Society Pass Inc (Nasdaq: SOPA)/Gorilla Global Releases Its Next Generation Mobile Telecoms App Targeted at Travelers in Southeast Asia

Singapore, 19 June 2023 – (ACN Newswire) – Gorilla Global (“Gorilla”), the mobile telecommunications arm of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the release of its next generation mobile telecoms app, offering a full suite of smart digital mobile communication solutions for travelers and working professionals in the SEA region.

Customers can now download Society Pass either on:

● Apple Store or

● Google Play.

With the motto of “STAY CONNECTED, GET REWARDED”, Gorilla works with over 500 mobile operators across 190 countries, providing affordable roaming mobile data to business travelers in the SEA region and around the world through its proprietary e-SIM product. Embedded in the user’s mobile phone as a virtual SIM card, which eliminates the need for a physical SIM card, e-SIM technology offers the convenience of managing multiple cellular providers on a single device for traveling abroad and even separate plans for personal and business purposes. And later in 2023, Gorilla will launch its revolutionary Switchback Rewards feature, which allows any unused mobile data and credit to be converted into SOPA Loyalty Points and redeemed for rewards and offers across the SOPA platform. With a virtual mobile number, Gorilla’s users access cost-effective data plans to enjoy a reliable internet connection worldwide. And through its tiered data plans, Gorilla’s customers enjoy global mobile internet and have full control over their data spending.

Asia Pacific currently has over 100 million business travelers, representing more than 30% of the world’s market. According to Amadeus, by 2025, corporate travel spending in Asia Pacific is forecast to double and account for half of the world’s total. Rokas Sidlauskas, Chief Marketing Officer of SoPa, elaborates, “Gorilla’s next-generation technology is targeted to the fast-growing business travel segment here in SEA. Our digital e-SIM product allows customers to buy data credit and to stay connected online with their mobile devices while traveling abroad. By 2H 2023, our suite of services will expand into local e-SIM provisions. Gorilla plans to offer a revolutionary Switchback Rewards feature, allowing any unused mobile data and credit to be converted into SOPA Loyalty Points and redeem them for awards across the ecosystem.”

Going forward, customers can access Gorilla’s services in the following manner:

Howie Ng, Chief Technology Officer of SoPa, explains Gorilla’s three main products:

1) Gorilla Local e-SIM enables users to acquire a temporary local phone number while traveling, make phone calls, receive SMS, OTPs and other data through conventional 4G/5G network. Features include:

●Local e-SIM product with full flexibility and control over required data and talk-time
●Comes with local number
●Switch unused data back to Gorilla Points with SwitchBack
●Available globally
●Strategic partnership with Society Pass

2) Gorilla Global Mobile App allows users to:

●Purchase & Activate Gorilla Global e-SIM Service
●Purchase, transfer and send data plans and mobile credit to business associates, family and friends
●SwitchBack unutilized data (later in 2023)
●Eliminate the need for multiple SIM cards when travelling
●Avoid high roaming charges
●Enjoy benefits of the next-generation telco solutions

3) Gorilla SwitchBack’s features are the following:

●Unused data can be converted to SOPA Points using SwitchBack
●Proprietary technology, new age solution
●Transforming digital consumable into a digital rewards
●SwitchBack, save and redeem points to enjoy thousands of rewards
●No Limits, No Caps

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; and Pushkart.ph, a popular grocery delivery company in Philippines.

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 Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

GMEX ZERO13 and Zumo collaborate on new carbon credit offering for banks and corporates

LONDON, Jun 19, 2023 – (ACN Newswire) – ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and Zumo, the B2B digital assets infrastructure, announce a collaborative solution targeted at banks and their corporate and institutional clients who are looking to account for the carbon footprint of their digital assets and any aspect of their value chain.

The integrated solution will seek to enable Zumo to leverage GMEX ZERO13's hub connectivity to digital carbon registries, trade execution venue capability and its decentralised asset settlement network to source validated, high-quality, tokenised carbon credits. The solution will also provide customers with a flexible and transparent way to account for their carbon footprint through the procurement and custody of tokenised carbon credits, with ease of trading, clearing and settlement.

Zumo's established position as an FCA-registered UK entity will enable GMEX ZERO13 to harness Zumo's capabilities to onboard new banks, corporates and other institutions to its trading platform. This will support clients in their efforts to execute ESG Strategies with the help of blockchain technology.

Hirander Misra, CEO of GMEX Group and ZERO13, commented, "We are delighted to be able to unite the twin pillars of tokenisation and voluntary carbon markets with Zumo. Tokenised assets will represent some 10% of global GDP by 2030, while the global market for voluntary carbon credits is also forecast to increase exponentially in the coming decade. By leveraging the integrated tools from Zumo and distribution capabilities available through the ZERO13 platform, we can together deliver a transparent and trusted way for organisations to effectively trade, clear and settle their carbon credit purchases in a manner publicly verifiable by stakeholders."

Nick Jones, CEO of Zumo added: "This collaboration supports our ambition to be the one-stop shop for tokenised ESG assets and follows the recent launch of Oxygen, our B2B solution that quantifies electricity-based Scope 3 emissions associated with digital asset holdings with blockchain-verified Renewable Energy Certificates. Blockchain is emerging as a 'digital enabler' in tackling climate change and supporting the energy transition to a more sustainable infrastructure. Tokenising carbon credits and being able to accurately measure carbon footprint is a great example of the regenerative finance (ReFi) movement."

Key to the collaboration will be enabling Zumo's customers to operate their own and/or access trading platforms and associated liquidity pools for high-quality carbon credit assets and other instruments, and to provide end-to-end efficiency through the transaction lifecycle from onboarding (KYC/AML) to settlement. Through the GMEX ZERO13 Hub and ZERO13 Chain (Pyctor), banks and their customers can connect seamlessly with each other and with third-party registries, exchanges, and other counterparties to issue, trade, clear and settle tokenised carbon credits.

