Singaporean Startup ONEVIEW Secures Seed Funding of S$4 Million, to Revolutionise Document Management and Bill Payment Industry in Southeast Asia

ADERA Global, Beyon Connect and Cumulo9 to invest S$4 million in Singapore-based startup, ONEVIEW
ONEVIEW is aligned with Singapore’s smart nation and digitization efforts, providing a simple, secure and convenient communication platform and helping to reduce paper waste, assisting Singapore to go green and support NEA’s sustainability efforts
ONEVIEW aims to bring convenience to users by allowing them to access all their important documents such as bills, statements, official documents, in one single secure, spam-free app
The seed funding will establish the startup and services in Singapore, acting as a test bed for the market and creating a benchmark for the Southeast Asia region
ONEVIEW will bring benefits to both consumers and document senders by offering cost savings, convenience, and greater visibility into transactions

Singapore, June 7, 2023 – (ACN Newswire) – Singapore-based start-up, OneView Pte Ltd (“ONEVIEW”), is pleased to announce that it has secured S$4 million in seed funding from ADERA Global, Beyon Connect, part of the Beyon Group, and Cumulo9 to introduce an innovative digital platform for secure communication of documents and facilitating value-added e-services.

***Christian Rasmussen, CEO Beyon Connect,*** ***Marvin Tan, Executive Director ADERA Global, Chris Hogg, CEO Cumulo 9***

ONEVIEW’s innovative platform aims to revolutionise bill payments by transforming the interaction between consumers and senders, thereby simplifying everyday digital communications with a more convenient, sustainable, and spam-free experience.

ONEVIEW plans to roll out digital post box and communication services by the end of the year in Singapore, enabling users to easily access their documents and communications from multiple billers and senders within a single app.

Using Singapore as a testbed for the Southeast Asian region, ONEVIEW aims to set the benchmark for innovative, eco-friendly digital solutions that improve people’s lives. By partnering with key players in the industry such as ADERA Global, Beyon Connect, and Cumulo9, ONEVIEW’s platform offers a comprehensive solution that meets the needs of both consumers and senders.

Lead Investors in the Seed Funding Round

ADERA Global, headquartered in Singapore, is a leader in data security and automation, serving global banks, financial institutions, telecommunications and government agencies around the world.

Beyon Connect, part of the Beyon group based in Bahrain, is a provider of new technologies with great innovation potential, Software-as-a-Service platforms, and advanced IT solutions for both the public and private sectors in the MENA region.

New Zealand-based Cumulo9 provides business services for the digital delivery of transactional documents, as well as CCM (Customer Communications) solutions throughout APAC.

Aligning with Singapore’s Smart Nation Vision and Accelerating Digitalisation

Singapore has set its sights on becoming a world-class, tech-driven city-state. The vision for a digital-first Singapore is one where a Digital Government, Digital Economy and Digital Society harness technology to effect transformation in health, transport, urban living, government services and businesses. The Singapore Government has made bold strides and steady progress in its digitalisation blueprint.

Aligned with this vision for a digital-first Singapore, ONEVIEW aims to enable effective and secure communications between government, agencies, business enterprises and individuals in Singapore. The platform is designed to simplify secure document transmission and encourage greater digitization of utilising embedded e-services to fulfill actions such as payments, document verification and other value-added services.

Utilising ONEVIEW’s digital postal solutions, customers can harness its technology for greater personalisation and convenience, making it intuitive for each individual user to view their digital postal communications, all at one glance.

Enhancing Sustainability and Simplifying Everyday Digital Communications

Green economic growth is an important part of Singapore’s national agenda on sustainable development, where the Singapore Green Plan 2030 aims to harness technology-driven solutions to “secure a green, liveable, and sustainable home for generations of Singaporeans.

ONEVIEW is committed to going green and minimizing paper waste, aligning with Singapore’s environmental initiatives. By providing documents such as digital billing statements and providing easy payment options, the joint venture aims to encourage more consumers to make the switch to paperless billing.

In Singapore, paper is one of the most common type of waste and in 2021, there was about 1.136 million tonnes of paper and cardboard waste generated.

With this digital postal solution, ONEVIEW will reduce the need for paper bills, thus reducing carbon footprint and promoting sustainability.

“Our mission is to revolutionize the way people pay and manage their important documents such as bills, while also helping Singapore achieve its vision of becoming a Smart Nation,” said LEE Kok How, CEO of ONEVIEW. “Our app is designed to simplify the process, save users time and hassle, and help them stay on top of their action items, such as payments, with ease. With the support of our investors, we are confident that our platform will set a new standard for digital bill payment services in the region, while contributing to Singapore’s vision of a Smart Nation.”

Christian Rasmussen, CEO of Beyon Connect said, “At Beyon Connect, our DNA is rooted in digital innovation and sustainability. We are thrilled to align with ADERA Global and Cumulo9, who share our passion for creating highly secure digital postboxes and communication platforms. Together, we will continue to revolutionize the way people communicate and connect via the ONEVIEW platform in the ASEAN region.”

Beyon Chief Digital Growth Officer – Shaikh Mohamed bin Khalifa Al Khalifa added, “We are extremely proud to see our digital postbox and communications innovations being used as the foundation for ONEVIEW, in a digitally mature society like Singapore. This marks a significant milestone for Beyon Connect and reinforces our commitment to driving digital transformation globally.”

Cumulo 9’s Chris Hogg added, “As a company that is committed to providing cutting-edge solutions that help businesses thrive in a digital age, we are pleased to support ONEVIEW in its mission to digitize bill payment management in Southeast Asia.”

