Propel Global Posts 2Q Revenue of RM24.5 Million

KUALA LUMPUR, Feb 22, 2023 – (ACN Newswire) – Propel Global Berhad, a provider of oil and gas (O&G) services as well as downstream specialty chemicals to the O&G industry, today announced that the Group recorded a 3.81% gain in revenue to RM24.5 million for the second quarter ended 31 December 2022 (2Q FY2023) compared with RM23.6 million for the corresponding quarter in 2Q FY2022 from continuing operations.

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global

For the quarter under review, the Group registered RM2.59 million in profit before tax (PBT) compared with PBT of RM0.6 million from continuing operations. For the first-half period ended 31 December 2022 (1H FY2023), the Group registered 15.45% increase in revenue to RM42.6 million compared with RM36.9 million in 1H FY2022 while PBT increased to RM5.9 million compared with RM0.7 million.

On a segmental basis, the Group's O&G operations recorded a 35.29% increase in revenue to RM11.5 million in 2Q FY2023 compared with RM8.5 million in the corresponding quarter of the previous financial year while PBT increased to RM2.3 million from RM0.1 million. Under technical services, the Group registered 13.91% decrease in revenue to RM13.0 million from RM15.1 million while PBT for the quarter increased to RM2.8 million compared with RM0.7 million.

The increased sales for the O&G segment are mainly attributable to higher offtake of production chemicals and fulfilment of work orders for well services. The segment's increase in PBT is mainly due to higher margin contributed from radial cutting torch services. For the technical services segment, the lower revenue reported is mainly due to project completions of higher contract sum in preceding year corresponding quarter while PBT improved due to reversal of liquidated ascertained damages on a construction project of commercial buildings and margin contributed from access road construction project.

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global said, "The latest quarter's financial performance is good news for the Group as this is the second quarter of profitability and enables us to exit PN17 status soon. The focus on our strategies seeking opportunities to achieve better financial performance has paid off. The Group will continue to implement initiatives that will enhance our financial performance further."

"The outlook for the O&G industry is expected to be stable supported by crude oil price's decent recovery as this directly benefits businesses involved in exploration with positive spillover effect for others involved in O&G services."

Propel Global Berhad: 0091 [BURSA: PGB], https://www.propelglobal.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC welcomes 2023-24 Budget

HONG KONG, Feb 22, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2023-24 budget, which allocates additional funding of HK$550 million over five years to the HKTDC to help Hong Kong enterprises seize opportunities arising from the Belt and Road Initiative (BRI) and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development as well as tapping into emerging markets and stepping up global promotional efforts.

HKTDC Chairman Dr Peter K N Lam delivers opening remarks at the Asian Financial Forum 2023. HKTDC will organise mega events in Hong Kong, Mainland China and key overseas markets to attract investment and talents, creating business opportunities for the city.

HKSAR Chief Executive Mr John Lee led a week-long mission to the Middle East in February 2023, during which 13 MoUs were signed, including three MoUs for the HKTDC – with Abu Dhabi Chamber of Commerce and Industry, Dubai Chamber and Invest in Sharjah.

In the coming months, the HKTDC will organise more than 10 large-scale exhibitions and conferences in Hong Kong, welcoming many exhibitors and buyers from Mainland China and overseas.

HKTDC Chairman Dr Peter K N Lam said: "We are grateful for the support from the Financial Secretary. The HKTDC will fully support these measures to continue to strengthen Hong Kong's role as an international business centre, tell the good stories of Hong Kong and capitalise on the city's distinctive advantages of enjoying strong support from the Motherland, while being connected to the world. Covering a wide range of industries, the HKSAR 2023-24 budget facilitates Hong Kong's economic revitalisation and reflects the HKSAR Government's commitment to realise high-quality economic development. The HKTDC will work closely with the HKSAR Government to create new opportunities for different industries and help them capitalise on national development, enabling them to diversify and grow on the road to recovery."

Market expansion through HKTDC events

Dr Lam added that the HKTDC has been helping Hong Kong businesses expand to new markets over the years, especially the vibrant BRI countries, Regional Comprehensive Economic Partnership (RCEP) economies and GBA, and will continue to engage in a series of promotional activities to support growth aspirations of businesses.