About GMEX Group Limited

GMEX Group (GMEX) offers sustainable digital solutions for the new age of global markets. The firm is a leading global provider of multi-asset exchange trading and post-trade software/software as-a-Service (SaaS) market infrastructure solutions and 'network of networks' digital platform services. GMEX addresses end-to-end regulatory and contract environment needs for issuance, trading, clearing and settlement across exchanges and across multiple asset classes including traditional, digital and hybrid assets, as well as digital carbon credits and ESG real-world assets.

It is the Winner of:
– 'Best Development in Fintech of the Year' – 2022
– 'Best Global Hybrid Finance FinTech Company' – 2022
– 'Best Solution for Trading Digital Assets' – 2023
– 'Most Influential Financial Technology Firms of 2023' – 2023

For further information on GMEX, please visit https://www.gmex-group.com/.

About ZERO13

ZERO13, a venture by GMEX, is an automated AI and blockchain-driven international carbon exchange, registry and aggregation hub ecosystem. The ZERO13 Hub provides a Platform-as-a-service, which offers a distributed point of entry for digital issuance, trading and settlement of carbon credits and real-world assets such as ESG securities. ZERO13 Hub connects multiple international carbon exchanges, registries, custodians and ESG project owners globally for supply verification, transparent pricing and real-time settlement using APIs and across blockchains enabled by ZERO13 Chain ('Pyctor').

For further information on ZERO13, please visit www.zero13.net/.

About Zumo

Zumo believes everyone should have access to sustainable finance, and that blockchain has the power to deliver this globally. Its mission is to provide a better planet for digital assets, delivering sustainable, accessible and secure ways to unlock the benefits of web3.

As an enterprise-focused digital-asset-as-a-service platform, Zumo's turnkey, API-based infrastructure offers a fast, flexible and compliance-sensitive route to market, empowering fintechs, banks, asset managers and brands to offer their clients the tools of the future simply, securely and sustainably while also opening up new revenue streams, attracting new customers and supporting customer retention.

A values-driven business, Zumo has underlined its commitment to a fairer society and a sustainable planet with an ambitious 2030 net zero strategy encompassing its own business; the blockchains it works with; and the wider digital asset ecosystem. Carbon-neutral since inception, the business is committed to ongoing collaboration in the decarbonisation of the digital assets industry. Zumo was an early signatory of the Crypto Climate Accord, the first digital asset business to receive UK government funding from the UK's national innovation agency, Innovate UK, to further its applied work on the decarbonisation of digital assets, and is now a key contributor to industry guidance on the energy consumption of blockchain, working in tandem with the World Economic Forum and the GBBC Digital Finance.

More information at: zumo.tech

MEDIA CONTACTS

GMEX Group and ZERO13
Alice Ellman-Brown
The Realization Group
Tel: +44 (0)7365 224 804
alice.ellman-brown@therealizationgroup.com
pr@gmex-group.com

Zumo
Amelie Arras
Zumo
amelie@zumo.tech

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

ADICON Announces Proposed Listing on the Main Board of The Stock Exchange of Hong Kong at an Offer Price of HK$12.32 Per Share

HONG KONG, Jun 19, 2023 – (ACN Newswire) – ADICON Holdings Limited ("ADICON" or "Company", stock code: 9860.HK), the pioneer of independent clinical laboratory ("ICL") and one of the top three ICL service providers in China, today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").

Business Highlights
— ADICON is one of the top three independent clinical laboratory ("ICL") service providers in China in terms of total revenues during the three years ended December 31, 2020, 2021 and 2022(1), according to Frost & Sullivan. ADICON believes its success is underpinned by its industry-leading operations, strong R&D and quality-control capabilities, as well as an experienced senior and regional management team.
— ADICON provides comprehensive and best-in-class testing services, primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China.
— ADICON offers a competitive and comprehensive catalog of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests. ADICON's testing volume grew at a compound annual growth rate ("CAGR") of 65.6% from 60.1 million in 2020 to 164.9 million in 2022.
— As of June 9, 2023(2), ADICON operates a dedicated cold-chain logistics network covering more than 19,000 customers across 30 provinces and municipalities and over 1,600 cities and counties in China.
— As a market leader in the ICL industry, ADICON is well-positioned to benefit from the growing demand for testing services in China, driven by a series of favorable government policies and industry tailwinds.
— ADICON plans to use the proceeds to drive future growth by enhancing the breadth and depth of its ICL network; continuing to apply innovative technologies to develop new testing methods; further optimizing its laboratory processes and logistics through automation; and selectively pursuing strategic investments and alliances, and other emerging growth opportunities.

Highlights of the Global Offering
— ADICON plans to offer an aggregate of 33,192,500 Offer Shares under the Global Offering (subject to the Over-allotment Option), consisting of 29,872,500 International Offer Shares (subject to reallocation and the Over-allotment Option) and 3,320,000 Hong Kong Offer Shares (subject to reallocation), at a price of HK$12.32 per share.
— ADICON will start its public offering in Hong Kong at 9:00 a.m. on Monday, 19 June 2023, and end at 12:00 noon on Friday, 23 June 2023. Dealings in shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") are expected to commence on Friday, 30 June 2023, with the stock code of 9860.HK, in board lots of 500 shares each.
— Morgan Stanley Asia Limited and Jefferies Hong Kong Limited are the Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

ADICON intends to offer an aggregate of 33,192,500 Offer Shares under the Global Offering (subject to the Over-allotment Option), consisting of 29,872,500 International Offer Shares (subject to reallocation and the Over-allotment Option) and 3,320,000 Hong Kong Offer Shares (subject to reallocation), at a price of HK$12.32 per share. The net proceeds from the Global Offering will amount to HK$480.9 million.

The Hong Kong Public Offering will begin at 9:00 a.m. on Monday, 19 June 2023, and end at 12:00 noon on Friday, 23 June 2023. Dealings in shares on the SEHK are expected to commence on Friday, 30 June 2023, with the stock code of 9860.HK, in board lots of 500 shares each.

