as contained in a 12 October 2022 press release issued on ACN Newswire.

The Board, with the exception of Mdm Hao, said it “notes with grave disappointment that this is at least the second instance in which Mr Liu of the OOWAY has mis-characterised to the media events of the recent past with blatant factual inaccuracies. These efforts are a distraction to the serious matters, as outlined above, which the current Board is working very hard to address.”

The Board, with the exception of Mdm Hao, highlighted 5 key matters:
1) The remarks to the media misinterpret the findings of an internal control review by Baker Tilly Consultancy (Singapore) Pte. Ltd. (“Baker Tilly”).
It also notes that on 19 August 2021, the Singapore Exchange Regulation Pte. Ltd. (“SGX RegCo”) issued a Notice of Compliance (“NOC”) for a Special Audit (“Special Audit”) to review several matters including the internal control weaknesses noted in the Interim Report issued by Baker Tilly. Matters including the use of the Company’s funds – including the funds of S$19 milion raised from February to August 2020 for business transformation, before OOWAY’s involvement in the Company in October 2020 – remain within the purview of the Special Auditor and it is premature for Mr Liu or OOWAY to make any insinuations in that regard. The Company is reviewing a draft report in relation only to the Payroll Matters and the Transaction announced by the Company on 29 September 2021. The independent review of the remaining scope of work is on-going. The Company will update shareholders once there are material developments in this regard.
2) It rejects any allegation of impropriety as to the appointment of Mr Lau Kay Heng as director, whose appointment was duly assessed by the Nominating Committee.
3) Regarding the reference in the media to 2 loan matters:
(i) for the loan of S$1.0 million taken up by the Company, the rationale – announced on 30 August 2022 – was to meet anticipated general working capital needs up to the end of 2022; and
(ii) a S$1.5 million interest-free loan proposed by OOWAY had initially come with the pre-condition that a specific candidate had to be appointed as Chief Financial Officer (“CFO”) of the Company. This condition could not be accepted after the Nominating Committee’s due assessment which found the candidate to be not suitable to be the CFO of the Company. Subsequently, the former Executive Director and Interim CEO Mr Lincoln Teo had on 7 July 2022 recommended the Board to accept a proposal by another investor found by the OOWAY Group which contained conditions, among others, that the Company’s investment in OTPL be provided as collateral for a convertible loan of S$5.0 million. By late-July 2022, the balance proceeds from the past fundraising activities were reduced to the precariously low level of S$26,559 while liabilities accumulated under the management of Mr Lincoln Teo amounted to approximately S$935,000.

4) There is no basis to state “OOWAY Technology [Pte. Ltd.] [(“OTPL”)] is Kitchen Culture’s most valuable asset”.
OOWAY has made many promises of injecting profitable businesses to the Company but did not make good its promises since becoming shareholders of the Company in October 2020 and had management control of the Company between July 2021 and July 2022.

It is noted that the OTPL and its subsidiaries (“the OTPL Group”) recorded losses in 2020 and 2021. The Company’s share of OTPL Group’s losses amounted to approximately S$910,000 and S$803,000 for the 12 months ended 30 June 2021 and 30 June 2022, respectively.
5) As to Mr Liu’s remarks to the media on the Section 177 Notice, the Board said that since the resignation of Mr Lincoln Teo and appointments of the 2 new Independent Directors, the current Board has achieved significant progress in the last 3 months, by:

– successfully negotiating payment terms for liabilities incurred during Mr Lincoln Teo’s tenure, including rental arrears for the Company’s office premises and unpaid salaries;
– reducing overhead costs significantly by terminating services of 6 staff (4 of whom were existing/former employees of companies related to Mr Lincoln Teo) who were receiving almost S$600,000 in combined salaries and allowances annually from the Company; and
– securing a S$1 million loan to settle immediate debts as well as to provide short term working capital.

The current Board is also in the process of evaluating the acquisition of new businesses that are cashflow positive and profitable.

In its letter to the requisitioning shareholders, the Board, with the exception of Mdm Hao, said the Directors will continue to act honestly and diligently in discharging their functions and duties and will continue the ordinary course of business for the Company.

