Piers Dunhill and Dunhill Ventures Featured at World Economic Forum, Le Marche International des Professionnels de L’immobilier

DAVOS, SWITZERLAND, Jun 21, 2023 – (ACN Newswire) – On Jan. 8, 2023, Dunhill Ventures, a world leader in diversified investments, held a landmark event at this year's World Economic Forum (WEF) in Davos, showcasing a portfolio of companies from industries as diverse as impact investing, blockchain, fintech, and environmental, social and governance (ESG). Piers Dunhill and the Dunhill Ventures Team took the opportunity to foster dynamic conversations about future innovations in these sectors.

Piers Dunhill

The World Economic Forum, held annually in Davos, is a renowned platform for global leaders from business, government, and various sectors to collaborate on issues of international concern. This year, the event focused on exploring solutions to complex global challenges and fostered an environment of strategic foresight.

Piers and the Dunhill Ventures Team seized the opportunity to convene meetings and panel discussions during this period with portfolio companies, leaders, and family office investors at a private chalet. The discussions encouraged the exchange of ideas and fostered mastermind sessions on how to scale impact in the world and promote innovation in industries. The members discussed advances in blockchain technology, discussions around ethical and impact investing, and exploring the innovations shaping the fintech and ESG sectors.

When asked about Dunhill Ventures' efforts within this forum, Piers commented, "Dunhill Ventures recognizes the power of collaboration and networking, and the WEF is an optimal platform for this." The event was a testament to Dunhill Ventures' commitment to aligning with the WEF's ethos of improving the state of the world through multi-stakeholder cooperation. Dunhill's initiatives are to provide its portfolio companies with high-impact networking opportunities, enhance their potential and contribute towards a global impact. "We can engage with leading industry figures, share insights, and work collaboratively towards creating a better future for all. It's about bringing our portfolio companies into conversations that matter."

Later on March 16, 2023, Piers Dunhill and the Dunhill Ventures Team hosted the Dunhill Real Estate Investor Reception in the French Riviera from 6 p.m. to 8 p.m. at the prestigious Le Marche International des Professionnels de L'immobilier ("MIPIM") conference. The reception was open to High Net Worth Individuals and Partner Family Offices. The discussion topics with the attendees were Piers' envisaged UK Tier 2 affordable housing real estate project and the planned, structured investments in those housing projects.

When asked about plans for the family office environment, investment portfolio, and the efforts of the Dunhill Ventures Team, Piers highlighted that Dunhill Ventures would be hosting an exclusive "Raising Impact" event on June 27, in London, for over 100 curated impact-focused family offices that include some of the big names on the Sunday Times rich list. Piers said, "The event will feature eight selected companies that will be receiving investment from Dunhill Ventures and are in a range of businesses from clean energy to distributive education technology, preventative medicine, and a sustainable alternative to Bitcoin." Piers says this will be the first of roughly 20 events globally throughout the next 12 – 18 months for one of his upcoming TV shows.

Contact Information

Piers Dunhill
Chairman at Dunhill Ventures
piersdunhillpress@gmail.com
44 7537 133088

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

Initial Results Confirm Widespread Mineralization at Appia’s Ionic Clay Project in Goias State, Brazil

TORONTO, ONTARIO , Jun 20, 2023 – (ACN Newswire) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (the "Company" or "Appia") is pleased to provide an update on its newly acquired Cachoeirinha rare earths project ("PCH Project") located near Ipora in the state of Goias, Brazil. This update results from a due diligence field visit and project review by Appia personnel, including Mr. Don Hains, an expert in industrial minerals.

The PCH project hosts rare earth element (REE) mineralization in both ionic clays developed from the weathering of alkaline granites, and in-situ rare earth mineralization associated with the underlying granite and a carbonatite intrusion to depths >100 m.

"Mineralization is widespread across the property with the most advanced target being a 2 km wide zone in the SW corner of the tenements known as Target 4," stated Mr. Don Hains, senior consulting geologist and QP. "The exploration work by the vendor showed REE enrichment in the soils to depths of 8 to 26 m with the majority in the upper 8-10 m. Total REE grades in numerous auger holes drilled at Target 4 ranged from 274 ppm to 16,648 ppm (1.66%), with an average of 1,291 ppm total REE and, importantly, the valuable rare earths used in magnet applications (Pr, Nd, Tb and Dy) + Y accounted for approximately 14% of total rare earths, with a maximum of 28.4%."

Appia completed 110 duplicate samples from twin auger holes distributed across Target 4 as part of its due diligence program and found comparable results to the original assays. Due diligence samples were also collected from trenches (17 samples) and diamond drill holes (76). Assay data for these samples also showed comparable results to the original sample data.

Due diligence samples were assayed at the same laboratory (SGS Geosol in Vespasiano, Brazil) using the same methods as the original samples (IMS95R and ICM40B). SGS Geosol is an ISO 17025 registered laboratory. Certified standards from OREAS were used to measure laboratory accuracy and precision. Supervision of the due dilignece assays was under the control of Mr. Hains.

He continued, "The average Heavy REE value is 145 ppm, or 13.93% of the total rare earths. In contrast, the Serra Verde project currently under construction in northern Goais State has total average REE values of 2,138 ppm (0.2138%)[1] but HREE values of only 155 ppm, or 7.26% of total rare earths. Thus, the PCH project has a relatively higher content of HREE in the deposit than Serra Verde."

"The overall assay values of samples obtained to date are considered comparable to other ionic clay type rare earth deposits in Brazil such as Serra Verde and Araxa," stated Stephen Burega, President of Appia.

