The 3rd Global Food Security & Sustainability Summit 2023

DA NANG, VIETNAM, Aug 15, 2023 – (ACN Newswire) – The 3rd Global Food Security & Sustainability Summit 2023 is delighted to announce its upcoming event. As a gathering of the most influential minds in food security and sustainability, the summit is set to take place on the 29th of August, 2023 in Danang, Vietnam.

This year's theme, "Innovating for Sustainability: The Future of Agriculture and the Food System", aims to highlight the importance of sustainable innovation in shaping the future of agriculture and the overall food system. The summit will provide a platform for leading experts and stakeholders in the field to exchange insights, discuss strategies, and identify solutions for pressing issues related to food security and sustainability.

Speakers at the summit include esteemed figures such as Remi Nono Womdim, Representative of the Food and Agriculture Organization of the United Nations (FAO) in Viet Nam; Nguyen Anh Phong, Director of The Information Centre for Agriculture and Rural Development (AGROINFO); and Hoang Thanh Vinh, Program Analyst at the Climate Change and Environment Unit (CCEU) at UNDP. The speaker line up also includes Caleb Wurth, Regional Director of Southeast Asia and Oceania for the U.S. Grains Council; Timothy Loh, Regional Director, S.E. Asia & Oceania, U.S. Soybean Export Council (USSEC), Singapore; and Vu Thi Khac, Director Of Science and Quality Management Department, Institute Of Science Technology and Environment

Key topics to be discussed during the summit include:

1. Agriculture's Future is Driven by Sustainable Innovation
2. Managing Risk and Reacting to Volatility: Farmers' Perspective
3. Agriculture's Future: What to Expect?
4. Implementing New Generation Techniques for Commercial Agriculture
5. Reducing Food Loss Amid the Global Food Crisis
6. Climate Smart Agriculture: Stimulating Sustainable Production and Building New Market
7. When Sustainable Aquaculture Comes to The Rescue of Environmental Preservation
8. Smart Commodities – Enabling Supply Chain Traceability from Farm to Fork
9. How is Agriculture Providing a Safe Haven for Investment?
10. Elevating the Sensory Experience: Advancing Taste, Texture & Performance
11. Food Security: Providing Sufficient Safe, Nutritious and Healthy Food for Everyone.
12. Food Inflation and Nutrition Security Situation in Developing Asian Countries.

The summit will be co-located with The 15th Annual Global CSR & ESG summit and awards 2023, allowing participants to attend both events for a comprehensive and enriching experience.

For more information about the 3rd Global Food Security & Sustainability Summit 2023, please visit https://foodsecure.global/

About The 3rd Global Food Security & Sustainability Summit 2023

The 3rd Global Food Security & Sustainability Summit 2023 is an annual gathering that brings together global leaders, experts, and stakeholders in the field of food security and sustainability. The summit aims to promote innovative and sustainable solutions for global food security and the future of the agriculture and food system.

Press Contact:
Chelvan Naicker
chelvan@pinnaclegroup.global
+65 81803575

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

VinFast And Black Spade Acquisition Co Complete Business Combination

HONG KONG, Aug 15, 2023 – (ACN Newswire) – VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") today announced the completion of their previously announced business combination (the "Business Combination"). The listed company following the Business Combination is VinFast Auto Ltd., and its shares and warrants will commence trading on the Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbols "VFS" and "VFSWW," respectively, on August 15, 2023.

Representatives of VinFast and Black Spade

The announcement of the completion of the Business Combination comes after Black Spade's shareholders voted to approve the transaction on August 10, 2023. As a result of the Business Combination, Black Spade became a wholly owned subsidiary of VinFast and is expected to be delisted from the NYSE American LLC.

Madame Thuy Le, Global CEO of VinFast Auto Ltd., said: "Becoming a U.S-listed company marks a significant milestone in VinFast's global expansion. More than just transaction on the stock market, going public reflects a powerful vote of confidence in our vision and potential, as well as fulfills our pledge to make smart, safe and environmentally friendly electric vehicles accessible to everyone. I sincerely appreciate the wonderful collaboration with Black Spade as our respected partners who are joining us in our 'boundless together' journey towards a greener future for us and future generations."

Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition Co, shared, "We are very pleased to announce the successful completion of the Business Combination with VinFast, an exceptionally fast-growing and scalable company in the electric vehicle ("EV") sector. VinFast has developed an engaging array of smart, safe, and eco-friendly EV models. We are confident that VinFast will maintain its commitment to offering high-quality products accompanied by outstanding after-sales services. A listing on the Nasdaq will enhance VinFast's global outreach by facilitating even wider access to capital. Driven by a shared aspiration to shape a better future through innovation, we anticipate our collaboration with VinFast to bring about a fresh chapter of sustainable mobility."

Additional information about the transaction, including a copy of the business combination agreement, is available in Black Spade's Current Report on Form 8-K, filed on May 12, 2023 with the Securities and Exchange Commission ("SEC") at www.sec.gov.

More information about the transaction is available in VinFast's registration statement on Form F-4 which includes BSAQ's proxy statement and VinFast's prospectus in relation to the business combination, which was first filed with the SEC on June 15, 2023.

About VinFast
VinFast – a member of Vingroup JSC – is Vietnam's leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures and exports a portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. Learn more at www.vinfastauto.us.