Further, the Board wishes to state that it has this afternoon received a letter dated 14 October 2022 from the requisitioning shareholders enclosing a Notice of Extraordinary General Meeting (“EGM”) and proxy form, and giving notice that the EGM will be held on Tuesday, 1 November 2022, 9.00 a.m. at Toucan Room Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore 169663. A further announcement will be made in this regard on SGXNet.

Issued by:
Kitchen Culture Holdings Ltd.
9 Raffles Place, #52-02, Republic Plaza
Singapore 048619
Tel: +65 6471 6776, Fax: +65 6472 6776

Media & Investor Contact
Whatsapp (Text): +65 9748 0688
kitchenculture@wer1.net

This press release has been reviewed by the Company’s sponsor, SAC Capital Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Mineral Project Source Launches as an Innovative Marketplace for Mineral-Exploration and Mining Projects

Mineral Enterprises, LLC, (the Company) is pleased to announce the launching of a new online marketplace for mineral-exploration and mining projects worldwide. The new website, www.mineralprojectsource.com, offers an innovative, low-cost platform for holders of mineral exploration and mining projects seeking to lease, joint-venture or sell to link with shoppers from mining and exploration companies.

Subscribers contact vendors and review detailed project summaries and reports at no additional cost. There are also no finder’s fees. A major and unique feature of this new platform is that projects are posted to a robust GIS-style map containing worldwide mine, mineral-occurrence, geology and claim datasets.

During the introductory period through December 31, 2022, and to grow the project portfolio, all subscriptions for vendors and shoppers for up to 12 months are free for the initial term.

Benefits for Project Vendors:
– Market projects for lease/option, joint venture or sale to an international audience
– Advertise projects of any level, from early-stage exploration to active mining operations
– Bring attention to assets on the map, even if you’re not marketing them
– Provide detailed project information to shoppers using a comprehensive fill-in form, including the option to upload images and a report
– Use the map interface with worldwide geology, mineral occurrence, mine and mining-claim datasets
– Shoppers can access project details by clicking the location icon on the map or by searching by commodity, location and deposit type
– Projects may be “Featured” for increased visibility, including a more conspicuous location icon on the map, priority appearance on searches and a project card on the home page Featured carousel
– Low fees for 6-and 12-month project postings, with the flexibility to choose different terms for each project
– Manage projects on a dashboard

Benefits for Project Shoppers and Explorationists
– Search for projects using the GIS map interface with worldwide geology, mineral-occurrence, mine and mining-claim datasets to place projects in geologic and geographic context
– Search the project database by commodity, deposit type and location in addition to using the map
– Access detailed project summaries, reports and images at no additional cost; summaries include information on owner/vendor, land tenure, location, desired deal, geology, exploration and production history, resource/reserve data and infrastructure
– Contact vendors by email directly at no additional cost
– Never pay finder’s fees to the Company
– Take advantage of the GIS map interface for your general exploration work even if you are not actively shopping for projects
– View as many projects as you like for one, low 6-or 12-month subscription fee
– Save projects of interest to your dashboard for quick access

Jake Margolis, President of the Company, stated: “Our technical team has developed MineralProjectSource.com with the aim of creating a professional marketplace suitable for all explorationists, from individual prospectors to major mining companies. It provides a unique map interface allowing projects to be placed in context geologically and with respect to other mineral deposits, mining claims and land use. We are continually adding datasets. There are currently about 1.2 million mineral occurrences, and there’s detailed geology for more than 50 countries. What’s great about the site is that the map can be used for general exploration purposes, even if someone is not actively shopping for projects.”

Mineral Project Source invites projects of all non-fuel commodities, globally. Legends for the deposit-occurrence datasets have been optimized for consistency and for highlighting commodities of current interest, such as gold, lithium, graphite, cobalt and rare earths.

