Aquilius Investment Partners Closes Its Maiden Secondaries Fund at over US$400 Million

SINGAPORE, Apr 19, 2023 – (ACN Newswire) – Aquilius Investment Partners ("Aquilius" or the "Firm"), a Singapore based investment manager focused on secondaries in the Asia Pacific region, has announced the final closing of its maiden AIP Secondary Fund I, LP. ("AIP SF I"), at over US$400 million in client commitments. Alongside these commitments, the Firm has raised an additional US$200m of managed accounts available for co-investments from its investors. AIP SF I's limited partners include global institutional investors such as sovereign wealth funds, endowments, and family offices.

Christian Keiber, Founding Partner, said: "We have seen strong institutional demand for our dedicated Asia secondaries strategy and are grateful for the trust that our clients have placed in us with the closing of our maiden fund. As investment managers, we seek to provide our clients with a differentiated, lower-risk access to Asia's private markets and we are excited by the market opportunity, which continues to grow rapidly across both traditional LP secondaries and more complex GP-led secondaries transactions."

Through AIP SF I, Aquilius is targeting investments in traditional and non-traditional secondaries transactions across the fast-growing and largely untapped Asia Pacific region. To date, the fund has made existing investments across a comprehensive set of secondary solutions ranging from the acquisition of limited partnership interests to recapitalization of closed-ended funds and joint ventures, and seeks to capitalize on the liquidity needs across Asia's private markets landscape.

Bastian Wolff, Founding Partner, said: "We created Aquilius to provide custom-tailored liquidity solutions for both Limited and General Partners across their private market investments in the region. We are seeing an increasing need for our product, driven by a slow-down in overall exit activity, a significant tail of unrealized NAV across older fund vintages, and a changing regulatory environment. Our approach is focused on solving investors' headaches through flexible, patient, and solutions-oriented capital and our deep local experience and network position us well to do so."

ABOUT AQUILIUS INVESTMENT PARTNERS

Founded by Bastian Wolff and Christian Keiber, Aquilius is a specialized provider of secondaries solutions in the Asia Pacific region. Headquartered in Singapore, Aquilius' platform is designed to serve the entirety of the Asian secondaries market, with capabilities spanning across LP fund transfers, GP-led transactions, and secondary direct transactions. Aquilius' team consists of senior professionals with long tenures in investment management at leading global private markets organizations and have executed over US$2 billion of transactions through market cycles. www.aquilius.com

MEDIA CONTACT
PRecious Communications
Email: aquilius@preciouscomms.com
Tel: +65 6303 0567

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

GBA Business Confidence Index increment on record high

HONG KONG, Apr 17, 2023 – (ACN Newswire) – Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the GBA Business Confidence Index (GBAI) for the first quarter of 2023. The current performance for "business confidence" jumped 11.8 points to 51.3, which was also the first above-50 print since the fourth quarter of 2021. The expectations index leapt to 61.5, the 16.4 points jump was the biggest on record since GABI was launched in the second quarter of 2020. The better-than-expected GBAI reflected that companies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) had regained confidence as normal travel between Hong Kong and Mainland China fully resumed.

Mr Kelvin Lau, Senior Economist, Greater China, Standard Chartered, and Ms Irina Fan, Director of Research, HKTDC, announced the latest "GBA Business Confidence Index" (GBAI) at a press conference today (17 April).

Sub-indices surge across board

Both the current performance and expectations sub-indices for business activity of all industries rose. Financial Services (59.8) and Innovation and Technology (54.3) topped current performance index; while Professional Services (65.2, up 19.1 points), Manufacturing and Trading (61.3, up 17 points) and Financial Services (67.4, up 16.9 points) showed the strongest improvements in expectations index.

Dongguan, Guangzhou and Shenzhen lead bulls

The current performance and expectations sub-indices rebounded for business activity in all GBA cities; Foshan (55.1), Dongguan (53.5) and Hong Kong (51.6) performed better for the time being, while the strongest growth in expectation index was registered in Dongguan (69.6, up 32.5 points), Guangzhou (67.7, up 24.6 points) and Shenzhen (60.8, up 13.7 points).

Sustained recovery expected

"As Mainland swiftly acquired herd immunity after the reopening early this year, economic activities have resumed speedily. This was reflected in the 'business confidence' level of companies operating in GBA rebounding significantly in the first quarter this year," said Mr Kelvin Lau, Senior Economist, Greater China, Standard Chartered.

"With the support of government policies and boundary reopening, we see little reason to doubt the sustainability of the post-COVID recovery for now. As many GBA companies are still operating below pre-COVID levels, there appears plenty of room still for GBA businesses to play catch-up and return to trend," he added.

