Society Pass (Nasdaq: SOPA)’s NusaTrip Opens Regional Office in Singapore to Service Booming Rebound in Southeast Asia Travel Market

SINGAPORE, Jan 4, 2023 – (ACN Newswire) – NusaTrip, Indonesia's first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq: SOPA), today announces the opening of its first regional office in Singapore and first office outside of Indonesia. The office opening positions NusaTrip as the travel platform of choice for travelers desiring access to the booming recovery of Southeast Asia's (SEA) tourism industry and reflects NusaTrip's commitment to developing a wider range of marketing and commercial partnerships with airlines, hotels, and tourism boards. Customers in Singapore can now directly book flights and hotel rooms and pay in local currency on NusaTrip.com's dedicated website for Singapore travelers.

"Singapore's strategic location at the center of Southeast Asia (SEA) make it a preferred destination for travelers from around the globe. Ranked the third busiest airport in the world by Skytrax, Singapore's Changi Airport (IATA: SIN, ICAO: WSSS) plays an important and strategic role in SEA's travel, tourism, and hospitality industry. The presence of NusaTrip in Singapore is only the beginning of many significant advancements to come. It is an important step toward increasing our accessibility and credibility among our key stakeholders in SEA", said NusaTrip's CEO, Johanes (Joe) Chang.

Leveraging SEA's soaring momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. According to the World Travel & Tourism Council's "Travel & Tourism Economic Impact 2022" report, the Travel & Tourism GDP in Asia-Pacific is forecasted to grow at an average annual rate of 8.5% or twice the 4% growth rate for the regional economy. Against this backdrop, NusaTrip expects to significantly add to its supply of hotels beyond the current 200,000 registered hotels on its platform. NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed, Indonesia-based online travel agency serving both local and global customers and partners by optimising cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please review: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a next generation, 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.

Society Pass 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, premium digital advertising network; 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; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a premier online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please review the following online information which is not part of this press release:
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:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip/Society Pass ID PR Representatives
Elisabeth (elisabeth.winiartati@gmail.com | +62813375150220)
Angga (anggahadi@gmail.com | +6281213858388)

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

Bintai Kinden Expands Further into O&G

PETALING JAYA, Malaysia, Jan 3, 2023 – (ACN Newswire) – Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's 51%-owned sub-subsidiary, Bintai Energy Sdn Bhd ("BESB"), has been awarded a series of subcontracts by Petro Flanges & Fittings Sdn Bhd (PFF) and various customers recommended by PFF, involving the supply of high-grade carbon steel/stainless steel piping, valves and piping accessories to various oil and gas (O&G) businesses valued at RM4.0 million.

Executive Director of Bintai Kinden, En. Azri Azerai

The value of accumulated subcontracts secured through PFF in which BESB is the identified special purpose vehicle for the supply of materials to the O&G industry is now RM12.9 million. PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.

In a separate announcement, the Company is also pleased to note that BESB has received approved licenses as dealers of instrumentation cables and general cables in relation to power and control from Petronas. The licenses are effective from 11 August 2022 to 10 August 2025.

Bintai Kinden also announced that BESB is partnering Puncak Logam Sdn Bhd (PLSB), whose principal business is the trading and marketing of goods, to ensure faster delivery time of products to clients through storing its products, which includes pipe, fittings, flanges, gaskets, stud bolts and structure materials and any other goods in PLSB's facility while enabling PLSB to source for purchasers in Malaysia for these products.

En. Azri Azerai, Executive Director of Bintai Kinden said, "The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business. This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia. We are now expanding into Indonesia through a local partner in the country. We are also delighted with the award of the licenses by Petronas enabling us to supply products and services to O&G businesses in Malaysia. This will certainly be a boost to our O&G arm."

En. Nuraiman bin Shaiful Annuar, Director of Bintai Energy said, "The partnership with PLSB is strategic to the growth of our O&G-related business because we believe logistics will be important in the supply-chain. It will ensure that products get to clients faster and also at the same time, PLSB will help us to market the products in Malaysia."

