Doubleview Gold Corp Provides End of 2023 Exploration Update at the Hat Polymetallic Project

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce the successful completion of its 2023 exploration and drilling program at the Hat Polymetallic Project situated in the Golden Triangle of British Columbia.

Key achievements of the 2023 exploration program:

Scope and Targets: The comprehensive program successfully covered all intended work programs and explored designated targets. Notably, this marked the largest work program to date at the Hat project.

Main Objective: The primary focus of the 10,500-meter diamond drilling exploration program was to examine the dimensions and characteristics of Copper, Gold, Scandium, and Cobalt mineralization within the Main Lisle Zone of the Hat deposit and its environs. The deposit remains open in all directions.

Sample Analysis: In the current season, 5,220 samples, weighing 25.5 tonnes, were shipped to ALS laboratories, a fully accredited and globally recognized facility in North Vancouver, British Columbia, Canada.

Connecting Deposit Envelopes: A key objective was to enhance connectivity between the deposit envelopes of the Main Lisle deposit and surrounding volumes, creating a cohesive united mass.

NI 43-101 Maiden Resource Estimate: The final achieved and explored volume will serve as the domain envelope for the NI 43-101 maiden resource estimate, anticipated to be disclosed in Q1, 2024.

Budgeting and Cost Controls: Exploration expenses in NW, British Columbia have increased rapidly in recent years. Maintaining tight controls on costs was a key focus of management for the 2023 exploration season. The company drilled approximately 10.500 meters for an estimated %40 of the industry standard costs for a similar drilling campaign.

Farshad Shirvani, President, and CEO stated, “It has been a tremendous year for Doubleview Gold Corp. Accomplishing many goals for the Hat Deposit, our projections reveal significant potential for lateral and depth extensions of this copper-gold deposit, enriched with cobalt and scandium. Importantly, the drilling and exploration program adhered to our projected budget.”

Assay Results:

Assays are being received on a continuous basis and will be published as they are received and verified.

Doubleview maintains a website at www.doubleview.ca.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189250

Hektar REIT and University of Reading Malaysia Forge Transformative Partnership for Educational Excellence and Community Development

KUALA LUMPUR, Nov 30, 2023 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is delighted to announce a collaboration with the University of Reading Malaysia. In a strategic move underscoring Hektar REIT’s commitment to community development, a memorandum of understanding (MOU) has been signed with the University of Reading Malaysia, specifically targeting students from the Henley Business School. This collaboration emphasizes Hektar REIT’s recognition of education as a foundation for building stronger communities.

Sabrina Halim, General Manager, Business Development & Strategy and Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd.; Professor Wing Lam, Provost and CEO of University of Reading Malaysia, and Professor Teck Yong Eng, Professor of Business Enterprise & Analytics, Head of Henley Business School Malaysia[L-R]

This partnership aligns with Hektar REIT’s dedication to supporting educational endeavours and fostering a well-rounded talent pool essential for societal progress and industry readiness. The initiative encompasses various forms of support for students, such as bursaries, cash rewards for high-achieving individuals, as well as opportunities for internships and placements. Through these efforts, Hektar REIT aims to make a positive impact by fostering the growth of the next generation of professionals and leaders.

ED & CEO of Hektar Asset Management Sdn Bhd

Hektar REIT plans to offer practical opportunities for students through internship programs, allowing them to gain valuable hands-on experience. This is in line with Hektar REIT’s goal to bridge academic learning with real-world applications, ensuring students are well-prepared for their future careers. Additionally, Hektar REIT is looking forward to introducing Graduate Trainee Programs at a later stage, further enriching the students’ professional development.

En. Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. expressed his views on this initiative, “We are excited about this collaboration with the University of Reading Malaysia. Our collaboration exemplifies our commitment to ESG values. By harmonizing business operations with sustainability, we aim to set a precedent for responsible corporate practices that benefit both our stakeholders and society at large. It is indeed an opportunity for us to contribute to the growth and development of young minds. This aligns perfectly with our goal to achieve business success and play a role in nurturing future talent and giving back to the community. Through education and practical learning experiences, we believe we can make a positive impact on society. Together, we aspire to cultivate a generation of responsible professionals and contribute to the betterment of society.”

This collaborative effort is part of Hektar REIT’s broader strategy to integrate business operations with sustainable and socially responsible practices. Hektar REIT stands at the forefront of a paradigm shift, recognizing the imperative to integrate ESG principles into the core of its operations. This collaboration with the University of Reading Malaysia serves as a testament to Hektar REIT’s proactive approach to balancing business objectives with a genuine commitment to societal welfare.

Mette Johansson Launches Empowering Book on Dispelling Workplace Myths Hindering Women’s Advancement, “Narratives: The Stories That Hold Women Back At Work”

SINGAPORE, Nov 29, 2023 – (ACN Newswire) – Renowned for her advocacy for gender equality, author Mette Johansson introduced her groundbreaking book, “Narratives: The Stories That Hold Women Back at Work,” amidst a captivating launch event at One Raffles Quay, North Tower, Singapore. Published by Penguin Random House SEA this thought-provoking piece confronts suppressed workplace realities, unraveling misconceptions surrounding crucial topics such as the gender pay gap, women’s roles in leadership, and the challenges working mothers face. Mette’s previous works include “How to Make Yourself Promotable: 7 Skills to Help You Climb the Career Ladder,” and she was also a co-author and ideator of ‘Unleash Your Voice: Powerful Public Speaking for Every Woman,’ both of which ranked among Amazon’s bestsellers. Mette Johansson, for almost two decades, has worked in leadership roles for multinational corporations across Asia and Europe before she founded MetaMind Pte Ltd. This training consultancy supports clients in developing tailored learning journeys in the “people side of leadership skills.” Clients include large MNCs such as Citibank, Microsoft, and UPS, as well as mid-sized ones.

