UAE’s Swan Achieved 40% Boost In Email Campaign View Rates With CleverTap

Mountain View, Calif, Mumbai, India, & UAE, Mar 12, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform today announced that Swan, one of UAE’s most trusted groceries and home services app, achieved a 40% boost in view rates of email campaigns after leveraging CleverTap’s tools.

Swan is an app-based e-commerce platform that strives to create a personalized shopping experience for each customer. Established in 2019 in the UAE, Swan has grown from a small e-commerce app to one of the biggest and most trusted e-commerce applications for groceries and home services in the UAE.

Recognizing the value in users who already have the app installed, Swan sought to ensure they keep returning to make transactions. To achieve successful engagement with this base, the key focus areas were: building precise target segments, crafting effective incentives and messages, and pinpointing the optimal timing and channels to maximize engagement. Robust measurement at each stage was critical to determine the effectiveness of messages, channels, and timing, individually.

Swan found the ideal solution for enhancing customer engagement through CleverTap’s comprehensive and integrated approach. Leveraging CleverTap’s smart segmentation capability, Swan organized users into groups based on their transaction activity. They conducted extensive A/B testing for creatives and content that were regularly used as part of their messaging strategy. By employing multiple channels based on specific contexts, they found that emails and push notifications were most effective in reactivating dormant users. Personalized experiences were crafted for each user through message customization. Swan relied extensively on the Analytics feature to assess the impact of their campaigns.

Deploying CleverTap helped Swan achieve the following:

40% boost in view rates of email campaigns thanks to systematic experimentation on content and creative
Swan saw a 3% activation rate of targeted dormant users
Reactivation campaigns drove a 15% share of incremental orders

Solomon George, Managing Director, Swan, said, “CleverTap’s combination of analytics and orchestration has been integral to Swan’s growth and customer engagement journey. With CleverTap’s user-personalization prowess, we were able to drive 15% of incremental orders from reactivation campaigns alone. This level of growth across multiple cohorts and periods solidifies Swan as a reliable and trusted shopping companion.”

Sidharth Pisharoti, Chief Revenue Officer, CleverTap, said, “Reactivating dormant users is essential for modern businesses, especially with the exorbitant customer acquisition costs of today. It opens up a new realm of untapped potential for any app-first business. Partnering with an industry frontrunner like Swan, we witnessed this notion play out in full swing. Swan saw a 40% boost in view rates of email campaigns after deploying our all-in-one platform. It’s a testament to our platform’s prowess in driving unmatched customer engagement. We’re excited to bring more such significant wins for Swan in the future.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap
https://clevertap.com/live-product-demo/

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

IPSHITA BALU
Consultant
Archetype
+91 9590111798
ipshita.balu@archetype.co

The PropertyGuru Asia Awards Malaysia in partnership with iProperty launch 11th edition with exciting new honours for ESG

KUALA LUMPUR, Mar 6, 2024 – (ACN Newswire) – Organisers of the PropertyGuru Asia Awards Malaysia in partnership with iProperty today unveiled new dates and details for the programme’s 2024 edition during an exclusive gathering attended by business leaders.

Malaysia’s finest development companies and real estate projects are set be honoured at the celebration of the 11th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty on Friday, 25 October 2024. Around 400 executives and senior professionals are expected to be in attendance at the highly anticipated awards presentation and gala dinner in Kuala Lumpur.

Entries are now accepted via awards.propertyguru.com until 31 May 2024. With a professionally run and supervised judging system, an independent panel of experts will provide their fair, credible perspectives on entrants during the Live Judging Days, set for July 2024.

Consumers in Malaysia will also get the opportunity to voice their preferences through the People’s Choice Awards. For a limited period in July, property seekers will be able to vote for their favourite developers to win the Awards, showcasing the pulse of the Malaysian consumers.

(left to right: Jules Kay, Angela Ong – Head of Sales & Marketing from Malton Berhad, Datuk Zaini Yusoff – Chief Operating Officer from SP Setia Berhad, Kenny Wong (Chief Marketing Officer) from UEM Sunrise, Sheldon Fernandez)

(left to right: Tong Chee Leng (PropertyGuru), Grace Tan (PropertyGuru), Ashraf Othman- Group Director from JL Projects Sdn Bhd)

Entries are now accepted via awards.propertyguru.com until 31 May 2024

Key dates for the 2024 edition:
31 May 2024 – Entries close
1-14 July 2024 – People’s Choice Awards voting period
15-17 July 2024 – Live Judging Days
25 October 2024 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Championing ESG

This year’s Awards hold special significance as they introduce five new categories recognising achievements in ESG: Low Carbon Champion, Energy Efficient Champion, Sustainable Design Champion, Sustainable Construction Champion, and Social Impact Champion.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are delighted to distinguish the finest real estate in Malaysia across a broad spectrum of categories this year. Supported by the leading property portals in Malaysia, PropertyGuru.com.my and iProperty.com.my, the Awards have expanded in 2024 to include new categories, honouring the property developers that are championing environmental, social, and corporate governance (ESG) throughout the country. These accolades acknowledge the sustainability endeavours and positive impact of premier developers, in line with Malaysia’s push towards attaining the 2030 Sustainable Development Goals. Our Awards not only set the Gold Standard of real estate but also elevate the industry’s commitment to environmental, social, and corporate responsibility, leading to a better future for stakeholders in the property sector.”

The inclusion of the new categories coincides with GreenRE and Malaysia Green Building Council’s (MGBC) appointment as the Official ESG Knowledge Partners of the 2024 Awards. As Malaysia’s leading green building certification bodies, GreenRE and MGBC are instrumental in the development of the judging framework and criteria for the Awards’ ESG categories.

A staunch advocate for a sustainable built environment, GreenRE’s Executive Director Ir. Ashwin Thurairajah joins the 18-member, professional judging panel of the Awards for the first time this year, along with returning judge, MGBC President Ar. Dr. Serina Hijjas.

Datuk Ar. Ezumi Harzani Ismail, chairperson of the independent panel of judges of the Awards and president of the Malaysian Institute of Architects: 2020-2022, said: “It is important for developers to set a high standard in real estate to push the boundaries of conventional design and introduce innovations that set them apart. Participating in the Awards motivates architects and developers to explore novel materials, cutting-edge technologies, and new construction methods that inspire new architecture with a fresh perspective on the possibilities of the built environment. A great development shapes and influences the world we live in, leaving a lasting legacy for years to come, and brings the developer ahead of others.”

HLB, the global network of independent professional accounting firms and business advisers, is entrusted with overseeing the entire judging process and ensuring that it is conducted with integrity and transparency.

Representation for Malaysia

Top winners of the Awards in Malaysia will qualify to compete for regional accolades at the 19th PropertyGuru Asia Property Awards Grand Final 2024 in Bangkok, Thailand on 13 December. Malaysia’s best developers, developments, and designs will contend for the Best in Asia honours with their counterparts from Australia, Cambodia, Mainland China, Hong Kong, Macau, Greater Niseko (Japan), India, Indonesia, Philippines, Singapore, Thailand, and Vietnam.

Malaysia was represented with four regional wins at the Grand Final in 2023, led by Perbadanan Kemajuan Negeri Selangor (PKNS), winner of the Best Affordable Homes Developer (Asia) award. Projects by Eastern & Oriental Berhad, Eupe Corporation Berhad, and Sime Darby Property also garnered Best in Asia titles.

