Japan’s finest alpine real estate rises at the 2023 PropertyGuru Asia Property Awards (Greater Niseko)

BANGKOK, THAILAND, Dec 12, 2023 – (ACN Newswire) – The 2023 PropertyGuru Asia Property Awards (Greater Niseko) today distinguished the companies catalysing the development of Japan’s foremost skiing destination.

The exclusive luncheon and presentation ceremony, hosted at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

In an exclusive ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, Apex Property triumphed as Best Developer, with wins for its developments Hanaridge and Hanacreek.

Hanaridge was distinguished as Best Housing Development (Greater Niseko) and Best Estate Housing Development while Niseko Kyo by Rooftop RE (Japan) Pte Ltd was named Best Condo Development (Greater Niseko) and Best Luxury Hotel Condo Development.

Niseko Kyo by Rooftop RE (Japan) Pte Ltd, Winner of the Best Condo Development (Greater Niseko)

Iconic Group accumulated wins for the projects Aura Niseko and Zia Niseko. Aki Niseko by Takuetsu Co., Ltd. also gained multiple winning titles.

Other winning projects were Hotel101-Niseko by Hotel101 Global Pte. Ltd.; Sushi Kato Setsu Niseko by Sushi Kato; and Ultimo Niseko by Blue Waves Group.

The 2023 Awards had 15 categories, including distinctions like the Best Property Management Portfolio, awarded to NISADE & The Luxe Nomad, and the Special Recognition for Public Recreation Facility, presented to the Niseko Area Mountain Bike Association (NAMBA).

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “I want to congratulate the awardees on their well-deserved recognition at the PropertyGuru Asia Property Awards (Greater Niseko). These award-winning companies have shown competence and creativity with their homes, hotels, condominiums, condotels, resorts, and assets, proving that the standards of real estate in Japan’s premier skiing destination continue to scale new heights.”

Apex Property wins Best Developer, the top honour of PropertyGuru Asia Property Awards (Greater Niseko) 2023

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “It is great to have seen the PropertyGuru Asia Property Awards expand their recognition of the diverse residential, hospitality, and investment properties on offer in Greater Niseko. With beautiful built spaces to match its natural wonders, Japan’s leading ski destination holds lasting appeal for international property seekers, and the Awards showcase the destination as well as its standard-setting developers.”

The independent panel of judges who determined the list of awardees this year consist of Eddie Guillemette, chairperson of the Greater Niseko awards and CEO, Midori no Ki (MnK); Acme Wu, marketing director, Niseko Tourism; Bill Barnett, founder and managing director, C9 Hotelworks; Greg Hough, managing director, Niseko Portfolio and Explore Travel Group; Minoru Okubo, representative director, ResortPropertyJapan Co., Ltd.; and Shigeru Uehara, director, Niseko Home Design, Ltd.

HLB upheld the fairness, transparency, and credibility of the selection process under the supervision of Paul Ashburn of HLB International Real Estate Group.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 2023 PropertyGuru Asia Property Awards (Greater Niseko) are supported by official magazine Property Report by PropertyGuru; media partners Bridges and Powderlife; supporting association Niseko Tourism; official courier partner Ezy Express; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS AND HIGHLY COMMENDED AWARDEES

2023 PropertyGuru Asia Property Awards (Greater Niseko)

DEVELOPER AWARD

Best Developer
WINNER: Apex Property

PORTFOLIO AWARD

Best Property Management Portfolio
WINNER: NISADE & The Luxe Nomad

DEVELOPMENT AWARDS

Best Luxury Hotel Condo Development
WINNER: Niseko Kyo by Rooftop RE (Japan) Pte Ltd

Best Value Hotel Condo Development
WINNER: Hotel101-Niseko by Hotel101 Global Pte. Ltd.

Best Resort Housing Development
WINNER: Aki Niseko by Takuetsu Co., Ltd.

Best Estate Housing Development
WINNER: Hanaridge by Apex Property

DESIGN AWARDS

Best Mixed Use Resort Architectural Design
WINNER: Zia Niseko by Iconic Group

Best Resort Housing Architectural Design
WINNER: Hanacreek by Apex Property
HIGHLY COMMENDED: Aki Niseko by Takuetsu Co., Ltd.

Best Hotel Condo Architectural Design
WINNER: Aura Niseko by Iconic Group
HIGHLY COMMENDED: Powder Loft Niseko by Hokkaido Hospitality Holding

Best Resort Housing Interior Design
WINNER: Aki Niseko by Takuetsu Co., Ltd.

Best Restaurant Design
WINNER: Sushi Kato Setsu Niseko by Sushi Kato

Best Resort Restaurant Design
WINNER: Ultimo Niseko by Blue Waves Group

BEST OF GREATER NISEKO AWARDS

Best Condo Development (Greater Niseko)
WINNER: Niseko Kyo by Rooftop RE (Japan) Pte Ltd

Best Housing Development (Greater Niseko)
WINNER: Hanaridge by Apex Property

SPECIAL AWARD

Special Recognition for Public Recreation Facility
WINNER: Niseko Area Mountain Bike Association (NAMBA)

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com;PropertyGuru Group on LinkedIn.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023

* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share*

* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 92 701 2510
E: piyachanok@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Nyan Zaw Aung (Jordan), Solutions Manager
M: +66 964 575088
E: jordan@propertyguru.com

Moderna Reviews its Environmental, Social and Governance (ESG) Progress and Ambitions at Second ESG Investor Event

Cambridge, MA, Dec 11, 2023 – (ACN Newswire) – Moderna, Inc. (NASDAQ:MRNA) today will provide an update on its Environmental, Social and Governance (ESG) strategy at its second ESG Investor Event. Building off its inaugural ESG Day in November 2022, the Company will highlight the year’s progress on its ESG journey and future work to further impact global health and protect the environment.