For more information, to register or to become a vendor or shopper at no charge through December 31, 2022, visit www.mineralprojectsource.com. Use coupon code MPSStarter at checkout to receive the 100% discount on all project postings and shopper subscriptions. The website provides additional information for this discount on the “Announcements” page, and the “How it Works” page provides information on how to post projects and contains a sample of the project form.

About Mineral Enterprises, LLC
The Company is a private Maryland USA corporation that owns www.MineralProjectSource.com, a marketing platform for mineral-exploration and mining projects. The Company’s principal business is the development and operation of www.mineralprojectsource.com.

For further information please contact:

Jacob Margolis
President
service@mineralprojectsource.com
240-630-4548

SOURCE: Mineral Enterprises, LLC

InvestHK’s Investment Promotion Week aims to lift foreign companies’ awareness of Hong Kong’s business opportunities

Invest Hong Kong of the Hong Kong Special Administrative Region will launch a series of themed seminars to provide foreign companies and business chambers with the latest updates about the city’s dynamic business environment, enduring global hub status and business opportunities arising from growing ties with the Mainland.

As part of the official celebrations of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the five-day Investment Promotion Week will run in a hybrid format from October 17 to 21 at the Hong Kong Convention and Exhibition Centre and online. It will feature five thematic days – Financial Services/Business Professional Services/FinTech, Innovation and Technology, Lifestyle and Creative Industries, Startup – Sustainable Futures, and the Greater Bay Area – with over 120 speakers sharing insights and experiences in their respective areas.

The Chief Executive, Mr John Lee, and the Financial Secretary, Mr Paul Chan, are offering full support for the event and hope it will reinforce foreign investors’ understanding of the city’s enduring business advantages and highlight the new and emerging business opportunities.

Mr Lee said, “Hong Kong is the world’s freest economy and an international financial, trading and shipping centre. We are always welcoming companies and investors from all over the world. With the full support of the Central Government, as well as the plentiful opportunities under such national strategies as the National 14th Five-Year Plan and the Greater Bay Area development, Hong Kong is the best choice for b usiness operations and expansion plans.”

Mr Chan said, “Under ‘one country, two systems’, Hong Kong has a distinctive status and advantages: we have unparalleled and privileged access to the Mainland market, while remaining a free and open market economy with the common law system. And moreover, the HKSAR Government is committed to creating a strong impetus for economic development, by combining the strengths of a proactive government and an efficient market. We are sure that businesses from all over the world will be able to tap the vast opportunities Hong Kong and the Mainland offer.”

The Director-General of Investment Promotion, Mr Stephen Phillips, said, “This is a week not to be missed for those who want to learn about the key trends shaping global investment and how Hong Kong can help in capturing these opportunities. Participants will gain first-hand insights and pragmatic advice in all these important areas where we are witnessing tremendous growth – not only in Hong Kong, but in Mainland China and the region as a whole.”

For more details of Investment Promotion Week, visit www.investhk.gov.hk/en/investment-promotion-week.html.

About Invest Hong Kong
Invest Hong Kong is the department of the HKSAR Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.

Malaysian Genomics Signs Agreement with National Institutes of Health to Explore Research Opportunities

Both parties to collaborate on research in genomics and biopharmaceuticals

MGRC Therapeutics Sdn Bhd (MGRC-T), a wholly-owned subsidiary of Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, has entered into a cooperation agreement with the National Institutes of Health, Malaysia (NIH), providing a framework for collaboration between the two parties in medical research pertaining to genomics and biopharmaceuticals.

Dato’ Alvin Joseph Nesakumar, Executive Director of Malaysian Genomics

The National Institutes of Health (NIH), the research arm under the Ministry of Health Malaysia, comprises six research institutes that focus on biomedical research, public health and epidemiology, clinical research, behavioural health research, health management and health policies. The NIH is mandated to conduct high-impact health research to improve the quality of life of the Rakyat. The health research conducted by the NIH is in line with the Health Research Priority Areas for each five-yearly Malaysia Plans.

MGRC-T specialises in genomics and biopharmaceutical services with proprietary know-how and intellectual property related to the research, development, and processing of genetic screening tests, as well as the manufacturing of cell therapies, including immunotherapy for various types of cancer.

