Fajarbaru upbeat on property segment’s outlook in Malaysia and Australia

KUALA LUMPUR, May 6, 2021 – (ACN Newswire) – Fajarbaru Builder Group Bhd, a Bursa Malaysia Main Market listed company primarily involved in construction and property development, is upbeat on its property segment's outlook in anticipation of the economic recovery supported by the National Covid-19 Immunisation Programme. The company is also looking to launch new property projects towards second half of this year once market conditions improve.

The Group recently completed its maiden development Rica Residence @ Sentul on schedule, and started handover in mid-March this year. The handover was originally due to kick off up to 3 months earlier, but was delayed due to MCO restrictions.

Fajarbaru Group Chief Executive Officer Dato' Sri Eric Kuan Khian Leng said: "The property division remains a significant revenue generator for the Group in addition to our core business in construction. We have property development interest not just in Malaysia but in Australia as well. Although the Covid-19 pandemic has certainly affected the property segment, there are positive signs that market conditions will improve and we can capitalise on it as long as we adapt and innovate accordingly."

Rica Residence @ Sentul, which has a gross development value (GDV) of RM292.49 million, is Fajarbaru's maiden property development in Malaysia. Despite coming from a 'construction-based' background, the Group's property development segment under its wholly-owned subsidiary Fajarbaru Land has made good on its promise of quality to its first customers and delivered extra value to buyers with the instalment of polyurethane (PU) flooring for its carparks as well as 3 electric vehicle (EV) charging stations.

The latest take-up rate of Rica Residence @ Sentul stands at 82% (including booking). On the balance units, he said, "We are currently in the midst of releasing the remaining developer units. We believe there will be a strong take-up after MCO – the near-completion of the MRT2 in 2022 is also a positive boost for us to do so smoothly. We target to sell off the remaining units by end of 2021." "Once market condition improves, we will also look into the possibility of launching the Rica Residence @ Kinrara project in 2021 which will be based on a condominium development concept." Eric noted.

Meanwhile in Melbourne, Australia, the Group reported that its AUD182.84 million GDV Paragon Queen Street development was completed recently. Its latest take-up rate stands at 93%, and the developer is fairly confident of the sales of the remaining units in its project which has won awards in the Asia Pacific Property Awards 2018-19 and iProperty Development Excellence Award 2019.

This is Fajarbaru's second development after the success of its first sold-out project called 'Gardenhill' in Melbourne in 2017. The Group is now on to its third development here, a project comprising 15 residential two-storey houses along Merri Creek in Northcote, Melbourne.

"The construction from Northcote has not yet started, but it is scheduled for a soft launch sometime in mid-2021 and the interest has been encouraging due to the location. This project will increase our presence in the property market in Melbourne, Australia and expand the Group's earning base," said Eric. The estimated GDV for the Northcote development is approximately AUD40.20 million.

Going forward, Fajarbaru is looking into expanding its local property development footprints not just in the Klang Valley, but also into Penang and Putrajaya once the economy fully reopens. Eric reckons that for projects in prime locations, high-end landed property development will be viable but the market demand for affordable housing and family upgraders cannot be neglected.

The Group will continue exploring landbanks in locations that can generate income for now, and be on the lookout for potential joint-ventures to develop properties in Malaysia and Australia. Fajarbaru is cautiously optimistic on the growth prospects of its property development segment in 2021 and beyond in line with the expected recovery of market conditions.

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

Corporate Boards Worldwide Navigating Governance Challenges, HKIoD Shares Findings of Global Director Survey 2020-2021

HONG KONG, May 6, 2021 – (ACN Newswire) – A global research on board governance during the Covid-19 crisis indicated that two-thirds of company directors reported an increase of time commitment by 50 percent or more.

The Hong Kong Institute of Directors ("HKIoD") shares the 2020-2021 Survey Report of the Global Network of Director Institutes ("GNDI"), which analyses survey responses fielded in the second half-year of 2020 from a diverse pool of nearly 2,000 directors from 17 director institutes worldwide. HKIoD is a member institute of GNDI, an international alliance of leading director institutes representing more than 150,000 corporate board members.

