Power-up Your Vacations with LAC

SINGAPORE, Aug 14, 2023 – (ACN Newswire) – Whenever vacation season comes around, surely many of us with holiday plans are impatiently waiting to escape the mundanities of the daily grind and unwind overseas, pronto.

However, while travelling abroad can be an exciting experience, it exposes us to new environments and climates, leading to a higher chance of falling ill from all these jetting around. Research from the Centers for Disease Control and Prevention reveals that as many as 43%-79% of travellers to low- and middle-income countries become ill with a travel-associated health problem. The same study also revealed that travel duration is also a factor as the risk for a travel-associated illness increases with the length of the trip.

To combat these travel-bugs, LAC, Leader in Antioxidative Control, shares these useful travel supplements to pack in your suitcases:

For the Jetlagged and the Sleepyheads

When travelling to destinations of a different timezone, concerns of jetlag and fatigue are commonplace. The misalignment between the body's internal clock and the local time can cause poor sleep quality, causing lowered immunity. LAC Goodnight Powder is formulated with key ingredients such as melatonin, serotonin and Vitamin B6 to regulate the body's circadian rhythm – the perfect sleep supplement for the tired traveller, keeping your immune system right on track to fight off the nasty travel bugs.

For those Prone to Falling Sick

Ever wonder why people tend to fall sick easily while travelling? When visiting destinations that are climatically different from our own, factors such as stress or shifts in lifestyle may expose the body to free radicals which attack the body's immune cells.

To fully savour the sights, flavour and joy of an enjoyable travel experience, reducing the amount of free radicals each of us are exposed to, is important. The LAC MASQUELIER's(R) French Pine Bark Extract is jam-packed with Oligomeric proanthocyanidin complexes (OPCs). These specially-formulated antioxidants reduce the amount of free radicals in the body, allowing the body to combat pathogens and infections effectively.

For the Foodies

The Traveller's Diarrhoea (TD) is one of the most common issues travellers experience during travel. TD is spread mainly through food and water but it can also spread from person to person. While many travellers cite the local cuisine as one of the pulling factors to their holiday destination, being unfamiliar to common bacteria and viruses at their destination are often the primary cause of explosive diarrhoea and loose stools.

The LAC Probiotic Complex 25 Billion CFU would be a suitable solution to mitigate and alleviate the symptoms of TD, making it a perfect daily supplement for foodies who are always in search of the best local delicacies.

All in all, travelling often disrupts our routine and exposes us to different environments, potentially affecting our nutritional intake and immune response. LAC's supplements are a definite travel essential to support your overall health and well-being, ensuring that your body receives the essential nutrients it needs to power up and enjoy the vacation to the max.

About LAC Global

Headquartered in Singapore, LAC Global is one of Asia's largest speciality retailers in nutritional supplements, vitamins, minerals, herbal, and other speciality supplements in Anti-ageing and Beauty, Immunity, Weight Management, Sports Nutrition, and Energy.

The Company owns the LAC brand, short for Leader in Antioxidative Control?, a leading health and wellness supplement brand with a global presence. Since its founding, LAC has embarked on a pioneering journey to develop scientifically based formulas, harnessing the best of eastern wisdom and western technology to fight free radicals, combat ageing brought forth by oxidative stress, and support you daily in looking, feeling, and functioning at your best. Having established a global presence since 1997, LAC's reach includes Singapore, Malaysia, Taiwan, Philippines, China, Japan, Vietnam, Myanmar, USA, Central & South Americas, and the Middle East. Currently, there are more than 220 LAC branded stores in Singapore, Malaysia, Philippines and Taiwan ROC. LAC stringently sources ingredients from around the globe, such as USA, Japan, France, Australia, New Zealand and Switzerland to ensure utmost quality, and works only with the most specialised partners in developing and manufacturing health solutions.

Its other brands include Xndo Food For Health. LAC Global is dedicated to ensuring consumers stay well, and live life to the fullest.

Website: LAC.sg
Instagram: @LACGlobalSingapore
Facebook: @LACGlobalSingapore

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

Society Pass Inc’s (Nasdaq: SOPA) 2Q/1H 2023 Financial Results Illustrate Continuing Breakneck Revenue Growth and Exceptional Profit Margin Expansion; Confidently Forecasts Achieving Cash Profitability in 2H 2023

New York, Aug 10, 2023 – (ACN Newswire) – Society Pass Incorporated (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces unaudited financial results for second quarter ended 30 June 2023 and a filing of its 2Q 2023 Form 10-Q with the Securities and Exchange Commission (SEC).

Click Here (on SEC website) to view 2Q 2023 Form 10-Q filing.

Summary Points:

• With cash on hand of $10.8 million (approximately $0.38 per share) and book value of $12.7 million (approximately $0.45 per share) on 31 March 2023, SoPa is well capitalised for continuing acquisitions of SEA companies in its digital advertising, travel, lifestyle, telecommunications, and loyalty/fintech verticals for the rest of 2023.

• 1H 2023 revenues grew 348.0% year on year (from $944,152 in 1H 2022 to $4,229,812 in 1H 2023).

• 2Q 2023 revenues grew 338.3% year on year (from $499,062 in 2Q 2022 to $2,187,232 in 2Q 2023).

• 2Q 2023 revenues grew 7.1% quarter on quarter (from $2,042,580 in 1Q 2023 to $2,187,232 in 2Q 2023).

• 1H 2023 gross profit grew to $1,263,396 from a 1H 2022 gross loss of $14,931.

• 1H 2023 gross margin improved to 29.9% from 1H 2022 gross margin of -1.6%.

