Official Lubricant Partner Motul Elevates Fan Experiences At Sepang 12 Hours

Motul set to be official supplier for all race teams at the resurgent endurance classic in Malaysia
Wide spectrum of fan and customer engagement activities planned throughout the race weekend
Support for Sepang 12 Hours highlights Motul’s push for greater awareness and commitment for Asia motorsport scene

SINGAPORE, Mar 15, 2023 – (ACN Newswire) – Motul has announced that it would unveil a wide range of events, targeted at its customers and race fans, during the Sepang 12 Hours endurance race. The announcement is part of Motul’s wider involvement in the resurgent race as the official lubricant supplier for teams across all race categories.

Asia’s best drivers and teams will be making their return at Sepang International Circuit between March 16th and 18th 2023 – after a 6-year hiatus. Known for its intense heat and humidity, the challenging Asian climate at the Sepang 12 Hours will put Motul lubricants to the test, which are already renowned within the endurance racing space as they provide outstanding quality and performance at top races globally.

The return of endurance racing in Malaysia signifies the growing interest in motorsports in developing markets along with changing consumer demand for more high-performance products for their vehicles. Motul’s support of the event comes off of the back of continued commitment to foster motorsports in this part of the world. In addition to the brand exposure, this event presents an opportunity for Motul to engaging distributors, partners, community and enhance the on-going communication activities in Malaysia and beyond.

To commemorate the return of the Sepang 12 Hour, Motul will be hosting a raft of experiential activities that will promote greater awareness and enthusiasm for Asia’s motorsport scene. Firstly, Motul will hold a trackside launch event of its latest lubricant, the 8100 Power, in front of attending media, online influencers and VIPs. Originally launched at the Singapore Motor Show, Motul will provide further details on the product’s general market availability, and host product workshops to discuss the 8100 Power and the importance of motor oils towards vehicle performance and protection.

Other activities include:

On-going pitlane visits for key customers and members of the media during practice sessions;
Meet-and-greet sessions with professional racing teams and drivers supported by Motul, including Craft-Bamboo Racing and Viper Niza Racing;
“Hot Lap” driving experiences for media, influencers and customers in Mercedes-AMG cars – driven by professional race drivers
Guest access and participation in pre-race celebrations at the grid, prior to the race start

Carlo Savoca | Chief Marketing Officer, Motul Asia Pacific

“Motul is very excited to be a major partner for this iconic endurance race. The track itself is a gruelling challenge for driver and machine alike, and this event serves as a fantastic showcase of Motul’s product leadership. Motorsport is a crucial element of our business. Every day, we work with the world’s best drivers and teams to gain professional input of our lubricant technology on the race track, allowing us to finetune our products that would help them discover even more performance. In addition to product innovation, we are expanding our operational footprint, and optimizing our logistical processes by investing in facilities. Ultimately, this would enable us to be closer to our OEM, distribution and retail customers, and understand their market trends and priorities even more.

Beyond products, however, we are excited to see motorsport coming back after COVID19 lockdowns across the region. Motul is passionate about motorsport after all, and we are thrilled to see audiences around the region attend the race. It will be a great event to meet all the partners and distributors that help execute our vision on the ground level. We look forward to seeing our guests enjoy the weekend and experience life at Sepang!”

Ravi Shankar | Country Manager, Motul Malaysia Sdn Bhd

“Motul Malaysia is extremely happy and proud to be associated with the long awaited Sepang 12 Hours. Motul’s sponsorship at the race shows our continued commitment towards racing and product development. The Malaysia market has seen significant growth since the pandemic; according to Statista, vehicle sales in increased by 41.6% so as the leading lubricant brand, we are best positioned to work with the country’s ecosystem of distributors, retailers and car care professionals. We are excited that more consumers will discover the Motul brand, and share our passion for performance.” We look forward to engaging with customers on a deeper level through our ongoing activations in 2023.

ABOUT MOTUL

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity. Motul offers a whole range of products for everyday car use, including the 8100, H-tech, RBF series, ATF, CVTF and DCTF among others. Motul products ensure all parts of the car are kept in pristine condition to extract maximum performance and reliability.

Unanimously recognised for 170 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for several championship winning racing teams.

Motul is committed to its growing business presence in Asia Pacific. Over the years, the company has expanded operations significantly. Currently it has 3 major manufacturing facilities and 2 R&D centres across the region to cater to the ever-growing demand. These centres focus on refining the lubricant technology for Asian climate and driving conditions, which are vastly different from Europe.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933
www.motul.com

For more information, please contact Motul at pr@motul.com.sg.

Impro Precision: 2022 revenue rises by 15% for the first time exceeding RMB 4 billion, four growth pillars to support future development

HONG KONG, Mar 15, 2023 – (ACN Newswire) – Impro Precision (01286.HK), one of the world's top 10 manufacturers of high-precision, high-complexity, mission-critical casting and machined components, reported its 2022 annual financial results. The Company's sales revenue increased by 15.3% year-on-year to HK$4.355 billion (HK$, same below), which is strong growth in view of last year's global economic situation.

The areospace, medical and energy, and diversified industrial end markets are the two growth drivers of the Company

Revenue from the areospace, medical and energy end market grew by 53.6% to $516 million, while revenue from the diversified industrial end market grew by 24.5% to $2.139 billion, which are the two growth pillars of the company. Regarding the automotive end market, revenue decreased slightly by -1.4% to $1.70 billion due to a fire incident at the Nantong plant and a shortage of components in Europe due to the Russia-Ukraine conflict. The Company pointed out that it has strategically shifted the production capacity of the passenger car end market to the commercial vehicle end market, including hydrogen vehicles. In fact, revenue from the commercial vehicle end market increased by 18.7% to $896 million, which basically was able to offset the decline in revenue from the passenger car end market.