Chairman of HKIoD Dr Christopher To noted, "This GNDI Survey Report provides timely snapshots of how boards worldwide are navigating the economic and social impacts of the Covid-19 crisis. How our fellow directors recalibrated their board foci and strategies generated good references not just for now but also for the foreseeable future, as the impacts of Covid-19 will linger for some time. Globally directors must act and have acted quickly in changing. This crisis poses opportunity to rethink, revalue, restructure, restart and rebound,"

Highlights of global key findings

Outlined below are highlights of the report's key findings:
— Directors gave high marks to themselves and their management teams. Many credited prior scenario planning that provides a good foundation for an effective response to the Covid-19 crisis.
— There will be an increased emphasis on risks in 2021 and beyond. The crisis will likely have the most significant long-term impact on how boards engage on strategy and risk and assess employee health and safety.
— Virtual board meetings work, but they are second best. Virtual board meetings are here to stay.

Challenges and responses

While the GNDI Survey Report publishes Global Aggregates, HKIoD has prepared a supplementary paper, which places side by side the findings for significant issues in Global Aggregates, Asia & Oceania Subset ("A&O") and Hong Kong Subset. The comparison presents findings in Hong Kong ranking order, for readers with interest in the Hong Kong scenarios vis-a-vis regionally and globally.

The top challenge perceived from the Covid-19 crisis was "recalibrating strategies to the new market or environment" (HK: 61%, A&O: 61%, Global: 56%). This is followed by "ensuring effective governance in decisions affecting employees, investors, customers, suppliers and communities" and "responding to changing government policies and guidelines".

As to how boards responded to the Covid-19 crisis, the top answer was "our board has been able to govern effectively in the new environment" (HK: 80%, A&O: 84%, Global: 89%). Many boards have established ad-hoc or special crisis committee as "a valuable component of the board's crisis response plan".

Compared to directors of other places, Hong Kong directors seem to have outperformed in identifying mobility restrictions and pandemic risk as "top risk on the board's risk dashboard 12 months ago". This is probably due to prior experiences in the 2003 SARS and the 2019 social unrest. On challenges posed by the crisis, Hong Kong directors placed a higher ranking than other directors in "approving or making decisions quickly" as an important challenge to be addressed and therefore attributed higher emphasis to "ensuring the quality of decision making on fast-moving issues" as an area of governance with long-term impact.

The topmost challenge by far in adapting to meetings in a virtual setting was "losing nonverbal communication between directors" (HK: 61%, A&O: 64%, Global: 68%). This was followed by the challenge from technological problems disrupting the meeting.

CEO of HKIoD Dr Carlye Tsui, who is also a member of the GNDI Executive Committee, remarked, "Globally, directors were confronted with the need to master technology in adapting to virtual meetings. This may be a wake-up call for them to enhance their digital readiness. Measures in meeting the challenges in the Covid-19 crisis are to a great extent related to digital transformation. Digital readiness can react to transformation better; a board that is digital enlightened leads digital transformation in a faster speed."

Long-term impacts

On areas of governance perceived to be affected in the long term, many boards would proceed with "incorporating a new set of broader risks in scenario planning". Boards would work on "ensuring the ongoing health and safety of employees".

Perceived by the directors surveyed, there is likelihood of change in the long-term trajectory of trends. The respondents anticipated "increased focus on ESG, sustainability and stakeholder value issues" (HK: 75%, A&O: 71%, Global: 67%). They also predicted "slowing down of globalization through increased protectionism". They placed importance on "incorporating data analytics" and "incorporating expertise of outside experts" into the board decision-making process. Other trends perceived to pick up momentum included "increased board diversity", "the emergence of professional director", "increased competition for talent" and "increased corporate repurposing".

Dr To further remarked, "We must continue to be braced for severe business hardship. We must learn from the past experiences and ride on the transformation of business mode."

Lessons learned and going forward

From the survey, the lessons learned included "digital board engagement as a helpful tool for board operations moving forward" (HK: 82%, A&O: 87%, Global: 89%). The respondents indicated that their board would "incorporate a broader set of risks into the information dashboard of the board", "ensure greater communication with a broader set of stakeholders" and "increase director education on factors identified as barriers to the organisation's Covid-19 response", among other things.

Dr Tsui added, "A competent director must pursue continuing professional development. The survey findings provide HKIoD with useful reference for enhancing education to facilitate directors in the new normal."