**Embarking on a Journey of Narratives: Mette Johansson, Author (Center Stage), Unveils her Book Surrounded by Visionaries and Influential Minds.**

Through a compelling blend of personal anecdotes, enlightening interviews with female leaders, and actionable remedies, Johansson challenges the pervasive narratives that hinder women’s career advancement. Her work calls for action, empowering women and organizations to reshape workplaces into equitable environments.

“Narratives” delves into ten persistent myths that perpetuate gender stereotypes and limit women’s opportunities. Johansson shatters these myths by amplifying the voices of successful female entrepreneurs and leaders, including Lakshmi Murlidharan, Dalia Feldheim, Rashmi Dalai, Caroline Farberger, Sheryl Sandberg. Shirley Tee and Priya Sharma.

“Women’s advancement in the workplace is not just a women’s issue; it’s a societal imperative,” asserts Johansson. “My book serves as an urgent call to action for the creation of equitable workplaces. I implore readers to reconsider and reshape their workplace environments to foster greater equity and inclusion. The time is now to transform and adapt our professional world, ensuring that women can not only succeed but also thrive.”

The book’s unique selling propositions include:

Confronting Workplace Realities: Johansson fearlessly tackles the unfiltered truths about workplace gender dynamics.
Amplifying Female Narratives: The book provides a platform for female leaders to voice their experiences and challenge gender narratives.
Thought-Provoking Narratives and Actionable Remedies: Johansson presents real-world accounts and practical solutions to dismantle harmful myths.
Illuminating Truths Through Narratives: The book enriches the understanding of gender dynamics in the workplace.
Call to Action for Equitable Workplaces: Johansson urges readers to reconsider and reshape workplaces into more equitable environments.

Nora Nazerene Abu Bakar, Publisher, Penguin Random House SEA quips, “Narratives emerge as an indispensable resource, offering a compelling pathway for challenging prevailing gender stereotypes and fostering inclusivity within workplaces. It is a potent catalyst, equipping women with invaluable insights to navigate career hurdles and enabling organizations to champion a more equitable future.”

Let us grab the copy at https://shorturl.at/cFLVZ.

Media contact:
Ganesh Somwanshi
Founder- Mett.AI
www.mettai.world
ganesh@mettai.world

The 10th PropertyGuru Asia Awards in partnership with iProperty.com.my mark a decade of celebrating real estate achievements

KUALA LUMPUR, Nov 27, 2023 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue.

Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s list of winners. The Awards were presented across 48 categories, decided by an elite roster of local and foreign experts as well as the people of Malaysia.

With nine golden statuettes, WCT Land Sdn Bhd garnered the most wins of the year. The company was named Best Developer (Malaysia), Best Developer (Central Malaysia), and Best Mixed Use Developer and garnered multiple awards for its projects Pavilion Mont Kiara and Greenville Residences.

UEM Sunrise Berhad also gained nine wins, including various honours for its projects The Connaught One, Allevia Mont’Kiara, The MINH Mont’Kiara, Residensi ZIG, and Verna Serene Heights.

Another big winner, Sime Darby Property, won five golden statuettes, including the prestigious Best Landed Development (Malaysia) award for Ilham Residence, in addition to honours for Bandar Bukit Raja and Serasi Residences, Putra Heights Sentral. Eupe Corporation Berhad won the prestigious Best High-Rise Development (Malaysia) title for Est8 @ Seputeh in one of three awards for the company.

Other winners in the Developer categories were Mah Sing Group Berhad, named Best Lifestyle Developer with a win for M Astra; Perbadanan Kemajuan Negeri Selangor, named Best Affordable Homes Developer; Tanah Sutera Development Sdn Bhd, named Best Developer (Southern Malaysia) with a win for Sutera Square; and Tanjung Ratna Sdn Bhd, named Best Boutique Developer.

An independent panel of expert judges provided their unbiased insights during the Live Judging Days that began in July 2023. They consisted of Datuk Ar. Ezumi Harzani Ismail, chairperson of the panel of judges and president of the Malaysian Institute of Architects: 2020-2022; Chris Tia, vice-chairperson of the panel of judges and principal and managing partner of Tia & Noordin; Blaine Robert, CEO and creative director, Blaine Robert Design; Christophe Vicic, chief growth officer, JLL Property Services (M) Sdn Bhd; Dr. Daniele Gambero, president, Malaysia Proptech Association (MPA); Sr Engad Ravana, principal, ER Consult; PMgr Sr Haji Ishak bin Ismail, president, Malaysia Institute of Professional Property and Facility Managers (MIPFM); Ho Chin Soon, chairman, Ho Chin Soon Research; Dato’ Sr. Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018; Sr Low Han Hoe, independent property consultant, coach, mentor, trainer, FRICS FRISM FPEPS FMIPFM MMIEA MPINZ; Ar. Ts. PRBr.Mustapha Kamal Zulkarnain, founder and principal, Arkitek Mustapha Kamal; Assoc. Prof. LAr. Dr Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM); Datin TPr Hjh Noraida Saludin, president, Malaysian Institute of Planners (MIP); Ir. Ong Ching Loon, immediate past president, The Institution of Engineers Malaysia (IEM): 2020-2022; Ar (Dr) Serina Hijjas, vice president, MalaysiaGBC 2023-2025; Sr Subramaniam A/L Arumugam, president, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS); Tan Hui Yin, partner, Tan Chap & Associates; and Ir. Dr. Zulhkiple A Bakar, managing director, Perunding ZAB Sdn Bhd.