“As a global leader in digital transformation, ADERA Global is excited to partner with ONEVIEW in their mission to revolutionize communications, document management and value-added services such as payments in Southeast Asia,” said ADERA Global’s Executive Director Marvin Tan. “We believe that ONEVIEW has the potential to set a benchmark in the region and transform the way people manage their bills and documents.”

For more information on ONEVIEW, please visit: https://oneview.sg/

Issued on behalf of ONEVIEW by 8PR Asia Pte Ltd.

Media Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Official Launch of “2023 Set Sail for GBA – Scheme for Financial Leaders of Tomorrow” Shenzhen-Hong Kong Youth Internship Programme in Finance

HONG KONG, Jun 6, 2023 – (ACN Newswire) – As the global financial centre of our country, Hong Kong has nurtured generations of financial leaders. Supported by the Central Government, the mutual access between the financial markets of the Mainland and Hong Kong continues to expand and deepen. In this new era, the goal is to nurture young elites who are knowledgeable about the financial markets in both places. The Financial Services and the Treasury Bureau (FSTB) of the Hong Kong Special Administrative Region (HKSAR) Government, the Shenzhen Municipal Financial Regulatory Bureau (SMFRB) and the Greater Bay Area Homeland Youth Community Foundation (the Foundation) are co-organising the "2023 Set Sail for GBA – Scheme for Financial Leaders of Tomorrow" – Shenzhen-Hong Kong Youth Internship Programme (the Programme). The Programme supports students from universities in Hong Kong to explore the financial market of the Greater Bay Area (GBA) through a 6-week internship in financial organisations in Shenzhen, as well as a 4-day/3-night trip to the GBA. The Programme enables our talented youth from local universities to gain greater understanding of the GBA financial market, experience the way of life and culture in the GBA, and develop their social network.

Photo 1: The launch ceremony of the Programme was held at the Hong Kong Convention and Exhibition Centre yesterday (5 June).

Photo 2: Mr CHAN Mo-po, Paul, GBM, GBS, MH, JP, Financial Secretary, the Government of the HKSAR

Photo 3: Mr HUI Ching-yu, Christopher, GBS, JP, Secretary for Financial Services and the Treasury, the Government of the HKSAR

Photo 4: Mr HE Jie, Director, Shenzhen Municipal Financial Regulatory Bureau

Photo 5: Mr NG Win-kong, Daryl, SBS, JP, Chairman of the Greater Bay Area Homeland Youth Community Foundation

Photo 6: Group photo of officiating guests, representatives from participating Shenzhen enterprises and universities in Hong Kong

Photo 7: Group photo

The launch ceremony of the Programme was held at the Hong Kong Convention and Exhibition Centre yesterday (5 June). Guests gracing the ceremony included Mr CHAN Mo-po, Paul, GBM, GBS, MH, JP, Financial Secretary, the Government of the HKSAR; Mr HUI Ching-yu, Christopher, GBS, JP, Secretary for Financial Services and the Treasury, the Government of the HKSAR; Mr XU Weigang, Director General, Economic Affairs Department of the Liaison Office of the Central People's Government in the HKSAR; Ms YAN Mei-mei, Salina, JP, Permanent Secretary for Financial Services and the Treasury (Financial Services), the Government of the HKSAR; Mr HE Jie, Director, Shenzhen Municipal Financial Regulatory Bureau; Professor SONG Lai, First-class Inspector, Deputy Director General, Youth Department of the Liaison Office of the Central People's Government in the HKSAR, and Mr NG Win-kong, Daryl, SBS, JP, Chairman of the Greater Bay Area Homeland Youth Community Foundation. Representatives from participating Shenzhen enterprises and universities in Hong Kong, as well as students of the Programme also attended the ceremony.

Promoting Deeper Understanding of the GBA and Integration into the National Development Among Local Youths

Mr CHAN Mo-po, Paul, GBM, GBS, MH, JP, Financial Secretary, the Government of the HKSAR, said, "The GBA has enormous economic power and is a fast-growing economy attracting worldwide attention. Financial co-operation among Guangdong, Hong Kong and Macao can explore greater market potential, growth areas and financial innovation, enabling finance to serve the real economy more effectively and bring wider benefit to the people. Hong Kong and other cities of the GBA have room for more and deeper co-operation and innovation in the areas of Renminbi business, investment and financing, asset management, green finance, fintech, risk management, etc. This will definitely provide more employment and development opportunities for young people of both places who are interested in joining the financial sector."

Mr HE Jie, Director, Shenzhen Municipal Financial Regulatory Bureau shared, "The Programme launched today has incredible significance as it represents a concrete action of Shenzhen-Hong Kong co-operation, as well as a vivid example of implementing national strategies. Through the two-way exchange between young people of Shenzhen and Hong Kong, we hope that the Programme can help young people of Hong Kong to have a better understanding of Shenzhen, of the GBA, and of the national development, thereby attracting more of them to study, work and live on the Mainland. At the same time, we look forward to the wider perspectives and new energy to be brought to the Shenzhen financial sector to stimulate more innovative, productive and creative thinking."

Mr NG Win-kong, Daryl, SBS, JP, Chairman of the Greater Bay Area Homeland Youth Community Foundation, said, "This scheme provides Hong Kong youths with an in-depth experience of the financial institutions in Shenzhen and enhances their understanding of the Mainland's financial industry. Besides helping them learn more about the Mainland's workplace culture, it also enriches their work experience and social skills, preparing them for their future career and personal development."

In addition, Mr HUI Ching-yu, Christopher, GBS, JP, Secretary for Financial Services and the Treasury, the Government of the HKSAR, also shared at the ceremony, "The 14th Five-Year Plan has supported the development of the 'eight centres' in Hong Kong, including its status as an international financial centre. As the core cities and engines for the GBA development, Hong Kong and Shenzhen can collaborate and complement each other's advantages in promoting the sustainable development of the GBA financial industry. This programme can nurture financial talent and enlarge the talent pool not just in Hong Kong but the entire GBA, laying a solid foundation for advanced development in the region."