HKIoD promotes excellence in director practices through its annual major project of Directors Of The Year Awards, honouring role models among individual directors and the collective boards. Continuing in its 21st anniversary, the awards project this year takes on the theme "Leading in New Normal". Nominations for the awards are open to the public.

The full report of the GNDI Global Survey 2020-2021 [http://www.hkiod.com/gndisurvey2020.pdf] and the HKIoD supplementary paper [http://www.hkiod.com/gndisurvey2020/sup.pdf] are available for download free of charge. Nominations of candidates for Directors Of The Year Awards 2021 [http:www.hkiod.com/dya-current.html] are welcomed.

About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors ("HKIoD") 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. HKIoD is a member institute of the Global Network of Director Institutes, a worldwide alliance of leading director institutes.
http://www.hkiod.com
Tel: (852) 2889 9986
Fax: (852) 2889 9982

About The Global Network of Director Institutes
GNDI is an alliance of leading director institutes from around the world. A global programme of reciprocity helps directors and their boards to unlock access to director resources around the world. GNDI comprises 22 member institutes including HKIoD, representing over 150,000 directors and other governance professionals around the globe.
http://www.gndi.org

Media Enquiries:
The Hong Kong Institute of Directors
Joanne Yam +852 2889 1414/joanne.yam@hkiod.com
Odessa So +852 2889 4988/odessa.so@hkiod.com

Strategic Public Relations Group Limited
Brenda Chan +852 2114 4396/brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395/chak.yau@sprg.com.hk

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

Trintech Announces Sponsorship of ServiceNow’s Knowledge 2021 Event

DALLAS, TX, May 5, 2021 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced its gold sponsorship of ServiceNow's Knowledge 2021 event taking place virtually May 11th – 20th. During this event, digital leaders, partners, and forward-thinkers will come together to discover how organizations are becoming more resilient and reshaping their industries with digital workflows.

As part of this sponsorship, Trintech will be hosting two speaking sessions. The first, "Delivering Real-Time Financial Insights with the Right Processes and Technology," will be co-hosted with KPMG and focuses on how to address the financial close by combining effective processes and technology that simplify workflows across your Office of Finance.

"As enterprises continue to accelerate digital transformation efforts, it is critical to think about this holistically from both a process and technology-perspective," said Scott Cohen, Advisory, KPMG LLP. "A comprehensive digital workflow transformation is vital to your future success and we are excited about our expanded partnership with both Trintech and ServiceNow to address companies' unique finance and organizational transformations by turning knowledge into value and successfully driving large, global, and complex workflow transformation."

The second session, "Transform Your Office of Finance by Powering Your Workflow with CadencyDirect," will showcase how CadencyDirect, the only Financial Close Automation (FCA) application on the Now Platform(R), can digitize your workflows across your financial close process on a single, scalable, cloud-based platform that reduces complexity and risk, accelerates the overall process, and drives a greater experience for finance teams.

"Leading enterprises understand the need to digitize workflows across the enterprise which is why we are excited about our recent partnership with ServiceNow and bringing our CadencyDirect solution to the ServiceNow customer base at Knowledge 2021," said Robert Michlewicz, Chief Strategy Officer at Trintech. "For finance organizations, CadencyDirect complements and extends financial operations management by addressing the shared needs of the CFO, CIO and CAO and enabling their teams to digitize workflows impacting the financial close process – thus creating visibility and improved synergies that help companies achieve a more effective operating enterprise."

Trintech recently was named a ServiceNow Elite Partner in the ServiceNow Technology Program, bringing CadencyDirect, an industry-leading financial close automation solution, into the Now Platform(R) to support digital transformation across the enterprise. CadencyDirect is powered by Trintech's industry-leading Cadency solution that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance. Cadency integrates with 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R) and currently serves the majority of the Fortune 100.

For more information on ServiceNow's Knowledge 2021 event, or to register, click here. https://knowledge.servicenow.com/

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched 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 Nordics, 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.

About KPMG LLP

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and in FY20 had close to 227,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. Learn more at www.kpmg.com/us.