"Such deposits generally have relatively low rare earth values compared to hard rock deposits but typically present more easily processed material with good recoveries and can thus be highly cost competitive against high-grade, hard rock rare earth projects. The relatively high assay values for Pr, Nd, Tb and Dy, the most valuable magnetic rare earth elements, are positive for development of the project," he concluded.

Next Steps for 2023

The proposed 2023 exploration program will include high resolution topographic surveying across the Eastern claim blocks followed by a reverse circulation (RC) drill program including approximately 300 holes at 100m x 100m spacing totalling 4,500 metres on Target #4. Additional auger drilling will further delineate the extension of the rare earths potential to the West of Target #4. The RC drill program is planned to reach an average depth of 15 meters per hole, and will be sampled at 1/2 meters intervals.

The available data indicates that there is considerable exploration potential throughout this large property. Significant areas in both the western and eastern portions of the property show high relative radiometric values indicative of potential rare earth mineralization but these areas remain untested by drilling. It is reasonable to expect that the overall potential of the project can be increased significantly with further work in these areas.

"Preliminary metallurgical test work has involved mineralogy studies at Actlabs and SGS Mineral Services in Canada and geometallurgical and flotation test work at the Federal University of Goias ("UFG"). La, Nd and Nb were successfully floated in these tests, with recoveries of La and Nd typically averaging about 50% for the best collector conditions even without any up-front processing", according to Hains. "Importantly, the flotation concentrates averaged 127 ppm Th and 38 ppm U, indicating radioactivity issues associated with mineral processing should be very manageable."

Very preliminary leaching tests undertaken at SGS Mineral Services in Canada indicate the potential to successfully leach rare earths using ammonium sulphate, thus demonstrating the ionic clay nature of the mineralization. The Company advises that substantial additional metallurgical test work will be required as the project advances; however these very preliminary results do indicate that either flotation and/or leaching may be viable recovery schemes. It is likely that a combination of the two recovery processes may be required to maximise the recovery and produce a suitable concentrate as feed for further processing.

Appia's local partner has been active on the PCH project for the past 2 years, and the team has compiled a significant dataset including geophysics and geochemical results as well as auger, drill and trenching samples across 9 delineated targets on the Western limb of the project area. There remains more that 50% of the project area still to be explored and assessed for its potential.

Location

The PCH project is located approximately 30 km from Ipora, a medium size city in the state of Goias, with a population of approximately 31,500 and well-developed infrastructure. The region around Ipora has significant ongoing mineral exploration and mining activity including active mines operated by Dundee Precious Metals and Yamana Gold. The property is well connected by a series of roads and is mainly used for farming. Local and community relations with mining and exploration companies including Appia's predecessors at PCH are excellent.

Background on the PCH Project

The Cachoeirinha Project (PCH Project) is located within the Tocantins Structural Province in the Brasilia Fold Belt, more specifically, the Arenopolis Magmatic Arc. The PCH Project is 17,551.07 ha. in size and located within the Goias State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs and Niobium within lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 130.5 million common shares outstanding, 143.5 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here. sburega@appiareu.com

For further information, please contact:
Tom Drivas, CEO and Director: (cell) 416-876-3957 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

[1] Source: company website, www.serraverde.com.

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

HKTDC Export Index 2Q23: Exporter confidence hits two-year high

HONG KONG, Jun 13, 2023 – (ACN Newswire) – The HKTDC Export Index rose 8.8 points to 47.8 in the second quarter this year, showing better business sentiment among Hong Kong exporters after Mainland China's borders reopened and business activities return to normal.

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

All major industries and export markets rallied except for clothing, with toys (55.4, up 7.5 points) and machinery (50.3, up 7.4 points) moving above 50 into expansion territory while, among markets, the European Union (51.4, up 9.4 points) and United States (51.1, up 6.7 points) turned positive for the first time in five years.

Based on a quarterly Hong Kong Trade Development Council (HKTDC) survey of 500 exporters from six major industries – machinery, electronics, jewellery, timepieces, toys and clothing – the index at above 50 indicates an optimistic outlook, and below 50 pessimistic.

Export outlook upbeat

HKTDC Senior Economist Ms Cherry Yeung said three new sub-indices – inventory (48.5), current new orders (45.1) and expected new orders (53.6) – provided a more comprehensive exporter sentiment picture. Respondents – especially those from toys, timepieces and machinery sectors – expected strong growth in new export orders in July-September.

The profitability outlook improved as more respondents (66.3%, up 15.3 percentage points from the final quarter of last year) expected higher or stable net profit margins for this year.

"Against this backdrop, the city's exporters have adjusted their business strategies, shifting the focus from cash-flow management to spending more resources on marketing, promotion and business matching (41.6%, up 11.7 percentage points from previous quarter) and diversifying sales into additional overseas markets (31.1%)," Ms Yeung said.

All sub-indices rise

Other sub-indices grew this quarter with the Trade Value Index and Employment Index edged up 0.8 point to 48.8 and 0.5 point to 48.1 respectively, while the Procurement Index leapt 15.9 points to 44.3.

The Offshore Trade Index, which tracks sentiment around shipments not passing through Hong Kong but managed by businesses within the city, soared 18.5 points to 46.5, "signalling a sustained recovery in demand for Hong Kong's trading services", Ms Yeung added.

Growing economic risks

The survey results also revealed a slower-than-expected recovery of cargo routed through Hong Kong. Only 13.4% (down 23.1 percentage points from previous quarter) of related respondents expected an increase this year. As of last month, the number of cross-boundary vehicles at all crossings for goods vehicles and containers reached a plateau at about 60% of the pre-pandemic level. Some industry players said reduced capacity had raised cross-border logistics costs between 20% and 30% from pre-pandemic levels, slowing the recovery.