Net profit attributable to shareholders increased significantly by 52%, gross profit margin and adjusted operating profit margin continued to improve

Net profit attributable to shareholders for 2022 was $582 million, an increase of 52.0% year-over-year, and adjusted net profit attributable to shareholders for 2022 would have totaled $ 649 million, an increase of 53.7% year-over-year, if a provision for one-time loss from the Nantong plant fire incident and amortization relating to past acquisitions were excluded. The Company's gross profit margin was 29.0%, which was 1.9% higher than 2011 , and adjusted EBITDA operating margin was 28.2%, which was 3.3% higher than last year.

Two successful mergers and acquisitions in 2022 with significant business integration benefits

During a conference on the Company's earnings, the management pointed out that, while continuing to promote the strategy of "global footprint" and "diversified end-market", the "twin growth engine" strategy has also been successfully implemented. In 2022, the Company acquired Foshan Ameriforge, which focuses on the aerospace and energy end markets, and Danfoss Jiangsu, which is engaged in the hydraulic end market. Among them, the integration of Foshan Ameriforge has been highly favorable. This plant is expected to nearly double its sales and improve margins this year. Also, the business integration of Danfoss Jiangsu is progressing well with growth to be realized this year, and still stronger earnings growth expected in 2024. The Company will continue to look for new target companies with the objective of driving integration.

Asian markets will be the Company's third growth pillar

The company said it has seen a rebound in demand from Asian customers from January and February, and could become the Company's fastest-growing region in 2023. In addition, the consolidated results of the two factories acquired in China and the expected gradual resumption of production at the Nantong plant will also push up the sales performance in Asia. As of February 28, 2023, the Group's undelivered orders on hand amounted to $3.98 billion, up 6.2% year-on-year.

Although orders on hand rose slightly by 6.2%, the situation should be more satisfactory, mainly due to the different order patterns of the two newly acquired Chinese companies. Their customers have a shorter order cycle in general, which may not be fully reflected in the orders on hand. It is expected that future growth would remain strong.

The Mexico plants will be the Company's fourth growth pillar

Three plants are in operation at the Group's Mexico SLP Campus. Of these, the precision machining plant, achieved a good profit in 2022, while the sand casting plant posted a bigger loss last year as it was still in the ramp-up phase. Despite this, the Company will accelerate the completion of the SM building of the sand casting plant from Phase II to Phase I due to a significant increase in orders from North American customers that exceeded original expectations. The investment casting plant, which began operations at the end of November last year, is aiming to reach break-even point this year. The fourth aerospace component plant is expected to complete equipment installation in May or June this year, it will begin trial production and obtain aerospace industry certification by the end of 2023, and start ramping up production next year. The fifth surface treatment plant will mainly serve the aerospace industry. Management expects that all five plants in Mexico will enter the first phase of production this year.

Although the Mexico plants are currently experiencing lower profit margins due to being in the ramp-up phase, the Company is optimistic about their potential growth. With the completion of the infrastructure projects of the Mexico plants by the end of this year, the Group's capital expenditure is expected to reduce to $400-500 million, which is similar to the Group's future annual depreciation expenses. While this may put some short-term pressure on the Group's profit margin, the Mexico plants development effectively reduces geopolitical risk thereby further propelling the expansion of the North American market which will create another growth opportunity in the mid to long term.

Two interim dividend distributions in 2022 with an annualized dividend yield of approximately 5.39%

With the Group's growth in profit, solid financial position and healthy cash flow in 2022, the Company announced its plan to distribute dividends at a rate of approximately 46% of the adjusted earnings per share. The second 2022 interim dividend is 8.0 HK cents per share, and the dividend for the year amounted to 16.0 HK cents per share, showing a remarkable increase of 58.4% compared with the previous year. Based on the share price on the day of the results announcement, the annualized dividend yield is approximately 5.39%. Like other Hong Kong blue-chip companies practice, the Company has been distributing interim dividends twice a year since 2021. This practice allows for the distribution of dividends in a faster manner, providing shareholders with an early return on their investment.

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

Prenetics Announces Fourth Quarter and Full Year 2022 Financial Results, New Business Strategy Focused on Precision Oncology

LONDON AND HONG KONG, Mar 14, 2023 – (ACN Newswire) – Prenetics Global Limited (NASDAQ: PRE) ("Prenetics" or the "Company"), a leading genomics and precision oncology company, today announced financial results for the fourth quarter and full year ended December 31, 2022.

Financial Highlights
— Revenue of US$275.8 million in the full year 2022
— Revenue of US$52.3 million in the fourth quarter 2022
— Adjusted EBITDA of US$58.3 million in the full year 2022
— Adjusted EBITDA of US$12.1 million in the fourth quarter 2022
— Cash and other short-term assets of US$242.1 million as of December 31, 2022

Recent Highlights
— Embarked on a new business strategy focused on precision oncology, as the Company exits the COVID-19 testing business.
— Acquired ACT Genomics, the first Asian company to receive FDA clearance for its comprehensive genomic profiling test for solid tumors, a significant milestone for Prenetics in executing its new focus in precision oncology.
— Formed a new Scientific Advisory Board with a diverse group of highly respected experts in precision oncology and genomics, to provide strategic input and guide the further development of Prenetics' cancer genomics diagnostic platform.
— Reposition CircleDNA into a global consumer health business, leveraging on its 300,000+ global affluent customers and over 1 million subscribers as an entry way into the precision oncology.

Danny Yeung, Chief Executive Officer and Co-founder of Prenetics, said "Looking back over the last twelve months, we are pleased with our recent transformative progress. When the pandemic started three years ago, we made a strategic decision to pivot from our core genomics business to play a leading role in fighting COVID-19 in the United Kingdom and Hong Kong. We are extremely proud to have safe-guarded those communities with more than 28 million COVID-19 tests processed. It was truly a monumental team effort and something that I'm sure my team and I will remember for the rest of our lives. With the pandemic behind us, our team has rehomed our focus back to our foundational genomics business. This has already been evidenced with the formation of our distinguished Scientific Advisory Board, our acquisition of ACT Genomics, enabling us to offer an FDA-cleared cancer genomics profiling test. Furthermore, I am immensely optimistic with our new business strategy in precision oncology. With our strong balance sheet, we intend to make significant investments to develop our oncology product pipeline, especially in early detection for cancer. Given our progress, we believe our current market cap (currently below cash and cash equivalent) is not reflective of our true value and will now look to execute upon our previously announced US$20 million share buy-back program in which we believe our shareholders will benefit from it."

