Fresh out the oven: Gopizza Bags Promising Franchisor of the Year and Franchise Manager Award at Franchising and Licensing Asia 2023

SINGAPORE, Nov 20, 2023 – (ACN Newswire) – GOPIZZA, the No. 1 Single-Served Pizza brand from South Korea, wins Promising Franchisor of the Year Award and Franchise Manager Award at the Franchising and Licensing Asia 2023 ceremony yesterday, held at Singapore Marriott Tang Plaza Hotel, by Minister of State, Ministry of Trade and Industry & Ministry of Culture, Community And Youth, Ms Low Yen Ling, for its exceptional contributions to the franchise industry. These awards recognise GOPIZZA’s dedication to excellence in franchising and its commitment to delivering quality products and services to franchisees and customers.

The Promising Franchisor of the Year Award represents a distinctive category specially tailored for nascent startups that have been operational for a period of less than three years. The primary objective of this accolade is to extend support and recognition to these emerging local franchisors, with the aim of acknowledging their potential for achieving unprecedented success within the dynamic and ever-expanding franchising industry.

By singling out these promising and innovative newcomers, this award celebrates the inventive approaches and the entrepreneurial spirit they bring to the franchising landscape, affirming their capacity to become trailblazers in the field.

The Franchise Manager Award is presented to Mr. Kelvin Sia, the Regional Chief Executive Officer and Head of APAC at GOPIZZA, for his outstanding contributions during his 3.5 years of dedicated service. As the Regional CEO, Kelvin has exhibited remarkable proficiency and unwavering dedication in overseeing the franchise operations.

“This award belongs to every single GOPIZZA member, for their unwavering commitment and hard work, and the success today. It’s a testament to our team’s dedication, and I’m deeply honoured to receive this recognition on behalf of our entire GOPIZZA family. Together, we’ll continue to innovate, grow, and shape the future of franchising.” Mr. Kelvin Sia, Regional CEO, GOPIZZA.

The awards also underscore the company’s enduring commitment to fostering professional growth and excellence, ensuring that each member of its franchise management team is provided with the opportunity to flourish and reach their fullest potential. The Franchise Manager Award serves as an exemplar of the high standards and the culture of excellence that GOPIZZA instils within its team members and franchisees, further reinforcing the company’s objective of creating a supportive and thriving environment in which capable individuals can excel, and continue to play an integral role in the brand’s continued success.

“We are both thrilled and honoured to receive these awards from Franchising and Licensing Asia 2023,” said Jay Lim, Founder and Global CEO of GOPIZZA. “These accolades highlight our ongoing efforts to create a vibrant and supportive ecosystem for our franchisees, enabling them to thrive and succeed in the competitive fast-food industry.”

Since its inception in 2016, GOPIZZA has firmly established itself as a household name in South Korea’s culinary landscape. In 2020, GOPIZZA reached the shores of Singapore, launching its flagship outlet at Suntec City.

Founded with a passion for delivering top-quality pizzas, GOPIZZA has consistently strived to provide a delectable and diverse menu to satisfy the discerning taste buds of its customers. Embracing a commitment to excellence in both ingredients and preparation methods, GOPIZZA has stood out and attracted a dedicated following among pizza enthusiasts. GOPIZZA offers an array of delectable pizza creations, from classic favourites OG Pepperoni Pizza, Hawaiian Pizza and American Cheese Pizza to innovative combinations such as K-Bulgogi Pizza and Bacon Potato Pizza, all crafted with a dedication to using the finest and freshest ingredients.

GOPIZZA’s franchise model boasts exceptional modularity, making it resistant to economic downturns and demanding minimal capital investment. The brand leverages its patented AI technology, allowing franchisees the flexibility to adapt shop size and labour management to suit their unique needs. What sets GOPIZZA apart is that franchisees gain access to an array of integrated technologies, including the AI-Smart Topping Table, GOVEN, GOBOT, and a network of trusted suppliers, all without incurring extra expenses. GOPIZZA provides an added advantage by allowing franchisees the option to either independently seek out ideal locations or entrust the brand to identify prime sites, factoring in multiple considerations on their behalf.

GOPIZZA's Changi Airport Exclusive Flavour: Chilli Crab Pizza — GOPIZZA’s Changi Airport Exclusive Flavour: Chilli Crab Pizza

GOPIZZA also recently made its debut at Changi Airport’s Terminal 2, marking a total of 27 establishments in Singapore with new exclusive flavours like the Chilli Crab Pizza, Jalapeno Pepperoni Pizza, and Truffle Cheese Pizza.

The GOPIZZA Changi Airport Outlet can be found nestled between Dunkin Donuts and Boost Juice Bar, GOPIZZA is located at T2 Departure/Transit South, Unit No. 02-K15 at Changi Airport’s Terminal 2 Departure Hall. Operating hours are from 6AM to 1AM daily.

GOPIZZA is also available at the following locations:

1. Suntec City Tower 5 (Flagship Store)

2. Lazada One

3. Plaza Singapura Kopitiam

4. Yishun Park Hawker Center

5. Nanyang Polytechnic (Koufu)

6. Caltex Chong Pang (Takeaway only)

7. Caltex Lorong Chuan (Takeaway only)

8. Canberra Crescent (Food Paradise)

9. Hougang (The Midtown)

10. Timbre+ Eastside

11. Century Square

12. I12 Katong

13. Caltex East Coast (Takeaway only)

14. Pasir Ris Hawker Center (Indian EDT)

15. Our Tampines Hub Hawker Centre

16. Punggol Plaza

17. KAP Mall

18. Caltex Clementi (Takeaway only)

19. Singapore Polytechnic (Koufu)

20. Ngee Ann Polytechnic (Koufu)

21. Jurong West Hawker Center

22. Stars of Kovan – Upcoming in Nov

23. Woodleigh Mall – Upcoming in Dec

24. Sims Urban Oasis – Upcoming in Dec

25. 204 Bedok North (Koufu) – Upcoming in Dec

26. 464B Clementi – Upcoming in Dec

Pizza in 5 Minutes – Korea’s No. 1 “Single-Serve Pizza” GOPIZZA Launches in Changi Airport with Brand-New AI Technology for Fast, Consistently High-Quality Pizza

SINGAPORE, Nov 10, 2023 – (ACN Newswire) – Renowned pizza brand from South Korea, GOPIZZA, made its debut at Changi Airport’s Terminal 2, marking its 25th establishment in Singapore with new flavour and AI-technology introductions within the company.