As the property market gradually rebounds and environmental awareness spreads among prospective buyers and investors, developments that meet the standards of energy efficiency, functionality, and sustainability are set to spearhead the future Malaysian market.

Informed decisions, economic optimism

According to the PropertyGuru Malaysia Consumer Sentiment Study H1 2024, 77% of property seekers believe that climate change is influencing their purchase decisions while 30% are willing to pay more for a green home.

Despite uncertain expectations for the property market this year, service sectors are expected to continue spearheading economic expansion, according to PropertyGuru’s Malaysia Property Market Outlook 2024. Areas with a robust presence of service sectors are likely to remain appealing to home seekers while infrastructural developments, such as those in Johor and Penang, are expected to drive demand.

The PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my are the most respected and most sought-after real estate industry awards programme in the country. The event is part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The Awards series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and awards ceremonies that represent the most anticipated property events of the year.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; media partners Kopi & Property, Marketing In Asia, Niaga Times, Penang Property Talk, The Malaysia Voice, and Top 10 Malaysia; and official supervisor HLB.

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

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards 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.

Since launching in 2005, the PropertyGuru Asia Property Awards have been presented to outstanding developers, developments, and designs in the region’s most dynamic property markets. 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 2024.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading PropTech company, and the preferred destination for over 37 million property seekers to connect with almost 59,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, 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.

Footnotes & Citation:
(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023
* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities
As of September 30, 2023, PropertyGuru continued its Engagement Market Share*
* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

PROPERTYGURU CONTACTS:

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

Sales & Nominations:
June Fong, Events Director & Head of Awards (Malaysia)
M: +6019-319 0127
E: june.fong@iproperty.com.my

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2519
E: nate@propertyguru.com

Q&M Dental Group recorded growth in both Revenue and Net Profit after tax attributable to parent of S$182.7 million and S$11.5 million respectively for FY2023

Total EBITDA for 2H2023 beats 2H2022 by 39% to S$18.6 million. FY2023 EBITDA is 5% higher at S$37.0 million vs FY2022.
FY2023 Core Healthcare Business Revenue and EBITDA higher at S$$176.2m and S$39.6 million respectively.
2nd interim dividend of 0.53 cent per share to be paid on 26 March 2024. Total FY2023 annual dividend is 0.69 cent per share with a payout ratio of 57%.
Group gearing reduced from 0.83 to 0.78 as at 31 Dec 2023 from one year ago.

GROUP FINANCIAL HIGHLIGHTS

	6 months ended 31 December			12 months ended 31 December
	2H2023 S$’000	2H2022 S$’000	Change %	FY2023 S$’000	FY2022 S$’000	Change %
Total Revenue	95,578	90,304	6	182,723	181,214	1
Core Healthcare Business Revenue	92,895	88,402	5	176,204	172,131	2
Other Business	2,683	1,902	41	6,519	9,083	(28)

Total EBITDA	18,557	13,349	39	37,034	35,220	5

Core Healthcare Business EBITDA	21,439	19,143	12	39,601	39,473	–

Total PATMI	6,183	1,460	323	11,517	11,309	2
Core Healthcare Business PATMI	8,788	7,657	15	14,763	17,068	(14)

Earnings Per Share (SG Cent)	0.65	0.16	306	1.22	1.20	2

SINGAPORE, Mar 1, 2024 – (ACN Newswire) – Mainboard listed Q & M Dental Group Limited (“ the Group” or “the company” and together with its subsidiaries, the “Group”) reported total revenue of S$182.7 million and profit after tax attributable to parent of S$11.5 million for the 12 months ended 31 December 2023 (“FY2023”).

Dr Ng Chin Siau, Group Chief Executive Officer of Q & M, said, “We are heartened by the improvement in the numbers overall for FY2023 despite the macroenvironment impact of relatively high inflation rate, high interest rates and a generally challenging business environment. The resilience of Q&M’s Core Healthcare Business is once again being well-demonstrated and is a testament to strategies and processes we have put in place. We will continue to focus on organic growth within the Group’s strong network in Singapore and Malaysia and also optimising our existing clinics to obtain better outcomes in service and overall productivity.

FY2023 Financials

Core Healthcare Business Revenue increased from S$172.1 million for FY2022 to S$176.2 million for FY2023, mainly from higher revenue contribution from Singapore dental clinics that was offset by lower revenue contribution from Singapore medical clinics, deconsolidation of the Shanghai Chuangyi in June 2023 and the impact of the weakening Malaysian Ringgit for the Group’s operations in Malaysia. The Group’s medical laboratory business was also impacted by lower demand for Covid-19 testing now that the Covid-19 virus has entered the endemic stage.

Aoxin Q & M Dental Limited (“Aoxin Q &M”), a 32.8% owned associate’ company of Q & M reversed from a loss in second half of 2022 to a profit in second half financial year of 2023 (“2H2023”), resulting in Q & M recording a share of profit from equity-accounted associate of S$0.1 million in 2H2023. Comparing FY2023 with FY2022, share of loss in Aoxin Q & M, decreased by S$0.5 million for the same reason give above.

Net cash flow generated from operating activities was S$33.5 million for FY2023. This is mainly attributable to operating cash flow before changes in working capital offset by increase on working capital. Net cash used in investing activities in FY2023 amounted to S$7.2 million, mainly due to purchase of plant and equipment for the existing dental clinics and cost of developing the Artificial Intelligence (AI) guided clinical decision support system. Net cash used in financing activities in FY2023 was S$32.0 million, mainly due to repayment of lease liabilities arising from right-of-use assets, repayment of bank loans, dividend payment to shareholders.

As at 31 December 2023, Q & M has cash and cash equivalents of S$34.0 million and bank borrowings plus finance leases amounting to S$80.3 million.

Net Aset Value attributable to owners of parent is S$99.1 million as at 31 December 2023 compared to S$96.5 million a year ago, an increase of 3%. Net assets value per ordinary share increased to 10.5 Singapore cents as at 31 December 2023 from 10.2 cents a year ago.

Dividend

The Board of Directors of Q & M declared a second interim dividend of 0.53 Singapore cent per ordinary share for 2H2023. The Group paid a 0.16 Singapore cent dividend for 1H2023. The total dividend thus works out to 0.69 Singapore cents for FY2023, with a payout ratio of 57%. The dividend will be paid on 26 March 2024.

Recent Developments

Investment by EM2AI Professionals Holdco Pte. Ltd. Into EM2AI Pte. Ltd. as an Interested Person Transaction

On 25 January 2024, Q & M entered into a joint venture agreement with EM2AI Professional Holdco Pte. Ltd. and its wholly-owned subsidiary, EM2AI Pte Ltd., in which EM2AI Professional Holdco Pte. Ltd. has agreed to invest S$1.6 million of fresh funds into EM2AI for an effective shareholding interest of 51% in EM2AI. In additional, EM2AI Professional Holdco Pte. Ltd. has also agreed to provide an interest free loan of S$3.7 million to EM2AI Pte Ltd.