The biggest risk was seen as an external one, with most respondents (66.1%, up 29.9 percentage points from the final quarter last year) recognising an economic slowdown or recession in overseas markets as the top challenge to export performance over the third quarter this year.

Sustained recovery

Affected by weakened global demand, a slower-than-expected recovery in cross-border land transport capacity, coupled with a longer-than-expected downcycle in the electronics sector, Hong Kong's total exports fell 16.5% year-on-year in the first four months of this year. Among markets, the Middle East grew 11.5%, driven by the two economies' closer economic and trade ties. Stimulated by a post-pandemic spike in demand in Mainland China and Macao, Hong Kong's precious jewellery exports to the two markets surged 32% and 42% respectively.

HKTDC Director of Research Ms Irina Fan said the recovery was gathering momentum for the second half of this year which was likely to carry into next year. "However, traders remain cautious, with many concerned about the challenging external backdrop. The risk of escalating geopolitical tensions, may create uncertainties for electronics trade flows throughout the region, especially those relating to the semi-conductor industry," she said.

Taking all these factors into account, HKTDC Research has revised its forecast for Hong Kong export growth this year down from earlier estimate of 5% to between 0% and 2%.

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Index 2Q23: Confidence at Two-Year High https://bit.ly/3Nk5wfP
– 2023 Mid-Year Export Review: Recovery Set to Accelerate in the second half https://bit.ly/42Ay2y2
– Photo download: https://bit.ly/3Ce0P0A

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

Appia Signs Definitive Agreement to Acquire up to a 70% Interest in Ionic Clay Project, Brazil

TORONTO, ON, Jun 9, 2023 – (ACN Newswire) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (FSE: A0I0.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia") is pleased to announce that, further to its press releases of March 7, 2023 and May 30, 2023, the Company has signed a Definitive Agreement (the "Definitive Agreement") with 3S LTDA ("3S"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio") and AZ125 Mineracao Ltda (the "Company") to acquire up to a 70% interest in the PCH Project (the "Transaction") located in the Tocantins Structural Province of the Brasilia Fold Belt, Goias State, Brazil (the "Property").

"Appia has taken a significant step in cementing itself among the upper tier of critical mineral explorers with today's announcement," stated Stephen Burega, President. "Brazil is emerging as a significant source of rare earths contained in ionic clays, and Appia's PCH project will further enhance this potential. The known rare earth element distribution at PCH should lead to favourable economics for processing; is easily on par with other ionic clay projects outside of Asia; and it contains relatively high levels of the magnetic REEs. Early-stage review of the rare element distribution indicates a high potential 'basket price' which is a positive indicator to advance the project. Once additional analysis is completed, a more detailed summary of known results will be shared with the market."

Pursuant to the terms of the Definitive Agreement, the Property will be held by the Company, Appia will hold a 70% interest in the Company, subject to completing the option obligations referred to below, and Antonio will hold a 30% interest in the Company. The initial 500,000 shares (the "Initial Shares") to be issued to Beko will be issued when certain administrative steps have been completed in Brazil to perfect the 70% interest of Appia in the Company (the "Perfection of the Transaction"). A further announcement will be made when the Initial Shares are to be issued.

Upon Perfection of the Transaction, Appia can maintain its 70% interest in the Company by issuing an aggregate of a further 2.0 million common shares of Appia to Beko and spending US$10 million on the Property over a period of five (5) years (the "Option Period") after which Appia will have earned a 60% interest in the Company. If Appia earns its 60% interest, it will then be obligated, within 90 days of earning its 60% interest, to issue a further US$1,250,000 of common shares of Appia to Beko to earn a further 10% interest in the Company. The number of shares to be issued to earn the further 10% shall be that number of common shares of Appia equal to the number arrived at by dividing US$1,250,000 by the greater of the average closing price of the common shares as quoted on the Canadian Securities Exchange (the "CSE") for the 30 trading days immediately preceding the announcement by Appia of its intention to earn the additional 10% interest and the discounted market price of the common shares of Appia based on the last closing price immediately preceding the announcement.

Appia will acquire incremental vested interests in the Company upon completion of specific expenditure requirements pursuant to the terms of the Definitive Agreement. Once Appia issues at least a further 500,000 common shares to Beko and spends at least US$1 million on the Property (at which time it will have earned a 10% interest in the Company) (the "Initial Obligation"), Beko will be granted a 1% net smelter returns royalty (the "1% NSR") in the Property. Appia will have a right of first refusal to acquire the 1% NSR.

Once Appia has earned its 70% interest in the Company, Appia and Antonio will enter into a joint venture with respect to the further exploration and development of the Property (the "Joint Venture") with Appia holding a 70% interest and Antonio holding a 30% interest in the Company. The Joint Venture will be governed by the terms of a Quotaholders Agreement to be signed by Appia and Antonio as part of the Perfection of the Transaction. The Quotaholders Agreement will act as a unanimous shareholders agreement and a joint venture agreement with respect to the further exploration and development of the Property. Upon the formation of the Joint Venture, Antonio will have 90 days within which to elect to either (a) participate in the Joint Venture and contribute his pro rata share of expenditures or be diluted; (b) sell all of his 30% interest in the Company, subject to a right of first refusal in favour of Appia; or (c) elect to have Appia fund its pro rata share of expenditures pursuant to the Joint Venture subject to the right of Appia to be reimbursed for 150% of the expenditures made by Appia on behalf of Antonio before any proceeds are paid to Antonio.

