Hong Kong Capital Markets Forum 2024 “Driving Growth with Market Integrity and Sound Governance”

HONG KONG, Jan 31, 2024 – (ACN Newswire) – The inaugural Hong Kong Capital Markets Forum, jointly organised by The Chamber of Hong Kong Listed Companies (CHKLC), the Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA), and The Hong Kong Institute of Directors (HKIoD), was held yesterday, with the aim of upholding common goals and beliefs and collaboratively exploring the development path of Hong Kong’s capital markets.

Geopolitical tensions have brought more instability to the global economy, and the external environment faced by Hong Kong has become more complex. What is the outlook for Hong Kong’s capital markets under the new international situation? How should Hong Kong better attract domestic and foreign investors and explore innovative financial and business models, while consolidating the city’s unique advantages to meet challenges and seize opportunities? This forum focuses on various issues and emphasises that market integrity and sound governance are important cornerstones for the development of Hong Kong’s capital markets. The Forum invited a wide range of guest speakers and moderators, bringing together nearly 400 business elites and professionals to share their insights and efforts in addressing the challenges faced by Hong Kong, fostering a vibrant exchange of ideas.

Dr Kenneth Lam, Chairman of the Forum Organising Committee and Vice Chairman of The Chamber of Hong Kong Listed Companies, said, “CHKLC emphasises the long-term healthy growth and efficient operation of Hong Kong’s capital markets; PIEAA attaches great importance to the integrity and transparency of listed companies; and the HKIoD focuses on corporate governance and director professionalism. With this consensus, the three organisations have joined forces to initiate a representative and influential partnership, and have for the first time created a cross-sectoral communication platform that aims to integrate the professional knowledge and market practices of all parties to give impetus to the sustainable development of the capital markets.”

The guest of honour at the Forum was the Financial Secretary, Mr Paul Chan Mo-po GBM GBS MH JP. The Forum kicked off with a keynote speech entitled “2024 Economic and Capital Markets Outlook”. This was followed by in-depth panel discussions on two major topics: “Boosting Liquidity of Hong Kong Capital Markets” and “Enhancing the Role of Hong Kong as an International Asset Management Centre”. The final highlight of the Forum was a luncheon speech by Dr Carlson Tong GBS, JP, Chairman of the Task Force on Enhancing Stock Market Liquidity, entitled “Enhancing the Competitiveness and Attractiveness of Hong Kong as an IFC”, which brought the event to a successful close.

“By hosting this forum, the co-organisers hope to provide a communication and discussion platform for the industry to express opinions on market integrity, sound governance, sustainable development, and other related issues, and to share best practices and guidance on innovative development prospects. This will increase market participants’ awareness and understanding of market integrity, attract more capital to our markets, and promote the healthy development of the economy. At the same time, it will help facilitate the capital markets’ transformation towards sustainable development, enhance their capital formation and asset management capabilities, and improve Hong Kong’s long-term competitiveness and economic sustainability”, Dr Lam concluded.

Approximately 400 business and industry professionals actively participated in the inaugural Hong Kong Capital Markets Forum 2024.

Media Enquiries:

Strategic Public Relations Group Limited

Brenda Chan/ +852 2114 4396/ brenda.chan@sprg.com.hk

AcroMeta Receives Buy-Out Offer for its Controlled Environments Engineering Subsidiary

SINGAPORE, Jan 26, 2024 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced the Company had on 19 January 2024 received an indicative non-binding letter of intent (the “LOI”) from AESM Holding Pte. Ltd. (the “Purchaser”) in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the “Buy-Out”).

The Parties on a best-effort basis endeavour to enter into the definitive agreement necessary to give effect to the Buy-Out transaction by 28 February 2024; or such later date as mutually agreed between the Parties. Shareholders of the Purchaser includes several key management personnel of the Target Company. If the Buy-Out is successfully concluded, the Group’s remaining core business would be its fastgrowing co-working laboratory space business (“CLSB”) via its 70%-owned subsidiary Life Sciences Incubator Holdings Pte Ltd (“LSI”). In addition, the Buy-Out is set to include the novation of LSI’s net debt, further strengthening the Group’s financial position. The Purchaser is also set to indemnify the Group following the Creditor’s Voluntary Liquidation of Neo Tiew Power Pte. Ltd. (“NTP”), in which the Company has a 56% effective interest.