En. Amli Mohamed Amin, Managing Director of PLSB said, "Our partnership with BESB ensures that there are always an inventory of O&G products on-hand that can be shipped out to clients. Given the uncertainties related to the global supply chain, our facility offers a stock of ready supply while at the same time, we can help market these products through our network of clients."

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

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

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Acquires More Media, Indonesia-based Digital Design and Branding Agency

SINGAPORE, Dec 28, 2022 – (ACN Newswire) – Thoughtful Media Group Inc ("Thoughtful Media" or "TMG"), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of More Media, a leading Indonesia-based creative design and branding agency. The More Media acquisition extends TMG's social commerce and influencer advertising business reach beyond Thailand and Vietnam and into the booming Indonesia digital advertising sector.

Founded in 2021 as an international caliber design and branding agency serving up-and-coming Indonesian companies in the beauty, F&B, e-commerce and logistics sectors, More Media has grown its client base through quick deployment of value-added services and understanding of the local market tastes. With its focus on storytelling and providing end-to-end branding services, More Media has onboarded a diverse roster of clients such as Langsre, Emilia, Kei Dining, and Allino. Post acquisition, More Media is re-branded as Thoughtful Media Indonesia with its Co-Founder, Eugenia Agnes Gusti, appointed as VP of Business Development for Thoughtful Media to drive sales and onboard Indonesia clients onto the regional TMG digital advertising platform.

Mr. Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer/TMG Chairman, exclaims, "We are so excited to welcome Eugenia Agnes Gusti, Ursula Michelle and the rest of the More Media into our ever-expanding TMG platform. More Media seamlessly blends into our product and geographical growth strategy for TMG as we enter yet another leading SEA market. By combining More Media's market leading design and branding capabilities in Indonesia with TMG's social commerce and influencer advertising focused MPN, we leverage our storytelling capabilities and amplify SoPa's upcoming loyalty offering. And with this acquisition, TMG now operates in Thailand, Vietnam and Indonesia. Since SoPa acquired TMG back in July 2022, TMG has grown from strength to strength with headcount growing from a dozen professionals to over 30 staff in just a matter of months. As we enter Singapore, Philippines, and Malaysia markets in 2023, TMG is uniquely positioned to be the premier SEA regional digital advertising agency offering a significant value proposition for advertisers, merchants and influencers in SEA's biggest economy."

According to Influencer Marketing Hub, the influencer advertising market grew to US$16.4 billion in 2022 and the value of social commerce sales growing to US$958 billion in 2022. And according to Strategic Market Research, with Asia representing 70% of the market, the global social commerce market size is expected to reach US$7 trillion by 2030, representing a CAGR of 30% from 2021. Well-positioned to benefit from these growth forecasts, Indonesia's digital advertising revenues are expected to soar this decade as increasingly more consumers make direct purchases on social media platforms, as social media sites are adopting innovative buying criteria and features, and as merchants incorporate shoppable posts and buy buttons on their respective pages. In addition, socially conscious consumers are influencing the evolution of the entire online retail industry. This trend comes as a result of the shifting inclination of brands from traditional celebrities to online influencers to endorse their products. Indeed, influencer marketing is quickly becoming an indispensable part of the mainstream branding strategies across organisations of all types.

"More Media is proud to officially merge with TMG. By joining forces with TMG's broad advertising network and SoPa's extensive ecosystem and large user and merchant bases in SEA, we are thrilled about expanding our business to fully become an end-to-end digital marketing company. According to Grand View Research, the global influencer marketing platform market size was valued at USD 10.39 billion in 2021 and is now expected to expand at a compound annual growth rate (CAGR) of 33.4% from 2022 to 2030. With this explosion in influencer advertising and social commerce throughout SEA, Thoughtful Media Indonesia is well positioned to generate significant revenues in 2023 and occupies a central position in Indonesia's large and fast-paced growing advertising market, both online and offline," explains Ms. Eugenia Agnes Gusti, Co Founder, More Media.

About Society Pass Inc.

Founded in 2018 as a next generation, 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.