About Black Spade Acquisition Co
Black Spade Acquisition Co ("BSAQ") is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). BSAQ was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Learn more at: https://www.blackspadeacquisition.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the transaction between VinFast Auto Ltd. (the "Company") and Black Spade Acquisition Co ("Black Spade"), including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, the Company or Black Spade's expectations concerning the outlook for the Company's business, productivity, plans and goals for product launches, deliveries and future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the Company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are their managements' current predictions, projections and other statements about future events that are based on current expectations and assumptions available to the Company and Black Spade, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that investors of the Company may not receive the same benefits as an investor in an underwritten public offering, (ii) the risk that the Black Spade securities may experience a material price decline after the transaction, (iii) the adverse impact of any shareholder litigation and regulatory inquiries and investigations on the Company's business, (iv) a reduction of trust account proceeds and the per share redemption amount received by shareholders as a result of third-party claims, (v) the risk that distributions from trust account may be subject to claw back if Black Spade is deemed to be insolvent, (vi) the ability of the Company to get approval for listing of its ordinary shares and warrants and comply with the continued listing standards of the Nasdaq, (vii) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (viii) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (ix) risks associated with being a new entrant in the EV industry, (x) the risks that the Company's brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (xi) the Company's ability to successfully introduce and market new products and services, (xii) competition in the automotive industry, (xiii) the Company's ability to adequately control the costs associated with its operations, (xiv) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xv) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xvi) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity within Vietnam timely and within budget, (xvii) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xviii) the demand for, and consumers' willingness to adopt EVs, (xix) the availability and accessibility of EV charging stations or related infrastructure, (xx) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xxi) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations or cash flows, (xxii) battery packs failures in the Company or its competitor's EVs, (xxiii) failure of the Company's business partners to deliver their services, (xxiv) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company's EVs or operations, (xxv) the risk that the Company's research and development efforts may not yield expected results, (xxvi) risks associated with autonomous driving technologies, (xxvii) product recalls that the Company may be required to make, (xxviii) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxix) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates and (xxx) conflicts of interests with or any events impacting the reputations of Vingroup affiliates or unfavorable market conditions or adverse business operation of Vingroup and Vingroup affiliates. The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's registration statement on Form F-4 filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, Black Spade's Quarterly Report on Form 10-Q for the three-months ended March 31, 2023, which was filed with the SEC on May 15, 2023, and other documents filed by the Company and/or Black Spade from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. The Company and Black Spade assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither the Company nor Black Spade gives any assurance that either the Company or Black Spade will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Black Spade or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It
This document relates to a transaction between the Company and Black Spade. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. In connection with the Business Combination, the Company filed a registration statement on Form F-4 with the SEC (as may be amended from time to time, the "Registration Statement") on June 15, 2023, which included a proxy statement of Black Spade and a prospectus of the Company. The SEC declared the Registration Statement effective on July 28, 2023.

The Registration Statement, including the proxy statement/prospectus contained therein, contains important information about the Business Combination and the other matters voted upon at the meeting of Black Spade's shareholders approving the Business Combination (and related matters). Black Spade also filed other documents regarding the transaction with the SEC. This document does not contain all the information that should be considered concerning the transaction and is not intended to form the basis of any investment decision or any other decision in respect of the transactions.

Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Black Spade through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Black Spade may be obtained free of charge from Black Spade's website at https://www.blackspadeacquisition.com/ or by written request to Black Spade at Black Spade Acquisition Co, Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central Hong Kong.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in Solicitation
Black Spade and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Black Spade's shareholders in connection with the transaction. Information about Black Spade's directors and executive officers and their ownership of Black Spade's securities is set forth in Black Spade's filings with the SEC, including Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, and the Registration Statement. Additional information regarding the interests of those persons and other persons who may be deemed participants in the transaction may be obtained by reading the proxy statement/prospectus regarding the transaction. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.

No Offer or Solicitation
This document is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Contact
VinFast Auto Ltd.
Investor Relations Email: ir@vinfastauto.com

Black Spade Acquisition Co
Investor Relations Email: ir@blackspadeacquisition.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mazhar Majeed Instrumental in Joshua Buatsi Signing for Sky Sports

Birmingham, UK, Aug 15, 2023 – (ACN Newswire) – There were numerous worldwide offers from promoters for British boxing Olympic medalist Joshua Buatsi. Still, he finally chose to sign with promoters Boxxer, who hold the exclusive TV rights for the UK's largest TV sports network, Sky Sports. Mazhar Majeed, the owner of Star People and advisor to Buatsi, negotiated Joshua's multi-million pound, multi-year contract with his first fight on Sky Sports on May 6, 2023.

The anticipated return to the ring of the undefeated Joshua Buatsi against Polish champion Pawel Stepien took place at the Resorts World Arena in Birmingham in conjunction with global broadcasting partner Sky Sports and Boxxer, and other event partners, including Everlast, WOW Hydrate and Village Hotels. Some said it would be a brutal fight for Buatsi, but Maz confidently predicted it would be the perfect fight for Buatsi to return to the ring.

Spectators occupied the arena, with fans intent on seeing the light heavyweight Buatsi enter the ring for the first time in 12 months against Stepien, a formidable opponent boasting an 18-1 record. It was down to business from the outset, with Buatsi methodically working off the ring rust and setting the pace for a decisive and unanimous victory. Maz, commenting on the night, said, "It was a clash of two worthy rivals, and Josh won by pacing himself – he got the job done. We expected this result and are happy with the great turnout and support for Josh. We hope he'll be fighting again soon, maybe against Dan Azeez – let's see if we can make that happen."

Maz has been working on the promised contest for the last few months, and the fight is definitely on the horizon. He remains confident that the bout will occur between Joshua Buatsi and British, European, and Commonwealth title holder Dan Azeez. He said, "This fight promises to be a blockbuster for British boxing!"