Danny continued: "We are also proactively restructuring our operations with a focus on streamlining resources and reducing cost, including executing a global workforce reduction of approximately 60% since December 2022, resulting in annual headcount reduction costs of approximately US$10 million. These are important moments to sharpen our focus, control our costs, and deploy our resources and capital to our highest priorities. While implementing such changes are challenging, we are confident this restructuring will allow us to effectively and efficiently achieve our new objective of delivering innovative solutions in precision oncology."

New Business Strategy on Precision Oncology
Prenetics is focusing its business strategy to genomics and precision oncology, and is dedicated to transforming patients' care through advanced genomic and molecular technologies. The acquisition of ACT Genomics marked Prenetics' first milestone in positioning itself in the global precision oncology market. ACT's flagship product ACTOnco+ is currently the first and only Asia-based product to receive FDA clearance for a comprehensive genomic profiling test for solid tumors.

Recently, the Company also appointed Prof. Tony S. K. Mok, Chairman of the Department of Clinical Oncology of the Chinese University of Hong Kong, non-executive director of AstraZeneca PLC., independent director of HUTCHMED (China) Limited and a world-renowned expert in the application of precision medicine for advanced lung cancer, as Chairperson of its Scientific Advisory Board. Prof. Mok will lead the Scientific Advisory Board in advancing Prenetics' mission to acquire, develop, and commercialize innovative solutions in the field of precision oncology, and overcome cancer through early detection and precision medicine.

COVID-19 Update and Rebalancing of Resources
Prenetics has been at the forefront of the fight against COVID-19 by providing highly accurate and rapid testing at scale and dedicating significant resources to the social responsibility of protecting our community. With the pandemic and COVID-19 testing now behind us, the company has been developing a new strategic focus on genomics and precision oncology. In view of the Company's new strategic focus, it is undergoing a rebalancing of resources to improve efficiency, reduce costs in less strategic areas, and deploy resources and capital to areas of high priority. Prenetics believes that these initiatives are important to enable it to achieve its largest growth opportunities in genomics and precision oncology. Prenetics remains committed to investing in strategic areas of its business, aligning talent to delivering innovative solutions in genomics and precision oncology, especially in early detection of cancer.

Fourth Quarter 2022 Financial Highlights
— Revenue was US$52.3 million for the fourth quarter 2022 compared to US$64.7 million for the fourth quarter 2021, a decrease of 19.2% year-over-year.
— Gross margin was 51.6% for the fourth quarter 2022 compared to 36.7% for the fourth quarter 2021.
— Profit from operations was US$4.6 million for the fourth quarter 2022 compared to loss from operations of US$30.8 million for the fourth quarter 2021.
— Adjusted profit attributable to equity shareholders of Prenetics was US$9.7 million for the fourth quarter 2022 compared to adjusted loss of US$10.3 million for the fourth quarter 2021.
— Adjusted EBITDA was US$12.1 million for the fourth quarter 2022 compared to US$(5.9) million for the fourth quarter 2021.

Full Year 2022 Financial Highlights
— Revenue was US$275.8 million for the year ended December 31, 2022 compared to US$275.9 million for the year ended December 31, 2021.
— Gross margin was 47.7% for the year ended December 31, 2022 compared to 38.5% for the year ended December 31, 2021.
— Loss from operations was US$23.3 million for year ended December 31, 2022 compared to US$10.2 million for year ended December 31, 2021, an increase of 128.1% year-over-year.
— Adjusted profit attributable to equity shareholders of Prenetics was US$39.2 million for the year ended December 31, 2022 compared to adjusted loss of US$17.7 million for the year ended December 31, 2021.
— Adjusted EBITDA was US$58.3 million for the year ended December 31, 2022 compared to US$34.0 million for the year ended December 31, 2021.

Full Year 2022 Financial Results
The Company had net loss for the year mainly due to non-cash and/or non-recurring: (i) impairment loss in respect of restructuring costs in relation to diagnostic business; (ii) fair value loss on preference shares liabilities; (iii) fair value loss on financial assets; and (iv) share-based payment on listing. After adjusting for such non-cash losses and other non-recurring items, the Company recorded an adjusted profit attributable to equity shareholders of Prenetics of US$39.2 million and adjusted EBITDA was US$58.3 million for the year ended December 31, 2022.

Fair value loss on preference shares liabilities
This loss was attributable to Prenetics' preference shares issued prior to our listing on NASDAQ. This is a non-cash loss and would not recur subsequent to our listing on May 18, 2022.

The Company had preference shares with mandatory conversion provision that required them to be converted in full to ordinary shares at time of listing. These preference shares were accounted for as financial liabilities under IFRS, and its conversion provision was recognized as derivative financial liabilities and measured at fair value through profit or loss. An increase of the equity value of the Company (prior to our listing) therefore would result in a corresponding increase in the derivative financial liabilities and a non-cash fair value loss.

For the year ended December 31, 2022, the fair value loss on preference shares liabilities was US$60.1 million. At completion of our listing on NASDAQ on May 18, 2022, all of the preference shares were fully converted into ordinary shares, and therefore such fair value loss would not recur going forward.

Share-based payment on listing
Share-based payment on the listing was US$89.5 million and was non-cash and non-recurring in nature. Prenetics was listed on NASDAQ on May 18, 2022 via a de-SPAC transaction by merging with Artisan Acquisition Corp. ("Artisan"). This acquisition of the net assets of Artisan has been accounted for as a share-based compensation for the service of a stock exchange listing and is charged to our profit and loss upon the completion of the transaction. The amount of this payment is calculated based on the excess fair value of consideration transferred over the fair value of Artisan's identifiable net assets acquired.