Society Pass 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, premium digital advertising network; 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; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a premier online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please review the following online information which is not part of this press release:
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 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC welcomes plans for border re-opening between Mainland China and Hong Kong

HONG KONG, Dec 28, 2022 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) welcomes the upcoming plans to re-open borders between Mainland China and Hong Kong. Resumption of travel will rejuvenate the convention and exhibition sector, boosting economic activity and helping to accelerate Hong Kong's economic recovery.

A spokesperson from the HKTDC said: "Given the importance of economic and social connectivity between the Mainland and Hong Kong, the resumption of quarantine-free travel between Mainland China and Hong Kong will certainly be welcomed by many international and Mainland business people who have been waiting for this good news. The unimpeded flow of international and Mainland travellers will also benefit the convention and exhibition sector."

"In the past three years, the HKTDC has been organising physical and online fairs and conferences as well as support programmes to help companies continue doing business during the pandemic. With the lifting of international travel restrictions in Hong Kong in recent months, we have also seen a gradual return of overseas participants to our events. We believe more international and Mainland companies will come to Hong Kong to do business when quarantine-free travel resumes between the Mainland-Hong Kong borders. To help companies capture even more opportunities, we have lined up a full programme of business events from January onwards."

Flagship conferences and fairs in January to kick off the new year

The HKTDC will kick off 2023 with the Asian Financial Forum (AFF) and Hong Kong Toys & Games Fair, Hong Kong International Stationery and School Products Fair, Hong Kong Baby Products Fair, and Hong Kong International Wine & Spirits Fair (Special Exhibition) in January, with missions to overseas cities in February, and the Jewellery show and Filmart in March. The Spring trade show season will see several large-scale events including the inaugural InnoEX, Electronics Fair (Spring Edition) , Lighting Fair (Spring Edition), Houseware Fair, Gifts & Premium Fair in April and International Healthcare Week in May.

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 Communications and Public Affairs Department:
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SMI Vantage Appoints Well-Known Business Personality: CSR, ESG and Organisational Development Expert Leong Lai Yee to the Board

SINGAPORE, Dec 27, 2022 – (ACN Newswire) – SMI Vantage Limited, an investment and management company listed on the mainboard of the SGX, today announced it has appointed Ms. Leong Lai Yee, Edna as an Independent and Non-Executive Director to the Board, effective 1 January 2023. She replaces Wee Sung Leng who is stepping down having served over nine years on the SMI Board, as part of the Board renewal process.

Ms Leong is currently the Deputy Director and Head, Communications, Partnerships & Fund Development of RSVP Singapore The Organisation of Senior Volunteers. RSVP is an Institution of Public Character and the National Centre of Excellence for Senior Volunteerism under the patronage of Mdm Halimah Yacob, President of the Republic of Singapore.

Ms Leong's extensive experience in marketing, investment, banking and consulting includes stints in some of the world's largest financial institutions. Following her passion for a more equitable and caring society, she has in recent years, been more involved in heading non-for-profit NGOs (non-governmental organisations) and social enterprises.

Commenting on Ms Leong's appointment, Mark Bedingham, President and Chief Executive Office said, "I am delighted to welcome Edna to our Board at the start of this new year. Besides her proven entrepreneurial talent, she brings with her valuable and deep experience in the areas of corporate social responsibility, corporate governance and organisational development. She has worked tirelessly over the years towards the goal of a more equitable and caring society and will help SMI develop a pathway to a more inclusive approach to its corporate responsibilities and a fresh approach to ESG related matters."

Ms Leong replied, "I am excited to be appointed to the Board of SMI Vantage and look forward to assisting SMI Vantage with its many new projects and businesses and being part of the company's next chapter in its business journey I would like to see the Company be a responsible and strong corporate citizen that is able to give back to society. Being personally involved with various social enterprises over the years, I am passionate about bringing more "heart" to all we do. I will work closely with Mark, the Board, and the rest of the leadership team to capitalise on the many opportunities ahead and usher in SMI Vantage's next chapter of growth and success."