Besides the Group’s current CLSB at The German Center Singapore which occupies an area of 6,500 sqft, the Group continues to collaborate with strategic partners to accelerate the growth of its CLSB:

– 6 April 2023 – LSI entered into a non-binding MOU with a renowned German commercial property management company to work together on LSI’s proposed co-working laboratory space project in the flourishing life sciences hub of Brisbane, Australia.

– 6 October 2023 – LSI entered into a Management Agreement with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited. The MA engages LSI to operate and manage a co-working laboratory centre at Elementum, One-North, a building in the heart of Singapore’s biomedical industry district.

– 12 December 2023 – LSI entered into a strategic cooperation framework agreement with its partner Fenglin Healthcare Industry Development (Group) Co. Ltd., a company registered in the People’s Republic of China (“PRC”), to deepen their collaboration for the CLSB in the PRC.

Mr Levin Lee, ACROMETA’s Executive Chairman, said, “While the controlled environments engineering EPC (Engineering, Procurement, Construction) business still has growth potential, there will be ongoing margin pressures and challenging operating conditions, primarily due to increased costs in energy, manpower and construction materials. In particular, the availability of skilled manpower poses a challenge together with higher wages and higher dormitory space rental costs. Thus, we want to focus on the less capital-intensive and higher value-add co-working laboratory business to strengthen the Group’s performance.”

In another potential business opportunity, the Company incorporated AcroMeta Minerals Pte. Ltd. (“AcroMeta Minerals”) on 15 November 2023 as a follow-up to the 6 November signing of a non-binding non-exclusive MOU between AcroMeta and PT Swadaya Buana Makmur (“PTSBM”) for the supply of high purity (>99.5%) low iron silica sand from West Kalimantan, Indonesia.

The Company is confident in the long-term prospects of AcroMeta Minerals given the high demand for high purity silica sand which is used in the manufacture of solar panels, precision glass and ceramic instruments, ophthalmic lenses and LCD screens required by many industries such as the biotechnology, electronics, and pharmaceutical industries. The Group is currently negotiating with potential international buyers before entering into formal offtake agreements with PTSBM.

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

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

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

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

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

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

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

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

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

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

The 17th Asian Financial Forum concludes successfully

The 17th AFF concluded today, attracting over 3,600 policymakers and business leaders from more than 50 countries and regions who actively joined vibrant discussions, fostering sustainable development and multilateral cooperation and showcasing Hong Kong’s vibrant economy, setting the stage for conferences and exhibitions in the new year
The Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities in various industries
The AFF facilitated the signing of MoUs and agreements, including the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia, deepening business collaborations
On-site polling during the Forum showed that most participants considered the digital economy (31.4%) and electric vehicles (26.1%) the most promising industries in Mainland China

HONG KONG, Jan 25, 2024 – (ACN Newswire) – The 17th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 3,600 financial and business elites from more than 50 countries and regions, including over 70 overseas and Mainland China delegations. The Forum showcased Hong Kong’s thriving economy as participants explored opportunities, accelerated sustainable development and multilateral cooperation and launched Hong Kong’s conferences for the year.

The event was marked by a vibrant atmosphere. Various segments – including the opening session, plenary discussions, policy dialogue, keynote luncheons and cocktail reception – were well attended. Leaders from around the world actively engaged in discussions.

In just two days, the Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities for industry and investment cooperation. After the Forum’s conclusion, participants will have the opportunity to continue discussions and meetings online from tomorrow until 30 January (Tuesday).

Over the two-day physical event, the AFF brought together more than 140 policymakers, international financial and multilateral organisation representatives, financial institutions and corporate leaders from around the world as speakers.