GOPIZZA’s brand-new outlet at Changi Airport Terminal 2

GOPIZZA’s Next-Gen AI-Technology for Perfect Pizza Anytime, Anywhere

Pizzas are often thought to be a shared-serving meal that requires substantial time to be prepared. However, the launch of GOPIZZA challenges this very mindset by introducing single-serving pizza delivered just like a fast-food meal. Every step of the pizza-making process is strictly controlled with the incorporation of the AI Smart Topping Table, GOBOT Station, and its latest iteration of GOVEN.

This new series of AI-Technology roll-out is especially prominent in GOPIZZA’s Changi Airport outlet, where it ensures consistent and fresh baked pizza for hungry travellers who often face the urgency of purchasing food-on-the-go.

“We’re thrilled to bring GOPIZZA to the heart of Changi Airport’s Terminal 2. Our core belief is that time is of the essence, and this is also reflected in our motto, ‘Fast, But Delicious’. Incorporating breakthrough technology in our processes, we aim to redefine the dining experience by merging speed with taste. At Changi Airport, travellers can now enjoy quick, freshly baked on-the-spot pizza, ensuring they don’t have to compromise quality for time.” shared Jay Lim, global CEO of GOPIZZA.

GOPIZZA’s Five Minutes Pizza Journey

Each pizza is assembled on the AI Smart Topping Table, where a smart camera is installed overhead to swiftly identify and track pizza toppings, guiding the staff through each step of assembling the toppings. At the AI Smart Topping Table, the consistency of the ingredients and its quantities are maintained through correction alerts.

It is then baked for 3 minutes in an AI-controlled GOVEN that is twice the temperature as compared to its conventional counterpart.

In just a couple of minutes, the freshly baked GOPIZZA lands on the GOBOT, which is designed to automatically slice the pizzas into GOPIZZA’s signature shape and keep them warm until they are served to the customers.

Airport-Exclusive Flavour & Classic K-Food Delights

Changi Airport Exclusive: GOPIZZA Chilli Crab Pizza

With already over 12 different flavours in its menu, GOPIZZA seeks to spoil patrons’ choices even further with another new addition – The Chilli Crab Pizza. Paying homage to the iconic local dish, this airport-exclusive flavour is infused with the rich and tangy flavours that Singaporeans adore, where every bite promises a symphony of sweet, spicy, and savoury notes, mirroring the beloved taste of the classic chilli-tomato sauce. GOPIZZA’s Chilli Crab pizza aims to satiate both the international traveller’s curiosity and the local’s craving for a taste of home. Alongside the Chilli Crab Pizza, GOPIZZA also launched a series of creatively fresh offerings, such as the Jalapeno Pepperoni Pizza and Truffle Cheese Pizza, also available only at their Changi Airport outlet.

Among other delectable offerings, GOPIZZA remains true to its brand as a Korean pizza brand, introducing Korean delights like Bulgogi Pie, specially curated for the breakfast menu, as well as presenting a classic favourite, Topokki, embodying the essence of Korean street food culture.

All of GOPIZZA’s delicious pizzas are served on GOPIZZA’s Crispy Basak Dough, where it achieves the perfect pizza texture – crispy on the outside, soft and fluffy on the inside. The Crispy Basak Dough is also engineered to withstand delivery, guaranteeing that every pizza, whether enjoyed on the spot or delivered to your door, maintains its oven-fresh taste.

GOPIZZA’s Expansion – Locally and Globally

Locally, GOPIZZA has established an impressive count of 25 outlets across the island after the brand first opened its doors here in 2020. Simultaneously, on a global scale, GOPIZZA is experiencing remarkable growth, with projections indicating that the total number of outlets will reach an impressive 200 by October.

This global expansion plan is in full swing, and GOPIZZA is set to open its fifth outlet in Central Park, Indonesia in November 2023. This expansion comes on the heels of the successful inauguration of CGV Grand Indonesia in 2022 and the recent launch of an outlet in Mall of Indonesia.

GOPIZZA’s innovative approach to pizza-making, driven by cutting-edge technology and an unwavering commitment to taste-consistency, has made it a beloved choice for pizza enthusiasts worldwide, ensuring a bright and promising future for the brand both locally and globally.

Store Information

Nestled between Dunkin Donuts and Boost Juice Bar, GOPIZZA is located at T2 Departure/Transit South, Unit No. 02-K15 at Changi Airport’s Terminal 2 Departure Hall. Operating hours are from 6AM to 1AM daily.

Media Contacts

For media queries, please contact gopizza@preciouscomms.com

About GOPIZZA

Originating from a small food truck in Korea, GOPIZZA has evolved into a food technology company with its own patented technology, GOVEN, capable of baking the perfect pizza in less than five minutes. Additionally, GOPIZZA has developed its special par-baked dough, providing customers with a satisfying bite into the crispy ‘basak’ dough.

Currently, GOPIZZA boasts approximately 200 outlets across South Korea, Singapore, Indonesia, India, Japan, Malaysia, and Hong Kong.

Nissin Foods Announces 2023 Q3 Financial Results

HONG KONG, Nov 9, 2023 – (ACN Newswire) – Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited third quarter financial results for the nine months ended 30 September 2023 (the “Reporting Period”).

The Group recorded revenue of HK$2,956.0 million for the Reporting Period. Gross profit increased by 2.8% to HK$1,005.8 million, and gross profit margin increased by 2.6 percentage points to 34.0% from 31.4% (restated) for the corresponding period of 2022. The increase in gross profit margin was mainly attributable to the price adjustments implemented last year and the easing of raw material costs during the Reporting Period. Profit attributable to owners of the Company for the Reporting Period increased by 16.1% to HK$270.4 million, compared with HK$233.0 million (restated) for the corresponding period of 2022.