Mazhar Majeed of Star People has been part of the most significant Pay Per View fights in recent boxing history, including the well-documented fight between World Heavyweight Champion David Haye and Tony Bellew on March 4, 2017, and the rematch which took place on May 5, 2018. Maz was also pivotal in brokering the long-awaited Khan-Brook fight, which took place at Manchester's AO Arena on February 19, 2022, after fans had waited over a decade for the clash due to numerous previous failed negotiations. He is currently also advising Chris Eubank Jr.

"Maz got this deal done quickly as he understands the reach of Boxxer and Sky," said Ben Shalom of Boxxer.

When asked about his other sporting endeavors, Maz spoke of Yan Dhanda, a Liverpool's Football Academy graduate who has just completed an outstanding first season with Ross County. "We have high hopes for him; you'll definitely be hearing his name."

About Star People:

Star People is a celebrity management firm specializing in Product Placement, advertising, Public Relations, Events and Production Services. The firm specializes in brand exposure and product placement opportunities within the film, fashion, music, and entertainment industries.

Contact Information
Mazhar Majeed
mazharmajeedpress@gmail.com
447537182844

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hertz Lithium Acquires Option to Acquire Patriota Lithium Project in the Aracuai Pegmatite District

HIGHLIGHTS:

Hertz has entered into an assignment agreement pursuant to which it has acquired the option to acquire the prospective Patriota Lithium Project in the mining friendly state of Minas Gerais in Brazil.
These tenements are strategically situated proximal to the highly prolific ‘Eastern Brazilian Pegmatite Province” (the “EBPP“) and within the Araçuaí Pegmatite District (the “APD“). The EBPP is the largest lithium pegmatite province of South America and one of the most important pegmatite provinces around the world.
The Patriota Lithium Project is a 2,964 hectare (contiguous 29 square kilometers) mineral claim block in Brazil’s Minas Gerais State, a mining-friendly jurisdiction located approximately 45 kms from Sigma Lithium Corp.’s Grota do Cirilo property, the largest lithium hard rock deposit in the Americas.
The Patriota Lithium Project is located near other lithium exploration and production projects operated by Sigma Lithium Corp., Lithium Ionic, Latin Resources Limited and the Companhia Brasileira de Lítio Ltda.’s Cachoeira lithium mine. Although the Company believes the spatial association with these important advancing lithium deposits and mines supports the potential of the Patriota Lithium Project, is not necessarily indicative of the mineralization on the property.
The location boasts advantageous infrastructure, comprising well-developed highways, access to hydroelectric power from the grid, water availability, and convenient proximity to commercial ports and residential townships.
The option represents Hertz’s first Brazilian project which is complementary to the Company’s Lucky Mica Lithium Project in Arizona which continues to move through the permitting and progress to trenching phase
Hertz plans to commence rapid exploration in the coming weeks and months.

Vancouver, British Columbia–(ACN Newswire) – August 14, 2023) – Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (“Hertz” and/or the “Company”) is pleased to announce the acquisition of the option (the “Option“) to acquire a 100% interest in the Patriota Lithium Project. The Company acquired the Option pursuant to the terms and conditions of an option assignment agreement (the “Assignment Agreement“) entered into among the Company, Brascan Resources Inc. (“Brascan“), BHBC Exploracao Mineral LTDA (“BHBC“), and RTB Geologia e Mineracao LTDA (“RTB“, and together with BHBC, the “Optionors“). Pursuant to the Assignment Agreement, the Company has acquired Brascan’s rights, including the Option, granted pursuant to an option agreement (the “Option Agreement“) entered into among Brascan, BHBC, and RTB.

Through the acquisition of the Option, Hertz gains access to a strategically located and highly prospective lithium project situated in the mining friendly state of Minas Gerais, Brazil. A key advantage lies in the projects strategic location within the APD and proximal to the renowned EBPP, one of the most important pegmatite provinces around the world and a globally recognized hub for hard-rock lithium spodumene deposits. Notably, this region accounts for 100% of all government presently recognized lithium reserves in Brazil, making it highly valued for its abundant spodumene pegmatites.

Over the past two years, Brazil’s importance in the lithium exploration space has expanded significantly with the tremendous success of Sigma Lithium Corp., followed by Latin Resources Limited, and the up and coming Lithium Ionic Corp..

Figure 1: Eastern Brazilian Pegmatite Province Lithium District

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9656/177055_56ed936404a02a87_002full.jpg

Figure 2: Map of Patriota Lithium Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9656/177055_56ed936404a02a87_003full.jpg

Details of the lithium resources reported in Figures 1 and 2 are provided in the various company websites listed below. No qualified person from Hertz Lithium has to verified the reported resource estimates, and the estimates are not necessarily indicative of the mineralization on the property on the Patriota Project. Hertz is only reporting these resource estimates as to support the regional potential for significant lithium mineralization.

Source: www.cblitio.com.br/mineracao/
Source: Lithium Ionic Corporate Presentation: https://lithiumionic.com/investors/presentations/
Source: https://www.latinresources.com.au/salinas-lithium-project-brazil/
Source: Sigma Lithium Corp www.sigmalithiumresources.com/grota-do-cirilo/

Geological Detail

The Patriota Lithium Project under Option for Hertz Lithium shows strong high-level prospectively criteria within the Araçuaí Pegmatite District (APD) and proximal to prolific EBPP. The tenements are strategically located within the Salinas Formation metasedimentary rocks that were deposited prior to the Araçuaí orogeny. The Salinas Formation hosts the most prolific lithium pegmatites in the region. Pegmatite swarms intruded the region during the collisional Neoproterozoic to post-collisional Paleoproterozoic Araçuaí orogeny. L-C-T pegmatites (Lithium – Cesium – Tantalum) include the pegmatitic granites surrounding the richest lithium pegmatites in the SIGMA/CBL/Lithium Ionic region, as well as the nearest mapped (exposed) granite to the Patriota Lithium Project (16 kilometres to the north). The regional granite rocks are classified into five supersuites (G1, G2, G3, G4, and G5). Groups G3, G4 and G5 formed during the post-collisional episode associated with the Gondwana Supercontinent’s Trans-Amazonian event (CPRM 2016a, 2016b). Notably, the potential pegmatite corridor associated with lithium mineralized pegmatites with the G4 supersuite.