Fair value loss on financial assets at fair value through profit or loss
This loss is unrealized. Fair value loss on financial assets at fair value through profit or loss was US$9.4 million due to market volatility.

Restructuring costs (including assets write-downs) in relation to diagnostic business
This is a non-cash and non-recurring item. Restructuring costs (including assets write-downs) in relation to the diagnostic business were US$30.4 million, due to impairment loss arising from our exit from the COVID-19 testing business, recognised on (i) intangible assets of US$19.1 million; (ii) goodwill of US$3.3 million; (iii) property, plant and equipment of US$4.5 million; and (iv) write-off of prepayment of US$3.5 million.

The restructuring primarily involves realigning workforce to ensure the Company's resources are focused on business areas with more robust growth prospects and higher profitability. This restructuring of operation will result in significant cost savings in the long run and position the Company for sustainable growth. Prenetics holds positive outlook toward the future of business and are committed to transparent communication with our stakeholders.

2023 Financial Guidance
The Company will be discussing guidance upon release of Q1 2023 results and providing an update on M&A discussions.

About Prenetics
Prenetics is a leading genomics and precision oncology company dedicated to transforming patient care through advanced genomic and molecular technologies. Our new business focus is on precision oncology, specifically on early detection and treatment. We recently acquired ACT Genomics, the only Asia-based company to receive FDA clearance for a comprehensive genomics profiling test for solid tumors. ACT has also enabled us to expand our capabilities and offer comprehensive cancer solutions to patients worldwide. Our team of world-class scientists, healthcare experts, and technology innovators are committed to driving forward precision oncology to improve patient outcomes. At Prenetics, we believe that every patient deserves personalized, effective, and affordable cancer care, and we are dedicated to making that a reality. Prenetics is listed on NASDAQ with the ticker PRE. To learn more about Prenetics, visit www.prenetics.com.

Investor Relations Contact:
investors@prenetics.com

ICR Westwicke:
Caroline Corner +1 415 202 5678 Email: caroline.corner@westwicke.com

Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of the Company, and growth opportunities are forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which involve inherent risks and uncertainties, therefore should not be relied upon as being necessarily indicative of future results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: the Company's ability to further develop its business, including new products and services; its ability to execute on its new business strategy in genomics and precision oncology; its ability to identify and execute on M&A opportunities, especially in precision oncology; its ability to reduce costs and improve efficiencies through its restructuring efforts; its expectations on ACT Genomics' contribution to its revenues. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described in the "Risk Factors" section of the Company's registration statement on Form F-1 and the prospectus therein, and the other documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Basis of Presentation
Unaudited Financial Information and Non-IFRS Financial Measures has been provided in the financial statements tables included at the end of this press release. An explanation of these measures is also included below under the heading "Unaudited Financial Information and Non-IFRS Financial Measures."

Unaudited Financial Information and Non-IFRS Financial Measures
To supplement Prenetics' consolidated financial statements prepared in accordance with International Financial Reporting Standards ("IFRS"), the Company is providing non-IFRS measures, adjusted EBITDA, adjusted gross profit and adjusted profit/(loss) attributable to equity shareholders of Prenetics. These non-IFRS financial measures are not based on any standardized methodology prescribed by IFRS and are not necessarily comparable to similarly-titled measures presented by other companies. Management believes these non-IFRS financial measures are useful to investors in evaluating the Company's ongoing operating results and trends.
Management is excluding from some or all of its non-IFRS results (1) Employee equity-settled share-based payment expenses, (2) depreciation and amortization, (3) finance income and exchange gain or loss, and (4) certain items that may not be indicative of our business, results of operations, or outlook, including but not limited to non-cash and/ or non-recurring items. These non-IFRS financial measures are limited in value because they exclude certain items that may have a material impact on the reported financial results. Management accounts for this limitation by analyzing results on an IFRS basis as well as a non-IFRS basis and also by providing IFRS measures in the Company's public disclosures.

In addition, other companies, including companies in the same industry, may not use the same non-IFRS measures or may calculate these metrics in a different manner than management or may use other financial measures to evaluate their performance, all of which could reduce the usefulness of these non-IFRS measures as comparative measures. Because of these limitations, the Company's non-IFRS financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with IFRS. Investors are encouraged to review the non-IFRS reconciliations provided in the tables captioned "Reconciliation of profit/(loss) from operations under IFRS and adjusted EBITDA (Non-IFRS)", "Reconciliation of gross profit under IFRS and adjusted gross profit (Non-IFRS)" and "Reconciliation of profit/(loss) attributable to equity shareholders of Prenetics under IFRS and adjusted profit/(loss) attributable to equity shareholders of Prenetics (Non-IFRS)" set forth at the end of this document.

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

NFT-TiX Secures VIP Lounge Naming Rights for Hardmission and Techmission Festival Prague 2023

NEW YORK, Mar 14, 2023 – NFT-TiX, the rapidly expanding ticketing and NFT Ticketing marketplace, has entered into a partnership with United Music Events, securing the naming rights for the VIP area at the highly anticipated 2023 Hardmission and Techmission Festival in Prague.

The VIP area on both events are designated as the “NFT-TiX VIP Lounge.” This unique lounge promises to provide an exclusive and elevated experience for VIP ticket holders at both festivals. NFT-TiX is thrilled as part of these groundbreaking experiences, which are among the world’s most prestigious and popular music events.

“We are thrilled to partner with United Music Events to bring fans an unforgettable experience at the Hardmission and Techmission Festivals,” said Emil R. Ljesnjanin, CEO of NFT-TiX. “The VIP lounge is the perfect place for guests to relax and enjoy exclusive access to premium amenities and hospitality, and we are proud to associate with these two amazing events.”