• 2Q 2023 gross profit grew to $577,159 from a 2Q 2022 gross loss of $138.

• 2Q 2023 gross margin improved to 26.4% from 2Q 2022 gross margin of 0.0%.

• While 1H 2023 revenues grew 348.0% year on year, 1H 2023 cash operating expenses declined 28.0% year on year (from $7,864,068 in 1H 2022 to $5,663,264 in 1H 2023).

• While 2Q 2023 revenues grew 338.3% year on year, 2Q 2023 cash operating expenses declined 51.9% year on year (from $4,891,352 in 2Q 2022 to $2,350,345 in 2Q 2023).

• While 2Q 2023 revenues grew 7.1% quarter on quarter, 2Q 2023 cash operating expenses declined 29.1% quarter on quarter (from $3,312,918 in 1Q 2023 to $2,350,345 in 2Q 2023).

• 1Q 2023 digital advertising revenues represent 62.9% of total revenues and grew 17.7% quarter on quarter from ($1,283,774 in 1Q 2023 to $1,510,960 in 2Q 2023).

• 1Q 2023 travel platform revenues represent 23.8% of total revenues and grew 14.2% quarter on quarter from ($486,707 in 1Q 2023 to $556,042 in 2Q 2023).

• SoPa completed the following acquisitions in 2Q 2023: VLeisure, Vietnam’s leading provider of hotel management and payment solutions; and Newave, an Indonesia-based KOL management agency. In addition, SoPa announced the acquisition of PT Inetindo Infocom, a subsidiary of Story-I Limited, a leading Indonesia-based retailer of Apple products, for a total consideration of approximately $1.85 million. Management expects the PT Inetindo Infocom acquisition to close in September 2023.

• Since inception, SoPa has onboarded approximately 3.3 million registered consumers, approximately 650,000 registered merchants/brands and approximately 10,000 influencers onto its ever-expanding next generation digital ecosystem and loyalty platform in SEA.

• SoPa operates six verticals in SEA: digital advertising, travel, lifestyle, loyalty, food & beverage delivery and telecommunications,

• SoPa operates in five SEA countries: Singapore, Vietnam, Indonesia, Philippines and Thailand.

• SoPa employs approximately 225 people throughout SEA.

Raynauld Liang, Society Pass Inc Chief Financial Officer, explains, “Our continuing breakneck revenue growth and exceptional profit margin expansion, as evidenced in the Company’s second quarter 2023 financial performance, substantiate our acquisitions-focused business plan to build the next generation digital ecosystem and loyalty platform here in SEA. Despite 1H 2023 revenues growing 348% year-on-year in the five largest economies of SEA, our 1H 2023 cash operating expenses DECLINED by 28%. Just as importantly, our profit margins are dramatically improving on a year-to-year basis. We realized 29.9% gross margins in 1H 2023, up from a negative 1.6% grow margins in 1H 2022.

Mr Liang elaborates, “I note that our two main subsidiaries, Thoughtful Media and NusaTrip, were only acquired in 2H 2022. Yet, in just under 12 months, both subsidiaries now contribute more than 90% of SoPa’s revenues. I expect both subsidiaries to materially contribute to the Group’s revenues and profits in 2H 2023. Our third biggest subsidiary, NextGen Retail, announced the acquisition of a large retailer of Apple products in Indonesia. I expect NextGen Retail to grow much quicker in 2H 2023. Finally, with the Singapore launch of our SoPa Loyalty App Launch in June 2023, we have put the final piece of the puzzle in building out our business plan. The synergies generated between our loyalty platform and our subsidiaries will translate into significant revenue generation going forward. With the continuing performance in our three big verticals, we confidently project attaining cash profitability sometime in 2H 2023.”

About Society Pass Inc.

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

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

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

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Use of Non-GAAP Financial Measures

In addition to financial information prepared in accordance with U.S. GAAP, this document also contains certain non-GAAP financial measures based on management’s view of performance including cash operating expenses. Management uses such measures internally for planning and forecasting purposes and to measure the performance of the Company. We believe these adjusted financial measures provide useful and meaningful information to us and investors because they enhance investors’ understanding of the continuing operating performance of our business and facilitate the comparison of performance between past and future periods. These adjusted financial measures are non-GAAP measures and should be considered in addition to, but not as a substitute for, the information prepared in accordance with U.S. GAAP. When preparing these supplemental non-GAAP financial measures, we typically exclude certain GAAP items that management does not consider to be normal, recurring non-cash operating expenses.

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

HKTDC Food Expo kicks off next week with inaugural Food Expo PRO

HONG KONG, Aug 8, 2023 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the much-anticipated HKTDC Food Expo, HKTDC Beauty & Wellness Expo, and HKTDC Home Delights Expo will run from 17 to 21 August at the Hong Kong Convention and Exhibition Centre (HKCEC). The inaugural Food Expo PRO will be staged with the returning Hong Kong International Tea Fair at the same venue from 17 to 19 August. At the five events will be more than 1,700 exhibitors, providing a one-stop sourcing and shopping platform for trade buyers and the public to enjoy global cuisines and lifestyle products.

Sophia Chong, HKTDC Deputy Executive Director, announced the full programme and key highlights of this month's events at today's press conference.

The Food Expo brings you the best of the world's cuisines, with a wide range of speciality food and beverages, including the Isey Skyr, the unqiue Icelandic yoghurt, 100% handmade and original tinned cakes, frozen cocktail ice lollies from the Netherlands and made-in-Hong Kong black truffle gelato.