Hong Kong sub-indices hit peak

Ms Irina Fan, Director of Research at the HKTDC, said: "The increase in current performance index was prompted by the sharp rise in new orders. It is also worth noting that the profit index (52.5) returns to expansionary territory, showing business improvement for those interviewed."

"In addition, the two sub-indices for Hong Kong hit the highest level since GBAI was launched in the second quarter of 2020, reflecting that local companies are turning optimistic for the city's outlook."

Industrial production, services and fixed-asset investment growth all reaccelerated in the first two months of this year, she added. "The recent string of encouraging macro data explained the positive sentiments, confirming that China's economy has turned the corner post-COVID."

Back to normal by 2024

The GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.

Close to two-thirds (65%) of the interviewees said relaxation of mainland pandemic measures would positively impact their business for the rest of this year. More than half (53%) of the respondents said they had raised the business targets since the resumption of normal travel earlier this year. About 60% of them expected business – in terms of workforce, capacity utilisation, orders and sales – back to or exceeding the pre-COVID level in the fourth quarter.

Improved consumption on the mainland is expected but respondents remain concerned about rising raw-material costs, geopolitical tensions and intensifying competition within the industry. They hope expanding domestic demand, new GBA-specific policies, more attractions for foreign investments and more supports to the private sector will further improve the business operating environment.

Related materials
– Standard Chartered GBA Business Confidence Index Report: https://bit.ly/3A3GmKZ
– HKTDC Research: https://research.hktdc.com
– Photos download: https://bit.ly/3mynG2Y

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world's most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR's three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

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 trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries

Corporate Affairs Department
Standard Chartered Bank (Hong Kong) Limited
Sharon Cheung
Tel: +852 3843 0144
Email: sharonps.cheung@sc.com

Communications & Public Affairs Dept
Hong Kong Trade Development Council
Beatrice Lam
Tel: +852 2584 4049
Email: beatrice.hy.lam@hktdc.org

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

Society Pass Inc. (Nasdaq: SOPA)’s Travel Platform, NusaTrip, Acquires Vietnam’s VLeisure, Marks its First Acquisition Outside of Indonesia

JAKARTA, Apr 13, 2023 – (ACN Newswire) – NusaTrip ("NusaTrip"), a leading Jakarta-based, IATA-licensed Online Travel Agency ("OTA") and the travel vertical of Society Pass Inc (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of VLeisure, a Ho Chi Minh City, Vietnam-based online B2B hotel platform servicing small-to-medium size hotels in Vietnam and empowering online and offline travel agencies to manage and distribute travel products and services. The VLeisure acquisition extends NusaTrip's base of operations and geographical reach outside of Indonesia for the first time. Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.

The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic. The marked increase in demand is driven by strong government initiatives to boost tourism, the rise of SEA's burgeoning middle class and strong internet penetration, which enables more Southeast Asians to more easily book flights and hotels through OTAs. According to Web In Travel, gross bookings in 2025 will reach 94% of the record 2019 levels. And according to the Vietnam National Administration of Tourism, the tourism sector expects to welcome 110 million tourist arrivals in 2023, valued at US$27 billion, representing 5.7% of Vietnam's projected 2023 GDP of US$469 billion.

Leveraging on SoPa's capital and NusaTrip's technology, VLeisure will market its hotel management SaaS products to small-to-medium size hotels initially in Vietnam and then to the rest of SEA. In addition, NusaTrip now acquires an operational foothold to significantly expand its B2C and B2B businesses in Vietnam. Phan Le, VLeisure Founder and Managing Director, comments, "I am honoured to join the SoPa ecosystem and Nusatrip. With SoPa's rapid growth in 2021 and 2022 and NusaTrip's position as a leading IATA-licensed travel platform in Indonesia, VLeisure now is able to access our parent companies' infrastructure of capital, technology, marketing, and customer support, allowing VLeisure to better serve our Vietnam-based customers and accelerate growth in our hotel business. VLeisure's trip planning, booking capabilities, hotel technology expertise complements Nusatrip's existing travel services to deliver a more personalised user experience. Furthermore, as a Vietnamese, I am proud to join the first Vietnam-based company to be listed on Nasdaq. SoPa's Nasdaq IPO in November 2021 is truly an historical event for Vietnam's economy and an inspiration for all Vietnamese entrepreneurs."

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure empowers Vietnamese, regional and international OTAs by distributing their travel products. Travel agents access to VLeisure's extensive inventory of over 650,000 registered hotels. It is also a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer and NusaTrip Chairman, expounds, "We happily welcome VLeisure into our ever-expanding NusaTrip ecosystem. VLeisure seamlessly blends into our user and merchant growth strategy. We combine NusaTrip's robust flight B2B technology and B2C operational breadth with VLeisure extensive hotel management software solutions. With Phan's significant experience and knowledge of the Vietnamese travel sector, I appoint him as the Managing Director of Nusatrip Vietnam. As Head of our Hotel Business, his expertise in hotel technology allows him to create unique travel goods and services that meet the demands of Vietnamese travellers."

