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

Shaping the Future of HoReCa: THAIFEX – HOREC Asia Soft Launch Unveils Next-generation Trends in Bangkok, Thailand

BANGKOK, Thailand, May 25, 2023 – (ACN Newswire) – The highly anticipated soft launch of THAIFEX – HORECA Asia took place today at THAIFEX – Anuga Asia, offering an exciting preview of what the official launch in March 2024 has in store. Thailand’s Department of International Trade Promotion (DITP), the Thai Chamber of Commerce (TCC), and Koelnmesse joined forces to deliver an immersive experience for VIP guests and members of the media, presenting an insightful glimpse into the upcoming debut in March 2024.

This soft launch at the THAIFEX – HOREC Xperiential Zone at IMPACT Hall 1 showcased a comprehensive range of innovative solutions spanning nine major segments, namely Bakery & Ice-cream, Café and Bar, Cleaning and Laundry, Dining, Furnishing, Kitchen, Services, Tech and Wellness, guaranteeing an unparalleled platform for industry professionals to delve into the latest trends, establish fruitful business partnerships, and gain valuable insights.

Esteemed partners such as Electrolux, Global Food Products, Unilever, and Scotsman, along with influential organisations like Centara, Dusit Thani, Le Cordon Bleu, Thai Chef Association, Thai Coffee Association, Thai Spa Association, and The Food School, were present, showcasing their leading role in driving scalable solutions across the hospitality, wellness, digital innovation, alternative protein manufacturing, and sustainable technology sectors. Their presence added prestige to the event and emphasised their instrumental role in advancing innovative solutions for the sustained growth of the HoReCa industry in Thailand and beyond.

Director-General, Department of International Trade Promotion (DITP), Khun Phusit Ratanakul Sereroengrit, said, “We are proud to introduce THAIFEX – HOREC Asia as a true game-changer in the hotel, restaurant, and catering sectors. With our extensive industry expertise and the remarkable success of THAIFEX – Anuga Asia, we are strategically positioned to seize the burgeoning opportunities in this market. As the projected value of the HoReCa industry soars to USD 2.38 trillion by 2028^[1], our groundbreaking trade show aims to leverage Asia’s post-pandemic tourism boom and reinforce Thailand’s position as a regional hub. Supported by government backing, infrastructure development, and a vibrant hospitality scene, we are set to make a significant impact.”

Chairman of The Thai Chamber of Commerce (TCC), Khun Sanan Angubolkul, said, “The closure of hotels and staff retrenchment has had a deep impact on the local economy. However, THAIFEX – HOREC Asia serves as a catalyst to stimulate the domestic economy and create valuable job opportunities, particularly for Thai businesses in service industries like spas and hotels. In the post-COVID world, Thai businesses need to embrace innovation and adapt their models to meet evolving consumer demands, safety regulations, and operational challenges. This trade show provides a platform for Thai businesses to export, import, increase seed funding for start-ups, network with critical partners, gain industry insights, explore investment opportunities, and showcase their excellence. It fosters a collaborative environment where Thai businesses can learn, thrive, and amplify their capabilities, products, and services, highlighting the rich cultural heritage and entrepreneurial spirit of Thailand.”

In addition to the nine key exhibiting segments that cover critical aspects of the industry, what sets THAIFEX – HOREC Asia apart and keeps the show ahead of the curve is the organisers ability to identify and unveil key trends to its stakeholders.

Koelnmesse, Managing Director and VP Asia-Pacific, Mathias Kuepper, said, “Our THAIFEX – HOREC Xperiential Zone curated today takes the visitor experience to the next level by allowing direct engagement with innovative trends. Guided by our experts, visitors can interact with cutting-edge solutions in six key trends that are shaping the industry. The long-term goals of THAIFEX – HOREC Asia are to drive continuous innovation, foster collaboration, and ensure sustainable growth within the HORECA industry. We envision establishing the trade show as a leading hub for Southeast Asia, shaping the future of the industry through transformative ideas, cross-border collaborations, and a commitment to sustainability. Together, we can propel the HORECA sector to new heights of success while setting a new standard for eco-friendly practices.”

Six key trends will also be addressed at THAIFEX – HOREC Asia.

Sustainability is a vital trend in the hotel industry, and we showcase innovative furniture designs and practices that promote a responsible and eco-conscious image. Celebrated Thai designers like Deesawat, Moonler and Sculpture are leading the way in creative innovation.
Contactless technology is transforming the guest experience, with smart technologies and automation solutions from companies like SCG providing convenience and positioning hotels as innovative and eco-friendly.
Digitalised guest experiences are enhanced through the integration of robot servers provided by I-Bechamp, improving efficiency and customer satisfaction. Virtual reality tours and guest apps further enhance connectivity and manage customer expectations.
Plant-based menus are on the rise, and we witness the emergence of startups developing animal-identical fats and alternative meat options that meet consumer demands for taste and texture. Data-driven approaches are also being employed to create the next generation of plant-based cheese.
Food waste is being creatively addressed by beverage makers through upcycling ingredients into sustainable zero-waste drinks. AI-driven solutions, such as End of Waste, help hotels manage and end waste, optimising inventory and supporting sustainable practices.
Energy efficiency is another important trend, and we showcase exhibitors like Cimbali, Hobart, and TNP Group, who prioritise sustainability in their cutting-edge solutions for commercial kitchens, hotels and cafes.