Ticketing partner AlipayHK and Alipay representative, Keith Cheung (L), Head of Marketing, AlipayHK, meets Sophia Chong (R), Deputy Executive Director of the HKTDC at the press conference.

In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and eight scientific research institutions, will be held at the same venue on 17 and 18 August to offer the latest industry information and promote the development of Chinese medicine.

Introducing highlights of the August's events at a press conference today, Sophia Chong, HKTDC Deputy Executive Director, said: "This year's Food Expo marks our first large-scale public food exhibition with tasting opportunities since the pandemic restrictions were lifted. We have renamed the former Food Expo Trade Hall as Food Expo PRO this year to serve the needs of the catering industry. Coinciding with several exhibitions and the International Conference of the Modernization of Chinese Medicine and Health Products, these events will provide an excellent platform for both industry professionals and the public to explore and learn about diverse gourmet cuisines, beauty and fitness products, healthcare information, and trendy homeware. Boosted by the positive influence of the Consumption Voucher Scheme, we anticipate welcoming large crowds to the events."

Food Expo PRO – Showcasing a vast array of the latest and specialised product trends (17-19 August)

This year, the Food Expo's Trade Hall is renamed as Food Expo PRO. The first two days will be open to trade buyers, while the last day (19 August) will be open to public and trade buyers. The Food Expo PRO will showcase food and beverage products from 20 countries and regions, with 21 pavilions from Indonesia, Japan, Korea, Mexico, Poland, Thailand, and from Mainland China's provinces including Fujian, Heilongjiang, Hunan, Jilin, Sichuan, Zhejiang, and more.

Exhibitors from all over the world will showcase various food, service, and technology that reflect the latest product trends, such as Korea's flavoured pickled seafood, Singapore's traditional coffee with unsweetened oat milk, Poland's smooth and mild fruit-flavoured vodka, and essence of mushroom (Yun-zhi) product from the Chinese Medicine and Health Food zone.

On top of diverse exhibits, the fair also provides more specialised and comprehensive information.

The new Food Science and Technology Zone will showcase innovative food processing technologies, such as peanut protein-based and alternative plant-based chicken products developed by food tech start-ups, and non-alcoholic beers developed by local academic institutions. Two of Food Tech Symposium sessions will be held during the fair, with the Hong Kong Productivity Council, the Controlled Environment Hydroponic Research and Development Centre and the Technological and Higher Education Institute of Hong Kong discussing the development of emerging technologies in the food industry in Hong Kong, and food technology start-ups sharing how technology is reshaping the F&B and retail industries.

Hong Kong International Tea Fair: Promoting world famous teas and facilitating cultural exchange (17-19 August)

Hong Kong International Tea Fair will be open to trade buyers on the first two days of the fair, and to trade buyers and the public on the last day (19 August). There will be 10 pavilions, including the first-time participation of Kenya Pavilion, and returning exhibitors from Sri Lanka, and Mainland China's Fujian, Guizhou, Hunan, and Jiangsu provinces, showcasing famous teas, tea products and tea wares. Highlighted products include the modern version of Chaoshan Gongfu Tea, enriched and concentrated milk tea, and Japanese handcrafted Tetsubins (cast iron kettles), amongst others.

The Hong Kong International Tea Fair Tea Competition 2023 will be held with awards such as "The Best Aroma Award" and "The Best Taste Award", selected by professional tea judges in a blind tasting. Attendees will be able to sample the winning teas free of charge on the morning of 19 August.

The two trade fairs will continue to be held under the hybrid exhibition model EXHIBITION+, allowing global food and tea buyers to view exhibitors recommended by artificial intelligence (AI), and to arrange and conduct online meetings with exhibitors through Click2Match, a smart business matching platform, from 10 to 26 August, in addition to the physical trade fairs. For the first time, the Food Expo PRO and Hong Kong International Tea Fair will pilot Scan2Match, which is designed to help buyers connect with exhibitors seamlessly from offline to online.

Food Expo – A culinary voyage around the world (17-21 August)

The 33rd edition of the Food Expo presents the Public Hall and Gourmet Zone, that will showcase global cuisines and dining options from around the world, will be open to the public for five consecutive days from 17 to 21 August 2023. The Gourmet Zone will feature nearly 100 exhibitors showcasing the finest cuisines from Asia, Europe and the United States, with desserts, organic greens and fine coffees from all over the world, making it a must-attend event for those who are in appetite for the finest cuisines.

This year, the newly introduced Wine Whisky Wonderland zone brings fine wines from all over the world, and there will be a special K-Food zone for food lovers to keep abreast of Korean culinary trends and culture.

The Public Hall will feature various exhibitors, including more than 30 well-known brands, such as Maxims, Tai Pan, Nissin, Sau Tao, Tao Ti, Kee Wah Bakery, Wing Wah, and Four Seas Group in the Premium Food zone.

The Food Expo also features speciality food and beverages, including Isey Skyr, the unique Icelandic yoghurt,100% handmade and original tinned cakes, frozen cocktail ice lollies from the Netherlands, organic collagen jelly from Korea, made-in-Hong Kong black truffle gelato, and more.

Back again will be the ever-popular cooking demonstration at the Star Kitchen. This year, 18 sessions of Star Chef Cooking Demonstration will be staged at Food Expo. They include Ronald Shao, Executive Chef of Mian; Hung Chi Kwong, Executive Chinese Chef of Run at The St. Regis Hong Kong; Adam Wong, Executive Chef of Forum Restaurant – Ah Yat Abalone; Chan Sai Fai, Executive Chef (Dim Sum) of Chuan Palace; Au-Yeung Chung Kei, Executive Chef of YUE; and Olivier Elzer, French founder, and mastermind behind Clarence.