NFT-TiX expressed its commitment to providing fans with the best possible ticketing experience, and the company’s blockchain-based platform ensures a secure and transparent process for purchasing and managing tickets. With the naming rights for the VIP lounge, NFT-TiX is preparing to provide an elevated experience for festival goers and showcase the innovative technology and forward-thinking approach that sets the company apart from its competitors.

“We are excited to partner with NFT-TiX for the Hardmission and Techmission Festival,” said Anco Van der Kolk, founder and CEO of United Music Events. “Their dedication to innovation and customer satisfaction is evident in everything they do, and we are excited to work with such a forward-thinking organization.”

United Music Events is known for producing some of the most amazing events worldwide, and Hardmission and Techmission Festival are no exception. The events bring together the best of music and technology, and feature an impressive lineup of artists from around the world.

As part of its mission for “Securing Your Seat For The Future,” NFT-TiX is excited in its efforts to contribute to the event experience and looks forward to providing fans with an unforgettable VIP lounge experience.

NFT-TiX and plans to continue supporting the innovative and expanding marketplace to help increase the rate of Web3 adoption across the wider global economy. Event partners of NFT-TiX cover a wide range of event categories such as sports, festivals, entertainment, and tradeshows. EXIT Festival, FC Zeljeznicar – Sarajevo Derby, Transmission Melbourne Music Festival, Seadance Festival, Tomorrow Conference, and BREATHE! Convention are part of the expanding network of experiences that are powered by NFT-TiX.

About NFT-TiX

NFT-TiX is an award winning blockchain ticketing platform and marketplace. Fully built on Ethereum Layer 1, NFT-TiX pioneers and leverages blockchain technology to help produce the best possible ticketing experience and create lasting experiences for producers and attendees alike. With continual advances in NFT technology, NFT-TiX aims to revolutionize the ticketing industry and provide long-term solutions against fraud, scalping, and an out-of-control secondary market.

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Press Contact:
Brian Edmiston
+1 833-931-3128 Ext. 710
Press@5AMGlobal.com

Think Equity: Society Pass (Nasdaq: SOPA) – Path to Profitability

NEW YORK, Mar 14, 2023 – (ACN Newswire) – Think Equity, LLC ("Think Equity") 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 Society Pass website) to view the full Think Equity research report. https://thesocietypass.com/wp-content/uploads/2022/09/ThinkEquity_SocietyPass_Initiation_ResearchReport_26Sep2022.pdf

Summary Points:

– Path to Profitability – Revenues are forecast to grow from $6 million in 2022 to $42 million in 2023. The company is well capitalized, with an estimated cash position of $20 million. Monthly cash burn has declined from an average of $1.2 million for the nine months through September 2022 to $150K by December 2022. The company's objective is to achieve operational breakeven by the second quarter of 2023. The company's target EBITDA for 2023 is 10%.

– Holding Company – The group has acquired eight companies, seven of which were in 2022. Management targets 7 to 10 acquisitions in 2023. The company has pivoted away from organically developing a loyalty platform to making acquisitions. The acquisition model focuses on three KPIs – revenues, users, and merchants. Revenues have grown from $10,000 in 2019 to $50,000 in 2020, $520,000 in 2021, and $6.1 million in 2022. In addition, the company has on-boarded 3.3 million registered consumers and 200,000 registered merchants.

– Loyalty – The company beta launched its loyalty platform in June 2022 and plans a hard launch in the second quarter of 2023. The company has an impending digital wallet partnership with Alipay, the payments arm of the Alibaba Group. The company intends to build out the loyalty app with its digital wallet partnership with Alipay into a de facto payments platform for Southeast Asia.

– Lifestyle – Society Pass acquired Leflair, based in Vietnam, out of bankruptcy in 2021. The company has rebuilt the platform, onboarding users and merchants. Up from $500,000 in revenues in 2021, Leflair generated over $2 million in sales in 2022. The company intends to spin out Leflair as a separate publicly listed company in 2023.

– Food and Beverage Delivery – The company acquired three F&B delivery companies in Vietnam and Philippines in 2022. The company generated $100,000 in food and beverage delivery in 2022. The company is not investing in food and beverage delivery as it is inherently an unprofitable business. But the company has on-boarded 700K registered users onto its platform. That's in addition to the 1.5 million registered users on-boarded via the Leflair acquisition.

– Telcoms – Gorilla is a Singapore-based, blockchain/web3 technology-enabled mobile virtual network operator. Society Pass acquired it for its technology. The company is taking that blockchain/Web three technology and infusing it into the rest of the ecosystem.

– Digital Media – Thoughtful Media, a leading influencer advertising company in Southeast Asia, generated $6.5 million in sales in 2022. Thoughtful Media has over 200 channels on its multichannel network and over 300 influencers. The company targets to grow revenues from $6.5 million in 2022 to $30 million by 2023, with a target 15% EBITDA margin.

– Travel – With NusaTrip acquisition, Society Pass has on-boarded a total of 3.3 million registered users and over 200,000 registered merchants. An estimated 99% of business at NusaTrip is airlines versus 1% hotels. The revenue rate earned from selling airline tickets is 2% – 3% compared to 7% – 20% for hotels. NusaTrip plans to change the revenue mix from 99%/1% to 80%/20% by the end of the year.

– Valuation – Our 12-month price target is $6 based on 4x FY23 sales per share estimate. This valuation multiple is within the peer group valuation range.

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 shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its 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 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

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

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

Tonghai Financial Announces Appointment of Christopher Tang to CEO of China Tonghai Asset Management

HONG KONG, Mar 14, 2023 – (ACN Newswire) – China Tonghai International Financial Limited (Stock Code: 00952.HK) announced the appointment of Mr. Christopher Tang to the CEO of its wholly owned subsidiary China Asset Management Limited ("Tonghai Asset Management"), effective March 1, 2023.