Mr. Nguyen further explains, "As a Vietnamese, I am especially proud to continue to finance and support Vietnam's start-up sector with this VLeisure acquisition. I believe that our Vietnamese entrepreneurs will continue to be an example for the rest of SEA. We look no further than the example of Phan Le."

About VLeisure

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure is a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. In addition, travel agents access to the company's extensive inventory of over 650,000 registered hotels. VLeisure is now an integral member of NusaTrip. For more information, please visit: https://www.vleisure.com.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

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

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

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

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

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

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
Rosa Milyarna – NusaTrip
rosa@nusatrip.com

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

Mitrade Launches Mitrade Academy: A Fun and Engaging Way to Learn Trading

MELBOURNE, AUSTRALIA, Apr 5, 2023 – (ACN Newswire) – Mitrade, the leading online CFD trading platform, has announced the launch of Mitrade Academy. Mitrade Academy is designed to cater to traders of all levels, providing them step-by-step guidance in their respective learning journeys. Users are able to access a wide range of interactive courses, tutorials, and resources that cover all aspects of trading. The academy can be accessed via web and mobile browser.

Mitrade Academy is accessible via both mobile and web browsers, providing a convenient and flexible way to learn trading anytime, anywhere. — *Mitrade Academy is accessible via both mobile and web browsers, providing a convenient and*
*flexible way to learn trading anytime, anywhere.*

Mitrade Academy’s key feature offers the ability to save progress and resume anytime anywhere. This feature enables learners to continue their studies from where they left off, regardless of the location or the device they are using. On top of that, users are able to use one account to transition seamlessly between education to application. Enabling them to reinforce their learning by putting theory into practice immediately.

The development of Mitrade Academy is led by a team of trading experts, with their experience and dedication to helping traders succeed in the markets, the team is committed to achieving Mitrade’s goal of offering a simplified trading experience through the academy. You can start learning about trading here.

A sneakpeak of Mitrade Academy's platform — *A sneakpeak of Mitrade Academy’s platform*

Wide range of trading courses available

Mitrade Academy offers an extensive range of courses that cover various aspects of trading, including technical analysis, risk management, and trading psychology for all levels. The courses are interactive and feature practical examples and case studies to help traders apply what they have learned to real-world trading scenarios. Mitrade Academy plans to release new courses every month, providing traders with a consistent stream of fresh learning materials.

Learn at your own pace

Mitrade Academy recognizes the difficulty of finding the time to finish an online course. That’s why the platform is designed for utmost accessibility and allows users to save their course progress and pick up where they left off at any time, anywhere. Individuals can conveniently revisit course materials, making it the ideal solution for those with limited free time.

How To Start Learning With Mitrade

Create an account with Mitrade by clicking here.
Head over to Learn > Academy
Hit “Start Learning” and view the wide range of trading courses that Mitrade offers.

About Mitrade

Mitrade offers access to a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. The platform is user-friendly, intuitive, and features advanced trading tools and features that cater to the needs of traders of all levels. Mitrade is committed to providing its users with a secure and reliable trading environment and offers 24/5 customer support to assist with any queries or issues.

To start learning with Mitrade Academy and experience the fun and engaging way to trade, please visit Mitrade Academy.

Social Links
Facebook: https://www.facebook.com/MitradeOfficial
Twitter: https://twitter.com/MitradeOfficial
LinkedIn: https://www.linkedin.com/company/mitradecom/
Instagram: https://www.instagram.com/mitrade_official/
YouTube: https://www.youtube.com/c/Mitradeglobal/

Media Contact
Brand: Mitrade
Contact: Media team
E-mail: branding@mitrade.com
Website: https://www.mitrade.com/

SOURCE: Mitrade

Rxilient Biotech and Junshi Biosciences form Joint Venture to develop and commercialize Toripalimab in Southeast Asia

HONG KONG, Mar 31, 2023 – (ACN Newswire) – On 28th March 2023, Rxilient Biotech (a portfolio company of Legend Capital) and Junshi Biosciences made a joint announcement that two parties will form a joint venture to develop and commercialize toripalimab in Thailand, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, and Vietnam[1].

From left to right: CEO of Junshi Biosciences, Dr. Li Ning; Managing Director of Legend Capital, Executive Director of Rxilient, Mr. Hong Tan; Chairman, Chief Executive and President of CMS, Mr. Lam Kong; Chairman of Junshi Biosciences, Mr. Xiong Jun; CEO of Rxilient, Dr. Lee Ker Yin

Toripalimab is an anti-PD-1 monoclonal antibody independently developed by Junshi Biosciences. Junshi Biosciences has conducted over 30 clinical trials globally (in China, the USA, Southeast Asia, and Europe) covering more than 15 indications, including cancers of the lung, nasopharynx, esophagus, stomach, bladder, breast, liver, kidney, and skin. Six of these indications have been approved in China, and multiple marketing applications are currently under review by regulatory agencies in the US, EU, and UK.