On the first day of the Forum, Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the keynote luncheon, affirming the importance of Hong Kong as an international financial centre. He said that global cooperation could help solve problems that were even beyond our reach. He believed Hong Kong could play a full role in sustainable development financing, an increasingly important area.

One of the highlights of this year’s AFF was the Plenary Session I – Charting the Path to a Shared Future, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, bringing together financial officials from around the world to discuss economic challenges countries face. Julapun Amornvivat, Deputy Minister of Finance, Thailand, said: “The Asian Financial Forum is the place where both the public and private sectors can have honest discussions to find solutions to tackle major problems today and transform the economy for the future.” H.E. Dr Mohamed Maait, Minister of Finance, Egypt, mentioned that the world was grappling with rising geopolitical tensions and a lack of clarity about the future, weighing on the achievement of sustainable economic growth. To address global challenges, the world needed to deploy all efforts to coordinate economic policies on a multilateral scale.

On the second day, the Breakfast Panel focused on Unleashing the Dragon’s Currency: Navigating Renminbi Internationalisation on the Global Stage, allowing participants to delve into the renminbi’s growing use worldwide and trends in international demand. Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, addressed the Keynote Luncheon on the second day, which was moderated by Raymund Chao, Asia Pacific and China Chairman, PwC.

Global Spectrum, Dialogues for Tomorrow and Fireside Chat brought together pioneers from various industries to discuss a host of topical subjects, explored the latest Web 3.0 and virtual asset development, the future of fintech innovation, CIO Insights, green finance and opportunities in new markets. Speakers included Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, Dr Ma Jun, Chairman and President, Hong Kong Green Finance Association (HKGFA), Guinandra (Andra) Jatikusumo, Group Director and Chief of Investments & Business Development of CT Corp, Darmawan Junaidi, President Director, Bank Mandiri, Yat Siu, Co-Founder and Executive Chairman, Animoca Brands, and more.

Understanding prospects for mainland industries, environmental economics

To gauge participants’ views on the global economic outlook this year, the Forum conducted on-site voting during panel discussions. For instance, at the Panel Discussion on Global Economic Outlook, participants were asked about the greatest threats or uncertainties to economic growth in the Asia-Pacific. Most attendees identified geopolitical fragmentation (66.7%) as the biggest challenge, followed by a slowdown in the recovery momentum in key economies (17.7%), persistent inflation (6%), a tightened monetary environment (4.2%), continued supply chain reshaping (3.6%) and other factors (1.8%).

In the newly introduced Panel Discussion on Stewarding China’s New Chapter, participants were asked about the most promising industries in Mainland China. The digital economy took top spot with 31.4%. Electric vehicles (26.1%) and renewable energy (18.8%) followed in second and third place, respectively. Advanced manufacturing (15.8%), other industries (4.2%) and electronic devices (3.2%) ranked subsequently.

Over 700 matching sessions held on-site, online platform continues to yield results

Through the years, the Forum has played a crucial role in deepening business and trade collaboration. AFF Deal-making, a global investment project-matching event jointly organised by the HKTDC and Hong Kong Venture Capital and Private Equity Association (HKVCA), was well received, facilitating over 700 one-on-one meetings, connecting funds and investment projects from around the world. The founder of one of the start-ups from Thailand said he had met 20 visitors with potential deals, ranging from a family office to a legal adviser. He also commented that the geographical diversity of the visitors at Deal-making was extensive, ranging from India to Europe and Japan. The deal-making session had presented valuable opportunities to find potential business partners.

This year’s AFF also facilitated the signing of various Memorandums of Understanding (MoUs) and Agreement. These included the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia.

The Forum also featured exhibition zones including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone, presenting innovative solutions from international financial institutions and introducing prospective unicorns from Hong Kong and around the world. The exhibition segment brought together over 140 exhibitors, including international financial institutions, technology companies, start-ups, investment promotion agencies, and sponsors, including knowledge partner PwC, along with HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International and Cyberport.