A 6-week Internship Opportunity and a 4-day/3-night Trip to the GBA to Enhance Understanding of the Work Life and Culture in the Region

Around 40 local university students from business, finance, economics, mathematics, computer sciences and other related disciplines have been selected for the Programme. The students will join a 4-day/3-night trip to the GBA from 14 to 17 June, during which they will visit different enterprises, youth hubs, cultural spots and natural attractions, in order to foster their understanding of the latest development of the region and help them connect with one another.

Following the trip, from 19 June to 28 July, the students will start their internship in Shenzhen, where they will be working in areas such as financial analysis, compliance, data analysis, actuarial assessment, strategy development, software development and credit approval. Through these experiences, the students will gain in-depth knowledge about the work environment, financial market features and its latest development. Not only can the Programme enrich the students' work experience, but also prepare them for their future career and personal growth.

The partnering financial organisations in Shenzhen cover different scopes including banking, insurance, securities and fund management. They are: CITIC Securities Company Limited, CCB Wealth Management Co., Ltd, PICC Health Insurance Company Limited, Taikang Life Insurance Company Limited (Shenzhen), Ping An Property & Casualty Insurance Company of China Limited, Shenzhen Capital Group Co. Ltd., CSCI Pengyuan Credit Rating Co., Ltd, First Capital Securities Co., Ltd, Taiping General Insurance Co. Ltd., Bosera Asset Management Company, Ping An Securities Company Limited, Huaxia Bank Co. Ltd, China Great Wall Securities Co. Ltd.

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

Nomination Opens for Directors Of The Year Awards 2023 In the Theme “Transform for a Better Tomorrow”

HONG KONG, Jun 6, 2023 – (ACN Newswire) – The Hong Kong Institute of Directors ("HKIoD") has announced that its annual Directors Of The Year Awards 2023 are now open for nominations.

From left to right: Dr Christopher To, Dr Carlye Tsui, Ms Alice Yip, Ir Edmund K H Leung and Mr Vincent Chan provide an overview of the Directors Of The Year Awards 2023 during the briefing session.

Under the theme of "Transform for a better tomorrow", this year's Awards aim to recognise and honour the exemplary leadership of directors and boards who have steered their companies through the unprecedented challenges brought by the pandemic. These Awards acknowledge the efforts made by leaders who have not only managed to keep their businesses afloat during the crisis, but have also found innovative ways to adapt and transform their operations. The focus on transformation highlights the need for companies to embrace change and innovation in order to create a brighter future. By honouring these leaders, the Awards aim to inspire others to follow in their footsteps and drive positive change in their organisations, communities, and beyond. The awards also serve to promote the significance of corporate governance among the public.

Nomination for the Awards will close on 31 July 2023. The Panel of Judges consists of leaders, professionals and regulators in Hong Kong. Director Of The Year Awards 2023 recognises excellence in the following categories:

Company Categories
1. Listed Companies
2. Non-Listed Companies
3. Statutory/Non-Profit-Distributing Organisations*

Director Categories
1. Executive Directors
2. Non-Executive Directors
3. Boards

Note: *A non-profit-distributing organisation is defined as an organisation of which profits are not distributed to its shareholders, members, directors, employees or any other persons, with objectives including, but not limited to charitable welfare, social service, health and medical care, education, research, trade and industrial alliance, professional advancement, self-help support, etc.

The Awards nomination form and related information are available on The Hong Kong Institute of Directors website at www.hkiod.com.

About Directors Of The Year Awards
Launched in 2001, the Directors Of The Year Awards was the first of its kind organised in Asia. It is now an annual project of impact in the community. Its objectives are to recognise directors and board of directors for outstanding director practices and corporate governance, to publicise the significance of good corporate governance and to promote awareness of good corporate governance and director professionalism in Hong Kong. Nominations are open to the public. As good corporate governance is vital to all types of organisations, and professional practices from directors in all board roles are encouraged, the Awards recognise excellence in categories by company types, including listed companies, private companies and statutory/non-profit-distributing organisations, and categories by roles, including Executive Directors, Non-Executive Directors and Boards. For more details on the previous years' Awards, please visit https://www.hkiod.com/directors-of-the-year-awards-2023/

About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com

Directors Of The Year Awards 2023 Enquiries:
The Hong Kong Institute of Directors
Odessa So
+852 2889 4988 / odessa.so@hkiod.com
Fax: +852 2889 9982

Media Enquiries:
Strategic Public Relations Group
Brenda Chan
+852 2114 4396 / brenda.chan@sprg.com.hk
Fax: +852 2114 4948

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

Value Partners to Introduce Strategic Investment from GF Securities to Boost Business Development and Facilitate Long-term Growth

HONG KONG, Jun 2, 2023 – (ACN Newswire) – Value Partners Group Limited (together with its subsidiaries, "Value Partners", Hong Kong Stock Code: 806.HK) is pleased to announce the strategic investment by GF Holdings (Hong Kong) Corporation Limited ("GF Hong Kong"), a wholly owned subsidiary of GF Securities Co., Ltd. ("GF Securities") into Value Partners. GF Hong Kong will purchase part of the equity holdings from two major shareholders of Value Partners, and is expected to hold 20.20% of Value Partners upon the completion of transaction. This transaction will enable Value Partners to further strengthen its position as a world-class Asia and China specialist asset manager to address the increasing investment needs from institutional and individual investors globally.