These include product-focused SmartHK and product-focused ChicHK in the GBA in May, while we will promote the Hong Kong brand and its many advantages in Thailand in July with our Think Business, Think Hong Kong campaign.

In addition, the HKTDC will set up a Hong Kong pavilion in major trade events in Mainland China, such as the China International Consumer Products Expo in Hainan in April and China International Import Expo in Shanghai in November. The HKTDC will help local businesses explore emerging markets through business missions.

Promote high-quality development

The 2023-24 budget aims to promote high-quality economic growth that matches with national development strategies, focusing on areas, such as finance, sustainable development, innotech and biotech.

Dr Lam added that these are the Council's promotional focuses and will cover these elements in HKTDC's flagship events, including the Asian Financial Forum, the inaugural InnoEx, Asian Summit for Global Health as well as Belt and Road Summit and Asian Logistics, Maritime and Aviation Conference. The HKTDC will also cover green economy and sustainability in its SME support schemes.

Dr Lam concluded: "Reducing profits tax, extending the SME Financing Guarantee Scheme and enhancing the BUD Fund will help ease operational pressures of local businesses, especially SMEs. Driving development through innovation and technology and green transformation will help diversify our economy and support local businesses expand to new markets and seize new opportunities. The HKTDC will continue to play a pivotal role in Hong Kong's road to recovery."

Success stories
– E-commerce boom drives data demand https://hkmb.hktdc.com/en/p14wwkDp/tech-amp%3B-innovation/E-commerce-boom-drives-data-demand
– AI spots flaws in floors https://hkmb.hktdc.com/en/mtlENVFW/tech-amp%3B-innovation/AI-spots-flaws-in-floors
– Robots transform surgery https://hkmb.hktdc.com/en/1X0ALR1Q/tech-amp%3B-innovation/Robots-transform-surgery
– Gateway to growing Latin market https://hkmb.hktdc.com/en/2VZiy1mM/market-opportunities/Gateway-to-growing-Latin-market
– New play on pork https://hkmb.hktdc.com/en/8GfQR7g7/entrepreneurship/A-new-play-on-pork
– Photo Download: https://bit.ly/3jVDTxT

About HKTDC

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

Media enquiries
Please contact the HKTDC's Communication and Public Affairs Department:
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

QMC Receives Work Permit for Irgon Lithium Mine Project

Vancouver, BC, Feb 22, 2023 – (ACN Newswire) – QMC Quantum Minerals Corp., (TSXV: QMC) (FSE: 3LQ) (OTC Pink: QMCQF) ("QMC" or "the Company") has received a work permit from the Government of Manitoba for the Company's Irgon Lithium Mine Property. The Irgon Lithium Mine has a historical resource estimate of 1.2 million tons grading 1.51% Li2O over a strike length of 365 metres, to a depth of 213 metres. Currently, on surface, the strike length has been extended to approximately 800 metres and remains open along strike and to depth. A complete mining plant and 40-man camp were installed on site during 1956/57. The adjacent Highway 314, which transects the property, was specifically built for access to the historic Irgon mining operation. The mining plant was designed to process 500 tons of ore per day. The project has excellent infrastructure, being close to grid power, highway access to a processing facility 20km to the south and a major central railway system located in Winnipeg, Manitoba.

The initial focus of the proposed work program will be to carry out a field mapping and sampling program in order to extend the Irgon Dike beyond the known 800m strike length. The Company will then execute a channel sampling program across newly exposed mineralized outcrop sections of the Irgon Dike.

PROJECT HIGHLIGHTS:

– Historic Resource: Between 1953 and 1954, the Lithium Corporation of Canada Limited ("LCOC") reported a historical resource estimate on the Irgon Dike of 1.2 million tons grading 1.51% Li20 over a strike length of 365 metres and to a depth of 213 metres. This historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for LCOC (Manitoba Assessment Report No. 94932). This historical resource estimate is believed to be based on reasonable assumptions and both the Company and QP has no reason to contest the document's relevance and reliability.