Dato’ Alvin Joseph Nesakumar, Executive Director of Malaysian Genomics, said, “The cooperation agreement enables us to explore ways that we can work together with NIH to improve the quality of our genomics and biopharmaceutical services that can contribute to improving the health of the Rakyat. We consider this collaboration a good step in encouraging and promoting research in genomics and biopharmaceuticals that will be mutually beneficial.”

Dr S Asmaliza Ismail, Manager of the NIH said, “We welcome this agreement as we are keen to work with specialists such as Malaysian Genomics to exchange knowledge in various fields of medical research. We believe that by working and pooling our resources together, we can bridge the gaps in expertise and experience.”

Under this agreement, the parties will explore joint training in the field of medical research, exchange research materials, and partake in scientific data presentation and publication. Additionally, the agreement will enable the exchange of experts and personnel, including postgraduate research and students on adjunct appointments, short- and long-term research attachments, co-supervision of students conducting research and internships, as well as other areas of cooperation to be mutually decided.

Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

NACOS Partners with Domineum Blockchain Solutions to Train 100,000+ Nigerian Computing Students

NACOS has partnered with Domineum Blockchain Solutions to train 100,000+ Nigerian computing students on disruptive and emerging technologies.

The Nigeria Association of Computing Students (NACOS), the umbrella body for students studying Computer Science, Computer Engineering, Information Systems, Software Engineering, Telecommunications Engineering, Cyber Security, and all other IT-related disciplines in all Higher Institutions of learning in Nigeria, and Domineum BlockChain Solutions, a Distributed Ledger Technology Company providing Blockchain-as-a-service solutions, with Headquarters in London, U.K., will develop and train 100,000+ Nigeria Computing Students in emerging and disruptive technologies.

Announcing the national initiative at a press conference on Friday, 7 October, NACOS National President, Comr. Chihurumnanya Nwanevu GCCS, said, “The 23rd NACOS National Executive Council’s primary mission is to empower computing students in Nigeria with adequate IT skills, as they will go on solve real-life problems with technology and add technological value to every sector of Nigeria’s economy.”

Chief Executive Officer of Domineum Blockchain Solutions, Mr. Geoffrey Weli-Wosu, said “The NACOS / DOMINEUM partnership is a strategic collaboration that will bring a significant change to all students studying computer-related courses in tertiary institutions across Nigeria. Youths hold the future of IT in Nigeria, and it is paramount that they should be invested in and supported with the necessary resources, connections and opportunities to excel.”

NACOS is focused on equipping Nigerian youths with the digital literacy and necessary skills to further facilitate Nigeria’s transition to a digital economy. As an association with Local Chapters across Nigeria’s 36 States, NACOS hopes to train more students in the rural areas to achieve a digital literacy, prioritizing technology and innovation as globally developed countries do, ultimately leading the country to prosperity.

NACOS and Domineum call upon ICT Stakeholders to support organizing innovative skill acquisition programs that will empower Nigerian youths to become world-class ICT personnel.

Nigeria Association of Computing Students (NACOS)
Domineum Blockchain Solutions
https://nacos.org.ng, https://domineum.io

Trintech Is Awarded “Easiest to Do Business With” and “Fastest Implementation” Badges in G2’s Fall 2022 Report

Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the company has received several new badges based on customer reviews received on G2, a leading global tech marketplace and review platform. In addition to multiple references to impeccable customer service, the company’s Adra Suite (financial close solution for mid-market organizations) received the only badge for “fastest implementation” in the Implementation Index for Financial Close category and its Cadency Platform (financial close solution for large enterprises) received the only badge for “Easiest to Do Business With” in the Relationship Index for Financial Close category.

“We are honored to be recognized for our commitment to delivering the very best user experience possible for our customers,” said Leo Yancey, Chief Customer Officer of Trintech. “It is a reflection of the trust, confidence, and satisfaction that our customers place in Trintech’s ability to help them deliver a quick and accurate close process each month.”