Media Contact:
Kristina Pereira Tully
Vested
+1-650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

Singapore, May 4, 2021 – (ACN Newswire) – Futu Singapore Pte. Ltd. (“Futu SG”), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new “Share leh!” campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users.

In line with the company’s mission to “make investing easier and not alone”, Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero.

Under the “Share leh!” campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commission-free trading for US, HK & SG markets, free level 2 market data for US stocks and free level 1 real-time market data for SGX securities per new account opening with a minimum deposit of either S$2,700, US$2,000 or HK$16,000 before 1500 hrs on 31 May 2021*.

The key motivation behind Futu SG’s new campaign is the results from its previous survey on investing trends amongst Gen Z and Millennials, which found that many young investors have developed a greater interest in investing and have begun taking greater ownership of their finances. As “FOMO” (Fear of Missing Out) is highly undesired among these demographics, Futu SG hopes that its campaign would bring about an engaging social community that promotes a sense of inclusivity and culture to all users.

As highlighted by the campaign name, Futu SG hopes to show users how they will be rewarded by sharing offers, insights, profits graphs, and investment ideas to their peers. In addition, moomoo app provides an open forum known as the moo community which allows its users and clients to share investment ideas, ask questions and exchange insights through posts and live-streams. Features that are available in the community include digital content, tasks & missions and analytical guides for both new and seasoned investors. The moo community was created to boost the idea of making investing “not alone”, and seeks to help investors enrich their investing knowledge and establish rapport with other investors. Futu SG hopes that these initiatives will highlight how investment is never a lonely journey for users and that they will always have the backing of moo community.

Since its launch in Singapore this March, moomoo powered by Futu has received much success to date, having seen robust growth momentum and encouraging user feedback. The platform currently has more than 13 million users worldwide and possesses one of the fastest growing investor communities in the region which enables users to stay up-to-date of the latest investment trends.

Another testament to Futu Holdings Limited’s success is its achievement of the Fintech Award under the Trading Services category in the Singapore Business Review Awards 2021 for the launch and creation of moomoo.

Recognising the importance in having both user-friendly designs and advanced product features, Futu Holdings Limited designed moomoo with a slick interface which provides wide product offerings of market accessibility, data options, low commissions and user fees to reduce friction in accessing global investable products. moomoo app also includes AI-driven data screeners and easy-to-analyse trading charts, facilitating the convenience of trading across multiple markets with its multi-currency facility.

“We are very thankful to have received the SBR Awards and are confident that this is a positive sign of the success from our digitalisation efforts. Since establishing in 2012, we have always been on a mission to improve the investing experience of users through product upgrading and have dedicated over 70% of our employees to research and development. We also recognised that investing should not be a difficult and lonesome process and have therefore placed great emphasis on social elements. We believe that our latest campaign of rewarding users for sharing will show our commitment in being there for them along every step of the way,” says Leaf Li, Founder & CEO of Futu.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted. Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

For all media queries, please contact:
Ashley Tan
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg

China Dynamics Strategically Invests in Germany’s Quantron AG

HONG KONG, May 4, 2021 – (ACN Newswire) – China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), which provides new energy vehicles and technology integrated solutions, has entered into an investment agreement with Quantron AG ("Quantron"), a Germany-based company engaged in e-mobility in inner city and regional passenger and freight transport.

Centre: Mr. Miguel Valldecabres Polop, CEO of China Dynamics, believes that the investment agreement with Quantron will bring forth synergistic benefits to the Group. Left: Mr. Michael Perschke, a member of Quantron's supervisory board and an International Advisor at China Dynamics. Right: Mr. Andreas Haller, Chairman of the board of Quantron.

Under the agreement, the Group has conditionally agreed to subscribe to 2,698 Quantron subscription shares, representing approximately 4.98% of the latter's enlarged share capital.

Quantron is expected to source e-vehicles components and retrofitment kits from China Dynamics to meet demand from its customers and to explore opportunity with the Group for joint development of light and medium e-delivery trucks.

Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "With its long-standing electric vehicle ("EV") expertise in commercial vehicles and its great market access in Europe, Quantron is an ideal fit into our group of EV-focused companies and it will become the Group's key gateway to Europe. China Dynamics and Quantron will explore opportunities in EV light and medium delivery trucks – a segment in which Quantron is already hugely successful with its electrification of the large light commercial van IVECO Daily."