Alongside these trends, attendees can look forward to supporting programs such as:

Asian Barista Team Championship
Hosted Buyer Program
THAIFEX – HOREC Academy
THAIFEX – HOREC Innovation Awards
THAIFEX – HOREC Xperiential Zone

The THAIFEX – HOREC Asia, scheduled to take place from March 6 to 8, 2024, at IMPACT, Muang Thong Thani, Bangkok, Thailand, seeks to attract over 300 leading brands and 20,000 trade visitors from Southeast Asia and key cities across Asia Pacific.

For more information, please visit www.thaifex-horec.asia

Program and Registration:

To learn more about the full programmes, please sign up for our newsletter: https://thaifex-horec.asia/newsletter
For exhibitor registration, visit: https://thaifex-horec.asia/for-exhibitors/register-as-an-exhibitor/
The soft launch of THAIFEX – HOREC Asia is scheduled to take place during THAIFEX – Anuga Asia 2023, at Hall 1 of IMPACT, Muang Thong Thani, Bangkok, Thailand, from May 23rd to May 27th, 2023.

[1] https://www.marketresearchfuture.com/reports/horeca-market-10535

About the Department of International Trade Promotion, Ministry of Commerce, Thailand

The Department of International Trade Promotion is committed to providing excellent service to Thai entrepreneurs in international business, including trade facilities, cost reduction, value creation of goods and services, providing consultation for overseas market access and maintenance, as well as close cooperation with the private sector to promote Thailand as a major gateway of Asia. http://www.ditp.go.th/

About the Thai Chamber of Commerce

The Thai Chamber of Commerce represents the Thai private sector to facilitate business and trade as well as to serve as the central coordinating agency between the government and private sector, and also helps to promote trade, business and economic cooperation including, build relationships between Thai and partner countries at the bilateral and multilateral level as well as plays a proactive role in representing the interests of the local Thai business community. https://www.thaichamber.org/

About Koelnmesse – Global Competence in Food and FoodTec

Koelnmesse is an international leader in organising food fairs and events regarding food and beverage processing. Trade fairs such as the Anuga, ISM, and Anuga FoodTec are established world leaders. Koelnmesse not only organises food and food technology trade fairs in Cologne, Germany but also in further growth markets around the globe, for example, in Brazil, China, Colombia, India, Italy, Japan, Thailand, the United States and the United Arab Emirates, which have different focuses and contents. These global activities enable us to offer our customers a network of events, which grant access to different markets and thus create a basis for sustainable and stable international business. Further Information is available at: https://www.koelnmesse.com/current-dates/all-trade-fairs/

Media Contacts:

International
Wani Diwarkar
Mobile: +65 98320643
E-mail: wani@pinpointpr.sg

Organiser
Faith Lim
Tel: +65 9230 6126
E-mail: faith.lim@koelnmesse.com.sg

Thailand
Jitjam Adsawakeawmongkol
Mobile: +66(0)81-924-9271
E-mail: jitjama@arip.co.th

Organiser
Jeerabhas Rerkpiyasap
Tel. +66 2507 8341
jeerabhasr@ditp.go.th http://www.ditp.go.th

THAIFEX – Anuga Asia Unveils its Largest Edition Yet, Solidifying its Position as Southeast Asia’s Leading Food & Beverage Trade Show

Between 23-27 May, a record-setting of 3,000 food and beverage manufacturers to exhibit at Asia’s largest food trade unveiling the future of foods to 60,000 international trade visitors, pioneering new opportunities and trends.

BANGKOK, Thailand, May 24, 2023 – (ACN Newswire) – THAIFEX – Anuga Asia 2023, Asia’s largest and most important food trade fair officially launched today with a grand opening ceremony at Impact Muang Thong Thani in Bangkok, Thailand. Hosted by organizers the Department of International Trade Promotion (DITP), the Thai Chamber of Commerce (TCC) and Koelnmesse, the official opening event was attended by Deputy Prime Minister and Minister of Commerce, Mr. Jurin Laksanawisit, industry leaders, global exhibitors, international VIP guests and global media.

With an impressive lineup of exhibitors from more than 40 countries, THAIFEX – Anuga Asia 2023 solidifies its position as the leading platform for F&B professionals in Asia-Pacific. Spanning across 130,000 square meters of exhibition space, featuring 11 exhibition halls, this expansive event is expected to attract over 60,000 trade visitors, buyers, and decision-makers from 140 countries under one roof.

THAIFEX – Anuga Asia serves as a catalyst for international exhibitors, brands, and products to unlock new business prospects in Southeast Asia, facilitating valuable opportunities with buyers and fostering lucrative partnerships in the region.

The mammoth trade fair is expected to generate 70,000 million baht in revenue this May. It will feature 11 signature trade shows, 11 trends, and 6 special shows, all designed to shine a spotlight on emerging trends, innovative blueprints, bold ideas, and cutting-edge solutions that are shaping the F&B industry. Trade attendees can expect an immersive experience that unveils the latest advancements and offers insights into the future of the F&B sector.