If a party is required to make a contribution pursuant to the Joint Venture and that party does not make its pro rata contribution to development expenditures, that party's interest in the Company will be diluted pro rata based upon that party's deemed and actual contributions to the Joint Venture relative to the total deemed and actual contributions to the Joint Venture by both parties. A party whose interest is diluted to 10% or less shall immediately be converted to a 1% net smelter returns royalty ("1% Dilution NSR") with the remaining party's interest converted to a 100% interest in the Company subject to payment of the 1% Dilution NSR. The remaining party will have a right of first refusal to purchase the 1% Dilution NSR.

Should Appia fail to make some or all of the expenditures required in any year, Beko will notify APPIA in writing of such failure, after which Appia will have 30 days to make the required expenditure. Failure to make the expenditure within the 30 days will result in Appia's earned interest being reduced pro rata in proportion to the amount of money actually expended by Appia in such year. Appia shall have the right to make additional expenditures in a subsequent year to earn the balance of the interest it would have earned had it made the entire expenditure in the previous year. If Appia fails to expend an aggregate of US$10 million and issue an aggregate of 2,000,000 common shares of Appia to Beko within the Option Period, Appia may, at any time during the Option Period after completing the Initial Obligation, notify Beko that it does not intend to provide any further funding for the Property (the "Cease Funding Notice"). Upon delivery of the Cease Funding Notice to Beko, Appia shall have earned the applicable interest in the Company (the "Earned Interest") and shall transfer to Antonio that number of quotas of the Company equal to 70% minus the Earned Interest. Thereafter, Appia shall hold the Earned Interest in the Company and Antonio shall hold 100% minus the Earned Interest in the Company. Upon delivery of the Cease Funding Notice and the adjustment in the interests of Appia and Antonio in the Company, the parties shall use their commercially reasonable efforts to determine how to proceed with their respective interests in the Company.

Background on the PCH Project

The Cachoeirinha Project (PCH Project) is located within the Tocantins Structural Province in the Brasilia Fold Belt, more specifically, the Arenopolis Magmatic Arc. The PCH Project is 17,551.07 ha. in size and located within the Goias State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs and Niobium within lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 130.5 million common shares outstanding, 143.5 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:
Tom Drivas, CEO and Director: (cell) 416-876-3957, (fax) 416-218-9772 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

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

Mitrade Launches ‘TradingACE’, The Trump Card of Real World Trading Success

MELBOURNE, AUSTRALIA, June 1, 2023 – (ACN Newswire) – Leading CFD platform Mitrade is calling out to trading newbies to try its revolutionary mobile application “TradingACE“. This cutting-edge app, aptly named after the Academy for CFD Education (ACE), is set to revolutionize the way aspiring traders learn and engage with Contract for Difference (CFD) trading. TradingACE is currently available for download in the Google Play Store for Android and AppStore for iOS devices.

Contract for Difference (CFD) trading is a dynamic financial instrument that empowers traders to profit from price movements in various assets, including stocks, commodities, currencies, and indices. However, mastering the complexities of CFD trading requires a comprehensive understanding of skills and strategies.

TradingACE marks a paradigm shift in CFD education, providing traders of all levels with the knowledge and expertise needed to thrive in the fast-paced world of CFD trading. The key features of TradingACE empower traders to unlock their full potential:

Comprehensive and Interactive Learning Experience

TradingACE offers access to a diverse range of interactive bite-sized courses covering essential CFD fundamentals, trading techniques, and in-depth analysis of specific markets. These courses are thoughtfully designed and curated by industry experts, guaranteeing a comprehensive learning experience.

Engaging and Gamified Assessments

TradingACE transcends traditional learning methods by integrating thought-provoking quizzes and exciting games that challenge users’ understanding of CFD trading concepts. By gamifying the learning process, users can enhance their comprehension while enjoying an engaging educational journey.

Realistic Trading Simulations

One of the standout features of TradingACE is its provision of realistic trading simulations. These simulations replicate actual market conditions, enabling users to practice their skills and strategies without risking their hard-earned capital. Traders can gain valuable hands-on experience and refine their decision-making abilities in a safe and controlled environment.

Seamless Mobile Accessibility

TradingACE is available on both iOS and Android platforms, ensuring users can access the app on their smartphones. With its intuitive and responsive design, the app guarantees a seamless user experience allowing users to pick up where they left off. A convenient feature favoring users to learn and practice anytime, anywhere.

TradingACE represents the culmination of Mitrade‘s dedication to offering the best learning experience to its users. The app’s ACE concept, which stands for the Academy for CFD Education, symbolizes Mitrade’s mission to provide unrivaled educational resources and ensure traders are equipped with the necessary tools to excel in their trading journey.

About Mitrade:

Mitrade is a leading global online CFD trading platform that offers a diverse range of financial instruments to traders worldwide. With over 400+ markets to choose from, traders have unparalleled opportunities to engage in various assets, including stocks, commodities, currencies, and indices. Whether it’s exploring the stock market, delving into the intricacies of forex trading, or navigating the world of commodities, Mitrade provides a comprehensive selection of trading options. For more information, please visit www.mitrade.com.

For media inquiries, please contact:

Brand: Mitrade

Contact: Media team

E-mail: branding@mitrade.com

Website: https://www.mitrade.com/

HKTDC T-box programme launches new stream

HONG KONG, May 31, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business. The new stream is expected to organise 100 free consultation meetings and serve 500 small and medium sized enterprises (SMEs) in its first year, covering both manufacturing and services sectors, such as garments, electronics, lighting, houseware and gifts, as well as transport, catering and construction.