Hertz believes the association with proximal G4 suite granites supports the potential for a favourable association with regional pegmatite swarms within the tenement areas. It is worth noting that both Sigma Lithium’s Grota do Cirilo spodumene mine and Latin Resources Colina Project are surrounded by the same G4 supersuite granites as those mapped most closely to the tenements that Hertz holds the Option to acquire. These compelling geological associations point to lithium potential within these exploration areas.

Hertz acknowledges that the tenements under Option have not undergone any exploration activities to date, and as a result, the existence of pegmatites and/or lithium mineralisation remains uncertain. Nonetheless, a comprehensive desktop review of the regional and local geology, along with the presence of significant spodumene mining and development activities in close proximity, offers supplementary evidence supporting the potential of the tenements.

Transaction Structure and Consideration

As consideration for the acquisition of the Option and pursuant to the terms and conditions of the Assignment Agreement, the Company has agreed to pay an aggregate of $148,000 in cash, as follows:

reimburse Brascan $3,300 in claim maintenance within two days following the execution of the Assignment Agreement;
pay Brascan $15,000 within two days following the execution of the Assignment Agreement;
pay Brascan $105,000 in exchange for Brascan issuing 3,000,000 common shares to the Optionors, within five business days following confirmation that the shares have been issued; and
pay Brascan $25,000 on or before 45 days following the execution of the Assignment Agreement.

In order to exercise the Option in accordance with the terms and conditions of the Option Agreement, the Company must:

pay BHBC $50,000 by September 20, 2023;
pay BHBC $3,300 by September 20, 2023 to cover mineral right taxes;
incur $100,000 in exploration expenditures on the Patriota Lithium Project by September 20, 2023;
pay BHBC $3,300 to cover mineral right taxes up to June 30, 2024;
pay BHBC $50,000 by October 1, 2024;
incur $100,000 in exploration expenditures on the Patriota Lithium Project by September 30, 2024; and
pay $50,000 by September 30, 2025.

The Optionors will retain a 2% NSR with the Company having the option to repurchase 1% of the NSR for a cash payment of $500,000 for a period of two years after the commencement of commercial production.

Additionally, upon the confirmation of the existence of spodumene from surface sample assays results on the Patriota Lithium Project grading minimum 1% lithium, the Company will be required to pay Brascan $100,000 in cash.

Mr. Kal Malhi, Chairman and Director of Hertz, commented, “We are laser focused to build Hertz Lithium into a multi-faceted lithium mineral exploration company with our Lucky Mica Lithium Project in Arizona and now the Patriota Lithium Project in Brazil and our Penn State Lithium Extraction Patent Licence. We continue to seek additional high-quality projects across the world and build our lithium development portfolio into a strong offering for investors seeking an opportunity to invest into the generational investment opportunity that the lithium sector offers.”

About Hertz Lithium Inc.
The Company is a British Columbia based mineral exploration company primarily engaged in the acquisition and exploration of mineral properties. The Company’s lithium exploration projects include, the Lucky Mica Project, is located along the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA and the Patriota Lithium Project, located along the Eastern Brazilian Pegmatite Province, in Brazil. The Company is also working with Penn State University’s College of Earth and Mineral Science department to develop a novel patent-pending hard rock lithium extraction technology.

Qualified person

Harrison Cookenboo Ph.D., P. Geo. and a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information in this news release and has approved the disclosure herein.

For further information, please contact Hertz Lithium or view the Company’s filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

https://hertzlithium.com

REFERENCES:

CPRM 2016A: MAPA GEOLÓGICO E DE RECURSOS MINERAIS DE LÍTIO:

CPRM 2016B: PROJETO AVALIACAO DO POTENCIAL DO LITIO NO BRASIL.

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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SinoMab Announces that IND Application of SM17 for the Treatment of Asthma was Approved by NAMP

HONG KONG, Aug 14, 2023 – (ACN Newswire) – A Hong Kong-based biopharmaceutical company dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases- SinoMab BioScience Limited (Stock Code: 3681.HK, "SinoMab" or the "Company"), is pleased to announce that the Investigational New Drug ("IND") application, for the treatment of patients with asthma for the Company's First-in-Class (FIC) therapeutic product SM17, was approved by the National Medical Products Administration of China (the "NMPA") on 11 August 2023. The Company plans to conduct a Phase I clinical study in China soon to investigate the safety profile of SM17 in Chinese population and to initiate the clinical development program of SM17 for the treatment of allergic diseases.

SM17 is a novel, first-in-class, humanized, IgG4-k monoclonal antibody which is capable of modulating Type II allergic reaction by targeting the receptor of a critical "alarmin" molecule interleukin 25 (IL-25). SM17 could suppress Th2 immune responses by binding to IL-25 receptor (also known as IL-17RB) on Type 2 Innate Lymphoid cells (ILC2s), and Type 2 helper T (Th2) cells, blocking a cascade of responses induced by IL-25, and suppressing the release of the downstream Th2 cytokines such asIL-4, IL-5 and IL-13. IL-25 is a critical cytokine classified as "alarmin", which has shown to be implicated in the pathogenesis of multiple airway viral responses and allergic diseases, such as asthma. Patients with severe, uncontrolled asthma are at risk of recurrent asthma exacerbations and hospitalizations, and uncontrolled severe asthma is associated with increased mortality and morbidity, diminished quality of life and increased health expenditures.