Khun Phusit Ratanakul Sereroengrit, Director-General, the Department of International Trade Promotion (DITP), said, “THAIFEX – Anuga Asia is Southeast Asia’s flagship food and beverage trade fair and we are thrilled to be hosting its largest edition yet. Thailand is Southeast Asia’s second-largest economy, with a GDP of US$495 billion in 2022¹, and our food manufacturing and agriculture sectors are significant contributors to this. THAIFEX – Anuga Asia showcases Thailand’s rich culinary heritage, high-quality products, and offers a gateway for global players to access our vibrant market while we also tap into international trade opportunities. This year’s event, THAIFEX – Anuga Asia 2023, gathers more than 3,000 exhibitors, including Thai and international exhibitors. Through initiatives like THAIFEX – Anuga Asia, we are confident in forging stronger connections in shaping the future of food security on a global scale and propelling Thailand’s key position in the F&B industry to new heights.”

THAIFEX – Anuga Asia also serves as a crucial platform that shines a spotlight on Thailand’s domestic food and beverage brands and with the ever-changing landscape of the industry, it presents opportunities to discover further innovation.

Khun Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC), said, THAIFEX – Anuga Asia plays a vital role in supporting and promoting local Thai businesses, showcasing their remarkable innovations and diverse product lines to international buyers. This year, there are 1,100 Thai exhibitors to join us. The event serves as a platform to elevate the visibility of our homegrown talents and connect them with global opportunities. This synergy between local businesses and international buyers is a testament to the transformative power of THAIFEX – Anuga Asia in driving growth, fostering innovation, and strengthening Thailand’s position in the global marketplace.”

DITP, TCC and Koelnmesse have played a pivotal role in curating and successfully executing 19 editions of the renowned food and trade fair in Thailand, with each year showcasing a significant evolution.

Managing Director and VP Asia-Pacific of Koelnmesse, Mathias Kuepper, “We take great pride in celebrating the official opening of our largest edition of THAIFEX – Anuga Asia to date, representing a remarkable milestone in the history of our event. This show serves as a vital conduit, facilitating meaningful connections between international exhibitors, brands, and products with buyers from the dynamic Southeast Asian region. This platform fosters collaborations, opens doors to new opportunities, and drives success in this thriving market.”

“This year, we have exceeded expectations by securing an impressive lineup of 1,925 exhibitors hailing from 43 countries, more than double the number from last year. Among these exhibitors are renowned, award-winning brands spanning various industry verticals, alongside visionary game changers who are reshaping the food landscape. By showcasing consumer-led transformations, we are collectively pushing the boundaries of innovation in the food industry. Moreover, our steadfast commitment to technology and sustainability ensures that we are actively shaping a future of sustainable practices and food security,” Mr. Kuepper added.

Key THAIFEX – Anuga Asia 2023 highlights include:

THAIFEX – Anuga tasteInnovation Show Winners
Showcasing Asia’s Most Innovative Food Products and Solutions, tasteInnovation Show winners have been unveiled. This special show is dedicated to highlighting Asia’s newest and most innovative food products and solutions that are pushing the boundaries of creativity, personal health, sustainability, and taste profiles.

Handpicked from a multitude of entries, a total of 11 winners were identified from 50 impressive finalists. Some of these (but not limited to) include:

KAPP·POPP Thai Microwave pork crackle by Hesco Solution Co., Ltd.
Chickpea rice by Eatvolution Co., Ltd.
CP FI-IT Sausage by CPF (Thailand) Public Co., Ltd.

Complete list of winners can be accessed HERE.

World Coffee Tasting: Origin Coffee – Hall 1

Revenue in the Coffee segment amounts to US$142.00bn in 2023. The market is expected to grow annually by 5.52% (CAGR 2023-2025)². THAIFEX – Anuga Asia plays a significant role in the coffee and tea industry in Asia, providing a global platform for industry players to showcase their products and connect with potential buyers and partners. In Hall 1, the rich culture and distinct flavours from Brazil, Guatemala, Kenya and Thailand will be on showcase.

Future Food Experience+ – Hall 5

Unleashing the Potential of Next-Gen Food and Beverage Innovation. You will have a front-row seat to capture and share the insights, trends, and breakthroughs that will shape the future of our food. Highlights include:

Tuesday, 23 May
11.00am – 11.30am
- Supporting Mental Health through Food and Drink
- Speaker: Miss Rashmika Khanijou Research Analyst, Food&Drink, Thailand, Mintel
12.30pm – 3.15pm
- Future Food is Here
- Speaker: Mr. Santi Abakaz, CEO/Co-Founder TASTEBUD LAB
2.30pm – 3.15pm
- Where is the Future of Future Food
- Speakers: Tony Hunter, A Global Food Futurist Speaker,
- Mr. Apirak Kosayodhin, Chairman & CEO of V Foods (Thailand)
- Mr. Gerben Kamps, Global Business Development for Alternative Protein Business Unit, Thai Union
- Dr. Akamol Klaikherd AVP, Group TSTD
3.30pm – 4.30pm
- Opening and Welcoming to Future Food Experience and Delegation Tour led by Khun Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC)

Access complete speaker line-up from 23-27 HERE.