Revenue from Hong Kong and other Asian operations was HK$1,142.1 million. As for the Mainland China operation, due to the depreciation of the Renminbi against the Hong Kong dollar, revenue of HK$1,813.9 million (in local currency: -0.2%) was recorded for the Reporting Period.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “We are pleased to have achieved double-digit profit growth amidst the challenging business landscape. During the Reporting Period, the Group continued to implement its strategy of cost control and price adjustment, with the aim of maintaining stable business performance. In view of the uncertain macro environment and economy, we anticipate that the consumer market will remain intense, and therefore we remain cautiously optimistic about the future outlook. Nissin Foods will continue to strengthen its overall competitiveness through a well-diversified product portfolio and premiumisation strategy, while increasing brand recognition in the regions in which it operates, in order to create long-term value for our customers and shareholders.”

About Nissin Foods Company Limited

Nissin Foods Company Limited (“Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index – Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk.

Hong Kong International Wine & Spirits Fair closes

HONG KONG, Nov 5, 2023 – (ACN Newswire) – The 15th HKTDC Hong Kong International Wine & Spirits Fair, organised by the Hong Kong Trade Development Council (HKTDC), ended today after a successful three-day run (3-5 November). The fair drew keen buyers from emerging markets. Several regions stood out including Korea, Mainland China and Taiwan, as well as Southeast Asian countries such as Indonesia and Malaysia, showing healthy potential for development. The return of global buyers to the physical Wine and Spirits Fair underlines Hong Kong’s status as a key trade and distribution hub for wine in the region.

After a successful three-day run, the Hong Kong International Wine & Spirits Fair closed today. Some 7,000 trade buyers and around 9,000 members of the public visited the fair.

The fair drew some 7,000 buyers from 49 countries and regions. On Public Day today the fair was open to ticket holders aged 18 or above, attracting around 9,000 wine enthusiasts to enjoy the beverages and attend events such as masterclasses, wine tasting and seminars.

The Wine & Spirits Fair featured over 500 exhibitors from 17 countries and regions.

The fair attracted renowned importers, wholesalers, retailers and e-tailers – including JD.com, Inc (Mainland China), PT. Pantja Artha Niaga (Indonesia), Royal of Japan Ltd (Japan), NARA CELLAR (Korea), Albert International Wines & Spirits Sdn Bhd (Malaysia), KOT Selections LLP (Singapore), Rose & Young Hunters Global Inc. (Taiwan), Central Food Retail Company Limited (Thailand), African + Eastern (UAE), and Red Apron Fine Wines & Spirits (Vietnam).

Organic wines from different origins were featured in the Wine & Spirits fair, offering options for buyers.

Gathers together global fine wine, cultivates new market opportunities

The HKTDC’s Deputy Executive Director Sophia Chong said: “The 15th Wine & Spirits Fair featured more than 500 exhibitors from 17 countries and regions, where wine sellers and buyers come together again and buyers were keen to source products. Public Day today was also well received, and members of the public enjoyed the wine tasting experience and had fruitful purchases.

“In recent years, Chinese wines have risen in popularity and brought new momentum to the Chinese market. We incorporated these elements in the fair, bringing products from Sichuan, Ningxia and Xinjiang, offering more options for buyers. The HKTDC also held various seminars where industry professionals could explore opportunities in the Chinese wine market. Meanwhile, the global hot topic of sustainable development has also been addressed by the wine industry, as vintners make wines by greener means. Organic wines were also showcased in the fair, creating a sparkling new wave of purchasing trends.”

Eric Fung, Director (Hong Kong) of Japanese exhibitor Flavour of Life G.K., stated: “The wine fair has attracted a significant number of international buyers and is undoubtedly the most important wine trade fair in Hong Kong. We are very pleased with the quality of buyers, most of whom come from Southeast Asia, including India, Vietnam, Cambodia, and Laos. These are high-potential markets for sake. We have also had buyers from Africa, particularly Nigeria, which is an extremely promising market. If it weren’t for participating in this event, we would not have had the opportunity to connect with them.” His firm had established about 25 new connections at the fair, with two or three being high-potential buyers.

Emerging demand for non-alcoholic wines

Gary Lee, the Business Development Director of San Sesan Global Pte Ltd, a buyer from Singapore, said his firm’s primary objective at the event was to source vegan and alcohol-free wines, with a specific focus on products from Spain and Germany. He welcomed the Click2Match platform, which facilitated meeting scheduling and record-keeping. Mr Lee joined 20 business matchmaking sessions, engaging with eight exhibitors offering vegan and alcohol-free wines. “These meetings were highly effective, and I identified several exhibitors with significant potential. There is a good chance that I will place orders with two of them, and each deal we make is typically valued at approximately US$300,000.”

Virginia Cikhita, the CEO of Project X and a buyer from Indonesia, visited the fair to source fine wines and accompaniments. She stated: “We have a great opportunity to order from a Hong Kong exhibitor at least 2,000 bottles of black truffle sauce imported from Finland. We also hope to buy custom water bottles from a Taiwanese exhibitor, as well as at least 3,000 boxes of hangover prevention pills. These products are truly excellent!” She was pleased with the services, including providing e-Badges for buyers, the Click2Match platform, and the new Scan2Match platform that conveniently connects buyers and exhibitors from offline to online.

The fair featured 36 exciting events, including the seminar Baijiu Journey: Savouring the Flavours of China and two Wine Industry Conferences, one of which featured the sole Chinese Master Sommelier in the world, Lu Yang, discussing wine market opportunities in China and Asia. In addition to informative seminars for industry professionals, Public Day featured engaging events such as wine tasting sessions, attracting enthusiastic participation from buyers and visitors, creating a vibrant atmosphere.

Photo download: https://bit.ly/3shCTbx

Websites
Wine & Spirits Fair: http://hkwinefair.hktdc.com/

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: (852) 2584 4137, Email: jane.mh.cheung@hktdc.org
Agnes Wat, Tel: (852) 2584 4554, Email: agnes.ky.wat@hktdc.org

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

Hong Kong International Wine & Spirits Fair opens today

HONG KONG, Nov 3, 2023 – (ACN Newswire) – The 15th HKTDC Hong Kong International Wine & Spirits Fair opened today and will run for three days (3 to 5 November) at the Hong Kong Convention and Exhibition Centre (HKCEC). More than 500 exhibitors from 17 countries and regions showcase fine beverages, as well as wine-related products and services, at this leading industry event in the region.