ADICON has entered into cornerstone investment agreements with cornerstone investors including MR Global (HK) Limited (Mindray), Snibe Diagnostic (Hong Kong) Company Limited, Fosun Diagnostics (Shanghai) Co., Ltd., Timestar Elite Limited and Corelink, who have agreed to subscribe for such number of the Offer Shares which may be purchased at the Offer Price with an aggregate amount of approximately US$37 million (or approximately HK$290 million).

Mr. GAO Song, Executive Director and Chief Executive Officer of ADICON, stated: "We are committed to adhering to our mission of providing expert medical testing services to all as a market leader in the rapidly growing ICL industry in China. Advanced testing capabilities, innovation and best-in-class quality control standards remain at the core of what we do, and we look to utilize the IPO proceeds to further invest in advanced testing methods and applying innovative technology, as we work to continuously serve as a trusted and reliable partner for medical professionals and the general public."

Ms. YANG Ling, Chairwoman and Non-Executive Director of ADICON, and Managing Director at Carlyle Asia, commented: "We believe the ICL market in China is still in a nascent stage compared to that of other developed countries, and there remains significant room for the industry to grow. As one of the market leaders, ADICON is well-positioned to benefit from this, particularly with its expanding service offerings and strong execution capabilities."

Morgan Stanley Asia Limited and Jefferies Hong Kong Limited are the Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

A Market Leader in the Rapidly Growing ICL Industry

Driven by a series of favorable government policies and industry tailwinds, China's ICL market size grew rapidly at a CAGR of 10.9% from RMB14.7 billion in 2017 to RMB22.3 billion in 2021 and is expected to further grow at a CAGR of 18.2% to RMB51.3 billion by 2026, according to Frost & Sullivan. As one of the top three ICL service providers in China, ADICON believes that it is well-positioned to benefit from the growing demand for testing services in China.

ADICON currently offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of self-operated laboratories across China.

— As of the Latest Practicable Date, ADICON has built an extensive service network of 33 self-operated laboratories covering over 30 provinces and municipalities across China.
— ADICON also maintains an industry-leading comprehensive test menu with over 4,000 test items, including over 1,700 routine tests and over 2,300 esoteric tests, allowing the Company to provide testing services to over 19,000 customers by the end of 2022, ranging from medical institutions, health check centers, to biopharmaceutical companies and contract research organizations ("CROs").
— In the past three years, ADICON's testing volume increased by 33.9% from 60.1 million in 2020 to 80.5 million in 2021, and further increased by 104.8% to 164.9 million in 2022.

Aided by the changes implemented by Pearl Group Limited, ADICON's Controlling Shareholders, a company owned by funds which are ultimately controlled by global investment firm, Carlyle, since 2018, ADICON experienced rapid growth and strong financial performance during the Track Record Period. The total revenues grew at a CAGR of 33.1% from RMB2,741.7 million in 2020 to RMB4,860.6 million in 2022. The adjusted EBITDA (non-IFRS measure) grew at a CAGR of 34.0% from RMB567.6 million in 2020 to RMB1,019.8 million in 2022. The adjusted net profit (non-IFRS measure) grew at a CAGR of 30.1% from RMB367.0 million in 2020 to RMB621.1 million in 2022. (3)

ADICON's non-COVID-19 business has also maintained its growth momentum, with revenues totaling RMB1.817 million, RMB2.147 million, and RMB2.576 million in 2020, 2021 and 2022, respectively. With the lift of COVID-19 restrictions in China, demand for the base testing services rebounded, which boosted ADICON's non-COVID-19 revenue growth. Revenue contribution by non-COVID-19 testing business increased significantly from the three months ended March 31, 2022 to the same period in 2023.

Top-Tier and Experienced Management Team Solidified by Shareholder Support

ADICON has assembled a senior management team with in-depth industry insights and extensive experience in global and Chinese healthcare companies and a track record of success which was further bolstered by the addition of Pearl Group Limited, a company owned by investment funds which are ultimately controlled by Carlyle, as ADICON's Controlling Shareholder since October 2018.

The additional resources, expertise and professional management from Pearl Group Limited and other investors have enhanced ADICON's corporate compliance and reset its growth path. The Controlling Shareholders have also provided ADICON with substantial strategic insights and have helped it to strengthen its management capabilities, operational efficiency, business development capabilities, and corporate governance, and have led the Company in its rapid growth and robust track record results.

Comprehensive, High-Quality and Advanced Test Portfolio, Underpinned by Strong R&D and Quality Control Capabilities

ADICON's testing portfolio is at the core of its services: ADICON offers a competitive and comprehensive catalog of over 4,000 medical diagnostic tests as of December 31, 2022, spanning a variety of specialty groups, including among others, clinical immunologic testing, clinical chemistry testing, clinical molecular biology testing, and pathology testing. Its testing portfolio allows the Company to offer a broad spectrum of testing options that facilitate physicians' diagnostic and treatment decisions, and the Company can also customize its test menu to fulfil the specific testing demands from medical institutions, pharmaceutical companies, CROs and other customers.

The comprehensive testing offerings are supported by state-of-the-art laboratories equipped with advanced testing technologies, ranging from chemical analyzers, hematology analyzers, histopathology, flow cytometry, molecular pathology and mass spectrometry to next-generation sequencing (NGS) and digital polymerase chain reaction (dPCR) technologies. Its advanced testing technologies also allow ADICON to efficiently expand into various specialty areas and rapidly develop innovative testing offerings to cater to the evolving clinical needs.

Strong R&D capabilities are the backbone of ADICON's high-quality test offerings: As of the Latest Practicable Date, ADICON owned 228 registered patents, covering its major business focus areas, namely infectious diseases and blood diseases, as well as fields with large and unaddressed clinical demand such as personalized medication, single-gene genetic diseases and solid tumors. ADICON also proactively collaborates with reputable medical research institutions, universities and hospitals to develop new testing methods and technologies to further strengthen its testing capabilities. In addition, ADICON has a dedicated R&D team led by industry veterans who have over 10 years of industry experience and expertise.