– Existing Underground Development: During 1956/1957 a complete mining plant was installed, and since removed, on site designed to process 500 tons of ore per day and a three-compartment shaft was sunk to a depth of 74 metres. On the 61-metre level, lateral development was extended off the shaft for a total of 366 metres of drifting from which six crosscuts transected the dike.

– Excellent Historic Recoveries: Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.

– Excellent Local Infrastructure: The Irgon Property is transected by Manitoba Highway 314 with access to hydro, water, nearby rail head and is located only 20 kilometres north of the Sinomine Rare Metal Resources Group's TANCO Mine which is currently mining spodumene and producing a lithium concentrate on site.

– Pending NI 43-101 Report: A NI 43-101 technical report is nearing completion which will update the historical lithium resource to current NI 43-101 standards.

The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person and NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Daniel Leroux, P. Geo. who is a qualified person as defined by National Instrument 43-101.

About the Company

QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal resource properties of merit. The Company's properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company's properties are located in Manitoba.

On behalf of the Board of Directors of QMC QUANTUM MINERALS CORP.
"Balraj Mann"
Balraj Mann
President and Chief Executive Officer
604-601-2018

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Malaysian Genomics to Offer World’s First DNA-Driven Fertility Test

PETALING JAYA, Malaysia, Feb 22, 2023 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad, a leading genomics and biopharmaceutical specialist, today announced that the Group has signed a strategic collaboration agreement with Divine Genes Sdn Bhd to collaborate on business opportunities in relation to the improvement and international distribution of genetic tests for reproductive health.

Sasha Nordin, Chief Executive Officer of Malaysian Genomics Resource Centre Berhad

Divine Genes is an investment holding company with businesses in pharmaceutical product distribution, financial consultancy services as well as general merchandise and trading.

Under the strategic collaboration, Divine Genes' genetic test for reproductive health will be added to Malaysian Genomics' genetic test portfolio, which will market and distribute these tests in Malaysia and overseas. Both parties will also cooperate in improving the product.

En. Sasha Nordin, Chief Executive Officer of Malaysian Genomics said, "Decreasing fertility and birth rates are common across the world, and demand for reproductive medicine is growing in many countries. This new, pioneering DNA-driven fertility test can help reproductive health specialists and their patients make important decisions in support of improving the outcome of fertility treatments. This test will form a critical part of Malaysian Genomics' genetic screening portfolio of over 550 tests available across Southeast Asia and the Middle East where we have a presence."

Dr. Pawel Suwinski, Director of Divine Genes said, "This is a good opportunity for us to work with an organisation with the market reach, track record and platform to distribute our test. This collaboration is a good platform for both parties to leverage on each other's strengths in improving the product and expanding the market for the test."

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

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Samaiden Posts 36% Gain in Revenue to RM40 Million in 2Q

PETALING JAYA, Malaysia, Feb 21, 2023 – (ACN Newswire) – Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants registered a 36.28% rise in revenue to RM40.23 million for the second quarter ended 31 December 2022 (2Q FY2023) compared with RM29.52 million in the corresponding quarter of the previous financial year.

Group Managing Director of Samaiden, Ir. Chow Pui Hee

Samaiden recorded a 10.48% gain in profit before tax (PBT) to RM3.48 million in 2Q FY2023 compared with RM3.15 million for 2Q FY2022 while profit after tax (PAT) increased 14.60% to RM2.59 million compared with RM2.26 million.

For the first-half of the financial year 2023 (1H FY2023), revenue increased 52.14% to RM81.00 million compared with RM53.24 million in 1H FY2022 while PBT gained 14.77% to RM6.76 million compared with RM5.89 million. Samaiden's PAT increased 16.67% to RM5.04 million compared with RM4.32 million in the same period.

For the quarter under review, EPCC services contributed to approximately 99.45% of Samaiden's revenue. The remaining revenue came from energy asset investment, environmental consultancy and operation and maintenance.

Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "We see government initiatives encouraging the deployment of RE, particularly the launch of 600 megawatts (MW) Corporate Green Power Programme in last November which will drive the adoption of sustainability. In addition to that, the increase in electricity tariffs starting from January 2023 also serve as the catalyst for the RE industry development in Malaysia."