In collaboration with the Environment and Ecology Bureau's Committee on Reduction of Salt and Sugar in Food, and the Centre for Food Safety, the expo will invite famous chefs to demonstrate "less salt and less sugar" recipes to advocate the ethos of healthy eating in the city. On 19 August, media veteran Jacky Chan will host the Chef's Dialogue featuring three renowned Hong Kong chefs who will share their cooking and dining tips and secrets. There will also be several exciting events during the expo, including seminars and talks, wine tasting workshops and exhibitor presentations.

Beauty & Wellness Expo – Rejuvenating the natural beauty from within (17-21 August)

The seventh Beauty & Wellness Expo will showcase a wide range of beauty, cosmetic, hairdressing, fitness and wellness products. In addition to the major pavilions hosted by the Federation of Beauty Industry (H.K.), Hong Kong Hair & Beauty Merchants Association, International Beauty & Health General Union, The Cosmetic & Perfumery Association of Hong Kong Ltd, and Hong Kong China Federation of Bodybuilding & Fitness Limited, there will be new pavilions presented by the CIDESCO International CICA Association of Esthetics and Association of International Aesthetics Management.

In addition, Hieggo Pavilion will be exhibiting for the first time at Beauty & Wellness Expo, bringing with it a wide range of health products, with Lawrence Cheng and other guests sharing wellness knowledge at the fair. The expo will showcase an extensive variety of health and beauty products. These include the Pulseroll Vibrating Massage Roller from the United Kingdom, the DR. SCHAFTER Advanced Derma Laser Skin Peel, the FOOTDISC Anti-Fatigue Insoles and the Sericin Poria Pore Refining Booster.

A series of informative and exciting activities will be held including an "Introduction to Mental Health" sharing session organised by Mind HK; a preview of the 2023 IFBB Hong Kong Fitness Awards Charity Open Championship; a seasonal autumn/winter make-up demonstration by expert Edmon Wong; and seminars on topics such as Japanese manicure, slimming and nutritional dieting, and more.

Home Delights Expo – Igniting an ideal smart home (17-21 August)

The ninth Home Delights Expo will showcase smart home products, kitchen appliances, kitchenware, tableware, and household products. The Avenue of Delights will feature over 40 exhibitors and several lifestyle brands, including Towngas, ZWILLING JA Henckels, A-Fontane, LAURASTAR, Tiger, and German Pool. The expo will present new home products, including the Hydrogen Plus Cold & Hot Purifier, MasterMind, an AI massage chair equipped with voice control and bespoke functions, and a sterilisation machine for cleansing knives, chopsticks, and cutting boards by Zhang Xiao Quan.

This year, the Hong Kong Furniture and Decoration Trade Association pavilion will continue to showcase home design elements that integrate technology into people's daily lives to build an ideal smart home. In addition, the Creative Corner will provide a platform for young start-ups to promote and sell their products. Apart from cultural and creative products, the public can participate in exciting activities such as bonsai design and dried flower gift making workshops.

ICMCM – High-calibre experts discuss the inheritance and innovation of traditional Chinese medicine (17-18 August)

The Modernized Chinese Medicine International Association together with the HKTDC and eight scientific research institutions will present the latest International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM), offering invaluable Chinese medicine insights and information for industry participants.

This year's theme is "Inheritance and Innovation of Traditional Chinese Medicine", featuring 18 keynote speakers, including experts from the United Kingdom, Singapore, Japan, Korea, Mainland China, and Hong Kong who will discuss new Chinese medicine research and development and share successful product commercialisation cases. Running in a hybrid format, the conference will stimulate and facilitate exchange of ideas among speakers and participants. By attending the conference, registered Chinese medicine practitioners in Hong Kong may also apply for Continuing Medical Education (CME) credits.

Promoting electronic payment with Consumption Voucher Scheme and daily lucky draw

with the second instalment of the Consumption Voucher Scheme rolled out, the HKTDC is encouraging exhibitors to embrace electronic payment methods to streamline transactions and enable a more convenient and efficient shopping experiences for the public.

The "Lucky Draw" will take place daily during the exhibition period with prizes including hotel accommodation and buffet vouchers, homeware, skincare products, gourmet food, health products and fitness classes. Spending HK$200 or more on a single receipt allows visitors to enjoy one lucky draw entry, with a maximum of five entries per receipt. The HKTDC's promotional website, "August Happy Buy", continues to help the public keep abreast of the latest shopping information, various flash sales, "HK$1" offers and more than 160 shopping coupons will be given away. In addition, the HKTDC will also launch a "BYO Utensils for Bonus Rewards" campaign to encourage people to support environmental protection, and some exhibitors will give bonus offers to those who bring their own utensils.

E-tickets are available for sale at AlipayHK, Alipay (HKTDC's ticketing partner), which offers a HK$3 and Rmb3 discount for every transaction. Other sales outlets include the 01 Space e-ticketing platform, all 7-11 and Circle K convenience stores, and via the Octopus App. Physical ticket sales for the August exhibitions will not be available at the fairground. Instead, toll booths will be set up at the entrance to allow visitors to use their AlipayHK, Alipay or Octopus card for admission instantly. The HKTDC has also extended the discounted morning and night admission tickets for the public to visit the exhibitions during non-peak hours on designated dates.