The 15th HKTDC Hong Kong International Wine & Spirits Fair opened today and continues for three days (3 to 5 November) at the Hong Kong Convention and Exhibition Centre to bring together exquisite wines from over 500 exhibitors from 17 countries and regions.

The HKTDC’s Deputy Executive Director Sophia Chong said: “As impacts of the COVID-19 pandemic fade out, economic activities have returned to normal. The public have been attending more social events, such as parties and wedding ceremonies, boosting the consumption and sale of wines. Reflecting all these factors and considering the impact of a low base effect last year, Hong Kong’s wine exports increased 41.6% to US$300 million (HK$2.35 billion) between January and September this year.”

Italian organic wine, including Prosecco DOC Spumante Brut from La Jara - Boutique Organic Wines, are presented in the fair. Fair participants can try the unique flavours of a wide selection of wines at the organic wine zone (booth number: 3C-C26). — Italian organic wine, including Prosecco DOC Spumante Brut from La Jara – Boutique Organic Wines, are presented in the fair. Fair participants can try the unique flavours of a wide selection of wines at the organic wine zone (booth number: 3C-C26).

“Given Hong Kong’s role as regional wine trade and distribution hub, the annual wine fair organised by the HKTDC covers a wide variety of fine-beverage promotion events, including seminars, tasting sessions and receptions. The fair provides good business-matching opportunities for the industry, brings together wine sellers and buyers from Hong Kong, Mainland China and overseas, and facilitates the market penetration of wines and brands from around the world. The last day of the fair will open to the public (tickets required), giving suppliers a chance to test their products’ suitability for Asian palates,” she added.

Silver Bun-bin complex aroma distilled spirit is made in Hong Kong. The product is distilled from fermented grains and fruits, carrying a soft and sweet fruity aroma. The wine won bronze prize in its first participation of HKGCWS Wine & Spirits Judging Awards in 2019 (booth number: 3C-B24).

In February 2008, as wine demand grew in Asia, the Hong Kong Government removed all duty-related customs and administrative controls on wine to foster the development of Hong Kong as a regional hub for wine trade and distribution, particularly for Mainland China. The mainland and Macao are Hong Kong’s biggest markets, accounting for 69% of exports last year.

In addition to wine trading and distribution, wine-related activities in Hong Kong include auctions, retailing, warehousing, catering and transport. The Census and Statistics Department said 740 establishments imported alcoholic drinks for wholesale last year, up from 310 in 2008. In the same period the number of stores specialising in alcoholic beverage sales increased from 140 to 480.

Global exquisite-wine showcase

Themed Sparkling Business Opportunities for the Wine Industry, the fair presents a wide range of fine beverages, including old-world wines from Italy, Germany and France, as well as new world ones from Australia, Chile and Mainland China. The fair also features Japanese sake, Hong Kong beer, Taiwanese plum wine, whisky, gin, vodka and more.

The 11 group pavilions from around the world – Australia, France, Germany, Italy, Japan, Mainland China and the Hong Kong General Chamber of Wine & Spirits and more – showcase a wide range of products, including the following:

As natural and organic agriculture becomes a trend, the organic wine market continues to grow. The fair features organic wines from Italy, France and Canada.
Chinese fine beverages from Ningxia, Sichuan and Xinjiang also feature. Seizing the opportunity the thriving Chinese fine-beverage market presents, a Hong Kong exhibitor showcases premium wines from Yunnan, offering fair participants the chance to taste top-notch Chinese fine wine. Dance of the Clouds (booth number: 3B-E06) is an exquisite creation from Yunnan Red Winery, crafted using the Le Pourpre grape. Juice from the red-hued flesh of the grape is exclusive to the vineyard.
Wines from less-known regions are also showcased, including Mare Santo Curvee Prestige (booth number: 3C-D12) from Slovenia – a sparkling wine carrying a wide and inviting aroma ranging from cedar to green apple.
Silver Bun-bin is a Hong Kong-made distilled spirit with a complex aroma (booth number: 3C-B24). The product is distilled from fermented grains and fruits, carrying a soft and sweet fruity aroma. It won bronze prize in its first participation in HKGCWS Wine & Spirits Judging Awards in 2019.
Chako Peach & Ginger Oolong Sparkling Tea Cocktail (booth number: 3C-C34) is a vodka-based sparkling tea cocktail with the sweetness of peach and an underlying ginger spiciness. This product won a Silver Medal in an international competition, The Spirits Business – Global Pre-Mixed & RTD Masters 2022.

The Wine and Spirits Fair also features zones that promote the industry’s all-round development, including Wine Education as well as Wine Accessories, and Services. The Friends of Wine zone showcases food-and-wine-pairing products.

Sustainable wine, Chinese fine beverages under spotlight

More than 30 events – including tasting sessions, seminars and masterclasses – will offer fair participants a chance to sample global fine wines during the fair.

At the Opening Reception tonight, Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, will be Guest of Honour. The first session of the Wine Industry Conferences EcoVino: Sustainability Trends and Solutions took place today and another session, Uncorking Opportunities: Mapping the China & Asian Wine Markets will be held tomorrow, when Master Sommelier Yang Lu and industry elites discuss business opportunities in the region.

Mainland fine-beverages are rapidly becoming popular, creating a market trend. Multiple seminars and tasting sessions will focus on business potential for baijiu and Chinese wines in overseas markets. Fine alcohols from Sichuan, Ningxia and Xinjiang will be introduced at the fair. Participants can savour the unique Chinese flavours. A Vino Joy News seminar titled China Uncorked: Navigating the New Normal in Wine Trends will feature experts and celebrities discussing post-pandemic wine trends in Mainland China.