Mr. Andreas Haller, Chairman of the Board of Quantron AG, said: "China Dynamics will play an important part of our global growth strategy with its supply of retrofitment components as well as provision of engineering support and hydrogen-powered commercial vehicles. Meanwhile, Quantron will explore sourcing and supply chain opportunities with China Dynamics for EV components and retrofitment kits, based on the new regulation and subsidies to be released by the German Government in Q2/2021."

China Dynamics and Quantron have also confirmed the appointment of Mr. Michael Perschke as a member of Quantron's supervisory board. Mr. Perschke is part of China Dynamics' Team of International Advisors who support the Group's growth strategy in the global market.

About China Dynamics (Holdings) Limited (Stock Code: 476)

China Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. To better reflect the Group's business and its development direction to globalise its electric vehicles to world markets, the Company has proposed to change its name to "EV Dynamics (Holdings) Limited".

About Quantron AG

Quantron AG is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovation forge includes the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing offers and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.

Media Enquiry
Strategic Financial Relations Limited
Vicky Lee, +852 2864 4834, vicky.lee@sprg.com.hk
Phoebe Leung, +852 2114 4172, phoebe.leung@sprg.com.hk
Eddie Li, +852 2114 4170, eddie.li@sprg.com.hk
Website: www.sprg.com.hk

Quantron AG
Volker Seitz, 0049-821-789840-86, press@quantron.net

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

Moomoo Inc. clinches Title Sponsorship for Yahoo Finance?s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

Singapore, Apr 29, 2021 – (ACN Newswire) – Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more.

Mr. Leaf Hua Li, Founder & CEO of FUTU, said: “We are honoured to be selected as the Title Sponsor for Yahoo Finance’s live stream of Berkshire Hathaway’s Shareholder Meeting. The walls of access are tumbling down in this digital world and it is our privilege to provide our users with this opportunity.

There is always so much to learn from Berkshire Hathaway and Warren Buffett, one of the greatest investors of our times. We look forward to seeing a lively discussion on our moo community platform, with industry experts commenting and interpreting these nuggets of wisdom for our users.”

Created with the intention of fulfilling its mission in making investing “not alone”, the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

As an incentive to download the app for first time users, Futu Singapore is offering the following with a SGD 2,700 deposit for every account opening*:

– 1 Free Apple (AAPL) Share
– Cash coupon of SGD 30
– 90 days unlimited commission-free trading for US, HK & SG markets
– Free level 2 market data for US Stocks

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date.

Yahoo Finance Livestream Programming Schedule:

· 12:30pm ET Yahoo Finance pre-show

· 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel

· 5:00pm ET Berkshire Hathaway business meeting

· 5:30pm ET Yahoo Finance post-show

· 6:00pm ET Livestream ends

The programme will also be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L . This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

About Futu Singapore Pte. Ltd

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted.

For all media queries, please contact:

Ashley Tan / Jass Lim
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg

Activation Group Forms Strategic Alliance with Fosun Fashion Group

HONG KONG, Apr 28, 2021 – (ACN Newswire) – A provider of integrated marketing solutions in Greater China, Activation Group Holdings Limited ("Activation" or the "Company", collectively, the "Group", HKEX: 9919.HK) today announced a strategic alliance with Fosun Fashion Group (Cayman) Limited ("Fosun Fashion Group" or "FFG"), a subsidiary of Fosun International Limited (HKEX: 00656.HK), to capitalize on the emerging demand for luxury brands in China.

FFG manages a portfolio of heritage brands covering a full spectrum of fashion luxury categories, and it is one of the first movers to create a global luxury fashion group in China. FFG's current brand portfolio includes Lanvin, Wolford, St. John and Caruso. The consortium aims to serve the ever-changing global luxury market by developing a top-tier ecosystem to promote additional operational value in China. To create such unique fashion ecosystem, FFG has also allied, apart from Activation Group, with leaders along the fashion value chain, such as Baozun Inc. (NASDAQ: BZUN and HKEX: 9991), a leader and a pioneer in China's brand e-commerce service industry, and other seasoned industry players that can bring different strategic values in their respective fields to this ecosystem.