John Ler and Kelvin Chew, international contact partner and managing partner of HLB Ler Lum Chew – HLB Malaysia, respectively, represented the official supervisor and made sure the selection process was fair, credible, and transparent.

Property seekers in Malaysia were also given the opportunity to recognise the 10 finest developers in the country. This year, the People’s Choice Awards went to Chin Hin Group Property; Eastern & Oriental Berhad; Glomac Berhad; LBS Bina Group Berhad; Mah Sing Group Berhad; Mitraland Group; Perbadanan Kemajuan Negeri Selangor; Seri Pajam Development; Sime Darby Property; and UEM Sunrise Berhad.

The Portal’s Choice Awards, decided by the Awards Organising Committee, went to OCR Group (Visionary Developer Award); HCK Capital Group Berhad (Urban Revival Award); and Gunung Impian Development Sdn Bhd (Consumer Game Changer Award). The Awards Organising Committee also presented the inaugural Rising Star Award to Ms Lindy Tan of BCB Berhad for her fresh, innovative approach to working in the real estate scene.

The editorial team of Property Report by PropertyGuru, the official magazine, presented the Malaysia Real Estate Personality of the Year award to Tan Sri Dato’ Seri Vincent Tan, founder and advisor of Berjaya Corporation Berhad. He is honoured for several remarkable achievements, including the diversification of the conglomerate and its expansion into markets across Asia.

Malaysia’s leading property marketplaces, PropertyGuru.com.my and iProperty.com.my, jointly organised the black-tie gala dinner and presentation ceremony.

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “With our Awards, we continue to celebrate property development and design that is setting the standard for excellence in Malaysia. Our panel of expert judges recognise these projects have the chance to create real impact for the nation’s consumers. We believe that our winning developers and their projects will make a lasting, positive influence on the industry.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “Congratulations to the 2023 Malaysia award winners. We are proud to set a gold standard in design and development through the collaboration of two market leaders. With the backing of Malaysia’s premier property marketplaces – PropertyGuru Malaysia and iProperty – the Malaysia awards showcase the very best real estate to property seekers, domestically and internationally.”

Winners from the Awards in Malaysia may vie for the Best in Asia accolades at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand on 8 December.

The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my programme is supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; media partners Asian Property Review, BERNAMA, Kopi & Property, Niaga Times, Penang Property Talk, Real Estate Malaysia (REM), The Grid Asia, The Malaysia Voice, and Top 10 of Malaysia; supporting association REHDA Institute; official balloting partner HLB Ler Lum Chew – HLB Malaysia; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my

DEVELOPER AWARDS

Best Developer (Malaysia)
WINNER: WCT Land Sdn Bhd

Best Developer (Southern Malaysia)
WINNER: Tanah Sutera Development Sdn Bhd

Best Developer (Central Malaysia)
WINNER: WCT Land Sdn Bhd

Best Boutique Developer
WINNER: Tanjung Ratna Sdn Bhd

Best Mixed Use Developer
WINNER: WCT Land Sdn Bhd

Best Lifestyle Developer
WINNER: Mah Sing Group Berhad

Best Affordable Homes Developer
WINNER: Perbadanan Kemajuan Negeri Selangor

DEVELOPMENT AWARDS

Best Luxury High-Rise Development (Central)
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best High End High-Rise Development (Central)
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

Best Mid End High-Rise Development (Central)
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Mass Market High-Rise Development (Central)
WINNER: M Astra by Mah Sing Group Berhad

Best High End High-Rise Development (Southern)
WINNER: Greenville Residences by WCT Land Sdn Bhd

Best Waterfront High-Rise Development
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd

Best Value High-Rise Development
WINNER: Serasi Residences, Putra Heights Sentral by Sime Darby Property

Best Lifestyle High-Rise Development
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Investment High-Rise Development
WINNER: IBN Highlands City by IBN Corp

Best Green High-Rise Development
WINNER: Allevia Mont’Kiara by UEM Sunrise Berhad

Best Eco Friendly High-Rise Development
WINNER: Stellar Damansara by OCR Land Development Sdn Bhd

Best Connectivity High-Rise Development
WINNER: The Connaught One by UEM Sunrise Berhad

Best Mass Market Landed Development (Central)
WINNER: Verna Serene Heights by UEM Sunrise Berhad

Best Value Landed Development
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Smart Home Landed Development
WINNER: Nada Embun by Seri Pajam Development

Best Lifestyle Landed Development
WINNER: Ilham Residence by Sime Darby Property

Best Completed Landed Development
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Integrated WFH Development
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd

Best Co Living Development
WINNER: The Meg by Eastern & Oriental Berhad

Best Industrial Development
WINNER: Bandar Bukit Raja by Sime Darby Property

Best Mixed Use Development
WINNER: The Connaught One by UEM Sunrise Berhad

Best Retail Development
WINNER: Sutera Square by Tanah Sutera Development Sdn Bhd