The investment was undertaken to derive the following benefits for the Group:

a) Strengthen the Group’s financial position and improve its cash flow as EM2AI is a loss-making company and its activities require significant capital investment, specifically in the area of research and development (R&D). With this investment, the primary responsibility for providing cash flow to EM2AI will be shifted to the EM2AI Professional HoldCo Pte Ltd. Funds saved by the Company in respect of further funding requirements of EM2AI can be deployed by the Group to its core activities;

b) By divesting majority control of EM2AI, the Group will effectively minimise its capital investment in EM2AI during its growth stage. The Group, with its minority stake, will benefit from the growth of EM2AI without having to invest substantially into EM2AI;

c) There are certain risks and uncertainties associated with AI-empowered solutions and businesses along with intensive working capital requirements. It is thus difficult to estimate when the business will become ultimately profitable. The investment will allow the Group to mitigate some of the associated risks and at the same time continue to participate in the growth of EM2AI.

Looking ahead

While we are focused on sustainable growth for the Group, we are also mindful of the values and philosophy by which the organisation abides by. Fundamental to this is a responsibility to be the very best in all we do when it comes to the care we offer and the smiles that we create because of our commitment to our stakeholders to the saying:

We strive to build a strong and holistic platform upon which our future growth can be firmly established with particular emphasis on the following strategic thrusts:

1. Strengthening the basics

The Group has always placed strong emphasis on conducting business based on the long term outlook that is ethical and sustainable for both our patients and the Group.

2. Improving efficiency- reducing costs and wastage

Starting in 2023, Q&M is now organised with area management teams that include dentists, nurses, operations and finance personnel to improve overall cost and operational efficiencies, reduce overlaps while also empowering Area Managers to make improvements on the ground. We believe this will improve staff motivation and morale throughout the organisation.

3. Q&M College

As of 4th quarter of 2023, the Group has made it mandatory to attend certain technical training courses for our dentists at the Q.& M College as part of our continuous effort to always maintain the highest standards of skill and expertise and at the same time, refresh the skills of our dentists to improve the overall standard of care throughout the organisation.

4. Artificial Intelligence and Dentistry 3.0

In the dynamic landscape of dentistry, embracing the ethos of a learning organization is paramount for continued growth and innovation. Q & M is a learning organisation made up of employees skilled at creating, acquiring, and transferring knowledge. This is very much part of our Company DNA since day one. With technological advances alongside a fast-changing world, any firm that remains stationary is doomed to oblivion.

Just as Dentistry 3.0 heralds a new era of patient-centric care and technological advancement, so too must our organisation evolve into a hub of continuous learning and adaptation. Imagine a collaborative ecosystem where dental professionals engage in interdisciplinary dialogues, harnessing the latest research and technological breakthroughs to refine their craft and elevate patient outcomes. In this vision, our company becomes not merely a provider of dental healthcare, but a catalyst for industry-wide transformation. By fostering a culture of curiosity, experimentation, and knowledge-sharing, we not only stay ahead of the curve but actively shape its trajectory.

Our investment in Artificial Intelligence is not merely paying lip-service to an emerging trend but yields real world benefits in terms of ethical dentistry that will ultimately result in positive outcomes and experiences both for the dentists and also our patients. Patients armed with more knowledge can also make better informed decisions in consultation with their dentists and dentists can leverage on the data-centric recommendations for the most appropriate treatment plans every time.

5. Expanding our brand- Singapore and Southeast Asia

Q & M is embarking on an intensive strategy for organic growth in our network of dental clinics, bolstering its team of dentists to support future operations in Singapore and Malaysia. Concurrently, we will enhance our digital clinical decision support system to deliver ethical and optimal treatment plans for patients.

With rising standards of living and increased expectations for dental healthcare, particularly in Singapore, the Group is poised to meet the growing demand for both primary and specialised dental services.

Expanding beyond Singapore, the Group seeks to establish a sustainable growth pillar through organic expansion within the burgeoning private dental healthcare market of Southeast Asia. We aim to extend the reach of the Q & M brand and expertise beyond current borders, leveraging our premium reputation and brand for quality products and services. This expansion will be executed with careful and decisive precision, positioning us to export our proficiency regionally.

6. Giving Back through serving the community- Free Dental Clinic @Chai Chee

The Free Dental Clinic which was launched in July 2023 has become a tremendous platform for Q & M to give back to the community, serving to cement the bond between dentists and nurses with the community from all over Singapore. The Group is heartened by the willingness of so many to step up to volunteer their time and expertise to help and benefit those who might otherwise have limited access to good quality dental healthcare.

Since its opening in July 2023 to 31 Dec 2023, the Free Dental Clinic has had the privilege of serving around 220 patients in the community. Of these, more than 90 patients were over 60 years old as well as young children under 12 years of age. We look forward with excitement to serving a larger number of our community in the year ahead.

This press release is read in conjunction with Q & M’s FY2023 results release on SGXNET.

Footnotes:

1. Core Healthcare Business excludes contributions from the Group’s medical laboratory, other gains, other losses and expenses incurred on the development of the Group’s digital Artificial Intelligence (AI) guided clinical decision support system as well as rental rebates received from the Singapore Government.

2. EBITDA refers to earnings before interest, taxes, depreciation and amortisation.

3. PATMI refers to profit after tax and minority interest (aka Profit attributable to parent).

About Q & M Dental Group (Singapore) Limited (QC7.SI)

Q & M Dental Group (Singapore) Limited (QC7.SI) (“Q & M” or together with its subsidiaries, the “Group”) is a leading private dental healthcare group in Asia.

The Group owns the largest network of private dental outlets in Singapore, operating 105 dental outlets across the country. Underpinned by about 270 experienced dentists and over 350 supporting staff, the Group sees an average of 40,000 patient visits a month in Singapore. The Group also operates 5 medical clinics and a dental supplies and equipment distribution company.

Outside of Singapore, the Group has 44 dental clinics and a dental supplies and equipment distribution company in Malaysia. Q & M is also the substantial shareholder of Aoxin Q & M Dental Group Limited, a dental Group listed on the Catalist board of the Singapore Exchange that operates dental clinics and hospitals primarily in the north-eastern region of the PRC. The Group aims to expand its operations geographically and vertically through the value chain in Malaysia, the PRC and within the ASEAN region.

The Q & M College of Dentistry was established in 2019 to offer postgraduate dental education as part of its commitment to continual education and professional development of dentists. It offers Singapore’s first private postgraduate diploma programme in clinical dentistry.

In 2020, the Group expanded into the medical laboratories and research industry with the strategic investment into Acumen Diagnostics Pte. Ltd. (“Acumen”). Currently, Acumen focuses on developing its range of medical research, tests and solutions to secure viable patents and to achieve successful commercialisation of the medical products in the near future.

The Group was listed on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX- ST”) on 26 November 2009.

For more information on the Group, please visit www.QandMDental.com.sg

Media queries, please contact:
Waterbrooks Consultants Pte Ltd
Wayne Koo: wayne.koo@waterbrooks.com.sg (+65) 9338-8166
Derek Yeo: derek@waterbrooks.com.sg (+65) 9791-4707
General: query@waterbrooks.com.sg

Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com

HEKTAR REIT Receives Two Inaugural Honors at Malaysia Top Achievers 2023 Award

“Sustainable Company of the Year”, highlighting Hektar REIT’s excellence in sustainable practices and community engagement
“Leadership Excellence in REIT Management”, recognising domestic top achievers and their contributions towards Malaysian economy

KUALA LUMPUR, Feb 29, 2024 – (ACN Newswire) – Hektar Asset Management Sdn Bhd (“Hektar Asset Management”), the Manager for Hektar Real Estate Investment Trust (“Hektar REIT”) is pleased to announce that the Company is a proud recipient of two Awards at the esteemed Malaysia Top Achievers 2023 (MATA 2023), Sustainable Company of the Year Award to Hektar REIT, and Leadership Excellence in REIT Management Award to Executive Director and Chief Executive Officer Johari Shukri Jamil.