THAIFEX – HOREC Xperiential Zone – Hall 1

- Visitors will step into the world of curated HoReCa companies as they unite to address the pressing challenges faced by today’s hospitality businesses. At THAIFEX – HOREC Xperiential Zone, visitors and HoReCa business owners will have the opportunity to witness and interact with an array of products, gaining valuable insights into how innovative solutions can be seamlessly integrated into their own operations. Immersive technological-led experience guided by a dedicated team will showcase exceptional quality and transformative solutions that give businesses a competitive edge.
Explore the 9 Dynamic Segments
- Bakery & Ice-Cream
- Cafe&Bar
- Cleaning & Laundry
- Dining
- Furnishing
- Kitchen
- Services
- Tech
- Wellness

And 6 Emerging Trends:
- Sustainability
- Contactless
- Digitalized Guest Experience
- Plant Based Menu
- Food Waste
- Energy Efficiency

In addition to new programs, THAIFEX – Anuga Asia 2023 will see the return of popular shows, including:

THAIFEX – Anuga Future Food Market presents new and emerging food and beverage breakthroughs in segments such as alternative or sustainable products, new nutrition, and tech-enhanced processes. Visitors can sample the products on display, experience the products that supermarket of the future may hold, and connect with industry professionals and food enthusiasts to discover and learn about the latest developments in the food industry.

Thailand Ultimate Chef Challenge (TUCC)

Dates: May 23-27, 2023
Venue: Hall 12, Muang Thong Thani, Bangkok
9th edition of TUCC, Asia’s esteemed culinary contest
Over 700 professional and aspiring chefs competing
19 categories, including new plant-based theme
Judged by a panel of 20+ experts approved by World Associations of Chefs’ Socieities (WACS)
Winners will be recognised in the following categories:
- Best Ultimate Establishment
- Best Ultimate Asian Gourmet Challenge
- Best Ultimate Asian Chef
- Best Ultimate Professional Chef
There will be a spotlight on appetizing plant-based and Asian food

THAIFEX – Anuga Asia 2023 is organised by the Department of International Trade Promotion (DITP), Thai Chamber of Commerce (TCC) and Koelnmesse. For more information, please visit https://thaifex-anuga.com

11 Signature Trade Shows:

6 Special Shows:

3 Supporting Programmes:

Program and Registration:

To learn more about the full programmes, visit https://thaifex-anuga.com/
For exhibitor registration, visit: https://thaifex-anuga.com/for-exhibitors/interest-to-participate/
For visitor registration, visit https://pre.eventthai.com/thaifex-anuga

(1) Office of the National Economic and Social Development Council, Thailand (17 February 2023)
(2) https://www.statista.com/outlook/cmo/hot-drinks/coffee/asia

Notes to Editors:

Media accreditation: Media may register for THAIFEX – Anuga Asia at our virtual newsroom to apply for accreditation
Download high-resolution past event images here
Access Full Program Agenda here
There will be no live streaming of any of the sessions this year, although selected videos will be uploaded for On-Demand Access after the event
Interview requests with speakers, exhibitors, or sponsors, should be directed to thaifex-anuga@pinpointpr.sg

About the Department of International Trade Promotion, Ministry of Commerce, Thailand

The Department of International Trade Promotion is committed to providing excellent service to Thai entrepreneurs in international business, including trade facility, cost reduction, value creation of goods and services, providing consultation for overseas market access and maintenance, as well as close cooperation with the private sector to promote Thailand as a major gateway of Asia. http://www.ditp.go.th/

About the Thai Chamber of Commerce

The Thai Chamber of Commerce represents as the Thai private sector to facilitate business and trade as well as to serve as the central coordinating agency between the government and private sector, and also helps to promote trade, business and economic cooperation including, build relationships between Thai and partner countries at the bilateral and multilateral level as well as plays a proactive role in representing the interests of the local Thai business community. https://www.thaichamber.org/

About Koelnmesse – Global Competence in Food and FoodTec

Koelnmesse is an international leader in organising food fairs and events regarding food and beverage processing. Trade fairs such as the Anuga, ISM and Anuga FoodTec are established world leaders. Koelnmesse not only organises food and food technology trade fairs in Cologne, Germany, but also in further growth markets around the globe, for example, in Brazil, China, Colombia, India, Italy, Japan, Thailand, the United States and the United Arab Emirates, which have different focuses and contents. These global activities enable us to offer our customers a network of events, which in turn grant access to different markets and thus create a basis for sustainable and stable international business. Further Information is available at: https://www.koelnmesse.com/current-dates/all-trade-fairs/

Media Contacts:

International

Wani Diwarkar
Mobile: +65 98320643
E-mail:wani@pinpointpr.sg

Organiser

Faith Lim
Tel: +65 9230 6126
E-mail: faith.lim@koelnmesse.com.sg

Thailand

Jitjam Adsawakeawmongkol
Mobile: +66(0)81-924-9271
E-mail: jitjama@arip.co.th

Organiser

Jeerabhas Rerkpiyasap
Tel. +66 2507 8341
jeerabhasr@ditp.go.th
www.ditp.go.th

FreeYond Joins Forces with The Badminton Association of Malaysia to Empower Local Sports Scene and Propel Athletes to New Heights

KUALA LUMPUR, May 24, 2023 – (ACN Newswire) – Fast Technology Sdn Bhd, the exclusive distributor of FreeYond in Malaysia and a wholly owned subsidiary of ACE-Market listed Fast Energy Holdings Bhd, signed a one-year sponsorship agreement with the Badminton Association of Malaysia (BAM) today to empower and enhance the growth of badminton in Malaysia.

