Hong Kong SAR Chief Executive shares his vision for Hong Kong with UK business community at virtual dialogue

HONG KONG, Nov 2, 2022 – (ACN Newswire) – To strengthen the longstanding economic and trade relationship between Hong Kong and the United Kingdom (UK), a virtual dialogue with the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr John Lee, was held to engage with the business community in the UK on 2 November, hosted by the Hong Kong Trade Development Council (HKTDC).

Margaret Fong, HKTDC Executive Director; Dr Peter KN Lam, HKTDC Chairman; John Lee, Chief Executive of the Hong Kong Special Administrative Region and Peter Burnett, Immediate Past Chairman of the British Chamber of Commerce in Hong Kong [L-R]

Moderated by the British Chamber of Commerce in Hong Kong Immediate Past Chairman, Mr Peter Burnett, the dialogue served as a unique opportunity for UK businesses to interact with the HKSAR Chief Executive and hear first-hand updates on the latest policy initiatives to strengthen Hong Kong and new opportunities for the international business community, just weeks after the Chief Executive delivered his first Policy Address.

In his opening address, Mr. Lee underlined Hong Kong's established strengths and arising opportunities, and what the city can offer to help UK and international businesses take off or expand in Asia. He highlighted the longstanding and enduring business ties between Hong Kong and the UK, "thanks not just to our friendship, but also, very importantly, to our common law legal system, the rule of law and our independent judicial power. Thanks also to our strong support and beliefs for free trade and our strong footholds in professional services".

The Chief Executive remarked that the UK is Hong Kong's top trading partner in Europe, while Hong Kong is the UK's second-largest trading partner in Asia. Merchandise trade between the two places in 2021 totalled US$ 17.7 billion, up more than 25% year-on-year.

He added that in 2021, more than GBP7 billion merchandise trade between the UK and Mainland China was routed through Hong Kong. "That speaks, loud and clear, of Hong Kong's unique status as the business gateway connecting China with the rest of the world. This enviable role is guaranteed through one country, two systems," he said.

While COVID-19 has impacted growth in Hong Kong, Mr Lee stated "it is the economy amidst challenges posed by the pandemic we are planning for now". He emphasised Hong Kong's long-term growth in the national strategies, which include the Belt and Road Initiative, Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and 14th Five-Year Plan. He mentioned HKTDC's ongoing work to set up GoGBA Business Support Centres covering all nine GBA cities in Mainland China to offer business information in both English and Chinese available to all.

In his opening remarks, HKTDC Chairman Dr Peter Lam said: "One huge opportunity is the vast Mainland China market, with a focus on the southern part of the country, known as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). It boasts a market of 86 million with a GDP of US$ 1.74 trillion, comparable to that of South Korea and Canada. ASEAN has been a key focus for many international companies. It offers even greater prospects, as new trade cooperation agreements, such as the Regional Comprehensive Economic Partnership (RCEP), come into operation. To capitalise on the many opportunities, Hong Kong is your ideal springboard".

The Chief Executive also fielded questions from the UK business community, covering a range of topics, including easing of COVID-19 restrictions, Hong Kong's economic outlook, closer government-business cooperation, talent attraction and more. He underscored the importance of innovation and technology (I&T) to Hong Kong's future, the Northern Metropolis and plans to welcome at least 35,000 targeted professionals to Hong Kong each year.

The event attracted more than 600 business leaders, with the majority from the UK. This followed a trip to the UK by Dr Lam and Ms Margaret Fong, HKTDC Executive Director, in October to meet UK business leaders, as part of the HKTDC's initiative to promote business opportunities in Hong Kong to the global business community.

Photos Download: https://bit.ly/3h4GEe9

About HKTDC

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

Media enquiries
Please contact the HKTDC's Communications and Public Affairs Department:
Sunny Ng, Tel: +852 2584 2357, Email: sunny.sl.ng@hktdc.org
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Trintech Expands Partner Program with the Launch of Adra Partner Accreditation

DALLAS, TX, Nov 1, 2022 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the expansion of its partner offerings with the launch of its Adra Partner Accreditation Program. This new program builds upon the already extensive training offerings within the Trintech Partner Success Center, a training and accreditation platform designed to empower Trintech partners to advance their knowledge of its portfolio of financial solutions, including Cadency (for large enterprises) and Adra (for mid-market organizations).