The 2024 International Financial Week (IFW) commenced on 24 January to create synergies, bringing together over 20 partner events. These events cover a many topics of global interest to the financial and business community. They include private equity investment, alternative investments, sustainable investments, family offices and women’s empowerment, among others. These events highlight the role of Hong Kong as an international financial centre.

To seize opportunities and promote the conference and event economy, the AFF collaborated with various organisations to arrange activities for participants beyond the Forum. These activities included free admission to the Hong Kong Palace Museum, Hong Kong’s iconic Aqua Luna red-sail junk boat, TramOramic tour and open-top Big Bus arranged by the Hong Kong Tourism Board. These experiences allowed forum guests to feel at home and appreciate the vibrancy and diversity of Hong Kong.

Furthermore, to provide overseas participants with a better understanding of the Guangdong-Hong Kong-Macao Greater Bay Area and the vast business opportunities within, organisers will lead a delegation to Shenzhen tomorrow (26 January), including corporate visits and exchange activities.

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/

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

The 17th Asian Financial Forum, jointly organised by the HKSAR Government and the HKTDC, concluded successfully, attracting over 3,600 financial and business elites who actively participated in the event, creating a vibrant atmosphere for exchanges and showcasing Hong Kong’s thriving economy

Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the Keynote Luncheon on the first day

Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, delivered insightful remarks during the Keynote Luncheon on the second day

Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, an investment veteran, shared his experience in leadership transfer, markets views and investment tactics in Mainland China

The AFF Deal-making, an investment project matchmaking event organised by the HKTDC and the HKVCA, drew strong interest, facilitating over 700 one-on-one meetings and connecting funds and investment projects from around the world, involving more than 270 investors and over 560 projects

Representatives from Hong Kong and Croatia sign the Comprehensive Avoidance of Double Taxation Agreement

The Financial Services Development Council and Financial Sector Development Program of Saudi Arabia sign their MoU

The cocktail reception on the first day invited Paul Chan, Financial Secretary of HKSAR; Dr Peter KN Lam, Chairman of the HKTDC and Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, HSBC, to deliver speeches, fostering lively exchanges among guests from around the world

Media enquires

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

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

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

About HKTDC

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

R.T. Weatherman Foundation Makes a Significant Contribution to Ukraine’s Medical Needs Amidst Ongoing Conflict

KYIV, UKRAINE, Jan 25, 2024 – (ACN Newswire) – In a crucial effort to support Ukraine’s wounded, the R.T. Weatherman Foundation is proud to announce the successful delivery of over $1.5 million in trauma orthopedic medical supplies to six hospitals across Ukraine. This substantial contribution marks a significant step in aiding both soldiers on the frontlines and civilians affected by the ongoing conflict.

R.T. Weatherman Delivers Critical Aid

This large-scale donation includes advanced medical equipment and supplies specifically designed for the treatment of complex soft tissue and bone injuries. The aim is to facilitate limb salvage and recovery, offering hope and practical help to those suffering from severe trauma.

The hospitals benefiting from this donation are strategically located in regions where the need is most acute. The R.T. Weatherman Foundation worked closely with local authorities and medical experts to ensure the supplies were distributed efficiently and to the areas where they would make the most impact.

“We are deeply committed to providing tangible support in times of crisis,” said Dr. Meaghan Mobbs, President of the R.T. Weatherman Foundation. “Our mission is to fill critical gaps, and through this donation, we aim to alleviate some of the suffering caused by this conflict. We believe that no effort is too big or small when it comes to saving lives and limbs.”

The R.T. Weatherman Foundation extends its gratitude to partners and the donors whose generous contributions have made this initiative possible. Their ongoing support is crucial in enabling the foundation to respond swiftly and effectively in crisis situations.

“We remain steadfast in our commitment to humanitarian aid,” said Bess Weatherman, co-founder of the R.T. Weatherman Foundation. “And we continue to stand with the people of Ukraine. It is our hope that this contribution will not only provide immediate relief but will also encourage other donors to follow this lead.”

For more information about the R.T. Weatherman Foundation and its initiatives, or to support its efforts, please visit weathermanfoundation.org.