“Our mRNA platform science has benefited patients around the world and with that comes great responsibility as science alone will not solve the world’s greatest health challenges,” said Stéphane Bancel, Chief Executive Officer of Moderna. “We are committed to moving beyond the power of our technology – tackling enduring health disparities, engaging with our communities, and recognizing that human health and planetary health are intricately linked. We look forward to building on our substantial ESG progress to become the best version of Moderna.”

Moderna’s ESG strategy is articulated around five areas:

Medicines for Patients: Moderna is leveraging its platform for many medicines, from vaccines to protect hundreds of millions of people from common viruses for which no vaccines are available today, to several rare disease therapies with tremendous opportunity for impact. Within its clinical trials, Moderna believes a committed approach to offering equal healthcare accessibility is achievable and necessary. The Company is also committed to using its platform to help rapidly respond to the greatest public health threats, pursuing a pipeline of priority programs relevant for outbreak response and pandemic preparedness. Moderna has long prioritized strategic collaborations to benefit global health, including its partnership with The Coalition for Epidemic Preparedness Innovations (CEPI), and Moderna’s mRNA Access program, a collaborative effort that enables researchers around the world to utilize Moderna’s mRNA technology.

Environment: Moderna is progressing on its journey toward net-zero carbon emissions (Scopes 1 & 2) by 2030. The Company has advanced its overall environmental sustainability program, including through implementing its sustainability strategy, enhancing its disclosure of key performance indicators, submitting its first CDP Climate Change questionnaire, and initiating a climate risk and scenario analysis. These efforts support internal and external stakeholder expectations for sustainable operations and Moderna’s adaptation to a low-carbon economy.

Employees & Culture: Moderna consistently ranks as a top employer and achieves above benchmark scores on engagement, culture and belonging. Moderna continues to foster a culture where every employee can meaningfully contribute to the Company’s mission, an effort that serves to attract and retain the best talent. By living the Company’s values and mindsets every day, the Moderna team is not only advancing mRNA science, but also building an organization that cares deeply for patients, employees, the environment, and the community.

Community: Moderna is committed to having a positive impact on communities around the world. Moderna’s purpose-driven employees continue to exemplify the Company’s mission, with nearly two out of three employees participating in volunteering activities or contributing as part of Moderna’s newly instituted employee matching program. The Moderna Charitable Foundation continues to provide financial support to organizations and causes that promote public health, advance scientific education, and advocate for belonging, inclusion, and diversity.

Governance & Ethics: Moderna prioritizes accountability and transparency around its ESG efforts, including through the publication of its second annual ESG report and continued commitment to disclosing key metrics. Moderna has initiated an ESG materiality assessment, which includes broad stakeholder surveys, and is also leveraging AI to build a dynamic analysis of material topics.

“Delivering on our ESG ambitions is made possible by a strong culture that embeds the values of transparency, accountability and ownership at all levels of the organization,” said Shannon Thyme Klinger, Moderna’s Chief Legal Officer, Corporate Secretary and President of the Moderna Foundation. “The same determination that goes into our innovation carries over into our commitment to positively impact the communities in which we work and live.”

Webcast Information

To register for the live webcast of Moderna’s ESG Investor Event, visit https://moderna-esg-day-2023.open-exchange.net/registration. The archived webcast will be available under “Events and Presentations” in the Investors section of the Moderna website for one year following the call: https://investors.modernatx.com.

About Moderna

Moderna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.

Moderna’s mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by the Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: Moderna’s ability to leverage its mRNA platform for pandemic preparedness; Moderna’s commitment to achieving net-zero carbon emissions in its global operations for Scopes 1 and 2 by 2030; the potential of Moderna’s mRNA platform for addressing rare diseases and common viruses for which no vaccines are available today; and Moderna’s implementation of its environmental sustainability program. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release

Moderna Contacts
Media:
Chris Ridley
Vice President, Communications
617-800-3651
Chris.Ridley@modernatx.com

Investors:
Lavina Talukdar
Senior Vice President & Head of Investor Relations
617-209-5834
Lavina.Talukdar@modernatx.com

Igloo closes US$36M Pre-Series C fundraise with 50% valuation increase

SINGAPORE, Dec 6, 2023 – (ACN Newswire) – Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. Openspace and La Maison, who previously participated in Igloo’s Series B and Series B+ fundraises, also joined in, reaffirming their confidence in the company’s strong business fundamentals. Eurazeo invested through its insurtech fund focused on innovative technologies and business ideas disrupting the insurance industry, whilst Openspace’s investment in this round comes via its mid-stage fund, OSV+, which is focused on the Series C and D rounds of transformative technology companies in Southeast Asia.

Matthieu Baret, Managing Partner – Venture at Eurazeo shared: “We are thrilled to invest in Igloo with the insurer BNP Paribas Cardif. With our investments in China, Indonesia, India, and Singapore, we’re extending our footprint with the ambition to become a leading player in Asia.”

“We have been following Igloo for some time now and have been impressed with their evolution into a diversified insurance platform across channels and products. The insurance market in Southeast Asia is still very underpenetrated and we believe Igloo is in a strong position to help solve this by making insurance more easily accessible and understandable for consumers,” shared Albert Shyy, Managing Director, Eurazeo.