Ms Winsome Chan, Head of Marketing and Customer Service, HKTDC, Mr Simon Ng, Chief Executive
Officer, Business Environment Council, Dr Patrick Lau, Deputy Executive Director, HKTDC and
Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd [L-R]

HKTDC Deputy Executive Director Dr Patrick Lau said promoting sustainable development was an important theme globally; governments and multinational companies had set targets to cut carbon dioxide emissions, providing impetus for the green sector and encouraging Hong Kong businesses to move forward with sustainable development. In addition, ESG compliance had become a criterion for bank-loan approval and orders from premium buyers.

ESG is crucial for success

"ESG is no longer simply an option, but an important success factor. The HKTDC hopes this new service will become the strongest support for local business in their ESG transformation, encouraging more SMEs to take action to achieve sustainable development goals through adopting innovative eco solutions, as well as to bear social responsibilities and enhance corporate governance," Dr Lau added.

To help SMEs navigate trends and apply ground-breaking technologies for solving long-lasting problems, the HKTDC and a number of organisations – including Business Environment Council (BEC) and Dun & Bradstreet (HK) Ltd – will cooperate to provide practical advice and information on sustainability transformation through consultation and workshops. ESG registration services will be offered at a discount.

The HKTDC will proactively collaborate with industry organisations and professional bodies to organise thematic workshops on social responsibility and corporate governance for SMEs, covering issues ranging from human resources and supply chain to risk management, cybersecurity and more.

Net-zero roadmaps for businesses

Business Environment Council (BEC) Chief Executive Officer Mr Simon Ng said severe climate challenges meant all business sectors should immediately act to formulate roadmaps and accelerate the net-zero transition.

"BEC will lead the local business community to build a sustainable ecosystem and continue to work with different stakeholders to achieve the goal of carbon neutrality through thought-leadership, innovative solutions, policy advocacy, strategic partnership, advisory services and environmental education," he said.

Discounted ESG Registered(TM) Service

Dun & Bradstreet will offer special discounts for T-box members using the D&B ESG Registered(TM) service, to help them take the first steps towards sustainable transformation and enhance ESG data transparency, which helps firms that form part of global ESG supply chains.

Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd said ESG was about more than net-zero emissions; social responsibility and corporate governance were equally important. "To comply with ESG commitment, many MNCs (Multinational Corporations) have incorporated ESG controls into their supplier and vendor evaluation and selection process. D&B ESG Registered(TM) meets industry recognised sustainability standards such as SASB, GRI, TCFD, UN SDGs, UN PRI and CDP, those who successfully complete the required assessment will be given a badge as a recognition of commitment to disclosing ESG data, and SMEs' efforts in ESG will help lift up corporate images and enhance competitive edges."

Supporting over 3,000 SMEs

The HKTDC Transformation Sandbox (T-box) is a SME support programme launched in April 2020 to help businesses enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing and supply chain solutions and new markets.

The T-box team supports SMEs over a three-month period with advisory services, workshops, government-funding information, market knowledge and networking opportunities to help them track market trends, improve skills and expand business connections. The programme has served more than 3,000 companies since launch. With the support of representatives from professional bodies, business associations, chambers of commerce, business partners as well as HKTDC overseas offices, about 850 consultation meetings have been arranged free of charge.

About T-Box x Dun & Bradstreet Hong Kong ESG Registered(TM) Service

https://smesupport.hktdc.com/en/s/dun-and-bradstreet

About BEC

Business Environment Council Limited (BEC) is an independent, charitable membership organisation, established by the business sector in Hong Kong. Since its establishment in 1992, BEC has been at the forefront of promoting environmental excellence by advocating the uptake of clean technologies and practices which reduce waste, conserve resources, prevent pollution and improve corporate environmental and social responsibility. BEC offers sustainable solutions and professional services covering advisory, research, assessment, training and award programmes for government, business and the community, thus enabling environmental protection and contributing to the transition to a net-zero economy.

About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk

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
HKTDC's Communications and Public Affairs Department
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

Photo download: https://bit.ly/43jxXA3

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

Value Partners Launches the Group’s First Article 8 UCITS* ESG Fund

HONG KONG, May 30, 2023 – (ACN Newswire) – Value Partners Group Limited (together with its subsidiaries, "Value Partners" or "the Group", Hong Kong Stock Code: 806) announces the launch of the Asian Food and Nutrition Fund (the "Fund"), which is the Group's first Article 8, Undertakings for Collective Investment in Transformable Securities (UCITS) compliant equity fund. It also marks the first HKSFC-authorized(1) Asia ex-Japan-focused food and nutrition thematic ESG fund.

Through active selection and engagement of companies leveraging the Group's more than 30 years of regional equity research experience, the Fund seeks to address environmental, sustainability and safety challenges surrounding the food value-chain in Asia, while also delivering attractive long-term total returns for investors. The Fund invests across the entire food value-chain from farm to fork, and employs a bottom-up stock selection approach to identify quality companies in the universe that benefit from three structural trends: 1. growing demand on food and nutrition upgrade, 2. increasing application of food and agriculture technology that improves sustainability and safety and 3. Increasing food services penetration.

The Fund is managed by lead portfolio manager Norman Ho, Senior Investment Director, and co-managed with Lilian Cao, Investment Director. The Fund targets 30-50 high conviction holdings with strong financial fundamentals, and is driven by screening and exclusion of controversial sectors, alignment of respective United Nations Sustainable Development Goals (UNSDG), and proprietary ESG assessment framework and financial models.