Websites
– HKTDC Food Expo PRO: https://foodexpopro.hktdc.com
– HKTDC Hong Kong International Tea Fair: https://hkteafair.hktdc.com
– HKTDC Food Expo: https://hkfoodexpo.hktdc.com
– HKTDC Beauty & Wellness Expo: https://hkbeautyexpo.hktdc.com
– HKTDC Home Delights Expo: https://homedelights.hktdc.com
– The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM): https://icmcm.hktdc.com
– August Happy Buy website: https://ecoupon.hktdc.com/food/
– Photo download: https://bit.ly/45il75B

About HKTDC

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

Media enquiries

HKTDC's Communications and Public Affairs Department:
HKTDC Food Expo, HKTDC Beauty & Wellness Expo
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org

HKTDC Food Expo PRO, HKTDC Hong Kong International Tea Fair, ICMCM
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org

HKTDC Home Delights Expo
Clementine Cheung, Tel: +852 2584 4575, Email: clementine.hm.cheung@hktdc.org

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

U.S. Polo Assn. Climbs to Top 25 of License Global’s Prestigious 2023 ‘Top Global Licensors’

West Palm Beach, FL, Aug 8, 2023 – (ACN Newswire) – USPA Global Licensing Inc. (USPAGL) today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), climbed License Global magazine's prestigious list of 2023's Top Global Licensors and for the first time ever is ranked in the top 25. The multi-billion-dollar, sport-inspired brand moved up three spots from 28th in 2022 to 25th overall and is considered one of the largest sports licensors and apparel licensors in the world. The iconic brand was also ranked as the second-largest sports brand, alongside the NFL and PGA Tour.

U.S. Polo Assn.'s strong ratings come off an outstanding 2022, having achieved $2.3 billion in global retail sales, expanding its footprint to include over 190 countries, and ending the year with more than 1,100 U.S. Polo Assn. retail stores worldwide. The brand's fast-tracked digital strategy resulted in websites for more than 40 countries in 20 different languages and the activation of more than 7 million social media followers of the brand worldwide. U.S. Polo Assn.'s authentic connection to the sport of polo is resonating with younger consumers and sports fans around the world.

"I want to personally thank all members of our global team and strategic partners around the world on behalf of U.S. Polo Assn. for their hard work and dedication to our sport-inspired brand," says J. Michael Prince, President and CEO of USPAGL, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. "To be in the top 25 on License Global's prestigious list and be ranked among other iconic sport and fashion leaders is an honor and a nod to our tireless efforts in executing on our global strategy and aggressive growth plans."

License Global's Top Global Licensors list is a "who's who" of licensing titans, derived from an annual study that "accounts for retail sales of licensed merchandise across all major sectors of business, from entertainment to sport, food and beverage, corporate brands, fashion, art and design, and much more."

To be considered for inclusion, each brand or corporate entity must submit retail figures based on worldwide sales of licensed merchandise. In addition, License Global's editors do their own independent vetting and verification, by consulting industry sources, annual reports, and financial documents. The world's largest brand remains The Walt Disney Company at $61.7 billion in retail sales, with the third-largest brand, Warner Bros. Discovery, at $15.8 billion, and Mattel, the eighth-largest brand at $8 billion.

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through over 1,100 U.S. Polo Assn. retail stores and thousands of department stores, sporting goods channels, independent retailers, and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named one of the top global sports licensors in 2023, according to License Global. Visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, which provides sport and lifestyle content. A historic, multi-year, global arrangement between USPAGL and ESPN, now showcases many of the top championship polo games in the U.S., enabling millions of sports fans and consumers to enjoy the sport across ESPN's broadcast and streaming platforms. For more sport content, visit globalpolo.com.

Contact Information:
Stacey Kovalsky
Senior Director, Global Communications
skovalsky@uspagl.com
+001.561.790.8036

Shannon Stilson
VP, Sports Marketing & Media
sstilson@uspagl.com
+001.561.227.6994

Gina Digregorio
Head of Marketing, Brand Machine Group
gina.digregorio@brandmachinegroup.com
+44 (0) 7741 635 984

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

Men in Relationship – Is Maintaining a Trim Waistline an Uphill Battle? LAC LeanCut(TM) Belli Lean and LAC Mega Maca

SINGAPORE, Aug 7, 2023 – (ACN Newswire) – Many of us often joke about our friends when they get into a relationship, "Did you gain weight? Wow, you must be having a very loving partner now!"

The start of dating and relationships often bring forth happiness between partners, eager to shower time and love on each other. More often than not, from the times spent eating out and enjoying each other's company, men find themselves gaining weight during such wonderful times.

Furthermore, as the relationship progresses on to the next level, marriage, and children come into the picture. Suddenly, combined with a hectic work schedule, there is simply no more time for a quick run or gym sessions anymore.

As time passes, we may have noticed their jeans are running tighter, or heard them lament over feeling tired and more lethargic as compared to the past. Before we let our minds run wild ? is he tired of the relationship!? ? more often than not, the lack of energy is directly related to weight gain.

LAC (Leader in Antioxidative Control) offers nutritional, thoughtful gifts you can shower our men with, to combat excessive weight gain and promote healthy living through the LAC LeanCut(TM) Belli Lean and LAC Mega Maca.

Weight gain occurs when the amount of calories consumed exceeds the calories burned. With the additional food our men have to constantly finish up for us, the excess calories consumed will eventually be stored and accumulated as fat around the abdominal area. An unhealthy accumulation of belly fat puts men more at risk of health problems such as Type 2 diabetes, heart disease, and colorectal cancers. Furthermore, the additional weight gained leaves them feeling more fatigued than usual, which could hamper their usual performance and focus.