Meanwhile, the Company is also advancing the Phase I clinical study of SM17 in the U.S. at full speed. Based on the current progress, the Company expects to complete the Phase I clinical study by the end of this year, half a year ahead of the anticipated completion date. As early as March 2022, SM17's IND application for the treatment of asthma was approved by the U.S. Food and Drug Administration ("FDA"), and the first healthy subject had been successfully dosed in a Phase I clinical First-in-Human(FIH) clinical trial in June 2022. As of today, none of the subjects reported a serious adverse event.

As a new pathway for asthma treatment, therapy targeting the upstream mediators of the Th2 inflammatory cascade pathway, such as "alarmin", is expected to have a broad effect on airway inflammation. This is expected to lead to more effective control of asthma symptoms and an improvement in disease conditions compared to existing therapies. This has also been validated in the clinical trial of SM17.

The potential first-in-target antibody of SM17 has demonstrated the potential efficacy for multiple indications, including asthma and IPF (Idiopathic Pulmonary Fibrosis). The above unique mechanism enables SM17 to cover more diversified indications, which can not only target indications with huge market size such as asthma and atopic dermatitis, but also treat diseases with high mortality rate such as IPF, and continuously expand its indication coverage. Compared with other currently approved therapeutic antibody drugs targeting ILC2s downstream pathway, SM17 has a differentiated advantage at the source.

As one of the global pandemics, asthma has caused social problems, with huge and urgent medical needs that cannot be ignored. The number of asthma patients worldwide is increasing year by year, and a large patient base is in urgent need of effective therapeutic drugs to alleviate unmet medical needs. According to the Frost & Sullivan Report, the number of asthma patients worldwide is expected to increase to approximately 860 million in 2030, of which the number of asthma patients in China will increase to 78.1 million which is higher than the global growth rate. The Company expects that targeting upstream mediators of the Th2 inflammatory cascade, such as the receptor for IL-25, will have a broad effect on airway inflammation, which is expected to provide a new therapeutic channel with efficacy and safety for asthma diseases and bring relief and treatment to asthma patients.

Dr. Shui On LEUNG, Executive Director, Chairman and Chief Executive Officer of SinoMab said that: "SM17's IND application for the treatment of asthma has been approved three months after it was accepted by the NMPA, which demonstrates that the efficient execution of the Company's new drug R&D program is well recognized by the NMPA, and also fully reflects the huge potential of SM17 in unmet medical needs for asthma treatment. We are confident in the huge clinical development and commercialization prospects of SM17, and will accelerate the progress of clinical trials and strive to achieve commercial business as soon as possible in the future. At the same time, we continue to expand the scope of indications so that new treatment options can benefit more Chinese patients in the future. The Company will continue to focus on autoimmune diseases, and spare no effort to provide more effective treatment options for Chinese and global patients with abundant technical reserves and strong innovation capabilities."

About SinoMab BioScience Limited
SinoMab BioScience Limited is dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases. The R&D headquarters is located in Hong Kong and the production base is located in mainland China. The Company's flagship product SM03 is a potential global first-in-target mAb against CD22 for the treatment of rheumatoid arthritis (RA) and has completed the Phase III clinical trial for rheumatoid arthritis in China, which has been recognized as one of the significant special projects of Significant New Drugs Development of the Twelfth Five-Year Plan Period and the Thirteenth Five-Year Plan Period. In addition, the Company possesses other potential first-in-target and first-in-class drug candidates, some of which are already in clinical stage, with their indications covering rheumatoid arthritis (RA), Alzheimer's disease, systemic lupus erythematosus (SLE), pemphigus (PV), multiple sclerosis (MS), neuromyelitis optica spectrum disorder (NMOSD), non-Hodgkin's lymphoma (NHL), asthma, and other diseases with major unmet clinical needs.

This press release is issued by Financial PR (HK) Limited on behalf of SinoMab BioScience Limited. For further information, please contact:

Financial PR (HK) Limited
Contact: Ms. Chloe Chiu / Ms. Serena Zhang / Ms. Willa Xue
Email: sinomab@financialpr.hk
Tel: (852) 2610 0846
Fax: (852) 2610 0842

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Historic Launch of UISC Initiative to Address Climate Impact on Earth

Washington, D.C., Aug 14, 2023 – (ACN Newswire) – Dr. Egon Cholakian, a distinguished CERN and NASA scientist with an extensive experience in climate research and national security matters, has announced the Unified International Scientific Center (UISC) initiative on his newly-launched platform: Earth Save Science Collaborative (ESSC).

Dr. Egon Cholakian

This groundbreaking initiative led by Dr. Egon Cholakian aims to unite scientists from all around the globe to launch a comprehensive multidisciplinary study of the drastic effect of climate change on our planet, and to devise viable solutions to this global issue.

The creation of such a Unified International Scientific Center presents an unparalleled opportunity for researchers across diverse disciplines to converge, fostering multi-disciplinary research that transcends traditional boundaries. Driven by an innovative approach to physics that extends beyond the confines of quantum mechanics, the center's pioneering work promises to unlock new horizons for scientific exploration.

Central to this groundbreaking approach is a paradigm shift that holds the key to addressing the challenges posed by the rapidly changing climate.

"We will work under conditions of complete confidentiality as the path we embark on goes beyond even quantum physics, it is much more profound," – says Dr. Egon Cholakian.