This latest round comes just 10 months after Igloo’s previous Series B+ fundraise led by BlueOrchard-managed InsuResilience Investment Fund II. In total, the company has raised US$100 million. Notably, Igloo’s Pre-Series C round closed at an increased valuation of 50 percent from its Series B+ round in 2022, as the company moves closer to profitability in 2024. Igloo is on track to double its 2022 Gross Written Premiums (GWP) at a low burn rate; its robust engineering core and data focus, the company’s path to profitability in 2024 is set.

“We’re always thrilled when the opportunity arises to keep investing in a company at the mid-stage that we’ve previously backed – and Igloo’s recent growth and steps towards profitability have given us further confidence in the business’s ability to capture and expand the insurance market in Southeast Asia,” said Jessica Huang Pouleur, Partner, Openspace Ventures. “Our team has been actively involved in working with Igloo to this point, and those existing relationships will enable us to seamlessly continue adding operational and commercial value as the business integrates, acquires, and strengthens capabilities.”

Asia’s insurance market is brimming with untapped potential, especially in emerging economies like Indonesia, Vietnam, and the Philippines. Despite the rising adoption of insurance, many remain underinsured. This vast, underserved demographic has caught the attention of investors, with companies like Igloo standing out due to their innovative approach to the evolving landscape in these markets – addressing pain points across the insurance value chain for insurers, sales intermediaries, retailers and consumers.

Igloo’s recent scores include two innovative offerings. In 2022, it launched Ignite by Igloo, a digital platform that enhances the productivity of sales intermediaries in Vietnam and Indonesia. Ignite by Igloo works with 22,000 sales intermediaries and agent partners and aims to close 2023 with 50,000 agents as it expands into other markets. In line with Igloo’s purpose of improving financial inclusion for underserved segments, over 60 per cent of Ignite by Igloo’s intermediary partners are female.

Another innovation for Igloo is its Weather Index Insurance, a pioneering blockchain-based parametric insurance for farmers. The product has drawn interest from partners in Vietnam and across Southeast Asia for its potential to greatly benefit the agricultural sector. Despite its novelty in a highly traditional sector, Weather Index Insurance has already been adopted by thousands of farmers since launching last November and covers 20,000 hectares of coffee and padi farms.

Igloo has facilitated over 500 million policies and aims to double its Gross Written Premium (GWP) from 2022. As of today, it has also actively established over 75 partnerships across six countries, expanding its product offerings to cover consumer finance, e-commerce, and logistics. In August 2023, Igloo was named ‘Insurtech of the Year’ by the Asia Fintech Awards.

The new funding will go towards both horizontal and vertical M&A opportunities – having added intermediary licenses across SEA this year, in addition to its license in Indonesia. It will also increase its workforce by 20% across engineering, commercial, strategy and insurance-focused verticals. On the product and value chain enhancement aspect, it looks to double down on motor, health, climate-related products, underwriting and claims digitization and AI and blockchain technologies.

Raunak Mehta, Co-Founder and CEO at Igloo, shared, “The support from our investors is a testament to Igloo’s steady growth and resilience amidst macro headwinds and a validation of our strategy. We are the only insurtech in Southeast Asia with a robust profit and loss (P&L) statement, a diverse multi-product portfolio, and an extensive distribution line.”

About Eurazeo

Eurazeo is a leading global investment group, with a diversified portfolio of €35.2 billion in Assets Under Management, including €25 billion from third parties, invested in around 600 companies. With its considerable private equity, private debt, real estate asset and infrastructure expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 400+ professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo. Eurazeo is listed on Euronext Paris.

About Openspace

Openspace is a leading Southeast Asian venture capital firm, finding and backing companies creating a transformative impact where tech meets life. It has 6 funds with $800M in committed capital and has 39 dedicated employees, including full-time specialists within the Portfolio Success team. It is co-headquartered in Singapore and Jakarta, with active offices in Bangkok, Manila and Ho Chi Minh City. Its portfolio of 40+ companies includes GoTo, Pick Up Coffee, Halodoc, Kredivo Holdings. www.openspace.vc

About Igloo

Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services. Recognised by the industry for its innovations and expertise in its space, Igloo was named ‘Insurtech of the Year’ in the 2023 Asia Fintech Awards. For more information, please visit https://www.iglooinsure.com/.

For Media Enquiries
PRecious Communications for Igloo,
igloo@preciouscomms.com

Atlas Lithium Fully Funded to First Production in 2024

Boca Raton, FL, Dec 4, 2023 – (ACN Newswire) – HIGHLIGHTS

– Direct investment at a premium into Atlas Lithium and offtake agreements for Phase 1 of Atlas Lithium’s battery grade spodumene concentrate production have been executed with two top lithium chemical companies, Chengxin Lithium Group and Yahua Industrial Group, suppliers of lithium hydroxide to Tesla, BYD, and LG, among others. Goldman Sachs served as financial advisor to Atlas Lithium in these transactions.

– Chengxin and Yahua have committed an aggregate of US$50 million to Atlas Lithium with US$10 million as equity at $29.77 per share (a 10% premium to recent VWAP) and US$40 million as non-dilutive prepayment in exchange for 80% of Atlas Lithium’s Phase 1 lithium concentrate production.

– With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

– The accelerated production timeline will be achieved by deploying modular DMS technology and contracting the initial crushing and mining operations with local third parties. The DMS plant for Phase 1 has already been designed and purchased; it is being constructed at an expert facility and will be air freighted into Brazil in 2024.