June WONG, Chief Executive Officer at Value Partners Group, said, "ESG is an important pillar of our growth strategy given rising demand from clients globally to address major environmental and sustainability challenges. We are excited to be a pioneer in launching the first Article 8 UCITS-compliant Fund that seeks to address food and nutrition challenges in Asia. The launch of the Fund allows investors not only in Hong Kong, but also globally to benefit from these thematic opportunities. This is just our first step in our effort to build out a comprehensive suite of sustainable products to meet investors' ESG investment needs."

Frank Tsui, Managing Director and Head of ESG Investment at Value Partners Group, said, "The launch of the Fund marks a major milestone of Value Partner' ESG franchise to leverage our robust proprietary ESG rating system to enhance and promote ESG practices in the region. Our proprietary rating has achieved 100% portfolio coverage on listed securities, and the expansion into the food and nutrition universe should help us create more impact on companies in the space. The combination of rising focus on ESG-related issues in the food value chain and the increasing demand for food upgrade leads to many unique and exciting investment opportunities that the Fund aims to capture. "

To access the fund prospectus, please visit https://www.valuepartners-group.com/en/value-partners-asian-food-and-nutrition-fund (2).

Value Partners Asian Food and Nutrition Fund – key facts:

Open-ended Umbrella Investment Company: Value Partners Ireland Fund ICAV
Promoter and investment manager: Value Partners Hong Kong Limited
Depositary: HSBC Continental Europe
Legal status: Authorized by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities (UCITS) pursuant to the European Communities UCITS Regulations(3)
Investment strategy: The Fund aims to achieve long-term income and growth by investing primarily in the equity securities of companies engaged in or profit from any activity forming part of the food and beverage nutrition value chain based, or carrying out their business, in the Asia (ex-Japan) region which the Investment Manager believes contribute positively to ESG attributes along the value chain.
Launch date: 24-05-2023
Base currency: US dollar
Other currency class available: Hedged: AUD, RMB, SGD; Unhedged: HKD, USD
Minimum subscription: Class A: AUD 10,000; RMB 60,000; SGD 10,000; USD 10,000; HKD 80,000
Initial subscription fee: Up to 5% of the issue price
Investment manager fees: 1.5% per annum
Dealing frequency: Daily, 11.59am Irish time
Website(2) : https://www.valuepartners-group.com/en/value-partners-asian-food-and-nutrition-fund

(1) HKSFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
* The Undertakings for the Collective Investment in Transferable Securities (UCITS) is the European Commission's regulatory framework for managing and selling mutual funds. UCITS funds can be registered and sold in any country in the European Union using unified regulatory and investor protection requirements.
(2) The website has not been reviewed by the HKSFC.
(3) The Fund is a sub-fund of Value Partners Ireland Fund ICAV (the "Company"). The Company is both authorized and supervised by the Central Bank of Ireland ("Central Bank") as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011. Authorization of the Company by the Central Bank shall not constitute a warranty as to the performance of the Company and the Central Bank shall not be liable or the performance or default of the Company. The authorization of the Company is not an endorsement or guarantee of the Company by the Central Bank.

About Value Partners Group Limited
Value Partners, one of Asia's leading independent asset management firms, seeks to offer world-class investment services and products. Since its establishment in 1993, the Company has been a dedicated, specialist value investor in Greater China and Asia. In November 2007, Value Partners Group became the first asset management firm to be listed on the Main Board of the Hong Kong Stock Exchange (Stock code: 806 HK). In addition to its Hong Kong headquarters, the firm operates in Shanghai, Shenzhen, Kuala Lumpur, Singapore and London. Value Partners' investment strategies cover equities, fixed income, multi-asset, alternatives, real estate and quantitative investment solutions, for institutional and individual clients in Asia-Pacific, Europe and the United States. Value Partners is one of the leaders in ESG investing in Greater China and is committed to developing its ESG capabilities further. For more information, please visit www.valuepartners-group.com.

Media Contact
Value Partners Group Limited
Alice Wong
alicewong@Value Partners.com.hk
+852 9142 5238

Citigate Dewe Rogerson
Isaac Yau
isaac.yau@citigatedewerogerson.com
+852 3103 0112

Investment involves risk. The advertisement has not been reviewed by the HKSFC. Issuer: Value Partners Hong Kong Limited

RISK DISCLOSURE
— Value Partners Asian Food and Nutrition Fund (The "Fund") primarily invests in the equity securities of companies engaged in or profit from any activity forming part of the food and beverage nutrition value chain based, or carrying out their business, in the Asia (ex-Japan) region which the Investment Manager believes contribute positively to environmental, social and governance ("ESG") attributes along the value chain.
— The Fund may subject to risks associated with ESG investing, including concentration and exclusion risks, subjective judgment in investment selection, etc..
— The Fund invests in concentrated region/sector and subjects to higher level of risks than a fund having a more diverse portfolio of investments.
— The Fund's equity portfolio may include small- and mid-cap companies. Investments in such companies may involve greater risks. The stock of such companies may also have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
— The Fund may also invest in derivatives and engage in securities financing transactions which can involve material risks, e.g. counterparty default risk, collateral reinvestment risk or liquidity risk, and may expose the Fund to significant losses.
— In respect of the distribution classes for the Fund, the Investment Manager currently intends to make monthly dividend distribution. However, the distribution rate is not guaranteed. Distribution yield is not indicative of the return of the Fund. Distribution may be paid from capital of the Fund. Investors should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease of the net asset value per share of the Fund.
— You should not make investment decision on the basis of this advertisement alone. Please read the prospectus for details and risk factors.