The fair will host four wine industry prize presentation ceremonies and competitions. The award-giving ceremonies of Cathay Hong Kong International Wine and Spirit Competition 2023 and WineLuxe’s Top 10 Food and Wine Pairing Restaurant Award are held today and tomorrow respectively. The Hong Kong Bartenders Association hosts the Hong Kong International Mixology Showdown 2023 today while WineLuxe’s Hong Kong Best Gin Cocktail Awards 2023 will be held on Public Day on Sunday.

Public Day welcomes wine lovers

The last day of the Wine & Spirits Fair (5 November, Sunday) will be the Public Day and both buyers and ticket-holding members of the public aged 18 or above are welcome. Multiple highlight events will be held on Public Day, including a tasting session hosted by experienced sommelier Sammy Leung, who will explore wines from Gladstone Vineyard in New Zealand; a Sip Around the World with CC session hosted by another prominent wine critic Cecilia Wong. Visitors can also sample and learn about more than 10 labels of whisky and other liquor at the Whisky & Spirits Bar.

On Sunday, regular tickets are available to the public onsite at a price of HK$200. They can also buy the tickets at the special pre-event price of HK$99 through HK01, HKTVMall, KKday, OpenRice, PopTicket, Price.com.hk, Trip.com, Timable and WineNow. Ticket buyers will receive a Lucaris crystal wine glass (original price: HK$110) on a first-come, first-served basis.

Websites
Wine & Spirits Fair: http://hkwinefair.hktdc.com/
Product highlights and photo download: Click here

Photo download: https://bit.ly/3QHKwBn

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: +852 2584 4137, Email: jane.mh.cheung@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

About HKTDC

Wine & Spirits Fair showcases drinks from across the globe

HONG KONG, Oct 24, 2023 – (ACN Newswire) – The HKTDC Hong Kong International Wines & Spirits Fair, organised by the Hong Kong Trade Development Council (HKTDC), will be held from 3 to 5 November, Friday to Sunday, at the Hong Kong Convention and Exhibition Centre. The 15th edition of the Fair will assemble more than 500 exhibitors from 17 countries and regions to showcase fine beverages from around the globe as well as wine-related products and services.

The HKTDC's Deputy Executive Director Sophia Chong said the 15th Wine and Spirits fair will bring together more than 500 exhibitors from 17 countries and regions. — The HKTDC’s Deputy Executive Director Sophia Chong said the 15th Wine and Spirits fair will bring together more than 500 exhibitors from 17 countries and regions.

The first two days will be open to industry professionals and buyers while the last day, (5 November, Sunday), will also open to public visitors with tickets, offering wine lovers an exceptional opportunity to enrich their knowledge and sample a broad selection of wines from around the world.

Angel Champagne Asia Ltd, Flavour Of Life Ltd, JH Joy&Harmonie UG, Leung Yick Company Ltd, Ningxia Xige Estate Co., Ltd, Oriental Pearl (HK) Ltd, Premium Wine Negociants Pty Ltd, Wiseville (Asia-Pacific) Ltd and Wuliangye International (HK) Ltd will showcase their wine products at the Fair.

The HKTDC’s Deputy Executive Director Sophia Chong said the COVID-19 pandemic had hit the wine industry but the market was full of potential and was expected to grow continuously. Data portal Statista estimated that global wine industry revenue would amount to US$333 billion this year, with sales growth projected at 5.52% annually between 2023 and 2027.

“Hong Kong is a key connector to the wine and liquor market in Asia. Given the growth in consumption power in Mainland China, many wine merchants are now making inroads into this sizeable market. A lot of international wine companies have set up operations in Hong Kong to seize business opportunities in Mainland China and around the world. As an elite global trading platform for fine wine, the Wine & Spirits Fair brings tremendous opportunities to local, mainland and international wine corporations,” she said.

Statista predicted mainland wine-sector revenue would reach US$27.2 billion this year and grow 3.93% annually between 2023 and 2027. An HKTDC market research survey conducted in 2020 showed mainland consumers were growing increasingly knowledgeable about wine. Of the respondents, 25% said they had intermediate or advanced knowledge of wine, and 41% said they drank wine at least once a week.

Given its status as a dutyâ€‘free port, wine merchants and investors regard Hong Kong as the most costâ€‘effective and convenient distribution hub to store investment-grade wines for delivery to markets on demand. Mainland China and Macao, which accounted for about 69% of wine exports last year, were the major destinations. In value terms, Hong Kong wine exports increased 45.1% last year.

Showcase for quality global wines

The 15th Wine & Spirits Fair will feature a diverse range of fine beverages, including old-world and new-world wines, wines and liquor from Mainland China and Japan, as well as whiskies and beers. The fair will feature 11 group pavilions showcasing products from Australia, France, Germany and Italy, Japan, Mainland China, as well as the Hong Kong General Chamber of Wine & Spirits. Notable products include:

– Domaine Laureau Savennières Les Genêts 2018 embraces biodynamics and organic farming. This wine reveals intense peach and honey aromas, along with minerality, that carry through to the palate.

– NV Brut Rose White features flavours of strawberries and créme anglaise, creating a well-balanced and silky texture. This exceptional wine was honoured with a gold medal at the Sommelier Wine Awards in the United Kingdom.

– 2023 Hither and Yon Fiano originates from Campania in southwestern Italy, where it is regarded as a strongly flavoured, lifted aromatic variety. This particular wine is known for its crunchy, refreshing, and light profile, containing a moderate alcohol content of just 11%.

– Xige N28 Chardonnay, from Ningxia Autonomous Region, shows lively and complex aromas of fresh tropical fruits such as pineapple, melon and grapefruit, as well as honey and fresh creamy notes thanks to oak-barrel fermentation. The wine is round with a well-balanced acidity, an elegant expression of Chardonnay. It was served at the welcoming dinner for French President Emmanuel Macron’s visit to China in April this year.

In addition to beverages, the Wine & Spirits Fair features zones that promote the industry’s all-round development, including Wine Education as well as Wine Accessories, Equipment and Services. Snacks and nibbles to accompany wines will be showcased in the Friends of Wine zone.

Key events explore sustainable wine industry

Wine & Spirits Fair events include wine-tasting sessions where buyers and visitors can try fine wines from around the world.