"The demand for reconciliation and financial close automation solutions continue to rise as organizations around the world look to reduce costs, drive efficiencies and mitigate risk across their financial close processes," said Mekaela Davis, VP, Partner Ecosystem Success & Global Advisory at Trintech. "As the Office of Finance has evolved in recent years, so too has the partner ecosystem that works together to provide a holistic business vision and strategy. Together, Trintech and our Partners share a common goal in helping Finance & Accounting teams solve these challenges which is why we are committed to providing our partners with the necessary resources to deepen their product knowledge to better meet the needs of our customers."

Over the past year, Trintech has seen a 315% increase in Partner Training consumption within the Trintech Partner Success Center by Global Advisory & Consulting firms, Global System Integrators, and in-region specific consulting partners. The Trintech Partner Success Center offers comprehensive online, NASBA-certified courses that provide training for all partner skill levels and roles including sales, pre-sales, and implementation. The eLearning curriculum is just one way Trintech Partners can effectively build knowledge while adopting best practices with its' solutions. Trintech's Partner Enablement team also provides "Office Hours" twice a week, which encourages regular dialogue to build upon Trintech's training and certification programs and allows Partners to collaborate 1:1 with Trintech team members. Monthly training webinars also provide opportunities to dive deep into product features so partners can continually adopt additional functionality and drive toward optimization.

Over 3,500 clients across industries such as, retail, food and beverage, financial services, insurance, manufacturing, and software rely on Trintech's solutions to increase their efficiency and effectiveness, reduce costs, and improve governance and transparency across their finance and accounting processes. When you partner with Trintech, you are not getting a 'one-size-fits-all' approach. You are getting a complete solution, designed for the customers' unique needs, and a team of experienced professionals who will work hands-on to achieve fruitful partnerships underscored by successful client outcomes. Interested in becoming a Trintech Partner? Learn more here. https://www.trintech.com/about/partners/become-a-partner/

Trintech, Inc., is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Kitchen Culture Criticises Requisitioners for ‘Diametrically Changing’ Minds by Publishing Advertisement to Call off EGM to Remove 5 Directors; Company Affirms 1 November EGM Will Not Proceed

SINGAPORE, Oct 31, 2022 – (ACN Newswire) – Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that a group of 8 shareholders ("the requisitioners") seeking to remove 5 of 6 directors has caused confusion among shareholders and the public by publishing a newspaper advertisement calling off the Extraordinary General Meeting ("EGM") with 1 working day's notice before it was due to be held.

The Company said it was made aware of a relatively small advertisement published by the requisitioners in The Business Times on 29 October 2022 (Saturday) to 'postpone' the EGM – originally proposed for 9.00 am on 1 November 2022 (Tuesday) at Grand Copthorne Waterfront Hotel – even though the requisitioners had not communicated this to the Board of Directors ("the Board").

While the requisitioners had published a significantly larger advertisement in The Sunday Times – a different newspaper – on 16 October 2022 calling for the EGM and had issued a press release via ACN newswire 8 days later urging shareholders to attend, they now "… appear, suddenly and without giving any explanation, to have diametrically changed their minds with just 1 working day before 1 November 2022," Kitchen Culture said.

The Company said that some shareholders may not be aware of the latest advertisement by the requisitioners whose conduct has continued to cause confusion. Kitchen Culture has been receiving calls from shareholders expressing confusion and frustration as they had not received the Purported Notices and proxy forms in the days leading up to the EGM.

OOWAY Group Ltd. ("OOWAY") and 7 individuals who own an aggregate of 21.71% of the Company's shares had issued Purported Notices issued under Section 177 of the Companies Act 1967 – on 30 September 2022 and 14 October 2022 – to remove the 5 directors.

Kitchen Culture has said that 2 law firms have advised that Purported Notices were defective and that any resolutions passed on 1 November 2022 would be invalid.