From Left: Dato’ Sohaimi Shahadan, Deputy President, ASEAN Chamber of Commerce Inc.; Dato’ Sri Ismail Sabri Yaakob, Former Prime Minister of Malaysia; Johari Shukri Jamil, ED & CEO of Hektar Asset Management; and Hema Kandy, CEO, My Events International (Link)	From Left: Mohamad Othman Mail, Senior Manager, Finance; Lim Kek Siang, Senior General Manager, Finance; Johari Shukri Jamil, ED & CEO of & spouse; Martin Chen, General Manager, Legal; and Muhammad Fahmi Rasni, Senior Manager, Business Strategy of Hektar Asset Management (Link)

En. Johari Shukri Jamil, Executive Director & CEO of Hektar Asset Management said, “We are truly humbled and honoured to receive both the Sustainable Company of the Year award and Leadership Excellence in REIT Management award from MATA 2023. We owe the recognitions to our incredible team, whose commitment and tireless dedication led us to these awards. It reaffirms our dedication to integrating sustainability into every aspect of our operations.”

He further added, “The conferment of the Sustainable Company of the Year award to Hektar REIT is a testament to the REIT’s industry-leading initiatives and its steadfast commitment to sustainability and community support. This prestigious recognition is expected to further solidify Hektar REIT’s reputation as a socially responsible entity and a key player in Malaysia’s journey towards sustainable development.

“At Hektar REIT, we believe in the power of responsible business practices to create shared value for all our stakeholders, from our tenants and employees to our shareholders and the communities we serve. Today’s awards serve as both an honour and a motivation for our team to continue pushing the boundaries in sustainability and corporate social responsibility. We remain committed to our vision of not only achieving business growth but also making a positive impact on society and the environment.”

A joint venture between The Leaders Online and My Events International, the MATA 2023 celebrates the commendable achievements of local businesses and individuals who have showcased excellence and exceptional performance across various sectors.

This year’s event places a strong emphasis in promoting home-grown talents and inspiring local enterprises to achieve international recognition through their outstanding products and services in 28 categories. Some of the distinctive awards of the night included Icon of The Year, Masterclass Woman Achiever of The Year and Entrepreneur of The Year.

HKTDC welcomes Hong Kong SAR’s 2024-25 budget

HONG KONG, Feb 28, 2024 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2024-25 budget.

The budget introduces a number of measures to boost Hong Kong’s economic growth and promote the continued development of SMEs and start-ups. These measures offer wide-ranging support to help SMEs manage their cash flow and accelerate their transformation, attract high-value added industries, capital and international talent to Hong Kong as well as promote green and digital transformation.

HKTDC Chairman Dr Peter K N Lam said: “At the HKTDC, our mission is to support SMEs and provide them with opportunities to grow and transform. We welcome the HKSAR Government’s initiative to extend the application period and increase the total guarantee commitment for the SME Financing Guarantee Scheme, and make continuous enhancements and inject more funds to the Dedicated Fund on Branding, Upgrading and Domestic Sales (“BUD Fund”). Aside from these initiatives, the introduction of enhancement measures for profit tax will also assist SMEs to tackle their capital flow challenges and accelerate their transformation.”

The HKTDC will work closely with the HKSAR Government to further promote Hong Kong’s strengths and eight centre advantages, move towards a green and digital future and create opportunities for Hong Kong’s industries to ensure the continued growth of the city’s economy. We will also reinforce Hong Kong’s important role as a two-way business and investment hub.

The budget reiterated Hong Kong’s role as a leading business platform for the Belt and Road Initiative. The HKTDC’s global network of 50 offices covers the Belt and Road’s main markets, from ASEAN to Africa, from Europe to South America. This year, we will set up two additional consultant offices along the Belt and Road to connect Hong Kong businesses with arising opportunities.

Dr Lam added that the next 10 years will be a “golden decade” for the Belt and Road. The HKTDC will continue to be guided by the eight major steps of the Belt and Road Initiative, as announced by President Xi Jinping in 2023, and leverage our global network and major events to help Hong Kong businesses explore the Belt and Road market.

The HKTDC supports SMEs’ development and expansion via a range of support programmes, including the Transformation Sandbox (T-box), GoGBA one-stop platform and Digital Academy.

In the 2024-25 financial year, we will provide support to SMEs according to four main directions:

Assist SMEs to seize opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the country’s 14th Five-Year Plan;
Capture arising opportunities in the Regional Comprehensive Economic Partnership and other emerging markets, especially ASEAN and the Middle East;
Help SMEs achieve digital and green transformation; and
Enrich international business people’s stay in Hong Kong, enhance digital offerings in HKTDC exhibitions and conferences, and provide a seamless online and offline experience for event participants.

Media enquiries

Please contact the HKTDC’s Communications & Public Affairs Department:

Agnes Wat	Tel: (852) 2584 4554	Email: agnes.ky.wat@hktdc.org
Sam Ho	Tel: (852) 2584 4569	Email: sam.sy.ho@hktdc.org

About HKTDC

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

Genetec Sets the Stage for Higher Growth Following a Strong Q3FY2024 Performance

Key Financial Performance Highlights for Q3FY2024:

Strong RM76.9 million revenue, with margins jumping to high double-digits.
PBT for the quarter stands at RM25.2 million, with a margin of 32.7%.
PAT for the quarter stands at RM22.9 million, with a margin of 29.8%.

BANGI, Malaysia, Feb 27, 2024 – (ACN Newswire) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD (“Genetec” or the “Company”) recorded another strong quarter for their third quarter financial year 2024 (“Q3FY2024”), continuing the strong business and execution momentum highlighted at the beginning of the FY2024. The Company recorded a higher revenue vis-à-vis the preceding quarter, with all major financial indicators showing significant double-digit growth. This is notable despite the year-on-year (“YoY”) decrease in revenue for the quarter to RM76.9 million from Q3FY2023’s RM85.1 million. Genetec’s profit before tax (“PBT”) and profit after tax (“PAT”) stood at RM25.2 million and RM22.9 million for the quarter under review versus RM13.9 million and RM12.5 million a year ago.

The Company delivered a high gross profit margin of 46.8%, which reflects a 16.2% increase on a YoY basis. This increase is attributed to higher margins in its product mix for the quarter under review. Genetec reiterated that the lower turnover for Q3FY2024 was not reflective of the pipeline strength or sentiment, but the project progressions and billings, as is typical in industries with large project values. The Company said the Electric Vehicle (EV) and Energy Storage segments continued to maintain its dominance as Genetec’s primary revenue stream, contributing nearly 100% of total revenue, accumulated over the last nine months.

Genetec Co-founder and Managing Director Chin Kem Weng highlighted, “Our efforts in 2023 are paying off as Genetec continues our momentum into New Year 2024. As a Group, the teams have been working hard on our product and business development to secure our pipeline and to build new leads across all our business segments, especially in renewable energy with MYBESS. As such, our performance for this quarter remains strong and consistent with our outlook at the beginning of our financial year 2024 (FY2024). In addition, all key financial metrics show double-digit growth, reinforcing the Group’s discipline and management of our supply chain. Moving forward, we are optimistic on the Company’s performance and the timelines in translating the projects secured to be reflected in the remaining quarters for the financial year ending 2024.”

