Central Global Bhd Signs MoU for JV to Build RM250M Kwasa Damansara Sewage Treatment Plant

KUALA LUMPUR, Jun 9, 2021 – (ACN Newswire) – Main Market-listed Central Global Berhad's ("CGB) construction arm, Proventus Bina Sdn Bhd ("PBSB"), has signed a Memorandum of Understanding ("MoU") to explore a proposed joint venture ("JV") with Multi Scopes Sdn Bhd ("MSSB") for a sewage treatment plant in Selangor.

CGB executive chairman Dato' Faisal Zelman

The scope of the proposed JV, in which PBSB would have a 70% effective stake and MSSB an effective 30% stake, would be the engineering, procurement, construction, commissioning, operation and handover of Employees Provident Fund's wholly-owned subsidiary Kwasa Land Sdn Bhd's sewage treatment plant in Petaling Jaya, Selangor.

Chief Business Officer of CGB and Director of PBSB Anson Lim said: "For this project, MSSB will manage the technical aspects of the project as they are the technical experts in sewage treatment plants while PBSB will handle the infrastructure part of the project."

CGB executive chairman Dato' Faisal Zelman said: "The proposed JV we are exploring through the MoU is another step in the plans we have to expand our construction business. We believe that the sewage treatment plant project would not only enable us to expand our portfolio of construction projects and orderbook but also provide us with consistent revenue for the next five years in Selangor."

We continue to explore opportunities to grow both the manufacturing and construction businesses of the Group. We have since the beginning of the year won a project worth RM100.5 million for the upgrade of a water supply system in Lahad Datu, Sabah and have had our proposed private placement of 18 million new shares approved by Bursa Malaysia Securities Berhad. Proceeds from the private placement would be used to upgrade the manufacturing arm's capacity and fund a property project in Penang."

As of 31 March, 2021, the Group's construction arm has an orderbook of RM130 million comprising of the Lahad Datu project and the Montage condominium project in Bayan Lepas, Penang.

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The MDRT Academy continues to grow with new members from Sun Life Asia

HONG KONG, Jun 8, 2021 – (ACN Newswire) – The MDRT Academy ( https://mdrtacademy.org/ ) – a new association helping financial professionals accelerate their careers – recently welcomed more than 670 advisors from Sun Life Asia to its membership ranks. The addition of 184 Sun Life advisors from Hong Kong and the rest of Asia including the Philippines, Indonesia, Vietnam and Malaysia will make Sun Life the MDRT Academy's largest membership company to date. The Academy will supplement Sun Life's Brighter Gen and Brighter Pro training and development program, and together support Sun Life's ambition to be a market leader in quality financial advice.

"Sun Life's goal is to have the most respected advisors in the industry, known for the quality of their advice and their professionalism," said Leo Grepin, Sun Life Asia President. "The MDRT Academy is a valuable addition to our Brighter Academy advisor development programs, which build the skills and capabilities to guide advisors along their career journey from rookie, to MDRT, and then leading agency manager. With access to the best training and experience, Sun Life advisors can achieve their career ambitions and deliver the best experience to our clients," Grepin said.

Hong Kong is a key insurance hub in Asia and total gross premiums reached HK$608.4 billion in 2020, according to data released by the Insurance Authority of Hong Kong. The MDRT Academy was launched in 2017 to help financial services professionals in key markets including Hong Kong reach greater production levels and join MDRT. The MDRT Academy was designed to be a fully digital experience, allowing members to access the tools, resources and community anytime and anywhere through an intuitive website and mobile app.

"We're excited to work with Sun Life, and there is no doubt that the MDRT Academy will help their advisors increase their production, improve their client service skills and learn best practices from experienced MDRT members," said MDRT President Ian Green, Dip PFS. "The tools for building a successful career in financial services are literally at their fingertips."