"Taken together, these initiatives and measures are opportunities that can be leveraged either to provide EPCC services for solar PV systems or to allow us to participate as an investor in all these solar assets. We will also continue to leverage on our core competency and experience to provide end-to-end services for potential solar PV and other non-solar projects. Nonetheless, we remain optimistic about investing in Southeast Asia, as many neighbouring countries are prioritizing energy transition as their key national objective. We are cautiously optimistic about Samaiden's performance for the remainder of FY2023.

Samaiden's total outstanding orderbook stood at RM269.54 million as at 31 December 2022 and is expected to contribute positively to revenue and profit over the next three years.

Samaiden Group Bhd: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Origen Resources Creates Advisory Board, Announces Financing

Vancouver, BC, Feb 21, 2023 – (ACN Newswire) – Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen"), a rapidly emerging lithium exploration and project generating company, is pleased to announce it has created an Lithium Advisory Board to assist in the further development of the Company. Origen welcomes Gabriel Pindar, Dr. David Shaw, Neil Stuart and George Cumplido as the founding members of this Advisory Board.

Mr. Gabriel Pindar was co-founder and COO of Neo Lithium, which was acquired by Zijin Mining for $960 Million. Neo Lithium's sole asset was the 3Q lithium carbonate project in Argentina, which is forecasted to start production at the end of this year. Previously he served as GM and Head of Projects for ArcelorMittal Group, Deputy Project Director for BHP's Olympic Dam Expansion, as well as senior Project Management roles for Fluor and Hatch.

Dr. David Shaw is a well-respected structural geologist and mining entrepreneur, with significant global lithium experience over the last 14 years, from exploration to production. Dr. Shaw served as Senior Mining Analyst for the Corporate Finance Group at Yorkton Securities from 1990 to 1996. During his tenure at Yorkton, he was involved in over $2 billion of capital market activity. Dr. Shaw was instrumental in the selection, acquisition and exploration of Talison Inc's lithium brine assets; Talison was acquired by Chinese lithium producer Tianqi in 2013 for $850 million. Dr. Shaw was also involved with First Majestic Silver from start-up in 2004 through to eight operational mines, he resigned as of 2019.

Mr. Neil Stuart is a highly-experienced geologist and founding director and Executive Chairman of Orocobre Limited (now Allkem Limited, current market capitalisation $8 billion) and was key to the acquisition and development of the Salar Olaroz Lithium mine in Argentina. Mr. Stuart was also the Founding Chairman of Oroplata Limited, whose Cerro Negro Project was taken over by Goldcorp for $3.5 billion. He has held numerous senior executive positions on Australian- and Canadian-listed companies.

Mr. George Cumplido was recently non-Executive director of Power Minerals, specifically focused on its Salta Lithium Brine Project in Argentina. Formerly Senior Commercial Manager for Rio Tinto and Chief Commercial Officer with ASX-listed Xanadu Mines Ltd, Mr. Cumplido has extensive experience managing resource projects from inception to production. Fluent in Spanish, Mr. Cumplido has also held senior positions with Vale, Mitsubishi and CSIRO, Australia's national science agency.

Gary Schellenberg, CEO of Origen, noted: "Origen now has a Tier 1 team to execute on its Los Sapitos Lithium Project in Argentina. As noted in our January 19 news, the Company is focusing all its exploration efforts on lithium, given forecasts of a massive shortage of lithium by 2030. I am pleased that our new Advisory Board members share my belief in the significant potential of Los Sapitos. The Advisory Board will be of immediate assistance to Dr. Thomas Hawkins, recently announced as Origen's Managing Director, and our technical teams of Coast Mountain Geological, Petra Gold Servicios SRL and Servicios Logisticos SRL."

Gary continued: "This advisory board will also add incredible value to Origen's on-going global search for lithium brine, clay and pegmatite opportunities in addition to Los Sapitos and our Newfoundland pegmatite belt. Our combined team has been investigating lithium for the last 13 years, including the Mariana Lithium Brine Project now operated by Ganfeng Lithium. I look forward to accelerating our progress with these distinguished advisors."

