VC Holdings to Acquire SaaS-related Software and Subsidiary of iDreamSky

HONG KONG, Jul 5, 2021 – (ACN Newswire) – Value Convergence Holdings Limited ("VC Holdings", together with its subsidiaries, the "Group"; Stock Code: 0821.HK) announced that the Group has entered into the sale and purchase agreement with iDreamSky Technology Holdings Limited ("iDreamSky") to acquire its Rainbow Software, Dolphin Software and Nvwa Software at RMB45.00 million (equivalent to approximately HK$53.83 million). In addition, the Group is to acquire the entire issued share capital of Dream Impression Holdings Limited ("Dream Impression") from Shenzhen Qianhai iDream Technology Co., Ltd., an indirect wholly-owned subsidiary of iDreamSky at RMB28.00 million (equivalent to approximately HK$33.49 million).

The total consideration of the two acquisitions is RMB73.00 million (equivalent to approximately HK$87.32 million) and will be settled by the allotment and issue of approximately 425,954,020 consideration shares at the issue price of HK$0.205 per consideration share. The consideration shares represent approximately 24.97% of the issued share capital of the Group as at 2 July 2021 and approximately 19.98% of the issued share capital of the Group as enlarged by the allotment and issue of the consideration shares (assuming there will be no change in the total number of issued shares between 2 July 2021 and the allotment and issue of the consideration shares). The allotment and issue of the Consideration Shares are subject to the approval at the extraordinary general meeting, while the acquisitions are subject to the fulfilment of certain conditions precedent.

iDreamSky (Stock Code: 1119.HK) is a leading digital entertainment platform in Mainland China. Its current business mainly includes research and development and operation of mobile games, provision of information services, development of SaaS (Software as a Service) and other related services as well as offline entertainment business. The Rainbow Software developed by the Group is a software system providing whole-process data support for game development and operation, for demonstration of game quality and operation conditions facilitating game design or achieving operation target. The Dolphin Software is a personalised operation platform integrating AI and big data applications. Through the amalgamation of AI and user's portrait, it provides users with valuable contents, achieves precise sales and marketing. The Nvwa Software is a technical service platform software system that provides one-stop solutions and operation solutions for game developers and game agency publishers to release the games in the application markets. As an indirect wholly-owned subsidiary of iDreamSky, Dream Impression is mainly engaged in provision of technical support, development, software maintenance and update, business management consultation, marketing and promotion services, and other services.

Mr. Peter Fu, Chairman and Executive Director of Value Convergence Holdings Limited, said: "VC Holdings has always been committed to providing professional and comprehensive financial services to its customers. In view that SaaS is transforming the business and revenue models of the modern industries and gradually spreading to all industries, the Group believes that the acquisitions will consolidate its existing business, further expand its clientele and enhance user experience through combining SaaS and FinTech in the securities industry. We expect that the income stream of the Group will be broadened in the long term, thereby achieving our vision of aggressively pursuing innovation."

About VC Holdings Limited
Value Convergence Holdings Limited (Stock code: 821.HK) is a well-established financial services group committed to delivering premier financial services and products in the Great China region. The Group's services include provision of (i) securities, futures and options brokering and dealing, and financing services; (ii) corporate finance and other advisory services (including mergers and acquisitions and company secretarial services to clients, etc.); (iii) asset management; and (iv) insurance brokerage; and proprietary trading that fulfill various investment and wealth management needs of clients in the Greater China region. The Group is also engaged in proprietary trading and the sales and distribution of healthcare products.

For more details, please visit www.vcgroup.com.hk.

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

SCCG Management and Booming Games Bring Uniquely Themed, Next Level Games to North American iGaming Industry

LAS VEGAS, NV, Jul 2, 2021 – (ACN Newswire) – Stephen Crystal, Founder of SCCG Management, announced today a partnership with Booming Games to bring its next-level slot game content for the US iGaming industry.