LAC LeanCut(TM) Belli Lean not only aims to reduce water retention and subcutaneous fats under the skin, it can also reduce visceral fats that wrap around their organs. Offering a proprietary blend of ingredients such as Corn Silk Extract, Lemon Balm Extract, Red Vine Leaf Extract, Lotus Leaf Extract, Eucommia Leaf Extract and Medium Chain Triglycerides, LAC LeanCut(TM) Belli Lean aims to trim those stubborn inches easily and effectively.

Aside from the LeanCut(TM) Belli Lean, LAC Mega Maca is another supplement that can help our men in relieving fatigue, giving them more energy to survive the day. Containing Maca root as one of the key ingredients, this powerful and invigorating men's tonic promotes men's hormonal balance and nourishes men's vitality health, a convenient alternative for our men to increase their libido and maintain overall health.

About LAC Global

Headquartered in Singapore, LAC Global is one of Asia's largest speciality retailers in nutritional supplements, vitamins, minerals, herbal, and other speciality supplements in Anti-ageing and Beauty, Immunity, Weight Management, Sports Nutrition, and Energy.

The Company owns the LAC brand, short for Leader in Antioxidative Control(TM), a leading health and wellness supplement brand with a global presence. Since its founding, LAC has embarked on a pioneering journey to develop scientifically based formulas, harnessing the best of eastern wisdom and western technology to fight free radicals, combat ageing brought forth by oxidative stress, and support you daily in looking, feeling, and functioning at your best. Having established a global presence since 1997, LAC's reach includes Singapore, Malaysia, Taiwan, Philippines, China, Japan, Vietnam, Myanmar, USA, Central & South Americas, and the Middle East. Currently, there are more than 220 LAC branded stores in Singapore, Malaysia, Philippines and Taiwan ROC. LAC stringently sources ingredients from around the globe, such as USA, Japan, France, Australia, New Zealand and Switzerland to ensure utmost quality, and works only with the most specialised partners in developing and manufacturing health solutions.

Its other brands include Xndo Food For Health. LAC Global is dedicated to ensuring consumers stay well, and live life to the fullest.

Website: LAC.sg
Instagram: @LACGlobalSingapore
Facebook: @LACGlobalSingapore

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

Society Pass Inc (Nasdaq: SOPA) Announces Payments Partnership with 2C2P to Enhance the Online Shopping Experience in Southeast Asia

Singapore, Aug 4, 2023 – (ACN Newswire) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announced a strategic payments partnership with 2C2P, a global full-suite payments platform headquartered in Singapore, to drive e-commerce shopping in SEA. Through this partnership, Society Pass’s loyalty application would be able to offer 2C2P’s wide array of alternative payment options to customers based in the Philippines and Indonesia.

2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets. Over the years, 2C2P has established and nurtured an extensive network of partners globally, adhering to local and international regulatory compliance standards. The current network includes all major local and international credit cards, over 17 major digital wallets and QR payment platforms, and various alternative payment methods. 2C2P‘s customers can use their preferred payment method via cards, digital wallets, or over–the–counter at over 400,000 locations in Asia. The extensive payment solutions meet the needs of businesses from diverse sectors, including airlines, insurance, marketplaces, retail, F&B, and hospitality.

Amidst the pandemic and its recovery, the adoption of digital payments in the region has accelerated while cash usage has continued to decline. Propelled by a surge in digital commerce and government incentives/initiatives, providers of domestic payments, mobile wallets, and buy-now-pay-later (BNPL) operators, are all witnessing increased adoption by businesses. Forecasts suggest SEA’s digital economy is experiencing impressive growth rates from 2021 to 2026E and will outpace China, Europe, and the US. According to an IDC InfoBrief commissioned by 2C2P, SEA’s digital economy spending will rise by 121% by 2026, and digital payments will reach 92% of total digital economy payments by 2026, up from 80% in 2020.

Rokas Sidlauskas, Chief Marketing Officer of SoPa, commented, “We are excited to announce this strategic payments partnership with 2C2P as it enables Society Pass to offer more flexible and convenient methods to pay for goods and services within our ecosystem to our customers. By integrating leading Southeast Asia digital e-wallets such as AliPay (regional), Touch n’ Go (Malaysia), Momo (Vietnam) or GCash (Philippines) just to name a few into our ecosystem, Society Pass enables millions of customers to access our platforms, ranging from travel (NusaTrip), to e-commerce (Leflair.com), to telecoms (Gorilla Networks), and to digital advertising (Thoughtful Media Group). This is especially important considering that we operate in Southeast Asian markets, where unfortunately, over 75% of people are unbanked and do not possess debit or credit cards”.

Mr. Sidlauskas added, “In partnering with 2C2P, we automatically increase the potential customer-base within Southeast Asia by millions of potential users. We are excited by the prospect of adding value by offering our services to them”.

Rachelle Alexis Lim, Executive Director of 2C2P, said, “As we embark on this strategic partnership with Society Pass, we look forward to enhancing the payments experience of SOPA’s consumers across SEA. This collaboration with SoPa aligns perfectly with our mission to drive e-commerce growth in the region and globally, revolutionising how people transact and unlocking the potential of the digital economy for all”.

About 2C2P

2C2P is a full-suite payments platform helping the world’s leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile and offline channels including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere. 2C2P also provides value-added services such as issuing, 3D Secure, bill payments and digital goods to meet every business need.

The company is headquartered in Singapore and operates globally. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises.

For more information on 2C2P, please visit: https://2c2p.com/

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

GPOPlus+ Announces Impressive Revenue Results

LAS VEGAS, NV, Aug 1, 2023 – (ACN Newswire) – GPOPlus+, (GPOX:US:OTC) a leading provider and distributor of products for convenience stores and specialty retailers, gas stations, smoke shops, has recently announced an impressive surge in revenues during the fourth quarter of the year. The company reported a staggering 320% increase in its financial performance, marking a significant milestone for the organization.