The UISC extends an open invitation to all interested scientists, inviting them to contribute their expertise to this cutting edge endeavor.

Scientists interested in collaboration can submit their requests on the website:
https://earthsavesciencecollaborative.com

Dr. Cholakian's vision for the Unified International Scientific Center announced in his video brings together a diverse community comprised of experts in various fields, including physics, geophysics, geology, history, archaeology, neurophysiology, political science, religious studies, psychology, psychiatry, and numerous other scientific disciplines. By creating a unified platform for collaboration, Dr. Cholakian seeks to harness the collective power of these diverse minds for a singular purpose.

Highlighting the urgency of the global challenge, Dr. Egon Cholakian asserts, "The correct and only solution to this problem depends on talented, united scientists, endowed with unlimited scientific and financial resources. We must create a unified scientific community as soon as possible… We need to act together as a unified force, a unified mind, and a unified heart."

The Unified International Scientific Center embarks on a mission that transcends borders, serving humanity at large by advancing our understanding of climate change and cataclysmic events. This ambitious undertaking not only seeks to illuminate the causes and consequences of these phenomena but also endeavors to devise strategies to mitigate their impact, offering hope for a sustainable future.

Contact Information:
Dr. Egon Cholakian
Email: egoncholakian@earthsavesciencecollaborative.com
ESSC Website: https://EarthSaveScienceCollaborative.com

About: A. EGON CHOLAKIAN

A. Egon Cholakian PhD is a Visiting Researcher (National Security) at Harvard University, and a retired Physicist / Attorney. Lobbyist, U.S. Congress and White House, Member of NASA's NISAR mission team, CERN Laboratory's Future Circular Collider project team, and Lawrence Livermore National Laboratory's National Ignition Facility user team, Educator member, International Association of Intelligence Educators.

Contact Information
Egon Cholakian
Lead Scientist
egoncholakian@earthsavesciencecollaborative.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

On 3-Year Anniversary, Decimal Blockchain Celebrates Key Achievements, Transition to DAO

SINGAPORE, Aug 14, 2023 – (ACN Newswire) – It's been three years since the first block of the Decimal blockchain was launched. In this article, we will highlight the key milestones of Decimal's development and the biggest achievements.

Decimal blockchain DAO – DAO structure: NFT marketplace, DEX, stake, staking, blockchain

Development of the Decimal Blockchain

Mainnet launch date – August 1, 2020
2021: 50,000 active addresses, 50 algorithmic tokens, 12 validators
2022: 130,000 active addresses, 120 algorithmic tokens, 27 validators
2023: 190,000 active addresses, 250th position on the world blockchain list according to CoinMarketCap, 261 algorithmic tokens, 76 validators

The Decimal blockchain is based on the Cosmos SDK and Tendermint technologies. It has all the features required for integration of the Internet of blockchains (Web3.0), the DeFi sector, the global DSC update (Decimal Smart Chain) combining IBC and EVM, connecting the two largest infrastructures together.

Already at the time of its development in 2019, Decimal integrated trending solutions that many projects are implementing only now:

– Algorithmic tokens, available to any user. An algorithmically created token can be traded across the blockchain via the Decimal wallet or on the AmpleSwap DEX. And thanks to simple and reliable formulas, the use of these tokens is safe for all users.
– Voting: this allows the community to choose the direction of the project development. According to the roadmap, by the end of 2023, the powers will pass into the hands of the Decimal DAO.
– Multi-signature: provides secure joint asset management.
– Multisend transaction: mass sending of transactions is a convenient tool for marketing campaigns. Want to send your token as an advertisement to 1000 users? No problem, just insert a list of addresses and you're done.

2020:
– The team finalized the API and SDK for blockchain developers.
– The Decimal blockchain wiki was created as an open knowledge base for the project
– Developed a page explorer.decimalchain.com/coins – rating of projects by capitalization (currently 261 projects with reserve capitalization of 315,082,977 DEL ~ $6 million)

2021:
In 2021, the Decimal team implemented:
– Cross-chain bridges in the BSC/ETH network.
– NFT with the storage of the original inside and liquidity, which allows art to be endowed not only with cultural, but also with actual value.
– Infrastructure improvement, updating of all sites and services.
– Listings on exchanges and rating agencies.

2022:
– DSC (Decimal Smart Chain), EVM implementation, smart contracts.
– Integration with MetaMask, Keplr, Ledger, Trust Wallet, Tangem.
– Functionality for automatic burning of part of the commission.
– The ability to burn any token or coin.
– Integration with Third Web.

2023:
– Introduced Decimal DAO, a community-oriented platform for collaboration on projects, sharing resources and achieving common goals in a much more transparent, secure and decentralized environment.
– Release of Decimal DAO White Paper.
– Launch of the 1st DDAO round, a round of 200 million DDAO (~$4 million) completed in five days.
– Launch of DEX AmpleSwap.

Contact Information
Nick Bogorad
BD
pr@decimalchain.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Maxim: Society Pass (Nasdaq: SOPA) – Compelling Valuation; Positive on Organic Growth & M&A; Raises Revenue Targets for 2023 and 2024

New York, Aug 14, 2023 – (ACN Newswire) – Maxim Group LLC (“Maxim”) issues research report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.

Summary Points:

• Diversification – SOPA started 2022 with just F&B (food & beverage) and Leflair (lifestyle) and now has 6 verticals. The company has also expanded to 5 countries; Singapore, Vietnam, Philippines, Indonesia, and Thailand. Maxim believes there are significant cross selling opportunities. Specifically, Maxim believes Thoughtful Media can market the company’s other brands and the lifestyle business can be expanded geographically. Maxim has a positive view on the SEA market due to increasing mobile and ecommerce penetration, younger populations, travel coming back, and the opportunity to consolidate smaller companies. The acquisition of Inetindo creates additional expansion opportunities in other geographies and other branded products to be sold, and can increase the subscriber base that can be deployed to the potentially highest profit margin business of Society Points (loyal progam).