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

Chic Hong Kong boosts Hong Kong-Shenzhen economic dynamics

HONG KONG, May 29, 2023 – (ACN Newswire) – Chic Hong Kong, jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Shenzhen Municipal People's Government, concluded successfully yesterday. The HKTDC brought together nearly 80 exhibitors showcasing over 130 brands at the three-day shopping festival in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

A flagship event of Guangdong-Hong Kong Cooperation Week, Chic Hong Kong enabled Hong Kong brands to reach a wider consumer base and provided them a stepping stone to the mainland market. The shopping festival brought together nearly 80 exhibitors, of which 40% are new to the mainland market. The 3-day event attracted 200,000 visitors, facilitating trade between and boosting consumption in Shenzhen and Hong Kong.

Stephen Liang, Assistant Executive Director of the HKTDC, said: "The success of Chic Hong Kong creates opportunities for Hong Kong brands to tap into the mainland market. It also underlines Hong Kong's commitment to deepen cooperation with the mainland and drive high-quality development in the GBA."

The shopping festival comprised three themed exhibition areas: Chic Living, Chic Style and Chic Taste, highlighting a diversity of trendy products from Hong Kong.

One of the exhibitors Mr Angus Au, Co-founder & Chief Marketing Officer of Allklear said, "Chic Hong Kong is our first attempt to explore the Mainland China market after the resumption of normal travel between Hong Kong and the mainland. The event gave us a better understanding of the huge potential of healthy foods in the mainland market and consumer preferences in the Greater Bay Area."

Another exhibitor Ms Li, a representative from Telford said, "We brought over 30 cases of tea, which sold out on the first night, with some customers immediately placing orders online. Thanks to strong social media promotion, joining this event was very effective in raising our brand awareness and helping us test the market response to our new products."

In addition to products, Chic Hong Kong also featured over 100 activities, such as Hong Kong artist Gigi Yim's live performance, the grand finals of the GBA 9+2 street dance competition, a demonstration of KamCha Hong Kong Style Milk Tea brewing, a cappella performances, magic shows and more. Moreover, social media influencers from Guangdong and Hong Kong, including renowned Hong Kong vegetarian expert Mr Elvis Chan and ketogenic diet expert Ms Hayden Leung demonstrated how to prepare healthy delicacies for festival visitors.

The HKTDC will continue launching a series of promotional campaigns in the GBA. The Support Scheme for Pursuing Development in the Mainland will also organise business tours and provide training for companies. Furthermore, the HKTDC's GoGBA one-stop platform, GBA Centre and GoGBA business support centres provide year-round consultation, information and business matching services for Hong Kong and overseas businesses and help Hong Kong businesses seek opportunities in the GBA and expand via the Hong Kong platform. The HKTDC will continue to bring exhibitors from the GBA to Hong Kong to seize business opportunities.

The HKTDC Transformation Sandbox (T-box), Digital Academy and E-tailing Academy will continue to provide comprehensive business support and training for SMEs, to help them upgrade and transform and capture opportunities in the GBA.

Websites
– Chic HK: https://portal.hktdc.com/chic-hk/
– Media Room: http://mediaroom.hktdc.com
– Photo download: https://rb.gy/q86qk

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

About Create Hong Kong

Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are to nurture talent and facilitate start-ups, explore markets, promote cross-sectoral and cross-genre collaboration, and promote Hong Kong as Asia's creative capital and foster a creative atmosphere in the community.

Disclaimer for Hong Kong Masterpiece Gallery The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Media enquiries
For media enquiries, please contact

Ruder Finn
Keylor Dai, Tel.: +86 13760604504, E-mail: Keylor.dai@rfcomms.com
Yanice Zhong, Tel.: +86 13437822368, E-mail: Yanice.zhong@rfcomms.com

HKTDC's Communications and Public Affairs Department
Janet Chan, Tel.: +852 2584 4369, E-mail: janet.ch.chan@hktdc.org

HKTDC's Guangzhou and Shenzhen Office Communications & Public Affairs Department:
Robin Chen, Tel.: +86 13829724291, E-mail: robin.rc.chen@hktdc.org
Nora Li, Tel.: +86 13556821118, E-mail: nora.w.li@hktdc.org
Cherry Lin, Tel.: +86 13459410661, E-mail: cherry.w.lin@hktdc.org

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

INVEST Fair 2023: Grow Your Money Lahh! to be held on 3rd & 4th June 2023 in Kuala Lumpur Malaysia

KUALA LUMPUR, May 29, 2023 – (ACN Newswire) – ShareInvestor Malaysia Sdn Bhd, Malaysia's largest independent platform for investor relations, market data tools and investor education, today announced the launch of INVEST Fair, Malaysia's largest investment fair. Under the vibrant theme of "Grow Your Money Lahh!", this year's event encourages participants to "Simplify investing through diversifying assets".

Held from 10am – 9pm on 3rd June (Saturday) and 10am – 7pm on 4th June (Sunday), INVEST Fair will host more than 50 expert speakers from the field of finance and investment. These professionals will share their wealth of knowledge through 50 enriching sessions, covering a broad spectrum of topics including the latest market outlook, sector insights, investment knowledge, trading skills, cryptocurrency, and property investment. Selected sessions will be conducted in Malay and Chinese to inspire all Malaysians to be prudent and savvy investors.

In addition to the enriching sessions and valuable investment insights, more than RM20,000 worth of prizes are up for grabs.