Christopher has held various senior private banking roles across different jurisdictions, helping oversee a series of businesses as well as complex transformation projects. Previously, Christopher had previously served as CEO at Crosby Wealth Management, establishing a multi-Family Office business servicing family offices, ultra-high net worth and high net worth clients. Prior to Crosby, Christopher was a Managing Director at BNP Paribas wealth management business.

Christopher has joined the team in providing management and expert advice on adding value to high net worth and core affluent clients' wealth. As well as traditional financial services, the team will be looking to provide more popular investment themes such as financial technology, medical technology, ESG and luxury lifestyle. Tonghai Financial intends to expand its services and products, and explore more investment opportunities in virtual assets.

Christopher is also the owner of SHOUT Art Hub & Gallery which has 4 shops in first class shopping malls in HK and Singapore. Leveraging the capabilities of SHOUT, the art advisory and finance solutions at Tonghai Financial not only offers art financing, but worldly connections to art curators, gallerist, artists, collectors to offer identify, research, evaluate, and negotiate acquisitions and sales of art on our client's behalf.

Tonghai Financial hereby extends a warm welcome to Christopher, and the team on taking their respective new roles. The team joins with extensive professional experience and a profound knowledge of the financial services industry, and will complement efforts in boosting Tonghai Financial aims tour asset management and wealth planning businesses.

About China Tonghai International Financial Limited
China Tonghai International Financial Limited (the "Company", Stock Code: 00952.HK) is a Hong Kong based financial services group which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients.

For further information, please contact:
Quam IR Limited
Mandy Lo Tel: (852) 2217-2753 Email: mandy.lo@tonghaifinancial.com
Charlie Chan Tel: (852) 2217-2504 Email: charlie.chan@tonghaifinancial.com

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

Tonghai Financial Announces Appointment of Ambrose Lam as Co-Chairman of China Tonghai Capital (Holdings) Limited

HONG KONG, Mar 14, 2023 – (ACN Newswire) – China Tonghai International Financial Limited (Stock Code: 00952.HK) is pleased to announce that Mr. Ambrose Lam as the Co-Chairman of its wholly owned subsidiary China Tonghai Capital (Holdings) Limited (Tonghai Capital), with effect from January 15, 2023.

Ambrose is a fellow member of The Institute of Chartered Accountants in England and Wales and a member of Hong Kong Institute of Certified Public Accountants. He holds a Bachelor of Arts (Honours) degree from University of Newcastle Upon Tyne in England. Ambrose has over 40 years of experience in professional accounting, merchant banking and financial services and has served in senior management roles in a number of major international banking and financial institutions.

In the new role of Co-Chairman of China Tonghai Capital, Ambrose will support the Group in encompassing all of Tonghai Capital's businesses including IBD, Debt Capital Markets and Capital Market Solutions, providing our clients with a comprehensive service to facilitate their different financing demands. He brings with his experience in business building, transformation and business restructuring, knowledge of the world of business and entrepreneurs. These qualities and active involvement in banking and financial services industries will enable him to follow through on current projects, while tackling Tonghai Capital's growth and challenges in the years to come. With the broad-based experience, we also believe he is a well-rounded leader, who is equally comfortable with high-level strategy and hands-on operating details.

Tonghai Financial is delighted to welcome Ambrose to his new role. Ambrose is joining Tonghai Financial with impressive track records, adding a wealth of experience at this important juncture. He is expected to drive our corporate finance business into the future, with the clear objective to position Tonghai Financial for a successful future and realize its full potential.

About China Tonghai International Financial Limited
China Tonghai International Financial Limited (the "Company", Stock Code: 00952.HK) is a Hong Kong based financial services group which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients.

For further information, please contact:
Quam IR Limited
Mandy Lo Tel: (852) 2217-2753 Email: mandy.lo@tonghaifinancial.com
Charlie Chan Tel: (852) 2217-2504 Email: charlie.chan@tonghaifinancial.com

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

Asia Allied Infrastructure Concludes HK$1.1 Billion 3-Year Term Loan Agreement

HONG KONG, Mar 14, 2023 – (ACN Newswire) – Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure", "AAI", or "the Group") (stock code: 00711) is pleased to announce that it has entered into a HK$1.1 billion term loan agreement with 6 banks. Part of the loan will be used to refinance the loan portfolio of the Group, while the rest will be used to support future operations and development. This facility will enhance the Group's financial flexibility and financing capability, as well as fully reflect the Group's future business development strength and potential.

The 3-year facility carrying an interest rate of HIBOR+1.65% was arranged by The Hongkong and Shanghai Banking Corporation Limited, Bank of Shanghai (Hong Kong) Limited, China Construction Bank (Asia) Corporation Limited, CMB Wing Lung Bank Limited, Chong Hing Bank Limited and The Bank of East Asia, Limited.

Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, said, "We would like to express our sincere appreciation to the banks for their continual trust and support to AAI, it means a lot to us. The new loan facility shows the banking community's confidence in the Group's strong fundamentals and development strategies. Riding on AAI's long-established strong business foundation, industry experience and healthy financial position, we will continue to capture market opportunities and do our best to enhance shareholders' value and return."

Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)
Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711. The Group operates businesses such as construction engineering and management, property development and assets leasing, security and facility management, tunnel management, non-franchised bus services, as well as medical technology and healthcare. Its subsidiary "Chun Wo" is a renowned construction contractor and property developer in Hong Kong. Chun Wo's solid construction experience and professional capabilities have enabled the Group to seize suitable development opportunities, allowing the Group to enhance its overall profitability and investment value.

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

ADEC Innovations Acquires Kedge Pty Ltd and Southern Ocean Carbon Company

HOBART, Australia, Mar 14, 2023 – (ACN Newswire) – ADEC Innovations, a recognised global leader in designing and delivering sustainable development solutions that drive organisational value and impact, today announced it has completed its acquisition of Kedge Proprietary Limited ("Kedge") and Southern Ocean Carbon Company ("SOCC"). Kedge and SOCC are recognized Blue Economy leaders within Australasia and Oceania for vessel, mooring, aquaculture, marine systems procurement and commissioning, environmental protection, design assurance, and regulatory compliance.