Quality control underpins ADICON's abilities to constantly offer high-quality testing services to earn trust and loyalty from its customers: As of December 31, 2022, 18 of ADICON's laboratories were accredited by ISO15189, which enables the Company to provide customers with the assurance that comes with a rigorous global standard. ADICON has established a "headquarters – laboratory" two-level quality assurance system, with all facets of its services subject to stringent quality control standards and measures.

During the Track Record Period, ADICON received over 4,100 external quality assurance ("EQA") certificates. ADICON believes its quality assurance has positioned it strongly to broaden its customer base and capture an increasing market share.

Industry-Leading ICL Operational Capabilities

As an industry leading ICL service provider with a national footprint, ADICON has excellent operational capabilities.

— By the end of 2022, ADICON maintained a robust and nimble logistics network via ground, rail, and air, covering more than 19,000 customers across 30 provinces and municipalities and over 1,600 cities and counties in China. ADICON's logistics capacities ensure speedy transportation of samples and timely reporting of testing results. During the Track Record Period and up to the Latest Practicable Date, ADICON was able to achieve daily same-day delivery of up to 540,000 samples.

— ADICON's effective sales and marketing activities have also helped further fuel its business growth. ADICON has a highly trained and educated in-house sales and marketing team of over 1,500 personnel nationwide, as of December 31, 2022, who actively interact with medical institutions, physicians and key opinion leaders on a regular basis to introduce and promote ADICON's services.

— ADICON also has a specialized sales team of over 200 industry veterans who have extensive knowledge in the relevant specialty areas to promote its esoteric tests. ADICON regularly organizes, sponsors and participates in industry-leading academic conferences, seminars, and symposia to strengthen its brand awareness among medical professionals.

Strong Growth Trajectory Fueled by Expanding Service Offerings and Superior Execution

Network expansion: Supported by a replicable "headquarters – laboratory" two-level management scheme, ADICON has rapidly expanded its footprint nationwide. The number of its laboratories grew from 19 as of December 31, 2018, to 33 as of the Latest Practicable Date, allowing ADICON to serve over 11,000 customers in 2018 to over 19,000 customers in 2022 – ranging from medical institutions and health check centers to biopharmaceutical companies and CROs across 30 provinces and municipalities. Under this scheme, ADICON plans strategies and initiatives centrally and monitors the quality of local executions effectively. The headquarters establishes unified standardized operating procedures and policies which can be carried through and implemented across ADICON's laboratories nationwide, which allows it to open new laboratories and integrate acquired ones cost-effectively and efficiently.

Expanding service offerings: ADICON's test menu has expanded significantly from approximately 1,800 test items in 2018 to over 4,000 test items in 2022. In particular, ADICON's esoteric tests grew from over 650 in 2018 to over 2,300 in 2022. To expand its service offerings continuously, ADICON has entered into partnership agreements with the world's leading and internationally acclaimed companies in the life sciences industry, thus reinforcing its market leadership. In June 2022, the Company entered into a strategic partnership agreement with Guardant Health (Nasdaq: GH), a leading precision oncology company, pursuant to which, the Company is granted the exclusive rights to perform Guardant's industry-leading comprehensive genomic profiling (CGP) tests for researchers in China. ADICON is also the exclusive licensee to process Guardant's proprietary liquid and tissue biopsy assays in China. ADICON also entered into a master lab agreement with a leading global CRO in April 2021, to provide comprehensive, integrated drug development, laboratory and lifecycle management services, and testing services for its designated clinical research study or projects.

Broader customer range: After four years of rapid development, ADICON has significantly expanded its services to all types of medical institutions, health check centers, biopharmaceutical companies and CROs. In April 2019, ADICON started a collaboration with Meinian, a leading health examination and consulting service provider and provided testing services for its health check centers across the country, and soon established a strong presence in the health check market in China. By the end of 2022, ADICON has served a total of over 930 health check centers in China. By leveraging its strong testing capabilities, ADICON also offers testing services to globally and domestically reputable biopharmaceutical companies and CROs, assisting them in streamlining their drug development process and accelerating clinical trials.

Focus On Further Strengthening Its Testing Capabilities and Portfolio to Drive Future Growth

Looking ahead, ADICON plans to leverage the proceeds from this Global Offering to enhance the breadth and depth of its ICL network by strategically penetrating untapped markets; continue to develop new testing methods and apply innovative technologies; further optimize IT infrastructure as well as automate its laboratory processes and logistics; and selectively pursue strategic investments and alliances, and other emerging growth opportunities.

About ADICON Holdings Limited

ADICON Holdings Limited ("ADICON" or "Company", stock code: 9860.HK) is one of the top three independent clinical laboratory ("ICL") service providers in China, which offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China as of the Latest Practicable Date. Leveraging its strong R&D and quality control capabilities, ADICON offers comprehensive, high-quality and advanced test portfolios. As of December 31, 2022, ADICON offers a competitive and comprehensive catalog of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests, allowing ADICON to provide testing services to over 19,000 customers, ranging from medical institutions, health check centers, to biopharmaceutical companies and CROs. As a market leader in providing ICL services in China, ADICON is committed to continuously serving patients and the general public with its high-quality testing services, and becoming a trusted and reliable partner for medical professionals and the general public.

(1) Defined as the "Track Record Period".
(2) Defined as the "Latest Practicable Date".
(3) The use of such non-IFRS measures has limitations as an analytical tool, and they should not be considered in isolation from, or as substitute for analysis of, the results of operations or financial condition of the Company as reported under IFRS.

This press release is issued by Porda Havas International Finance Communications Group for and on behalf of ADICON Holdings Limited For further information, please contact:

Porda Havas International Finance Communications Group
Telephone: 852 3150 6788
Email: pearl.hk@pordahavas.com

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

BREATHE! Convention Charts New Territory with World’s Largest Communal NFT

LAS VEGAS, NV, Jun 19, 2023 – (ACN Newswire) – BREATHE! Convention, a leading event in the emerging tech space, proudly announces a groundbreaking endeavor to set a new Guinness World Record with the creation of the World's Largest Communal NFT, during its upcoming convention in Las Vegas from September 13 to 15, 2023.