The alliance shares a belief in the China market being one of the brightest spots in the global luxury market, with prospects for exponential growth, together with a faith in the critical importance of China's e-commerce and consumer expectation on global brands. The strategic alliance will work together to develop best practices and best results for FFG's existing brands in China, while exploring opportunities to introduce new brands to the China market. Activation will become a minority shareholder in FFG, and become the preferred one-stop platform for all brands in FFG's portfolio, as well as FFG's preferred partner in exploring new business models and solutions for brand expansion.

Mr. Steve Lau Kam Yiu, Joint-chairman and Chief Executive Officer of Activation, said: "We are truly excited to become part of this strategic alliance in the luxury fashion arena. Over the past year, we have seen that China's market was leading the recovery of the luxury goods economy. With the revival of China's consumption and demand for diversified fashion products, Chinese consumers are now going for high-quality products, services, and unique experiences. Over the years, the Activation Group has been helping international luxury brands to engage Chinese customers and keep them abreast of the latest trends in China. We are pleased to have partnered with Fosun Fashion Group which also shares the same commitment to help fashion brands smartly leverage their DNA and knowhow so they achieve sustainable growth. We believe our rich experience and expertise in providing comprehensive sales and marketing solutions can add value and create more business opportunities for this strategic alliance and assist brands under the Fosun Fashion Group to successfully penetrate the China market and eventually become a leader in the fashion trend.

"As the global landscape of digitalization changes, there is no doubt that it is changing faster in China than in any other market," Joann Cheng, Chairman of FFG said. She added, "We made a strategic decision to form this consortium through a capital transaction so we can leverage the operational experience our partners have acquired over the years. Activation Group has been one of the top players in the market for years as it focuses on creativity and technology to connect offline consumers with the big data system and to provide luxury clients with a one-stop integrated online and offline marketing solutions. It is one of the very few companies in China with an international perspective while it specializes on satisfying the needs of the local market. We believe this strategic alliance is the first step in a deeper and broader long-term relationship with Activation Group and others, while continuing a successful journey with our brand partners in China."

About Activation Group Holdings Limited
Activation Group Holdings Limited is a leading and fast-growing integrated marketing solutions provider and brands and international IPs operator that focuses on the provision of experiential marketing, digital and brand communication, and public relations services which mainly operates in Greater China. The shares of the Company were listed on the Main Board of The Stock Exchange of Hong Kong Limited on 16 January 2020. The Group also focused on tapping into the sports and entertainment IP development sector. Since 2016, the Group has started its IP development business for sports market where the Group entered into cooperation agreements with each of LaLiga and Amaury Sport Organisation for granting the Group exclusive rights to organise authorised events with LaLiga Club brand and Le Tour de France brand and other rights for marketing, sponsorship, merchandising and other uses in the PRC. In 2017, the Group also established Stufish Asia Limited with Stufish Productions Limited tap into the entertainment IP development business.

About Fosun Fashion Group (FFG)
Launched in 2017 and based in Shanghai, China, FFG is a multi-disciplinary industry platform under Fosun International Limited that focuses on in-depth operations and strategic investments in luxury fashion. Rooted in China with a global vision, FFG is able to provide the complete solution for brands' sustainable growth. FFG believes that long-term value can be created through a variety of strategic initiatives. These include brand building, talent recruiting, product development, strategic alliances, channel expansion, digitalization, as well as full-spectrum local operation provided through its China operation arm, Fosun Fashion Brand Management (FFBM). Through its unique approach and position, FFG looks to create and connect cross-border communities, empower talent and drive growth. FFG's current brand portfolio includes Lanvin, Wolford, St. John and Caruso. For more information, please visit http://fashion.fosun.com/.

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Central Global Berhad’s Proposed Private Placement Approved by Bursa Securities

KUALA LUMPUR, Apr 23, 2021 – (ACN Newswire) – Central Global Berhad's ("CGB") proposed private placement of up to 18 million new ordinary shares has been approved by Bursa Malaysia Securities Berhad ("Bursa Securities").

CGB executive chairman Dato' Faisal Zelman

CGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group's other business is construction, where it recently won a subcontract valued at RM100.54 million to upgrade water supply infrastructure in Lahad Datu, Sabah.