FreeYond x BAM-Group Picture with Players

This partnership demonstrates a commitment from FreeYond to support the national badminton scene and athletes in Malaysia by providing financial assistance and resources. These will contribute to the national players' preparations to qualify for the Paris Olympics next year and new development initiatives. Additionally, by partnering with the BAM, FreeYond is committed to fostering sports talent and promoting a healthy lifestyle in the country.

The sponsorship agreement was signed by President of the BAM and Olympic Council Malaysia, as well as the Honorary President of Badminton Asia, YBhg. Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria, and Executive Director of Fast Energy Holdings Berhad, Mr. Vincent Tan Wye Chuan.

"On behalf of FreeYond, we are very delighted and are supportive of the decision made by Fast Technology in sponsoring the BAM and its athletes," commented Datuk Eddie Chai Woon Chet, Director of FreeYond. "I am glad to be able to witness yet another milestone achieved by FreeYond, after our official entry into Malaysia in March 2023, where we launched our smartphones and wearables," he added.

"I am pleased to finally formalise this mutually beneficial partnership today and officially welcome FreeYond as the BAM's latest sponsor. The support from our sponsors is crucial to continued growth and the development of the sport," said President of BAM, Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria.

Fast Energy Executive Director, Mr. Tan Wye Chuan said, "FreeYond signifies freedom and vitality, embodying the boundless energy of the youth. Our goal is to provide consumers with a passionate and liberating experience through our range of smart products. Our brand's spirit embodies the pursuit of excellence, teamwork, and innovation, which aligns well with the values of the BAM."

"Malaysia is a powerhouse in the world of badminton, with players under the umbrella of the BAM having achieved many victories and gaining fame as well as glory for the country. FreeYond wants to play its part in supporting the BAM and its players as they strive for more podium victories and inspire the youth of the country."

Tan elaborated, "Today's signing with the BAM signifies FreeYond's inaugural step to actively support young athletes. We hope that through this collaboration, we can contribute to the vibrant development of sports in Malaysia and unite our fans and consumers towards supporting our nation's athletes."

FreeYond's products are known for their affordable prices and outstanding quality. They are design to cater to various categories of consumers, including sports enthusiasts and professionals. Besides the M5 and F9 smartphone models that have been introduced to the market, FreeYond has also launched their F1 smartwatch and the true wireless stereo earphones (TWS) Pods 1.

Smartphones
Both M5 and F9 smartphones feature high definition (HD) and In-Plane Switching (IPS) display screen and are equipped with a 5000mAh battery. The FreeYond F9 is equipped with a real dual camera while the FreeYond M5 features an AI Triple Camera setup that includes a 50MP main camera, an 8MP ultra-wide-angle camera, and a 2MP macro camera. These devices boast a range of features and capabilities, crafted to meet the needs of today's tech-savvy consumers.

Smartwatch
FreeYond's smartwatch – Watch F1 is equipped with essential features of modern smartwatches, including overall health management functions such as heart rate monitoring, blood oxygen level tracking, and sleep quality tracking. It also offers additional features such as a flashlight, hydration reminders, as well as over 100 sports modes and mini-games. In terms of design and battery life, Watch F1 has a 1.8-inch square screen with IP67 certification, offering a battery life of 5 days on mild usage with a standby time of up to 60 days.

True Wireless Stereo (TWS) headset
FreeYond's TWS Pods 1, which serves as a stylish accessory for many young people, adopts the latest generation of Bluetooth 5.3 technology. With a 12mm large dynamic driver for enhanced bass and a high-sensitivity composite diaphragm, the TWS Pods 1 delivers rich bass and clear audio. A single charge of the Pods 1 provides up to 6 hours of playback time, with a total playback time of 30 hours when combined with the charging case.

About Badminton Association of Malaysia

The Badminton Association of Malaysia or BAM is the governing body of badminton in Malaysia. The association was founded in 1964. Nevertheless, the history of Malaysian badminton begins much earlier. In as early as 1934, badminton associations were already founded in the provinces of Perak, Penang, Selangor, Johore and Singapore. For more information, visit https://bam.org.my.

About Fast Technology Sdn. Bhd.

Fast Technology Sdn. Bhd., a wholly owned subsidiary of Fast Energy Holdings Berhad, is honoured to be awarded the exclusive distributorship of FreeYond in Malaysia by Great Work Corporation Limited. Fast Energy Holdings Berhad is a Malaysian-based investment holding listed company that is operating in manufacturing and is moving into the future of alternative energy. The company is expanding into the world of consumer electronics with FreeYond, paving the way towards more sustainable revenue streams.

About FreeYond

FreeYond is a consumer electronics brand founded in Shenzhen, the Silicon Valley and capital of mobile phones in China. FreeYond, starting with smartphones, seeks to redefine consumer electronics through Technology 4.0, such as AI, Brain Computer Interface, EMG technology and cloud computing, for global consumers to enjoy a life of convenience provided by high-tech electronics. FreeYond has already made significant strides in Latin America and Africa. On 21 March 2023, Malaysia was the first country in the Southeast Asian (SEA) region to debut FreeYond products. Beyond Malaysia, the tech brand has its sights set on expanding and gradually developing its market in the SEA region.