– Phase 1 annualized production targets up to 150,000 tonnes per annum (“tpa”) of battery grade spodumene concentrate by Q4 2024, with the offtake agreements announced today comprising 120,000 tpa in total and with each party receiving 60,000 tpa. Atlas Lithium’s planned Phase 2 aims to increase capacity to 300,000 tpa by mid-2025. Phase 2 capacity remains uncommitted.

– Atlas Lithium is well positioned to become one of the highest-quality, lowest-cost lithium producers in the world. DMS is an environmentally sustainable technology, and the Company’s project has strong support from the community where it operates.

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024. Atlas Lithium has estimated the total Phase 1 capital expenditures (“CAPEX”) to be US$ 49.5 million for the implementation of mining and production of spodumene concentrate at its lithium project in Brazil’s Lithium Valley. This CAPEX is now funded by the US$ 50 million secured from lithium industry leaders Yahua and Chengxin as described in this press release.

Offtake Agreements

The high quality of Atlas Lithium’s spodumene, further validated by extensive metallurgical test work, along with the project’s amenability to open pit mining and simple dense media separation (“DMS”) processing, generated robust interest from global parties looking to invest and partner with the Company. After a process which included project site visits from multiple parties, Atlas Lithium chose to partner with Chengxin and Yahua, two of the world’s largest lithium hydroxide producers. Atlas Lithium’s battery grade spodumene concentrate is a product tailored to be used in chemical conversion plants that will process it to lithium hydroxide, the next step in the processing of lithium towards eventual use in batteries. With excellent technologies, strong relationships with top-tier customers such as BYD (the largest global EV maker), Tesla (the second largest), and LG, among others, and a commitment to high-quality, sustainable lithium production, Chengxin and Yahua share Atlas Lithium’s vision to power the accelerating global transition to green energy. Furthermore, Atlas Lithium’s business development team did not want to rely on placing the Company’s product on the spot market as the vagaries of such approach are much less economically attractive than securing purchasing agreements with Tier 1 customers such as Yahua and Chengxin.

Shenzhen Chengxin Lithium Group Co., Ltd (“Chengxin”) was established in 2001 and is headquartered in Chengdu, China. It is listed on the Shenzhen Stock Exchange with a market capitalization of approximately US$2.8 billion. Chengxin’s core business is production and sales of lithium battery materials. The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal. At present, the Company has built a total production capacity of 72,000 tons of lithium chemicals in Deyang and Suining. Chengxin is currently building out new capacity of 60,000 tons of lithium chemical project in Indonesia which was expected to be completed by the first half of 2024. Chengxin’s main customers include BYD, CATL, LG Chemical and other industry leading enterprises.

Sichuan Yahua Industrial Group Co., Ltd (“Yahua”) was founded in 1952 and is headquartered in Chengdu, China. It is listed on the Shenzhen Stock Exchange with a market capitalization of approximately US$2.2 billion. Yahua is a diversified chemical company engaged in the production and sale of lithium chemical products among others. Yahua currently has an annual lithium chemical production capacity exceeding 70,000 tons, including industrial and battery grade lithium carbonate and lithium hydroxide. Yahua plans to expand its lithium salt production capacity to over 100,000 tons by 2025. Yahua’s main customers include CATL, Tesla and LG Energy Solutions.

Nick Rowley, Atlas Lithium’s VP of Business Development, said, “I had the opportunity to work with both Chengxin and Yahua during my time at Galaxy Resources (now Allkem). These two companies were among the top purchasers of product from Galaxy and integral to our success there as major offtake partners of the Mt Cattlin lithium mine in Western Australia. I am thrilled to have secured their support for Atlas Lithium which is now poised to become the next high-quality lithium concentrate producer in Brazil’s globally renowned Lithium Valley region.”

Marc Fogassa, the Company’s CEO and Chairman, added, “I am humbled by the robust interest multiple parties demonstrated in Atlas Lithium. Ultimately, we opted to partner with two exceptional firms that rapidly and proactively pursued this opportunity to fruition. The ability to become a lithium producer with minimal dilution to shareholders is a significant accomplishment. Securing strong customers with premier end-users is also pivotal to Atlas Lithium’s ambition to become a significant supplier of high-quality lithium. This announcement thus signals a watershed moment for Atlas Lithium’s pursuit of Tier 1 producer status.”

Details of the agreements described in the press release can be found on a Form 8-K which the Company has filed today with the Securities and Exchange Commission. The offtake agreements carry a 5-year term while allowing for early termination should Atlas Lithium undergo a change of control transaction. The Company considers that it received highly attractive pricing on the offtake agreements because of the quality of its spodumene and the credibility of its team. Pricing for the periodic sales of Atlas Lithium’s battery grade spodumene concentrate will be calculated by a formula based on the price of lithium hydroxide globally. The price of lithium hydroxide is defined by historical data for the import and export pricing in China, Japan and South Korea, as determined by major cathode makers.

Early-Revenue Strategy

With the well-delineated initial Anitta pegmatites and positive metallurgical test work results, Atlas Lithium’s technical team opted to expedite the production timeline for its 100%-owned Neves Project. The original target of 300,000 tpa of spodumene concentrate output remains on track for 2025 as Phase 2. However, the Company now targets to commence the initial production of up to 150,000 tpa of spodumene concentrate by Q4 2024. This accelerated production timeline will be enabled by deploying modular DMS technology and contracting initial crushing and mining operations. The total CAPEX until the initial production and revenues is estimated at US$ 49.5 million, which includes the modular DMS plant already purchased along with all civil construction and mining implementation work, and a contingency reserve.