DESIGN AWARDS

Best Township Masterplan Design
WINNER: Andaman by Eastern & Oriental Berhad

Best Mixed Use Architectural Design
WINNER: The Connaught One by UEM Sunrise Berhad

Best Luxury High-Rise Architectural Design
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best High End High-Rise Architectural Design
WINNER: The MINH Mont’Kiara by UEM Sunrise Berhad

Best Landed Architectural Design
WINNER: D’ Art Hills Residence by PH World

Best High-Rise Interior Design
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

Best High-Rise Landscape Design
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best Clubhouse Design
WINNER: D’ Art Hills Residence by PH World

BEST OF MALAYSIA AWARDS

Best Landed Development (Malaysia)
WINNER: Ilham Residence by Sime Darby Property

Best High-Rise Development (Malaysia)
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

SPECIAL AWARDS

Special Recognition in ESG
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad
WINNER: Tanah Sutera Development Sdn Bhd

Special Recognition for CSR
WINNER: LBS Bina Group Berhad
WINNER: Tanah Sutera Development Sdn Bhd
WINNER: WCT Land Sdn Bhd

Special Recognition in Sustainable Design and Construction
WINNER: LBS Bina Group Berhad
WINNER: Perbadanan Kemajuan Negeri Selangor
WINNER: WCT Land Sdn Bhd

PORTAL’S CHOICE AWARDS

Visionary Developer Award
WINNER: OCR Group Berhad

Urban Revival Award
WINNER: HCK Capital Group Berhad

Consumer Game Changer Award
WINNER: Gunung Impian Development Sdn Bhd

Rising Star Award
WINNER: BCB Berhad – Ms Lindy Tan

PUBLISHER’S CHOICE AWARD

Malaysia Real Estate Personality of the Year
WINNER: Tan Sri Dato’ Seri Vincent Tan, Founder and Advisor, Berjaya Corporation Berhad

PEOPLE’S CHOICE AWARDS

WINNER: Chin Hin Group Property
WINNER: Eastern & Oriental Berhad
WINNER: Glomac Berhad
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad
WINNER: Mitraland Group
WINNER: Perbadanan Kemajuan Negeri Selangor
WINNER: Seri Pajam Development
WINNER: Sime Darby Property
WINNER: UEM Sunrise Berhad

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 37 million property seekers(2) to connect with almost 60,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit:PropertyGuruGroup.com;PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between October 2022 and March 2023.
(2) Based on Google Analytics data between October 2022 and March 2023.
(3) Based on data between January 2023 and March 2023.
(4) Based on data between October 2022 and March 2023.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards SponsorshipM: +66 93 293 9794E: kanittha@propertyguru.com

Sales & Nominations:
Samuel Poon, Asst. Manager (Malaysia & China) – Awards
M: +60 16 411 4361
E: samuel@propertyguru.com

Southeast Asia a Bright Spot in the Global Flexible Office Market in 2023 with TEC Centres in the Region Exhibiting Average Occupancy Rates of Over 90%

SINGAPORE, Nov 27, 2023 – (ACN Newswire) – The Executive Centre (“TEC”), the leading premium flexible workspace provider that serves more than 47,000 Members in 33 cities across Asia-Pacific and the Middle East, has seen exceptional growth in Southeast Asia in 2023, with the momentum expected to carry on into 2024.

Led by client demand, TEC has added four new centres in Singapore, Jakarta, Ho Chi Minh City and Manila this year, with the latest addition in Manila on the 8th floor of Ayala Triangle Gardens Tower 2 which opened last month.

These new openings are backed by consistently high demand and occupancy rates of over 90% across multiple markets in the region in 2023. As of September 2023, TEC’s centres in Singapore and Manila are leading its portfolio at 95% and 98% occupancy rates, followed not far behind by Ho Chi Minh City at 91% and Jakarta at 81%. With these new expansions, TEC has added almost 1,200 workstations across these four key Southeast Asian markets in 2023, representing a 33% increase in workstation growth.

In Singapore, demand for office space is growing as multinational companies seek to relocate to the city-state and set up headquarters there to take advantage of Singapore’s status as a gateway city and key business hub. These include firms from the financial industry such as asset managers, private wealth managers, private equity firms and family offices, as well as technology startups from across the region that are seeking to move to more flexible workspaces which will allow them to downsize or upsize nimbly.

Office demand is also bolstered by the increasing “back-to-office” momentum in Singapore, as employers tighten hybrid working policies, with CBRE’s 2023 Singapore Office Occupier Sentiment Survey finding that 64% of companies are focused on increasing office attendance or improving work efficiency.

Despite the “back-to-office” trend, the way tenants use office spaces has irrevocably changed since pre-Covid days, as companies place greater emphasis on having access to a combination of purpose-built spaces including private offices for focused work, flexible seating, collaborative meeting rooms, and event spaces.

In response to this increased demand for flexible seating, meeting and event spaces, TEC will be opening a new centre from the 45th to 47th floors at Singapore Land Tower in January 2024.

Yvonne Lim, Managing Director of Southeast Asia at The Executive Centre said, “We have done exceptionally well particularly in Singapore with a city average occupancy of 95% in 2023, at the same time, we are seeing robust demand for our upcoming new centre at Singapore Land Tower on Levels 45 to 47. TEC’s expansions are largely driven by client’s requirement and the inter-city network within SEA continue to look strong with clients having multiple presence with TEC SEA network.”