A letter from Bursa Securities dated 22 April 2021 was received by TA Securities Holdings Berhad ("TA Securities"), the advisor and placement agent for CGB, informing of the approval for the listing and quotation of up to 18 million new ordinary shares to be issued pursuant to the proposed private placement.

The proposed private placement is subject to CGB and TA Securities fully complying with the relevant provisions under the Main Market Listing Requirements of the proposed private placement; that CGB and TA Securities inform Bursa Securities upon completion of the proposed private placement; that CGB furnishes Bursa Securities with a written confirmation of the Group's compliance with the terms and conditions of Bursa Securities' approval once the proposed private placement is completed; and, in the event the proposed private placement is not completed before the next annual general meeting ("AGM"), that CGB furnishes a certified true copy of the resolution passed by shareholders for a general mandate under Sections 75 and 76 of the Companies Act, 2016 at the Group's forthcoming AGM.

CGB executive chairman Dato' Faisal Zelman said, "We are glad for the approval as we have plans in the pipeline to expand our manufacturing and construction businesses. We need new machinery that is more efficient and cost-effective for our manufacturing operations and we will use part of the proceeds to fund a construction project in Pulau Pinang."

"As we have plans beyond the immediate ones for both the manufacturing and construction businesses, we are also allocating a portion of the proceeds for future growth as well as having a portion for working capital purposes."

For more information, please contact:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

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

Pertama Digital expresses interest to apply for BNM’s digital banking license, currently in talks to form dedicated consortium

SELANGOR, Malaysia, Apr 23, 2021 – (ACN Newswire) – Pertama Digital Berhad (PERTAMA), a Bursa Malaysia Main Market listed investment holding company in the government technology and fintech spaces, today announced its digital banking aspirations and revealed that it is currently in advanced joint venture talks to pursue the license from Bank Negara Malaysia. The application deadline is 30 June 2021.

Saify Akhtar, Director of Strategy, said: "We are motivated by and aligned with the financial inclusion emphasis in the licensing framework for digital banks published by BNM in December 2020. Pertama Digital is leading a consortium of innovators and veterans, bringing to market a homegrown solution, purpose built for those Malaysians that need us most. We have been hard at work coordinating capital, talent, technology and a captive market and are proud to announce that we have a uniquely sustainable banking model that exceeds the requirements laid out in the framework. We look forward to delivering ethical financial products to underserved Malaysians and contributing to our post-pandemic recovery as a nation."

Pertama Digital is the holding company of DAPAT Vista (M) Sdn Bhd, a Malaysian company that specialises in digitalisation of government services. It provides solutions in mobile and web apps; mobile payment and messaging; business empowerment APIs, and other customised digital services. Dapat also operates the government SMS gateway called mySMS and owns the MyPay and eJamin apps.

"Our vantage point gives us an edge because we have a wealth of information and lessons which have resulted in a successful and repeatable system that gets digitally and financially underserved Malaysians transacting online. Our team derives the most satisfaction from seeing our solutions adopted by people who have never made an online bank transfer before, for example. This is why we have collectively decided to pledge our resources into serving this market from here on," explained Saify.

Having started the digital court bail solution, eJamin, in early 2020, Pertama Digital now has valuable knowhow in the space of including underserved communities both digitally and financially.

"eJamin was designed after detailed consultations with the Office of the Chief Registrar of the Federal Court, court personnel across the country, banks and members of the Rakyat who have paid bail. Thanks to an innovation culture at the courts and rapidly increasing adoption of digital services across Malaysia, eJamin was implemented across all criminal courts in Malaysia 6 months ahead of schedule by mid-2020," said Amanda Sabri, CEO of Dapat.

Pertama Digital recently announced the increase of daily transfer limits between banks to RM500,000 from the usual RM30,000, which was approved by Payments Network Malaysia Sdn Bhd (PayNet) to meet the demands of the legal system, which continues to operate robustly during the pandemic. PayNet is the national payments network and shared central infrastructure for Malaysia's financial markets, with BNM as the single largest shareholder.

"On 1 April 2021, Dapat commenced a proof-of-concept for the conversion of coins into usable funds in any Malaysian bank account," Amanda continues.