GPOPlus+ offers a unique technology driven direct store delivery model ("DSD") that is creating both significant increases in revenue as well as improved unit economics with greater efficiencies yielding higher margins. The Company has implemented this program successfully in an initial group 100 retail locations and in process rolling out to their entire retail base. A key component to the service is creating distribution "Mini Hubs" supported by a Regional Hub. Mini Hubs are typically supported by 1-2 drivers that provide fanatical support to a local market, servicing locations as much as once a week. GPOX has already announced the expansion of 5-6 Mini Hubs by year end. GPOX also enables businesses to leverage the power of group purchasing to obtain better pricing and terms for their procurement needs. By aggregating the purchasing power of multiple specialty retailers and other organizations, GPOPlus+ negotiates with suppliers to secure exclusive discounts and benefits for its customers/ retailer.

The remarkable growth in revenues during the fourth quarter can be attributed to several key factors. Firstly, GPOPlus+ has been successful in expanding its retail distribution base, resulting in a larger pool of purchasing volume, allowing the company to greatly expand its product offering and negotiate even more favorable deals with suppliers. The company's current focus is rolling out there "White Glove" DSD (Direct Store delivery) to the existing 470 stores where they see a 3x in sales per month per store from $580 to $2120 with new service equating to a $1500 difference per month per store. This provides an interesting upside opportunity as their top line growth is scaling via this initiative.

Additionally, GPOPlus+ has made significant investments in technology and infrastructure to enhance its platform's capabilities. The company has implemented advanced data analytics tools and streamlined its processes to provide retail partner with a seamless and efficient purchasing experience. These improvements have not only attracted new customers and an expanding retail distribution base but also increased engagement and satisfaction among existing ones. The company has focused on building strong relationships with suppliers, ensuring they understand the value proposition of partnering with the organization.

By demonstrating the potential for increased sales volume and long-term partnerships, GPOPlus+ has been able to secure more favorable pricing and terms from suppliers, ultimately benefiting its customers. This expanded distribution base has also allowed GPOX to develop several proprietary products , focusing on high margin CBD and Nutraceuticals. GPOX is also in process of launching direct to consumer on-line sales programs. The surge in revenues is a testament to the effectiveness of GPOPlus+'s business model and its commitment to delivering value to its retail partner s. By leveraging the collective buying power of its diverse membership base, the company has created a win-win situation for both buyers and suppliers.

For businesses, GPOPlus+ offers numerous advantages. It allows them to access a wide range of products and services at significantly discounted prices, resulting in substantial cost savings. GPOX analyses daily sales looking to optimize product offerings to maximize sales revenue focusing on highest performing movers. Increasing revenue for retail partners. Moreover, GPOPlus+ provides a streamlined procurement process, saving businesses valuable time and resources.

Suppliers, on the other hand, benefit from increased sales volume and exposure to a larger customer base. By partnering with GPOPlus+, suppliers can tap into new markets and expand their reach, ultimately driving growth for their own businesses.

Looking ahead, GPOPlus+ is poised for continued success and growth. The company plans to further expand its distribution base and strengthen its relationships with suppliers. Additionally, GPOPlus+ aims to enhance its platform's capabilities by incorporating emerging technologies such as artificial intelligence and machine learning, enabling even more efficient and personalized purchasing experiences for its retail partners. GPOX has developed a multi-site replication platform (MSRP) solution to maximize online sales. In essence a powerful backend engine supporting unlimited front end landing pages that become niche sales funnels for GPOX on-line product offerings. While still in a beta launch phase, this potentially could be a primary revenue driver for the Company.

In conclusion, GPOPlus+ has reported an impressive 320% surge in revenues during the fourth quarter, highlighting the effectiveness of its new white glove DSD model. By leveraging the collective buying power of its retail base and investing in technology and supplier relationships, GPOPlus+ has positioned itself as a leader in the industry. With its commitment to delivering value to both buyers and suppliers, GPOPlus+ is well-positioned for continued success in the future.

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About GPO Plus, Inc.

Headquartered in Las Vegas, Nevada, GPO Plus, Inc. (OTCQB:GPOX) is a publicly traded global holding company of industry-specific Group Purchasing Organizations (GPO). The main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry.

Media contact:
GPO Plus, Inc. (OTCQB:GPOX)
David Zazoff
dzazoff@mdmworldwide.com

Disclaimer:
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements made by the company. Statements that are not purely historical are forward-looking statements. The forward-looking statements contained herein are based upon our current expectations and beliefs regarding future events, many of which, by their nature, are inherently uncertain, outside of our control and involve assumptions that may never materialize or may prove to be incorrect. These may include estimates, projections and statements relating to our research and development plans, business plans, objectives and expected operating results, which are based on current expectations and assumptions that are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by these forward-looking statements. These statements may be identified using words such as "may," "expects," "plans," "aims," "anticipates," "believes," "forecasts," "estimates," "intends," and "potential," or the negative of these terms or other comparable terminology regarding GPOPlus Inc. expectations strategy, plans or intentions, although not all forward-looking statements contain these words. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, that could cause actual events to differ materially from those projected or indicated by such statements. Forward-looking statements included herein are made as of the date hereof, and GPOP Plus Inc. does not undertake any obligation to update publicly such forward-looking statements to reflect subsequent events or circumstances, except as required by law.