Stephen Crystal said of the event, "Identifying truly next-level content in the ocean of available games is a challenge. We believe that Booming Games is one of those rare gems. Booming Games in-house designs and its complete back-office solution provide operators with feature-rich game content and bonus games, and optimized for mobile deployment as HTML5 content."

Privately-held Malta-based Booming Games is licensed and regulated in Great Britain and Malta. The company supplies Type 1 gaming services under a B2B – Critical Gaming Supply License issued in 2018. Booming Games delivers high-end, next-level gaming to the slots market. Offering an established portfolio that encompasses uniquely themed games, innovative features, and volatilities to satisfy every spectrum of the player market. We utilize the knowledge of seasoned experts, who apply their years of expertise in the industry to craft games to the highest of standards, harnessing proven formulas for success, combined with the latest developments in the gaming industry.

About SCCG Management

SCCG specializes in investment in and developing worldwide brands, representation before governmental agencies for complex regulatory matters, intellectual property, and strategic business development within international, land-based casinos, internet gambling, gaming, esports, and entertainment markets.

About Booming Games

Malta-based Booming Games delivers high-end, next-level gaming to the slots market. Offering an established portfolio that encompasses uniquely themed games, innovative features, and volatilities to satisfy every spectrum of the player market. They utilize the knowledge of seasoned experts, who apply their years of expertise in the industry to craft games to the highest of standards, harnessing proven formulas for success, combined with the latest developments in the gaming industry. Booming Games? ever-growing catalog consists of over 50 games, all of which are crafted to be fun, engaging and keep players coming back for more, from uniquely novel configurations and interfaces to highly entertaining themes and characters.

Contact:
Stephen A. Crystal
SCCG Management
+1 702-427-9354
stephen.crystal@sccgmanagement.com
Visit us on social media:
LinkedIn

Source: https://sccgmanagement.com/

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

Leading Crypto Copy-Trading Platform Reaches Huge Milestone, Announces Giveaway

US, Jul 1, 2021 – (ACN Newswire) – Copy-trade platform ProfitFarmers recently passed the 4,000 member mark, a major testimony to their product's user-value and market adoption. To celebrate, they are giving away over $1800 worth of memberships.

"Each lucky winner will not only walk away with 3 months full access to our platform, trading tools and premium trading signals but their friend can too! On top of that they will get access to our trading academy and educational materials to get them up to speed as quickly as possible," says Matthew Tansley, Founder of ProfitFarmers (https://www.profitfarmers.com/founder).

Registration can be completed by heading over to their announcement blog post and filling in the sign up form. There are 3 prizes available, all of which offer the winner 3 months premium membership worth $600 each:

– 1st prize (3 months membership worth $600) is awarded based on a lucky draw, meaning anyone can win just by entering the competition.
– 2nd prize (3 months membership worth $600) is awarded by gathering points awarded for sharing social media posts and other simple actions.
– 3rd prize (3 months membership worth $600) will be awarded to the friend that referred the 1st winner!

ProfitFarmers is designed to be 'your crypto co-pilot', taking the major pain points out of trading.

"We specialise in making profitable cryptocurrency trading easy and accessible for everyone, so we are thrilled to be able to give this opportunity to even more people! We hope that we can raise awareness amongst retail traders and show them that with the help of a little technology anyone can trade like a pro," says Matthew Tansley, Founder of ProfitFarmers.

Winners will be chosen on the 1st of August and announcements will be placed on the ProfitFarmers blog. For full details, visit the competition page here: https://www.profitfarmers.com/premium-signals-subscription-giveaway

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

Crypto Copy-Trading Platform Reaches a Milestone, Announces Giveaway

Market Selloff Presents Good Opportunity to Accumulate ETH While It is Undervalued Says PrimeXBT Analyst Kim Chua

US, Jun 30, 2021 – (ACN Newswire) – News flows the past week has centred around BTC's big flash dip and about how long-term investors are taking the chance to accumulate more BTC. However, no one seems to be talking about the second largest coin, ETH. Is ETH a good buy at these levels?