To enable the accelerated production schedule, the Company will utilize modular DMS processing plants, a design and approach not yet utilized in lithium processing in Brazil, and which allows for expedited construction. Figures 1 and 2 show the overall design for Atlas Lithium’s modular plant, with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate. The first two DMS modules for Phase 1 are currently under construction with an estimated delivery date to Brazil by April 2024.

Figure 1 – Atlas Lithium’s designed modular DMS plant with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate.

Figure 2 – Rotated view of Atlas Lithium’s designed modular DMS plant design with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate.

Mine development has also progressed significantly, with well-defined ore bodies that have enabled the Company to develop a comprehensive mining schedule. The geological modelling team has completed a detailed block model of the initial pit area, which has facilitated the design of an optimal open-pit outline by outside consultants. The initial mining plan is focused on the Anitta 2 and 3 pegmatites with Figure 3 illustrating the cross-section with an overlying pit shell for Anitta 2, the location of the starting open-pit mine. The processing plant and Anitta 2 open-pit layout can be seen in Figure 4.

Figure 3 – Cross-section with an overlying pit shell for Anitta 2, the location of the first open-pit mine.

Figure 4 – Neves Project processing plant and Anitta 2 open-pit layout

In parallel with its accelerated effort to commence production in 2024, the Company continues an aggressive exploration drilling campaign, with most rigs operating around the clock. The exploration campaign has recently revealed several promising new pegmatites, with numerous targets still untested (Figure 5). Under the technical leadership of James Abson, Atlas Lithium’s recently hired Chief Geology Officer, the Company is targeting the release of a Maiden Resource Estimate in Q1 2024, conjointly with its first Preliminary Economic Assessment. In the interim, certain technical areas are being advanced to allow issuing a Definitive Feasibility Study in Q2 2024, to be designed around the Phase 2 production target of 300,000 tpa of battery grade spodumene concentrate.

Figure 5 – Six new and promising target areas (designated as Target Areas 1 through 6) within the Neves Project, complementing the four confirmed pegmatite bodies with spodumene mineralization (designated as Anitta 1 through 4).

Overall, the Company’s core strategy remains committed to strong ESG principles. Atlas Lithium is focused on sustainably producing premium spodumene concentrate, including plans to maximize water recycling, employ 100% dry stacked tailings without dams, avoid hazardous chemicals in flotation during the lithium concentration process, and planning to utilize renewable energy sources for power. Additionally, the Company continues building public and private partnerships to spur development in the Jequitinhonha Valley region and takes pride in serving as a sustainable job creator benefiting local communities.

About Atlas Lithium Corporation

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

Safe Harbor Statement

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

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

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

MOU Partnership Signed between Organisers of Bali International Airshow and Angkasa Pura I

DENPASAR, Indonesia, Dec 1, 2023 – (ACN Newswire) – A Memorandum of Understanding (MOU) has been signed between Indonesian state-owned enterprise PT Angkasa Pura I I Gusti Ngurah Rai International Airport – Bali and PT Inaro Tujuh Belas for the use of Ngurah Rai International Airport facilities for Bali International Airshow. This MOU and partnership will allow Bali International Airshow organisers, PT Inaro Tujuh Belas, to utilise the hangar and south apron of Ngurah Rai Bali International Airport as the official venue for Bali International Airshow 2024.

Mr. Jodi Mahardi (Deputy of Maritime and Energy Sovereignty Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia), Mr. Andy Wismarsyah (President Director of PT Inaro Tujuh Belas), Mr. Handy Heryudhitiawan (General Manager of I Gusti Ngurah Rai International Airport) and I Kadek Mudarta. [L-R]

With the potential and necessity for air transport in Indonesia as an archipelago, Bali International Airshow is expected to utilise this opportunity to continuously grow until the foreseeable future. This will render Bali International Airshow the ability to develop into a must-attend event in the global airshow calendar.

The partnership between both parties was signed off between Mr. Handy Heryudhitiawan, the General Manager of I Gusti Ngurah Rai International Airport and Mr. Andy Wismarsyah, the President Director of PT Inaro Tujuh Belas on 28 November at the General Aviation Terminal (GAT) South Apron of I Gusti Ngurah Rai International Airport. The MOU signing ceremony was witnessed by Mr Jodi Mahardi, the Deputy of Maritime and Energy Sovereignty Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia. Also in attendance were Mr Renaud Hamaide (Chairman and CEO of Comexposium), Ms Elaine Chia (CEO Asia Pacific Comexposium), Danny Budiharto (Chairman of Amara Group) and Seno Damono (COO of PT Inaro Tujuh Belas).

“As we edge closer to the 2024 Bali International Airshow to be held in September 2024, this important milestone highlights a big step in the preparations for the event. This MOU also highlights great support for the airshow by various government bodies, including PT Angkasa Pura I,” said Mr. Wismarsyah.

The Bali International Airshow 2024 is a collaborative endeavour involving the whole of Indonesia government, comprised of Indonesian Ministries and government agencies which include the Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defence, Ministry of Tourism and Creative Economy, Ministry of Transportation, Ministry of State-Owned Enterprise, Indonesian Air Forces, and PT Angkasa Pura I.