The MDRT Academy features an assessment that helps members better understand and identify their strengths and growth areas – and personalizes content to a member's needs and areas of interest. It also offers goal setting and performance-tracking tools, monthly webcasts featuring MDRT members, Performance Guides, as well as hundreds of articles, videos and podcast episodes. MDRT Academy members also have the opportunity to attend MDRT's Annual Meeting.

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2021, Sun Life had total assets under management of US$1,304 billion. For more information please visit www.sunlife.com.

About MDRT
MDRT, The Premier Association of Financial Professionals, is a global, independent association of the world's leading life insurance and financial services professionals from more than 500 companies in 70 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information on the MDRT Academy, please visit mdrtacademy.org. For more information on MDRT, please visit mdrt.org.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION INTENTION AGREEMENT

HONG KONG, Jun 7, 2021 – (ACN Newswire) – The Board is pleased to announce that on 2 June 2021, and the Company received the executed copy of the Strategic Cooperation Intention Agreement on 7 June 2021, (i) HMT; (ii) Shenzhen Tengshe; and (iii) BAce Fund LP, entered into the Strategic Cooperation Intention Agreement in relation to the cooperation between the Parties for the development in financial technology and third party payment business in Vietnam.

THE STRATEGIC COOPERATION INTENTION AGREEMENT

Set out below are the details of the Strategic Cooperation Intention Agreement.

Date : 2 June 2021

Parties:

(i) Hong Kong Macau Technology Holding Limited, a wholly owned subsidiary of the Company;

(ii) Shenzhen Tengshe Network Technology Company Limited*, a company established in the PRC; and

(iii) BAce Fund LP, an Internet investment fund established by Ant Group (one of the controlling shareholders is Alibaba Group Holdings Co., Ltd.) and an internationally renowned investment institution.

To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, Shenzhen Tengshe, BAce Fund LP and their respective ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Listing Rules).

The Strategic Cooperation Intention Agreement is not and shall not constitute any agreement.

In relation to any specific cooperation projects, the parties to the Strategic Cooperation Intention Agreement shall enter into a formal cooperation agreement based on cooperation needs.

The cooperation

Pursuant to the Strategic Cooperation Intention Agreement, HMT is responsible for coordinating the commencement of financial technology with the Parties in Vietnam and the relationship between the Parties in the third-party payment project (including but not limited to the relevant business competent authorities in Vietnam) and business partners to ensure that all tasks can be carried out smoothly.

Shenzhen Tengshe agrees to provide technical support in relation to the third-party payment and fintech businesses carried out by HMT and its partners in Vietnam.

BAce Fund LP agrees to provide capital and technical input support for HMT and Shenzhen Tengshe to develop fintech, third-party payment and other businesses in Vietnam.

INFORMATION OF SHENZHEN TENGSHE

Shenzhen Tengshe, an Independent Third Party, has a strong fintech team with relevant development experience. It is an integrated Internet service provider engaging in research and development and operation of online platform. It also has strong operating experience and technical participation in the field of third-party payment.

INFORMATION OF BACE FUND LP

BAce Fund LP, an Independent Third Party, is an Internet investment fund established by Ant Group and an internationally renowned investment institution. is a company dedicated to investing in early stage companies in emerging economies focusing on Southeast Asia whileAnt Group Co. Ltd is an innovative technology provider that commits to bringing inclusive benefits to the world and owns and operates a world-renowned third-party payment platform – Alipay.

REASONS FOR ENTERING INTO THE STRATEGIC COOPERATION INTENTION AGREEMENT

In the past 20 years, Vietnam's economic growth rate has exceeded 5%, making it one of the fastest and most stable emerging countries in terms of economic growth. According to the relevant report of PWC, Vietnam's mobile payment growth rate is among the forefront of emerging market economies. Backbase, a digital banking company, predicts that by 2025, the scale of mobile payments in Vietnam is expected to grow by 400%. Due to the huge market of financial technology and related industries in Vietnam, the Directors are of the view that the entering into the Strategic Cooperation Intention Agreement allows the Company to participate into the financial technical business, including third party payment business, through cooperation in technical and capital field with Shenzhen Tengshe and BAce Fund LP and therefore it is in the interest of the Company and its shareholders as a whole.