ADEC Innovations

These acquisitions further expand ADEC Innovations Environmental, Social, and Governance (ESG) expertise into the Blue Economy which focuses on balancing the health of the ocean's ecosystems with the economic growth associated with ocean resources. Kedge and SOCC will leverage ADEC Innovations' information management capabilities and global reach to improve ocean stewardship worldwide. Together, the companies will continue to innovate and make an impactful difference to the world's largest resource.

"With oceans holding nearly 97% of the Earth's water, ensuring economy, society, and environment are mutually prosperous is critical," said James M. Donovan, Global CEO of ADEC Innovations. "Adding Kedge and SOCC into the ADEC Innovations portfolio, we will be able to offer more expansive, global support to a number of industries within the estimated EUR3+ billion (AUS$ 4.5 billion) Blue Economy, including international transport, fisheries, and aquaculture – and help preserve the health of this critical natural resource."

Kedge is the recognised leader in the region for marine compliance and vessel certification and has completed over 4,000 surveys in the last 7 years. In addition, Kedge is called upon to remediate incidents that occur within Oceania and Australasia, including spill containment, clean-up, and environmentally sound vessel disposal. SOCC was established to study and commercialise giant kelp and other seaweed production for carbon capture and sequestration, biomass creation and other beneficial uses of this sustainable, underutilized marine resource.

"ADEC Innovations' commitment to making sustainable impact completely aligns with our companies' trajectories. Kedge and SOCC's fundamental tenet has always been the preservation of the health of the planet's oceans," said Adam Brancher, Founder and Managing Director of Kedge and SOCC. "Having the support of ADEC Innovations will allow us to realize our long-held goals of expanding our established marine assurance and seaweed aquaculture practices and developing innovative technologies, such as hydrogen propulsion retrofits on vessels, including our recently acquired passenger ferry demonstrator."

As a result of this latest investment, ADEC Innovations expands its global footprint and now has active projects on all seven continents. Kedge and SOCC employees will join the 4,000-strong workforce that ADEC Innovations has across 27 operating sites and 20 countries.

ADEC Innovations Group CEO James M. Donovan added, "We welcome Kedge's clients, employees, and partners to the group. With this acquisition, ADEC Innovations strategically broadens our overall business portfolio to better meet the sustainability needs of companies, public agencies, and coalitions around the world. Collectively, we will offer greater opportunities to advance sustainable business and operational practices around the world by transforming information into knowledge and reshaping risk into positive value and impact."

About ADEC Innovations

ADEC Innovations drives organisational value and impact by designing, developing, and delivering services and solutions in sustainable development. Since 1996, ADEC Innovations has advanced sustainable practices around the world and helped organizations grow and operate responsibly. Headquartered in Geneva, Switzerland with a network of 4,000 employees and regional operations across 20 countries, ADEC Innovations' broad portfolio of businesses offers solutions that span Environmental, Social, and Governance (ESG) Professional Services; Workforce Solutions, including Healthcare and Knowledge Management Services; and Enterprise Technology Data and Software as a Service (DAAS/SAAS). ADEC Innovations works with governments, coalitions, and businesses to help organizations meet their evolving needs and drive performance in a world where sustainability matters. https://www.adec-innovations.com/

About Kedge Proprietary Limited

Founded approximately 7 years ago, Kedge is a recognised Blue Economy leader within Australasia and Oceania for vessel, mooring, aquaculture, marine systems procurement and commissioning, environmental protection, design assurance, and regulatory compliance. Kedge has a highly talented team of engineers, naval architects, and other specialists who bring many years of experience in senior seagoing, regulatory, and associated roles both domestically and internationally. Kedge actively supports vessel operators to ensure that all types of vessels are safe, reliable, and designed to meet their specific needs. Working on a wide variety of projects around the world, Kedge provides advanced technology, consulting, and education in the maritime field to help vessel owners quickly identify and manage risks and opportunities in this ever-evolving market. As an industry pioneer, Kedge has developed extensive knowledge in vessel decarbonization and is working with a number of clients to actively reduce their carbon footprints. For more information, visit kedge.com.au.

About Southern Ocean Carbon Company

Formed by the founders of Kedge Proprietary Limited in 2020, the Southern Ocean Carbon Company (SOCC) is at the forefront of the development and production of seaweed aquaculture in Australia. As a commercial partner of the Blue Economy Cooperative Research Council, SOCC is scaling its operations and getting significant area under rope growing Giant Kelp and other species to develop a successful seaweed aquaculture business while promoting carbon capture and biodiversity. SOCC is focused on making a real, positive impact beyond Australia in one of the fastest-growing aquaculture segments around the world. For more information, visit southernoceancarbon.com.

Contact Information:
Jacki Fricke
Senior Marketing Manager
media@adec-innovations.com
714-508-4100 x1020

SOURCE: ADEC Innovations

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

FILMART and EntertainmentPulse open today

HONG KONG, Mar 13, 2023 – (ACN Newswire) – The HKTDC Hong Kong International Film and TV Market (FILMART) and EntertainmentPulse opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). From 13 to 16 March, over 700 exhibitors will showcase films and TV shows to global buyers and build connections.

Hong Kong International Film and TV Market exhibition (FILMART) attracts over 700 companies from 30 countries and regions.

FILMART showcases various events, including summits, seminars, and film conferences, as well as close to 40 screenings, allowing buyers and visitors to enjoy incredible films during the events.

Mr Leon Lai, Hong Kong Entertainment Ambassador, hopes to unite the industry and encourage more young people to join the industry.