"Cancer patients need toripalimab. We are confident that the highly professional and experienced Rxilient team will drive quick access to this valuable drug, toripalimab to patients in Southeast Asia," said Mr. HONG Tan, MD of Legend Capital.

"This collaboration is a good case example of Chinese pharmaceutical companies venturing overseas to help improve access to important novel drugs in emerging markets. Southeast Asia has a thriving innovative pharmaceuticals market, harmonized drug registration system, and diversified healthcare systems. Hence, it has great potential for innovative drugs. Legend Capital will continue to pay attention to investment opportunities in the healthcare industry of Southeast Asia, actively promote and assist Chinese pharmaceutical companies to enter the international markets, thus facilitating innovative drugs from China to benefit patients around the world," said Mr. HONG Tan.

Through this collaboration, Rxilient will introduce Toripalimab, a novel anti-PD-1 monoclonal antibody, into Southeast Asia. This joint venture leverages the strengths of Rxilient and Junshi Biosciences in drug registration and commercialization, and the R&D capabilities respectively. Rxilient plans to continue collaboration with Junshi Biosciences to introduce more high-quality innovative drugs into Southeast Asia.

JUNSHI BIOSCIENCES
Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative therapeutics. The company has established a diversified R&D pipeline comprising over 50 drug candidates, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Junshi Biosciences was the first Chinese pharmaceutical company that obtained marketing approval for anti-PD-1 monoclonal antibody in China. Its first-in-human anti-BTLA monoclonal antibody for the treatment of various cancers was the first in the world to be approved for clinical trials by the FDA and NMPA and has since entered Phase Ib/II trials in both China and the US. Its anti-PCSK9 monoclonal antibody was the first in China to be approved for clinical trials by the NMPA.

RXILIENT
Rxilient Biotech, established in November 2021, is a subsidiary controlled by China Medical System Holdings Limited ("CMS", (00867.HK)). Rxilient Biotech and other companies related to CMS that are involved in Southeast Asian businesses (together with Rxilient Biotech, "Rxilient", promoted and cofounded by CMS and Legend Capital) have formed an open platform integrating innovative R&D, formulation contract development, and manufacturing organization (CDMO), manufacturing, marketing, and promotion. Leveraging CMS's capability in acquiring high-quality products and strong financial position, Rxilient aims to bring innovative solutions from leading pharmaceutical companies in the USA, Europe, Japan, and China, to meet medical needs in Southeast Asia. Rxilient is operated independently by professional and experienced local teams in Southeast Asia.

[1] Junshi Biosciences's related license to the joint venture is subject to the fulfillment of the conditions precedent as agreed under the Shareholders Agreement.

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

Tresorfx Launches Revolutionary Automated Copy Trading Service for Investors

LONDON, Mar 29, 2023 – (ACN Newswire) – Tresorfx, a leading global investment firm, is excited to announce the launch of its new and revolutionary automated copy trading service for investors. This new service aims to help retail investors automatically copy the Tresorfx master account with their favorite brokerages and achieve similar results as the Tresorfx Exclusive Premium Account.

Tresorfx Copy Trading

Copy trading is a type of social trading that allows investors to automatically copy the trades of professional traders. Tresorfx's new automated copy trading service takes this concept to the next level, offering a comprehensive platform that's easy to use, reliable, and designed to help investors achieve their financial goals.

"Our new automated copy trading service is a game-changer for retail investors," said a spokesperson for Tresorfx. "We've been providing excellent results to investors for over 10 years, and we're excited to bring our expertise to a wider audience. With our new copy trading service, investors can benefit from our experience and success with just a few clicks."

Tresorfx's new copy trading service offers a range of benefits to investors, including:

Simplified investing: With automated copy trading, investors can easily copy the trades of professional traders without having to do any research or analysis themselves.

Diversification: Tresorfx's copy trading platform offers a wide range of trading instruments, including stocks, forex, commodities, and more, allowing investors to diversify their portfolio and minimize risk.

Control and customization: Investors can choose the level of risk they're comfortable with and adjust their copy trading settings to suit their needs.

Transparency: Tresorfx's automated copy trading platform is transparent, allowing investors to see the performance of the traders they're copying in real-time.

Tresorfx's automated copy trading service is backed by a team of experienced traders and customer support agents who are available 24/7 to answer any questions and help investors make the most of their investment. With over 10 years of experience providing excellent results to investors, Tresorfx is a trusted name in the investment industry.