The Company reminded shareholders today that based on the requisitioners' advertisement on 29 October 2022, the intended EGM tomorrow will not be proceeding, and that they should not show up in person nor provide proxy forms.

Kitchen Culture also stressed that, as advised by its lawyers, it is incorrect for the requisitioners to state in the advertisement that they are "postponing" the intended EGM or to "announce" another date "in due course". The Company will write to the requisitioners for clarifications and confirmations on this and other relevant points, as appropriate.

Kitchen Culture's Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5 directors – Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Director and Vice-Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon.

Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors to the SGX Catalist-listed provider of solutions and products for kitchens and wardrobes on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director.

The Company stressed that OOWAY had in fact supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022.

Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020.

Issued by:
Kitchen Culture Holdings Ltd.
9 Raffles Place, #52-02, Republic Plaza
Singapore 048619
Tel: +65 6471 6776, Fax: +65 6472 6776

Media & Investor Contact
Whatsapp (Text): +65 9748 0688
kitchenculture@wer1.net

This press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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 Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Chairman in the UK to promote new opportunities through Hong Kong

HONG KONG, Oct 27, 2022 – (ACN Newswire) – With many UK businesses looking for new areas of growth, Hong Kong's role as a global financial hub and innovation centre is seen as an ideal platform to help them expand, according to Dr Peter KN Lam, Chairman of the Hong Kong Trade Development Council (HKTDC) who is speaking from his UK visit as the Council's latest initiative to promote business opportunities around the globe.

HKTDC Chairman Dr Peter KN Lam (2nd L) and Executive Director Margaret Fong (far L) were earlier in London to promote Hong Kong's strength. The picture shows the meeting with Lord Stephen Green of Hurstpierpoint, Chairman, Asia House (2nd R)

As Hong Kong continues to welcome more international travellers in the coming months with major events and attractions, Dr Lam and Margaret Fong, Executive Director of HKTDC, have been travelling to some key international markets to update overseas businesses on how Hong Kong can help.

Following a visit to Japan in early October, they are currently in the UK to promote new prospects for UK companies and to discuss how they can use Hong Kong as a springboard. Earlier this week, they met with a range of institutions and chambers including Asia House, Hong Kong Association in the UK, the China-Britain Business Council, China Chamber of Commerce in the UK (CCCUK), techUK and UK Sustainable Investment and Finance Association (UKSIF) as well as leading players in finance and healthcare such as Prudential Plc and GlaxoSmithKline.

Dr Lam said, "Many businesses in the UK are ready to explore new areas of growth and see Hong Kong's role as a global financial hub being an ideal springboard for them to expand. In fact, Hong Kong as part of the [Guangdong-Hong Kong-Macao] Greater Bay Area (GBA) is more than just a trade and investment hub, we are also a centre for technology, innovation and the creative sectors."

Dr Lam described the discussion as fruitful and insightful. "I am greatly encouraged to see the keen interest from the UK business community in Hong Kong and the GBA. As Hong Kong relaxes its pandemic-related travel arrangements and UK businesses are drawing new blueprints for their future, we look forward to welcoming British delegations to see for themselves the tremendous prospects awaiting them."

Dr Lam said that many UK companies were reassured that the 'One Country, Two Systems' principle, along with the application of common law in Hong Kong, have been reaffirmed by President Xi Jinping in his speech this July when the city celebrated its 25th anniversary as a special administrative region.

To further strengthen Hong Kong's ties with the UK, the HKTDC will be holding a business webinar "Dialogue with the Chief Executive of the HKSAR" on 2 November 2022 featuring Hong Kong's Chief Executive John Lee in dialogue with Peter Burnett, immediate past Chairman of the British Chamber of Commerce in Hong Kong. (click here for more information https://info.hktdc.com/dm/CP2358693/index-hkt-gmt_en.html ).

"We cordially invite UK business partners looking for opportunities to join this exciting event to find out more," Dr Lam added.