Appendix: 2023 New Openings in Southeast Asia

Singapore

Capital Square (opened January 2023)

Capital Square is a Grade A office building located in Singapore’s no. 23 Church Street. Composing of a 16-storey office tower, Capital Square also features two blocks of restored heritage shop houses, boutique food and beverage outlets, retail amenities, and seven levels of parking space. Providing unrivalled accessibility and convenience to a myriad of users and business entities commuting from across the city and beyond, Capital Square is a strategic and modern location suited for future-forward corporate entities, creative businesses and innovative technology companies.

Size (square metres)	2,625
Workstations	430

Singapore Land Tower (opening in January 2024)

The Executive Centre at Singapore Land Tower provides a flexible workspace solution in the heart of Singapore’s central business district. Situated within 50 Raffles Place and located just steps away from Raffles Place MRT station, the tower is surrounded by shopping malls, restaurants and cafes. The 47-storey tower attracts reputable companies and organisations. Several embassies also call the building home, including Germany, Colombia and Ukraine

Opening in 2024:
Levels 45 to 47 Private Offices, Member Lounge and Reception (January 2024)

Size (square metres)	4,712
Workstations	490

Jakarta

Pacific Century Place (opened April 2023)

Located in the heart of Sudirman Central Business District, The Executive Centre at Pacific Century Place (PCP) is the professional’s first choice in flexible workspace, serviced offices and coworking solutions in the region. A sustainability-forward establishment, PCP is also the first office building in Indonesia to obtain Leed Platinum status and Platinum Grade certification by Greenship New Building. Businesses that are looking for a Sudirman Central office space that’s sustainable and accessible will not be disappointed by TEC’s level 39 centre, which features stunning city views and contemporary interior design.

Size (square metres)	1,600
Workstations	268

Ho Chi Minh City

Friendship Tower (opened July 2023)

Friendship Tower is a LEED-certified Grade A office building located in Ho Chi Minh City’s most well-known and strategic boulevards.

Size (square metres)	722
Workstations	125

Manila

Ayala Triangle Gardens Tower 2 (opened October 2023)

Ayala Triangle Gardens Tower 2 is the most sought-after location in the Philippines for domestic and multinational companies. Strategically located in the heart of Makati City’s business hub, it is surrounded by some of the most successful corporate names in the world. Companies from industries such as IT, financial services, real estate, manufacturing and legal can be found in Ayala Triangle Gardens.

Size (square metres)	1,895
Workstations	358

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 33 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.

www.executivecentre.com

Press Enquiries:

FGS Global
Zephyr Ow
Zephyr.Ow@fgsglobal.com / +65 8022 7651

The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

The Hong Kong Institute of Directors Announces Winners of Directors of the Year Awards 2023 at the Institute Annual Dinner

HONG KONG, Nov 24, 2023 – (ACN Newswire) – The Hong Kong Institute of Directors (“HKIoD”) announced the winners of the Directors Of the Year Awards (“DYA”) 2023 at its Annual Dinner held at the Hong Kong Convention and Exhibition Centre yesterday.

The opening ceremony of the event was hosted by Dr Christopher To, Chairman of HKIoD, with Dr Kelvin Wong, SBS, JP, Chairman of Accounting and Financial Reporting Council, as the Guest of Honour addressing participants.

Dr Christopher To, Chairman of HKIoD, said, “In the wake of the pandemic, all businesses need to re-evaluate their positioning, identify their new niche and engage in transformation to bring about a better tomorrow. The Institute’s theme this year is “Transform for a Better Tomorrow”. The 13 awardees, who were well-deserving, have demonstrated their ability to navigate their companies through the unprecedented challenges presented by the pandemic. They have also embraced change and innovation, paving the way for a brighter future. The leadership exhibited by these winners aligns perfectly with this year’s award theme.”

Awards Organising Committee Chairman Ms Alice Yip, commented, “From the awardees, we see excellent corporate governance and director practice, even in challenging time. Some of the boards have demonstrated compositions that merit an additional recognition in board diversity. From the Awardees, we see corporate transformation, that enables corporate sustainability. They are mindful of their business purpose in creating value for their companies, stakeholders and humankind.”

Dr Carlye Tsui, CEO of HKIoD, said, “Sustainability remains our goal in the “Better Tomorrow” part of our theme “Transform for a Better Tomorrow”. Transformation is led by the board of directors. It covers business transformation and board transformation, the latter to enable the former. Hats off from HKIoD to this year’s award-winning directors, who have demonstrated outstanding practices in this regard.”

Dr Tsui supplemented that DYA has been organised since 2001 and supported by over 100 project partners. It is a community-wide project with nominations open to the public. “We are pleased to have candidates and Awardees from Hong Kong as well as the Mainland of China. Apart from recognizing role models, the project also serves the purpose of public education.”