DEFINITIONS

In this announcement, the following expressions shall, unless the context requires otherwise, have the following meanings:

"BAce Fund LP" BAce Fund LP, a fund established in the Cayman Islands which are beneficially owned as to 50% by BAce Holding Ltd. and 50% by Ant Group Co., Ltd.

"Board" the board of Directors

"Company" Sino Prosper (Group) Holdings Limited, a company incorporated in the Cayman Islands with limited liability and the Shares are listed on the Stock Exchange

"Director(s)" the director(s) of the Company

"Group" the Company and its subsidiaries

"HMT" Hong Kong Macau Technology Holding Limited, a wholly owned subsidiary of the Company

"Hong Kong" the Hong Kong Special Administrative Region of the PRC

"Independent Third Party(ies)" party(ies) who is (are) not connected person(s) of the Company and its subsidiaries and is (are) third party(ies) independent of the Company and connected persons of the Company

"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange

"Parties" HMT, Shenzhen Tengshe and BAce Fund LP

"PRC" the People's Republic of China

"Shenzhen Tengshe" Shenzhen Tengshe Network Technology Company Limited*

"Stock Exchange" The Stock Exchange of Hong Kong Limited

"Strategic Cooperation Intention Agreement" the strategic cooperation intention agreement dated 2 June 2021 entered into between HMT, Shenzhen Tengshe and BAce Fund LP

"Vietnam" the Socialist Republic of Vietnam

By Order of the Board
Sino Prosper (Group) Holdings Limited
Leung Ngai Man
Chairman and Executive Director
Hong Kong, 7 June 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Leung Ngai Man and Ms. Wong Li Fong, and the independent non-executive Directors of the Company are Mr. Miao Yanan, Mr. Cai Wei Lun and Mr. Zhang Qingkui.

*For identification purpose only

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nomination Opens for “Directors Of The Year Awards 2021”

HONG KONG, Jun 3, 2021 – (ACN Newswire) – The "Directors Of The Year Awards 2021" championed by The Hong Kong Institute of Directors ("HKIoD") is open for nominations today. "Leading in New Normal" is the theme of the Awards this year, aiming to promote a positive attitude and mindset among directors in navigating the complex global environment in 2021. Outstanding directors and boards capable of dynamic steering in circumstances ever-changing, and leading their organisations towards sustainable development will be acknowledged.

Dr Christopher To, Chairman of HKIoD, said, "According to a global director survey co-organised by HKIoD, two-thirds of the company directors responded said they have committed 50 percent or more time in leading their companies in recalibrating corporate focus and strategy in the Covid-19 crisis. And, among the respondents who gave high marks to themselves and their management teams, many credited prior scenario planning as a good foundation for responding effectively to the tests brought by the pandemic. From their responses, it is clear that being prepared is the key to success of directors in their roles. This year, we look forward to honouring directors who have worked hard and upheld a positive attitude in facing challenges and overcoming adversities. "

Mr Kenneth Wong, Chairman of 2021 Directors Awards Organising Committee, said "This is the 21st year of HKIoD organising Directors Of The Year Awards. Over past years, we have seen the economy going through ups and downs several rounds and what we have learnt is good corporate governance gives a company a solid foundation for defence or advance. We also concluded that to lead a company, directors have to stay abreast of the times and the global trend of corporate governance requirements. This was confirmed by nominees and recipients of the Awards in the past years. "

Dr Carlye Tsui, CEO of HKIoD, said, "The pandemic has changed the way people live and work; in other words, we have a 'new normal' to cope with. For a company to run a sustainable business in the new setting, it needs to devise a new structural policy and that is where directors come in. Whatever industry or whichever layer of the supply chain a company is in, its leaders have to be able to grasp latest market development so as to lead their companies to success, and also to gain the trust of investors and stakeholders. HKIoD offers training courses that relate latest information and knowledge to directors, equipping them for making smart decisions at crucial moments."