The Opening Reception on the first night will welcome Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, as Guest of Honour. Also on the first day, Wine Master Debra Meiburg will host a Wine Industry Conference titled EcoVino: Sustainability Trends and Solutions, to explore sustainability trends and solutions with experts including a representative from the United Kingdom’s Sustainable Wine Roundtable. Another Wine Industry Conference titled Uncorking Opportunities: Mapping the China & Asian Wine Markets will be held on the second day, in which Master Sommelier Yang Lu and industry elites will explore business opportunities in the region.

Various seminars and tasting sessions will explore wine trends in different regions and markets, and introduce wines, sakes, whiskies, beers and more, offering participants a chance to savour unique flavours.

Prize-giving ceremonies for the Cathay Pacific Hong Kong International Wine and Spirit Competition 2023 and WineLuxe’s Top 10 Food & Wine Pairing Restaurant Award will be held on the first and second day respectively. The Hong Kong Bartenders Association will also host the Hong Kong International Mixology Showdown 2023, themed Artistic Elixir, on the first day.

Public Day welcomes wine enthusiasts

The last day of the Wine & Spirits Fair (5 November, Sunday) will be the Public Day, which welcomes both industry professionals and members of the public aged 18 or above. Regular tickets are priced at HK$200*.

Multiple tasting sessions and masterclasses will be held on the Public Day, including a “Sip Around the World with CC” session hosted by renowned wine critic Cecilia Wong, and a tasting session of Austrian wine by Master of Wine Debra Meiburg. Citizens visiting on Public Day can register for the events on the 15th Wine & Spirits Fair’s website.

*Ticket details: Members of the public can buy Public Day tickets at the special price of HK$99 through HK01, HKTVMall, KKday, PopTicket, Price.com.hk and Timable. Ticket buyers will receive a Lucaris crystal wine glass (original price: HK$110) on a first-come, first-served basis.

Websites:

Wine & Spirits Fair: http://hkwinefair.hktdc.com/

Photo download: https://bit.ly/46EeXxO

Media enquiries
The HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: (852) 2584 4137, Email: jane.mh.cheung@hktdc.org
Agnes Wat, Tel: (852) 2584 4554, Email: agnes.ky.wat@hktdc.org

About HKTDC

Moolec Science Presents Fourth Quarter FY 2023 Business Update

Luxembourg, Oct 21, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, today reported its Business Update for the fourth quarter of Fiscal Year 2023 ended June 30, 2023.

The main highlights of the Company’s business update are as follows:

– Piggy Sooy(TM): introducing a soybean platform that can produce high amounts of pork protein.
— The animal protein reached high expression levels of up to 26.6% of total soluble protein in soy seeds, 4x higher than initially projected by the Company.
— Completed Regulatory Status Review submission from USDA-APHIS and engaged in pre-submission discussions with FDA.
— New patent was successfully filed.
– Moolabs: New Moolec’s Molecular Biology Lab in Texas A&M University Bioscience Business Accelerator.
– GLASO: 2023 safflower campaign finished with ~50% above average crop yields.
– Capital Raise: ~$30 million from strategic investors in cash and in-kind contributions.

“Looking back, I am incredibly proud of what Moolec has accomplished. We set ambitious goals, and our unwavering commitment to innovation and excellence has allowed us to not only meet but exceed our objectives. Our team’s relentless dedication and innovations achieved unprecedented scientific results,” stated Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

“This year, Moolec achieved important milestones that not only reflect our technological ability but also our investment backing. In addition to the $10 million raised during Fiscal Year 2023, we were able to commit $30 million from strategic investors in a challenging financial market environment. These commitments will drive Moolec´s business model forward through additional liquidity and enhanced capabilities,” said José López Lecube, Chief Financial Officer and Director of Moolec Science. He added, “Our sources of financial support and funding avenues are adequate and work to support our commitment to innovate in the food industry.”

For a full version of Moolec’s fourth quarter Fiscal Year 2023 Business Update, click here. https://pr.report/kLEIeFQN

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar.

To access the call, please use the following information:
– Date: Monday October 23, 2023- Time: 09:00 am ET
– Link to join the webinar: https://us06web.zoom.us/j/84198066199
– Dial In: +1 507 473 4847 US | Webinar ID: 841 9806 6199
– International numbers available: https://us06web.zoom.us/u/kbOMXArmP

Please connect 5 minutes prior to the start time to register and join.

A replay and the pdf version of the presentation will be available approximately two hours after the conclusion of the live event via the company’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal-based food, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean and safflower. Recently, it acquired plant-based ingredient capabilities to consolidate Molecular Farming Technology. Moolec has a growing international patent portfolio (25, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Moolec’s Annual Report on Form 20 – Filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones, Chief of Staff & Sustainability, comms@moolecscience.com
Martín Taraciuk, Investor Relations, ir@moolecscience.com
Michael Bowen, ICR, LLC moolecir@icrinc.com

Tianyun International reached a strategic agreement with a Malaysian tropical fruit producer

HONG KONG, Oct 18, 2023 – (ACN Newswire) – Tianyun International Holdings Limited (“Tianyun International”, together with its subsidiaries, (the “Group”) (Stock Code: 6836.HK), a leading seller and manufacturer of processed fruit products in the People’s Republic of China (“PRC”), is pleased to announce that the Group entered a strategic co-operation agreement with Tuah Tacunan Sdn Bhd (“Tuah Tacunan”), a tropical fruit producer in Malaysia. Both parties agreed to establish a comprehensive strategic partnership in the sale of tropical fruits and fruit processing, with the aim of building a strong supply chain system of fresh tropical fruits as well as the upstream and downstream supply chain, extending the Group’s industrial chain and enhancing the Group’s branding effect and international reputation. At the same time, Tuah Tacunan’s production base in Sabah, Malaysia enjoys an excellent natural and geographical location and has benefited from the Regional Comprehensive Economic Partnership (“RCEP”) tariffs effective from 18 March 2022, which will facilitate the Group’s development of the tropical fresh fruit trade and enhance its competitiveness.