The winners of DYA 2023 in the various award categories are listed below:

Listed Companies Categories
Executive Directors	Ms CHIU Siu Yin Lovinia Medialink Group Limited
	Ms JIANG Anqi Tianqi Lithium Corporation
	Mr LAM Wai Hon, Patrick FSE Lifestyle Services Limited
	Dr MA Mingzhe Ping An Insurance (Group) Company of China Ltd
	Ms Winnie WONG Chi Shun Asia Insurance Company Limited
Boards	China Resources Beer (Holdings) Company Limited
	FSE Lifestyle Services Limited
	Tam Jai International Co. Limited**
	Tianqi Lithium Corporation
Statutory/ Non-profit-distributing Organisations Categories
Boards	Friends of the Earth (HK)**
	Hong Kong Housing Society**
	KELY Support Group**
	Kids4Kids**

In alphabetical order of names within category

**In addition: recognition of Excellence in Board Diversity

About The Hong Kong Institute of Directors (“HKIoD”)

The Hong Kong Institute of Directors is Hong Kong’s premier body representing directors to foster the long-term success of companies through promoting corporate governance and director professionalism. A non-profit-distributing organisation with membership consisting of executive directors, non-executive directors and independent non-executive directors from diverse industries and corporate types, HKIoD is committed to providing directors with education, information service and a representative and influential voice. HKIoD conducts business with international perspectives and multi-culturalism. In the international platform, HKIoD is a member institute of the Global Network of Director Institutes (“GNDI”), which represents over 150,000 directors, and also hosts the Hong Kong Chapter of Climate Governance Initiative, a global network in promoting climate actions among directors.

For details, please visit: http://www.hkiod.com / http://www.gndi.org / https://climate-governance.org/

About Directors of the Year Awards

Directors Of The Year Awards were first launched in 2001 as the first ever such Awards organised in Asia. The project has now become an annual project of impact in the community organised by the Institute together with over 100 Project Partners. To date, 243 Awardees have been recognised for their achievements in demonstrating exemplary high standards in corporate governance.

Nominations of candidates are open to the public and are processed in a well-defined and stringent set of procedures. Awards are presented by company categories, viz Listed Companies, Non-listed Companies and Statutory/Non-profit-distributing Organisations, and by capacities, viz Executive Directors, Non-Executive Directors and Boards.

Media Enquiries:

Strategic Public Relations Group Limited

Brenda Chan+852 2114 4396/ brenda.chan@sprg.com.hk

Directors Of The Year Awards:

The Hong Kong Institute of Directors

Odessa So +852 2889 4988/ odessa.so@hkiod.com

The Guest of Honour, Dr Kelvin Wong, Chairman of Accounting and Financial Reporting Council (8th from left, 1st row), special guests and officials to join the group photos together with the awardees (2nd row).

A panoramic group photographs taken together to commemorate the occasion.

Yew Lee Announces RM5.7 Million Revenue for Q3

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Yew Lee Pacific Group Berhad (“Yew Lee” or the “Group”), a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM5.7 million for the third quarter ended 30 September 2023 (“3Q FY2023”).

Managing Director of Yew Lee, Mr. Ang Lee Leong

In 3Q FY2023, Yew Lee reported a revenue of RM5.7 million, compared to RM6.1 million in the same quarter of the previous year. This change is primarily due to variations in sales orders. Notably, the Group’s manufacturing business remained profitable, contributing positively to the overall financials. However, an overall slight loss after tax of RM0.1 million was recorded for this quarter, against a profit after tax of RM0.8 million in the corresponding period last year. This was largely due to challenges faced in the trading business segment, which offset the gains from manufacturing.

The revenue breakdown for 3Q FY2023 shows that the manufacturing segment contributed RM3.5 million, while the trading segment accounted for RM2.2 million. The manufacturing segment of Yew Lee demonstrated resilient performance, achieving an operating profit of RM0.3 million. In contrast, the trading segment faced some setbacks, resulting in an operating loss of RM0.3 million.

On a quarter-on-quarter basis, revenue rose to RM5.7 million in 3Q FY2023 from RM5.1 million in the previous quarter, an increase of 11%. This was attributed to a slight uptick in sales orders. The quarter’s loss after tax of RM0.1 million improved from a RM0.4 million loss in the preceding quarter, influenced by income tax expense and higher administrative expenses in the previous quarter, partially cushioned by a shift towards higher-margin products.

Mr. Ang Lee Leong, Managing Director of Yew Lee, stated, “While the rubber glove industry continues to be a significant sector for us, we are actively exploring new avenues for growth. Our commitment to diversifying our market reach and enhancing our operational efficiency remains steadfast. We are optimistic about the future and believe that our strategic initiatives will enable us to generate increased income and ensure Yew Lee’s resilience and long-term stability in a dynamic global market. In addition, our trading segment will endeavor to secure larger and more consistent plus sustainable contracts as part of our ongoing turnaround strategy.”

In line with the Group’s strategy to expand its market presence, Yew Lee is establishing a new subsidiary in Thailand, focusing on industrial brush manufacturing. This decision comes after careful evaluation of the Thailand market, where a stable demand for industrial brushes has been identified. The Group is investing RM9 million from its IPO proceeds for this venture, with RM5.5 million allocated for purchasing additional manufacturing machinery and equipment, and RM3.5 million for setup costs and working capital requirements. So far, an investment of RM1.2 million has been made towards this expansion. Yew Lee’s venture into Thailand is a strategic move to strengthen the Group’s market position and enhance its competitiveness in the Southeast Asian region.

As at 23 November 2023, the share price of Yew Lee stands at RM0.37, representing a market capitalisation of RM197.7 million.

Artroniq Announces Impressive Q1 FY2024 Financial Performance with Remarkable Revenue Growth

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Artroniq Berhad (“Artroniq” or the “Group”), a key contender on the ACE Market, with its’ game-changing move for the Malaysian electric vehicle industry, is proud to unveils the Group’s financial achievements for the first quarter ended 30 September 2023 (“Q1 FY2024”). The Group has demonstrated exceptional growth and strategic resilience, marking a promising start to the year with a substantial increase in revenue.