Charles LIN, Chief Executive Officer of GF Hong Kong, stated: "As one of China's largest full-service financial institutions by asset size, GF Securities values the opportunity to collaborate with Value Partners as a strategic shareholder. The synergies we create will sharpen our competitive edges in wealth and asset management. The move is also in line with GF Securities' strategy to expand the firm's global footprints. We believe that with joint efforts, GF Securities will be able to further advance sustainable economic growth and capture financial opportunities in China's Greater Bay Area."

Dato' Seri CHEAH Cheng Hye, Co-Chairman and Co-Chief Investment Officer at Value Partners, said: "As one of the largest independent asset managers in the Asia region with more than 30-year track record of delivering investment values to our clients, Value Partners is delighted to collaborate with GF Securities through this strategic investment. The partnership will not only significantly increase Value Partners' reach to mainland Chinese investors, especially in the Greater Bay Area, through GF Securities' strong distribution network, but also strengthen our investment capabilities across different asset classes in China. We are confident that our collaboration with GF Securities as a strategic shareholder can generate synergies and bring long-term and stable returns to the company's shareholders and investors."

Completion of the Transaction is subject to the satisfaction of conditions precedents, including obtaining necessary regulatory approvals and consents from and completion of registration, with relevant governmental and regulatory authorities. Exact shareholding and consideration is to be finalized upon completion.

About Value Partners Group Limited
Value Partners, one of Asia's leading independent asset management firms, seeks to offer world-class investment services and products. Since its establishment in 1993, the Company has been a dedicated, specialist value investor in Greater China and Asia. In November 2007, Value Partners Group Limited became the first asset management firm to be listed on the Main Board of the Hong Kong Stock Exchange (Stock code: 806 HK). In addition to its Hong Kong headquarters, the firm operates in Shanghai, Shenzhen, Kuala Lumpur, Singapore and London. Value Partners' investment strategies cover equities, fixed income, multi-asset, alternatives, real estate and quantitative investment solutions, for institutional and individual clients in Asia-Pacific, Europe and the United States. Value Partners is one of the leaders in ESG investing in Greater China and is committed to developing its ESG capabilities further. For more information, please visit www.valuepartners-group.com.

About GF Securities Co., Ltd.
Established in 1991, GF Securities Co., Ltd. is one of the first, full-service securities companies 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. With excellent business performance, continual optimised risk management and quality services, the Company has successfully achieved sustainable and steady development, and has become one of the most influential securities companies in China for years. As of December 31, 2022, the Company operated 338 branches and business departments, covering 31 provinces, cities, and autonomous regions throughout China. Its capital strength and profitability remain at the top among all listed securities companies in China. The Company actively fulfils its social responsibilities through "GF Securities Social Charity Foundation", with its focus on poverty relief and provision of financial support for education, and practises social responsibilities on a voluntary basis, thus leading to the continuous increase in its reputation and brand influence.

Media Contact
Value Partners Group Limited Alice Wong alicewong@vp.com.hk
+852 2143 0340

Citigate Dewe Rogerson Isaac Yau
isaac.yau@citigatedewerogerson.com
+852 3103 0112

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

Doubleview Is Pleased to Announce Drill Hole Assay Results and Strong Mineralization Connects West Lisle Mineralization with the Main Lisle Mineralization

Vancouver, BC, Jun 1, 2023 – (ACN Newswire) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the "Company or "Doubleview") is pleased to announce assay results of Hat Project drill holes H045, H046, H047, H048, H050 and H051. Drill hole H050 intersected the strongest Cobalt mineralization yet with 2240g/t over 3 meters. Drill hole H045 intersected one of the longest and strongest sections of mineralization reported in this news release with 459m at 0.91% CuEq.

The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond drilling operations. Hat Property surveys and drilling have been largely directed to the Lisle copper-gold-cobalt-scandium mineral zone. Principal minerals are chalcopyrite, pyrite and magnetite hosted in volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7 km by 1.7 km and is still being delimited laterally and at depth.

Drill holes reported in this news release were positioned as follows:

H045 and H046 expanded the West Lisle area, H047 extended an area of strong mineralization north-northeast of the Main Lisle Zone that was discovered by drilling in 2022 and holes H049, H050 and H051 added significantly to the west side of the Main Lisle Zone. Assay data are included in Table 1. Assays are summarized as follows:

North-Northeast of Lisle Zone:
– Drill hole H047 intercepted 343.6 meters* with 0.91% Cu Equivalent** from surface, including 120.9 meters with 1.05% CuEq.

West of the Lisle Zone:
– Drill hole H045: intercepted 459.0 meters with 0.92% Cu Eq from 28m depth, including 127.0 meters with 0.98% Cu Eq.
– Drill hole H046: intercepted 315.1 meters with 0.81% Cu Eq from 66m depth, including 141.0 meters with 0.97% Cu Eq.

Main-west of the Lisle Zone:
– Drill hole H049: Assays pending.
– Drill hole H050: intercepted 290.1 meters with 1.03% Cu Eq from near surface, including 207.6 meters with 1.08% Cu Eq.
– Drill hole H051: intercepted 313.4 meters with 0.96% Cu Eq from near surface, including 44.8 meters with 1.30% Cu Eq.

Note: (*) Drill hole intercepts are presented as drilled. The company does not have sufficient information to provide true deposit dimensions.

Significant intercepts are presented in Table 1 and discussed below. Drill hole locations and sections are shown in Figures 1, 2, 3 and 4 and coordinates and other location details are presented in Table 2.

Farshad Shirvani, Doubleview's president and CEO, comments that "Recent drilling exploration has shown continuity and strength of mineralization in the Lisle deposit, although boundaries in all directions are not yet known. The year 2023 is crucial for the development of the Hat project, as it involves metallurgical studies and the maiden resource estimation, which will provide insights into the significance of this deposit. I am delighted that we have one of the largest and potentially viable Scandium and Copper deposits in the Western Hemisphere."