“The MOU between PT Angkasa Pura I and PT Inaro Tujuh Belas becomes a momentum to ensure the readiness of the preparations for Bali International Airshow next year. We, as the airport manager, will ensure this event can happen smoothly alongside ongoing flight operations. This will also be a great opportunity to introduce Indonesia at the global stage to participants who will be attending the airshow as delegates and visitors, and we are proud to be a part of it,” added Mr. Heryudhitiawan.

The Bali International Airshow is Southeast Asia’s premier exposition for aerospace, aero technology, and defence, dedicated to propelling Indonesia to the forefront of the regional aerospace industry. This prestigious event will serve as a pivotal platform that unites diverse industry stakeholders to champion innovation in aerospace across Southeast Asia and Indonesia.

Hosted by the Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defense and the Ministry of Transportation, and supported by the Ministry of Foreign Affairs, the Ministry of Tourism and Creative Economy, the Indonesian Air Forces (TNI AU), PT Angkasa Pura I, AirNav Indonesia and the Ngurah Rai International Airport Authorities, the Bali International Airshow signifies Indonesia’s unwavering commitment to excellence in the aerospace sector.

The event will encompass a total area of 85,000 sqm, consisting of a static aircraft display area covering more than 70,000 sqm and an exhibition hall spanning approximately 14,000 sqm.

The event will also bring together more than 300 participating companies and more than 100 hosted delegations from over 35 countries and regions, and will also have 10 country pavilions on display.

MEDIA CONTACTS:
Jose Raymond
M: +6591478040
E: jose.raymond@swstrategies.org

About Bali International Airshow

The Bali International Airshow 2024 aims to be Southeast Asia’s most eminent international exposition for aerospace, aero technology, and defense. With a dedicated focus on propelling Indonesia to the forefront of the regional aerospace industry, this prestigious event serves as a pivotal platform that unites diverse stakeholders within the industry, championing aerospace innovation in Southeast Asia and Indonesia.

Hosted by The Coordinating Ministry for Maritime and Investment Affairs, the Ministry of Defense and the Ministry of Transportation and supported by the Ministry of Foreign Affairs, Ministry of Tourism and Creative Economy, Indonesian Air Force (TNI AU), and Ngurah Rai International Airport Authorities, the Bali International Airshow 2024 is a collaborative effort that signifies Indonesia’s commitment to excellence in the aerospace sector. The Bali International Airshow 2024 is scheduled to take place from September 18 to 21, 2024. For more information, visit www.BaliAirshow.com

Doubleview Gold Corp Provides End of 2023 Exploration Update at the Hat Polymetallic Project

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce the successful completion of its 2023 exploration and drilling program at the Hat Polymetallic Project situated in the Golden Triangle of British Columbia.

Key achievements of the 2023 exploration program:

Scope and Targets: The comprehensive program successfully covered all intended work programs and explored designated targets. Notably, this marked the largest work program to date at the Hat project.

Main Objective: The primary focus of the 10,500-meter diamond drilling exploration program was to examine the dimensions and characteristics of Copper, Gold, Scandium, and Cobalt mineralization within the Main Lisle Zone of the Hat deposit and its environs. The deposit remains open in all directions.

Sample Analysis: In the current season, 5,220 samples, weighing 25.5 tonnes, were shipped to ALS laboratories, a fully accredited and globally recognized facility in North Vancouver, British Columbia, Canada.

Connecting Deposit Envelopes: A key objective was to enhance connectivity between the deposit envelopes of the Main Lisle deposit and surrounding volumes, creating a cohesive united mass.

NI 43-101 Maiden Resource Estimate: The final achieved and explored volume will serve as the domain envelope for the NI 43-101 maiden resource estimate, anticipated to be disclosed in Q1, 2024.

Budgeting and Cost Controls: Exploration expenses in NW, British Columbia have increased rapidly in recent years. Maintaining tight controls on costs was a key focus of management for the 2023 exploration season. The company drilled approximately 10.500 meters for an estimated %40 of the industry standard costs for a similar drilling campaign.

Farshad Shirvani, President, and CEO stated, “It has been a tremendous year for Doubleview Gold Corp. Accomplishing many goals for the Hat Deposit, our projections reveal significant potential for lateral and depth extensions of this copper-gold deposit, enriched with cobalt and scandium. Importantly, the drilling and exploration program adhered to our projected budget.”

Assay Results:

Assays are being received on a continuous basis and will be published as they are received and verified.

Doubleview maintains a website at www.doubleview.ca.

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

About Doubleview Gold Corp

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

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

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

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

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

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189250

Hektar REIT and University of Reading Malaysia Forge Transformative Partnership for Educational Excellence and Community Development

KUALA LUMPUR, Nov 30, 2023 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is delighted to announce a collaboration with the University of Reading Malaysia. In a strategic move underscoring Hektar REIT’s commitment to community development, a memorandum of understanding (MOU) has been signed with the University of Reading Malaysia, specifically targeting students from the Henley Business School. This collaboration emphasizes Hektar REIT’s recognition of education as a foundation for building stronger communities.

Sabrina Halim, General Manager, Business Development & Strategy and Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd.; Professor Wing Lam, Provost and CEO of University of Reading Malaysia, and Professor Teck Yong Eng, Professor of Business Enterprise & Analytics, Head of Henley Business School Malaysia[L-R]

This partnership aligns with Hektar REIT’s dedication to supporting educational endeavours and fostering a well-rounded talent pool essential for societal progress and industry readiness. The initiative encompasses various forms of support for students, such as bursaries, cash rewards for high-achieving individuals, as well as opportunities for internships and placements. Through these efforts, Hektar REIT aims to make a positive impact by fostering the growth of the next generation of professionals and leaders.