Tuah Tacunan’s Tropical Fresh Fruit Farm in Sabah, Malaysia

Under the agreement, the Group will leverage Tuah Tacunan’s strengths in tropical fresh fruit cultivation and raw materials to expand its range of unique, natural and quality tropical fruits, including Musang King Durians, coconut, rambutan, pineapple, etc., to a wider sales market. At the same time, the Group will actively assist Tuah Tacunan in developing tropical specialty fruits on more than 3,400 acres of agricultural land under its management in Sabah, establishing a production base for fruit processing products and introducing some of its fresh fruits into the Group’s existing fruit processing product range. In terms of product R&D, both parties have established a close co-operative relationship in the areas of fresh fruit variety development and fruit processing products development, etc., to provide consumers with higher-quality and fresher tropical fruits and processed products. Both parties will also leverage their unique strengths in their existing fields and strengthen co-operation in technology, management and branding to create strong synergies and further enhance their market positions.

Mr. Yang Ziyuan, Chairman and CEO of the Group, said, “We are very pleased to have reached this agreement with Tuah Tacunan. We believe that through the strategic co-operation, the Group will be able to effectively leverage Tuah Tacunan’s advantages in local resources and raw materials, keep abreast of the local market, develop a network for the sale of tropical fruits as well as the processing and distribution of fruits, and step up our efforts in introducing new varieties of fruits, advanced technology and management experience from abroad, thereby broadening the scope of co-operation between the two parties in the production, research, trading and other aspects of tropical fruits. This will broaden the scope of co-operation between the two sides in the production, scientific research and trade of tropical fruits. The Group is confident that this strategic partnership will create considerable synergies and enhance its competitiveness and market share in both domestic and overseas markets.”

“The Group has been actively pursuing strategic cooperation with various business partners to promote the Group’s quality, healthy and diversified processed fruit products and beverages to a wider range of markets at home and abroad. We also hope to inject more elements into our quality health products through co-operation with different partners. Looking ahead, the Group will continue to invest in research and development and innovation to provide consumers with quality, healthy and diversified processed fruit products and beverages, to realise its vision of becoming an international processed food enterprise and to repay the support and trust of the community and consumers.”

About Tianyun International Holding Limited (Stock Code: 6836.HK)

Tianyun International Holdings Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) are principally engaged in (i) the research and development, production and sales of processed fruit packaged in metal containers, plastic cups, glass containers and aluminum foil bags and beverages and (ii) trading of fresh fruit. Processed fruit products are sold both under its own brands “Bingo Times”, “fruit zz” and “Tiantong Times” and on an OEM basis. The beverages are sold under its own brand “Shiok Party” and “Demon Fruit Season”.

The Group has been consistently committed to providing its customers with healthy and safe products. As a food enterprise with one of the most complete quality certifications, we rigorously adhere to stringent international production standards and are accredited with BRC (A), IFS Food (High), FDA, HALAL, SC, KOSHER, ISO9001, ISO45001, ISO14001，SMETA and CQM, in respect of our production facilities, quality control and management. The Group has also passed the internal food production standards reviews and audits from several UK and US supermarket chains. At the same time, as a Chinese “Equal production line; Equal standard; Equal quality” food production and export enterprise, the Group has been supplying products of consistent quality to domestic and international markets.

The Group was awarded China’s Most Promising Listed Companies by internationally renowned financial magazine Forbes, and the “2017 Linyi Mayor Quality Award” by the PRC government in 2017. The Group’s new and proprietary researched, developed and produced pure fruit snack food received a national “Certificate of Invention Patent” in 2018. In 2019 and 2022, the Group was awarded the national Hi-tech Enterprise Certificate for consecutive four years. In 2020, the Group was also recognised as one of the Most Valuable Chinese Brands for the fourth consecutive year. In 2023, the Chairman and CEO of the Group was selected as one of the “2023 Top 30 ESG Entrepreneurs in the Greater Bay Area” by Forbes China.

For more information, please visit www.tianyuninternational.com

Yowie Unveils Spooktacular Halloween Costume Contest: A Chance to Win Sweet and Spooky Prizes

CHICAGO, IL, Oct 17, 2023 – (ACN Newswire) – Get ready for a Halloween celebration like no other as Yowie, the beloved surprise-inside chocolate brand, announces its exciting Halloween Costume Contest. This event promises a spine-tingling treat for all Yowie enthusiasts in the USA and Australia.

Starting Monday, October 16th, 2023, and running until November 3rd, Yowie’s Halloween Costume Contest is set to make this Halloween season extra special with prizes for the cutest, spookiest and sweetest costumes. Participants can win not only sweet treats but also a range of Yowie merchandise that will leave them spellbound.

How to Enter: Entering the Yowie Halloween Costume Contest is as easy as pumpkin pie! Just follow these simple steps:

– Wear your cutest, spookiest, or sweetest Halloween costume.
– Share a photo of your enchanting costume in the comments section of the contest post on Yowie’s official social media pages – Instagram, Facebook, or TikTok.

Prizes Await the Most Enchanting Costumes:

Yowie is thrilled to announce three tantalizing prize packs that will be awarded to the cutest, spookiest, and sweetest Halloween costumes. The lucky winners in each category will receive a Yowie prize pack filled with delectable Yowie chocolates and a range of spooktacular Yowie merchandise.

– Cutest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie drawstring sports bag
– Rare Yowie figurines: Baby giraffe, glass frog
– A set of Yowie books
– Sweetest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie canvas bag
– Rare Yowie figurines: Baby giraffe, glass frog
– A glass water bottle
– A reusable straw
– Spookiest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie canvas bag filled with Yowie surprises
– Rare Yowie figurines: Baby giraffe, glass frog
– A full set of Yowie figurines from Series 1
– A snack bottle
– A Yowie patch

Make sure to follow @yowieworld on Facebook and unleash your creativity this Halloween for a chance to win these exciting prizes!

Terms and Conditions:

– The competition will conclude on November 3, 2023.
– One comment equals one entry.
– Entrants must be over the age of 13 years and be able to provide proof of age upon request. Parents and/or guardians are able to enter on behalf of children under the age of 13.
– This contest is open across Instagram, Facebook, and TikTok, and is not affiliated with any of the aforementioned platforms.
– Eligible participants must be residents of the USA or Australia.