TABLE 1. Assay results
https://www.acnnewswire.com/docs/Multimedia/20230601.Doubleview1.jpg

Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.

**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:

– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)

– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc

TABLE 2. Drill Hole Data
https://www.acnnewswire.com/docs/Multimedia/20230601.Doubleview2.jpg

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview's core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

The following map and sections show the location of the reported drill holes.

Figure 1. Drill PLAN MAP
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_001full.jpg

Figure 2. Section A – A'
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_002full.jpg

Figure 3. Section B – B'
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_003full.jpg

Figure 4: Section C – C'
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_004full.jpg

Doubleview maintains a website at www.doubleview.ca which is under construction at the moment.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (GER: A1W038), (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company's portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168327

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

Doubleview Is Pleased to Announce Drill Hole Assay Results and Strong Mineralization Connects West Lisle Mineralization with the Main Lisle Mineralization

Vancouver, British Columbia, June 1, 2023 – (ACN Newswire) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce assay results of Hat Project drill holes H045, H046, H047, H048, H050 and H051. Drill hole H050 intersected the strongest Cobalt mineralization yet with 2240g/t over 3 meters. Drill hole H045 intersected one of the longest and strongest sections of mineralization reported in this news release with 459m at 0.91% CuEq.

The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond drilling operations. Hat Property surveys and drilling have been largely directed to the Lisle copper-gold-cobalt-scandium mineral zone. Principal minerals are chalcopyrite, pyrite and magnetite hosted in volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7 km by 1.7 km and is still being delimited laterally and at depth.

Drill holes reported in this news release were positioned as follows:

H045 and H046 expanded the West Lisle area, H047 extended an area of strong mineralization north-northeast of the Main Lisle Zone that was discovered by drilling in 2022 and holes H049, H050 and H051 added significantly to the west side of the Main Lisle Zone. Assay data are included in Table 1. Assays are summarized as follows:

North-Northeast of Lisle Zone:

Drill hole H047 intercepted 343.6 meters* with 0.91% Cu Equivalent** from surface, including 120.9 meters with 1.05% CuEq.

West of the Lisle Zone:

Drill hole H045: intercepted 459.0 meters with 0.92% Cu Eq from 28m depth, including 127.0 meters with 0.98% Cu Eq.
Drill hole H046: intercepted 315.1 meters with 0.81% Cu Eq from 66m depth, including 141.0 meters with 0.97% Cu Eq.

Main-west of the Lisle Zone:

Drill hole H049: Assays pending.
Drill hole H050: intercepted 290.1 meters with 1.03% Cu Eq from near surface, including 207.6 meters with 1.08% Cu Eq.
Drill hole H051: intercepted 313.4 meters with 0.96% Cu Eq from near surface, including 44.8 meters with 1.30% Cu Eq.

Note: (*) Drill hole intercepts are presented as drilled. The company does not have sufficient information to provide true deposit dimensions.

Significant intercepts are presented in Table 1 and discussed below. Drill hole locations and sections are shown in Figures 1, 2, 3 and 4 and coordinates and other location details are presented in Table 2.

Farshad Shirvani, Doubleview’s president and CEO, comments that “Recent drilling exploration has shown continuity and strength of mineralization in the Lisle deposit, although boundaries in all directions are not yet known. The year 2023 is crucial for the development of the Hat project, as it involves metallurgical studies and the maiden resource estimation, which will provide insights into the significance of this deposit. I am delighted that we have one of the largest and potentially viable Scandium and Copper deposits in the Western Hemisphere.”

TABLE 1. Assay results

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	CuEq (%)* incl Sc2O3
H045	28.0	487.0	459.0	0.49	0.09	87.4	0.15	29.5	0.92
Inc.	28.0	184.0	156.0	1.00	0.07	85.0	0.20	27.7	0.91
Inc.	91.0	184.0	93.0	1.10	0.09	93.5	0.28	27.0	0.98
Inc.	336.0	463.0	127.0	0.31	0.16	141.1	0.22	26.8	0.98
Inc.	338.0	418.0	80.0	0.37	0.19	183.6	0.26	29.2	1.11
Inc.	338.0	385.0	47.0	0.43	0.22	205.1	0.30	32.9	1.27
Inc.	352.0	385.0	33.0	0.49	0.28	228.3	0.37	30.0	1.30
H046	44.0	359.1	315.1	0.53	0.10	108.8	0.16	23.8	0.81
Inc.	128.0	281.0	153.0	0.92	0.15	142.7	0.26	24.0	0.95
Inc.	128.0	356.0	228.0	0.66	0.14	119.7	0.20	22.2	0.84
Inc.	128.0	269.0	141.0	0.70	0.15	145.9	0.26	25.0	0.97
H047	7.6	351.2	343.6	0.55	0.11	73.9	0.12	30.0	0.91
Inc.	14.0	336.7	322.7	0.57	0.11	75.2	0.13	29.4	0.91
Inc.	99.0	219.9	120.9	0.86	0.20	97.1	0.17	31.0	1.05
Inc.	99.0	158.3	59.3	1.22	0.37	135.8	0.25	32.0	1.26
Inc.	99.0	120.3	21.3	0.37	0.58	147.6	0.09	31.5	1.24
Inc.	145.5	158.3	12.8	3.83	0.45	195.5	0.75	29.3	1.71
Inc.	219.5	219.9	0.4	18.70	0.36	192.0	2.28	18.1	2.76
H050	64.2	342.3	278.1	0.85	0.11	143.9	0.21	29.0	0.99
Inc.	12.8	302.8	290.1	0.81	0.10	148.3	0.19	31.0	1.03
Inc.	99.1	306.7	207.6	1.11	0.13	178.9	0.26	29.2	1.08
Inc.	99.1	165.6	66.5	2.96	0.24	350.9	0.55	29.6	1.49
Inc.	127.3	130.2	3.0	45.90	1.31	1715.0	5.87	16.4	7.19
Inc.	146.5	149.5	3.0	2.85	0.23	2240.0	0.34	3.1	1.58
Inc.	202.5	247.4	45.0	0.35	0.14	190.3	0.20	29.8	1.04
H051	7.0	320.4	313.4	0.35	0.06	76.4	0.11	33.7	0.96
Inc.	107.9	152.7	44.8	1.78	0.27	221.4	0.51	24.9	1.30
Inc.	117.5	118.7	1.2	19.60	2.41	1490.0	5.17	14.7	6.98

Notes:

– Metal equivalents should not be relied upon for future evaluations.

– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.

**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:

– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)

– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc

TABLE 2. Drill Hole Data

Drill Hole ID	UTM – East	UTM – North	Elevation	Max-Depth	Azimuth	Dip	Area
H044	347,148	6,454,257	972	18	290	-55	Lost Hole
H045	347,151	6,454,269	972	562	45	-60	Lisle West
H046	347,151	6,454,269	972	482.3	180	-65	Lisle West
H047	348,035	6,454,681	1,034	352.2	0	-90	Lisle West
H050	347,471	6,454,073	964	557.5	0	-59.33	Lisle West
H051	347,471	6,454,073	964	461.5	30	-67.5	Lisle West

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

The following map and sections show the location of the reported drill holes.

Figure 1. Drill PLAN MAP

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Figure 2. Section A – A’

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Figure 3. Section B – B’

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Figure 4: Section C – C’

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Doubleview maintains a website at www.doubleview.ca which is under construction at the moment.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (GER: A1W038), (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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Mitrade Launches ‘TradingACE’, The Trump Card of Real World Trading Success

MELBOURNE, AUSTRALIA, June 1, 2023 – (ACN Newswire) – Leading CFD platform Mitrade is calling out to trading newbies to try its revolutionary mobile application “TradingACE“. This cutting-edge app, aptly named after the Academy for CFD Education (ACE), is set to revolutionize the way aspiring traders learn and engage with Contract for Difference (CFD) trading. TradingACE is currently available for download in the Google Play Store for Android and AppStore for iOS devices.

Contract for Difference (CFD) trading is a dynamic financial instrument that empowers traders to profit from price movements in various assets, including stocks, commodities, currencies, and indices. However, mastering the complexities of CFD trading requires a comprehensive understanding of skills and strategies.

TradingACE marks a paradigm shift in CFD education, providing traders of all levels with the knowledge and expertise needed to thrive in the fast-paced world of CFD trading. The key features of TradingACE empower traders to unlock their full potential:

Comprehensive and Interactive Learning Experience

TradingACE offers access to a diverse range of interactive bite-sized courses covering essential CFD fundamentals, trading techniques, and in-depth analysis of specific markets. These courses are thoughtfully designed and curated by industry experts, guaranteeing a comprehensive learning experience.

Engaging and Gamified Assessments

TradingACE transcends traditional learning methods by integrating thought-provoking quizzes and exciting games that challenge users’ understanding of CFD trading concepts. By gamifying the learning process, users can enhance their comprehension while enjoying an engaging educational journey.

Realistic Trading Simulations

One of the standout features of TradingACE is its provision of realistic trading simulations. These simulations replicate actual market conditions, enabling users to practice their skills and strategies without risking their hard-earned capital. Traders can gain valuable hands-on experience and refine their decision-making abilities in a safe and controlled environment.

Seamless Mobile Accessibility

TradingACE is available on both iOS and Android platforms, ensuring users can access the app on their smartphones. With its intuitive and responsive design, the app guarantees a seamless user experience allowing users to pick up where they left off. A convenient feature favoring users to learn and practice anytime, anywhere.

TradingACE represents the culmination of Mitrade‘s dedication to offering the best learning experience to its users. The app’s ACE concept, which stands for the Academy for CFD Education, symbolizes Mitrade’s mission to provide unrivaled educational resources and ensure traders are equipped with the necessary tools to excel in their trading journey.

About Mitrade:

Mitrade is a leading global online CFD trading platform that offers a diverse range of financial instruments to traders worldwide. With over 400+ markets to choose from, traders have unparalleled opportunities to engage in various assets, including stocks, commodities, currencies, and indices. Whether it’s exploring the stock market, delving into the intricacies of forex trading, or navigating the world of commodities, Mitrade provides a comprehensive selection of trading options. For more information, please visit www.mitrade.com.

For media inquiries, please contact:

Brand: Mitrade

Contact: Media team

E-mail: branding@mitrade.com

Website: https://www.mitrade.com/

HKTDC T-box programme launches new stream

HONG KONG, May 31, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business. The new stream is expected to organise 100 free consultation meetings and serve 500 small and medium sized enterprises (SMEs) in its first year, covering both manufacturing and services sectors, such as garments, electronics, lighting, houseware and gifts, as well as transport, catering and construction.

Ms Winsome Chan, Head of Marketing and Customer Service, HKTDC, Mr Simon Ng, Chief Executive
Officer, Business Environment Council, Dr Patrick Lau, Deputy Executive Director, HKTDC and
Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd [L-R]

HKTDC Deputy Executive Director Dr Patrick Lau said promoting sustainable development was an important theme globally; governments and multinational companies had set targets to cut carbon dioxide emissions, providing impetus for the green sector and encouraging Hong Kong businesses to move forward with sustainable development. In addition, ESG compliance had become a criterion for bank-loan approval and orders from premium buyers.