Trintech’s Fall 2022 G2 Badges include:

  • Leader – Mid-Market Grid(R) for Financial Close (substantial satisfaction and market presence scores)
  • Fastest Implementation – Financial Close Implementation Index (shortest go-live time in its category)
  • Easiest to Do Business With – Financial Close Relationship Index (highest Ease of Doing Business With rating)
  • High Performer – Grid report for Financial Close | Fall 2022 (high customer satisfaction scores)
  • High Performer – Enterprise Grid(R) Report for Financial Close (high customer satisfaction scores)
  • Users Love Us (20+ reviews with an average rating of 4.0 stars)

“Ranking on G2 reports are based on data provided to us by real software buyers,” said Sara Rossio, Chief Product Officer at G2. “Potential buyers know they can trust these insights when researching and selecting software because they’re rooted in vetted, verified, and authentic reviews.”

Trintech top five highlights from G2 include:

  • “Innovative time-saving tool that provides management visibility during month-end processes”
  • “Great reconciliation tool with great service”
  • “Great customer service – Very knowledgeable and responsive with any questions or issues we had during the implementation”
  • “Amazing product – I had zero experience with this product and was able to navigate and utilize the functionality of what it offers quickly”
  • “Great solution for small/medium-sized firms to get organized for month-end close and reconciliations”

To learn more about Trintech’s financial close solutions, visit Trintech.com.

About Trintech
Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Amazfit Launches GTR 4 and GTS 4 Smartwatches in Malaysia

  • Smartwatches catering to the fashion-conscious and business executives who also lead active sporting lifestyles

Amazfit, a premium smart wearable hardware brand owned by Zepp Health Corporation (Zepp), is delighted to announce the launch of the Amazfit GTR 4 and Amazfit GTS 4 smartwatches offering more choices to Malaysians pursuing an active lifestyle in sports, fashion and business.

Amazfit GTR 4
Amazfit GTS 4

Busy business executives can go straight from their offices to the gym or pool with the Amazfit GTR 4, which is catered for sports and business. This newest iteration of the Amazfit GTR 4, while retaining the appearance of a traditional watch with rich design texture, has enhanced sports functions with a business-like appearance that can be worn to meetings.

Those pursuing an active lifestyle need not worry when they put on the Amazfit GTS 4, as it is just as good for a dinner date as it is for sports. With a slim and stylish appearance, the Amazfit GTS 4 also has enhanced sports functions while still remaining ultra-thin and stylish.

The Amazfit GTR 4 has a bigger screen than its predecessors, coming with a 1.43” HD AMOLED display and providing a more immersive visual experience. The Amazfit GTS 4 comes with a 1.75” HD AMOLED display and modern square design. Both have always-on display. For the GTR 4, there is a selection of over 200 watch faces, with 15 editable watch faces and 30 animated watch faces. For the GTS 4, there are over 150 watch faces, 10 editable watch faces and 30 animated watch faces.

Amazfit has rolled out a range of new features to support the sports lifestyles of wearers. Both the GTR 4 and GTS 4 come with Dual-band Circularly-polarized GPS antenna technology; route import and real-time navigation; smart strength training mode; interval training template; sports reminders and voice broadcast and; track run mode. In addition, there are over 150 sports modes and smart recognition that can track wearer’s sports condition and performance. Both have 5 ATM water resistance and for health monitoring, have the new BioTracker 4.0 to track blood-oxygen and heart rate.

GTR 4 comes in Superseed Black, Vintage Brown Leather and Racetrack Grey while GTS 4 comes in Infinite Black, Misty White, Autumn Brown, and Rosebud Pink. The GTR 4 and GTS 4 will be launched at a promotion price of RM799 (Retail priced at RM829). Early birds will get Starbucks card valued at RM30 while those who purchase other Amazfit products will get Celebrity Fitness 2Pax seven-day free trial pass worth up to RM1,092.00, all while stocks last.

Find out more about the Amazfit GTR 4 and GTS 4 smartwatches at https://www.amazfit.com/my or Amazfit’s e-commerce partner platforms Shopee, Lazada, Tik Tok Shop and PG Mall.