Photo Download: https://bit.ly/3gGwMqY

About HKTDC

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

Media enquiries
Please contact the HKTDC's Communications and Public Affairs Department:
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Collaborates With Magnite to Develop Retail Media Network in Southeast Asia

SINGAPORE, Oct 27, 2022 – (ACN Newswire) – Thoughtful Media Group Inc ("Thoughtful Media Group" or "TMG"), the Thailand-based, digital advertising arm of Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announced a collaboration with Magnite Inc, (NASDAQ: MGNI) ("Magnite"), the world's largest independent omnichannel sell-side advertising platform. Magnite serves as the first sell-side platform connected to the TMG Media Network, a premium omni-channel cross-platform advertising solution for international and regional brand advertisers.

The TMG Media Network offers brand advertisers exposure to consumers in Vietnam, Indonesia, Philippines, Singapore, and Thailand, including the more than 3.3 million registered consumers on SoPa's ecosystem. The network features premium inventory spanning its owned channels and the wider web, including display, mobile, video, social and digital out-of-home when fully deployed. For brand advertisers, the TMG Media Network offers an unprecedented combination of scale and personalized media, targeting SEA markets and their combined 650 million population.

Magnite enables programmatic activation and expands demand facilitation for TMG Media Network across its omnichannel inventory. Advertisers and publishers are then able to activate data from TMG Media Network through Magnite, unlocking new opportunities to reach audiences at scale across ad formats for brands.

Dennis Nguyen, TMG Chairman, explains, "We are excited to launch the TMG Media Network, which provides advertisers access to influencer content creation, highly targeted 1st party e-commerce data, and social commerce opportunities at scale. As a leading retail marketing solution in SEA, the TMG Media Network incorporates a multi-faceted, data-driven approach to audience reach, engagement, and conversion, which provides for a more impactful brand and consumer experience. And as data-driven social commerce becomes increasingly pervasive, TMG is well-positioned to power the region's first media and advertising network with an end-to-end content, data, and supply solutions."

Gavin Buxton, Managing Director, Asia at Magnite, stated, "We are excited to work with one of Southeast Asia's most innovative brands and platforms to drive meaningful growth through game-changing content, data, and technology. Activating SoPa's expansive and growing audience data to scale impactful, multi-channel experiences shapes the way consumers engage and interact with brands."

About Thoughtful Media Group Inc

Founded in 2010 and acquired by Society Pass Inc in 2022, Thoughtful Media Group Inc is a Bangkok-headquartered social commerce-focused, premium digital video Multi-Platform Network ("MPN")/social media influencer advertising platform servicing the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

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

About Magnite, Inc

We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising platform. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

Cautionary Note Concerning Forward-Looking Statements

This press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters

HONG KONG, Oct 26, 2022 – (ACN Newswire) – On the evening of Oct. 26, Xiamen Xiangyu Co., Ltd. (600057. SH) released the Q3 financial results. In the first three quarters of 2022, the Company achieved operating revenue of RMB 391.8 billion, with a year-on-year growth of 13.74%; achieved the net profit attributable to the shareholders of the parent company amounted to RMB 2.17 billion, with a year-on-year growth of 31.23%; achieved the return on equity of 15.26%, up 1.91 percentage points YoY. The Company's operating revenue and net profit attributable to the shareholders of the parent company both hit a record high in the same period, and the operating efficiency continued to improve.

Xiamen Xiangyu is the leading commodity supply chain service company in China, with manufacturing enterprises in China as the main target group, and is committed to providing tailored supply chain solutions and one-stop services, including commodity procurement distribution, logistics, supply chain finance, information consulting, etc., to reduce circulation costs, improve circulation efficiency, assist manufacturing enterprises in cost-saving and profit-increasing, and earn service revenue. Xiamen Xiangyu has been operating commodities covering metals and minerals, agricultural products, energy and chemicals, new energy products, etc., and the key categories are ranked among the top in the industry. At present, the Company has taken the lead in the industry to build up a network for logistics service systems with "road transportation, rail transportation, water transportation and warehousing" as the core, covering the whole country and connecting with overseas, constructing a differentiated competitive edge.