ESG is crucial for success

"ESG is no longer simply an option, but an important success factor. The HKTDC hopes this new service will become the strongest support for local business in their ESG transformation, encouraging more SMEs to take action to achieve sustainable development goals through adopting innovative eco solutions, as well as to bear social responsibilities and enhance corporate governance," Dr Lau added.

To help SMEs navigate trends and apply ground-breaking technologies for solving long-lasting problems, the HKTDC and a number of organisations – including Business Environment Council (BEC) and Dun & Bradstreet (HK) Ltd – will cooperate to provide practical advice and information on sustainability transformation through consultation and workshops. ESG registration services will be offered at a discount.

The HKTDC will proactively collaborate with industry organisations and professional bodies to organise thematic workshops on social responsibility and corporate governance for SMEs, covering issues ranging from human resources and supply chain to risk management, cybersecurity and more.

Net-zero roadmaps for businesses

Business Environment Council (BEC) Chief Executive Officer Mr Simon Ng said severe climate challenges meant all business sectors should immediately act to formulate roadmaps and accelerate the net-zero transition.

"BEC will lead the local business community to build a sustainable ecosystem and continue to work with different stakeholders to achieve the goal of carbon neutrality through thought-leadership, innovative solutions, policy advocacy, strategic partnership, advisory services and environmental education," he said.

Discounted ESG Registered(TM) Service

Dun & Bradstreet will offer special discounts for T-box members using the D&B ESG Registered(TM) service, to help them take the first steps towards sustainable transformation and enhance ESG data transparency, which helps firms that form part of global ESG supply chains.

Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd said ESG was about more than net-zero emissions; social responsibility and corporate governance were equally important. "To comply with ESG commitment, many MNCs (Multinational Corporations) have incorporated ESG controls into their supplier and vendor evaluation and selection process. D&B ESG Registered(TM) meets industry recognised sustainability standards such as SASB, GRI, TCFD, UN SDGs, UN PRI and CDP, those who successfully complete the required assessment will be given a badge as a recognition of commitment to disclosing ESG data, and SMEs' efforts in ESG will help lift up corporate images and enhance competitive edges."

Supporting over 3,000 SMEs

The HKTDC Transformation Sandbox (T-box) is a SME support programme launched in April 2020 to help businesses enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing and supply chain solutions and new markets.

The T-box team supports SMEs over a three-month period with advisory services, workshops, government-funding information, market knowledge and networking opportunities to help them track market trends, improve skills and expand business connections. The programme has served more than 3,000 companies since launch. With the support of representatives from professional bodies, business associations, chambers of commerce, business partners as well as HKTDC overseas offices, about 850 consultation meetings have been arranged free of charge.

About T-Box x Dun & Bradstreet Hong Kong ESG Registered(TM) Service

https://smesupport.hktdc.com/en/s/dun-and-bradstreet

About BEC

Business Environment Council Limited (BEC) is an independent, charitable membership organisation, established by the business sector in Hong Kong. Since its establishment in 1992, BEC has been at the forefront of promoting environmental excellence by advocating the uptake of clean technologies and practices which reduce waste, conserve resources, prevent pollution and improve corporate environmental and social responsibility. BEC offers sustainable solutions and professional services covering advisory, research, assessment, training and award programmes for government, business and the community, thus enabling environmental protection and contributing to the transition to a net-zero economy.

About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk

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
HKTDC's Communications and Public Affairs Department
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

Fosun’s Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

HONG KONG, May 31, 2023 – (ACN Newswire) – On 30 May, international rating agency S&P Global Ratings issued a report, raising Fosun International's rating outlook to stable.

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings. The results of its strategy of "streamlining the organization" are gradually emerging.

Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.

S&P Global Ratings pointed out in the report that benefitting from the diversified asset portfolio and management's commitment and execution to deleverage through asset disposal, Fosun's asset disposals brought a cash inflow of approximately RMB30.0 billion in 2022. At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market. The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters. As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion. In addition, the share of bank loans in the holding company's debt rose, the proportion of debts due over the next 12 months dropped significantly, and the stability of the debts improved significantly.

Market analysts pointed out that in the face of the challenging global financial backdrop, U.S. interest rate hike cycle, and geopolitical tensions that disrupt the global economy, Fosun firmly positions itself as a "global innovation-driven consumer group" and implements the strategy of "streamlining the organization", focuses on core businesses, and consolidates the ability to win out market cycles, which set a great example for Chinese companies competing in international markets.

On 30 March, Guo Guangchang, Chairman of Fosun International, once said at Fosun International's 2022 annual results presentation, "2022 was a special year for Fosun. I think it was a 'perfect storm'. To usher in the future, we must first win out the storm."

In 2022, Fosun stepped up its efforts in the divestment of non-strategic and non-core assets initiated since 2020 to consolidate its liquidity cushion. For the full year of 2022, the amount by contract value based on consideration set out in the divestment agreements exceeded RMB40.0 billion, bringing a cash inflow of nearly RMB30.0 billion at holding company level.

After winning out the "perfect storm", Fosun's efforts in "streamlining the organization" have been recognized in the financial market.

In early May this year, Fosun International's offshore multi-currency syndicated loan was officially launched, and it has obtained a loan of more than US$450 million in equivalent so far. The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners, and more than 10 banks have joined the syndicate.

In January this year, Fosun's domestic operating entity, Shanghai Fosun High Technology (Group) Co., Ltd. obtained a syndicated loan of RMB12.0 billion. The syndicate was formed by five major state-owned commercial banks including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications as joint lead banks, and China Minsheng Bank, the Export-Import Bank of China, and Shanghai Pudong Development Bank as participating banks.

In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks. Considering the progress of bank financing, S&P Global Ratings affirmed Fosun's long-term issuer credit rating and guaranteed senior unsecured notes rating, and raised the rating outlook from negative to stable.