The Company would also like to take this opportunity to thank Wee Sung Leng for his valuable contribution and advice to the Board during his extensive service with SMI.

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances. https://www.smivantage.com/

For media queries, please reach out to:
Waterbrooks Consultants Pte Ltd
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner:
https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SMI Vantage Appoints F&B Innovator Jocelyn Chng to the Advisory Board Committee

SINGAPORE, Dec 27, 2022 – (ACN Newswire) – SMI Vantage Limited, an investment and management company listed on the mainboard of the SGX, today announced it has appointed Ms. Jocelyn Chng as a member of the Advisory Board Committee, effective 1 January 2023.

Ms Chng is the Group CEO of JR Group Holdings, a one-stop solutions provider for the F&B industry with capabilities in food manufacturing, automated cafes, and corporate F&B management. Over the years, Ms Chng has won numerous awards, including ASME's Women Entrepreneur of the Year 2001, the Montblanc Businesswoman Award in 2003 and was selected by EY to participate in its 2018 Entrepreneurial Winning Women Asia-Pacific Program. Under Chng's leadership, JR Group opened the world's first Vendcafe serving hot meals in Singapore. Chef-in- Box Vendcafe is an unmanned and automated all-vending machine cafe.

Having been personally involved with developing multiple companies and platforms particularly in the F&B space, Ms Chng has a deep understanding of what it takes to scale businesses to the next level. "I am delighted to welcome Jocelyn to our Advisory Board. She brings a wealth of experience in the F&B space, having launched many highly successful ventures and growing JR Group Holdings to where it is today. As our Company enters the Robochef business, her expertise and experience will be highly relevant and extremely helpful in helping us grow this business and helping the company look at other related opportunities." said Mark Bedingham, President and Chief Executive Officer.

In reply, Ms Chng said, "I am honoured to be appointed to the Advisory Board of SMI Vantage and am excited to learn more about SMI Vantage's exciting projects. F&B is in the midst of transformation from being a labour-intensive industry, to one that leverages on technology and automation for higher productivity and return on investment. SMI Vantage's use of Artificial Intelligence and Robotics in the Robochef concept is a good example of this trend in the F&B industry. I look forward to working closely with Mark, the Board, and the rest of the leadership team to capitalise on the many opportunities ahead and usher in SMI Vantage's next chapter of growth and success."

SMI would also like to thank Kevin Shao for his valuable contributions and advice to the Company during his time with us at SMI.

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including technology-based SaaS services and other high- tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances. https://www.smivantage.com/

For media queries, please reach out to:
Waterbrooks Consultants Pte Ltd
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner:
https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

‘Switching On the SUN’ – Samaiden Officially Turns on First Power Generation Facility at Sunway Nexis

PETALING JAYA, Malaysia, Dec 23, 2022 – (ACN Newswire) – Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group's wholly-owned subsidiary, Samaiden Capital Management Sdn. Bhd.'s first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.

Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng[L]; Group Managing Director of Samaiden, Ir. Chow Pui Hee

Samaiden will operate and maintain the rooftop solar PV system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years. Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.

Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "As part of the diversification plan for our Group, we are delighted to see the completion of this first investment project, in which the Power Purchase Agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021."

"This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years."

Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng said, "We must focus on the future of our planet and emphasize sustainability of renewable energy (RE) and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building. I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation's initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that has long-term repercussions for all concerned."

"With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change YB Nik Nazmi Nik Ahmad on the surcharge of 20 sen/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills," Ir. Chow noted.

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Queensland Announces Sampling Results Averaging 2.65% Li2O from the Mia Li-1 Occurrence at Its Mia Lithium Property in Quebec, Canada

Vancouver, BC, Dec 21, 2022 – (ACN Newswire) – Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) ("Queensland Gold" or the "Company") is pleased to announce results from surface sampling programs completed on the 86 square kilometre Mia Lithium Property (the "Property") in the James Bay area of Quebec, Canada, by Canadian Mining House, the vendors of the Property ("CMH"), prior to its acquisition by the Company.