The rise in DeFi is the single largest contributor towards the demand for ETH in this bull run as ETH is used both as a collateral as well as a fuel to use the ETH blockchain for yield-farming. While other developments like NFTs also contribute to the popularity of ETH, by and large, 90% of the demand for ETH has been for DeFi usage so far. Thus, to study if ETH is a worthwhile investment now, our focus should still be on DeFi, specifically, the trend about DeFi going forward.

ETH, while being the undisputed leader in DeFi, has seen some competition from other blockchains like Binance Smart Chain (BSC) and Polygon (MATIC). Part of the argument against ETH in DeFi use has been its high gas fee and slow speed, which has caused both yield-farmers and protocols to migrate to other cheaper blockchains like BSC and Polygon (MATIC). This resulted in some value from the ETH blockchain moving to other blockchains.
However, as the market started to turn downwards in May, exploits on DeFi projects were getting one too many with projects on other blockchains, while none were observed with those on ETH. BSC, the largest contender, saw the community of its top protocols, Venus (XVS) and Bunny (BUNNY), lose billions of staked funds due to exploits. This trend soon started happening to projects on MATIC as well, with the fastest and largest ever rug-pull (developer running away with yield-farmers' money) happening to Iron Finance, a project that even sophisticated investor Mark Cuban was openly bullish about. Iron Finance totally collapsed, wiping out billions of investor funds. It is appearing that the very reasons why these projects were successful became the very reason of their failure to take-off. Being cheap and fast allows bad actors to take advantage because it costs a scammer close to nothing to create a new protocol and they are able to get funds out of the protocol before being detected because the blockchain is fast. Perhaps ETH's higher gas fee and slower speed may be the very reason why exploits there are rare. Because it is more expensive to interact with ETH, projects and users there tend to think more long-term and could be less "degenerate".

The problems surrounding DeFi exploits caused a market-wide exodus of funds in DeFi projects on both BSC and MATIC in the past two months. The USD Total Value Locked (TVL) in BSC fell from a peak of $30 billion to a low of $10 billion, a loss of 67%, while the BNB token saw a loss in value of 69%. TVL on MATIC fell from a high of $11 billion to $4.3 billion, a 63% loss, while the MATIC token lost 65% at its lowest point during the selloff. Both projects have seen TVL rise back, with BSC clocking around $13 billion and MATIC $5 billion currently. To give a better perspective, lets quote in percentage terms. The TVL for BSC is still 60% lower, while the BNB token price has recovered to $290, a 60% loss from its ATH. As for MATIC, the token price is now around $1.10, which is 55% off from its peak, also a rather good reflection of its 55% TVL loss.

Contrast this with ETH, which saw its price fall 61% from a high of $4,373 to a low of $1,700, when the TVL on protocols run on ETH only fell 42%. At its peak, ETH projects took in an aggregate $117 billion, while they dropped to $67 billion at the lowest point in May, a fall of 42%. However, the price of ETH was hammered down by 61% during that time, falling 20% more than the drop in TVL.

Even though ETH price has recovered from its low, it is still 55% lower than its high, while its TVL has recovered to around $77 billion, around 35% lower than its peak, with the 20% discrepancy is still manifesting. This reveals that unlike the other two competitors, the fall in ETH price is more drastic in proportion to its fall in TVL, which could suggest that the selling in ETH is overdone. ETH, a leader in the smart contract blockchain place, which ought to give it a price premium, is now seemingly trading at a disproportionate price discount to TVL as compared with its peers. This could thus mean that either ETH is undervalued, or that the other two blockchains are overvalued.