At the heart of this year's convention is a monumental collaborative art project spearheaded by tech industry veteran and creative thinker, Aaron Vick. Known for his innovative digital art pieces, Aaron Vick will facilitate the creation of an 18-foot by 30-foot art piece that will serve as a symbolic testament to the spirit of Web3 and the community. Convention attendees will contribute to this massive piece, adding their signatures, doodles, or drawings during the event.

"As we merge art, technology, and community to create the world's largest communal NFT, we're tapping into the collective creativity of the Web3 community," said Aaron Vick. "The anticipation to witness the contributions of each attendee to this groundbreaking project gives me FOMO, & I'm going to be there!"

Celebrated New England photographer Lauren McDonagh-Pereira is set to capture the high-resolution images of the completed art piece, which will then undergo rendering as a single art piece for minting on the Tezos Blockchain. This procedure produces a unique and historic NFT, destined for airdrop to the contributing attendees after minting, cementing their involvement in this monumental event.

"BREATHE! Convention is spearheading the creation of the world's largest communal NFT, an embodiment of the future," said Shawn Willis, our CEO and Founder. "This unique venture stands as a testament to the power of Web3 ethos, harnessing the strength of the community."

Notable events recently on the Tezos Blockchain include the artist Refik Anadol's 3D installation displayed at the MOMA in NYC, which provided viewers a commemorative NFT.

BREATHE! Convention continues to build itself as the premier platform for innovators, artists, and leaders in the emerging tech space. This year's convention is committed to showcasing an exciting, historic event that will inspire, educate, and empower attendees.

For more information about BREATHE! Convention, the World's Biggest Communal NFT, and how to attend, please visit www.breatheconvention.com.

About BREATHE!

Taking place on September 13-15, 2023 at The Expo at World Market Center Las Vegas, BREATHE! Convention is renowned for fostering mass adoption and educational opportunities in industries that include Web3, AI, Blockchain, Metaverse, AR/VR, NFT technology, and more. The convention is backed by a strong community of investors, founders, developers, and educators who are committed to empower attendees and participants to learn, apply, and thrive in the rapidly changing tech landscape.

Visit www.breatheconvention.com to secure your ticket to attend and inquire for exhibiting and sponsoring opportunities. BREATHE! is active on social media, providing the latest news and updates to the event.

About Aaron Vick

Aaron Vick is a pioneering artist and creative thinker known for his innovative digital art pieces. With a fearless and irreverent approach, Aaron challenges traditional norms and pushes the boundaries of artistic expression. His work reflects a unique blend of artistry, philosophy, and dark humor, inviting viewers to question their beliefs and explore new frontiers.

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Press Contact: Brian Edmiston
+1 833-931-3128
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Playbux and iQIYI Globally Launch ‘Watch to Win’

SINGAPORE, Jun 16, 2023 – (ACN Newswire) – Playbux.co, the largest "X" to win web3 platform in the world, and iQIYI, the global streaming leader specialized in premium Asian content, are thrilled to announce their groundbreaking collaboration, set to redefine the way audiences engage with digital content. This unprecedented partnership aims to empower individuals worldwide to enjoy premium yet free content while unlocking enticing digital prizes through the revolutionary "Watch to Win" feature.

Playbux X iQIYI partnership
Playbux X iQIYI watch to win global launch

On June 15, 2023, Playbux.co and iQIYI will unveil their visionary collaboration, propelling streaming entertainment into the future. By seamlessly integrating the cutting-edge capabilities of web3 technology with iQIYI's unparalleled streaming expertise, this partnership will revolutionize the way users consume and engage with their favorite content such as Oh No Here Comes Trouble, Love Between Fairy and Devil, just to name a few.

"Watch to Win" is the pinnacle of this transformative collaboration-a groundbreaking feature that empowers viewers to win captivating digital prizes as they immerse themselves in the vast world of iQIYI's diverse content library. Through Playbux.co's innovative web3 platform, users will be able to participate in interactive experiences, competitions, and challenges while enjoying their favorite shows and movies on iQIYI.

This collaboration reflects the shared vision of Playbux.co and iQIYI to create a dynamic ecosystem that combines entertainment and incentives. By leveraging the power of blockchain technology, Playbux.co ensures transparency, security, and seamless transactions for users, while iQIYI brings its exceptional content lineup and massive user base to the partnership. The result is an unparalleled streaming experience that offers both entertainment value and exciting rewards.

"We are thrilled to embark on this momentous partnership with iQIYI," said Sarun Vichayabhai, CEO of Playbux.co. "Together, we are redefining the streaming landscape by introducing 'Watch to Win,' a feature that will unlock a new dimension of engagement and rewards for our users. This collaboration marks a major milestone in the evolution of digital entertainment, and we are excited to bring it to audiences worldwide."

iQIYI, renowned for its premium content library spanning a wide range of genres and formats, shares Playbux.co's commitment to innovation and user-centric experiences. By harnessing the power of Playbux.co's web3 platform, iQIYI further strengthens its position as a pioneer in the streaming industry, offering users an unparalleled streaming experience that transcends traditional boundaries.

"We are excited to join forces with Playbux.co and introduce the 'Watch to Win' feature to our international users," said Frank Ye, Vice President and Head of Technology and Product at iQIYI. "This collaboration allows us to enhance our viewers' streaming experience by offering not only top-tier content but also an opportunity to win captivating digital prizes. iQIYI is committed to pushing the boundaries of entertainment, and this partnership aligns perfectly with our vision."