Nomination for the Awards will close on 31 July 2021. The Panel of Judges comprises leaders, professionals and regulators in Hong Kong. The Director Of The Year Awards 2021 recognises excellence in the following categories:

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

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

The selection criteria for winners in the Individual Director Categories include successful pursuit of strategic corporate business/non-profit functions, contribution to board effectiveness in strategic planning and monitoring of performance, implementing compliance, risk control and accountability measures, managing change and succession, and leadership and other attributes and qualities, including keen at continuing professional development, business ethics and other achievements. As for the Collective Board Categories, the judging criteria include board composition, effectiveness in pursuing strategic corporate/non-profit functions, development and execution of strategic plans and monitoring of performance, implementing compliance, risk control and accountability measures, managing change and succession, development of the board, effectiveness of board committees, business ethics and other achievements.

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

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

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

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk
Fax: +852 2114 4948

Directors Of The Year Awards 2021 Enquiries:
The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com
Fax: +852 2889 9982

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

S&P: Very High Likelihood of Extraordinary Government Support for China Huarong

HONG KONG, Jun 3, 2021 – (ACN Newswire) – On June 2, S&P Global Ratings announced that it would keep its 'BBB+' long-term and 'A-2' short-term issuer credit ratings on China Huarong Asset Management Co. Ltd. (CHAMC) and its subsidiaries, China Huarong Financial Leasing Co. Ltd. (HRFL) and China Huarong International Holdings Ltd. (Huarong International) on CreditWatch with negative implications. The 'BBB+' long-term issue rating on the notes that Huarong International guarantees also remained on CreditWatch with negative implications. S&P continues to view CHAMC as a government-related entity, with a very high likelihood of extraordinary government support.

The CreditWatch extension reflects continued uncertainties over CHAMC's core credit risk metrics and how the relevant transaction would affect the group following the prolonged delay in the release of its 2020 earnings.

S&P believes that the authorities could be taking steps to mitigate relevant systemic risks. This includes the plausible reported development of Chinese banks maintaining their funding facilities with CHAMC, and further government efforts are possible. As Reuters reported earlier that Chinese regulators had coordinated a number of banks "not to rescind loans" on related loans of CHAMC and prepared well to support.

Regarding its overseas bond issuer Huarong International, S&P continues to view Huarong International as a core subsidiary of CHAMC and that any potential extraordinary support from the government will be indirectly available to the company if needed. S&P expects the CHAMC may extend direct liquidity support or indirect liquidity support to Huarong International through the group's relationships with Chinese financial institutions.

So far, CHAMC has maintained its domestic and overseas public debt payments on schedule. CHAMC previously announced that from April 1 to May 20, the company and its subsidiaries had accumulatively redeemed 25 domestic and foreign bonds due on schedule and in full, of which: 2 overseas bonds with an amount of S$600 million and US$300 million respectively, and 23 domestic bonds (including deposit certificates of Huarong Xiangjiang Bank) with a total amount of RMB18.866 billion. It was reported recently that the principal and interest funds of the US$900 million bond with a coupon of 3.25% of Huarong International due on June 3 had been transferred to designated accounts in full.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Software AG to Power Growth Across APJ with New Senior Executive Hires

SINGAPORE, Jun 3, 2021 – (ACN Newswire) – Software AG (Frankfurt MDAX: SOW) today announced a number of senior executive appointments in Asia Pacific and Japan (APJ). This forms the cornerstone of the company's plan to establish a leadership team that can better support its customer and partner bases in the region, underscoring the importance that Software AG is placing on the region. This also follows a robust 1Q21 global business performance, where digital business transformation emerged as a key growth driver for Software AG.