Figure 1 – 2021 and 2022 Sample Summary

Figure 2 – Mia Lithium Property Regional Location

Table 1 – Results Table, 2021 and 2022 Samples

Highlights:
– 18 outcrop grab samples (from 2021 and 2022) confirm the Mia Li-1 occurrence with results averaging 2.65% Li2O.
– 3 outcrop grab samples from 2022 confirm the spodumene observations at the Carte 1879 occurrence with results averaging 1.65% Li2O.
– A trend of approximately 7km of unsampled pegmatite between the two mineralized occurrences is highlighted as a significant area to be followed up in 2023.

President & CEO Alicia Milne states, "We are pleased with the encouraging sampling results near the Mia Li-1 and Mia Li-2 occurrences which will provide valuable information to add to our 2023 exploration program."

2021 & 2022 Sampling Details

A total of 17 pegmatite outcrop grab samples were collected in 2021 by Services Geologiques T-Rex Inc. of Rouyn-Noranda, Quebec ("SGT"), with the aim of verifying the Mia Li-1 and Mia Li-2 lithium occurrences (Figure 1, Table 1). The sample results confirmed the Mia Li-1 occurrence with five grab samples averaging 2.31% Li2O, but were not able to confirm the Mia Li-2 occurrence with two grab samples returning background lithium. One sample was collected 700 metres east of the Mia Li-1 area with 2.73% Li2O (herein named MIA 3). Additionally, nine samples were collected south of Lac Miakadow to test a coarse-grained granitic rock type that is outside of the main trend and returned background lithium.

A follow-up sampling program was conducted in fall 2022, with nineteen pegmatite outcrop grab samples collected by SGT for CMH (Figure 1, Table 1). Thirteen samples were collected in the Mia Li-1 area and further confirmed the occurrence with an average grade of 2.79% Li2O. Additionally, three samples were collected in the Carte 1879 occurrence and for the first time verified spodumene at this location with the results averaging 1.65% Li2O. Three samples were collected from a pegmatite occurrence, outside of Figure 1 and returned only background levels of lithium.

Collectively, the sampling from 18 outcrop grab samples at the Mia Li-1 occurrence (5 in 2021 and 13 in 2022) have an average grade of 2.65% Li2O.

Table 1 – Results Table, 2021 and 2022 Samples
https://www.acnnewswire.com/topimg/Low_Queensland202212213.jpg

About the Mia Lithium Property

The Property is comprised of 170 mineral claims, located 62 km East of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The lithium mineral showings are located approximately 10 kilometres from the nearest highway.

The Property geology is part of the Yasinski Lake area, identified by narrow greenstone belt slivers, belonging to volcanic rocks and related sediment the Yasinski Group and pierced by syn-tectonic tonalite and granodiorite suite. The Property is located in the western extremity of this geological area, covering various lithologies and favourable structures, known to host spodumene bearing pegmatites. The southern half of the Property covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provincial government's geomining information system: https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr.

Historical work by Main Exploration Company Ltd. in 1959 (GM10200) reported several spodumene-bearing pegmatites on the Property and mapped an 8.3 kilometre-long trend of discontinuous pegmatite intrusions. SIGEOM lists nine metallic deposits directly on the Mia Lithium property including two for lithium, namely Mia Li-1 and Mia Li-2. Carte 1879 is listed as a spodumene mineral deposit as no assays were recorded for it.

The westernmost mineral showings Mia-Li1 and Mia-Li2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47% Li2O and 2.27% Li2O respectively. Numerous pegmatite intrusions have been recorded along the 8.3 kilometre long trend but were never been followed up for their lithium potential. The 1959 report also details that the pegmatite dykes are as much as 100 feet (30.5 metres) in width and are commonly zoned, with spodumene crystals described as being as much as 2 feet (0.61 metres) in length.