In the first three quarters of 2022, the recurrence of the COVID-19 epidemic, geopolitical tensions, and commodity price shocks put higher requirements on the management and risk control capabilities of commodity supply chain companies. Xiamen Xiangyu said, in the face of multiple challenges, the Company maintained strategic stability, continuously optimized customer structure, enriched the commodity portfolio, consolidated logistics support, improved the risk control system, moreover, effectively responded to industry cycle fluctuations and external risk issues; on this basis, we seized the opportunity to expand market share and explore business opportunities to ensure that the overall operation remains sound.

According to the third quarter financial report, the service volume for manufacturing enterprises in Xiamen Xiangyu accounted for more than 50%, and the bulk commodity business segment in the cargo volume reached 141 million tons. The supply chain operating results in categories such as aluminum, new energy products, and soybeans achieved significant growth, among which the revenue of the new energy products supply chain reached RMB 14.7 billion, up 151% YoY; achieved the gross profit RMB 385 million, up 245% YoY.

In recent years, Xiamen Xiangyu has been favored by more and more investment institutions with its complete business system, steady pace of development, and promising prospects. In the first half of 2022, Xiamen Xiangyu was held by five mainland social security funds at the same time, making it one of the most popular listed companies favored by social security funds in the A-share market.

Looking ahead, Xiamen Xiangyu will anchor the strategic vision of "Becoming A World-class Supply Chain Service Company", continue to optimize the customer structure, commodity portfolio, business model, and profit model, enhance the risk control system, improve the level of comprehensive income, and strive to exceed the 2022 annual operating target.

Click here for the full report: Xiamen Xiangyu Co., Ltd. Report for Third Quarter of 2022
http://www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-10-27/600057_20221027_3_QazgirXb.pdf

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Malaysian Genomics Signs Strategic Collaboration Agreement for Expansion in the UAE

United Arab Emirates (UAE), Oct 26, 2022 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, today announced the signing of a Strategic Collaboration Agreement (SCA) outlining partnerships to market and distribute the Group's Dtect(R) range of genetic screening services in the United Arab Emirates (UAE).

Consul General of Malaysian Consulate in Dubai Mohd Fadly Amri Aliaman; ED of Malaysian Genomics Azri Azerai; Co-Founder/Director of Wellness by Design Dr. Lama Al Naeli; Chairman of ASC, BALSAM and Wellness by Design Dr Hisham Hakim; CEO of Balsam Health Services Abdulkader Awad; CEO of IAC Nurul Faten Jasmee; Director of ASC Kair Hakim and Secretary General of Malaysian Business Council Izwan Adnan [L-R]

Director of ASC Kair Hakim; ED of Malaysian Genomics Azri Azerai; Consul General of Malaysian Consulate in Dubai Mohd Fadly Amri Aliaman; Chairman of ASC, BALSAM and Wellness by Design Dr Hisham Hakim; CEO of Balsam Health Services Abdulkader Awad, and CEO of IAC Nurul Faten Jasmee [L-R]

Other than Malaysian Genomics, the SCA involves American Spine Center (ASC), a Dubai, UAE-based specialist in spinal injury and spine pathology; BALSAM Health Services, a Dubai, UAE-based healthcare service provider; Wellness by Design FZ LLC, a Dubai, UAE-based nutrition, obesity and weight loss specialist, and Sharjah, UAE-based IAC International LLC.

Under the SCA, Malaysian Genomics, ASC, Balsam and Wellness by Design will explore common strategies for joint or allied projects that translate to innovative healthcare tools or solutions, while the role of IAC is to support activities in priority areas, aligning the parties and work with other organisations, where appropriate. IAC will also be the point of contact between Malaysian Genomics and ASC, Balsam and Wellness by Design.

Noor Azri bin Dato' Sri Noor Azerai, Executive Director of Malaysian Genomics, said, "The SCA will allow us to formally explore how the parties can work together, including technical trials and evaluation of our Dtect screening tests for commercialisation in the UAE. Malaysian Genomics' role will be to provide technical and scientific support under the SCA. In addition, we constantly look for opportunities to partner with like-minded businesses and organisations in expanding our market reach for Dtect and our other services."