The Playbux.co and iQIYI partnership represents a transformative step forward in the streaming industry. The feature will be available to iQIYI users in strategic markets including Canada, Indonesia, Malaysia, Singapore, Thailand, Vietnam, The Philippines and The United States. As two industry leaders join forces, users can expect an unparalleled level of engagement, rewards, and entertainment value. Stay tuned for the official launch of the collaboration on June 15, 2023, as the world witnesses the birth of a new era in streaming.

About Playbux.co

Playbux.co is the largest web3 x to win platform in the world that combines entertainment and incentives, offering users unique interactive experiences and rewards. With its seamless integration of blockchain technology, Playbux.co ensures transparency, security, and a dynamic ecosystem for users to enjoy a wide range of entertainment options.

About iQIYI

iQIYI is an on-demand video streaming service providing beloved pan-Asian entertainment to international viewers. Offering both ad-supported and VIP subscription services, iQIYI delivers premium drama series, movies, variety shows, and anime; with local languages and subtitles; powered by cutting-edge technology. iQIYI international service can be enjoyed on any device via iQ.com and the app.

Contact Information
Sarun Vichayabhai
CEO
sarun@mycashback.co

Related Files
watch to earn by Playbux.pdf https://pr.report/6eWNB-ht

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

Insurtech Start-Up Breach Launches Carrier, Raises Investment Round Led by RW3 and LightShed Ventures

BOSTON, Jun 16, 2023 – (ACN Newswire) – Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency market, has been approved by the Bermuda Monetary Authority (BMA) to launch a new class IIGB insurer. Breach was created with a mission to make crypto safer by creating net new insurance capacity and innovative insurance products. Today's announcement is a foundational block in Breach's missions to build a healthier ecosystem for all stakeholders.

The new carrier will allow Breach to underwrite emerging crypto risks as a primary insurer, with a key focus on the development of bespoke embedded products tailor made for crypto native technologies. There is a significant underwriting and actuarial gap for custom insurance solutions that the company is solving for with its expanded offering. The new offerings will be available through Breach's proprietary insurtech platform via simple APIs that can help partners embed regulated insurance into their technology in a few weeks instead of several months.

The IIGB license is a special innovation class license designed for underwriting crypto risks. With the full-stack carrier, Breach has obtained regulatory authority to operate natively in both crypto and fiat with the ability to denominate policies, receive payments, and pay claims all in crypto. These capabilities are unique as only a handful of insurers currently have the license and also important to the crypto space as risks can now be underwritten natively in the same asset.

In support of Breach's expansion as a global insurer, the company also raised a fresh round of funding led by RW3 and LightShed Ventures, with participation from Raptor, Foundation Capital, Road Capital, Republic Capital, and Alumni Ventures. The capital raised will be used to launch the new Bermuda insurance carrier and to continue growing its countrywide licensed MGA in the US. Breach is also expanding its proprietary insurtech platform for use with upcoming commercial-grade products.

Joe Bruzzesi, General Partner at RW3 and ex-BitGo head of Americas, was the deal lead for RW3 in the round. "As an investor and entrepreneur with more than six years of experience in the crypto industry, I have observed a growing demand for insurance. In my past role, where I helped develop one of the leading crypto custodians, I saw firsthand the imbalance between the supply and demand for insurance. I am confident that the Breach team has the necessary combination of experience and innovation to address one of the industry's most significant challenges, and I am thrilled to support their mission," said Joe Bruzzesi.

"The crypto industry has been grappling with rising regulatory scrutiny while looking for ways to gain credibility with both investors and the public. We view insurance as one of the first steps in professionalizing and safeguarding the industry, and we believe the Breach team has the experience, approach, and timing to the market to bring effective coverage to both individuals and businesses," said LightShed Ventures General Partner/Co-Founder, Jamie Seltzer.

Breach is an insurtech with an exclusive focus on crypto risks. Although unregulated decentralized insurance protocols have gained popularity in the crypto space, Breach has instead placed an emphasis on developing creative and regulated insurance solutions by utilizing their deep crypto and insurance industry expertise.

Breach CEO, Eyhab Aejaz, said in a statement: "The launch of our insurance carrier is a major milestone not only for Breach, but also the crypto industry. With the capability to iterate on products, pricing, and the delivery of our products, we aim to unlock significant potential that the crypto market has been held back from.

I am ecstatic to have tier-one investors join our cap table as they have immediately jumped in and rolled up their sleeves to support us in our mission to bring scalable, regulated insurance to the crypto industry. Over the last two years we have continued to build on our underwriting capabilities and have drastically expanded our proprietary, best-in-class crypto hack event database, which will help us further refine pricing and further develop our modeling."

For more information on Breach and its industry-leading services, visit https://breachinsured.com.

Contact Information:
JJ Nelson
Public Relations Lead
jnelson@interknow.com
3106258816

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

Clarence Seedorf and Khabib Nurmagomedov, With Their SK Sports Holding, Sign Global Partnership With FITLIGHT

MIAMI, FL, Jun 16, 2023 – (ACN Newswire) – SK Sports Holding, which opened its first Seedorf Khabib Performance Club in 2022 and was founded by legendary Dutch footballer Clarence Seedorf and UFC champion Khabib Nurmagomedov, enters into a Global Partnership with FITLIGHT(R) to provide its football schools globally with the FITLIGHT(R) neuroperformance technology. SK Performance Clubs offer a unique training methodology, combining football and martial arts. The goal is to give kids around the world access to physical and mental exercise for them to gain more confidence to socialize and reach any goal in life.

SK Performance Club
Khabib Nurmagomedov & Clarence Seedorf

FITLIGHT(R) is a revolutionary performance training system that combines wireless LED lights and sensors with an intuitive mobile app to create an immersive and interactive workout experience. Through its patented technology, FITLIGHT(R) has created a unique way for athletes to develop speed, agility, and cognitive functions such as decision-making and reaction time – three key elements of peak performance.