Software AG aims to help organisations become truly connected and turn business data into information that can be acted on. The new appointments collectively boost Software AG's ability to respond to the evolving needs of organisations in APJ, especially in light of the rapid digitalisation in this region.

Nicolas Betbeder-Matibet has been appointed Software AG's new Senior Vice President of Sales for Asia Pacific and Japan and will lead the region, where he is responsible for driving all regional GTM efforts as well as cultivating a strong culture and purpose for the team in APJ. Nicolas joins the company from Tibco, where he led their Asia business and drove an aggressive regional growth strategy for the company. Nicolas has also held senior roles at MEGA International and CGI Consulting and is a well-known regional speaker.

Software AG veteran Michael Cross has taken on a new role as the Vice President of APJ Alliance and Channels. With renewed focus on alliances and channels to boost Software AG's business growth in APJ, Cross' responsibilities also include an important role to shape the company's IoT Go-To-Market strategy for the region. Based in Australia, Cross' 11 year tenure at Software AG spanned a number of leadership roles across its APJ operations, providing him with insight into the region's unique business nuances.

Lorne Fetzek, appointed as Software AG's Country Manager of Japan, brings with him more than 20 years of experience and a stellar track record in leading technology heavyweights. Lorne started his career with Dell Japan, and has held Japan country-level and APG regional-level leadership positions at Verizon, Polycom, and Proofpoint. Prior to joining Software AG, Lorne was the Area Vice President, Japan for cybersecurity specialist, Imperva. Lorne is looking forward to utilising his experience in the Japan market to strengthen Software AG's growing Japan business.

KyuHwan Lee, Country Manager of Software AG, South Korea, joins the company from Oracle Digital Prime. KyuHwan previously held the role of Sales Director, and was responsible for driving customer-oriented strategies, marketing and sales play with his direct reports and partners for Oracle. These strategies led to outstanding results, achieving remarkable growth for Oracle in FY20 for which he was honoured with the "Outstanding FLM in FY20" recognition.

Scott Little, Senior Vice President of Global Sales said: "Our growth momentum over the past quarter has been driven in no small part by the rise of digital business, and bolstering our ranks with industry veterans will position us well to continue building on the strong momentum that we have established. The rapid digitalisation of APJ presents new opportunities for Software AG to distinguish itself as a leading industry player by supporting the growth of the region's digital-first businesses. Led by our newly minted team, we are thrilled to embark on a new chapter of our regional growth story and look forward to further entrenching Software AG's presence in APJ."

Moving ahead, Software AG's approach to growth will be centred around the Helix transformation strategy. Built around the values of "Focus, Team and Execution", it sets solid, material goals for the company, including targeted, sustainable and profitable growth, and a commitment to medium-term milestones, metrics and pathways.

Earlier in February 2021, Software AG announced a partnership with Singaporean telecommunications company StarHub that aims to help businesses consolidate varied IoT assets on a massive scale via the 5G IoT platform service. It is billed as a one-stop solution that provides IoT connectivity including StarHub's 5G, device management, professional services to integrate existing or new systems, and managed services to run the entire IoT environment for any organisation. This accelerates and adds scalability to IoT implementations, empowering organisations with productivity boosts, enhanced innovation capabilities, as well as overall cost-savings.

About Software AG

Software AG is the software pioneer of a truly connected world. Since 1969, it has helped 10,000+ organizations use software to connect people, departments, systems and devices. Software AG empowers truly connected enterprises using integration & APIs, IoT & analytics and business & IT transformation. Software AG's products establish a fluid flow of data that allows everything and everyone to work together. The company has more than 4,700 employees across more than 70 countries and annual revenue of over EUR 800m, with the aim of exceeding EUR 1bn by 2023. For more information, visit www.softwareag.com. And follow on LinkedIn and Twitter.