In Q1 FY2024, Artroniq Berhad achieved an extraordinary revenue of RM16.0 million, marking a stellar increase of about 225-fold as compared to Q6 FY2023. This surge in revenue is mainly attributed to the resolution of previous product returns in the ICT products and related services segment, signifying a robust recovery and commitment to quality and customer service.

Despite the challenging economic climate, Artroniq Berhad has significantly reduced its loss before tax to a less than RM0.1 million in Q1 FY2024 from RM16.0 million in Q6 FY2023. This improvement is a result of strategic initiatives and effective management decisions, including addressing goodwill impairment in the ICT segment.

The management of Artroniq, commented, “We are thrilled with our Q1 performance, which not only showcases our resilience but also our strategic prowess in navigating industry challenges. Artroniq Berhad is actively capitalising on the growth of the semiconductor industry and the emerging electric vehicle market. Our ventures, especially in electric bicycles, are aligned with Malaysia’s Madani Economy objectives and contribute to the national goal of carbon neutrality by 2050. We are committed to innovation, sustainability, and delivering value to our stakeholders.”

They added: “The global semiconductor industry continues to grow despite challenges in securing resources and talent. Malaysia’s strategic initiatives, particularly in Penang, are creating a conducive environment for semiconductor advancements. The government’s focus, as highlighted by the Malaysian Automotive, Robotics and IoT Institute (MARii), on initiatives like the Electric Motorcycle Usage Incentive Scheme is expected to bolster the EV market, including electric motorcycles (e-bikes).”

In conclusion, Artroniq Berhad remains focused on its growth trajectory, leveraging its strengths in the semiconductor and electric vehicle sectors. The Group is committed to navigating the dynamic market conditions with prudence and strategic foresight, ensuring sustained success in 2024 and beyond.

As at 23 November 2023, the share price of Artroniq is RM0.845, representing a market capitalisation of RM344.6 million.

“BEA x Blue Cross 2023 Hong Kong Open Fencing Championships” set to launch this Weekend

HONG KONG, Nov 23, 2023 – (ACN Newswire) – The “BEA x Blue Cross Insurance 2023 Hong Kong Open Fencing Championships”, the climactic final week of Hong Kong’s fencing competitions, will be held with great fanfare on 25th and 26th November, 2023. Hosted at Hall 11 of AsiaWorld-Expo, the Championships are organised by the Hong Kong Fencing Association (“HKFA”) and co-sponsored by The Bank of East Asia, Limited (“BEA”) and Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”).

BEA and Blue Cross have been actively devoting resources to nurture local athletes and support sports development, particularly through their well-established association with the HKFA, working hand-in-hand to promote the sport of fencing and raise public awareness of local athletes. World-class fencers have been invited to the Championships, and nearly 1,000 elite fencers, including 100 overseas participants from 14 countries and regions, such as China, Australia, New Zealand, Korea, Singapore, Chinese Taipei and more, will gather in Hong Kong to vie for the awards. This year, following the award arrangement from last year, the “BEA x Blue Cross Insurance Best Fencer Awards” will be presented, recognising the top 24 athletes for outstanding performances in the Men’s and Women’s Open categories for Epee, Foil and Sabre. The total prize money available amounts to over HKD$100,000.

This year’s tournament will include Men’s and Women’s Open categories and Master categories for Epee, Foil and Sabre, which will capture the excitement and put on display exquisite fencing skills at their best. Additionally, there will be competitions for boys and girls Under-14 categories in Epee, Foil and Sabre, with the aim of nurturing rising stars and providing opportunities for youngsters to experience world-class competitions and present their talent to the world.

Mr. Yang Wing Sun, President of the HKFA, said, “We are honoured to be able to invite top fencers from around the world to participate in this edition of the Championships, and we believe it will be an intense arena of competitive excellence. We would like to express our gratitude to the BEA, Blue Cross and Hong Kong Government for their unwavering support in promoting the development of fencing in Hong Kong, including their strong support for the Hong Kong Open Fencing Championships. This has provided a platform and necessary resources to allow fencers to gain top-class experience and enhance their skills. For fencers of Hong Kong team, the Hong Kong Open Fencing Championships can be regarded as a warm-up match for next year’s Fencing Grand Prix, in preparation for winning Olympic tickets.”

Mr. Adrian Li, Co-Chief Executive of BEA, said, “Hong Kong’s fencers have captured our imaginations with their exceptional and inspiring performances in recent competitions. In collaboration with Blue Cross and HKFA, BEA is honoured to sponsor another year of the Hong Kong Open Fencing Championships, to further engage our community in this thrilling sport. The Bank supports the development of the Hong Kong sports scene and local athletes, and we eagerly look forward to electrifying performances that will bring the joy of sports to the public.”

Ms. Bonnie Tse, Chief Executive Officer of Blue Cross, stated, “This year marks Blue Cross’s eighth consecutive year as the title sponsor of the ‘Hong Kong Open Fencing Championships’. We have witnessed the rise in interest and awareness of fencing in Hong Kong over the years. We are therefore delighted to join force once again with BEA and the HKFA to provide more opportunities for the public to enjoy high-level competitions, support local athletes and sports development, and contribute to the promotion of sports in the community.”

Live broadcasting of the two-day event for the Championships will be available at the link: https://www.youtube.com/@koovbroadcastinglive9180/streams

For high-res photos, please visit:https://bit.ly/40RyskD

About The Bank of East Asia

Incorporated in 1918, The Bank of East Asia, Limited (“BEA”) is a leading Hong Kong-based financial services group listed on The Stock Exchange of Hong Kong, with total consolidated assets of HK$872.1 billion (US$111.3 billion) as of 30th June, 2023.

