17th Asian Financial Forum opens today

The 17th AFF, themed Multilateral Cooperation for a Shared Tomorrow, is taking place at the HKCEC for two consecutive days. It is expected to attract over 3,000 finance and business elites, including more than 70 delegations from overseas and Mainland China, boosting the convention and exhibition industry’s contribution to economic growth
The opening day of the Forum featured a keynote luncheon speech by Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network. He discussed how Responsible Capitalism will foster public-private partnerships and promote sustainable development
Finance ministers from various countries gathered in the Plenary Session I – Charting the Path to a Shared Future to share how they collaborate in addressing global economic issues within limited fiscal space and resilience. In Plenary Session II – Finance for Sustainability and The Role of Multilateralism, speakers delved into the impact of multilateral cooperation on regional economic development, financial standards and sustainable finance
Tomorrow’s Forum promises equal appeal, with a keynote speech by Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller, Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. He will address prospects for multilateralism and modern finance

HONG KONG, Jan 24, 2024 – (ACN Newswire) – The 17th Asian Financial Forum 2024 (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). With the theme Multilateral Cooperation for a Shared Tomorrow, the two-day Forum serves as the first major financial and business event in the region for 2024. Over 130 finance officials, international financial and multilateral organisations, financial institutions and private-sector leaders from around the world gather in Hong Kong as speakers. They analyse global economic dynamics, promote collaboration among stakeholders, explore sustainable economic development models and identify opportunities for multilateral cooperation.

The Forum is expected to attract over 3,000 finance and business elites, including more than 70 delegations from Mainland China, Southeast Asia, Japan, Korea, the Middle East, Australia, Europe, and the United States. The Forum aims to showcase the vibrancy of Hong Kong and promote the convention and exhibition industry to participants from all over the world as an economic growth driver.

The Opening Session of the Forum featured opening remarks by John Lee, the Chief Executive of the HKSAR, special remarks by Li Yunze, Minister, National Financial Regulatory Administration (NFRA) and welcome remarks by Dr Peter KN Lam, Chairman of the HKTDC. Dr Lam said: “A year post-pandemic, what we all are seeking are opportunities to grow and transform and create a better world for future generations. Opportunities that can only come to fruition as a result of sustained multilateral cooperation. Themed ‘Multilateral Cooperation for a Shared Tomorrow’, the Forum brings together leading policymakers and industry players from the world of finance and business to engage in meaningful, forward-looking conversations and find ways to collaborate for success on today’s most pressing issues.”

The two-day Forum encompasses diverse events, including plenary sessions, policy dialogue, keynote luncheons and business networking opportunities. Through meetings and exhibitions, it delves into global economic outlook, opportunities in China, investment prospects, green finance, financial technology, the ecosystem of family offices, renminbi internationalisation and financial development in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). These hot topics comprehensively showcase Hong Kong’s advantages as an international financial centre.

Diverse speakers from the Middle East and ASEAN for plenary discussions

This year’s Forum focuses on exploring opportunities in Mainland China, the Middle East and ASEAN. One highlight was the Plenary Session I – Charting the Path to a Shared Future, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR. The session brought together financial officials from around the world to share their countries’ outlook on financial policies for this year. The guest speakers included Ali bin Ahmad Al Kuwari, Minister of Finance of Qatar; Julapun Amornvivat, Deputy Minister of Finance of Thailand; Mohamed Maait, Minister of Finance of Egypt; Suahasil Nazara, Vice Minister of Finance of Indonesia; and Marko Primorac, Minister of Finance of Croatia.

Following that, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, hosted a Policy Dialogue session Towards International Economic and Financial Cooperation. The session discussed how to maintain financial system stability amidst changes in monetary policies, fluctuations in commodity prices and frequent extreme weather events. The guest speakers in this session included Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank; Lkhagvasuren Byadran, Governor of the Central Bank of Mongolia; Thomas Helbling, Deputy Director of the Asia and Pacific Department at the International Monetary Fund (IMF); Ian Johnston, Chief Executive of the Dubai Financial Services Authority; and Scott Morris, Vice President of the Asian Development Bank. They exchanged valuable insights on issues such as how to respond to global financial crises through multilateral cooperation.

Prof Sachs from the UN analysed responsible capitalism

The Keynote Luncheon on the first day heard welcome remarks by Paul Chan, Financial Secretary of the HKSAR. This was followed by a keynote address from Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network. The speech explored how Responsible Capitalism could foster public-private partnerships and drive the economy towards sustainable development. Following Prof Sachs’ speech, Ronnie Chan, Chair of Hang Lung Properties Limited, moderated a discussion session.

Financial and business leaders discuss global economy, cooperation opportunities

The afternoon session began with the Panel Discussion on Global Economic Outlook, moderated by Victor Fung, Chairman of Fung Investments. The panel included esteemed speakers such as Lorenzo Bini Smaghi, Chairman of Société Générale; Jenny Johnson, President and Chief Executive Officer of Franklin Templeton; Chartsiri Sophonpanich, President of Bangkok Bank Public Company Limited; and José Viñals, Group Chairman of Standard Chartered plc. They shared insightful perspectives on prospects for the global economy and future policy directions.

The afternoon session continued with Plenary Session II – Finance for Sustainability and The Role of Multilateralism, once again hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR. The panel featured Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank; Alexandra Jour-Schroeder, Deputy Director-General of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union at the European Commission; Hala El Said, Minister of Planning and Economic Development of Egypt; and Dilma Rousseff, President of the New Development Bank. They delved into such topics as the impact of nearshoring, rising protectionism and multilateral cooperation on regional economic development, financial standards and sustainable financial development.