Software AG Media Contact
Jane Chan
E: Jane.Chan@softwareag.com
T: +65-9150-3794

PRecious Communications for Software AG
E: softwareag@preciouscomms.com
T: +65-6303-0567

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Online Brokerage Tiger Brokers Adopts Alibaba Cloud Technologies to Provide Superior Trading Experience to Its Online Investors

SINGAPORE, Jun 1, 2021 – (ACN Newswire) – Xiaomi-backed online brokerage Tiger Brokers today announced their technology collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. Alibaba Cloud provides Tiger Brokers with end-to-end technology support to its trading platform, Tiger Trade, to meet the secure and low latency trading demands of its investors on the platform.

Tiger Brokers has been seeing a consistent increase in the number of investors onboarding the trading platform. Alibaba Cloud solution will help to ensure the speed of data flow on the app is not compromised. Its Big Data analytics will also provide relevant insights into Tiger Brokers' investors trading behaviour, allowing them the chance to offer better service offerings and trading opportunities to meet the demands of their investors.

Kelvin Liu, Vice President, Engineering of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, shared, "At Tiger Brokers, we are all about bringing superior user experience to our investors, from customer service, trading experience to up-to-date market insights. With Alibaba Cloud's service, we will be able to provide high performance and low latency trading experience on the platform, as well as foresight into our business planning and expansion within the region."

"With Alibaba Cloud's robust presence across the Asia Pacific region, Tiger Brokers will be able to scale up our online platform across markets with ease when the opportunity arises," added Kelvin.

UP Fintech's first quarter earnings showed positive momentum with total revenues at US$81.3 million, a 255.5% increase from the first quarter of 2020. Total trading volume also surged past US$123.8 billion dollars, nearly triple the same period in 2020. Total number of customers with deposits increased by 180.4% year-over-year to 376.0K. Tiger Brokers will continue to enhance the functionality of its platform, augmenting their comprehensive capability to serve corporate clients, as well as the execution of their global expansion strategy.

"Alibaba Cloud is committed to bringing the best technology solutions to the financial industry and support Tiger Brokers' digitalisation journey," said Dr Derek Wang, Singapore General Manager, Alibaba Cloud Intelligence. "We are confident that together with Tiger Brokers, we can bring better user experiences to the platform's investors, helping them to gain a stronger foothold in the competitive trading industry."

The technology collaboration with Alibaba Cloud is Tiger Brokers' latest effort when it comes to strengthening their online platform, allowing investors to gain better access to best-in-class and up-to-date financial information for seamless trading experience.

Eng Thiam Choon, CEO of Tiger Brokers Singapore also commented, "Singapore is known as the fintech hub of Asia and a mobile-savvy nation. Today, online trading has become part of the lifestyle of many people as we see 30% of Singapore investors being Gen Zs, also known as the internet generation. We hope to be the go-to trading platform for our investors to make the best, objective trading decisions when it comes to online investing – be it whether they are seasoned or new investors."

Tiger Trade officially launched in Singapore in February 2020, offering retail investors trading opportunities such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall. Investors also have the opportunity to trade on six different exchanges – New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

The Tiger Trade mobile application is available for download on Apple App store and Google Play store.
– Apple App store: https://apps.apple.com/sg/app/id1023600494
– Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the US, China, Hong Kong, Singapore and Australian stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under "TIGR" in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1.4 million customers worldwide currently, with a total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company's proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its "mobile first" strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company's proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearing houses. For more information on the Company, please visit: https://ir.itiger.com.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BAYBANNFA moves to legal review in becoming an NFA Member

NEW YORK, May 27, 2021 – (ACN Newswire) – BAYBANNFA has completed its application, and has now moved to legal review in becoming a member of the National Futures Association (NFA; NFA ID: 0527835). The NFA will conduct a background and compliance check to determine that BAYBANNFA meets with the relevant provisions of the CEA, after which it will become an official NFA member.

https://www.nfa.futures.org/BasicNet/basic-profile.aspx?nfaid=5rbvtgr%2FZSQ%3D

The major responsibilities of the NFA are to establish ethical standards for futures and other markets, to protect the interests of traders and investors. NFA ensures its members strictly abide by federal laws and rules set by the CFTC, and strictly supervises member brokers to ensure market integrity for traders and investors. In the 20 years since the establishment of NFA, the trading volume of the US Futures Exchange and foreign exchange market has expanded many times over, while the customer complaint rate has been reduced by 72%.