About Queensland

Queensland Gold Hills is Canadian mineral exploration company currently advancing exploration of the 86km2 Mia Lithium Project in the James Bay area of Quebec, Canada, as well as two highly-prospective gold projects located in the historic goldfields of Queensland, Australia: the Big Hill Gold Project and the Titan Project which collectively cover 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District and host 54 high-grade historical gold mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne, Kevin Bottomley
President & CEO Director
amilne@queenslandgoldhills.com, kbottomley@queenslandgoldhills.com
Telephone: 1 (800) 482-7560, Telephone: 1 (800) 482-7560

E-mail: info@queenslandgoldhills.com
Twitter: @QLDGoldhills

Qualified Person

Neil McCallum, B.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., a registered permit holder with the Ordre des Geologues du Quebec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

The 2021 and 2022 rock samples were analysed Activation Laboratories (Actlabs – Ste-Germaine Boule, Quebec). Samples were, dried at 105 degrees Celsius, and crushed to 75% passing 2 mm. The lithium analysis were performed by total assay ICPOES (4 acid). The 2022 samples were also analysed with the UT-4 (QOP Total/QOP Ultratrace- 4 acid Digest -Total Digestion ICPOES/ICPMS) for multi-elemental analysis.

Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com.

Neither the 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.

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Indonesia encourages collaboration to achieve blue economy in AIS Forum

JAKARTA, Dec 21, 2022 – (ACN Newswire) – Indonesia emphasized the need for collaboration to achieve the blue economy and green economy concepts among the members of the Archipelagic and Island States (AIS) Forum.

"Next year (in 2023), through the head of state level meeting, we hope the joint commitment of island and archipelagic nations around the world (which are the members of the AIS Forum) will encourage Indonesia to realize its vision as the world's maritime axis," Indonesian Coordinating Minister of Marine Affairs and Investment, Luhut Binsar Pandjaitan, said here on Tuesday.

The AIS Forum, which was initiated in 2018, has held four ministerial-level meetings so far to encourage commitment and discussion between archipelagic and island countries to establish concrete cooperation and collaboration on improving their economy and protecting the marine environment.

Additionally, Indonesian Minister of Foreign Affairs Retno Marsudi reminded member countries of AIS Forum to be able to synergize with other global initiatives. "We must have the same spirit, namely the spirit of collaboration, because we can only overcome various global challenges if the world is united, not divided," Marsudi said.

Then, Marsudi added, the AIS Forum should strengthen its commitments to solve common problems in managing the oceans.

In 2023, Indonesia will host the AIS Summit which will be a part of efforts to realize the country's vision to become a global maritime axis. Indonesia and other archipelagic and island nations on the AIS Forum reiterated to increase commitments and efforts to tackle the danger of climate crisis by strengthening collaboration in the blue economy.

"When we talk about the green economy, we talk about carbon. A coastline is one of the biggest carbon sinks through mangroves and corals," Investment Minister Bahlil Lahadalia said.

The Indonesian government also committed to achieving Net Zero Emissions (NZE) in 2060 which is expected to grow the investment potential in the blue economy, green economy, and circular economy sectors. Lahadalia also emphasized efforts to protect and restore the wealth of marine resources, including planting mangroves, protecting coral reefs, and preserving marine life.

Indonesia is currently intensifying the implementation of the blue economy and green economy in its investment and development program including the development project for the New National Capital City (IKN).

The Coordinating Minister for Human Development and Culture Muhadjir Effendy hoped the city would be able to create an inclusive and sustainable national economic transformation by utilizing digital infrastructure and implementing a green economy. "Thus, the development of IKN is expected to be a new basic in creating the inclusive and sustainable national economic transformation through business modernization, digital infrastructure improvement that implements the green economy and blue economy," Muhadjir said. The Minister said the new capital city is a national identity and the driver for the Indonesian economy in the future.

According to the data of IKN.go.id, there will be six economic clusters in IKN including Clean Technology Industry Cluster, Integrated Pharmaceutical Industry Cluster, Sustainable Agriculture Industry, Ecotourism and Health Tourism Cluster, Chemical Products and Byproducts Cluster, as well as Low Carbon Energy Cluster. Besides, there will be two supporting clusters derived from the 21st Century Education Cluster, and Smart City and Industry 4.0 Centre.