BEA provides a comprehensive range of corporate banking, personal banking, wealth management, and investment services to customers through an extensive network of about 130 outlets covering Hong Kong, the Chinese Mainland, Macau, Taiwan, Southeast Asia, the United Kingdom, and the United States. For more information, please visit www.hkbea.com.

About Blue Cross Insurance

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited. With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel, and general insurance, which cater to the needs of both individual and corporate customers.

Blue Cross distributes its products through various channels, including AIA agency force, online platform, direct sales, BEA network, insurance agents and brokers, as well as travel agencies.

In 2023, Blue Cross is assigned the Financial Strength Rating of A+ / Stable and Issuer Credit Rating: A+ / Stable by S&P. For more information about Blue Cross, please visit www.bluecross.com.hk.

Appendix 1: “BEA x Blue Cross 2023 Hong Kong Open Fencing Championships” Schedule*

Competition Date	Categories	Individual Events	Competition Time
25th November, 2023(Sat)	Open Categories	Men’s Epee	9am – 8pm
		Women’s Foil
		Men’s Sabre
	Master Categories	Men’s Epee	1pm – 4pm
		Men’s Sabre	4pm – 6pm
		Women’s Foil	5pm – 6pm
	Under-14 Categories	Women’s Epee	9am – 8pm
		Men’s Foil
		Women’s Sabre
26th November, 2023(Sun)	Open Categories	Women’s Epee	9am – 8pm
		Men’s Foil
		Women’s Sabre
	Master Categories	Women’s Epee	3pm – 6pm
		Men’s Foil
	Under-14 Categories	Men’s Epee	9am – 8pm
		Women’s Foil
		Men’s Sabre

*Please visit Hong Kong Fencing Association website (www.hkfa.org.hk) for details.

Synergy House Achieves Record Growth with RM69.2 Million Revenue, Profits after Tax Surge by 30.24% in 3Q FY2023

SHAH ALAM, Malaysia, Nov 23, 2023 – (ACN Newswire) – Synergy House Berhad (“Synergy House” or the “Group”), a cross-border e-commerce seller and furniture exporter of ready-to-assemble (“RTA”) home furniture, today announced outstanding financial results for the third quarter ended 30 September 2023 (“3Q FY2023”).

Executive Director of Synergy House, Mr. Tan Eu Tah

In a remarkable display of growth, the Group reported a robust revenue of RM69.2 million and profit after tax (“PAT”) of RM8.1 million for 3Q FY2023, indicating significant quarter-on-quarter improvements. This exceptional performance for the current quarter is largely attributed to Synergy House’s business-to-consumer (B2C) sector’s improved margins, along with the strong growth in its business-to-business (B2B) operations.

Executive Director of Synergy House, Mr. Teh Yee Luen

The Group’s diverse global reach was highlighted in its regional revenue contributions: the United States of America (“USA”) led with RM30.9 million, underscoring its position as the largest market and a testament to the Group’s impactful B2C strategy. The United Kingdom followed closely with RM27.6 million, while the United Arab Emirates contributed RM8.6 million.

For the 9-month period ending 30 September 2023, the Group reported a total revenue of RM179.4 million and a PAT of RM16.9 million, surpassing the PAT of RM16.6 million recorded in the previous 12-month financial year ended 31 December 2022.

The B2C segment was particularly significant, contributing RM77.1 million for the 9-month period ending 30 September 2023, surpassing the total B2C revenue of RM49.6 million recorded in the previous 12-month financial year financial year ended 31 December 2022. This underscores the success of Synergy House’s targeted focus on and investment in the B2C sector.

Executive Director of Synergy House, Mr. Tan Eu Tah said, “The current quarter’s extraordinary results are a clear indicator of the effectiveness of our strategies, particularly in the B2C segment. Notably, our geographical diversification of our B2C segment to UK started to provide positive outcome with an impressive quarter-on-quarter growth of approximately 95%, with revenue reaching RM2.1 million in the third quarter of FY2023, reinforcing our position as a key player in this significant market. Our focused approach in expanding our online presence and enhancing customer engagement has paid off, leading to remarkable growth in both our B2B and B2C segments. We are thrilled with the progress and are committed to continuing our journey towards becoming a dominant force in the global furniture e-commerce market.”

Executive Director of Synergy House, Mr. Teh Yee Luen said, “We are immensely proud of our team’s efforts in achieving these results. The growth in our B2C segment, especially, represents our commitment to meeting consumer demands and adapting to market trends. Our strategies to enhance online visibility and customer reach, coupled with our focus on design innovation, are essential components of our long-term growth plan. We are confident that these strategies will enable us to further strengthen our market position and achieve sustainable growth.”

Looking forward, Synergy House is poised for continued growth with plans to enhance its B2C segment through various strategic initiatives and expand its product range through continuous design and development efforts, and explore opportunities to reach new audiences by expanding to new e-commerce platforms and entering untapped markets in different countries.

Despite global economic challenges, the Group remains optimistic about its prospects in the global furniture e-commerce market, supported by its competitive pricing and established presence in key markets such as the USA, UK, and Canada.

As at 23 November 2023, the share price of Synergy House is RM0.57, representing a market capitalisation of RM285.0 million.