ED & CEO of Hektar Asset Management Sdn Bhd

Hektar REIT plans to offer practical opportunities for students through internship programs, allowing them to gain valuable hands-on experience. This is in line with Hektar REIT’s goal to bridge academic learning with real-world applications, ensuring students are well-prepared for their future careers. Additionally, Hektar REIT is looking forward to introducing Graduate Trainee Programs at a later stage, further enriching the students’ professional development.

En. Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. expressed his views on this initiative, “We are excited about this collaboration with the University of Reading Malaysia. Our collaboration exemplifies our commitment to ESG values. By harmonizing business operations with sustainability, we aim to set a precedent for responsible corporate practices that benefit both our stakeholders and society at large. It is indeed an opportunity for us to contribute to the growth and development of young minds. This aligns perfectly with our goal to achieve business success and play a role in nurturing future talent and giving back to the community. Through education and practical learning experiences, we believe we can make a positive impact on society. Together, we aspire to cultivate a generation of responsible professionals and contribute to the betterment of society.”

This collaborative effort is part of Hektar REIT’s broader strategy to integrate business operations with sustainable and socially responsible practices. Hektar REIT stands at the forefront of a paradigm shift, recognizing the imperative to integrate ESG principles into the core of its operations. This collaboration with the University of Reading Malaysia serves as a testament to Hektar REIT’s proactive approach to balancing business objectives with a genuine commitment to societal welfare.

IMA Launches Certification Focused on Foundational Financial and Managerial Accounting Knowledge

SINGAPORE, Nov 30, 2023 – (ACN Newswire) – IMA® (Institute of Management Accountants), the worldwide association of accountants and financial professionals in business, today announced the launch of a new foundational certification in the accounting and finance profession. The FMAA™ (Financial and Managerial Accounting Associate) instills the fundamental knowledge and competencies in accounting and finance, allowing professionals early in their careers to showcase their expertise to employers and build a foundation to expand their skills.

“The FMAA provides a flexible and practical path for individuals who want to prove their ability to speak the language of business with current and future employers,” said Mike DePrisco, president and CEO of IMA. “As knowledge of accounting fundamentals becomes more critical for businesses and coupled with the shortage of professionals pursuing accounting and finance careers, the FMAA minimizes traditional barriers to entry and opens opportunities to others from across other professions and industries.”

Emphasizing the FMAA’s foundational role in the region, Josh Heniro, Ph.D., Managing Director at IMA Asia Pacific, said, “The FMAA represents a pivotal starting point in the accounting and finance profession in Asia Pacific, catering not only to those embarking on their careers but also to those in mid-career transitions seeking a foundational understanding. This certification imparts essential skills and concepts, making it a valuable tool for professionals at different points in their careers. Beyond these foundational aspects, the FMAA also establishes a framework for ongoing growth and professional development through continuous education.”

Those who acquire the FMAA will build knowledge in five content domains: general accounting and financial management, financial statement preparation and analysis, planning and budgeting, cost management and performance metrics, and professional ethics. The two-hour exam includes 80 multiple choice questions. The FMAA has no prerequisites to pursue the certification.

“The FMAA is an innovative opportunity for professionals to acquire essential accounting and finance skills for everyday use in the workplace,” said Ella Suponitskiy, CMA (U.S.), CPA, CAE, vice president, certification, at IMA. “With its accessibility to all business professionals, regardless of educational background, the FMAA is the perfect entry point into the accounting and finance profession. The FMAA allows individuals to start their careers with impact as certified professionals.”

Registration for the FMAA will open in January 2024 for the initial testing windows of March 2024 in English and May 2024 in Chinese. Exams will take place globally at Prometric testing centers.

For more information about the FMAA, visit https://www.imanet.org/FMAA-Campaign.

About IMA (Institute of Management Accountants)

IMA is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the U.S. CMA® (Certified Management Accountant), CSCA® (Certified in Strategy and Competitive Analysis), and FMAA™ (Financial and Managerial Accounting Associate) certification programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its six global regions: The Americas, China, Europe, Middle East/North Africa, India, and Asia Pacific. For more information about IMA, please visit www.imanet.org.

Media contact:
Sunantha Huang
Tel: +65 6493 3113 / +65 6909 5647
Email: sunantha.huang@imanet.org

Acrometa Posts Record Revenue of S$69.5 Million for FY2023, Continues to Pursue New Opportunities in Co-Working Lab Space Business

SINGAPORE, Nov 29, 2023 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced its financial results for the 12 months ended 30 September 2023 (“FY2023”).

The Group’s revenue for FY2023 saw a 12% increase to S$69.5 million, a historical high for the Group, primarily attributed to the Engineering, Procurement and Construction (“EPC”) segment’s strong performance. Gross profit increased by 19% from S$9.8 million for FY2022 to S$11.7 million for FY2023, while gross profit margins improved from 15.7% for FY2022 to 16.8% in FY2023.

The Group’s continuing operations comprising of its specialist EPC and maintenance segments recorded a profit of S$2.2 million on the back of a 10.8% growth in revenue from S$62.3 million for FY2022 to S$69.0 million for FY2023. However, the operating environment remains challenging amidst increased operational costs in energy, labour, and materials as a result of inflationary pressures in the global economy.