Los Sapitos Project Status

Origen's Los Sapitos Lithium Project is located in the northern part of the San Juan Province in Argentina. Discovered by Origen during a global search for lithium occurrences, the most prospective part of Los Sapitos consists of 26,962 hectares of contiguous exploration licences in San Juan Province, covering a Clayton Valley-style lithium occurrence. Clayton Valley brines are contained at depth in dipping aquifers controlled by faults and which have never formed a conspicuously visible salt lake like their Andean cousins. Notably, Abermarle's Silver Peak deposit only covers 2,000 hectares. Preliminary water sampling in Los Sapitos indicated lithium levels similar to some established lithium salars – as high as 390 mg/l (see news release dated October 13, 2021). This indicates that the inflow water and conditions of Los Sapitos are capable of developing lithium brines of potential interest. Ulexite (a boron evaporite mineral) has also been identified at Los Sapitos and indicates that concentrated boron-bearing brines have been present – an important indicator for lithium prospectivity. In 2023, Origen is planning gravity surveys, multiple geochemical programmes and airborne/satellite work, in order to identify drill targets for testing in Q4 of this year.

Financing

Origen is pleased to announce that that it has arranged for a non-brokered private placement (the "Private Placement") of up to 8 million units of securities of the Company ("Units") at a purchase price of $0.25 per Unit for aggregate gross proceeds of $2,000,000. Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one-half Common Share purchase Warrant. Each whole warrant will entitle the holder to purchase one additional Common Share (a "Warrant Share") at an exercise price of $0.40 at any time up to 18 months following issuance.

Proceeds will be used for the next phase of detailed exploration at the Company's Los Sapitos Lithium Project, and for general working capital. Insiders will likely participate in the placement and, as such, their participation in the Private Placement is a related-party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.

John Harrop, P. Geo., a Qualified Person as that term is defined in NI 43-101, has supervised the preparation, or approved the scientific and technical disclosure in the news release. Mr. Harrop is employed by Coast Mountain Geological Ltd. He is not independent of the Company as defined in NI 43-101.

About Origen

Origen is an exploration company engaged in generating, acquiring and advancing base, precious metal, and lithium properties. The Company is fully focused on its 100% interest in the Los Sapitos Lithium project in Argentina, and also holds a property portfolio of four 100% owned precious and base metal projects in southern British Columbia, a 100% interest in the 26,771 ha LGM project property in the mineral rich Golden Triangle of British Columbia, and a portfolio of investments from prior property joint ventures and sales.

On behalf of Origen,
Gary Schellenberg
CEO

For further information, please contact Gary Schellenberg, CEO at 604-681-0221.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press 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.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Southern Score Builders Posts RM59 Million Revenue in 2Q

KUALA LUMPUR, Feb 20, 2023 – (ACN Newswire) – Southern Score Builders Berhad (Bursa: SSB8, 0045), a provider of construction management services mainly for high-rise residential buildings, had announced today that the Group registered revenue of RM59.35 million for the second quarter ended 31 December 2022 (2Q FY2023).

Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin

The Group recorded a loss before tax (LBT) of RM0.43 million in 2Q FY2023. The LBT recorded was mainly due to a one-off reverse acquisition expense amounting to RM14.63 million incurred as part of the regularisation plan which was completed on 9 November 2022. If not for the reverse acquisition expense, the Group would have recorded a profit before tax (PBT) of RM14.2 million in 2Q FY2023.

Due to the regularisation plan, there is no comparison with the corresponding quarter of the previous financial year.

For the six months ended 31 December 2022 (1H FY2023), Southern Score Builders registered revenue of RM110.47 million and PBT of RM9.46 million. The Group would have registered PBT of RM24.09 million for 1H FY2023 if not for the reverse acquisition expense incurred under the regularisation plan.

The Group remains in a solid financial position to pursue its growth and expansion plans, with cash and cash equivalents balance at the end of 1H FY2023 amounting to RM108.22 million.

Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin said, "We are optimistic for the outlook of the Group based on the ongoing projects and the Group's potential to secure new projects in the coming quarters. We believe the growth momentum of the domestic construction sector will continue after having expanded 8.8% in 2022 according to the latest figures from the Department of Statistics Malaysia."