About R.T. Weatherman Foundation:

The R.T. Weatherman Foundation is a non-profit organization which supports the future of democracy, values every life as our own, and meets critical unmet needs.

Contact Information

Meaghan Mobbs
President
meaghan@weathermanfoundation.org
7034020373

Tori Hill
Director of Strategy, Programs, and Outreach
tori@weathermanfoundtion.org
407-755-7584

SOURCE: R.T. Weatherman Foundation

View the original press release on newswire.com.

17th Asian Financial Forum opens today

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

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

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

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

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

Diverse speakers from the Middle East and ASEAN for plenary discussions

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

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

Prof Sachs from the UN analysed responsible capitalism

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

Financial and business leaders discuss global economy, cooperation opportunities

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

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

Empowering global economic integration by unleashing China’s potential

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

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

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

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

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

Creating business connections through multiple exhibition zones

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

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

Momentum continues at key sessions tomorrow

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

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

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

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

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

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

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

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

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

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

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

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

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

Media enquires

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

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

About HKTDC

CRN Recognizes Dazz as a Cloud 100 Company for 2024

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

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

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

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

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

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

Follow The Channel Company: Twitter, LinkedIn and Facebook

Philippines job market records a 10% surge in annual hiring: foundit Insights Tracker

Manila, Philippines, Jan 22, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for December 2023, formerly published as Monster Employment Index (MEI). According to the Philippines fit report, there was a (10%) increase in the annual hiring activity from December 2022 to December 2023. The index reached 128 in December 2023, marking a significant leap from 116 in December 2022.

According to the tracker, the hiring activity in the region has been gradual and has revealed a continuous improvement in the labour market. There was a (10%) rise in hiring activity in December as well, as November reflected an index value of 116 (Same as Dec’22). Additionally, even the last three months saw an (8%) uptick in hiring activity in the Philippines. This surge in job opportunities, especially in the last month of 2023, was fuelled by heightened regional holiday spending, which led to an increased demand for goods and services. This provided a substantial boost to the job market, and with the upskilling initiatives by the Filipino Government, there has been a significant rise in the employment rate.

Commenting on the Philippines job trends for December 2023, Sekhar Garisa, CEO, foundit, said, “We have stepped into 2024 by showcasing remarkable growth and resilience across sectors. In this dynamic landscape, we need to also fundamentally reimagine the approach we take for recruitment. AI is now a global reality, and the local workforce needs to enhance its core competence. With the support and initiatives from the Filipino government and private sectors, issues concerning the ease of doing business, power, and upskilling would be addressed. The final quarter marked the economy’s best performance in the year 2023. We are hopeful that this encouraging trend would further push for good numbers in the region.”

Retail, Education, BPO/ITES, and Healthcare sectors lead in hiring activity, while the IT, Telecom/ISP, Consumer Goods/FMCG, Food & packaged Food, and BFSI industries witness a drop in recruitment

The fit reveals that the retail sector continued to dominate the job market with a (60%) increase in online hiring demand, driven by heightened demand for goods and services during the festive season. Simultaneously, the upskilling initiatives and apprenticeship programs initiated by the Government, has led to a (49%) increase in hiring in the education sector. Other sectors that have presented a positive trajectory include the BPO/ITES and Healthcare industries, witnessing an (11%) increase in hiring activity in both sectors. The healthcare sector in the region has always been welcoming of more doctors and nurses and the Philippines, being a large and popular market for the BPO sector, showcased a (9%) increase in hiring activity in November 23’ as well. Among others, Engineering, Construction, and Real Estate (+9%), Logistics, Courier/ Freight/ Transportation, Shipping (+7%), Advertising, MR, PR, Media & Entertainment (+6%) and Hospitality (+4%) registered positive growth trends.