Dr. Hisham Hakim, Chairman of ASC, BALSAM and Wellness by Design, said, "We welcome this first step in a working relationship with Malaysian Genomics and IAC, and look forward to the inclusion of Dtect to offer more choices to our patients. We are committed to clinical and technological excellence as we bring coordinated patient care with compassion and commitment while ensuring cost efficiency."

Ms. Nurul Faten Jasmee, CEO of IAC, said, "There are lots of opportunities for the expansion of genetic screening services in the UAE and the wider Middle East and North Africa (MENA) region. We will provide the coordination, business delivery and project management between the parties during the technical trials for Dtect in the UAE, followed by the commercial rollout and expansion throughout the MENA region."

Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Serco Named a Finalist in 15th Annual Ventana Research Digital Leadership Awards

DALLAS, TX, Oct 25, 2022 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, announced today that its customer, Serco, a leading provider of professional, technology, engineering and management services, has been named a finalist in the "Office of Finance" category of the 15th annual Ventana Research Digital Leadership Awards. Serco was recognized for its innovative use of Trintech's Cadency Platform to standardize and automate its reconciliation and financial close processes.

"Automation is an integral part of our ongoing Finance strategy and vision to become a world-class finance function," said Paul Adams, Head of New Business & R2R at Serco. "By automating our controls, it enables us to prevent errors, gives us confidence over our reporting and that our processes are operating as efficiently as possible."

Following the successful roll-out of Cadency, Serco has achieved a single, standardized approach to balance sheet management on a global scale. Reconciliations now require less manual effort thanks to increased automation and the application of a risk-based strategy. Serco has seen significant benefits since implementing automation including:

– Reduction in financial risk as it improves reporting accuracy
– Reduction in error rate
– Reduction in manual data entry tasks and related human error
– Increased speed in processing financial data
– Improved decision making due to reports being accurate, up-to-date, and delivered in real-time
– Improved compliance procedures
– Increased employee productivity and job satisfaction
– Improved auditable records
– Increased scalability

"We are proud that our Cadency Platform has been instrumental in Serco's efforts to become a world-class finance function and achieve a single, standardized approach to balance sheet management on a global scale," said Teresa Mackintosh, CEO at Trintech. "As a leading provider of financial solutions for large enterprises, we understand the unique complexities and requirements that come with an organization of Serco's size. The transformation efforts they have been able to achieve and implement with Cadency is truly remarkable and I look forward to continuing our partnership for years to come."

This year's winners will be announced the week of November 2nd.

More information on the Ventana Research Digital Leadership Awards can be found here. https://www.ventanaresearch.com/resources/awards/leadership

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Yew Lee Proposes Bonus Warrants and ESOS

IPOH, Malaysia, Oct 25, 2022 – (ACN Newswire) – Yew Lee Pacific Group Berhad (Bursa: YEWLEE, 0248), an established manufacturer principally involved in the manufacturing of industrial brushes as well as trading of industrial hardware and machinery parts, today proposed to undertake a bonus issue of warrants and the establishment of an employees' share option scheme (ESOS) to reward existing shareholders as well as recognise contribution of eligible employees.

Mr. Ang Lee Leong, Managing Director of Yew Lee

The proposed bonus issue of warrants will involve 1 warrant for every 2 existing ordinary shares in Yew Lee held by the entitled shareholders or the issuance of 266,217,800 warrants based on the total issued share capital of Yew Lee of RM67,530,363 comprising 532,435,600 ordinary shares as at the latest practicable date (LPD) of 3 October 2022.

The proposed ESOS to be issued will not exceed 30.0% of the total number of issued shares for eligible employees and directors of Yew Lee and its subsidiaries.

Mr. Ang Lee Leong, Managing Director of Yew Lee, said, "We want to reward existing shareholders for their support by enabling them to participate in warrants that come at no cost to them, and which are tradeable on the ACE Market of Bursa Securities Malaysia Berhad. It also allows them to increase their equity participation in the Company's shares at a pre-determined exercise price over the tenure of the warrants and, benefit from any potential capital appreciation of the warrants."