To learn more about the latest news regarding FreeYond, please visit the following official platforms:
– Official Site: https://freeyond.com.my/
– Shopee: https://shopee.com.my/freeyondmalaysia
– Lazada: https://www.lazada.com.my/shop/freeyond
– IG: @freeyondmalaysia
– FB: FreeYond Malaysia
– Tik Tok: @freeyondmalaysia

Image: FreeYond x BAM-Group Picture with Players
K Letshanaa, National Badminton Player; Teoh Mei Xing, National Badminton Player; Hoo Pang Ron, National Badminton Player; YBhg. Dato' Sri Khairudin Samad, Vice president of BAM; Mr. Vincent Tan, Executive Director of Fast Energy Holdings Berhad; YBhg.Datuk Eddie Chai, Director of FreeYond (Global); YBhg. Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria, President of Badminton Association of Malaysia & presidentPof Olympic Council of Malaysia, and Honorary President of Badminton Asia; YBhg. Dato' Kenny Goh Chee Keong, BAM General Secretary & Secretary General of Badminton Asia; YBhg. Datuk V Subramaniam, Deputy President 1 of BAM; Faiq Masawi, National Badminton Player; Lok Hong Quan, National Badminton Player [L-R]
( https://photos.acnnewswire.com/tr:n-650/20230524.FreeYond.jpg )

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

Retail and E-Commerce Summit Asia to Unveil Powerful Strategies for Digital Growth

MANILA, May 24, 2023 – (ACN Newswire) – Rockbird media proudly announce a new flagship of Retail & E-commerce Summit Asia that industry professionals should not be missed.

The highly anticipated Retail and E-Commerce Summit Asia is set to be a Festival of Brands on July 12-13 at Hilton Manila, bringing together industry leaders, visionaries, and experts from across the region. With the theme "Scaling Digital Strategies Towards Growth," this two-day event promises to provide invaluable insights and groundbreaking ideas to unlock the full potential of retail and e-commerce in today's fast-paced digital landscape.

The Retail and E-Commerce Summit Asia will gather influential executives, decision-makers, and entrepreneurs who are shaping the future of the retail and e-commerce sectors. Attendees will have the unique opportunity to connect with like-minded professionals, exchange knowledge, and gain actionable strategies to drive growth, adapt to evolving consumer behavior, and optimize their digital presence.

The summit will feature a carefully curated lineup of speakers covering various relevant topics crucial to business success in the digital realm. Through the event's extraordinary format and theme, topics from leveraging marketing analytics to mastering customer experience, mobile marketing and smart warehouses, and even customer experiences will be spread throughout a series of breakout sessions, keynote presentations, and panel discussions. Attendees can expect to gain valuable insights all throughout the 2-day event.

As part of the summit experience, C-level attendees, Directors, and top personalities in the retail and e-commerce landscape will have ample networking opportunities to foster meaningful connections and explore potential collaborations. More to it is an opportunity to witness cutting-edge technologies, innovative solutions, and services from leading companies, providing participants with hands-on experiences and a glimpse into the future of retail and e-commerce.

For more information about the RESA Fiesta, including registration details, agenda, speaker updates, and pricing please visit: https://resa.rockbirdmedia.com/ph/

About rockbird media

Rockbird media is an international business media company that produces B2B events and offers business solutions.

Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow. For more information, visit https://rockbirdmedia.com.

Media contact:
Imee Rose Mariano
im.mariano@rockbirdmedia.com

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

Revolutionizing HR through Technology: Explore the HR Tech Strategy Meeting Philippines 2023

MANILA, May 24, 2023 – (ACN Newswire) – In today's business landscape, organizations widely recognize the crucial role of technology in HR, enabling data-driven decision-making, enhancing employee experiences, and fostering strategic HR management.

In line with this, rockbird media's HR Leaders' theme of events proudly presents the highly anticipated "HR Tech Strategy Meeting Philippines 2023: Digital HR for a Transformed Workforce." This exclusive event will take place on June 28, 2023, at Hilton Manila, Philippines.

Bringing together C-level executives, directors, and top HR leaders from the country, this gathering aims to explore advanced HR techniques for building a future-ready workforce. Attendees will have a valuable opportunity to network and establish connections with leading industry experts and well-renowned HR professionals from diverse sectors.

The event will showcase a thoughtfully curated lineup of speakers who will delve into a wide range of HR Tech topics including HR automation, streamlining recruitment and onboarding processes, employer branding, collaboration tools, digital well-being, and more. These topics will be explored in detail through interactive breakout sessions, insightful keynote presentations, and dynamic panel discussions.

The HR Tech Strategy Meeting Philippines 2023 promises to be a pivotal event for HR leaders seeking to stay at the forefront of industry advancements. It will foster an environment conducive to knowledge-sharing, idea exchange, and collaboration, equipping participants with the necessary tools and insights to navigate the rapidly evolving HR landscape.

To learn more about the event and secure your registration, please visit https://hrleaders.rockbirdmedia.com/

About rockbird media

Rockbird media is an international business media company that produces B2B events and offers business solutions.

Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow. For more information, visit https://rockbirdmedia.com.

Media contact:
Imee Rose Mariano
im.mariano@rockbirdmedia.com

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

OCTO, new FinOps solution from Alphaus, to help businesses maximize ROI on their cloud usage

KUALA LUMPUR, May 24, 2023 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/en/), the market leader in cloud financial management (CFM) solutions in Japan with a growing regional presence in Southeast Asia, is extending its suite of SaaS solutions to cater to SMEs and large enterprises running on cloud infrastructure.