Empowering global economic integration by unleashing China’s potential

The Panel Discussion on Stewarding China’s New Chapter debuted this year, aiming to explore the potential of Mainland China’s market and analyse the role and advantages of Hong Kong under strategic initiatives launched by the mainland. The session was moderated by Fan Gang, President of the China Development Institute, and featured prominent figures from the financial and business sectors who are well-versed in Chinese market trends. They shared insights on how businesses worldwide could seize opportunities presented by the rapid development in Mainland China. The guest speakers included Jan Craps, CEO & Co-Chair of Budweiser APAC and APAC CEO AB InBev; Fang Feng-lei, Founder and Chairman of Hopu Investments; Liu Yang, Chairperson and Chief Investment Officer of Atlantis Investment Management; Jung-Ho Rhee, Vice Chairman of Mirae Asset Securities; and Anil Wadhwani, Chief Executive Officer of Prudential plc.

The first day of the Forum also heard the results of a joint market survey by the HKTDC and Knowledge Partner PwC on the financial industry’s views on application of artificial intelligence. Raymund Chao, Chairman of PwC Asia Pacific and China, pointed out during the Forum that the survey revealed a growing prevalence of AI applications in financial services. Survey findings emphasised the importance for the industry of seizing opportunities and harnessing the developmental potential of AI more effectively.

Thematic sessions discussed topics trending across the world, covering the global economic outlook, impact of sustainability on insurance and capital markets, as well as collaborative opportunities in asset and wealth management. Additionally, Global Spectrum, Dialogues for Tomorrow, and Fireside Chat sessions brought together pioneers from different industries to delve into current hot topics such as next-generation entrepreneurship, cybersecurity, food supply and Islamic finance.

Unlocking investment opportunities with over 400 projects at AFF Deal-making

To facilitate substantial cooperation, the HKTDC and Hong Kong Venture Capital and Private Equity Association (HKVCA) are co-organising AFF Deal-making. This platform enables participants to engage in one-on-one meetings, connecting them with funds and investment projects from around the world. The event focuses on key industries such as financial technology, environment, energy and clean technology, medical technology, deep technology and food and agriculture. This year’s AFF Deal-making has attracted over 200 investors and more than 400 projects. Following conclusion of the Forum tomorrow, participants can use the deal-making online platform for virtual meetings until 30 January (Tuesday) to continue exploring key opportunities in different fields.

Creating business connections through multiple exhibition zones

The Forum continues to feature exhibition zones including Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone which bring together over 100 exhibitors, including local and global financial institutions, technology companies, start-ups, investment promotion agencies and sponsors. Participants include knowledge partner PwC, along with HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International and Cyberport.

The Global Investment Zone features participation from countries and regions including Canada, Dubai, Egypt, Finland, Kuwait, Luxembourg, Mainland China, Malaysia, Mauritius, Portugal, Spain and the UAE. Investment promotion agencies introduce local investment environments and potential projects on-site. The InnoVenture Salon is dedicated to supporting start-up development and provides a platform for more than 100 start-ups to connect with international investors and potential partners. At the FintechHK Startup Salon 60 enterprises from Hong Kong, Australia, Austria, France, Japan, Korea, the Mainland, Singapore, Thailand, the United States and Vietnam showcase innovative concepts in areas such as AI, blockchain, insurtech, payment technology, regulatory technology and wealthtech.

Momentum continues at key sessions tomorrow

AFF continues tomorrow with rich content, including diverse thematic discussion sessions and workshops that comprehensively analyse trends in capital markets, RMB internationalisation, philanthropy, green smart cities, financial technology, healthcare investments and more. A highlight will be the lunch session where Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller, Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, will deliver a keynote speech on multilateral cooperation, deconstructing the phenomenon of global geopolitical fragmentation.

A highly anticipated session is the Dialogue with Bob Prince, featuring Mr Prince, Co-Chief Investment Officer of Bridgewater Associates, the world’s largest hedge fund. He will share his investment insights and views on multilateral cooperation. Another new session, CIO Insights, will also take place tomorrow morning, bringing together chief investment officers from internationally renowned institutions to share their experiences in guiding asset allocation and investment decisions during economic uncertainty. Other featured AFF guests tomorrow include Susan Chan, Senior Managing Director, Head of Asia Pacific, Head of Investments, Asia Pacific of BlackRock; René Buehlmann, Chief Executive Officer, Investments of abrdn plc; Janet Perumal, Senior Managing Director, Wellington Management Company; and Min-Lan Tan, Head of Chief Investment Office APAC of UBS AG.

To allow overseas participants to experience the vibrant colours of Hong Kong and promote the conference and exhibition economy, the organisers have collaborated with several organisations to offer exclusive experiential activities for those visiting Hong Kong, including free admission to the Hong Kong Palace Museum, Hong Kong’s iconic Aqua Luna red-sail junk boat, TramOramic tour, and open-top Big Bus arranged by the Hong Kong Tourism Board. In addition, they can enjoy dining discounts at various restaurants and special offers at local tourist attractions, as well as participate in guided tours.

Photos Download: https://bit.ly/428McIg

The 17th Asian Financial Forum kicked off today at the HKCEC. The Forum runs for two consecutive days under the theme Multilateral Cooperation for a Shared Tomorrow

John Lee, Chief Executive of the HKSAR, delivered opening remarks

Dr Peter KN Lam, Chairman of the HKTDC, delivered welcome remarks

Li Yunze, Minister of National Financial Regulatory Administration (NFRA) delivered the special remarks in the Opening Session

Paul Chan, Financial Secretary of the HKSAR, participated in the Keynote Luncheon of the first day Forum and delivered the welcome remarks

Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, delivered the keynote address

Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR (left), hosted two Plenary Sessions at this year’s AFF

This year’s AFF Deal-making has attracted over 200 investors and more than 400 projects. Following conclusion of the Forum tomorrow, participants can use the deal-making online platform for virtual meetings until 30 January (Tuesday) to continue exploring key opportunities in different fields

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/
Programme: https://www.asianfinancialforum.com/conference/aff/en/programme
Speaker List: https://www.asianfinancialforum.com/conference/aff/en/speakers

Media enquires

Yuan Tung Financial Relations:
Anson Wong, Tel: (852) 3428 3413, Email: awong@yuantung.com.hk
Tiffany Leung, Tel: (852) 3428 2361, Email: tleung@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Katy Wong, Tel: (852) 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

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

NASDAQ-listed Agape ATP Unveils Expansion Plans and Green Initiatives at Opening Bell Ringing Ceremony

KUALA LUMPUR, Jan 24, 2024 – (ACN Newswire) – Homegrown Nasdaq listed Agape ATP Corporation (“ATPC” or the “Company”; NASDAQ: ATPC) announces the Company’s move to push forward its Sustainability Green Energy Initiative at the NASDAQ Opening Bell Ringing Ceremony hosted by ATPC at the Kuala Lumpur Convention Centre recently.

Datuk Ir. (Dr.) Khairol Anuar Mohamad Tawi, Pengerusi, SIRIM Berhad; YBhg. Datin Saidatul Badru Tun Said; YBhg. Puan Sri Datin Noraini Binti Mohd; YB Tan Sri Dato’ Johari Bin Abdul, Yang di-Pertua Dewan Rakyat; YBhg. Datin Sri Dr. Yvonne Teng; YBhg. Dato Sri Dr. How Kok Choong J.P., Founder & Global Group CEO, AGAPE ATP Corporation; Professor Dr. MD Nasir Ibrahim, Penasihat Koporate Agape ATP Corporation; Mr. Hiren Krishnani, NASDAQ ASEAN Investor Relations and IPO Director; YBhg. Dato’ Rohaizi bin Bahari, Pengarah Kanan Sektor Perdagangan Pengedaran dan Perniagaan (SDTP); Dr. Fernando Cortizo, Executive Director of Agape ATP Corporation [L-R]

The event held marks a significant milestone for ATPC and was attended by the Speaker of the Dewan Rakyat, YB Tan Sri Dato’ (Dr.) Johari Bin Abdul; Representing the Honourable Minister of Domestic Trade and Cost of Living YB Datuk Armizan Bin Mohd Ali is Senior Director, Trade, Distribution, and Business Sector, YBhg. Dato’ Rohaizi Bin Bahari; Chairman of SIRIM, YBhg. Datuk Ir (Dr) Khairol Nuar Mohamad Tawi; the NASDAQ ASEAN Investor Relations and IPO Director, Mr. Hiren Krishnani; and guests and business partners from Japan, Australia, Thailand, Singapore, Germany, the United States of America, China, Indonesia, and Taiwan.

Dato’ Sri Dr. How Kok Choong, Founder and Global Group CEO of ATPC said, ‘It is with great honour and immense gratitude that we welcome our distinguished guests, partners from around the globe, and the respected dignitaries of Malaysia to this momentous NASDAQ Opening Bell Ringing Ceremony. Your presence today is a testament to our shared vision for a sustainable future.”

Central to ATPC’s sustainability strategy is a Memorandum of Agreement with Volt Industries Sdn. Bhd. (“VOLT”) in November 2023, marking a significant milestone in both parties’ collaborative efforts. While the acquisition of a 51% stake in VOLT is currently its’ final stages, this partnership is expected to play a crucial role in ATPC’s Sustainability Green Energy Initiative. This initiative includes the development and installation of 50 Electric Vehicle (EV) charging stations in Pahang, Malaysia, which is already in development progress.

Meanwhile, following a Memorandum of Agreement signed in November 2023 between ATPC and Oriental Industries Enterprise Sdn. Bhd. (“OIE”), a specialist in the EV bike industry, both companies established a Special Purpose Vehicle (SPV), with each holding an equal of 50% share, focusing on the distribution and marketing of EV bikes. Highlighting this partnership, the Ceremony featured an impressive showcase of EV bike display which will go to market in key cities, especially in the Klang Valley region, after inspection and obtaining clearance from SIRIM.

Dato Sri How elaborated, “As we forge ahead with our pivotal collaborations with various companies, we are thrilled to be at the forefront of Malaysia’s green energy transition. Our initiative of establishing 50 EV charging stations in Pahang, coupled with the plans of establishing a 300 MWp solar farm in Sabah, is a bold stride towards our commitment to sustainable development. These efforts, enhanced by our partnerships, are a testament to how environmental sustainability and corporate growth can successfully coexist. We stand here today, poised for a future where green energy is not just an option, but a driving force for innovation and prosperity.”

Further contributing to this wave of sustainable initiatives, VOLT has independently signed a Memorandum of Understanding (MOU) with KAB Smart Solar Energy Sdn. Bhd. (“KAB Smart Solar”). This agreement opens avenues for collaboration in Engineering, Procurement, Construction, and Commissioning services specifically for Solar Photovoltaic systems, highlighting the synergy between VOLT’s EV charging station expertise and KAB Smart Solar’s proficiency in the realm of solar energy.

CRN Recognizes Dazz as a Cloud 100 Company for 2024

PALO ALTO, CA, Jan 22, 2024 – (ACN Newswire) – Dazz, the leader in security remediation, today announced that CRN®, a brand of The Channel Company, has named Dazz to its annual Cloud 100 list. This list honors the 100 leading cloud companies for 2024 across five key categories: infrastructure, monitoring and management, storage, software, and security.

CRN’s Cloud 100 list spotlights technology suppliers for their commitment to channel partners as well as their demonstrated innovation in cloud-based technology development. This list is the trusted resource for solution providers looking for technology vendors best positioned to support their cloud product and services needs.

The Dazz Unified Remediation Platform gives CISOs holistic visibility across all their environments and detection tools for faster response to security issues, which is invaluable in the wake of increased regulations to disclose and fix cybersecurity risks. The platform features several patent-pending technologies that trace any security finding to resources up and downstream, including resources that originate security issues and those that are impacted by them. Armed with automated root cause analysis, security and development teams leverage Dazz assistive and automatic remediation actions to reduce mean-time-to-remediate (MTTR). According to a recent IDC research paper, Dazz customers reduce the time to remediate by as much as 90 percent.

“We are honored to be recognized by CRN as one of the top 100 cloud companies for 2024, and take pride in empowering security leaders with an industry-first remediation solution that covers everything organizations they develop and run in code, clouds, applications, and infrastructure,” says Merav Bahat, Co-Founder and CEO at Dazz. “As security leaders navigate new regulatory demands and an ever-changing threat landscape, we look forward to collaborating with our partners to deliver significant value to our customers, including faster fixes, increased productivity, and greater business innovation.”

“As migration to the public cloud and cloud-based software accelerates, enterprises increasingly depend on innovative, secure cloud services to harness the cloud’s agility and scalability,” said Jennifer Follett, VP, US Content and Executive Editor, CRN, The Channel Company. “The companies selected for this year’s Cloud 100 list demonstrate a strong commitment to supporting cloud computing solution providers with leading-edge products and services. Congratulations to those on this year’s list! We look forward to seeing how they propel innovation and channel success in cloud computing throughout the year ahead.”

CRN’s Cloud 100 list will be featured in the February 2024 issue of CRN magazine and online at www.crn.com/cloud100.

Follow The Channel Company: Twitter, LinkedIn and Facebook

Aegis Trust & Custody Joins Hands with FORMS HK, Hi Sun Tech, and Infocast to establish the Digital Asset Service Hub (DASH) and Consortium for Banks in Hong Kong

HONG KONG, Jan 19, 2024 – (ACN Newswire) – Aegis Trust & Custody (“Aegis Custody”) a regarded virtual asset custody that provides regulated custody services for Real World Asset Tokenization and cryptocurrency in the United States and Hong Kong, announced at an event yesterday, the establishment of the Digital Asset Service Hub (DASH) and Consortium with the support of Syndicate Capital Group (“Syndicate Group”). Being part of the DASH & Consortium projects, Aegis Custody is co-creating the Reference Operation Demo Labs (“Custody+ Lab”) in Cyberport as a show-case for the banking and financial sector.

Aegis Custody also announced a strategic partnership with Forms Syntron Information (HK) Ltd. (“FORMS HK”, fully owned subsidiary of FORMS SYNTRON (300468.SZ)), Infocast Limited (“Infocast”), and Hi Sun Technology (China) Limited (stock code: 0818.HK, “Hi Sun Tech”) yesterday.

From the technical side, Aegis Custody, in collaboration with FORMS HK and Infocast, built the Custody+ Lab with their technical know-how and clients in both the traditional banking and Web3 spaces. This groundbreaking project aims to support banks in becoming “Virtual Asset Ready” by providing a foundational step. The collaboration covers technology, business operating readiness, and integration with the evolving landscape of tokenized securities, stablecoins, and Central Bank Digital Currency (“CBDC”) within the territory.

The Custody+ Lab focuses on virtual asset custody for cryptocurrencies, tokenized securities, stablecoins, and CBDC. The project’s goal is to enhance the technological and operational preparedness of businesses navigating the complex realm of digital assets in Hong Kong. Aegis Custody brings extensive expertise in custody, operational and compliance frameworks, and core technology, while FORMS HK and Infocast contribute its experience in local development, integration with banking systems, and delivering a superior digital experience.

The collaboration is set to revolutionize the approach to custody opportunities, compliance, and core technology in the banking sector. By strategically combining Aegis Custody’s robust digital asset custody and compliance infrastructure with FORMS HK and Infocast’s innovative local development and user-centric digital solutions, the partnership aims to create a comprehensive, secure, and user-friendly platform. The executives express confidence in the role of CBDC in shaping the future-ready platform.

This collaboration goes beyond technological integration, envisioning a secure, efficient, and forward-thinking ecosystem for all stakeholders in Hong Kong’s financial landscape. This emphasizes the transformative potential of the partnership, expressing dedication to delivering innovative solutions, driving ecosystem engagement, and fostering a new standard of excellence for banks in the city. Together we believe this Web3 proof of concept will have a positive impact on the Hong Kong financial market and beyond.

Serra Wei, Founder and CEO of Aegis Trust and Custody said, “Today, we stand on the threshold of a new era as our vision of traditional financial institutions adopting virtual assets powered by Aegis infrastructure transforms into reality through our strategic partnership with 3 leading banking solution providers. We are excited about the potential of our collaboration and are dedicated to ensuring that these partnerships will deliver innovative solutions and foster the Hong Kong Fintech industry. We look forward to a fruitful partnership with FORMS HK, Hi Sun Tech and Infocast and the positive impact it will have on the Hong Kong financial market and beyond.”

Albert Yip, Co-Chair of Aegis Hong Kong, and Chairman of Syndicate Capital Group, commented, “The recent joint circular by HKMA and SFC marks a significant milestone in the development of Hong Kong’s regulation of VA-related products amidst Aegis’ strategic plan of DASH project. Syndicate Capital Group is the Investor Champion and Corporate Champion of Global Fast Track that was initiated by InvestHK, promoting fintech and CBDC. We are delighted to support Aegis to establish the Custody+ Lab at Cyberport and collaborate with reputable market leaders such as FORMS HK, Infocast and Hi Sun Tech, fostering the digital asset sector in Hong Kong as the Web3 Hub in Asia.”

Alex Chan, CEO of FORMS HK, commented, “As we forge ahead into 2024, we are excited to announce FORMS HK’s collaboration with Aegis Trust & Custody. This partnership is set to redefine the digital and virtual asset landscape as we come together to establish the DASH and a Consortium for Banks in Hong Kong. We extend our heartfelt gratitude to Aegis Trust & Custody for placing their trust in us. At FORMS HK, we firmly believe that trust and safety are paramount when it comes to virtual assets. That’s why we have branded our Web 3.0 finance technology offerings under the name FINNOSafe. With our expertise and dedication, we are fully committed to supporting the financial sector in navigating the ever-changing FinTech landscape, as we strive to position Hong Kong as the premier hub for regulated virtual assets.”

Cecily Ho, President of Infocast, said, “Reflecting on the transformative year of 2023 in the fintech industry, our journey ahead will be marked by continuous adaptation and innovation. The collaboration is not just a business milestone, but also our major leap in integrating digital assets into traditional financial systems. I am proud to see Infocast’s expertise in financial technologies and enterprise solutions become the technological backbone for this ambitious project. Our joint efforts with Aegis Custody and other partners show-case our dedication to driving innovation in the fintech space, particularly in the realm of digital asset management.”

Jack Qu, COO of Hi Sun FinTech Global Limited, a subsidiary of Hi Sun Tech commented, “At Hi Sun, our contribution to this initiative is fuelled by our extensive expertise in information technology and banking solutions. We will play a key role in ensuring the seamless integration of financial transactions within banks and the digital asset ecosystem. Under the supervision of the Hong Kong Monetary Authority and in collaboration with Aegis Trust & Custody, we are co-creating a holistic system and working together to promote the virtual currency business, aiming to bring new opportunities for economic development.”

About Aegis Custody

Aegis Custody, as a qualified custodian through its affiliate Aegis Trust, provides high-quality custody solutions for institutional clients globally, redefining industry standards with a focus on security, innovation, and excellence. Operating under trust charters in the US and Hong Kong, Aegis Custody ensures both security and compliance for its clients through its subsidiaries Aegis Trust Company and Aegis Custody.

Stay updated with Aegis Custody on Twitter and LinkedIn.

About Syndicate Capital Group

Incorporated in 2001, Syndicate Capital Group (https://www.syndicatecapital.com/#home) focuses on co-investments in mid-market companies alongside core and specialist sponsors. Syndicate Capital Group serves as a bridge to connect entrepreneurs with ultra-high-net-worth individuals, private investors, family offices and financial institutions including investment banks and PE funds across the international capital markets. Syndicate Capital Group is a Corporate Champion and Investor Champion of Global Fast Track.

About FORMS HK

FORMS Syntron Information (HK) Ltd. (“FORMS HK”), a wholly-owned subsidiary of FORMS SYNTRON (300468.SZ), was incorporated in 2009 and is based in Hong Kong. FORMS HK offers advisory and implementation services to help established banks change, virtual banks build, and FinTech companies innovate and thrive.

About Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited (Stock Code: 0818.HK) (http://www.hisun.com.hk/en/global/home.php) is a leading integrated solution provider for payment, finance and telecommunication in China. Hi Sun FinTech Global (HSG) is one of its major subsidiaries. It is a technology company specializing in the provision and implementation of “turn-key” Fintech solutions, guiding and supporting Financial Services clients through their digital transformation journey. HSG offers a full suite of Financial Services modules that can be fully deployed or scale up into selective plug & play modules.

About Infocast Limited

Infocast (http://www.infocast.com.hk/en), incorporated in 1996, is a leading supplier of financial information technology (FinTech) products and services in Hong Kong. Infocast has over 25 years’ experience supplying trading platforms, enterprise solutions, financial content and investor applications to over 150 banks and brokerages in Hong Kong and across Asia. Infocast is also a licensed information vendor for multiple exchanges, with in-house news team reports on the latest financial news.

China Resources Corporate Service’s Acquisition of SWCS Corporate Services Has Been Completed Successfully

HONG KONG, Jan 19, 2024 – (ACN Newswire) – China Resources Corporate Service and SWCS Corporate Services, two renowned professional corporate services providers, jointly announce the successful completion of the acquisition yesterday.

More than 100 guests, including Dr. Kenneth LAM, Vice Chairperson of the General Committee of The Hong Kong Listed Companies; Mr. Levin WANG, CEO of Huatai International; Mr. LAN Yi, Vice General Manager of China Resources Group; representatives from the Hong Kong Chinese Enterprises Association, Mainland Chinese enterprises in Hong Kong, industry associations, financial institutions, and professional service organizations, attended the completion ceremony in Hong Kong.

At the event, Mr. ZHANG Liqiang, Executive Director, General Manager of China Resources Corporate Service, expressed his gratitude to all the guests. He stated in his speech that China Resources Corporate Service is a new business unit of China Resources Group, focusing on the modern services industry and carrying the significant mission of exploring and laying out modern services in Hong Kong and mainland China. After more than two years of effort, the company now boasts a diversified business portfolio including comprehensive corporate services, supply chain services, and sci-tech services. The acquisition of SWCS Corporate Services signifies China Resources Corporate Service’s commitment to implement China Resources Group’s business strategy in Hong Kong, explore the modern service industry, and develop professional corporate services. Following the acquisition, China Resources Corporate Service will leverage Hong Kong’s unique advantage of “backed by the Motherland, connected to the world,” to focus on customer needs and promote the rapid development of SWCS Corporate Services.

Dr. Maurice NGAI, Director and CEO of SWCS Corporate Services, remarked that the acquisition is a significant milestone for the company. Since its establishment in 2011, SWCS Corporate Services has mainly provided mature and top-notch secretarial and compliance services for listed and private companies, while expanding into diversified services such as ESG Reporting and Consultancy, Employee Stock Ownership Plan (ESOP), Private Trust Services, Shareholder Identification Services, and Continuing Professional Development Training Services through the SWCS Academy and other Business Supporting Services. With a deep understanding of mainland corporate culture and the Hong Kong capital market, SWCS Corporate Services has become a preferred professional service provider, leading in secretarial and compliance services for listed companies in Hong Kong and establishing an exceptional corporate image. With the resources from China Resources Corporate Service, SWCS Corporate Services can further enhance its service capabilities to listed companies in the region, expand its influence in Hong Kong and mainland markets, and elevate the company to a new level.

Moving forward, both parties will leverage their respective strengths to improve existing professional services, understand the needs of domestic and international corporate clients, continuously expand the professional services market, and contribute to the high-quality development of professional corporate services in Hong Kong and mainland China.

About China Resources Corporate Service

China Resources Corporate Service Limited is committed to becoming a leading modern service enterprise in Hong Kong and mainland China with significant market influence. The company’s diversified business portfolio includes comprehensive corporate services, supply chain services, and sci-tech services. Its subsidiary has been recognized as a “National High-Tech Enterprise” , and its secretarial service company holds a “Trust or Corporate Service Provider (TCSP)” license. Its intellectual property company was selected as one of the “Top 10 Influential Brands in Chinese Intellectual Property” by the World Brand Lab in 2023.

About SWCS Corporate Services

SWCS Corporate Services Group (Hong Kong) Limited (SWCS) is a forward-looking professional corporate consulting service provider. Adhering to a client-centric principle, SWCS operates with a cost-effective business model and a unique direct service approach, coupled with exceptional technological services for clients. Whether enterprises are in the pre-listing, listing, or post-listing stages, SWCS can cater to their different needs. Its professional services include company secretarial and compliance, ESG reporting and consultancy (including climate change), family legacy and corporate talent retention, investor relations, SWCS Corporate Academy, and other corporate services. SWCS holds a “Trust or Corporate Service Provider (TCSP)” license.

Aegis Trust & Custody Joins Hands with FORMS HK, Hi Sun Tech, and Infocast to establish the Digital Asset Service Hub (DASH) and Consortium for Banks in Hong Kong

Peter Yan, CEO of Cyberport stated, “We are happy to support Syndicate Capital Group, which is a member of Cyberport Investors Network (CIN) and Aegis Custody, an incubatee of Cyberport, for the establishment of DASH. Cyberport is a key community builder with a strong network for innovative technologies across various industries. To showcase the potential solutions to intermediates, particularly the banking and financial sector, as well as other stakeholders in the virtual assets ecosystem, Cyberport will support Aegis to establish the banks consortium, which will enable the banking industry and related enterprises to better understand the latest development, promote cross-industry collaboration and prepare the readiness of virtual assets related activities such as stablecoins and CBDC.”

About Aegis Custody

Stay updated with Aegis Custody on Twitter and LinkedIn.?

About Syndicate Capital Group

About Cyberport

Cyberport (https://www.cyberport.hk/en) is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,000 members including over 900 onsite and close to 1,100 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry

About FORMS HK

About Hi Sun Technology (China) Limited

About Infocast Limited

NSE is the world’s largest derivative exchange for fifth consecutive year: Ranks 3rd largest globally in equity segment in calendar year 2023

MUMBAI, INDIA, Jan 19, 2024 – (ACN Newswire) – NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange for the fifth consecutive year in 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).

The year has witnessed many milestones such as market capitalization of listed companies surpass USD 4 trillion, SME listed companies surpassed the Rs 1,00,000 crore mark and the Nifty 50 index surpassed the 20,000 index levels for the first time. The number of unique registered investors on the exchange surpassed 8.5 crores at the end of the calendar year.

NSE has witnessed year on year growth in number of clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment. The year also saw record high turnover on single day in equity segment of Rs 167,942.47 crores on November 30, 2023, and Rs 381,623.12 crores on December 2, 2023, in the equity derivatives segment. The equity derivatives to cash market turnover ratio marginally declined this year from 2.86 in calendar year 2022 to 2.64 in calendar year 2023.

The equity segment completed its transition for settlement of all securities on T+1 basis. In the primary market, the timeline for listing of securities has been shortened to T+3 days.

Exchange launched the Social Stock Exchange as a segment this year which will facilitate the social enterprises (NPO and FPE) to showcase their work to a wider audience & mobilize funds through issuance of instruments such as Zero Coupon Zero Principal Bonds, thereby allowing participants to participate in philanthropic causes and bring in efficiency & transparency in the overall ecosystem. The segment has seen registrations by 42 Non-Profit Organizations (NPOs) and fund raising by one NPO.

In the commodity derivatives segment, the exchange has launched 21 new commodity derivatives contract including commodity options on futures contracts on underlying such as WTI Crude Oil, Natural Gas, Gold, Silver, and Base metals.

NSE International Exchange (NSE IX), commenced its full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023, paving way for creating deeper liquidity pool for Nifty products at GIFT IFSC. GIFT NIFTY contracts are available for trading for almost 21 hours, which overlaps Asia, Europe, and US trading hours.

Shri Sriram Krishnan, Chief Business Development officer, NSE said, “Ranking 3rd in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of Indian capital market ecosystem on the global map. This will help attract new investors as well as fund flows to Indian markets, thereby aiding capital formation. I take this opportunity to thank Government of India, Securities and Exchange Board of India, Reserve Bank of India, Trading members, Investors, and all other stakeholders for their continued support.”

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

For any media queries please contact:

Arijit Sengupta – Chief Marketing and Communications Officer
Kumar Kartikey – Associate Vice President, Corporate Communications
Priyanka Roy – Senior Manager, Corporate Communications

Email ID: cc@nse.co.in

Doubleview Reports New Discovery: Gold Rich Zone Within the South Lisle Zone – Drill Interval of 405m of 0.21 g/t Gold (0.84% CuEq) That Extends the Main Lisle Deposit by 240 Meters

Vancouver, British Columbia–(ACN Newswire – January 16, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce drilling has extended the Lisle deposit 240m south, resulting in the discovery of the Company’s highest gold grades to date at its polymetallic Hat porphyry project, located in the Golden Triangle of northwestern British Columbia, Canada.

Drill holes H060, H061, H062 and H063, as shown in Figures 1 and 2, expand the Lisle Deposit by additional 240m to the south, called the Gold Rich Zone. This zone will increase the volume of mineralization that will be included in the maiden resource estimate which is being prepared by an independent engineering group and is expected in Q1 of 2024.

The South Lisle zone now extends the Main Lisle zone for 360m, please refer to the Company’s news release dated October 24^th 2023, and further more assays are pending for this Gold Rich Discovery zone.

Drill hole H063 marks the highlight of this group of drill holes with 0.21 g/t gold over 405m. The interval represents almost the entire drill hole. Remarkably, the Gold Rich Zone continues assaying similarly high values for scandium as in other parts of the deposit, in this case 25.5 g/t over 405m. With drill holes H061 to H063 the Company tested a lower zone of an IP anomaly. Notably, the assay results suggest a continuation of the deposit.

The following Table 1 shows numerous high-grade gold samples within the named drill holes, continuing to demonstrate the richness of this porphyry deposit. Remarkably, within H063 is the highest yet assayed gold drill sample of the project with 18.4g/t gold over 1m which is closely followed by a second 13.4 g/t gold sample over 1m. Cobalt strongly shows with 0.233% and 0.198% respectively, and copper assays values 1.87% and 1.95% to these samples.

DDH	From (m)	To (m)	Interval (m)	Ag (ppm)	Au (ppm)	Co (ppm)	Cu (%)	Sc (ppm)
H060	74.7	76	1.3	3.51	1.88	201.0	0.55	32.6
H060	76	77	1	1.39	1.82	1095.0	0.20	16.7
H060	81	82	1	0.34	3.50	220.0	0.04	29.9
H060	204	205	1	0.27	1.93	92.9	0.19	56.7
H060	217	218	1	0.8	1.00	1365.0	0.81	28.1
H060	370	371	1	2.33	1.56	409.0	2.29	17.1
H060	371	372	1	1.7	1.04	620.0	1.71	16.3
H060	382	383	1	1.78	1.63	295.0	2.42	23.1
H061	170	171	1	1.17	1.66	620.0	0.47	15.2
H061	181.8	183	1.2	0.28	2.61	136.5	0.99	18.7
H061	380.2	381.2	1	1.34	1.12	165.5	1.05	26
H062	63	64	1	27.8	4.01	284.0	4.42	16.2
H062	77	78	1	2.12	1.02	195.0	0.45	42
H062	397.95	399.5	1.55	0.37	2.44	57.1	0.07	22.3
H062	489	492	3	2.42	1.96	288.0	0.55	19.9
H063	279	280.8	1.8	0.45	1.06	88.5	0.12	21.3
H063	300	302	2	0.09	1.35	138.5	0.03	25.7
H063	302	303	1	1.37	18.4	2330.0	1.87	4.8
H063	304.1	306.15	1.95	0.19	2.11	260.0	0.10	14.8
H063	319.5	320.5	1	3.49	13.4	1975.0	1.95	5.1
H063	320.5	321.5	1	1.33	2.38	161.5	0.60	18.8
H063	327	330	3	1.49	2.12	108.5	0.60	28

Table 1. Gold rich samples of drill holes H060 to H063

Mr. Shirvani, President & CEO of Doubleview, commented: “The Hat project continues to deliver high values of its principal metals, copper and gold, with strong support from critical metals cobalt and scandium. It is compelling to observe how the deposit evolves when new drill data gets analyzed and how the different zones that we are discovering, add to the evolution of the Hat polymetallic porphyry deposit. I am very much looking forward to receiving additional assay results currently undergoing analytical analysis, followed by the receipt of the resource estimate and to joining our team in planning the 2024 season that will include further investigation of the newly expanded Gold Rich Zone.”

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	CuEq (%) incl Sc₂O₃
H060	24.0	697.0	673.0	0.20	0.09	7.5	0.09	28.2	0.84
Incl.	74.7	82.0	7.3	1.67	1.36	42.5	0.26	23.9	1.83
And	199.0	388.0	189.0	0.25	0.12	9.2	0.11	29.0	0.91
Incl.	323.6	388.0	64.5	0.42	0.17	12.0	0.24	30.5	1.09
And	368.0	436.8	68.8	0.38	0.17	12.2	0.23	29.0	1.05
Incl.	369.0	388.0	19.0	0.80	0.44	22.9	0.62	30.8	1.64
Incl.	369.0	376.0	7.0	1.32	0.76	28.5	1.08	27.2	2.16
H061	9.0	624.0	615.0	0.11	0.05	5.2	0.03	25.3	0.69
And	29.6	149.0	119.4	0.23	0.10	7.1	0.06	31.2	0.89
And	380.2	381.2	1.0	1.34	1.12	16.6	1.05	26.0	2.27
H062	9.0	495.0	486.0	0.21	0.10	5.8	0.05	28.1	0.81
Incl.	56.4	130.0	73.6	0.75	0.19	7.5	0.15	39.0	1.21
Incl.	56.4	103.0	46.6	1.08	0.22	7.6	0.21	39.9	1.31
Incl.	56.4	64.0	7.6	5.32	0.93	13.3	0.93	32.7	2.23
Incl.	63.0	64.0	1.0	27.80	4.01	28.4	4.42	16.2	6.85
And	398.0	402.0	4.1	0.31	1.26	6.0	0.07	25.9	1.48
H063	9.0	414.0	405.0	0.23	0.21	8.0	0.07	25.5	0.84
Incl.	68.6	179.0	110.4	0.45	0.12	12.2	0.11	29.6	0.93
And	277.4	336.0	58.60	0.28	1.00	13.60	0.14	19.5	0.80
Incl.	297.0	306.2	9.2	0.27	3.00	40.2	0.27	20.2	2.74
And	302.0	330.0	28.0	0.48	1.78	22.3	0.25	16.7	1.81
Incl.	302.0	303.0	1.0	1.37	18.40	233.0	1.87	4.8	14.07
Incl.	319.5	330.0	10.5	0.97	2.25	26.6	0.44	22.9	2.42
Incl.	319.5	320.5	1.0	3.49	13.40	197.5	1.95	5.1	10.92

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 = $1.5/g
– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Table 2. shows assay intervals of drill holes H060 to H063

Figures 1 and 2 illustrate vertical projections of drill holes H060 to H063 of the Gold Rich Zone.

Figure 1. Section along the drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/194369_71dd183c840518ed_001full.jpg

Drill Hole ID	UTM – East	UTM – North	Elevation	Max-Depth	Azimuth	Dip	Area
H060	347,866	6,453,619	938.8	613.5	350	-70	Lisle South
H061	347,866	6,453,619	938.8	642.0	90	-65	Lisle South
H062	347,866	6,453,619	938.8	495.0	180	-70	Lisle South
H063	347,866	6,453,619	938.8	420.0	180	-55	Lisle South

Table 3. Drill Hole Data

Figure 2. Drill Plan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/194369_71dd183c840518ed_002full.jpg

Scandium:

Scandium is one of the rarest critical metals group deemed “critical metals” by the Canadian and American federal governments.

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.

Doubleview maintains a website at www.doubleview.ca.

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) (FSE: 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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194369

KJTS Group Berhad’s Public Portion of IPO Oversubscribed by 31.28 Times

KUALA LUMPUR, Jan 16, 2024 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Company”), and its subsidiaries (collectively referred to as the “KJTS Group”), a building support services provider in Malaysia, Thailand and Singapore, announces that the Company’s initial public offering (“IPO”) for the Malaysian public has been oversubscribed by 31.28 times.

Managing Director of KJTS, Mr. Lee Kok Choon

KJTS’s IPO comprises the offering of 218,027,200 new ordinary shares in the Company (“IPO Shares”) in the following manner :

– Institutional offering of 168,627,200 IPO Shares to institutional and selected investors; and

– Retail offering of 49,400,000 IPO Shares to the Malaysian public, the eligible directors, eligible key senior management, eligible employees, and persons who have contributed to the success of the KJTS Group (“Eligible Persons”).

The Company received a total of 9,632 applications for 1,110,308,600 IPO Shares worth RM299.78 million from the Malaysian public, representing an oversubscription rate of 31.28 times. The Bumiputera portion saw 5,803 applications for 562,240,300 IPO Shares, with an oversubscription rate of 31.69 times. The public portion recorded 3,829 applications for 548,068,300 IPO Shares, indicating an oversubscription rate of 30.86 times.

The 15,000,000 IPO Shares made available for application by the Eligible Persons were fully subscribed.

Under the Institutional Offering, the Sole Bookrunner has confirmed that it has received offers to subscribe the 168,627,200 IPO Shares offered to institutional and selected investors.

The institutional price has been fixed at RM0.27 per IPO Share. Accordingly, the final retail price for the IPO Shares under the retail offering has also been fixed at RM0.27 per IPO Share. As the final retail price equals to the retail price, there will be no refund to be made to the successful applicants under the retail offering.

Managing Director of KJTS, Mr. Lee Kok Choon shared: “The remarkable reception of our IPO reflects the market’s trust in KJTS’s strategic vision and prospects. This investor enthusiasm solidifies our dedication and commitment to deliver excellent building support services throughout its target audience.

With a strong emphasis on sustainability, KJTS Group is positioned to stimulate growth and elevate our services throughout Malaysia, Singapore and Thailand, with a specific focus on the cooling energy market. The positive response from investors underscores the market’s confidence in KJTS Group’s capabilities and its commitment to forging a sustainable and energy efficient future.”

Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.

KJTS is set to debut on the ACE Market of Bursa Securities on 26 January 2024.

Ajna Protocol Completes Audits and Relaunches on Mainnet and L2s

West Palm Beach, FL, Jan 12, 2024 – (ACN Newswire) – The Ajna Protocol, which was initially deployed in June of 2023 and was subsequently upgraded to address a griefing vector, has completed an additional series of security audits and relaunched. While the initial deployment was limited to the Ethereum Mainnet, further deployments have now been made to Arbitrum, Base, Optimism, and Polygon, making the Ajna Protocol the only place on Mainnet and EVM sidechains/L2s where users can borrow and lend against almost anything in their wallets.

Ajna Banner

The Ajna Protocol is a suite of permissionless, immutable smart contracts that allow users to create lending markets for both ERC20 and ERC721 tokens. The contracts do not rely on governance or external price feeds (“oracles”) to function, which opens up an entire universe of previously infeasible asset pairings. For example, users can create lending markets that allow them to borrow against NFTs, real world assets, blue chip tokens, or “meme-coins.”

The mission of the Ajna Protocol is to improve on the existing DeFi borrowing and lending space by giving users a truly decentralized system with more options and less systemic risk. When using the Ajna Protocol, users are entirely in control of their own risk decisions. While it’s anticipated that front end service providers will abstract much of the complexity away from end users, the protocol’s designers believe this is a critical component of a scalable DeFi system.

“We designed the Ajna Protocol to remedy the deficiencies we saw in DeFi lending markets, namely that they were not actually decentralized and were not built to scale. Ajna lets users experience truly permissionless and nearly limitless borrowing/lending arrangements. We look forward to Ajna becoming a new building block for the DeFi ecosystem.”

– Greg Diprisco, co-founder of Ajna Labs LLC

Ajna is immutable and built without governance, which means that the protocol cannot be altered or updated once it has been launched. It’s also designed without price feeds, commonly referred to as “oracles,” in order to remove a common point of failure and to facilitate the borrowing/lending of “long-tail” assets which lack available price feeds. The Ajna Protocol should be considered experimental software; users should carefully research the protocol’s design and study its codebase before interacting with its contracts.

Many audits were conducted on the Ajna Protocol over its two years of development. Prior to the first deployment, its core pools contracts were audited by Sherlock (public contest), Prototech, Trail of Bits, Code4rena (public contest), and a subsequent Sherlock (public contest) audit. Its periphery contracts, including its innovative grant coordination fund, were audited by Sherlock (public contest), Quantstamp, Trail of Bits, Prototech, Code4rena (public contest), and a subsequent Sherlock (public contest) audit. The new deployment had its pool contracts audited once again by Sherlock (public contest), Certora, Prototech, and by Kirill Fedoseev, the independent security auditor who discovered the initial griefing vector. Some periphery contracts were audited again by Prototech. In its audit, Certora provided formal verification for several predefined rules. Cumulatively, the Ajna Protocol has undergone 10 separate security audits on the various components of its codebase.

As of the redeployment, there are two front end service providers which offer access to the Ajna Protocol: Summer.fi and Mom.

To learn more about the Ajna Protocol, visit ajna.finance.For media inquiries, please contact David Utrobin at Davidfromajna@gmail.com.Ajna Brand Kit | What is Ajna Video | Token Tunes Video

Contact Information
David Utrobin
VP of Grants and Community
davidfromajna@gmail.com
7182089958

SOURCE: Ajna Labs LLC

View the original press release on newswire.com.