Chin emphasised that, countries globally are ramping up efforts in RE although the timeline of the shift will be for the long-term. Likewise for Malaysia, the shift to RE and EVs continue to gain traction due to increasing pressure from governments and consumers. “The S&P Global Commodity Insights forecast nearly USD 800 billion in clean energy investments for 2024, which is 10% – 20% higher than 2023 levels[1]. Following many years of policy discussions and framework launches, 2024 is a year of execution. This is a time for infrastructure planning, spending and set up to support the shift away from fossil fuel to electric. Companies in the ecosystem, especially EVs are ramping up their production capacities to cater to future demand. As Genetec is in the business of capital expenditure (CAPEX), we have been working hard to position ourselves as the go-to end-to-end turnkey solutions provider for intelligent automation for EV and as of 2023, for RE.”

Genetec added that it will continue to capitalise on such factors while also actively exploring other growth opportunities. At the end of the quarter, Genetec’s earnings per share (“EPS”) stood at 3.04 sen (fully diluted) compared to 2.41 sen (fully diluted) in Q2FY2024.

About Genetec Technology Berhad

Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104). Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information please visit: https://genetec.net/.

Issued by: Narro Communications on behalf of Genetec Technology Berhad

For media enquiries on Genetec Technology Berhad, please contact:
Imelia Kyra
Tel: +6017 848 0977
Email: imelia@narrocomms.com

[1] Source: S&P Global Commodity Insights 2024

Award Winning Creative Director Guan Hin Tay Unveils Pioneering Book ‘COLLIDE: Embracing Conflict to Boost Creativity,’ Published by Penguin Random House SEA

SINGAPORE, Feb 27, 2024 – (ACN Newswire) – Guan Hin Tay, esteemed creative director and thought leader, unveiled his highly anticipated book “COLLIDE: Embracing Conflict to Boost Creativity” during a captivating launch event held at the Book Bar, 57 Duxton Rd, Singapore 089521. Among the attendees were esteemed Book Bar Founder Alex Chua, along with a gathering of friends and well-wishers, marking a momentous occasion in the realm of creativity and innovation.

Published by Penguin Random House SEA, “COLLIDE” challenges conventional thinking by presenting a fresh perspective on creativity in the digital age. With a focus on harnessing conflict as a catalyst for innovation, the book offers a unique framework for navigating the complexities of the creative process.

“At its core, ‘COLLIDE’ is about embracing tension and harnessing it as a driving force for creative breakthroughs,” said Guan Hin Tay. “By exploring the intersections of seemingly disparate ideas, we can unlock new realms of possibility and drive meaningful change,” he adds. The book unveils a holistic framework for nurturing creative tension, encapsulated in the acronym “COLLIDE,” representing Context, Opportunity, Learning, Leverage, Ideate, Develop, and Execute.

Featuring a foreword by Merlee Jayme, CHAIRMOM, Founder of The MISFITS CAMP, and exclusive interviews with industry luminaries including Fredrik Haren, David Guerrero, Valerie Madon, and Asia’s top social media influencer Ng Ming Wei, “COLLIDE” offers practical insights and inspirational anecdotes to empower readers to unleash their creative potential.

Praise for “COLLIDE” has been effusive, with industry leaders hailing it as a transformative guide to innovation:

– Paul Kemp-Robertson, Chief Content Officer at LIONS, Co-Founder at Contagious: “Guan presents a compelling case for the indispensable role of innovation in various aspects of life and work.”

– Russel Wong, Hollywood Celebrity Photographer: “Guan’s book presents an enjoyable method, illustrating how true innovation arises from the clash of ideas.”

– Andrew Robertson, President & CEO, BBDO Worldwide: “Collide is more than a guide; it’s an invitation to break the barriers to our creativity.”

– Sonja Piontek, CSP, Former Director of Marketing BMW Asia, Best Selling Author: “Guan Hin brilliantly encapsulates what it means to be a true innovator.”

– Troy Ruhanen, President & CEO, TBWA/Worldwide: “Collide empowers readers to harness their creativity in groundbreaking ways.”

COLLIDE: Embracing Conflict to Boost Creativity” is now available for purchase at leading bookstores and online retailers in Singapore

Amazon SG link: www.amazon.sg/Collide-Embracing-Conflict-Boost-Creativity/dp/981512711X/ref=sr_1_1

Amazon (international) pre-order link: Available from 11th March 2024
www.amazon.com/Collide-Embracing-conflict-boost-creativity/dp/981512711X/ref=sr_1_1

About Guan Hin Tay

Guan Hin Tay, esteemed creative Director and thought leader, BBDO SINGAPORE is a globally acclaimed creative visionary, boasting a distinguished track record of over 300 awards. As the current Creative Chairman of BBDO Singapore, he brings over three decades of expertise garnered from influential roles in leading advertising networks such as Saatchi & Saatchi, Wunderman Thompson, and Leo Burnett. Guan’s strategic prowess in digital engagement, innovation, and the innovative creative conflict resolution ideation technique has propelled blue-chip clients like Visa, Audi, Shell, Johnson & Johnson, Abbott, P&G, HSBC, and Unilever to new heights, enhancing their market share. Notably, he is the first Southeast Asian Singaporean to serve as a Jury President at Cannes Lions and preside over the esteemed Design & Art Direction London. Renowned for his captivating speeches, Guan has graced prestigious industry events worldwide, including TEDx, Spikes Asia, and the One Show, captivating audiences with his insights. He has also lent his expertise to major international clients such as the US Grain Council, Tencent, TikTok, Meta, and Unilever. Embracing a commitment to innovation and talent development, Guan pioneered Singapore’s first advertising student awards called the Crowbar Student Awards. With a wealth of experience behind him, his inaugural book marks a significant milestone in his illustrious career.

About Penguin Random House SEA

Penguin Random House SEA is a leading publisher committed to delivering exceptional literary works that inspire, educate, and entertain readers across Southeast Asia. Penguin Random House SEA promotes a culture of reading and lifelong learning in the region with a diverse portfolio of titles spanning fiction, non-fiction, and children’s literature.

For media contact:
ganesh@mettai.world
www.mettai.world

Doubleview Gold Corp. Announces Significant Copper and Gold Intervals, Including 6.94% Copper and 8.29 g/t Gold (11.27% Cu Eq[-Sc]) Over 4 meters, from South Lisle and Main Lisle Zones of Hat Porphyry Polymetallic Deposit

Vancouver, British Columbia–(ACN Newswire – February 26, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce analyses from the final five Hat Property drill holes of the 2023 drill campaign. Drill holes H067 and H068 in the South Lisle Zone returned very significant intervals of copper and gold values that add important length and grade dimensions to the porphyry deposit. Drill holes H069 and H070, in the main Lisle zone, were strategically placed to verify and expand our exploration model and have increased the mineralization and shown near-surface continuation. The enhanced volume of mineralization will be reflected in the estimates included in the Maiden Resource Estimate (MRE) currently being prepared.

The Hat Porphyry project is located in the prolific “Golden Triangle” of the Stikine mining district of northwestern British Columbia, Canada, and is in a territory that hosts several large base and precious metal deposits. In addition to copper and gold, the Hat Deposit contains several critical metals, including Cobalt, and Scandium.