• Acquisitions – Acquisitions have diversified revenue streams to include Apple distribution stores, online advertising, travel/hotel ticketing, and telecom while expanding geographies in SEA. The Apple distribution stores acquisition was the largest acquisition to date in terms of revenue, with the potential to expand geographically and add users for its Loyalty program.

• Cashflow Positive – Management is forecasting to be cash flow positive at some point in 2H23.

• Healthy balance sheet – SOPA ended 2Q23 with unrestricted cash of $10.8M (close to the entire market cap of SOPA), slightly down from $13.8M at the end of 1Q23, and no material amount of debt. 2Q23 cash flow from operations was an outflow of ($2.9M). With expense reduction plans and newer businesses, along with the launch of the Loyalty program, Maxim expects the cash burn to decline and that current levels of cash should be sufficient to fund organic growth through 2024.

• Raise Revenue Targets – Maxim projects revenue to increase from $5.6M in 2022, to $16.5M ($15.0M prior) in 2023, up 194% y/y, with an adjusted EBITDA loss of ($11.0M) ($7.7M prior). For 2024, Maxim projects revenue of $44.3M ($25.1M prior), up 168% y/y.

• Compelling valuation/Reiterate Buy – Maxim targets share price to increase to $1.50. SOPA trades at an EV/revenue multiple of 0.1x Maxim’s 2024 revenue estimate vs. the peer average of 2.4x. Maxim’s $1.50 price target is based on its 10-year DCF analysis, which utilizes a 22% discount rate, 13x terminal multiple, and 3% terminal growth rate, equating to 0.7 x 2024 revenue estimate. Maxim’s positive outlook is supported by the attractive SEA markets and opportunities to consolidate smaller companies.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce 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, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused 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 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 signature Society Pass fintech 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 650,000 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; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

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:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

ASTI Says Fresh Attempt to Remove 5 Directors Is Invalid; Urges Shareholders to Attend FY2021 AGM on 31 August Instead

SINGAPORE, Aug 14, 2023 – (ACN Newswire) – ASTI Holdings ("ASTI" or the "Company") said today that a second attempt to call for an extraordinary general meeting ("EGM") to replace all 5 current directors, as well as the EGM itself, are invalid. Instead, it urged shareholders to ignore the invalid EGM and to attend the Company's Annual General Meeting for its FY2021 ("FY2021 AGM") scheduled for 31 August 2023.

Acting on the advice of its lawyers, ASTI said 4 requisitioners seeking to hold an EGM on 22 August 2023 had breached Company's constitution.

"The Requisitioning Shareholders are usurping the rights, powers and entitlements of the Board to scrutinize, attend and conduct the Proposed EGM (assuming it was otherwise properly held), and have made and continue to make it impossible for the Proposed EGM (assuming that it was otherwise properly held) to be actually, properly and validly held and conducted by the Board in all respects in compliance with the Constitution and such laws," ASTI said.

ASTI also pointed out that the requisitioners have failed and/or neglected, or deliberately and recklessly without regard to their duty to give such Notice of the EGM to "all Members" as required by the Constitution. Further, no notice was given to the Auditor, which is also a requirement of the Constitution.

The second attempt to overhaul ASTI's board is taking place after a consortium, Prospera Alliance Pte. Ltd. ("Prospera"), has expressed genuine interest to make a pre-conditional voluntary general cash offer (''Potential Exit Offer'') for the Company. The consortium comprises Stock Exchange of Thailand-listed Capital Engineering Network Public Company Limited ("CEN") and a substantial ASTI shareholder, Mr Heah Theare Haw.

Prospera, whose offer ASTI believes remains "the only and most advanced exit offer available at the moment", has said it is deeply concerned about the proposal to remove all current directors, and that it will re-assess the viability of implementing the exit offer.

As such, ASTI said it will continue to work with Prospera to address its concerns and to ensure amicable communications, so as to reach a viable solution in the best interest of the Company and for the benefit of all shareholders.

The 4 – Mr Ng Yew Nam ("Mr Ng"), Mr Lim Chee San, Mr Toh Cheng Hai and Mr Ng Kok Hian – had led an attempt in April 2023 – later deemed invalid – to call for an EGM to overhaul ASTI's board. In their second attempted EGM, being called under section 177 of the Companies Act, they seek to appoint 5 new directors including Mr Ng as Executive Director.

Among the 5 current directors they seek to remove is a CEN-nominated director, Mr Theerachai Leenabanchong. Prospera has informed ASTI that it is concerned whether this indicates that the new board is not receptive to the Potential Offer.

ASTI said that the requisitioners, in breach of the Company's Constitution, "clearly and unequivocally are usurping the right, power and entitlement" of the Board of Directors to conduct the Proposed EGM (assuming that it was otherwise properly held) in a proper manner.

Hence, shareholders should ignore the invalid 22 August 2023 EGM, ASTI said. To minimise disruptions caused by the requisitioners, the Company urged shareholders to focus on the FY2021 AGM 9 days later when they will be able to consider on the audited results, and vote on the election or re-election of directors and the appointment of the auditor for FY2022.

ASTI intends to release the FY2021 results by 16 August 2023 and hold the FY2021 AGM on 31 August 2023. This long-awaited AGM will allow ASTI to comply with and satisfy the requirements of the Second Notice of Compliance issued by the Singapore Exchange Regulation on 21 July 2023.