Comprising eight exciting events, including FILMART and EntertainmentPulse, the Entertainment Expo launch ceremony was officiated by Mr KK Chan, the Chief Secretary for Administration of the Government of the Hong Kong Special Administrative Region, Mr Raistlin Lau, Acting Secretary for Culture, Sports and Tourism of the Government of the Hong Kong Special Administrative Region, Ms Zhou Jihong, First-Grade Counsel, International Cooperation Department, National Radio and Television Administration, Mr Zhang Guo Yi, Deputy Director-General of the Department of Publicity, Cultural and Sports Affairs of the Liaison Office of the Central People's Government in the HKSAR, Ms Margaret Fong, Executive Director of the Hong Kong Trade Development Council (HKTDC), Mr John Chong, Chairman of HKTDC Entertainment Industry Advisory Committee, Mr Leon Lai, Hong Kong Entertainment Ambassador, and representatives of event organisers and supporting organisations.

"FILMART is one of the founding events of the Entertainment Expo and has, over the years, become the largest cross-media and cross-industry entertainment content-trading platform in Asia. With the full resumption of international travel, this year's FILMART has attracted 702 exhibitors from 30 countries and regions. In last year's Policy Address, the Hong Kong SAR Chief Executive outlined the Government's commitment to foster the cultural development of Hong Kong and expedite the city's progression into an East-meets-West Centre for International Cultural Exchange. I believe that with the Government's strong support, the industry can seize more opportunities and grow further," said Ms Fong.

Global exhibitors gather at FILMART again

FILMART receives strong support from filmmakers in Hong Kong, Mainland China and worldwide. Numerous Hong Kong entertainment companies – including Edko Films, Emperor Motion Pictures, Golden Scene, Mandarin Film, Media Asia, One Cool Pictures, PCCW Media and Universal Films – participate in FILMART.

Aside from local exhibitors, a record number of over 330 mainland exhibitors from Beijing, Fujian, Guangdong, Hunan, Jiangsu, Shaanxi, Shandong and Shanghai are attending. They include renowned content producers and distributors such as Zhejiang Huace Film & TV, Daylight Entertainment, Fantawild, Beijing Yiding Legend Culture Co., Ltd and Linmon Media. Three major mainland streaming platforms – iQIYI, Tencent and Youku – will also showcase their programmes. The venue will host close to 30 overseas pavilions, including those from the mainland, Japan, Korea, Taiwan, Thailand, Italy, the United States and Europe, allowing exhibitors to trade with global buyers.

Apart from the exhibition, the four-day FILMART presents a variety of events, including press conferences, showcases, summits, seminars, meetings and screenings.

EntertainmentPulse brings together industry leaders to share insights

EntertainmentPulse will feature leading industry speakers discussing a variety of topics across a wide spectrum of topics in depth, including the hype behind dating and romance reality shows, application of Web3 in entertainment industry and Chinese donghua animation as soft power.

The forum will begin with Spotlight Conversation: The Asian Wave in 2023 and Beyond, co-hosted by Mr Sebastian Kim, Director of International Content Sales and Acquisition of CJ ENM, Mr Sanmesh Thakur, Executive Vice President & Territory Head – APAC of ZEE Entertainment Enterprises Limited, and Mr Ziraviss Vindhanapisuth, Vice President of International Business, BEC World Public Company Ltd. "There's no better time to accelerate the global expansion of Thai dramas beyond Southeast Asian markets on all platforms. We are confident the audience will love the chemistry between our talents and culture," said Mr Vindhanapisuth.

Mr Jiang Defu, COO of Bona Film Group – who released the mainland's highest-grossing film The Battle at Lake Changjin in 2021, earning more than Rmb5.7 billion (US$819 million) at the box office – will discuss the development and future of Chinese film. Mr Hou Hong Liang, Chairman and Producer of Daylight Entertainment Co Ltd, who created famous TV series such as Nirvana in Fire and The Story of Ming Lan, will also discuss the making of quality TV content.

Hong Kong-Asia Film Financing Forum provides filmmakers with opportunities

As Asia's most significant financing platform, the Hong Kong-Asia Film Financing Forum (HAF) will run alongside FILMART and EntertainmentPulse, connecting filmmakers, investors, producers and distributors. The 21st HAF has selected 28 in-development projects (IDP) and 15 work-in-progress projects (WIP) from 350 submissions. These come from 38 countries and regions and cover a variety of genres, including comedy, horror, fantasy, romance, suspense, drama and animation. These projects will be highlighted alongside offerings from acclaimed filmmakers and producers such as Arsalan Amiri, Anthony Chen, Fruit Chan, Stanley Kwan, Teddy Robin, Lin Yu Hsien, Tian Zhuangzhuang, Nai An, Jakrawal Nilthamrong, Nader Saeivar as well as venerable festival director Marco Muller as producer. HAF will feature 22 directors making their debut and highlight 10 film projects from Hong Kong.

The 19th Entertainment Expo, Hong Kong, which started on 2 March, will continue until 16 April. It will feature eight spectacular events for film, television, music and digital entertainment, including the three founding events: The Hong Kong International Film and TV Market (FILMART), The Hong Kong International Film Festival (HKIFF) and The Hong Kong Film Awards Presentation Ceremony (HKFA); and five core events: ifva (Incubator for Film & Visual Media in Asia Festival), Asian Film Awards (AFA), The Hong Kong-Asia Film Financing Forum (HAF), Entertainment Pulse and Digital Entertainment Summit.

FILMART & EntertainmentPulse
Date: 13 – 16 March 2023
Website:
– FILMART: https://hktdc.com/hkfilmart
– EntertainmentPulse: https://entertainmentpulse.hktdc.com/en
– Programme: https://entertainmentpulse.hktdc.com/en/programme/programme
– Photo Download: https://bit.ly/3lcIk7Z

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
For enquiries, please contact:
Ogilvy: Hon Man Li, Tel: +852 9638 1208, Email: honman.li@ogilvy.com

HKTDC Communication and Public Affairs Department
Katy Wong, Tel: +852 2584 4524, Email: katy.ky.wong@hktdc.org
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org

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