Overall, Tresorfx's new automated copy trading service is set to revolutionize the way retail investors invest in the markets. With simplified investing, diversification, control and customization, and transparency, investors can benefit from Tresorfx's expertise and success with just a few clicks.

Register now at: https://tresorfx.com

Contact:
Sebastian Ritterstrom
Sebastian.r@tresorfx.com
+4407744477777

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

Jubilee Industries to unlock remaining shareholding in its Electronics Business Unit for S$21.4M

SINGAPORE, Mar 23, 2023 – (ACN Newswire) – Catalist-listed Jubilee Industries Holdings Ltd has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (the "Purchaser") for the sale of the Company's remaining 86% shareholdings in We Components Pte. Ltd. (WEC), the Group's EBU (the "Proposed Disposal").

The Proposed Disposal follows the successful completion of the Company's sale of 14% shareholding interest in WEC ("First Disposal") as announced on 9 March 2023. The Hong Kong incorporated Purchaser's main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People's Republic of China and overseas. Upon completion of the Proposed Disposal, WEC shall cease to be a subsidiary of Jubilee.

The aggregate consideration of US$15.9 million (approximately S$21.4 million based on the exchange rate of USD 1: SGD 1.3486) for the Proposed Disposal will be satisfied fully in cash. The Proposed Disposal will enable Jubilee to re-strategise its financial and capital resources.

Jubilee's Executive Chairman and Chief Executive Officer, Dato' Terence Tea, said, "The Proposed Disposal reflects the EBU's deep value. To the fullest extent permissible under the laws, Jubilee intends to return the sale proceeds to shareholders in an effective and cost efficient manner."

This press release should be read in conjunction with the full text of the announcement: https://links.sgx.com/FileOpen/Jubilee%20-%20Disposal%20Announcement%20220323.ashx?App=Announcement&FileID=750647

About Jubilee Industries Holdings Ltd [JLJ:SP]

Established in 1993 and listed on SGX-Catalist since 10 July 2009, Jubilee Industries Holdings Limited (Jubilee) is a one-stop service provider with two main business segments:
1. Mechanical Business Unit (MBU), which is engaged primarily in precision plastic injection moulding (PPIM) and mould design and fabrication (MDF) services (Mechanical Segment); and
2. Electronics Business Unit (EBU), which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span Malaysia and Indonesia. Jubilee's products are sold to customers in the United States, the People's Republic of China, Singapore, India, Indonesia, Malaysia, Vietnam and various European countries. For more information, please visit http://www.jihldgs.com

Issued on behalf of Jubilee Industries Holdings Limited
By Waterbrooks Consultants Pte. Ltd.

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Elliot Siow
+65 8375 0417
elliot@waterbrooks.com.sg

This Press Release has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This Press Release has not been examined by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor are:
Name :Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address :138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel: +65 6241 6626

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

Accrelist’s subsidiary, Jubilee, to unlock remaining shareholding in its Electronics Business Unit for S$21.4 million

SINGAPORE, Mar 23, 2023 – (ACN Newswire) – Accrelist Ltd.'s 53.31%-owned subsidiary, Jubilee Industries Holdings Ltd, has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (the "Purchaser") for the sale of the Company's remaining 86% shareholdings in We Components Pte. Ltd. (WEC) (the "Proposed Disposal").

The Proposed Disposal follows the successful completion of Jubilee's sale of 14% shareholding interest in WEC ("First Disposal") as announced on 9 March 2023. The Hong Kong incorporated Purchaser's main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People's Republic of China and overseas. Upon completion of the Proposed Disposal, WEC shall cease to be a subsidiary of Jubilee.

The aggregate consideration of US$15.9 million (approximately S$21.4 million based on the exchange rate of USD 1: SGD 1.3486) for the Proposed Disposal will be satisfied fully in cash. The Proposed Disposal will enable Jubilee to re-strategise its financial and capital resources. Accrelist's Executive Chairman and Chief Executive Officer, Dr Terence Tea, said, "The Proposed Disposal reflects the EBU's deep value. To the fullest extent permissible under the laws, Jubilee intends to return the sale proceeds to its shareholders in an effective and cost efficient manner."

This press release should be read in conjunction with the full text of the announcement: https://links.sgx.com/FileOpen/Accrelist%20-%20Disposal%20Announcement%20220323.ashx?App=Announcement&FileID=750650

About Accrelist Ltd. [ACC:SP]

Accrelist Ltd. ("Accrelist") seeks to create long-term value for our shareholders and business partners by unlocking and adding value to the companies we invest in. The Group continues to actively pursue new opportunities with a growing focus on medical aesthetics.

The Group's wholly owned subsidiary corporations include the Accrelist Medical Aesthetics group of companies, branded as A.M Aesthetics, and A.M Skincare Pte. Ltd. ("A.M Skincare").