Having successfully delivered huge cost savings to companies in Japan and Southeast Asia through its proven solutions for managed service providers (MSP), the company is now globally introducing OCTO, a SaaS-based FinOps platform for any business that uses cloud infrastructure for its operations. Beyond cost savings, OCTO enables finance, FinOps and DevOps teams to work together effectively to achieve the best outcomes for the business. Moreover, OCTO integrates effectively with a multitude of third-party solutions, acting as the connecting hub that brings them all together. This seamless integration enhances user experience, solidifying OCTO as an essential tool for end-users.

Companies interested in minimizing wasted cloud spend, saving costs and maximizing their ROI are now invited to sign up for the waitlist to experience the many benefits of OCTO.

OCTO enables cost aggregation by account, service, or tags with centralized account management for AWS, Azure, and Google Cloud Platform (GCP). Smart visualization through project-specific dashboards provides a clear view and understanding of all cloud costs. With advanced tag management, OCTO then intelligently distributes project costs and allocates credits and savings through its optimization capabilities. It helps businesses with a comprehensive cost optimization cycle covering numerous daily operations and enabling auto-pilot cost optimization, together with detailed metrics for gauging success of plans and actions.

"Due to the growing complexity of cloud technologies, most businesses find it a significant challenge to track cloud usage and associated costs across the organization. This lack of clear visibility and understanding of cloud costs negates the potential benefits and savings for companies by using the cloud," said Hajime Hirose, CEO of Alphaus. "We aim to solve this problem at scale with a versatile, comprehensive, and user-centric solution like OCTO, and help any business- whether it is a SME or a large-enterprise- to fully realize the benefits of using the cloud. Beyond understanding cloud spend, we want to empower businesses to seamlessly manage and optimize that spend with appropriate allocation, generate savings, and make a tangible impact on their bottom line."

Don't miss out on the opportunity to save on cloud costs and maximize your ROI. Sign up for the waitlist today and be among the first to experience the many benefits of OCTO. Visit: https://lp.alphaus.cloud/

About Alphaus Inc.

Alphaus (https://alphaus.cloud/en/), a VC-backed tech start-up on a mission to simplify cloud computing for everyone, specializes in Cloud Financial Management (CFM) solutions. The company enables cloud services partners and other businesses to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. Alphaus provides a suite of Software-as-a-Service (SaaS) solutions for multi-cloud management supporting AWS, Microsoft Azure, and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures, and 500 Global. The company's roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre and Regional Headquarter in Kuala Lumpur Malaysia to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact:
Hajime Hirose, CEO
Tel: +81.70.3173.7354
E-mail: Hajime.hirose@alphaus.cloud

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

SNS to Collaborate on Penang’s Digital Library Programme

PENANG, Malaysia, May 23, 2023 – (ACN Newswire) – SNS Network (M) Sdn Bhd, a subsidiary of SNS Network Technology Berhad (Bursa: SNS, 0259), a leading provider of ICT systems and solutions, is pleased to announce a collaboration with Persatuan Kebajikan 88 Kapten Pulau Pinang (88 Captains) under the "5G Digital Library Programme" to equip schools in Penang with wireless 5G broadband connectivity.

Ko Yun Hung, Managing Director of SNS

YB Dato' Seri Dr. Ooi Eng Hock, Chairman of Penang 88 Captains

Yang Amat Berhormat Tuan Chow Kon Yeow, Penang Chief Minister; Irene Cheong Lai Keng,
Branch Manager of SNS; Yang Berhormat Prof. Dr. P.Ramasamy a/l Palanisamy,
Penang Deputy Chief Minister II [L-R]

As part of the collaboration, SNS will sponsor 264 units of JOI Classmate 10 totaling RM342,936 to 88 select schools in Penang as part of a pilot project enabling students to have better access to their school's Digital Library anytime and anywhere through provided high-speed, uninterrupted 5G broadband. Each of these school will receive a Content Access Server that can keep thousands of e-books, a modem with 5G broadband, and three units of laptops.

88 Captains is also aiming to expand the programme to all schools in the state and SNS is prepared to fully support its efforts in developing a thriving talent ecosystem in Penang. SNS believes that broadband speed is vital in today's education system while a Digital Library is important as a platform to house all the digital content for students and encourage collaboration among teachers through the Intel-based Content Access Server.

Managing Director of SNS, Ko Yun Hung said, "As a technology provider, our JOI(R) devices add value to education across the spectrum that makes the education journey more engaging, dynamic, richer, and fulfilling. We are always committed in driving positive changes in education transformation and we believe this initiative will be an effective educational foundation that will revolutionize the digital learning environment."

Chairman of Penang 88 Captains, YB Dato' Seri Dr. Ooi Eng Hock said, "Collaborations like these are the next logical step and comes on the heels of our previous cooperation with local universities to secure funding for deserving students in the state. The current 5G programme is a synthesis of the collective efforts of the respective bodies in bringing education in the state to the forefront of Industry 4.0. We are honoured to coordinate these efforts to fast-track 5G broadband connectivity in Penang's schools, and we appreciate top technology leaders such as Intel and YTL, collaborating with Penang Science Cluster, to create new and improved learning opportunities to accelerate digital transformation in education."