Domestic and foreign banks have successively provided significant credit support to Fosun, which reflects mainstream financial institutions' recognition of Fosun's debt management actions such as accelerating the sale of non-core assets and cash inflows. The significant financial support from banks will also help Fosun reduce its dependence on public market financing and support subsequent liquidity management and sustainable business development.

Fosun's series of measures to deleverage and increase cash inflow have also accumulated momentum for the recovery of core businesses in the household consumption sector. In the first quarter of this year, Fosun's businesses in consumer and tourism sectors showed a remarkable upward trend. In the first quarter, Yuyuan achieved an operating revenue of RMB15.244 billion, representing a year-on-year growth of 22.61%; the revenue of Yuyuan Jewelry and Fashion reached RMB11.494 billion, representing a year-on-year increase of 28.55%. Coupled with the overall relaxation of travel restrictions worldwide, Fosun Tourism Group's profit attributable to the parent in the first quarter doubled compared with the same period in 2022, Club Med's business volume reached RMB5.004 billion, an increase of about 44.2%; during the May Day holiday this year, the total business volume of Club Med resorts in China exceeded the same period in 2022 by about eight folds, and exceeded the same period in 2019 by about 110%.

In view of Fosun's business recovery this year, a number of securities firm such as Goldman Sachs, Daiwa Capital Markets, Guotai Junan, etc., successively published research reports, assigning Fosun International a "Buy" or "Overweight" rating.

In the report, S&P Global Ratings also looked ahead to the next 12 to 18 months, on the basis that the short-term liquidity pressure has been greatly eased, Fosun's strategy of "streamlining the organization" will continue to bear fruit, which may be reflected in future rating actions.

"The virtuous cycle of the capital market and credit rating will lay a solid foundation for the smooth implementation of Fosun's subsequent financial and business strategies," an analyst said.

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

Shiv Narayan Jewellers Makes History Achieving 8 Guinness World Records(TM) Titles

HYDERABAD, INDIA, May 31, 2023 – (ACN Newswire) – Shiv Narayan Jewellers Pvt Ltd, Hyderabad's top legacy jeweller, has achieved 8 Guinness World Records(TM) Titles, becoming the first Indian jeweller in history to accomplish such a feat. To commemorate the occasion, a grand celebration attended by high profile dignitaries and celebrities unfolded at the breathtaking Taj Falaknuma Palace in Hyderabad, the perfect venue to commend the Shiv Narayan's rich legacy.

Shiv Narayan Jewellers achieves 8 Guinness World Records

Mr. Kamal Kishore Agarwal, Disha Patani, Mr. Tushar Agarwal [L-R]

The grand event featured Bollywood's fashion icon Disha Patani who strutted the ramp in one of Shiv Narayan's high jewellery pieces. Her ethereal presence not only showcased its intricacy but also the craftsmanship and its breathtaking elegance. The evening unfolded as a captivating showcase of fashion, glamour, and exquisite jewellery but the highlight of the event was the unprecedented 'Experiential Zone' – an immersive experience of the record-breaking jewels themselves. The four zones, dedicated to each of the creations, exhibited the inspirations, innovation and nuances of the pieces.

The first of the four, The Ganesha Pendant, achieved the Guinness World Records Title for The Heaviest Pendant weighing in at 1011.150 grams & The Most Diamonds Set On A Pendant (11,472). A testament to exquisite craftsmanship, the handcrafted jewel took 6 1/2 months to create.

Shiv Narayan Jewellers went on to break their own record: The Ram Darbar achieved the world record for The Heaviest Pendant at 1681.820 grams and The Most Diamonds Set On A Pendant with 54,666 diamonds. It also became The Heaviest Diamond Pendant exceptionally designed over 8 1/2 months with diamonds inscribing Sri Ram (Lord Ram) even on the back.

The Satlada Necklace (The Seven Layer Necklace) is Shiv Narayan's third award winning masterpiece. With 315 emeralds and 1971 fine diamonds, it now holds the records for The Most Emeralds Set On A Necklace and The Most Diamonds Set On A Necklace. The sourcing of the gemstones for this necklace alone took 2 1/2 years and the piece was crafted over 5 1/2 months. Paying homage to the ancient treasures of the Nizams, an integral part of Shiv Narayan's heritage, The Satlada Necklace is a resplendent creation exemplifying the dedication and attention invested in each piece.

Elevating luxury to new heights, Shiv Narayan Jewellers' The Magnifying Glass holds an impressive value of $108,346 making it The Most Expensive Magnifying Glass.

Expressing his elation and gratitude for this remarkable achievement, Mr. Tushar Agarwal, Managing Director – Shiv Narayan Jewellers Pvt Ltd, stated, "We are truly humbled to have achieved 8 Guinness World Records Titles. It is a huge advancement for the entire industry and we are truly grateful that our dedication, hard work and passion has been recognised at such a global level. We hope to continue to pioneer innovation in the industry and reach new heights."

As the Only Indian Jeweller To Have Achieved 8 Guinness World Records Titles, Shiv Narayan Jewellers have solidified their position at the top in the gem and jewellery industry. Shiv Narayan Jewellers Pvt Ltd is a prestigious vintage and royal jewellery brand specialising in emerald jewellery. The company was started by Seth Sri Shiv Narayan Ji, the head jeweller to Mir Osman Ali Khan, the VII Nizam of Hyderabad. Since then, the brand has created many masterpieces. Today, it is in the hands of Mr. Kamal Kishore Agarwal and Mr. Tushar Agarwal, the current Chairman and Managing Director of the company.

For more information, please visit https://shivnarayanjewellers.com/

Media Contact:
Shifa Shaikh, Shiv Narayan Jewellers Pvt. Ltd.
Email: info.beyondpr@gmail.com

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