"We are thrilled to partner with FITLIGHT(R) and leverage their state-of-the-art technology within our organization," said Clarence Seedorf, CEO of SKSH. "Our mission is simple: support every kid in our schools around the world to reach a level of self-esteem through physical and mental exercise to become the best version of themselves. We believe that FITLIGHT(R) will play a major role in supporting us to achieve this goal by providing us with effective tools for improving the overall performance of the youngsters so they can become great athletes and good people."

"We are excited to join forces with SK Sports Holding to bring our technology to kids around the world," said Rob Bouw, Director of Sales for FITLIGHT(R). "For years, we have seen firsthand how our system can help improve the performance of all types of athletes, from professional football players to racecar drivers. When Clarence and Khabib, both champions in their sport, reached out, it didn't take long for us to set up this partnership. Their vision aligns with our mission, and we are extremely proud to be their technology partner."

For more information on SK Performance Club, FITLIGHT(R), and their partnership, you can visit www.sksportsholding.com and www.fitlighttraining.com.

Contact Information
Rob Bouw
Director of Sales FITLIGHT
robb@fitlightusa.com
+13058420414

Alessandro Lutzu
Manager
a.lutzu@onmanagementgroup.com
+393464720500

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

22nd Edition of Manufacturing IT Summit: India

MUMBAI, INDIA, Jun 16, 2023 – (ACN Newswire) – India's manufacturing sector is a key driver of economic growth, and there are several initiatives aimed at fuelling this growth. It plays a crucial role in helping the economic engine of any country, and India is no exception. The Indian government has been actively promoting the growth of the manufacturing sector as a means to boost economic development, create jobs, and increase exports.

As a prominent participant in the global manufacturing sector, India is recognising the significance of Industry 4.0 in transforming conventional manufacturing methods through advanced technologies. With sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables exhibiting exceptional performance, manufacturing has emerged as a crucial pillar for the country's economic expansion.

The Manufacturing IT Summit, India will take place on 23rd June at Novotel, Mumbai International Airport. More than 120+ IT decision makers and influencers will gather at the conference to participate in discussions on crucial technology matters affecting the contemporary manufacturing industry. Its primary objective is to facilitate discussions on pressing technological challenges, foster extensive collaboration, and generate innovative ideas among participants.

At the Manufacturing IT Summit, India you will hear from industry experts and thought leaders who will share their expertise and knowledge on topics such as:
– Industrial Revolution 4.0 – Future with Agility and Resilience.
– The Future of Manufacturing in the Age of Generative AI and Robotics.
– Developing a Comprehensive Cybersecurity Strategy.
– End-to-End Manufacturing Cloud to Create Future-Proof Businesses.
– Sustainable Green Manufacturing in India: Policies, Regulations, and Funding Opportunities.
– Integration – The Invincible Key Ingredient of the Digital Jungle!

The Manufacturing IT Summit, India will feature the following speakers:
– Purushottam Kaushik, Head- Centre For Fourth Industrial Revolution, India ,World Economic Forum.
– Hariharan Iyer, Group CIO, Raymond Group.
– Amar Variawa, Country Director – Public Affairs, Sustainability & ESG, Michelin India Private Limited.
– Gopi Thangavel Ph.D, CCISO, CISM, PMP, MCSA, Senior Vice President, Reliance Industries Limited.
– Bhushan Deshpande, CIO, ArcelorMittal Nippon Steel India.

Who can attend?
The Manufacturing IT Summit will be attended by top executives and leaders such as CIOs, CTOs, CDOs, CISOs, VPs/ Directors/Heads of IT, Supply Chain, Manufacturing, Digital Transformation, Cloud and Automation, IT Infrastructure, Logistics and Cyber Security from industries including FMCG, Plastics, Oil & Energy/Petroleum, Food Production, Metal and Metal products, Medical Device Manufacturers, Wood, Leather and Paper Products, Electricals and Electronics, Textiles and Textile Machinery, Automotive and Auto Components, Pharmaceuticals, Chemicals and Fertilizers.

About Exito

Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

For more information on Manufacturing IT Summit, India, Visit:
https://manufacturingitsummit.com/india/

Contact:
Mithun Gopinath
Manager-Projects
Exito Media Concepts
mithun.gopinath@exito-e.com

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

GF Securities Sponsors the HKUST Entrepreneurship Competition for the 7th Consecutive Year To Help Nurture Young Entrepreneurs in Hong Kong

HONG KONG, Jun 16, 2023 – (ACN Newswire) – Recently, "HKUST-Sino One Million Dollar Entrepreneurship Competition 2023" (referred to as the "Entrepreneurship Competition" or "Competition") sponsored by GF Securities Co., Ltd. ("GF Securities", stock code: 1776.HK; 000776.SZ) for the 7th consecutive year, has come to a successful end at the Hong Kong University of Science and Technology on June 7. This year's competition attracted 234 participating teams, hitting a record high. After fierce competition, Allegrow, aiming to bring cell therapeutics to all with its self-developed platform, AimGel, and enabling faster and cheaper cell therapeutics production through its proprietary hydrogel microbead technology, stood out from many participating projects and won the Champion of the competition and the "GF Innovation Award" sponsored by GF Securities. Ms. Xiaoying MAI, Executive Director of GF Investments (Hong Kong) Co., Ltd., was invited to attend as the award presenter and judge for two consecutive years, providing professional advice and guidance to the participating teams.

Ms. Xiaoying MAI, Executive Director of GF Investments (Hong Kong) Co., Ltd. (first left), presented the "GF Innovation Award" to Allegrow

A group photo of the award-winning teams with the award presenters and final judges in the Entrepreneurship Competition (Hong Kong region)

Mr. Xiaodong LIN, CEO of GF Holdings (Hong Kong) Corporation Limited, also paid close attention on the entrepreneurship competition and encouraged the participating teams. He believes that "Entrepreneurs are people who dare to take risks, envision new possibilities, and fearlessly pursue their dreams. With their innovative ideas and unwavering dedication, entrepreneurs have the potential to make a long-lasting impact on the world. The entrepreneurship competition cultivates a sense of community among young entrepreneurs, enabling them to learn from each other and join hands to work on new ideas. GF Holdings (Hong Kong) is dedicated to entrepreneurial spirit through this kind of competition to invest in the future."