Mr. Farshad Shirvani, President and CEO, comments that “The 2023 program of drilling comprised almost 11,000 metres of drilling that explored and extended the Lisle deposit to west, south and southwest, enabled new interpretation of the deposit orientation and model, and revealed a new gold-silver-cobalt-rich area. Several previously unconnected mineral zones were joined and over-all dimensions were increased. A 4 meter section of hole H067 returned a remarkable 6.94% copper and 8.29 g/t gold (11.27% Cu Eq[-Sc] “Cu Eq calculated excluding Sc content”). Data for the Maiden Resource Estimate (MRE) were compiled and forwarded to an outside, arm’s length, consultant. When completed the MRE will be published and mark a very material progression in our development of the Hat deposit”.

South Lisle Zone:

Drill holes H067 and H068 returned strong Copper and Gold mineralization consistent with that reported from hole H034 and confirmed the apparent trend of mineralization to deeper and higher concentrations in the Lisle South area.

Drill hole H067:

Hole H067 intersected significant Gold and Copper mineralization over its entire length from 9 meters depth (see Table 1):

537.8 meters of 0.24g/t Au plus 0.17% Cu (0.34% Cu Eq[-Sc])
Including: 210.4 meters of 0.47g/t Au plus 0.47% Cu (0.64% Cu Eq[-Sc])
Including: 113.3 meters of 0.75g/t Au plus 0.52% Cu (1.01% Cu Eq[-Sc])
Including: 48.0 meters of 1.60g/t Au plus 1.03% Cu (2.01% Cu Eq[-Sc])
Including: 25.0 meters of 3.03g/t Au plus 1.95% Cu (3.77% Cu Eq[-Sc])

Drill hole H068:

Hole H068 intersected mineralization from near surface to total 618 meters, including stronger values at depth

103.0 meters of 0.20g/t Au plus 0.38% Cu (0.48% Cu Eq[-Sc])
Including: 67.0 meters of 0.27g/t Au plus 0.49% Cu (0.63% Cu Eq[-Sc])

Table 1: Significant South Lisle Zone Hole H067 and H068 assay intercepts

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	Cu Eq (%) incl Sc₂O₃
H067	9	546.8	537.8	0.27	0.24	102.0	0.17	31.8	1.10
Inc.	9.0	366.0	357.0	0.33	0.33	128.5	0.21	30.7	1.18
Inc.	93.7	304.0	210.4	0.48	0.47	170.0	0.32	30.3	1.37
Inc.	110.0	339.0	229.0	0.45	0.48	176.5	0.31	29.6	1.35
Inc.	196.0	309.3	113.3	0.54	0.75	235.0	0.52	26.7	1.65
Or	267.0	315.0	48.0	0.76	1.60	337.5	1.03	23.5	2.57
Inc.	279.0	304.0	25.0	1.41	3.03	571.3	1.95	19.6	4.24
Inc.	298.0	302.0	4.0	3.61	8.29	714.1	6.94	16.0	11.65
H068	21.0	618.0	597.0	0.24	0.10	75.1	0.12	34.4	1.01
Inc.	198.0	362.5	164.5	0.18	0.14	102.9	0.09	31.6	0.97
Inc.	202.0	229.0	27.0	0.47	0.40	278.8	0.25	28.3	1.26
And	488.0	591.0	103.0	0.71	0.20	84.6	0.38	35.3	1.33
Inc.	504.0	571.0	67.0	0.95	0.27	102.9	0.49	32.3	1.41
Notes: – Metal equivalents should not be relied upon for future evaluations. – Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. **Copper Equivalent [ Cu Eq (%) incl Sc₂O₃] is estimated using the following metal values and equations: – *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462) – Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g – Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Main Lisle Zone:

Drill holes H069 and H070 explored near-surface mineralization and filled a gap between the hole H022-H023 area and hole H034, an area of strong values. Drill hole H071 significantly extended H034 mineralization. Table 2 includes significant intervals.

Drill hole H069: Intersected 411m of mineralization from near surface including several intervals of note:

253 meters 0.14g/t Au plus 0.21% Cu (0.30% Cu Eq[-Sc])
Including:
- 135 meters of 0.18g/t Au plus 0.30% Cu (0.40% Cu Eq[-Sc])
- 115 meters of 0.20g/t Au plus 0.33% Cu (0.43% Cu Eq[-Sc])
- 52.4 meters of 0.18g/t Au plus 0.44% Cu (0.50% Cu Eq[-Sc])

Drill hole H070: Intersected long intervals of mineralization with uniformly elevated gold values and sections of strong cobalt.

158.5 meters 0.26g/t Au plus 0.17% Cu (0.35% Cu Eq[-Sc])
Including:
- 133.4 meters of 0.31g/t Au plus 0.20% Cu (0.40% Cu Eq[-Sc])
- 96.0 meters of 0.40g/t Au plus 0.25% Cu (0.50% Cu Eq[-Sc])

Drill hole H071: Intersected long intervals of moderate copper, gold and silver values and 1m with very high silver, gold, cobalt and copper.

207.9 meters 0.17g/t Au plus 0.17% Cu (0.29% Cu Eq[-Sc])
Including:
- 24.9 meters of 0.45g/t Au plus 0.13% Cu (0.43% Cu Eq[-Sc])
- 82.0 meters of 0.18g/t Au plus 0.29% Cu (0.39% Cu Eq[-Sc])
- 1.0 meters of 2.31g/t Au plus 2.01% Cu (3.44% Cu Eq[-Sc])

Table 2. Significant South Lisle Zone Hole H069 and H070 and H071 assay intercepts

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	Cu Eq (%) incl Sc₂O₃
H069	39.0	450.0	411.0	0.36	0.12	63.1	0.15	23.1	0.78
Inc.	159.0	412.0	253.0	0.45	0.14	68.8	0.21	22.2	0.83
Inc.	232.0	410.0	178.0	0.57	0.16	64.5	0.25	20.1	0.82
Inc.	232.0	367.0	135.0	0.67	0.18	66.4	0.30	19.9	0.87
Inc.	252.0	367.0	115.0	0.76	0.20	70.8	0.33	19.3	0.89
Inc.	301.0	353.4	52.4	1.15	0.18	47.3	0.44	14.8	0.86
H070	49.0	207.5	158.5	0.44	0.26	88.0	0.17	24.4	0.93
Inc.	58.0	191.4	133.4	0.49	0.31	93.4	0.20	23.8	0.97
Or	24.0	138.0	114.0	0.47	0.30	83.6	0.15	23.5	0.91
Inc.	93.0	189.0	96.0	0.56	0.40	93.4	0.25	23.6	1.06
Inc.	126.0	134.0	8.0	1.90	2.01	332.9	0.78	20.9	2.55
Inc.	288.0	290.0	2.0	7.03	0.47	555.0	2.64	15.7	3.19
H071	141.0	414.0	273.0	0.30	0.15	84.0	0.16	26.5	0.90
Inc.	175.1	200.0	24.9	0.25	0.45	76.9	0.13	26.2	1.05
Inc.	298.0	380.0	82.0	0.49	0.18	82.0	0.29	25.1	0.99
Inc.	304.0	305.0	1.0	4.03	2.31	669.0	2.01	12.7	3.75
Notes: – Metal equivalents should not be relied upon for future evaluations. – Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. **Copper Equivalent [ Cu Eq (%) incl Sc₂O₃] is estimated using the following metal values and equations: – *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462) – Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g – Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Table 3. Drill Hole Data