To address concerns of shareholders and to maintain a spirit of openness and discussion, ASTI has written today to the Securities Investors Association (Singapore) ("SIAS") to facilitate and moderate a Shareholders' Dialogue early next week, ahead of the FY2021 AGM.

ASTI said it intends to invite all shareholders, the requisitioners as well as representatives of the Potential Offeror to the dialogue. "We have been urging a spirit of open communications among all shareholders and with the Potential Offeror. Instead, the requisitioners have so far rebuffed our appeals with a response that they prefer legal correspondence," ASTI said.

"ASTI has already achieved a financial turnaround in the first half of FY2022. The presentation of the FY2021 audited results to shareholders on 31 August 2023 will facilitate the progress of the Potential Exit Offer which can unlock value for all shareholders. Hence, we continue to seek open dialogue with all parties concerned," the Company said.

The Potential Offer is subject to, amongst others, approvals being obtained from the Securities Industry Council ("SIC") of Singapore. ASTI has been informed that the Potential Offeror has submitted an application to the SIC for the necessary approvals.

ASTI recorded an unaudited profit after tax of S$3.0 million for FY2022 which reversed a pre-tax loss of S$8.1 million in FY2021. However, it could not exit the SGX-ST Watch-list by the 5 June 2022 deadline as its six-month average daily market capitalisation was short of the S$40 million threshold. After several attempts to extend the deadline were rejected, ASTI's shares were suspended from 5 July 2022 pending the completion of an exit offer.

Media & Investor Contact
Isaac Tang
WhatsApp (Text): +65 9748 0688 asti@wer1.net

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Power-up Your Vacations with LAC

SINGAPORE, Aug 14, 2023 – (ACN Newswire) – Whenever vacation season comes around, surely many of us with holiday plans are impatiently waiting to escape the mundanities of the daily grind and unwind overseas, pronto.

However, while travelling abroad can be an exciting experience, it exposes us to new environments and climates, leading to a higher chance of falling ill from all these jetting around. Research from the Centers for Disease Control and Prevention reveals that as many as 43%-79% of travellers to low- and middle-income countries become ill with a travel-associated health problem. The same study also revealed that travel duration is also a factor as the risk for a travel-associated illness increases with the length of the trip.

To combat these travel-bugs, LAC, Leader in Antioxidative Control, shares these useful travel supplements to pack in your suitcases:

For the Jetlagged and the Sleepyheads

When travelling to destinations of a different timezone, concerns of jetlag and fatigue are commonplace. The misalignment between the body's internal clock and the local time can cause poor sleep quality, causing lowered immunity. LAC Goodnight Powder is formulated with key ingredients such as melatonin, serotonin and Vitamin B6 to regulate the body's circadian rhythm – the perfect sleep supplement for the tired traveller, keeping your immune system right on track to fight off the nasty travel bugs.

For those Prone to Falling Sick

Ever wonder why people tend to fall sick easily while travelling? When visiting destinations that are climatically different from our own, factors such as stress or shifts in lifestyle may expose the body to free radicals which attack the body's immune cells.

To fully savour the sights, flavour and joy of an enjoyable travel experience, reducing the amount of free radicals each of us are exposed to, is important. The LAC MASQUELIER's(R) French Pine Bark Extract is jam-packed with Oligomeric proanthocyanidin complexes (OPCs). These specially-formulated antioxidants reduce the amount of free radicals in the body, allowing the body to combat pathogens and infections effectively.

For the Foodies

The Traveller's Diarrhoea (TD) is one of the most common issues travellers experience during travel. TD is spread mainly through food and water but it can also spread from person to person. While many travellers cite the local cuisine as one of the pulling factors to their holiday destination, being unfamiliar to common bacteria and viruses at their destination are often the primary cause of explosive diarrhoea and loose stools.

The LAC Probiotic Complex 25 Billion CFU would be a suitable solution to mitigate and alleviate the symptoms of TD, making it a perfect daily supplement for foodies who are always in search of the best local delicacies.

All in all, travelling often disrupts our routine and exposes us to different environments, potentially affecting our nutritional intake and immune response. LAC's supplements are a definite travel essential to support your overall health and well-being, ensuring that your body receives the essential nutrients it needs to power up and enjoy the vacation to the max.

About LAC Global

Headquartered in Singapore, LAC Global is one of Asia's largest speciality retailers in nutritional supplements, vitamins, minerals, herbal, and other speciality supplements in Anti-ageing and Beauty, Immunity, Weight Management, Sports Nutrition, and Energy.

The Company owns the LAC brand, short for Leader in Antioxidative Control?, a leading health and wellness supplement brand with a global presence. Since its founding, LAC has embarked on a pioneering journey to develop scientifically based formulas, harnessing the best of eastern wisdom and western technology to fight free radicals, combat ageing brought forth by oxidative stress, and support you daily in looking, feeling, and functioning at your best. Having established a global presence since 1997, LAC's reach includes Singapore, Malaysia, Taiwan, Philippines, China, Japan, Vietnam, Myanmar, USA, Central & South Americas, and the Middle East. Currently, there are more than 220 LAC branded stores in Singapore, Malaysia, Philippines and Taiwan ROC. LAC stringently sources ingredients from around the globe, such as USA, Japan, France, Australia, New Zealand and Switzerland to ensure utmost quality, and works only with the most specialised partners in developing and manufacturing health solutions.

Its other brands include Xndo Food For Health. LAC Global is dedicated to ensuring consumers stay well, and live life to the fullest.

Website: LAC.sg
Instagram: @LACGlobalSingapore
Facebook: @LACGlobalSingapore

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com