Yowie’s Halloween Costume Contest is set to create spooktacular memories this season, so dress up in your cutest, sweetest or spookiest costume and join the fun!

About Yowie:

Yowie is a popular chocolate brand known for its delicious treats with a surprise inside. Each Yowie chocolate reveals a collectible figurine, making it a delightful experience for children and collectors alike. The brand is committed to promoting education and conservation by sharing fun facts about the natural world with every figurine.

Any questions, please reach out to Devin Mainville at devin@kmkmedia.com or 779-221-3764 and get your Halloween on!

Moolec Science Announces US $30 Million Capital Raise With Strategic Investors

Luxembourg, Oct 17, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC; “Company”; “Moolec”), a science-based food ingredient company, announced today that it has entered into agreements to issue a convertible note due 2026 to Grupo Insud (“Insud”) in a principal amount of approximately US $21 million (the “Insud Convertible Note”) with a strike price of US $6.00 per share. The Insud Convertible Note will be issued against a cash payment of US $10 million and in-kind contributions to be made by Insud to Moolec. In-kind contributions include credits to access Insud’s state-of-the-art industrial capabilities, operational services, and the incorporation of Joint Venture participation, started with Moolec in 2021. At maturity, Moolec will hold the option to deliver ordinary shares, cash, or a combination of cash and ordinary shares.

This transaction follows Moolec’s previous announcement that it entered into a Memorandum of Understanding with Bioceres Crop Solutions (NASDAQ:BIOX; “BIOX”) that secures the supply of approximately 15,000 tons of HB4® soybeans (the “BIOX Supply Agreement”) that may be upsized for a similar volume. The BIOX Supply Agreement will be paid through the issuance of a convertible note (the “BIOX Convertible Note” and together with the Insud Convertible Note, the “Convertible Notes”) on arms-length terms to the Insud Convertible Note.

Under the BIOX Supply Agreement, Bioceres Crop Solutions will engage with Generation HB4® farmers to source and deliver to Moolec soybeans with a sustainability-linked premium, which are produced under regenerative agricultural practices, minimizing water, carbon, and chemical footprints. The Generation HB4® program is an identity-preserved farming program that utilizes HB4® drought-tolerance technology to enable soybean-wheat crop rotations and improve agricultural sustainability.

Together, the Convertible Notes total approximately US $30 million of cash and in-kind contributions that include soybean inventories, operational services, and the acquisition of Joint Venture equity.

“We are thrilled to announce these agreements, which highlight the importance of incorporating strategic players as shareholders. We are very proud to count with Insud, a biotech leader in life sciences industries, and Bioceres Crop Solutions, a top-notch ag-biotech player, as key partners for the upcoming stages of the Company’s development,” said Gastón Paladini, Moolec’s Chief Executive Officer. “We all share the common purpose to redefine the way we produce animal-based food, for good and for all. These engagements reinforce our vision and our shareholders’ long-term commitments, while motivating Moolec´s Team to achieve the milestones to come,” concluded the CEO.

“We are proud to support Moolec with this transaction and throttle the evolution of its pipeline to bolster Moolec as a technology leader in the food industry. Our constant pursuit of excellence and innovation drives our partnership policies, not only by providing funding but also by offering our experience as an innovative company in the biotechnology space. It is Insud’s purpose to foster new and better ways of improving people’s lives,” said Manuel Sobrado, Executive Director of Grupo Insud in Argentina.

“This capital raise strengthens our financial position and allows us to accelerate our business model in a challenging financial market. The notes provide healthy optionality for Moolec to convert into common shares or cash in three years’ time,” said José López Lecube, Moolec’s Chief Financial Officer. “Cash proceeds will be used to continue funding key R&D projects and in-kind contributions will secure the needed working capital to ramp up our commercialization plan and product development initiatives,” he added.

About the Convertible Notes

The Insud Convertible Note will mature in 36 months after they are issued, will initially accrue interest 10.0% p.a. and include a “payment-in-kind” feature. If the trading price of Moolec’s ordinary shares exceeds the strike price of US $6.00 per ordinary share (the “Strike Price”) for 10 trading days, Insud will have the option to exercise the early conversion option pursuant to which the principal amount outstanding under the Insud Note may be converted into ordinary shares of Moolec at the Strike Price. The Strike Price represents a premium of approximately 100% of the 20-day VWAP of Moolec’s ordinary shares. At maturity, Moolec has the option to convert the principal amount outstanding under the Insud Note into ordinary shares. In connection with Insud’s early conversion option and Moolec’s optional conversion at maturity, Moolec may deliver ordinary shares, cash, or a combination of cash and ordinary shares to Insud. The in-kind contributions to be made by Insud to Moolec are subject to the completion of an independent appraisal procedure in accordance with Luxembourg law. The BIOX Convertible Note is expected to be issued on substantially similar terms as the Insud Convertible Note.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal-based food, for good and for all. The Company’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean, pea, and safflower. Recently, Moolec acquired plant-based ingredient capabilities to consolidate its Molecular Farming Technology. Moolec has a growing international patent portfolio (25, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America.

About Grupo Insud

Grupo Insud is a global company focused on innovation, sustainability, and development in different industries such as pharma, agribusiness, and renewable energy. With operations in over 40 countries and more than 8,000 people committed to pursue excellence and undertake new challenges.

About Bioceres Crop Solutions Corp.

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) is a leader in the development and commercialization of productivity solutions designed to regenerate agricultural ecosystems while making crops more resilient to climate change. To do this, Bioceres’ solutions create economic incentives for farmers and other stakeholders to adopt environmentally friendlier production practices. The company has a unique biotech platform with high-impact, patented technologies for seeds and microbial ag-inputs, as well as next-generation Crop Nutrition and Protection solutions. Through its HB4® program, the Company is bringing digital solutions to support growers’ decisions and provide end-to-end traceability for production outputs.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Moolec’ Annual Report on Form 20-Filled with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information

Catalina Jones, Chief of Staff & Sustainability, comms@moolecscience.com
Martín Taraciuk, Investor Relations, ir@moolecscience.com
Michael Bowen, ICR, LLC, moolecir@icrinc.com