About Amazfit
Amazfit, a leading global smart wearable brand focused on health and fitness, is part of Zepp Health (NYSE: ZEPP), a health technology company. Offering a wide selection of smartwatches and bands, Amazfit’s brand essence is “Up Your Game”, encouraging users to live their passions and express their active spirits freely. Amazfit is powered by Zepp Health’s proprietary health management platform that delivers cloud-based 24/7 actionable insights and guidance to help users attain their wellness goals. With outstanding craftsmanship, Amazfit smartwatches have won many design awards, including the iF Design Award and the Red Dot Design Award.

Launched in 2015, Amazfit is today embraced by millions of users. Its products are available in more than 90 countries across the Americas, and EMEA and APAC regions. For more information about Amazfit, please visit www.amazfit.com.

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group’s Strategic Partnership with Onlive.Site Eyes the Surging Live Commerce Market across Southeast Asia

Partnership Revvs Up Consumer Journey, Connected Experiences and Loyalty Benefits through the SoPa Ecosystem

  • Society Pass Inc/Thoughtful Media Group Inc and Onlive.Site announce establishment of a strategic partnership, combining Society Pass Inc’s industry leading data-driven loyalty platform with Onlive.Site’s interactive live commerce technology tools
  • Onlive.Site powers up Thoughtful Media Group’s/Creator’s/Marketer’s platforms and websites, through its white labelling live shopping and streaming services

Thoughtful Media Group Inc (Thoughtful Media or TMG), the Thailand-based, digital advertising arm of Society Pass Incorporated (Nasdaq: SOPA) (SoPa or the Company), Southeast Asia’s (SEA) leading data-driven loyalty and e-commerce ecosystem, today announces the establishment of a strategic partnership with Onlive.Site, a premium live streaming and digital content channel platform based in Spain. This strategic partnership enables TMG to host interactive live streaming and live shopping shows on its websites and even on external platforms including those of Creator’s or Marketer’s landing pages. SoPa endeavours to offer enhanced value to its consumers through novel partnerships with technology-enabled companies located across the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand, and complementary services that support the offerings of its entire ecosystem.

Founded in 2020, Onlive.Site is a technology software company develops livestreaming, live video shopping, interactive video and online TV channel platform tools for global e-commerce companies. Onlive.Site’s technology tools allow partners to create and curate live streaming and live shopping shows for consumers to shop for e-commerce goods and services with specific placement and effect. Research from Accenture shows that the social commerce market is poised to grow to US$1.2 trillion by 2025, representing a CAGR of 26%. Live streaming as a medium of sales on social commerce platforms is expected to show a CAGR of 11.77%, resulting in a projected market volume of US$45.07 billion by 2027.

The TMG digital advertising platform amplifies the reach and engagement of its +200 influencer network throughout SEA to market and sell advertising inventory on behalf of international and regional brands. Onlive.Site’s partnership further supports SoPa’s plans to expand TMG’s database of KOLs and influencers across SEA. The growing impact of social media on influencing consumers’ purchase decisions is driving more and more brands to shift their advertising focus to this emerging marketing outlet. “Live commerce” emerges as live streaming and e-commerce converge so that consumers and brands experience real-time engagement and an instantaneous feedback loop. SoPa increases customer engagement while also focusing on the quality of relationships through a campaign-based approach enabled by this latest partnership.

Alfredo Ouro, Co-founder & CEO @ Onlive.Site, emphatically explains, “We are delighted to enter into this win-win partnership with SOPA and TMG to bring our cutting-edge live commerce technology to one of the fastest growing digital areas in the world. With its large base of users, associated brands and content creators in SEA, TMG is ideally positioned as the perfect partner for Onlive.Site in a region that brings together everything necessary for live shopping to be a success: pervasive shopping culture, internet tech-savvy population and favourable social demographic profile”.