To ascertain if the few DeFi-blockchains are likely overvalued or undervalued, let us examine the DeFi adoption in the past year. DeFi adoption has been taking off in a gradual way since the early part of 2021, as can be seen in the below chart. The month-on-month growth of DeFi users had been consistent, with 292,000 new users registered every month since Jan 2021. In June, despite the market fallout, the number of new DeFi users did not drop, in fact that number actually went up to 300,000. This suggests that growth in DeFi adoption has not only not receded, but it actually picked up pace, which shows an aggressive growth trajectory. Valuation in an industry which is growing aggressively should have a premium, which means they ought to command premium valuation. Hence, this in no way suggests that a lower valuation estimate should be warranted for blockchains doing DeFi. In this regard, ETH is not overvalued. ETH is in fact, rather undervalued, since ETH is now also on track with some major upgrades as imminent as July.

The massive fall in ETH then could be due to greedy investors taking on high leverage positions during the hype of the impending upgrade, only to suffer from huge liquidations when the market turned, which started a spiralling effect as margin liquidations sent prices lower which then resulted in more margin liquidations on other investors which started a cascade of price fall. With price settling into consolidation after the bulk of the liquidation done, investors looking for value may do well accumulating ETH when its price is still currently undervalued.

The key risk event for ETH of course could be the failure of ETH2.0. However, with ETH founder, Vitalik Buterin, already having issued a pre-emptive warning to not expect a smooth transition until year 2022, investors have been mentally prepared and reaction towards any implementation delay will not be drastic.

It thus seems that there is more room for upside surprise should the key upgrade manage to yield better-than-expected results in fee reduction as well as in reducing the supply of ETH in the market. ETH looks to me a good buy at current level of around $2,000.

About Kim Chua, PrimeXBT Market Analyst:

Kim Chua is an institutional trading specialist with a track record of success that extends across leading banks including Deutsche Bank, China Merchants Bank, and more. Chua later launched a hedge fund that consistently achieved triple-digit returns for seven years. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. Kim Chua actively follows both traditional and cryptocurrency markets closely and is eager to find future investment and trading opportunities as the two vastly different asset classes begin to converge.

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

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

Singapore / Malaysia, Jun 29, 2021 – (ACN Newswire) – KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd., (199801000924), through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. (201301013805). The acquisition is a part of KGISL's growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.

KGISL has its market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL's product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, "I am super excited about this acquisition. AETINS' Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL's Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick."

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, "The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years."

About KGISL: www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS: www.aetins.com/

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

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

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

Singapore / Malaysia, Jun 29, 2021 – (ACN Newswire) – KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. The acquisition is a part of KGISL's growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market-leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.

KGISL has market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL's product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, "I am super excited about this acquisition. AETINS' Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL's Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick."

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, "The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years."

About KGISL – www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia (201301013805), Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS (199801000924) – www.aetins.com

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation. See www.aetins.com.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

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

DigiMax Provides Update Regarding CryptoHawk and Cayman Crypto Fund

TORONTO, ONTARIO , Jun 29, 2021 – (ACN Newswire) – DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI) (OTC:DBKSF), a company that provides artificial intelligence (AI) and cryptocurrency technology solutions, is pleased to provide an update about the successful activities being realized at its wholly-owned subsidiary, DataNavee Inc.

DigiMax is pleased to report that its new Crypto Price Trend Predictor, CryptoHawk, which was launched on June 1st, 2021 has had a stellar performance in June. These figures are based on closed prediction cards through the last closed prediction on June 27th, 2021 and all information is available to subscribers and free trial members.

For Bitcoin ("BTC"), there is a 32.3% difference, in the first month of launch, based on the return our subscribers earned from the prediction indicators sent to them by text, compared to the buy-and-hold strategy for the same period. CryptoHawk produced a 20.6% gain so far in June compared to an 11.7% loss in the value of Bitcoin in the same period.

For Ethereum ("ETH"), CryptoHawk is ahead of buy-and-hold by a 34.7% difference. CryptoHawk has provided subscribers with a 5.6% gain while buy-and-hold has produced a 29.1% loss in ETH value so far in June.