–Antara

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Belgravia Hartford Provides Year End Update on Zonetail Litigation

TORONTO, ON, Dec 21, 2022 – (ACN Newswire) – Belgravia Hartford Capital Inc. (CSE: BLGV) ("Belgravia Hartford", "Belgravia" or the "Company") provides a shareholder status update on its litigation with Zonetail Inc. (TSXV: ZONE) ("Zonetail").

Belgravia and Zonetail are currently engaged in litigation which Zonetail launched in December 2019, the litigation is related to their prior commercial relationship.

Background Summary

1. Prior to becoming a publicly listed company, Zonetail solicited Belgravia to purchase its shares through private placement transactions in an effort to build working capital, and in part, to complete its going public transaction;

2. From February 2018 to November 2018 Belgravia invested $876,600 in Zonetail common shares at an average cost price of $0.1885/common share (the "Zonetail Share Cost Price");

3. Additionally, on July 26, 2018, at the repeated request of Zonetail, Belgravia, in good faith, agreed to loan Zonetail $325,000 (the "Loan") and issued a promissory note in the amount of $325,000 plus 8% interest due November 1, 2018 (the "Promissory Note") which was agreed to and signed by Zonetail in promise of payment;

4. In August, 2018, Zonetail paid an interest payment of 144,444 common shares representing 8% of the interest payable;

5. Further, on October 30, 2018, Belgravia, in good faith, agreed to amend the date of repayment of the Promissory Note to the earlier of (i) that date which is 12 months from the closing of the Zonetail going public transaction, or (ii) November 1, 2019 and increased interest payable from 8% interest to 18% interest on the Promissory Note;

6. From March 2018 through February 2019 Belgravia was engaged by Zonetail to implement certain management services to fulfil its listing requirement. Belgravia provided services to assist Zonetail with Corporate Governance structure, meeting listing requirements and a number of other corporate initiatives;

7. On November 21, 2018, Zonetail became a publicly-traded company on the TSX Venture Exchange. As a result, Belgravia's equity position, 4,749,999 common shares and 1,905,555 share purchase warrants was subject to Tier 2 escrow provisions and released over three years: 2019, 2020, and 2021;

8. On November 23, 2018, Zonetail paid an interest payment on the Loan of $32,500 to Belgravia in accordance with the Promissory Note;

Steps to Degradation of Relationship between Belgravia and Zonetail

9. During Q2 of 2019, five months after the going public transaction was complete and only then the second tranche of the escrowed funds were released, the average market price of Zonetail common shares had plummeted to a price of approximately of $0.06 per common share or 1/3 of the original Zonetail Share Cost Price. Belgravia's total loss on investment: Over $700,000;

10. On August 29, 2019, Zonetail released it's Q2 Financials which indicated approx. $17,000 of cash in the treasury;

11. In December 2019, Zonetail commenced a legal action against Belgravia, instead of repaying the Loan in good faith. Belgravia continues to demand immediate repayment of the Loan and the debt owed, being $506,125 (principal and unpaid interest to date); and

12. Belgravia has counterclaimed for $2,500,000 against Zonetail seeking to (among other things) hold Zonetail accountable for the full amount of the Loan repayment and applicable interest (i.e., $506,125).

Mehdi Azodi President & CEO of Belgravia Hartford stated, "Belgravia will vigorously defend itself and assert its right to re-payment of the Loan in accordance with the Promissory Note. Belgravia is moving rapidly towards scheduling a trial date and will provide a further update in early Q1 of 2023."

About Belgravia Hartford

Belgravia Hartford Capital Inc. ("Belgravia" or the "Company") is a publicly traded investment holding company listed on the Canadian Securities Exchange. Belgravia is focused on growing its assets and holdings and increasing its net asset value (NAV). Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the resources and commodities sector. Belgravia and its investments are considered high risk holdings and it may expose shareholders to significant volatility and losses. For more information, please visit www.belgraviahartford.com.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding planned investment activities & related returns, the timing for completion of research and development activities, the potential value of royalties, and other statements that are not historical facts. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

For More Information, Please Contact:
Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(250) 763-5533
mazodi@blgv.ca

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