"The Group has participated in a number of public and private sector tenders and is also exploring opportunities in other projects that could yield long-term and sustainable revenue. The strategic focus remains expanding our construction services while leveraging on our expertise and business network. As part of the future plans, we are also venturing into the manufacturing of Industrialised Building System products as we see demand growing from the construction sector."

"Taking into consideration the Group's prospects, the Group is likely to achieve the targeted profit over the profit guarantee period which is a cumulative net profit guarantee of RM80.0 million over the three-year period from 2022 to 2024 provided by the vendor, Super Advantage Property Sdn Bhd under the regularisation plan. This guarantee is intact and well on target."

In a separate announcement to the stock exchange, the Group's Board of Directors declared an interim dividend of 1 sen per ordinary share for the financial year ending 30 June 2023 to be paid out on 18 April 2023 with an ex-date of 28 March 2023.

Southern Score Builders Bhd: 0045 [BURSA: SSB8], https://southernscore.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dennis Nguyen, Founder/Chairman/CEO of Nasdaq-listed Society Pass Inc (Nasdaq: SOPA) to Speak at NXT CX Summit Indonesia in Jakarta

SINGAPORE, Feb 20, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that company founder, chairman, and CEO Dennis Nguyen has been invited to serve as the keynote speaker at the 8th NXT CX Summit Indonesia to be held on Wednesday, 22 February 2023. The title of the conference is "Holistic Approach to Indonesia's Customer Transformation."

Mr. Nguyen is the Founder, Chairman and CEO of SoPa. He has been an investment banker and venture capitalist with more than 25 years of deal experience in the SEA, Greater China, US, EU, Korea and Middle East markets. He founded Society Pass in 2018 and led the company to its historical initial public offering on Nasdaq in November 2021, being the first Vietnam-based company to complete a traditional IPO outside of Vietnam. SoPa aims to transform the entire retail value chain towards a more digital future in SEA with SoPa's first-in-class loyalty, fintech and e-commerce ecosystem.

During the conference, Mr. Nguyen will talk about "Society Pass: Building the Next Generation Digital Ecosystem in Southeast Asia" at 10:45 am on Wednesday, 22 Feb 2023.

Event details:
Event: 8th NXT CX Summit Indonesia https://www.nxtcxsea.com/
Date: Wednesday, 22nd February 2023
Location: Hotel Indonesia Kempinski, Jakarta, Indonesia (In-person Conference)

About Society Pass Inc.

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

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

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

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

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Director-General of Investment Promotion visits Bangkok to promote Hong Kong’s business opportunities

HONG KONG, Feb 20, 2023 – (ACN Newswire) – The Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Stephen Phillips, today (February 20) started his duty visit to Bangkok as part of the latest efforts to promote Hong Kong's business opportunities.

Mr Stephen Phillips

During the visit, Mr Phillips will meet with potential start-ups and companies from fintech, transport, infrastructure and advanced manufacturing, tourism and hospitality, and consumer products sectors to discuss their plans of setting up or expanding in Hong Kong. He will also speak at the panel discussion on "Digital FDI & Innovation" at the World Association of Investment Promotion Agencies Asia Pacific IPAs Investment Conference and host two briefings for Thai start-up communities with specific themes on the latest development and initiatives of virtual assets in Hong Kong and the vibrant start-up landscape and opportunities in the city respectively.

Mr Phillips said, "Hong Kong is the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), China, and Asia more widely."

He added, "Hong Kong offers Thai companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the latest business environment in Hong Kong, and in particular, how they can use Hong Kong to seize opportunities, including those arising from the GBA."

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Hong Kong Investment Promotion Chief visits Bangkok to promote Hong Kong’s business opportunities

HONG KONG, Feb 20, 2023 – (ACN Newswire) – The Director-General of Investment Promotion at Invest Hong Kong (InvestHK) of the Government of the Hong Kong Special Administrative Region of the People's Republic of China, Mr Stephen Phillips, today (February 20) started his duty visit to Bangkok as part of the latest efforts to promote Hong Kong's business opportunities.

Mr Stephen Phillips