"We are excited to host INVEST Fair 2023, aiming to provide an interactive and educational platform for both seasoned and novice investors," said Mr Christopher Lee, CEO of ShareInvestor Group, who will deliver the welcome address. "This event is a great opportunity for attendees to gain insights from a rich line-up of experts and to network with key industry players."

Guest of Honour, YB Tuan Mohd Rafizi Bin Ramli, Minister of Economy Malaysia will deliver the Ministerial Address at 10am on Saturday 3rd June 2023, after the opening address from Datuk Muhamad Umar Swift, the CEO of Bursa Malaysia.

One of the highlights of the two-day event is the special session by Mr Robert P. Miles, an internationally acclaimed keynote presenter, author, and distinguished authority on Warren Buffett and Berkshire Hathaway. He will share his expertise on "How to Become a Value Investor Like Warren Buffett", a must-attend session for all Warren Buffett enthusiasts.

For more information on the event and registration details, please visit our official website at https://my.invest-fair.com/

Media passes are available upon request.

Media Contact :
Mr Darren Chong
Head of Investor Platforms,
ShareInvestor Sdn Bhd
Email: darren.chong@shareinvestor.com
Mobile: +60 014-9441639

About ShareInvestor ( www.shareinvestorholdings.com )

A leading regional media and technology company, ShareInvestor Pte Ltd (SI) was founded in 1999 to empower investors to make informed investment decisions. SI focuses on providing investor relations, market data and investor education services, and operates the largest investor relations network in the region.

SI Group has over 130 employees in four countries (Singapore, Malaysia, Thailand and Indonesia). It has also made strategic investments in investor relations/public relations firm, Waterbrooks Consultants Pte Ltd ( https://www.waterbrooks.com.sg/ ), and Singapore's leading social media platform for investors, Investing Note Pte Ltd ( https://www.investingnote.com ).

SI ( https://www.shareinvestor.com/ ) provides online market data for multiple markets across its online platform tools ShareInvestor Station(TM), ShareInvestor WebPro(TM) and ShareInvestor Mobile. Its other products include Investor-One (https://www.investor-one.com/), a website on investor education, market news, corporate developments, and data analytics; as well as Inve$t, the e-magazine published weekly in Singapore and Malaysia.

SI organises financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair(TM) ( https://investfair.com.sg) in Singapore and Malaysia draws thousands of participants.

About InvestingNote (www.investingnote.com)

Investing Note is the largest and most interactive platform for investments in Singapore and Malaysia. We're here to make investing Fun & Profitable!

It is a community-driven platform designed specifically to help investors and traders to share ideas on stocks, personal finance, news and insights through social networking and a variety of useful investment tools.

Previously, the company (Investing Note Pte Ltd) has received funding support from Infocomm Media Development Authority (IMDA) and Singapore Press Holdings (SPH).

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

Synergy House Posts Revenue of RM51.6 Million in 1Q FY2023

SHAH ALAM, Malaysia, May 25, 2023 – (ACN Newswire) – Synergy House Berhad, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, announced today that the Group recorded revenue of RM51.6 million for the first quarter ended 31 March 2023 (1Q FY2023) from sales in the business-to-business (B2B) and business-to-consumer (B2C) market segments.

Executive Director of Synergy House, Mr. Tan Eu Tah

Executive Director of Synergy House, Mr. Teh Yee Luen

For 1Q FY2023, the Group registered profit before tax of RM3.6 million and profit after tax of RM2.6 million. There are no comparative figures for 1Q FY2023 as this is the first interim financial report that Synergy House is announcing in compliance with the listing requirements of the ACE Market of Bursa Malaysia Securities Berhad.

The Group's B2B segment recorded a revenue of RM27.4 million or approximately 53.10% of the Group's total revenue while the B2C segment recorded a revenue of RM24.2 million or approximately 46.90% of the Group's total revenue in 1Q FY2023. In comparison, the B2C segment's contribution towards total revenue in the full financial year 2022 was at 25.57%. On a geographical basis, the United States of America was the Group's largest market, contributing to approximately 49.47% of the Group's revenue in 1Q FY2023.

Executive Director of Synergy House, Mr. Tan Eu Tah said, "As the Group enters the final stages of its initial public offering (IPO) journey, we want to reiterate that there is long-term potential in the B2C market segment for RTA home furniture. Synergy House is currently in market expansion mode whereby we are focusing on investing in our B2C sales channel aggressively for wider market outreach. For the first quarter ended 31 March 2023, we have achieved total B2C revenue of RM24.2 million, which is close to 50% of our total B2C revenue for the full financial year ended 31 December 2022 of RM49.6 million."

Executive Director of Synergy House, Mr. Teh Yee Luen said, "As part of our expansion, we have allocated resources and funding to build up our brand name, reputation and reviews on e-commerce platforms. These includes more aggressive advertisement and promotions on the e-commerce platforms that we market on which will bear fruits in the longer term. We see huge potential in the global e-commerce furniture market and we are consistently sowing the seeds for future B2C growth."

Synergy House is raising RM34.4 million through the issuance of 80.0 million new shares at an IPO price of RM0.43 per share which is expected to support the Group's future growth and expansion plans.

For the financial years ended 31 December (FY) 2019, FY 2020, FY 2021 and FY 2022, the Group registered revenue of RM111.5 million, RM122.9 million, RM184.3 million and RM194.1 million respectively. In particular, Synergy House's B2C segment has seen encouraging growth, with sales reaching RM49.6 million in FY2022 from RM1.99 million in FY2019 at a compound annual growth rate of 192.17%.

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.

Synergy House Bhd: https://www.synergyhouseberhad.com/

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