Drill Hole ID	UTM – East	UTM – North	Elevation (m)	Max-Depth (m)	Azimuth (°)	Dip (°)	Area
H067	347,866	6,453,619	938.0	549.0	300.0	-60.3	South Lisle (Gold Rich Zone)
H068	347,866	6,453,619	938.0	618.0	310.0	-68.5	South Lisle (Gold Rich Zone)
H069	347,865	6,453,953	956.5	459.0	18.0	-75.0	Main Lisle Zone
H070	347,866	6,453,953	956.5	600.0	55.0	-70.0	Main Lisle Zone
H071	347,866	6,453,953	956.5	411.0	170.0	-70.0	South Lisle (Gold Rich Zone)

Figure 1 : Drill Plan with IP Chargeability (at 700m masl)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_001full.jpg

Figure 2A. Vertical Section (A-A’) along the drill holes H067, H068 at South Lisle Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_002full.jpg

Figure 2B. Vertical Section (B-B’) along the drill holes H069, H070, H071 at Main Lisle Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_003full.jpg

Scandium:

Scandium, one of the rarest metals, is deemed “critical” by Canadian and American federal governments. The Hat deposit is one of a small number of North American deposits that potentially contains significant amounts of scandium:

Scandium is utilized in various industries due to its unique properties, especially when alloyed with aluminum. Applications take advantage of scandium’s ability to enhance the strength, durability, and thermal resistance of aluminum, making the resultant alloy ideal for aerospace, military, and automotive industries. Additionally, scandium finds applications in the manufacturing of solid oxide fuel cells, where it serves as a critical component due to its electrical conductivity and heat resistance. These fuel cells are used in power generation with high efficiency and low emissions. Other industries that benefit from the use of scandium include lighting, electronics, and 3D printing, leveraging its capacity to improve the performance of materials and components within these sectors.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199246

Flex is not dead: Why WeWork’s collapse won’t spell the end of the industry

HONG KONG, Feb 22, 2024 – (ACN Newswire) – WeWork, a company once valued at US$47 billion, has filed for bankruptcy in the U.S.. While such high-profile situations can potentially cast a shadow over the industry’s outlook, we at The Executive Centre (TEC) maintain our confidence that premium, innovative flexible workspace solutions continue to be in high demand.

Boosted by evolving corporate strategies and a renewed appreciation for workplace flexibility, the current landscape presents a fertile ground for high-quality flexible offices, tailored to the unique needs of the modern workforce.

This whitepaper aims to provide insights into the flexible workspace industry in Asia-Pacific (APAC), and to debunk the misconception of a downturn in demand, which might lead us to overlook the sector’s broader, positive growth trajectory.

The Reason WeWork Went Down

WeWork’s downfall is a classic example of overambition clashing with market realities. From a mission that pledged to ‘elevate the world’s consciousness’ to excessive expansions and mismanagement, a series of strategic missteps precipitated its collapse:

— Overexpansion without Sufficient Demand: WeWork’s rapid growth strategy was fundamentally flawed. The company expanded aggressively across the globe, opening new locations at a breakneck pace. This expansion was driven more by the desire for quick scaling rather than actual market demand. Consequently, many of their spaces remained underutilised, draining resources without generating consistent profits throughout the business’ lifespan.

— Financial Mismanagement and Governance Issues: WeWork also grappled with financial mishandling and governance problems. Its leadership faced criticism for opaque decision-making and misallocation of funds, leading to a loss of investor trust and market confidence.

The company’s failed IPO in 2019 marked a turning point, shedding light on its overvaluation and questionable governance practices. WeWork’s valuation plummeted from US$47 billion to a fraction of that, causing a major leadership overhaul and a shift in business strategy. However, the detrimental effects have already taken hold.

WeWork serves as a cautionary tale demonstrating that rapid, unchecked expansion without a demand-led strategy and solid governance can lead to significant business challenges.

Paul Salnikow, Founder and CEO of The Executive Centre said “With WeWork now in Chapter 11 and with many global commercial real estate markets in recession, any operator who is not profitable has only a slim chance of remaining in business. As hundreds of WeWork centres, along with numerous operator-run centres are closing, there has been a noticeable decrease in the capacity of low-grade coworking spaces, which gradually reduces the supply of low-grade flex space.”

“In contrast, The Executive Centre, which operates with centres in Asia, Australia, and the Middle East, has expanded its network by 60% to 200+ locations since 2019. We have done this by continuing to understand that we are a service business, focusing on delivering truly premium flex accommodation to its now 47,000+ clients.

Smart operators continue to benefit from high demand for flex workspace in APAC

Looking beyond WeWork’s woes, the demand for flexible office and coworking spaces has never been higher, powered by post-pandemic hybrid working models, and companies’ need to be fully flexible in their commercial real estate commitments.

Companies across APAC are increasingly adopting hybrid work models, with a growing trend among large corporations to incorporate flex spaces into their workplace strategies. This shift is driven by the desire to reduce fixed asset obligations and provide employees with diverse, stimulating environments. Flexible workspaces, with their scalable, plug-and-play office setups, offer the ideal solution.

Certain regions within APAC demonstrate particularly strong demand for flex spaces, including major business hubs like Singapore, Seoul, Shanghai, Tokyo, Dubai, and several cities in India, where a mix of local and international businesses drives the market.

Furthermore, despite the hybrid working pattern, the culture of physical presence in Asian offices is significantly higher than its Western counterparts. With major companies increasingly requiring employees to return to the office, these factors underscore that the demand for flex spaces in APAC is more prominent than ever before.

Recipe for success

TEC stands out as the leading premium flexible workspace operator in APAC, distinguished by its strategic focus on high-end products and services, prime locations in core CBD buildings, exceptional occupancy rates, and sustained profitability.

TEC demonstrates a marked difference with its growth strategy driven by pre-identified client demand, contrary to WeWork. In 2023 alone, TEC has added a total of 29 new Centres totaling 474,000 sq ft of net area and over 7,200 workstations, due to MNCs’ robust demand for TEC’s premium offerings. With close to 30 years of expertise and a solid track record in the flexible workspace market in Asia, TEC maintains an exceptional occupancy rate of around 90%.

TEC’s success is built on a deep understanding of the needs of its upscale clientele, with 83% being MNCs. It has also been a profitable company for more than two decades with uninterrupted positive year-on-year growth. TEC’s focus on profitability is evident in its operational efficiency and demand-led expansion strategies. Unlike other players in the market who pursued growth at the expense of profits, TEC has balanced its expansion with financial sustainability, ensuring long-term success in the competitive flexible workspace arena.

Conclusion

The APAC flex market presents a landscape with robust opportunities, despite the cautionary tale of WeWork. The key to success lies in understanding market dynamics, pursuing expansions driven by client demand, focusing on profitability and business sustainability, and maintaining financial prudence.

The flexible workspace industry shows significant long-term potential, and operators with strong foothold in the sector, such as The Executive Centre, will only grow stronger.

For more information about The Executive Centre, please visit http://www.executivecentre.com

HKIRA 10th IR Awards 2024 now open for nomination

HONG KONG, Feb 21, 2024 – (ACN Newswire) – Hong Kong Investor Relations Association (HKIRA) is pleased to announce that public nomination is now open for the HKIRA 10th IR Awards 2024 (the ‘Awards’). This will be the tenth consecutive year of the Awards at which best IR and corporate governance practices are recognized among Hong Kong listed companies.