She revealed that this POC, operated with support from Subang Parade, will lay the foundation for a new era of how the Rakyat handles cash in the near future and findings are being shared with BNM, who are keen to see efforts to recirculate coins in the economy. Early data shows strong participation from typically financially underserved demographics, like food delivery riders, who still collect high amounts of coins on a daily basis in 2021.

According to BNM, there are some RM3.5 billion worth of coins already minted and it is estimated that as much as 30% of coins issued every year end up being unused and kept idle at home.

"Pertama Digital has scheduled joint announcements with the digital banking consortium and collaborative partners, which will follow shortly," concluded Saify.

Issued by: Sense Consultancy on behalf of Pertama Digital Berhad

For further media enquiries please contact:
Anthony Lee
Tel: +6012 338 3705
Email: anthony@leesense.com

Jaz Ng
Tel: +6012 202 0096
Email: jaz@leesense.com

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

Redsun Services Acquires 80% Equity Interest in Each of Gaoli Property and Jiangsu Gaoli Meijia for RMB73.54 Million

HONG KONG, Apr 20, 2021 – (ACN Newswire) – Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast-growing comprehensive community services provider that focuses on the Yangtze River Delta, has announced that its wholly-owned subsidiary, Hong Life Property Management, has acquired an 80% equity interest in each of two property management companies in Nanjing – Gaoli Property and Jiangsu Gaoli Meijia("Target Companies") – from Gaoli Holdings, for a total consideration of RMB73.54 million. The acquisition will enable Redsun Services to expand its business scope and coverage, enhance economies of scale for the Group's development in Jiangsu Province, foster the development of its value-added services and other businesses, and in turn, bring new opportunities for the growth of the Group.

The Target Companies are principally engaged in the provision of property management services in the China, with a focus on property services relating to home fittings ports and automobile display venues. For the year ended 31 December 2020, revenue of the Target Companies amounted to RMB36.52 million, representing an increase of 33.9% when compared to the same period last year. Profit after taxation was RMB73.01 million, representing a growth of 56.7% compared to the level in the same period last year. Pursuant to the agreement, the Target Companies pledged to Hong Life Property Management that their operating revenue for the financial year of 2021, 2022 and 2023 will not be less than RMB42.40 million, RMB48.76 million and RMB56.07 million respectively. Net profit will not be less than RMB8.81 million, RMB10.13 million and RMB11.65 million, respectively. The acquisition was equivalent to a price earnings ratio of approximately 10.4 times (based on the guaranteed minimum net profit of the Target Companies for the year ending 31 December 2021, and was determined with reference to the merger and acquisition cases in the same industry in the market).

The acquisition will fill up the gap of the Group in the niche market of property management in the automobile display venue industry. Against the backdrop of the revival of the macro-economy in a post-COVID period, the automobile industrial parks and automobile display venues will present tremendous growth potential in terms of property development. The Group is well-positioned to achieve breakthroughs in this new niche market.

As of the date of this announcement, the Target Companies had a total of 12 property management and service projects, with total contracted GFA of approximately 1,194,659 sq.m. The Target Companies provide services that cover the full entrustment of property management services, property project planning services, security services, cleaning services, repair and maintenance services, gardening and greening services, domestic services and commercial services, to home fittings ports, automobile display venues, apartments and residential buildings and so forth. As of 31 December 2020, the unaudited combined net asset value was approximately RMB22.02 million.

Upon completion of the acquisition, the Target Companies will become subsidiaries of the Group and their financial information will be consolidated into the financial statements of the Group.

About Redsun Services Group Limited
Established in Nanjing in 2003, Redsun Services Group Limited is a fast-growing comprehensive community service provider focusing on the Yangtze River Delta. With a vision of "making lives warmer," the Group has provided and endeavor to continue to "provide customers with high-quality services with sincerity" to serve its customers. The Group has established the regional leading position in the property management market of Jiangsu province and is well-recognised nationwide. The Group was recognized as one of the Top 100 Property Management Companies by CIA for four consecutive years since 2017 and ranked 25th among the 2020 Top 100 Property Management Companies in terms of overall strength. In December 2020, the Group was included by FTSE Russell in the FTSE Global Micro-Cap Index. In April 2020, the Group was selected as Hang Seng Property Service and Management Index.

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