Conversely, certain sectors such as IT, Telecom/ISP and BFSI faced significant challenges owing to the skill gaps and global competition existing in the market, registering negative growth of (-18%) and (-4%) simultaneously. Logistics has always been a challenge for the Philippines, the scattered demand market makes it difficult for industries such as Consumer Goods/FMCG, Food & Packaged Food to flourish in the region, indicating a (-14%) annual downturn. However, basis the tracker, these sectors have exhibited growth in job demand over the last month, indicating a potential shift in the hiring landscape. Other sectors that have displayed fewer annual opportunities in December ’23 include Production/Manufacturing, Automotive and Ancillary industries (-1%).

Customer Service, HR & Admin, and Marketing & Communications professionals lead the hiring trends

Customer service professionals witnessed a remarkable (26%) surge in hiring, primarily attributed to the continuous expansion within the BPO sector. To counter the impact of inflation, the Filipino government is taking intiatives to support and empower the workforce and entrepreneurs to reach their full potential. To sustain a robust economy, it is crucial to attract and retain top talent. Following closely, HR & Admin professionals experienced an (18%) increase, while marketing & communications professionals also made a noteworthy stride with a (17%) growth in hiring demand over the year.

Other functions to witness a subsequent increase in hiring activity in December ’23 include Purchase/Logistics/Supply Chain (+15%), Sales & Business Development (+4%), Engineering/Production/Real Estate (+4%), Hospitality & Travel (+3%) and Software, Hardware, Telecom (+6%). The only functionthat showcased a minute decrease in hiring in December ’23 was finance & accounts (-1%) . Meanwhile, Healthcare (0%) roles maintain a consistent but muted demand annually during the same period.

The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.

Period for the report

The period considered for the foundit Insights Tracker (fit) data is December 2022 Vs December 2023.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 75 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalized job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

To learn more, about foundit in APAC & Gulf,

Contact
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

R.T. Weatherman Foundation Facilitates Meeting Between U.S. Veterans’ Families and Congress

Washington, DC, Jan 19, 2024 – (ACN Newswire) – In a powerful and unprecedented effort, the R.T. Weatherman Foundation has organized meetings in Washington, D.C., between the families of American military veterans who lost their lives in Ukraine and members of the United States Congress. This meeting is part of a broader effort to advocate for continued support for Ukraine in its struggle against Russian aggression.

Andrew Duncan, co-founder of the R.T. Weatherman Foundation, emphasized the importance of this meeting. “We are beyond honored and privileged to bring our fellow Americans to Washington, D.C. They have sacrificed their health and the families have paid the ultimate sacrifice in defense of Ukraine and global democracy. Vladimir Putin is wounding and killing Americans. Putin must leave Ukraine now.”

The event highlights the personal stories and sacrifices of the veterans and their families. It underscores the urgency of the conflict in Ukraine and its impact on American lives. The families, sharing their experiences and the memories of their loved ones, aim to shed light on the real consequences of the war and the importance of continued support from the U.S.

The R.T. Weatherman Foundation, known for its commitment to supporting families affected by the conflict in Ukraine, believes this meeting is a crucial step in raising awareness and garnering further support for the cause. The Foundation will hold a press conference on Friday, Jan. 19, to discuss.

About the R.T. Weatherman Foundation:

The R.T. Weatherman Foundation is a nonprofit organization that stands in the center of turmoil, taking risks that others cannot. We are the last-mile convener. We uncover the gaps and bring together the skills and resources for precision delivery of lifesaving aid and the safe passage of children and families.

Contact Information

Meaghan Mobbs
President
meaghan@weathermanfoundation.org
7034020373

Tori Hill
Director of Strategy, Programs, and Outreach
tori@weathermanfoundtion.org
407-755-7584

SOURCE: R.T. Weatherman Foundation

View the original press release on newswire.com.

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

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

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

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

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

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

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

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

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

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

About National Stock Exchange of India Limited (NSE):

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

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

For any media queries please contact:

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

Email ID: cc@nse.co.in

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

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

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

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

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

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

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

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

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

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

Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:
– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)
– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g
– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

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

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

Figure 1. Section along the drill holes

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

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

Table 3. Drill Hole Data

Figure 2. Drill Plan

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

Scandium:

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

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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