While these results speak for themselves, the Company is also pleased to report that an extensive marketing campaign for CryptoHawk has commenced and is planned to grow exponentially and globally for the balance of the year. This program could not be started until after CryptoHawk was launched, and while it is still early too early to provide definitive year-end predictions, so far in June we have seen a 26% rise in monthly recurring revenue and a 45% growth in lifetime value. These values are based on an end of May 2021 subscriber base of under 1,000 subscribers but the momentum has been increasing daily, with several basic subscribers already jumping up to the advanced membership. We remain confident that an end-of-year target of 10,000 subscribers is a reasonable goal.

The CryptoHawk results provide a strong foundation to launch the CryptoHawk-based Crypto Fund domiciled in the Cayman Islands and expected to be launched by the end of August 2021 as previously announced. Pre-marketing of the fund is progressing well and the stated goal of achieving $1 billion of Assets Under Management within 24 months seems realistic at this time.

About DigiMax

DigiMax is a technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology. To learn more, visit our website: https://digimaxglobal.com/

Contact:
Martti Kangas
Investor Communications
647-521-9261
mkangas@digimax-global.com

Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com

Cautionary Note Regarding Forward-looking Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements about the Company and Kirobo Inc.'s future plans, expectations and objectives.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the future plans of Kirobo Inc. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, the Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of COVID-19 or other viruses and diseases on the Company's ability to operate, consumer sentiment towards the Company's products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, the ability for Kirobo Inc. to complete its business objectives, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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

DigiMax Provides Update Regarding CryptoHawk and Cayman Crypto Fund

Online Brokerage Tiger Brokers strengthens Singapore operations with approvals-in-principle for SGX trading membership in securities and derivatives, and CDP clearing rights in Singapore

SINGAPORE, Jun 28, 2021 – (ACN Newswire) – Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. ("Tiger Brokers Singapore") today announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited ("CDP"). Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading Limited ("SGX-ST") as well as Singapore Exchange Derivatives Trading Limited (SGX-DT") for admission as a Trading Member.

Tiger Brokers expects to use these approvals-in-principle to improve the user experience and services it offers to clients. Tiger Brokers looks forward to developing its partnerships with CDP, SGX-ST and SGX-DT and strengthening its presence in the Singapore market.

Eng Thiam Choon, CEO of Tiger Brokers Singapore commented, "Tiger Brokers Singapore has always been focused on bringing a superior user experience to investors. These approvals-in-principle, together with our previous partnerships spanning financial data, cloud and financial technology, are part of our focus on providing a superior user experience to investors."

Officially launched in Singapore in February 2020, Tiger Trade offers retail investors trading opportunities such as Equities, Exchange-Traded Funds ("ETFs"), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts ("CBBCs"), Daily Leveraged Certificates ("DLCs"), US-listed Over-the-Counter ("OTC") equities and Fund Mall. Investors are also able to trade on six different exchanges – New York Stock Exchange ("NYSE"), National Association of Securities Dealers Automated Quotations Exchange ("NASDAQ"), Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange ("HKEX"), the Singapore Exchange ("SGX") and the Australian Securities Exchange ("ASX").

The Tiger Trade mobile application is available for download on Apple App store and Google Play store.
– Apple App store: https://apps.apple.com/sg/app/id1023600494
– Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd ("Tiger Brokers Singapore") is a brokerage firm operating with a Capital Markets Services ("CMS") Licence from the Monetary Authority of Singapore ("MAS"). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, ETFs, Futures, Stock Options, Warrants, CBBCs, DLCs, US-listed OTC equities and Fund Mall on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the US, China, Hong Kong, Singapore and Australian stock markets such as the NYSE, NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the HKEX, the SGX and the ASX.

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under "TIGR" in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1.4 million users worldwide currently, with a total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company's proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its "mobile first" strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company's proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearing houses. For more information on the Company, please visit: https://ir.itiger.com.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

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