"The proposed ESOS is to recognise the contribution of eligible employees and at the same time, is part of the Company's plan to develop and expand our human capital. The ESOS will allow us to align the long-term interests of eligible employees with those of shareholders to help achieve Yew Lee's business objectives."

M&A Securities and Eco Asia Capital Advisory Sdn Bhd have been appointed as the principal adviser and financial adviser, respectively to the Company in relation to the proposals, which are expected to be completed by the first quarter of 2023.

Yew Lee Pacific Group Bhd: 0248 [BURSA: YEWLEE], https://yewlee.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Kitchen Culture’s Board, Acting on Legal Advice, Says 1 November EGM Called To Remove 5 Directors Is Invalid; Urges Shareholders Not to Attend

SINGAPORE, Oct 25, 2022 – (ACN Newswire) – Kitchen Culture Holdings Ltd. said today shareholders should not, and are advised not to, attend an Extraordinary General Meeting (EGM) called to remove 5 of 6 directors as the Purported Notices of the EGM attempted to be issued by 8 requisitioners, including its largest shareholder OOWAY Group Ltd., were defective and therefore invalid.

The Board of Directors of Kitchen Culture said that after consulting 2 law firms, it had been advised that the Purported Notices had not been properly served to shareholders in accordance with the Constitution of the Company and did not give shareholders the 21 days' notice required. As such, the Company should not announce the Purported Notices and the EGM should not and will not proceed at 9.00 am on 1 November 2022 at Grand Copthorne Waterfront Hotel as proposed by the requisitioners.

"Any resolutions passed during any EGM convened on the basis of the defective Purported Notices of EGM would be invalid," said the Board of the SGX Catalist-listed provider of solutions and products for kitchens and wardrobes.

As announced on 14 October 2022, the Board received letters, including the Purported Notices – issued under Section 177 of the Companies Act 1967, on 30 September 2022 and 14 October 2022 from the requisitioners who own an aggregate of 21.71% of the Company's shares. The Purported Notices sought to remove Mr Lim Wee Li (Executive Director) and 4 Independent Directors Mr Ang Lian Kiat, Mr William Teo Choon Kow, Mr Lau Kay Heng (also Vice-Chairman) and Mr Peter Lim King Soon.

The latter 2 were named as new directors on 15 July 2022 on the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5.

The requisitioners had placed a newspaper advertisement of the Purported Notice of EGM on 16 October 2022. Besides not having properly sent copies of the Purported Notices to the shareholders of Kitchen Culture, that advertisement gave only 15 days' notice, 6 short of the 21 days' notice in writing (exclusive of the day on which it is served and of the day on which the meeting is to be held) as required under Article 71 of the Company's Constitution, the Board said.

In any event, the advertisement of the Purported Notice of EGM is an additional and separate requirement and does not displace the need to properly serve notices of EGM in accordance with Article 160 of the Company's Constitution, the Board said.

The newspaper advertisement also failed to provide proxy forms. The Board said the requisitioners cannot demand the Company to publicise such a notice or the proxy forms. Also, they cannot require the Company to invoke the provisions in the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings For Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 as there is no obligation for the Company to publish, as an announcement, the Purported Notices (or the proxy form) as demanded by the requisitioners.

As Kitchen Culture is publicly listed, "any EGM convened on the basis of the defective Purported Notices of EGM is likely to be prejudicial to shareholders. The Board has a duty to consider the interests of all shareholders, and not to promote the interests of any particular one or section of shareholders, including the interests of the OOWAY Group and the other requisitioning shareholders, at the expense of the general body of shareholders," the Board said.

Shares of Kitchen Culture have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020.

Issued by:
Kitchen Culture Holdings Ltd.
9 Raffles Place, #52-02, Republic Plaza
Singapore 048619
Tel: +65 6471 6776, Fax: +65 6472 6776

Media & Investor Contact
Whatsapp (Text): +65 9748 0688
kitchenculture@wer1.net

This press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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 Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com