A.M Aesthetics operates a chain of registered medical aesthetics clinics in Singapore and Malaysia which use state-of-the-art equipment and clinically proven solutions to deliver a wide range of highly reliable and effective treatments.

A.M Skincare is principally involved in the retail sale of pharmaceutical and medical goods. It develops and distributes its own original design manufacturer clinical skincare products ("ODM") with support from South Korean dermatologists alongside other non-ODM products.

In addition, Accrelist holds a 53.31% controlling stake in Jubilee Industries Holdings Ltd. ("Jubilee"), a one-stop service provider with two main business segments:
1. Mechanical Business Unit (MBU) which is engaged primarily in precision plastic injection moulding and mould design and fabrication services; and
2. Electronics Business Unit (EBU) which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span across Malaysia and Indonesia. Jubilee's products are sold to customers in Singapore, Malaysia, Indonesia, Vietnam, India, the People's Republic of China, the United States and various European countries.

For more information, please visit www.accrelist.com.sg

Issued on behalf of Accrelist Limited
By Waterbrooks Consultants Pte. Ltd.

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Elliot Siow
+65 8375 0417
elliot@waterbrooks.com.sg

This Press Release has been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This Press Release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this Press Release including the correctness of any of the statements or opinions made or reports contained in this Press Release.

The contact person for the Sponsor is:
Name: Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd.
Address: 36 Robinson Road, #10-06, City House, Singapore 068877s
sponsor@rhtgoc.com

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

HKTDC Export Index 1Q23: Hong Kong Export Index rebounds sharply

HONG KONG, Mar 21, 2023 – (ACN Newswire) – The HKTDC Export Index grew 9.3 points to 39.0 in January-March this year, indicating a significant improvement in business sentiment among Hong Kong exporters after borders between Hong Kong and Mainland China reopened in early February. Full benefits are expected to materialise in coming months.

HKTDC Director of Research Ms Irina Fan [R] and Senior Economist (Greater China) Ms Cherry Yeung [L] announced the HKTDC Export Index for the first quarter of 2023 at a press conference today.

The first-quarter export survey by the Hong Kong Trade Development Council (HKTDC) showed that almost all respondents (98%) reported positive impacts from the gradual resumption of normal cross-border travel since early January, especially from the more flexible and frequent business travel and cross-border engagements.

More than one-third of the exporters (36.5%) would increase shipments through Hong Kong, after cross-boundary land cargo transport was normalised, driven primarily by end-user requests and a preference for storage, sub-packaging and processing to be done in the city.

Business revives

Releasing the survey today, HKTDC Director of Research Ms Irina Fan said: "As normal travel between Hong Kong and the rest of the world resumes, hundreds of thousands of high-spending mainland and overseas business travellers have been coming back to Hong Kong in recent months, creating impetus for the city's economic recovery."

Ms Fan anticipated that more global buyers would visit trade fairs in Hong Kong during the peak sourcing season to replenish inventory and meet pent-up demand. "All these developments are the pull factors for the city's trade outlook, and we expect a gradual pick-up in the second half of 2023," she said. "Taking into account the external challenges and uncertainties, our export forecast for this year remains unchanged at a 5% growth year-on-year."

Versatility in business strategy

More than half the respondents (55.7%) expected production and operating costs to increase, mainly because of higher raw material, logistics and labour costs.

Against this backdrop, local exporters have adopted a versatile approach. In addition to cash-flow management (39.9%, up 5.3 percentage points), more exporters have focused on e-commerce development (36.3%, up 7.5 percentage points), value-added service provision (31.6%, up 6.6 percentage points) and overseas market expansion (30.5%, up 7.5 percentage points) in the first quarter of 2023.

Clothing sector most optimistic in 12 years

The HKTDC conducts the Export Index survey every quarter, interviewing 500 exporters from six major industries – machinery, electronics, jewellery, watches and clocks, toys and clothing – to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.

HKTDC Senior Economist (Greater China) Ms Cherry Yeung said all industry sectors saw an upturn in exporter confidence, indicating improving sentiment. "Clothing is the most promising sector, which swings back to the expansionary territory (51.5, up 27.7 points) since the third quarter of 2011, followed by toys (47.9, up 19.0 points) and timepieces (47.5, up 10.7 points)," she said. Ms Yeung attributed the leap to the high penetration of fashion e-commerce during the pandemic and surging demand for new clothes as the world returned to normal.

She added: "Mainland China (47.9) overtook Japan (46.9) as the most upbeat market, followed by ASEAN (44.8). Improving sentiment was also seen towards the United States and European Union markets."

Sub-indexes, including the Trade Value Index (48.0, up 8.8 points), Employment Index (47.6, up 7.3 points) and Offshore Trade Index (28.0, up 8.3 points), also moved up. The Procurement Index remained subdued at 28.4 (down 0.5 point), but momentum varied across sectors – clothing, jewellery and toys improved, while timepieces and electronics slightly declined.