Established in 2011, HKUST-Sino One Million Dollar Entrepreneurship Competition has been held for 13 sessions. As the platinum sponsor of the competition for 7 consecutive years, GF Securities has been fully supporting innovation and entrepreneurship of youths. The Company also sponsored the "GF Innovation Award" for 5 consecutive years to specially recognize the entrepreneurial teams with innovative breakthrough. At present, the competition has expanded from Hong Kong to other regions in China, including Beijing, Guangzhou, Macau, Shenzhen, and Foshan, becoming a well-known youth entrepreneurship competition in Greater China. So far, more than 700 teams from all over the world with different scientific research backgrounds such as artificial intelligence and medical etc. participated in the competition, of which many widely recognized start-ups and projects have been cultivated. Moreover, the top 3 teams from the Hong Kong region will be eligible to participate in the national final held later this year, together with the winning teams from the other five regions, to jointly compete for the national championship.

With the theme of "Empower your Future", this year's competition attracted 234 participating teams, which was a record-high number. This year's competition had three rounds of evaluation, and the participating projects were mainly focusing on hot topics such as healthcare, artificial intelligence, and sustainable development. ESG, as a hot issue, also earned widespread attention from entrepreneurs and 80% of the projects this year have involved ESG-related element. As the long-term sponsor of the competition, GF Securities proactively participated in the competition progress. Ms. Xiaoying MAI, Executive Director of GF Investments (Hong Kong) Co., Ltd., was invited to attend as the award presenter and judge for two consecutive years, providing professional advice and guidance to the participating teams.

Ms. MAI said, "It is a great honor to represent GF Securities in the entrepreneurship competition again this year and act as the award presenter and judge. This year's competition brought many excellent entrepreneurial teams together, and we fully recognized their outstanding innovative spirit and market insights in their presentations. As the offshore investment arm of GF Securities, GF Investments (Hong Kong) has always paid close attention to outstanding start-ups in various fields. In the future, GF Securities and its subsidiaries will continue to fully support great entrepreneurs and the growth of start-ups, to enable more aspiring youth to realize their entrepreneurial dreams, and support more outstanding university research results to be commercialized. "

As one of the most influential securities companies in China's capital market, GF Securities has devoted to substantial charity work. Domestically, GF Securities has been focusing on technological innovation through projects such as "Micro Enterprising Initiatives for University Students" to support young students in their innovative and entrepreneurial practices. GF Securities has successfully held micro-entrepreneurship activities for eight consecutive years, with a cumulative investment of more than 10 million dollars to help college students improve their innovation and entrepreneurship capabilities. So far, it has attracted 8,830 micro-entrepreneurship projects from college students, of which 400 projects have received reward and support, earning high brand awareness and influence among over 1,000 domestic colleges and universities. In the future, GF Securities will continue to adhere to its core value of "Gathering Love From the Bottom of the Heart", actively fulfil its social responsibilities, and strive to enhance the vigorous development of youth entrepreneurship both domestically and abroad.

About GF Securities Co., Ltd.
Established in 1991, GF Securities Co., Ltd. is one of the first full-service securities firms in China. The Company was successfully listed on the main boards of the Shenzhen Stock Exchange (Stock code: 000776.SZ), and the Hong Kong Stock Exchange (Stock code: 1776.HK), in 2010 and 2015 respectively. Due to its excellent business performance, its continued refinement in risk management and its quality services, the Company has achieved sustained and steady development, and remains one of the most influential securities companies in China. As of December 31, 2022, the Company had 338 subsidiaries and branches across 31 provinces, cities, and autonomous regions throughout China. The Company's market-leading capital strength and profitability has allowed it to rank top among domestic listed securities companies in terms of aggregate market value. Relying on the " GF Securities Social Charity Foundation ", the Company actively fulfils its social responsibilities, focusing on the two major areas of poverty alleviation and aiding education, proactively practising social responsibilities, and the Company's reputation and brand influence improve continually.

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

AIS partners King Mongkut’s University of Technology Thonburi to launch the First Thailand Cyber Wellness Index

BANGKOK, Jun 16, 2023 – (ACN Newswire) – The key mission of AIS Aunjai Cyber has been to build awareness of the dangers and impacts from going online, by developing solutions and digital services to protect users and promote safety. The aim is to build up knowledge to promote intelligence and skills among digital citizens. Today this is being taken to a new level by building Thailand's first measure of digital skills, the Thailand Cyber Wellness Index, which measures digital knowledge, abilities and skills of each segment of the population.

AIS Chief Executive Officer Somchai Lertsutiwong

AIS Chief Executive Officer Somchai Lertsutiwong commented, "AIS operates its business on the basis of sustainability. We have been at the centre of the network to address the issue of cyber threats for over four years. Our ongoing work has given us the insight to remedy the issues efficiently. This is how we came to develop an index of digital knowledge and skills for each segment of the public. This will enable every agency involved to deploy tools and knowledge targeted at each segment of Thai society, and which are appropriate for the issues arising. We prepared the Thailand Cyber Wellness Index, the first of its kind in Thailand, in collaboration with King Mongkut's University of Technology Thonburi (KMUTT) and a range of experts in technology, health, mass communication, education and evaluation to design a framework for the study. The survey methodology covered a range of age cohorts and occupational groups from every province all over Thailand, a total sample size of 21,862. The results are processed and analyzed to generate the Thailand Cyber Wellness Index."

The survey found that overall, Thai people's cyber wellness was at the "basic" level, while 44.04% were at the level of "must improve". This shows that Thailand needs to boost its learning and understanding of using digital among the people.

The company will continue to join forces to bring this index to the network of cyber-security that includes both the government and the private sector. This index is the property of the Thai public and is a compass showing the path to develop Thai digital skills safely and responsibly, with efficiency and sustainability in the future.

Source: AIS – Advanced Info Service

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