BAYBANNFA's application to become an officially supervised member of the NFA, one of the world's well-known financial authorities, is taking BAYBANNFA to another level internationally, as well as improving recognition by more global traders. BAYBANNFA has expanded its businesses in many countries, including the United States, the United Kingdom, Australia and Southeast Asia, and has branches in more than 60 regions, providing foreign exchange, cryptocurrency, index and futures diversified portfolio investment plans.

BAYBANNFA has gained the support of many quarters as it 'Prioritises the interests of customers' as its core value. Under the comprehensive supervision of the NFA, with its extensive business plan and determination to explore the global investment wealth code with investors, BAYBANNFA will be recognised by increasing global investors. The financial markets in 2021 can look forward to further achievements from BAYBANNFA in the FinTech industry.

Media Contact
Maya, BAYBANNFA
Email: enquiry@baybankus.com
Website: https://www.baybankus.com/
NFA: https://www.nfa.futures.org/BasicNet/basic-profile.aspx?nfaid=5rbvtgr%2FZSQ%3D

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Central Global Berhad Posts 25% Rise in Revenue

KUALA LUMPUR, May 25, 2021 – (ACN Newswire) – Main Market-listed Central Global Berhad ("CGB") recorded a 25.42% increase in revenue to RM37.56 million for the first quarter ended 31 March 2021 ("1Q2021") compared to RM29.95 million recorded in the same quarter of the previous year.

CGB executive chairman Dato' Faisal Zelman

The Group registered a loss before tax ("LBT") of RM1.03 million for 1Q2021 compared to a profit before tax ("PBT") of RM760,000 in the corresponding quarter of the previous year. On a segmental basis, CGB's manufacturing arm recorded a 48.3% increase in revenue to RM17.36 million compared to the RM11.7 million recorded in the same quarter of the previous year while the construction arm registered a 10.7% increase in revenue to RM20.2 million compared to the RM18.24 million recorded in the corresponding quarter of the previous year.

For 1Q2021, CGB's manufacturing arm registered RM510,000 in PBT from LBT of RM139,000 in the corresponding quarter of the previous year due mainly to higher revenue contribution from trading of industrial tapes and label stocks. For the quarter under review, the construction arm recorded LBT of RM938,000 compared to PBT of RM1.05 million in the same quarter of the previous year mainly due to lower contribution from two projects located in Penang that were completed and handed over in 1Q2021.

CGB executive chairman Dato' Faisal Zelman said: "We continue to be upbeat about the Group's outlook despite the challenges posed by the rise in COVID-19 infections and its impact on business sentiment. The plans that we shared publicly are being implemented and we are confident that these plans will benefit the Group."

"The approval by Bursa Malaysia Securities Berhad of our proposed private placement of 18 million new shares in late April will help these plans along. As we have shared, we intend to upgrade our manufacturing arm's capacity as well as fund an existing construction project in Penang. We have also clinched an RM101 million construction project in Lahad Datu, Sabah that will substantially boost the construction arm's contribution to financial performance in the coming quarters. The manufacturing arm continues to take advantage of the change in market structure arising from a more fragmented competition landscape while the continued supply-chain disruption arising from pandemic lockdowns has given us the opportunity to penetrate the domestic market further."

"The surge of COVID-19 infections has certainly been worrying and we are monitoring the situation as it unfolds. We continue to adhere to all standard operating procedures to ensure the safety and health of our employees, vendors and customers."

Please contact below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

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