Dr Eva Chan, Founding Chairman of HKIRA, said, “This is the 10th year of the IR Awards launched since 2015. The IR professionals is facing with a high inflation, high interest rate and volatile geopolitical environment, which is a challenging year for financial markets around the world. During such times is when effective communication between companies and its stakeholders becomes increasingly important. Rising concerns over ESG, health and wellness issues have also been changing the ways in which investors value listed companies. We look forward to recognizing IR professionals that have been dedicating immense efforts in adapting to these changes and excelling in such challenging environment at this year’s IR Awards.”

Last year, 126 award entries were received from listed companies, over 740 eligible voters and over 290 voting institutions participated in the voting. 41 winners from various categories were recognized at the Awards. Among the winners, China Resources Beer (Holdings) Company Limited (stock code: 00291) and Xtep International Holdings Limited (stock code: 01368) were awarded Overall Best IR Company by company size – Large Cap and Mid Cap – respectively. The Judging Panel concurred to withhold the Overall Best IR Company Award for Small Cap last year, and looked forward to ongoing efforts in the adoption of IR best practices by Small Cap listed companies in Hong Kong.

The HKIRA 10th IR Awards 2024 is once again honoured to have Professor Louis Cheng, Dr. S H Ho Professor of Banking and Finance and the Director of Research Centre for ESG at The Hang Seng University of Hong Kong, as the Chairman of the Judging Panel. Being an advocate and a researcher of best practice of IR, Professor Cheng has in recent years been promoting the idea of integrating ESG into investors’ decisions. ESG-related awards have been added to the HKIRA IR Award categories since 2020. In addition, Professor Cheng has been working with HKIRA to continuously fine-tune the award criteria and categories to better recognise the latest development of IR activities and strategies in Hong Kong and Asia.

Public nomination for the HKIRA 10th IR Awards 2024 is now open to Hong Kong-listed companies. Nominated individuals and companies will be placed on the online voting list upon confirmation of their participation. The investment community, including buy-side and sell-side analysts, and fund managers, are eligible to vote. Nominees with the highest votes (weighted) in each award category will be shortlisted and then undergo a final assessment by the judging panel. Finally, the Most Progress in IR, IR Committed Company, Overall Best IR Company and Grand ESG Awards will be selected by the judging panel. Facilitating a fair and balanced evaluation, the judging panel comprises academics, representatives from professional associations and the investment community.

The HKIRA 10th IR Awards 2024 scheme has a total of 16 award categories honouring best IR practices of individuals and companies. Among these awards, 12 categories are open for nomination and voting, while the other 4 awards are selected by the judging panel. The award winners are to be announced at a ceremony to be held in Hong Kong in June/July 2024. For more information, please visit www.hkira.com/awards.

Strategic Public Relations Group is once again proud to be the Official Public Relations Partner and the Diamond Sponsor for the HKIRA IR Awards this year. Please find key dates relating to the Awards with its categories and criteria for selection listed in the Appendix.

Professor Louis Cheng, Dr. S H Ho Professor of Banking and Finance and the Director of Research Centre for ESG, The Hang Seng University of Hong Kong, Chairman of the Judging Panel; Dr Eva Chan, Founding Chairman of HKIRA; and Mr Kevin Leung, Investor Relations Director & Company Secretary of China Resources Beer (Holdings) Company Limited (From left to right).

About HKIRA

Hong Kong Investor Relations Association (HKIRA) is a non-profit professional association comprising investor relations practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances the best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.

HKIRA is dedicated to advancing the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 1,300 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. About 68 of the Hang Seng Index Constituent Stock companies are currently members of HKIRA. HKIRA’s members are from a wide spectrum of professions including IR, finance, accounting, company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies. For more information about HKIRA details, please visit our website http://www.hkira.com.

About the IR Awards

The HKIRA Investor Relations Awards (the “IR Awards”) is an annual campaign that aims to encourage, recognize and reward the excellence in investor relations practices by individuals and companies listed in Hong Kong Stock Exchange. Since the launch in 2015, each year the Awards seeks out and highlights the incredible achievements of individuals and companies with high standards in investor relations through their role modelling to the investment community.

The Awards ceremony, consisting of a conference in the morning and presentation in the afternoon, is a spectacular gathering of IR specialists and industry professionals that applauds and publicizes the year’s achievements in investor relations. For details of the Awards and online nominations, please visit http://www.hkira.com/awards.

Media enquiries:

Strategic Public Relations Group

Cindy Lung Tel: +852 2864 4867 Email: cindy.lung@sprg.com.hk

Holly Szeto Tel: +852 2864 4859 Email: holly.szeto@sprg.com.hk

Michelle Shiu Tel: +852 2864 4861 Email: michelle.shiu@sprg.com.hk

Website: www.sprg.asia

Hong Kong Investor Relations Association

Scarlet Cheng Tel: +852 2117 1846 Email: irawards@hkira.com

Website: www.hkira.com

Appendix

Key Dates

Nomination period: 21 February to 26 March 2024

Online voting period: 8 April – 15 May 2024

Judging Panel Meeting: Second half of May 2024

Award Presentation: June /July 2024

Award Categories

Award Categories	Recognition	Selection Method
Best IR Company	Company’s Achievements	Open for nomination and online voting
Best IR Team
Best ESG (E)
Best ESG (S)
Best ESG (G)
Best Investor Meeting
Best Investor Presentation Material
Best Annual Report
Best IR Company for an IPO*
Best IR by Chairman/CEO	Individual’s Achievements
Best IR by CFO
Best IRO (Investor Relations Officer)
Most Progress in IR	Demonstration of the most progress in IR in the above areas during 2023	Selected by Judging Panel
IR Committed Company	Demonstration of substantial efforts and allocated valuable resources towards enhancing their IR functions
Overall Best IR Company Awards	Outstanding and all-round excellence in the above areas
Grand ESG Award	Overall excellence in all the three areas across ESG

* Companies which were listed on the Stock Exchange of Hong Kong in 2022 and 2023 are eligible to be nominated for this award.

Remarks: All awards will be further categorised by company market capitalisation into Large Cap, Mid Cap, and Small Cap, except Best IR Company for an IPO, Most Progress in IR and IR Committed Company Awards.

Judging Panel (Arranged in alphabetical order of last name)

Name	Title	Firms / Organizations
Professor Louis Cheng (Chairman of Judging Panel)	Dr. S H Ho Professor of Banking and Finance, Director of the Research Centre for ESG	The Hang Seng University of Hong Kong
Dato’ Seri CHEAH Cheng Hye MAoF	Co-Chairman And Co-Chief Investment Officer	Value Partners Group
Mrs Amy Donati	Executive Director and Chief Executive Officer	EDICO Holdings Limited
Ms Ashley Khoo, CFA, CPA	Ex- Board Director	CFA Society Hong Kong
Mr Stephen Law	Vice-President	Hong Kong Institute of Certified Public Accountants
Mr Andrew Look	Independent Non-Executive Director	CITIC Resources Holdings Limited
Ms Victoria Mio, CFA, FRM	Portfolio Manager, Head of Greater China Equities	Janus Henderson Investors
Dr Maurice Ngai	General Committee and the Chairman of Membership Services of the Sub-Committees	The Chamber of Hong Kong Listed Companies