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

LAC FullCal and LAC Joint Protec: Stronger Bones and Healthier Joints for Pregnant/Postpartum Mothers

SINGAPORE, Jul 31, 2023 – (ACN Newswire) – Gazing at the pregnancy test kit, as the faint double-lines slowly appear, can be an emotional rollercoaster of happiness and trepidation. Pregnancy is a beautiful journey, but it also comes with its fair share of physical challenges, especially within the joints and bones, as the body adjusts itself to accommodate a new life growing within.

As pregnancy progresses, development of symptoms like the Pelvic Girdle Pain often becomes a constant companion, causing nagging pain in the back and hips, ranging from mild ache to severe limitations in daily activities, no thanks to the influx of the relaxin hormone within the body, along with the extra weight that a pregnant mother carries.

The developing fetus also requires a considerable amount of calcium to form bones and teeth, and with a deficiency in the mother's calcium metabolism, the baby will draw what it needs from the mother's bones, leading to sudden drops in bone density and an increased risk of fractures even without falling.

To reduce the painful and potentially lasting effects of pregnancy, it is important for women to consume a balanced diet rich in calcium, vitamin D, and other nutrients that support bone health, which brings us to the latest developments by LAC – LAC FullCal and LAC Joint Protec to help optimise musculoskeletal health.

The LAC FullCal and LAC Joint Protec are perfect forms of supplements to add to a new mother's daily diet. With a gold standard 2:1 calcium to magnesium ratio for optimal calcium absorption and metabolism, LAC FullCal is also enriched with other beneficial co-nutrients like fish collagen, and Vit C & E to support joint health, making it an all-rounded calcium supplement.

Alongside LAC FullCal, LAC Joint Protec is a complementary supplement to help boost joint health, and alleviate the symptoms brought about by joint weakness. Consisting of key ingredients like glucosamine, chondroitin and collagen to promote cartilage repair, Joint Protec minimises friction between the joints for increased mobility. Enhanced with a blend of other beneficial ingredients, such as the cat's claw, bromelain, and calcium lactate to ease joint discomfort and strengthen joints.

LAC FullCal and Joint Protec not only benefit a mother's bone and joint health but also support the healthy growth and development of the growing baby. These supplements aid in preventing bone loss, reducing inflammation, and improving joint function and mobility, leading to relief from joint pain and restricted movements in mothers.

About LAC Global

Headquartered in Singapore, LAC Global is one of Asia's largest speciality retailers in nutritional supplements, vitamins, minerals, herbal, and other speciality supplements in Anti-ageing and Beauty, Immunity, Weight Management, Sports Nutrition, and Energy.

The Company owns the LAC brand, short for Leader in Antioxidative Control(TM), a leading health and wellness supplement brand with a global presence. Since its founding, LAC has embarked on a pioneering journey to develop scientifically based formulas, harnessing the best of eastern wisdom and western technology to fight free radicals, combat ageing brought forth by oxidative stress, and support you daily in looking, feeling, and functioning at your best. Having established a global presence since 1997, LAC's reach includes Singapore, Malaysia, Taiwan, Philippines, China, Japan, Vietnam, Myanmar, USA, Central & South Americas, and the Middle East. Currently, there are more than 220 LAC branded stores in Singapore, Malaysia, Philippines and Taiwan ROC. LAC stringently sources ingredients from around the globe, such as USA, Japan, France, Australia, New Zealand and Switzerland to ensure utmost quality, and works only with the most specialised partners in developing and manufacturing health solutions.

Its other brands include Xndo Food For Health. LAC Global is dedicated to ensuring consumers stay well, and live life to the fullest.

Website: LAC.sg
Instagram: @LACGlobalSingapore
Facebook: @LACGlobalSingapore

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

Hong Kong delegation to ASEAN pushes collaboration into top gear

KUALA LUMPUR, Jul 28, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC)-organised delegation, led by Hong Kong Special Administrative Region (HKSAR) Chief Executive Mr John Lee and accompanied by Principal Officials, today concluded a week-long visit to Singapore, Indonesia and Malaysia. Delegates and representatives of the three Association of Southeast Asian Nations markets signed more than 30 memorandums of understanding signalling closer cooperation based on a shared vision of prosperity and development in Asia.

Dr Peter K N Lam, HKTDC Chairman addresses Malaysia-Hong Kong: Partnering for Success. The event,
hosted by the HKTDC today, drew significant pledges to foster deeper economic and cultural links
between Hong Kong and Malaysia

During the visit to Singapore, the Hong Kong delegation visited Meinhardt Group to learn about their
latest developments in technology application, sustainable development, and green finance

Dr Peter K N Lam (4th L), HKTDC Chairman, concluded the ASEAN trip of the Hong Kong delegation
in Kuala Lumpur, expressing that the visit had been highly fruitful.

More than 30 senior executives from Hong Kong's leading chambers, organisations, enterprises and conglomerates joined the delegation to strengthen ties, expand networks and discuss collaboration opportunities riding on new policies in Hong Kong to attract investment and talent, as well as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Belt and Road Initiative and new cooperation agreements such as the Regional Comprehensive Economic Partnership (RCEP).

Dr Peter K N Lam, Chairman of the HKTDC, said: "The objective of our mission is to introduce Hong Kong's latest developments and new policies to attract businesses and talent, as well as the opportunities arising from the GBA, the Belt and Road Initiative, which celebrates the 10th anniversary this year, and cooperation agreements such as RCEP. We aim to help Hong Kong businesses expand into markets, as well as attract more ASEAN companies to set up offices in Hong Kong, and to collaborate with Hong Kong and Mainland Chinese companies based in Hong Kong to expand into the GBA, