Acrometa Subsidiary Signs Two MOUs to Develop Co-Working Laboratory Space Business in China

SHANGHAI, CHINA, Nov 17, 2023 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced that its 70% owned subsidiary Life Science Incubator Holdings Pte Ltd (“LSI”) has entered into a strategic partnership with Fenglin Healthcare Industry Development (Group) Co. Ltd. (“Fenglin Group”) through a non-binding Memorandum of Understanding (“Fenglin MOU”) to develop new business opportunities for co-working laboratory space in the People’s Republic of China.

(Front L-R) Fenglin Group Deputy General Manager Mr Pan Taishen and AcroMeta Chairman Mr Levin Lee Keng Weng at the signing ceremony in Shanghai.

China-incorporated Fenglin Group, the administrative arm of the Shanghai Xuhui government in charge of Life Sciences, aims to establish an integrated ecosystem of local and international stakeholders in Shanghai’s Xuhui District to accelerate biopharmaceutical innovation and development.

Fenglin Group will promote the co-working laboratory space with a focus on overseas biomedical science startups and SMEs planning to develop their business in China. On its part, LSI will use its existing business networks to recommend to Fenglin Group, Singapore and other overseas biomedical sciences companies that intend to have a business foothold in China and need co-working laboratory space. An area of approximately 2,705 sqm is set to be leased by LSI at preferential rates to set up world-class co-working laboratory space at Fenglin Group’s Innovation Valley Life Sciences Hub to provide a cost-effective venue with comprehensive laboratory facilities and equipment for research and development.

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman, said,

“AcroMeta will continue to capture business opportunities both in Singapore and beyond to grow and create sustainable shareholder value for its investors. The business model for the Group’s co-working laboratory space business is scalable and replicable and therefore eminently suitable for international expansion.”

“China’s biopharmaceutical industry has undergone a tremendous transformation to become a thriving innovative life sciences hub driven by investments in research and development. The sector is a key focus of the Chinese government’s Made in China 2025 strategy, and we are optimistic about LSI’s long-term growth potential in collaboration with local partners.”

LSI has also signed a non-binding Memorandum of Understanding (“JV MOU”) with three investor parties (“Investor Parties”) for the setting up of a Joint Venture company (“JV Company”) to define the structure, ownership, and operational aspects of the Fenglin MOU. The expected JV Company will have a paid-up capital of at least S$3 million, with LSI holding a 51% stake. The Investor Parties are all established businessmen with deep connections to China’s medical and life science industries and will contribute their business network, expertise, and experience to facilitate the smooth set-up and successful realisation of the Fenglin MOU’s objectives.

The Fenglin MOU reflects the Group’s continued efforts to broaden its revenue stream and capture new regional opportunities. Following the Group’s MOU for the supply of high-grade silica sand from Indonesia, AcroMeta has extended its MOU with its Thai partner to jointly pursue the design, construction and operation of a solid waste and sludge testing and certification laboratory.

Reference:

https://links.sgx.com/FileOpen/PR-AcroMeta%20signs%20two%20MOUs%20for%20Co-working%20Lab%20Space%20Biz%20in%20China.ashx?App=Announcement&FileID=778491

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities, and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Company has been listed on the Catalist Board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com

kkplus kidsland launches Hong Kong’s first Christmas large-scale Care Bears project, Turnover exceeds HK$1 million in the first weekend

HONG KONG, Nov 17, 2023 – (ACN Newswire) – kkplus kidsland, a trendy toy platform of Kidsland International Holdings Limited (“Kidsland” or the “Group”; stock code: 2122), the largest toy retailer and distributor in China, partnered with Champion REIT (stock code: 2778) to bring about the popular IP Care Bears(TM) at Grand Atrium, 4th Floor, Langham Place from 10 November to 1 January. This is the first Christmas large-scale Care Bears project in Hong Kong. The program achieved an impressive sales performance of over HK$1 million during the first weekend, having seized the opportunities presented by the trend and the new generation of customers.

Care Bears originated from the American greeting card designs of the 1980s. Each character has a different color and pattern, making them highly sought after by the new generation of customers. This project integrates the millennium Y2K elements as the core of the design, with the “Care Bears Express” Christmas train as the theme, creating a series of festival-themed photo opportunities. As well as 30 Care Bears in different roles and a special train compartment with 300 Care Bears, there is a giant two-meter high Grumpy Bear, a five-meter high giant Christmas tree, and a 40-meter Care Bears rainbow ladder. In addition, a pop-up store has been set up to attract Generation Z with over 100 kinds of Care Bears products and winter fashion items, allowing them to take photos and shop.

Mr. Lee Ching Yiu, Chairman and CEO of Kidsland, said, “Through the trendy toy platform kkplus kidsland, Kidsland actively cooperates and interacts with brands from different fields, aiming to bring trendy and collectible toy products from around the world to customers. In view of the consumption potential of the new generation, the Group is offering a Y2K experience with Langham Place, a trendy hotspot for chic consumers that is popular among young customers. This initiative aims to meet market needs and trends, helping the Group expand its customer reach and drive sales growth.”

kkplus kidsland is a multi-brand trendy and collectible toy platform that offers unique product categories and an art gallery-style shopping experience. In addition to local brands in Hong Kong, it also collaborates with international brands from the United States and Japan, including the launch of a number of products in collaboration with well-known IPs that are popular worldwide, such as Creamy Mami, Care Bears, Lulu the Piggy, Leeeeeetoy, etc. The Group continues to innovate and now has a diversified product portfolio of more than 20 brands from around the world and 15 local brands, catering to different tastes and preferences and tapping into the fast-growing trendy toy market.

“Care Bears Express” Christmas train lighting ceremony marks the beginning of the event.

About Kidsland International Holdings Limited(stock code: 2122)

Kidsland International Holdings Limited (“Kidsland” or “the Group”) is engaged in the retail, wholesale, e-commerce and brand operation of toys and related lifestyle products in China. As a leading toy retailer and distributor in China, Kidsland has over 20 years of industry experience and represents a portfolio of world-renowned, category-leading brands. The Group owns a well-established online and offline sales network in China. Currently, its self-operated offline retail system includes kidsland stores, LEGO Certified Stores, FAO Schwarz flagship store and kkplus kidsland.

Media Enquiry:

Strategic Financial Relations Limited

Vicky Lee Tel: (852) 2864 4834 Email: sprg_kidsland@sprg.com.hk

Katrina Hui Tel: (852) 2114 4318 Email: sprg_kidsland@sprg.com.hk

http://www.sprg.asia

“Yahoo! Finance Invest – Beyond Borders: Collaborating for Financial Excellence” Returns with Impressive Online Viewership of over 600,000

HONG KONG, Nov 16, 2023 – (ACN Newswire) – Yahoo Finance, the world’s leading financial information platform, is thrilled to announce the successful return of its flagship annual event for investors under the new branding Yahoo! Finance Invest. The conference, held on November 14, captivated a global audience, attracting an impressive viewership of over 600,000 within the first 4 hours of live broadcasting.

Watch Now: https://hk.finance.yahoo.com/splash/yahooinvest2023/

Photos & Videos Download： https://bit.ly/3QFXoXj

Themed “Beyond Borders: Collaborating for Financial Excellence”, the event brought together distinguished business leaders and speakers from across the globe at the forefront of investment and technology trends. Attendees were treated to invaluable insights and updates on a wide range of topics, including the transformative potential of technology and AI, emerging startups in various industries, fintech advancements, and the digital currency landscape. This year’s program also delved into the captivating opportunities emerging from the Greater Bay Area (GBA), with a focus on its impact on Hong Kong and its position as a leading International Financial Centre.

Esteemed business leaders and distinguished speakers who graced the conference stage included Bernard Charnwut Chan, GBM, GBS, JP., Chairman of M+ Museum Ltd, Duncan Chiu, Legislative Council Member, Technology & Innovation Constituency, Cathy Jiang, Tax and China Business Advisory Services Partner of PWC China, Vivien Khoo, Chairwoman & Co-founder of Asia Crypto Alliance, Alvin Kwock, Co-Founder of OneDegree Group, Gary Liu, Co-Founder & CEO of Terminal 3, King Leung, Head of Financial Services and Fintech of InvestHK, Irene Lee, Board Member of Fintech Association of Hong Kong, Michael Lee, Chief Operations Officer of FWD Hong Kong & Macau, Patrick Lau, Deputy Executive Director of the Hong Kong Trade Development Council, Andini Makosinski, inventor, writer and global keynote speaker and Naomi Osaka, Four-time Grand Slam Tennis Champion. These esteemed individuals shared their expertise and provided market updates, enriching the conference experience for attendees.

Exploring the Transformative Power of Technology in Shaping the Future of Business

The conference served as a platform for engaging discussions on various timely and impactful topics. Attendees gained comprehensive insights into the rapid advancements in technology, including the implications of AI technology, the evolving landscape of fintech, the rise of digital currency, and the associated risks and opportunities emerging from the GBA region. The diverse perspectives shared during the event provided attendees with bold and valuable insights that will shape their understanding of the current and future business landscape.

Hong Kong’s advantages won’t gone with its position as a testing ground for China

Mr. Bernard Charnwut Chan, GBM, GBS, JP., Chairman of M+ Museum Ltd, shared about his view on Hong Kong’s competitiveness and said, “Hong Kong’s future is always about adding value to China, and we have been doing that for decades. Hong Kong serves as a testing ground for China, where we can afford to try new ideas, make mistakes, and learn from them while containing their impact. If these new ideas prove successful, they can be adopted by the country.”

Video:

https://hk.news.yahoo.com/%E9%99%B3%E6%99%BA%E6%80%9D-m-%E8%88%87%E9%A6%99%E6%B8%AF%E6%9C%AA%E4%BE%86%E7%B6%93%E6%BF%9F-025801460.html

Innovation should not be burdened by unnecessary restrictions, but it is essential to establish appropriate legislation when it comes to financial transactions

Mr. Duncan Chiu, Legislative Council Member, Technology & Innovation Constituency, shared his thoughts on the changes that the financial sector has experienced due to the development of blockchain and fintech. He stated, “Technology will never go backward, once it’s been developed, it’ll only become better and better. Although blockchain technology has been in development for less than 20 years, it has already brought about significant transformations in the technology sector. Serving as a fundamental technology, it enables the tokenization of real-world assets and provides a secure means of storing data, conducting transactions and preserving value. In terms of policy and legislation side, we need to catch up with the development of technology, especially when it is related to investment.”

Video:

https://hk.news.yahoo.com/%E9%82%B1%E9%81%94%E6%A0%B9-%E8%A7%A3%E9%8E%96%E5%A4%A7%E7%81%A3%E5%8D%80%E9%87%91%E8%9E%8D%E5%89%B5%E6%96%B0%E7%99%BC%E5%B1%95%E5%89%8D%E6%99%AF-041803977.html

Anyone can be an inventor by attempting to solve problems, embracing the “what if I try” mindset, and pursuing ideas without fear of failure or loss

Ms. Andini Makosinski, inventor, writer and global keynote speaker, shared how she came up with innovative ideas, said, “I think innovative mindset is developed by making small changes in your life, and have that ‘I can solve this’ attitude. In order to give your brain that creative space and freedom, you have to be bored sometimes. When we are on our phones, there is constant stimulation happening but that does not encourage creativity or imagination.”

Video:

https://hk.news.yahoo.com/%E7%99%BC%E6%98%8E%E5%AE%B6andini-%E7%94%B1%E6%A6%82%E5%BF%B5%E5%88%B0%E5%B8%82%E5%A0%B4-%E9%87%91%E8%9E%8D%E8%88%87%E5%89%B5%E6%96%B0-045345467.html

The implementation of tokenization and blockchain can serve as catalysts in elevating Hong Kong as an International Financial Centre

Mr. King Leung, Head of Financial Services and Fintech of InvestHK was asked about his advice for those seeking to drive innovation in their respective fields. He responded, “Based on my observations across various countries and markets, I have noticed that projects with a more diverse team have a higher chance of success. This can be attributed to the blend of great ideas, problem-solving approaches, and market insights that arise from such diversity. Therefore, it is crucial for entrepreneurs to maintain an open-minded attitude and embrace change.”

Video:

https://hk.news.yahoo.com/%E6%8A%95%E8%B3%87%E6%8E%A8%E5%BB%A3%E7%BD%B2%E6%A2%81%E7%80%9A%E7%92%9F-%E5%89%96%E6%9E%90%E7%81%A3%E5%8D%80%E5%89%B5%E6%96%B0%E9%87%91%E8%9E%8D%E7%99%BC%E5%B1%95-033511586.html

Following the Central Government’s assignment of the “eight centers” position to Hong Kong, the city is brimming with opportunities

On the opportunities in Hong Kong, Dr. Patrick Lau, Deputy Executive Director of the Hong Kong Trade Development Council, stated: “The dual circulation strategy of Mainland China plays to Hong Kong’s strengths and brings tremendous opportunities to our city. Hong Kong serves as a two-way business and investment hub, to which business leaders come to engage with not only local, but also mainland and international counterparts.”

Video:

https://hk.news.yahoo.com/%E8%B2%BF%E7%99%BC%E5%B1%80%E5%89%AF%E7%B8%BD%E8%A3%81%E5%8A%89%E6%9C%83%E5%B9%B3-%E9%A6%99%E6%B8%AF%E4%BD%9C%E7%82%BA%E9%9B%99%E5%90%91%E5%B9%B3%E5%8F%B0%E8%82%A9%E8%B2%A0%E7%9A%84%E8%A7%92%E8%89%B2-040657634.html

The mental challenges faced by athletes were once regarded as weaknesses, but now they are becoming more openly discussed and acknowledged

Ms. Naomi Osaka, Four-time Grand Slam Tennis Champion, was asked about her motivation to expand her influence beyond the tennis court and embrace the role of a businesswoman. In response, she said, “I’ve always tried to come from a place of my culture, like being half-Japanese and half-Haitian and growing up in America. In that sense, Hana Kuma kind of sees things from my lens.” Speaking about her passion for mental health among athletes, she expressed, “I am really glad that tournaments are taking steps to address it, and it’s becoming a more comfortable topic to talk about.”

Video:

https://hk.news.yahoo.com/%E5%A4%A7%E5%9D%82%E7%9B%B4%E7%BE%8E%E8%88%87%E5%93%AA%E5%80%8B%E5%93%81%E7%89%8C%E5%90%88%E4%BD%9C-%E5%85%A8%E7%9C%8B%E8%87%AA%E5%B7%B1%E4%B8%BB%E8%A7%80%E8%88%88%E8%B6%A3-042544134.html

In addition, The Yahoo! Finance Invest 2023 also featured a panel discussion on fintech, featuring notable industry experts, including Michael Lee, Chief Operations Officer of FWD Hong Kong & Macau, Alvin Kwock, Co-Founder of OneDegree Group, Irene Lee, Board Member of Fintech Association of Hong Kong and Vivien Khoo, Chairwoman & Co-founder of Asia Crypto Alliance. These experts explored recent developments in the fintech sector, discussed its prospects, and highlighted the transformative impact it is bringing to the market.

Video:

https://hk.news.yahoo.com/%E9%87%91%E8%9E%8D%E7%A7%91%E6%8A%80%E6%BD%9B%E5%8A%9B%E8%A7%A3%E9%8E%96-%E9%A6%99%E6%B8%AF%E9%82%81%E5%90%91%E5%8D%93%E8%B6%8A%E9%87%91%E8%9E%8D%E4%B9%8B%E8%B7%AF-055027179.html

Pete Wong, GM of Asia Yahoo, concluded, “The Yahoo! Finance Invest 2023 has recorded more than 600,000 online viewership worldwide within the first 4 hours of live broadcasting. These remarkable numbers demonstrate the conference’s undeniable impact and global reach. As a trusted leader in the financial information landscape, Yahoo pledges to continue delivering authoritative industry insights and comprehensive market analysis in the future. Moreover, Yahoo! Finance is dedicated to organizing influential programs on a regular basis, propelling the industry into a new era and driving overall economic growth in the dynamic Asia-Pacific region.”

For more information about the Yahoo! Finance Invest and to watch the conference sessions, please visit https://hk.finance.yahoo.com/splash/yahooinvest2023 .

About Yahoo

Yahoo is a global media and tech company that connects people to their passions. We reach nearly 900 million people around the world, bringing them closer to what they love—from finance and sports, to shopping, gaming and news—with the trusted products, content and tech that fuel their day. For partners, we provide a full-stack platform for businesses to amplify growth and drive more meaningful connections across advertising, search and media. To learn more, please visit yahooinc.com.

Enquiries:

Yahoo

Lorraine Cheung Tel: +852 9036-1664 Email: wycheung@yahooinc.com

Dana Lau Tel: +852 2120-6907 / +852 9213-2484 Email: danalau@yahooinc.com

Strategic Public Relations Group

Andico Tsui Tel: +852 2114-4346 / +852 6902-3831 Email: andico.tsui@sprg.com.hk

Chak Yau Tel: +852 2114-4340/ +822 6073-3645 Email: chak.yau@sprg.com.hk

Legacy Trustee Ltd Partners with Prominent Financial and Educational Collaborators in Labuan International Business and Financial Centre on Wealth Management Portfolio

SINGAPORE, Nov 15, 2023 – (ACN Newswire) – Legacy Trustee Ltd (“Legacy Trustee” or the “Company”), an established Asian private trustee with a Digital Asset Infrastructure Platform that provides international wealth management services through custom-made trust portfolio services and education, has signed a Memorandum of Understanding (“MoU”) with multiple well known financial institutions and organisations in Labuan International Business and Finance Centre (“Labuan IBFC”) on Wealth Management Portfolio.

The signing partners includes Alpine Advisory Sdn. Bhd, AMS Trust Company Limited, Estate Planning Practitioners (HK) Limited EPPL (HK), Fintech Bank Limited, GLP Consultancy Sdn Bhd (U Need Will), J.Rotbart & Co Gold Precious Metal, Pacific Invesco Capital Ltd, PFPFA Pte Ltd, UOB Kay Hian Wealth Advisors Sdn. Bhd. and VCI Global Limited.

Through these partnerships, the Company aims to provide clients with an integrated wealth preservation plan. This collaborative approach enhances convenience as well as safeguard the best interest for settlors and beneficiaries.

The wealth management involves some strategic management of financial assets, to achieve an individual and family financial goals. Spanning from retirement savings to asset protection for future generations. Trusts play a pivotal role in realising a spectrum of wealth management objectives. Among key benefits of using a trust for wealth management is that it offers flexibility in financial planning for asset growth and preservation while segregating power over managing, owning, and benefiting from trust assets. When assets are placed under a trust, they are no longer considered part of the grantor’s estate, which means that assets under trust are not subject to traditional estate distribution. This can be particularly important for high-net-worth individuals who may have complex succession planning needs for their immovable assets, movable assets, and business empires.

As Labuan IBFC is a leading international business and finance centre that offers a wide range of financial products and services, including the new in demand wealth management mechanism named Labuan Foundations. Among key benefits of using a Labuan Foundation, is that it provides asset protection and confidentiality. Assets held in a foundation are owned by the foundation itself, and not by the founder or beneficiaries. Additionally, the names of the founder and beneficiaries are not publicly disclosed, ensuring confidentiality. Labuan Foundations are also flexible and tax efficient.

Successfully, Legacy Trustee Ltd and Bank Islam Trust Company (Labuan) Ltd have declared their respective intentions for the purpose of achieving the principles of collaboration which are to offer an innovative and an attractive option of Labuan Foundations structure for high-net-worth individuals and families as part of their wealth management plan.

The Malaysian government, through Labuan Financial Services Authority (“Labuan FSA”), having a wide array of financial products and services, and skilled workforce, is committed to developing Labuan as a world-class sustainable financial centre.

Mr. Nelson Goh, Principal Officer and Managing Director of Legacy Trustee said, “In our rapidly evolving digital age, digital assets are crucial, and collaboration among digital trustee companies, asset managers, and regulators is necessary. Labuan aims to become Asia’s top financial hub, offering tax efficiency, diverse financial products, and skilled professionals. To achieve this shared goal, both the public and industry players need access to knowledge and continuous education. Importantly, synergy and unity among industry players are vital to achieving the goals.”

He added, “Today’s MoU symbolises our commitment to enrich wealth management, estate planning, and cross-financial institutional and legacy academy collaborations. It’s a milestone for Legacy Trustee Ltd, Labuan, and the Malaysian financial industry.”

This MoU is also witnessed by representatives of Labuan IBFC Incorporated Sdn Bhd (“Labuan IBFC Inc.”), representatives of Bank Islam Trust Company (Labuan) Ltd and the President of Malaysian Institute of Estate Planners (“MIEP”), Mr See Kok Loong, which will mark a significant step towards promoting the utilisation of trusts and foundations in wealth management, estate planning and importance of legacy academic in fostering among financial institutions within the Labuan International Business and Finance Centre. This initiative is believed could attract new businesses and investment to Labuan, which would benefit the Malaysian economy.

Back Row (From L-R):
– Vivian Yong, Group COO, VCI Global Limited
– Melvin Sho, Representative of Fintech Bank Limited (Labuan)
– Herman Chong, Director of Strategic transaction-Singapore, J. Rotbart & Co
– Jeff Chow, Chief Executive Officer, PFPFA PTE LTD.
– Alvin Tan, Chief Executive Officer, UOB KayHian Wealth Advisory Sdn Bhd
– Julian Seng , Director of Compliance, Alpine Advisory Sdn Bhd
– Gary Lee, Founder, GLP Consultancy Sdn Bhd “U NEED WILL”
– Lee Chiwi, Chief Executive Officer, Estate Planning Practitioners (HK) Limited

Front Row (From L-R):
– Dato Sri Desmond Lim, Board of Advisor, Pacific Invesco Capital
– Joyce Louisa, Chief Operating Officer, Legacy Trustee
– Dato’ Seri Prof. Dr. Mohamad Zabidi Ahmad, Independent Non-Executive Director, BIMB Investment Bank Islam Malaysia Berhad
– Nelson Goh, Managing Director, Legacy Trustee
– Eric Rodriquez Sigutil, Head, Legal & Secretarial, Bank Islam (Labuan) Trustee LTD
– Komaladewi Sabilawati, Representative of Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO, Labuan IBFC Incorporated
– Rita Mohd Sharif, Director/ Principal Officer, AMS Trust Company Limited
– See Kok Loong, President, Malaysia Institute of Estate Planner

Samurai 2K Aerosol Records All-Round Improvement in 1H2024 Financials despite Challenging Business Environment

1H2024 FINANCIAL HIGHLIGHTS

	1H2024	1H2023	Variance
Revenue	RM39.74 m	RM41.83 m	-5%
Net Income attributable to Equity Holders	RM2.78 m	RM0.47 m	+494%
Earnings Per Ordinary Share (EPS)	RM 0.83 sen	RM 0.14 sen	+493%
Gross Profit Margin (%)	44.7%	34.3%	+10%
Profit before tax Margin (%)	9.8%	3.3%	+7%

SINGAPORE, Nov 14, 2023 – (ACN Newswire) – Samurai 2K Aerosol Limited (the “Company” and together with its subsidiaries, the “Group”) (SGX: Y8E), a manufacturer of automotive aerosol paints and aerosol solution specialist, announced its financial results for the six months ended 30 September 2023 (“1H2024”). Despite a challenging business environment dominated by international trade tensions, global geopolitics and general slowdown in global economies, the Group recorded all-round improvement in its financials for 1H2024 as compared with same period last year (“1H2023”).

Revenue slightly decreased by approximately 5.01 % from RM41.83 million in 1H2023 to RM39.74 million in 1H2024. The decrease in revenue was mainly due to lower demand from the Malaysia market. However, for the same period, net income attributable to equity holders increased significantly from RM0.47 million to RM2.78 million. Consequently, EPS increased from 0.14 RM Sen to 0.83 RM Sen.

Revenue by Geography	1H2024	% of revenue	1H2023	% of revenue
Indonesia	RM17.87 m	45%	RM17.11 m	41%
Malaysia	RM10.40 m	26%	RM12.73 m	30%
Others (Thailand, Vietnam, Philippines, United Kingdom, Singapore, Cambodia, India and United States of America)	RM11.47 m	29%	RM11.99 m	29%
Total	RM39.74 m	100%	RM41.83 m	100%

Indonesia remains Samurai’s largest market with 45% of total revenue or RM17.87 million for 1H2024 and Malaysia is the second largest market with 26% of total revenue or RM10.40 million for 1H2024.

Cost of sales decreased by RM5.51 million or 20.05% from RM27.47 million in 1H2023 to RM21.96 million in 1H2024. The decrease was mainly due to the decrease in raw material and packing material costs. As a result, Gross Profit Margin was higher at 44.7% in 1H2024 compared to 34.3% in 1H2023.

Overall expenses increased marginally by 0.7% from RM 15.22 million in 1H2023 to RM15.33 million for 1H2024. Administrative expenses in 1H2024 increased by RM0.98 million or 12.97%, mainly due to additional headcount which is in line with business expansion generally in new business development O2O (offline to online). This is offset by marketing and distribution expenses decreasing approximately by RM1.15 million or 15.86%, from RM7.24 million in 1H2023 to RM6.09 million in 1H2024 as well as a decrease in offline marketing activities. Finance expenses increased approximately by RM0.28 million or 61.42% from RM0.45 million in 1H2023 to RM0.73 million in 1H2024 mainly due to increase in drawdown of term loan for upgrading the new office building.

Financial Position

The Group’s financial position remains robust with net assets of RM77.44 million as at 30 September 2023, compared to RM75.15 million as at 31 March 2023. As at 30 September 2023, net asset value per ordinary share is 23.15 RM Sen vs 22.46 RM Sen as at 31 March 2023. The Group has a total debt of RM 34.65 million and a cash balance of RM29.22 million as at 30 September 2023.

Going Forward

The Group expects the operating environment to be challenging over the next 12 months in the light of current international trade tensions, global geopolitics, and a slowdown in global economic growth. The Group will continue to intensify its marketing and business development efforts, and exercise prudent financial policies and cost control.

The main thrust of its business strategy is the development of new products using innovative proprietary technologies as a differentiating factor for the enhancing of the Samurai brand name. This will go hand in hand with offline to online digital marketing taking advantage of its global reach, scalability, and the reaping of economies of scale.

Meanwhile, the Group will continue to expand sales to emerging markets in Asia where demographics and income growth should provide some resilience in demand for aerosol paints and coating products.

One of the new products the Group is focusing on will be Tintatek-an innovative color mixing, creation and matching product which is expected to be launched by the beginning of calendar year 2024.

The Group continues to see growing demand for its products in the emerging markets of Asia amidst favorable its macroeconomic factors of demographics, urbanization, and higher consumer disposable income. It will therefore continue to expand its business footprint in these markets.

This media release is to be read in conjunction with the Company’s results announcement for 1H2024 posted on the SGX website on 14 November 2023.

Reference:
https://links.sgx.com/1.0.0/corporate-announcements/HBF3C8Y905OT1IKC/795efad7fc45d816baca2c94eda8c162de701e2b6f7d5167a40d8f626a67a8a4

Issued by Samurai 2K Aerosol Limited

This press release has been reviewed by UOB Kay Hian Private Limited (the “Sponsor”).

This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, who can be contacted at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881

About Samurai 2K Aerosol Limited(SGX: Y8E)

Samurai 2K Aerosol Ltd (“SAMURAI®”) has been listed on the Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) since January 2017. SAMURAI® is a fully integrated aerosol specialist that focuses on the repainting business as well as aftermarket for the automotive refinishing and refurbishing industry.

SAMURAI® aims to be the world’s most respected innovative aerosol system provider and offer the most innovative aerosol systems with the best user enjoyment and to create more job opportunities for all the sprayers in the world.

SAMURAI® specializes in manufacturing 2-part aerosol paint which is a mix of resin and hardener within the same spray can. In 2000, Mr. Peter Kwasny, the German inventor of aerosol spray paint, invented the first 2K technology in aerosol spray paint, which allows two (2) separate components, namely paint and hardener into a single aerosol spray paint. In 2015, Mr. Ong Yoke En, Samurai’s inventor and CEO, established a similar 2K technology and patented the first improved version of 2K technology. In 2016, SAMURAI® further developed from the earlier dual-head system to a single-head system aerosol spray paint, which penetrates the combination of the two (2) components thoroughly before application. This provides better performance in spraying experience and high level of durability.

SAMURAI® regional office is situated in Singapore while research, product development, branding and manufacturing are conducted in Malaysia. Samurai’s products are distributed worldwide to throughout Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, UK, USA, Singapore and India. Its range of products include Truck Bed Liner, Epoxy Marine Surface Primer, Marine Coating, Boat Deck Granular Textured Epoxy Primer, Automobile Body Epoxy Primer etc. For more information, please visit our official website at www.samurai2kaerosol.com.

Media and Analysts Contact:
Samurai 2K Aerosol Limited
Ms. Saveena Prabakaran
Legal Cum Relation Executive
Email: saveena@samuraipaint.jp

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

Appia Reports New Assay Results Increasing the Total Weighted Average to 2,287 PPM TREO Across 57 RC Drill Holes at its PCH Ionic Clay Project, Brazil

Toronto, Ontario–(ACN Newswire – November 9, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) FSE: A0I0.BE) (the “Company” or “Appia”) is pleased to announce the outstanding assay results from the latest 39 drill holes, part of a comprehensive 147-hole Reverse Circulation (RC) drilling program. The total weighted average across 57 RC drill holes reported to date is 2,287 parts per million (PPM) or 0.23% Total Rare Earth Oxides (TREO). The PCH Ionic Clay Project continues to showcase impressive distribution, width, and grades, underscoring its significant potential.

Summary:

Overall Grade:
- Total weighted average of 2,287 parts per million (PPM) or 0.23% Total Rare Earth Oxides (TREO) across 57 RC drill holes reported to date, including:
  - 542 ppm or 0.054% Magnet Rare Earth Oxides (MREO), and
  - 167 ppm or 0.017% Heavy Rare Earth Oxides (HREO).
Highest-Grade Intercepts:
- PCH-RC-051 from 0 to 11m End of Hole (EOH):
  - 9,279 ppm or 0.93% TREO, and 2,138 ppm or 0.21% MREO, and 464 ppm or 0.046% HREO, including:
    - 14,166 ppm or 1.42 % TREO across 4m (from 3m to 7m ) with 3,217.05 ppm or 0.32% MREO, and 662 ppm or 0.066% HREO, and
    - 10,098 ppm or 1.01% TREO across 3m (from 8m to 11m EOH) with 2,483 ppm or 0.25% MREO and 550 ppm or 0.05% HREO.
- PCH-RC-063 from 0 to 24m EOH
  - 27,189 ppm or 2.72% TREO, 6,293 ppm or 0.63% MREO, 1,369 ppm or 0.14% HREO, and 25,819 ppm or 2.59% Light Rare Earth Oxides (LREO). (Previously reported. See October 31, 2023 Press Release.)

“Appia has doubled the average depth of the mineralized zones to over 13 metres, and we now have a total weighted average of 2,287 ppm TREO across all reported drill holes each with significant magnet elements present,” commented Stephen Burega, President. “With this set of results, we can see that the potential of Target IV in terms of distribution, grade, and thickness of mineralization is well beyond our initial expectations.”

“Results from holes like PCH-RC-063 and PC-RC-051 with very high-grade mineralization further validate our understanding and excitement of the project’s geology,” commented Carlos Bastos, Geology Manager and Appia’s Brazilian Qualified Person.

“It is very encouraging for Appia to see more high-grade results occurring within the Target IV area,” stated Tom Drivas, CEO. “Appia will be working with SGS Geological Services to complete a comprehensive NI 43-101 technical report and Mineral Resource Estimate (MRE) on Target IV over the coming months, capitalizing on the promising results we are getting from our recent drilling.”

Appia will provide timely updates to shareholders and the general public as assay results are received from the remaining 90 RC, 106 Auger, and 1 diamond drill holes. The following tables exclude results from the pending 6 RC holes yet to be received by the Company — RC-PCH-053, 054, 057, 058, 061, and 062.

Chart #1 — PCH-RC-051 Drill Log

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_93cfdbbef4fcd866_005full.jpg

Table #1 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-001 to PCH-RC-017.
(Previously reported. See October 16, 2023 Press Release – Click Here)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appia1.jpg

Table #2 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-018 to PCH-RC-042.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appiat2.jpg

Table #3 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-043 to PCH-RC-063. (Hole PCH-RC-063 was previously reported. See October 31, 2023 Press Release — Click Here)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appiat3.jpg

TREO = ([CeO2 ppm] + [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [La2O3 ppm] + [Lu2O3] ppm] + [Nd2O3 ppm] + [Pr6O11 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]). MREO = ([Dy2O3 ppm] + [Pr6O11 ppm] + [Nd2O3 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm]).HREO = [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [Lu2O3] ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]).

For a full list of all assays released to date – PLEASE CLICK HERE

Map #1 — Location of Reverse Circulation Drilling Program, PCH Project, Goias, Brazil

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_map1.jpg

Table #4. For a full listing of drill hole collar details – SIRGAS 2000 – UTM zone 22S. Please click here.

Background on the PCH Project

The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc. The PCH Project is 17,551.07 ha in size and located within the Goiás State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and Niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs within lateritic ionic adsorption clays and Niobium.

QA/QC

Reverse circulation (RC) drill holes are vertical and reported intervals are true widths. Each are sampled at one metre intervals, resulting in higher average sample sizes of 5-25 kg. A small representative specimen was taken from each sample bag and placed into a chip tray for visual inspection and logging by the geologist. Quartering was performed at Appia’s logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500g each was obtained, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment.

The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS Lab, Appia has used its own control samples in each batch sent to the laboratory.

Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced every batch which comprise a full-length hole. The rigorous procedures implemented during the sample collection, preparation, and analysis stages underscore the robustness and reliability of the analytical results obtained.

All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of RC samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed their measure of the concentration of rare earth elements (REE) analyses by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analytical methods.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goiás State of Brazil. (See June 9^th, 2023 Press Release — Click Here)

Appia has 130.5 million common shares outstanding, 143.3 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Tom Drivas, CEO and Director: (cell) 416-876-3957 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

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Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2023

HONG KONG, Nov 9, 2023 – (ACN Newswire) – Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2023 (“FH 2023/24”).

Highlights

– Revenue amounted to HK$191.7 million, a decrease of 96.1% from the last corresponding period.

– Profit for the period was HK$111.1 million, representing a year-on-year decrease of 92.1%.

– Declared payment of an interim dividend of 4.0 HK cents per share.

– Strive to develop the two new data centres in Fanling.

– Remain cautious in exploring potential development projects.

The Group’s consolidated revenue decreased by 96.1% from HK$4,920.1 million for the six months ended 30 September 2022 (“FH 2022/23”) to HK$191.7 million for FH 2023/24. The Group recorded a net profit of HK$111.1 million for FH 2023/24, representing a decrease by 92.1% when compared to that of HK$1,410.2 million for FH 2022/23. Basic earnings per share was 7.8 HK cents (FH2022/23: 99.3 HK cents). The Group’s underlying profit for FH 2023/24, excluding the effect of the change in fair value of investment properties, amounted to HK$1.30 million, representing a decrease of 99.9% as compared to an underlying profit of HK$1,414.3 million for FH 2022/23. These are primarily due to a substantial decrease in the number of properties sold from the property development projects during the period under review.

The Board declares to pay an interim dividend of 4.0 HK cents per share, payable on 20 December 2023 to shareholders whose names appear on the Company’s register of members on 1 December 2023.

The Group’s first residential property development project “The Grand Marine” at Tsing Yi, the New Territories consisted of two residential towers with 776 residential units with total gross floor area of approximately 400,000 square feet. This project was well received by the market with over 94% of the units being sold.

The Group’s another development project in the pipeline, located at No. 45 Pau Chung Street in To Kwa Wan, Kowloon is named “The Grands”. The site is redeveloped into a residential tower with 76 units and clubhouse facilities over two levels of shops covering a total gross floor area of approximately 31,000 square feet. The development has been completed and put up for pre-sale in June 2023. Approximately 56% of the units had been sold with contracted sales of approximately HK$210 million being achieved. Handover of the pre-sold units had commenced in October 2023 after the development was granted occupation permit in August 2023.

For the site at No.1 Luen Fat Street, Fanling, the New Territories, the Group plans to develop into a residential-cum-retail complex with a total gross floor area of approximately 36,000 square feet. Foundation works is now completed and the project is target to be completed in mid-2025.

The site in North Point, Hong Kong, comprising a building at No. 66 Fort Street and a vacant land at No. 57 Kin Wah Street, was acquired by the Group in February 2023 and covers a site area of approximately 3,240 square feet with a developable gross floor area of approximately 30,000 square feet. It is planned to be redeveloped into a residential-cum-commercial project with target completion by 2027. Hoarding works for demolishing the existing building at Fort Street is underway.

The Group’s luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. As of September 2023, 15 units out of the total 18 units had been sold.

The Group expands into Mainland China via acquiring its first land parcel through government public auction which is located at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province in July 2021. It is planned to be developed into a luxury residential project under the theme of leisure and healthy lifestyle, comprising high-rise apartment units, villas, retail shops and a wellness centre. Target customers will include elderlies and retirees and their families. The estimated gross floor area of the proposed development is approximately 1,100,000 square feet. Basement and earthwork excavation is now underway.

The data centre leasing business maintains healthy growth. The Group currently owns two data centres, namely iTech Tower 1 and iTech Tower 2. Revenue from its leasing business recorded an increase of 17% year-on-year to HK$133.2 million. This was mainly driven by the increasing utilisation of data centre spaces by the customers. The two greenfield sites at No. 3 On Kui Street and No. 8 On Chuen Street in Fanling, the New Territories are being developed into two new high-tier data centres for leasing purposes, with a gross floor area of approximately 185,700 square feet in aggregate. The change of land use through land exchange for both sites have been completed in June 2023 with the land premium involved being fully settled. Superstructure works at No.3 On Kiu Street and foundation works at No.8 On Chuen Street is currently in progress. The development is scheduled to be completed in mid- 2025 and mid-2026 respectively.

For construction business, construction revenue derived from external customers amounted to HK$35.7 million, representing an increase of 20.1% as compared to that of FH 2022/23. As at 30 September 2023, the Group possessed contracts (inclusive of external customers and the Group’s companies) with an aggregate value of approximately HK$2.1 billion.

Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, “The global and Hong Kong economic situation is expected to continue to present considerable turbulence. Notwithstanding the reopening of Hong Kong’s border with the Mainland of China earlier this year and the lifting of outbreak control measures, the interest rate hiking environment, global inflation, geopolitical tensions and concerns over the economic growth of the Mainland of China have casted a shadow over Hong Kong’s economic recovery. In such unfavourable market sentiments, we have succeeded in launching the sale of The Grands with a promising market response. We are committed to the sale of the remaining units in The Grands, as well as The Grand Marine and Cristallo. In the data centre business, we remain committed to providing reliable service and support to our customers. In addition, the Group has worked effortlessly to develop two new high-end data centres in Fanling to ensure that the two data centres will be completed and delivered on schedule. In the face of continued uncertainties and challenges, we will focus on strengthening our business operations and managing the Group’s financial position. At the same time, we will remain prudent in exploring potential development projects that can bring sustainable growth to the Group.”

About Grand Ming Group Holdings Limited (Stock code: 1271.HK)

The Group is principally engaged in the business of property development and property leasing, as well as building construction. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group owns two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group’s property development projects for sale include “The Grand Marine” at No.18 Sai Shan Road, Tsing Yi, “The Grands” at No. 45 Pau Chung Street, To Kwa Wan and “Cristallo” at No. 279 Prince’s Edward Road West. Besides, property development in progress includes a site located at No.1 Luen Fat Street, Fanling and a site located at No. 66 Fort Street and No. 57 Kin Wah Street, North Point. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province for development into a luxury residential project under the theme of leisure and healthy lifestyle.

Media Contacts:

Angel Yeung

Jovian Communications Ltd

Email: news@joviancomm.com

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

HIGHLIGHTS

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
Mr. Rowley is a pioneer of the modern lithium industry and has over 40 years of experience as a founder, financier, and highly successful mining entrepreneur.
Mr. Rowley has the rare distinction of founding and growing two prominent multi-billion-dollar companies, one in lithium (Allkem) and the other in copper (First Quantum Minerals).

Boca Raton, Florida–(ACN Newswire – November 8, 2023) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium. In 1996, Mr. Rowley co-founded First Quantum Minerals Ltd., one of the largest copper companies in the world. In 2009, he recognized the potential of lithium and became Chairman of Lithium One Inc., and later Chairman of Galaxy Resources Ltd. after it merged with Lithium One. Mr. Rowley led significant growth in Galaxy, ultimately resulting in the merger with Orocobre Ltd. in 2021 which created global lithium producer Allkem Ltd. He retired as Chairman of Allkem in November 2022.

Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the “Investment”). The Investment carries a coupon of 6.5% per annum, is convertible to common stock at a price of $28.225 per share (a 25% premium to the volume-weighted average price for the three trading days prior to the signing of the Investment agreement), and can be repaid by the Company after one year under certain circumstances. Details on the Investment can be found on the Form 8-K which the Company has filed with the Securities and Exchange Commission.

Marc Fogassa, Chairman and CEO of the Company, noted, “In the current environment where U.S. Treasuries yield close to 5%, the fact that Atlas Lithium was able to raise new capital at 6.5% is a strong outcome and an indication of investor interest. In addition, the conversion price is at a substantial 25% upside to the current stock price. However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy.”

Martin Rowley commented, “Atlas Lithium has an excellent asset base and a dedicated and hard-working team complemented by a strong collaborative culture. With a highly supportive local community where it operates, this additional funding allows the Company to rapidly advance the development of its Neves Project in Brazil’s Lithium Valley. I am thrilled to deepen my involvement with Atlas Lithium and contribute my own resources to catalyze the company’s growth, helping to unlock the undoubted potential of its lithium assets.”

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report and in Form 10-Q filed with the SEC on October 20, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:

Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium

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Nasdaq-Listed AGAPE Forges Ahead with Sustainable Energy Business

KUALA LUMPUR, Nov 8, 2023 – (ACN Newswire) – Homegrown Nasdaq listed AGAPE ATP Corporation (“ATPC” or the “Company”; stock code: ATPC) intends to finance the construction of 50 electric vehicle (“EV”) charging stations by Volt Industries Sdn. Bhd. (“Volt Industries”) in Pahang as part of the Company’s strategy to develop and offer sustainable energy solutions.

Datuk Tay Say Jim, Dato Sri Dr How Kok Choong, YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib and Edward Ang Mou Lee [L-R] — Datuk Tay Say Jim, Dato Sri Dr How Kok Choong, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib and Edward Ang Mou Lee [L-R]

ATPC recently signed a Memorandum of Agreement (MoA) with Volt Industries, in which the Company also intends to acquire a 51% stake in Volt Industries, a developer of EV charging stations based in Pahang. ATPC, which was recently listed on Nasdaq, specializes in sustainable global ‘wellness’ ecosystem and the development and production of advanced technology solutions for the energy sector.

The MoA was attended by founder and Chief Executive Officer (CEO) of ATPC Dato’ Sri Dr. How Kok Choong, CEO of Volt Industries Datuk Tan Say Jim, founder and CEO of Oriental Industries Enterprise Sdn. Bhd. Edward Ang Mou Lee and witnessed by Member of the Pahang State Executive Council, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib.

Dato’ Sri Dr. How Kok Choong, the founder of AGAPE ATP, said: “Our recent IPO on Nasdaq was just the beginning. This MoA signifies ATPC’s expansion into the sustainable energy space, reflecting our ambitions on both the local and global stages. In forging this partnership with Volt Industries, we’re not merely building charging stations, we’re powering Malaysia’s sustainable future. This partnership underscores our unyielding commitment to spearheading a green transformation on the global stage.”

He explained, “The main purpose of this transformative partnership is ATPC’s strategic venture into Volt Industries, acquiring 51% share, where this acquisition underscores ATPC’s plans to be at the forefront of Malaysia’s EV transformation. This project will be funded privately, with no government subsidies.”

Under the MoA, ATPC will explore the project’s financial viability by securing primary funding as well as seeking additional capital from other avenues. Volt Industries will initiate the project’s groundwork, including acquiring all necessary permits and licenses as well as ensure full compliance with local regulations together with construction work.

Datuk Tan Say Jim, Chief Executive Officer of Volt Industries said, “Our technical expertise spans the entire value chain from design to operations and we see our expertise and strengths complimenting ATPC’s strategies and corporate direction. We look forward to working with ATPC to roll out the 50 EV charging stations across Pahang that will reshape the state’s transportation landscape.”

On the same day, ATPC also signed a MoA with Oriental Industries Enterprise Sdn. Bhd. (“OIE”), a company focusing on cutting-edge EV battery development, with the intent to form a Special Purpose Vehicle Company (SPV) providing and promoting the development of renewable energy in Malaysia. Both ATPC and OIE will hold 50% shares in the SPV.

AGAPE ATP Corporation: [Nasdaq: ATPC], https://www.agapeatpgroup.com/

Doubleview Gold Corp Sets New Records in Exploration at Hat Polymetallic Deposit

Vancouver, British Columbia–(ACN Newswire – November 7, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce a remarkable achievement in 2023. With an impressive 10,170 meters drilled this year, the Company has not only surpassed records but also illuminated the extraordinary potential of the Hat Polymetallic deposit in the Golden Triangle of British Columbia. The drilling campaign is ongoing.

Doubleview’s mission has been clear:

1) Extend the Lisle Deposit: Pushing beyond the boundaries of 2022, the Company expanded the Lisle Deposit, primed to maximize mineral inventory for our 2024 maiden resource estimate.

2) Connect and Discover: Bridging the West Lisle Zone to the Main Lisle Zone revealed the Buck Zone Discovery, uncovering new layers of the Lisle Zone deposit.

3) Southern Expansion: Doubleview’s team stretched the Main Lisle Zone southward, expanding the deposit domain by approximately 250 meters.

4) Future Insights: Work was not limited to drilling; the geology model was further developed using advanced 3D IP geophysical models, setting the stage for exciting future exploration programs.

The 2023 drill holes have now extended the previous boundaries of the Lisle deposit, and have bolstered the mineral inventory and volume for the projected Q1 of 2024 maiden resource estimate.

Farshad Shirvani, President and CEO stated: “I sincerely appreciate our management team who supported us into accomplishment of several outstanding milestones, including but not limited to insightful advanced geological investigations, full archaeological studies, continuation of metallurgical work, and data compilation and organization in preparation for our mineral resource estimate. I also wish to express without reservation my appreciation of all of our employees and contractors that have contributed tirelessly throughout a long field season to the exploration of our exciting Hat deposit.”

The archeological work that included remarkable 553 shovel tests, was carried out by an independent contractor parallel with Doubleview’s exploration activities. The AIA (Archeological Impact Assessment) is expected to be received by the end of this calendar year.

Doubleview maintains a website at www.doubleview.ca.

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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186513