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Index 1Q23: Sharp rebound in export confidence as China re-opens https://bit.ly/3YZJoKe
– Photo download: https://bit.ly/3Jrhbq4

About HKTDC

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

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

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

China Everbright Limited Announces 2022 Annual Results

HONG KONG, Mar 17, 2023 – (ACN Newswire) – China Everbright Limited ("CEL" or "the Group", stock code: 165.HK) today announced its annual results for the year ended 31 December 2022 ("the reporting period").

Financial Highlights of 2022 Annual Results
— Loss attributable to shareholders of the Company was HK$7.443 billion; the unrealised loss on investments was primarily due to a decrease in the valuation of investment projects.
— Fund raising continued and total AUM reached approximately HK$165.4 billion.
— Carried out diversified exits with 86 projects fully/partially exited, achieving a cash return of approximately HK$13.9 billion.
— Maintained strong liquidity with cash and cash equivalents of approximately HK$8.2 billion and with unutilised bank facilities available for use of approximately HK$12 billion.
— Maintained dividend payments with final dividend: HK$0.15 per share.

2022 was a challenging year. The international landscape was complex. Global economic growth decelerated, and the global capital market oscillated downward. All these posed major challenges to the Group's cross-border investment and asset management business in 2022. Consequently, there was a fall in the market value, and decline in the valuation, of the investment projects held by CEL throughout the reporting period, resulting in a loss attributable to shareholders of the Company of HK$7.443 billion. The unrealised loss on investments did not have a direct impact on the Group's cash flow.

CEL made defensive decisions and overall arrangements in a timely manner. By stepping up the withdrawal and recovery of project funds, keeping strict control over business costs and expenses, and making selective investments in quality projects, the Group managed to secure the bottom line against risks and make sure business operations were conducted in an orderly manner. During the reporting period, HK$4.2 billion was contributed in aggregate to a total of 49 projects; and 86 projects were fully/partially divested, generating cash inflow of approximately HK$13.9 billion, marking good project exit and capital recovery.

As at the end of December 2022, the Group had cash and cash equivalents of approximately HK$8.2 billion and unutilised bank facilities available for use of approximately HK$12 billion. Liquidity stayed healthy and the overall financial, business and operating conditions remained sound.

During the reporting period, CEL continued to promote fund raising and maintain market leadership in fund management. As a result of exchange rate conversion, the decrease in AUM of secondary market funds under the impact of fund redemptions and the decrease in net asset value of secondary market funds, and the decrease in AUM due to the maturity of certain funds, the total AUM of the funds decreased slightly to HK$165.4 billion. There were 80 managed fund products, including primary market funds, secondary market funds and accounts, and Fund of Funds ("FoF").

To share the fruits of the Group's development with shareholders and investors, the Board declared a final dividend of HK$0.15 per share for 2022. (2021 final dividend: HK$ 0.30 per share)

Business Highlights of 2022 Annual Results

1. Fund Management Business

In 2022, CEL carried out the Fund Management Business in a steady and orderly manner, seizing the window of opportunity at each stage of "fundraising, investment, management and exit", while also adopting the strategy of "precise investment and stable exit" to promote high-quality business development.

Focused on emerging industries, while fundraising remained steady. CEL funds were established to focus on high-end manufacturing, information technology, green and environmental protection, new infrastructure and niche businesses as an investment approach, and the Group strengthened its investment in the Belt & Road Initiative Green Fund-of-Funds and the establishment of regional sub funds. Capital CEL Specialised and New Enterprises Fund and Nanjing Direct Investment Fund for Belt & Road Initiative Green Fund were set up. Asian Infrastructure Investment Bank has approved to commit US$100 million in CEL Infrastructure Investment Fund II.

Practiced the development of science and technology investment and captured investment opportunities prudently. The fund management of CEL made careful and prudent investment decisions in high-quality projects such as CNNP Rich Energy, Kunyu New Energy, Tianmu Xiandao Battery and Ganzhou HPY Technology, among which Tianmu Xiandao Battery and Ganzhou HPY Technology won a number of national awards in 2022.

Implemented diversified exit channels to speed up capital withdrawal. Transfer and IPO exit methods were combined together. The Group exited from overseas projects such as Norwegian public transportation project, vehicle inspection system and BPG project (an advanced equipment manufacturer) by way of transfer. Seven investment projects (Giant Biogene, Recbio, Credo Technology, SatixFy, ASR Microelectronics, iSoftStone and Haitai Solar) were listed on the Hong Kong Stock Exchange, NASDAQ in the United States, Shanghai Stock Exchange STAR Market, Shenzhen Stock Exchange ChiNext and Beijing Stock Exchange respectively by way of IPOs.