Dennis Nguyen, TMG Chairman, comments, “We are thrilled to partner with Onlive.Site as we onboard meaningful partnerships with brands and e-stores in Vietnam, Indonesia, Philippines, Singapore, and Thailand. This partnership allows TMG to bundle Onlive.Site subscription model with influencer marketing services to swiftly engage brands and create live streaming sales campaigns. New revenue models are being developed with this innovative partnership. Our mission is to provide media owners with dedicated technology services that build and monetise their brands’ audience on social video platforms”.

Alfredo Ouro adds, “With video accounting for more than 80% of all consumed internet traffic this year, no single company should ignore this audio-visual format as the most engaging and effective way to sell and communicate with their customers and stakeholders through live shopping, video- shoppable, and exclusive branded video-channels. Our one-stop live commerce studio possibilities for integrating all forms of interactive video on any website or digital platform are now endless and we want to make them available to every brand in SEA, thanks to our partnership with TMG and SOPA”.

About Thoughtful Media Group Inc
Founded in 2010 and acquired by SoPa in 2022 as a wholly-owned subsidiary, TMG is a Bangkok-headquartered social commerce-focused, premium digital video Multi-Platform Network (“MPN”)/social media influencer advertising platform servicing the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand.

About Society Pass Inc
Founded in 2018 as a digitally-focused loyalty and data marketing ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan, a leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

About Onlive.Site
Headquartered in Barcelona, ONLIVE.SITE is the fastest growing SAAS for live commerce and video-sales enablement in Europe & LATAM. In less than 1 year since launching Onlive.Site already works with +150 all-size brands operating from 25 countries and making live commerce available to customers from 95 countries worldwide. Thanks to this partnership with SOPA, Onlive.Site is extending its presence to South East Asia that together with LATAM are two of the three fastest growing e-commerce markets in the world according to Insider Intelligence.

Cautionary Note Concerning Forward-Looking Statements
This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

SCIB Unveils Sample IBS House Built with 3D Technology

  • Company also exploring development of training programmes related to 3D technology with ABM

Civil engineering specialist Sarawak Consolidated Industries Berhad’s (SCIB), wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SIBS), today unveiled a sample house built using a 3D printing system from COBOD International A/S, a Copenhagen, Denmark-based 3D construction specialist.

Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman

The sample house, located on the premises of the Construction Industry Development Board’s (CIDB) Kuching campus, was built in collaboration with Akademi Binaan Malaysia (Sarawak) Sdn Bhd (ABM), an assessment and training centre of the CIDB in Sarawak catering to the development and skills enhancement of the state’s construction industry. SIBS is principally involved in the supply and installation of IBS components as well as owns the 3D-printing machinery that produces IBS components.

On hand to witness the unveiling of the sample house was the State Assistant Minister of Urban Planning, Land Administration and Environment, YB Datu Len Talif Salleh, accompanied by Group Managing Director and Chief Executive Officer of SCIB, Rosland bin Othman and, CEO of CIDB, Datuk Ir. Ahmad ‘Asri bin Abdul Hamid.

Tuan Haji Abdul Hadi bin Datuk Abdul Kadir, Director of SCIB, said, “The 3D printing system was acquired as part of our innovation initiatives and to explore the possibilities of deploying this technology in the domestic construction industry. The construction of the IBS sample house using 3D technology has given us invaluable knowledge and experience that will help to facilitate the development of training programmes that we hope to offer to workers in the construction industry who want to enhance their skills and knowledge.”

SCIB also signed a Memorandum of Understanding (MoU) with ABM on 3 October 2022 in conjunction with the CIDB and CIDB Technologies Sarawak chapter graduation ceremony for students. Both parties agreed under the MoU to explore and identify training and assessment for IBS-related programmes and courses as well as share information, technical knowledge and professional experiences leading to the establishment of training courses and modules in IBS that can add value and improve the standards, skills and understanding of construction workers, especially in Sarawak.

Group MD and CEO of SCIB, Rosland, said, “We are happy to work with ABM in developing programmes that will enhance the skills and knowledge of the construction industry. The deployment of technology such as 3D printing comes at a time when businesses are being scrutinised for the impact of their operations on the environment and society. Businesses have a central role to play in society and a key part of it is to operate responsibly.”

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my