For more information on SNS Network and its offerings, please visit: https://www.sns.com.my/

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

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

Leon Fuat Shareholders Approve Dividend for FY2022

SHAH ALAM, Malaysia, May 23, 2023 – (ACN Newswire) – Leon Fuat Berhad, a manufacturer and trader of steel products specialising in rolled long and flat steel, would like to announce that shareholders have approved all resolutions at the Group's 16th AGM today.

Calvin Ooi Shang How, Executive Director of Leon Fuat

Shareholders approved a resolution to pay out a final single tier dividend of 1.5 sen per share for the financial year ended 31 December 2022 ("FY2022").

Resolutions to re-elect Mr. Ooi Seng Khong, Mr. Ooi Kong Tiong and Mr. Ng Kok Teong as directors were also approved as were resolutions to retain Mr. Chan Kee Loin, Mr. Tan Did Heng and Mr. Tan Sack Sen as independent directors.

Baker Tilly Monteiro Heng PLT was also re-appointed as the Group's auditors for FY2023, with shareholders also authorising the directors to fix its remuneration.

Calvin Ooi Shang How, Executive Director of Leon Fuat said, "We had a smooth physical AGM and would like to thank all who made this shareholders' meeting a success. The Group is cautiously optimistic of the outlook for FY2023 and will continue to seek opportunities to diversify products and services as well as the customer base to ensure earnings sustainability. We also will continue to monitor steel prices as well as related foreign currencies and take proactive measures such as through negotiating forward contracts and prudent inventory management to mitigate the risks to the business."

"We would like to thank our shareholders who attended our physical AGM which allows us to have an effective engagement and who have been with us through thick and thin. The Group appreciates their trust and confidence and will continue to work to create value despite the challenging macroeconomic outlook. We view positively the recent announcement of Malaysia's better-than-expected 5.6% year-on-year economic growth as this is a good indicator of the country's economic strength that we would want to leverage on."

Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

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

AVIA and CAP Strongly Support the Passage of Legislation to Amend the IP Code of The Philippines to Allow for Pirate Sites to be Blocked in The Philippines

MANILA, May 23, 2023 – (ACN Newswire) – The Asia Video Industry Association (AVIA) and the Coalition Against Piracy (CAP) warmly congratulate Albay Representative Joey S. Salceda for the passage of his legislation (House Bill 7600) through the House of Representatives to amend the Intellectual Property Code of the Philippines to allow for pirate sites to be blocked in the Philippines. To become law in the Philippines a bill needs to be passed by both the House and the Senate and the successful passage of HB7600 through the House is a major step towards the enactment of site blocking legislation in the Philippines.

AVIA and CAP believe Congressman Salceda's Bill will go a long way to addressing the rampant online piracy in the Philippines that is damaging the growth of the Philippines economy as well as providing real harm to consumers. AVIA and CAP have been working with the Philippines Government and the Philippines content industry for some time to champion the passage of site blocking legislation to address this concern, including a number of meetings and workshops such as an anti-piracy seminar hosted by AVIA, CAP and the Globe Group in Manila in September 2022 where Congressman Salceda was the keynote speaker.

2023 figures from a study conducted by YouGov and commissioned by AVIA and CAP showed that almost 60% of Philippine consumers watch pirated content – an alarming number that has a direct impact on the Philippine creative industry and consumer safety.

However, the study also showed growing consumer awareness of the damage caused by piracy, with 90% of consumers believing that piracy has negative consequences for the Philippines. The study also showed a path ahead with 45% of Philippine consumers believing a government or court order for ISPs to block pirate websites would be the most effective measure to reduce piracy in the Philippines. Congressman Salceda's Bill has been strongly supported by local industry with numerous representatives, including GMA Network, Inc., the Globe Group and KROMA Entertainment attending the Second Reading of the HB7600 in person.

Matt Cheetham, General Manager of CAP, noted, "The evidence continues to show that site blocking, when implemented in an efficient and effective way, and ensuring the necessary elements of due process, is an incredibly powerful tool to both stop online piracy and protect consumers from the unseen harm caused by piracy, and we applaud Congressman Salceda for his determination to address the issue." Cheetham also noted that earlier this month, Senator Estrada introduced matching legislation in the Senate (Senate Bill 2150) for Congressman Salceda's Bill. "With the successful passage of Congressman Salceda's Bill in the House, we look forward to the successful passage of matching legislation in the Senate that will allow the Philippines to grow its economy and protect its consumers from online harm," he added.

"The Globe Group congratulates Albay 2nd District Rep. Joey Salceda for steering House Bill No. 7600 towards its triumphant passage at the House. This is a landmark achievement for the creative industry, with the bill a step closer to becoming a law. We are inching closer towards ensuring more stringent protection for our content creators and their livelihood," said Globe Group Chief Sustainability and Corporate Communications Officer Yoly Crisanto.

"Piracy not only jeopardizes the livelihood of content creators and other works in the creative industry but also worsens consumer exposure to malware risks. Revisions to the IP code are essential for bolstering a digital landscape that is secure and equitable," she said.

"GMA Network fully supports this extremely important legislation which would benefit and protect not just the creative industry but the viewing public as well. Website blocking for copyright infringement has been proven as an effective tool to fight digital piracy and support legal content creators and services, whether it's TV, film, books, video games, or music. It is about time that the Philippines enact a site blocking law that would help curtail the losses of an already struggling industry," said GMA Network, Inc.'s Asst Vice President for Litigation and Special Projects, Legal Affairs Atty Jose Vener Ibarra.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org

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