2. Key Investee Companies

CALC was growing steadily with the strengthened layout of the entire aircraft industry chain. The fleet size continued to expand, and the number of fleets increased to 176. CALC has become the first aircraft recycling company accredited with Diamond Status (the highest level) by the Aircraft Fleet Recycling Association ("AFRA"). CALC has been firmly serving the national strategy of opening up the overseas market for China-made large aircraft. Its Indonesian airline TransNusa officially received the regional jet ARJ21, which was the first time China-made jets entered the overseas market. It was of great significance that the new development pattern is being built under the Belt & Road Initiative and the "Dual Circulation" strategy.

Everbright Senior Healthcare implemented social responsibility through development. With 34,000 beds under management, and 194 elderly care institutions and community service sites, it ranked second among "Integrated
Business Enterprises in the Impactful Healthcare Industry for 2022", as published by Guandian. At the same time, Everbright Senior Healthcare actively responded to the call of the state and participated in work related to the transformation of training and recuperation institutions organised by the National Development and Reform Commission, demonstrating its responsibility.

Terminus reached a new level of development with research on AIoT. A new upgrade of the operating system has been realised, and a number of research results have been included and published by CVPR, a top conference in the field of artificial intelligence. TacOS 3.0 and the cloud-edge integrated product matrix have been released. In addition, Terminus has recruited three world-renowned scientists, and has taken the initiative to undertake national-level technology research tasks, such as a multi-modal network based on 6G communication technology as well as national key communication R&D projects.

3. Rich Resource Reserves

Increased liquidity reserves. In 2022, the new bank loan facilities of CEL exceeded HK$21.2 billion. In June, the Group successfully issued RMB3 billion 3-year medium-term notes at the National Association of Financial Market Institutional Investors. As at the end of December 2022, the Group's cash on book amounted to approximately HK$8.2 billion and unutilised bank facilities amounted to approximately HK$12 billion.

Enhanced the coverage of scientific and technological innovation resources. CEL supported innovative development based in Hong Kong, with China Everbright Hong Kong Innovation Centre and CEL Global Partner Project in the Hong Kong Science Park as our backup; CEL supported the construction of an innovation and technology centre in Hong Kong to incubate start-ups and capture investment opportunities. In particular, the incubator at China Everbright Hong Kong Innovation Centre is currently over-occupied with start-ups.

Strengthened regional development to increase investment exposure in a mass market. CEL carried out an in-depth layout of the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area, and actively participated in the build-up of the Chengdu-Chongqing Economic Circle, Hainan Free Trade Port and Xiongan New Area. The overall planning comprised of software and networks, retailing, consumer goods, healthcare and other fields.

4. Comprehensive Improvement of Environmental, Social and Governance

CEL continued to enhance its ESG management policy, optimised a number of internal management rules and regulations such as risk management guidelines and the board diversity, and improved its climate change management policy and organisational structure. CEL benchmarked itself against the industry's state-of-the-art technology by officially becoming a TCFD sponsor. During the reporting period, MSCI adjusted the Group to the more competitive category of "Asset Management and Custodian Bank" during the reporting period. The Group's ESG rating was upgraded from B to BB, with a score increase of 48%.

Over the past 25 years, the Group has been firmly committed to its long-term investment strategy and deep involvement in promising specialised industries. The Group has gone through multiple economic and industry cycles and built valuable and rich management experience and a solid track record. The 20th National Congress of the Communist Party of China has embarked a new journey of Chinese-style modernisation, and the new development pattern of China's economy is being accelerated. Hong Kong is ushering in a new chapter of development from governance to prosperity, and Hong Kong's unique competitive advantages and favourable development conditions are being further highlighted. CEL will firmly seize the opportunity to work hard, utilise cross-border resources, strengthen fundraising, invest prudently and prevent risks. Through a series of proactive measures, CEL will spare no effort to promote the high-quality development of the Group's business to build a leading Chinese cross-border investment and asset management company.

Mr. Zhang Mingao, Executive Director and President of China Everbright Limited, said: "In 2022, in the face of severe market environment and challenges, CEL has risen to the occasion, actively addressed risks, stabilised business development, improved management efficiency, achieved cost reduction and efficiency, and laid a solid foundation for high-quality development. Standing at a new historical starting point, we have full confidence in the future. In 2023, we will uphold our business philosophy of 'seeking progress while maintaining stability' to address 'risks' and 'opportunities' and coordinate 'stability' and 'progress', continue to expand AUM to increase the contribution of management fee income, and re-achieve efficient value creation through precise investments and reliable exits. In addition, we will continue to develop an asset-liability structure with sufficient liquidity, and further enhance dividend-paying ability to share the fruits of the Group's development with shareholders and investors."

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