In May 2023, the Group ventured into the co-working laboratory space segment through the acquisition of Life Science Incubator Pte Ltd (“LSI”), which currently manages a 6,500 sqft co-working laboratory space at The German Centre, Singapore. Under the Group’s leadership, LSI has made significant inroads with new partnerships across Singapore, Australia, and China for new co-working laboratory space projects, reflecting the Group’s continued efforts to broaden its revenue stream and capture new regional opportunities.

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

“We will continue our current focus on expanding the laboratory construction and co-working laboratory space businesses, both of which are currently cash flow positive with promising long-term prospects amidst an encouraging flow of business opportunities and projects in the last twelve months.”

The Group’s co-working laboratory space segment contributed positively to AcroMeta’s FY2023 results and will be developed as a new engine of growth for the Group’s business moving forward.

While the Group’s continuing operations delivered a profit of S$2.2 million, the Group reported a net loss attributable to owners of S$7.5 million in FY2023 due to the one-off impairment and provisions. Excluding these, the net profit would be S$2.3 million compared to FY2022 net profit of S$2.9 million.

The one-off impairment and provisions relating to discontinuing operations related to renewable energy business are based on historical expenditure and have minimal impact on the Group’s ongoing cashflow. The Group’s net asset value remains positive at S$2.6 million or 0.93 cents per share as at 30 September 2023 while the Group’s cash and cash equivalents are stable at S$4.4 million as at 30 September 2023 as compared to S$4.1 million as at 30 September 2022. The proposed subscription of 12,500,000 shares in the capital of the Company for S$0.5 million, announced in November 2023, is expected to further strengthen the Group’s financial resources.

While renewable energy business is fundamentally promising, the Covid-19 pandemic’s impact on construction as well as regulatory changes meant that the project would continue to require financial support and affect the Group’s allocation of resources. The Group’s prudent step to place Neo Tiew Power Pte. Ltd. (“NTP”), a loss-making indirect subsidiary, under Creditors’ Voluntary Winding Up will enable optimal allocation of resources as the Group continues to progress forward with its specialist engineering and co-working laboratory space business.

This press release should be read in conjunction with the financial statements released by AcroMeta Group Limited today.

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.

Mette Johansson Launches Empowering Book on Dispelling Workplace Myths Hindering Women’s Advancement, “Narratives: The Stories That Hold Women Back At Work”

SINGAPORE, Nov 29, 2023 – (ACN Newswire) – Renowned for her advocacy for gender equality, author Mette Johansson introduced her groundbreaking book, “Narratives: The Stories That Hold Women Back at Work,” amidst a captivating launch event at One Raffles Quay, North Tower, Singapore. Published by Penguin Random House SEA this thought-provoking piece confronts suppressed workplace realities, unraveling misconceptions surrounding crucial topics such as the gender pay gap, women’s roles in leadership, and the challenges working mothers face. Mette’s previous works include “How to Make Yourself Promotable: 7 Skills to Help You Climb the Career Ladder,” and she was also a co-author and ideator of ‘Unleash Your Voice: Powerful Public Speaking for Every Woman,’ both of which ranked among Amazon’s bestsellers. Mette Johansson, for almost two decades, has worked in leadership roles for multinational corporations across Asia and Europe before she founded MetaMind Pte Ltd. This training consultancy supports clients in developing tailored learning journeys in the “people side of leadership skills.” Clients include large MNCs such as Citibank, Microsoft, and UPS, as well as mid-sized ones.

**Embarking on a Journey of Narratives: Mette Johansson, Author (Center Stage), Unveils her Book Surrounded by Visionaries and Influential Minds.**

Through a compelling blend of personal anecdotes, enlightening interviews with female leaders, and actionable remedies, Johansson challenges the pervasive narratives that hinder women’s career advancement. Her work calls for action, empowering women and organizations to reshape workplaces into equitable environments.

“Narratives” delves into ten persistent myths that perpetuate gender stereotypes and limit women’s opportunities. Johansson shatters these myths by amplifying the voices of successful female entrepreneurs and leaders, including Lakshmi Murlidharan, Dalia Feldheim, Rashmi Dalai, Caroline Farberger, Sheryl Sandberg. Shirley Tee and Priya Sharma.

“Women’s advancement in the workplace is not just a women’s issue; it’s a societal imperative,” asserts Johansson. “My book serves as an urgent call to action for the creation of equitable workplaces. I implore readers to reconsider and reshape their workplace environments to foster greater equity and inclusion. The time is now to transform and adapt our professional world, ensuring that women can not only succeed but also thrive.”

The book’s unique selling propositions include:

Confronting Workplace Realities: Johansson fearlessly tackles the unfiltered truths about workplace gender dynamics.
Amplifying Female Narratives: The book provides a platform for female leaders to voice their experiences and challenge gender narratives.
Thought-Provoking Narratives and Actionable Remedies: Johansson presents real-world accounts and practical solutions to dismantle harmful myths.
Illuminating Truths Through Narratives: The book enriches the understanding of gender dynamics in the workplace.
Call to Action for Equitable Workplaces: Johansson urges readers to reconsider and reshape workplaces into more equitable environments.

Nora Nazerene Abu Bakar, Publisher, Penguin Random House SEA quips, “Narratives emerge as an indispensable resource, offering a compelling pathway for challenging prevailing gender stereotypes and fostering inclusivity within workplaces. It is a potent catalyst, equipping women with invaluable insights to navigate career hurdles and enabling organizations to champion a more equitable future.”

Let us grab the copy at https://shorturl.at/cFLVZ.

Media contact:
Ganesh Somwanshi
Founder- Mett.AI
www.mettai.world
ganesh@mettai.world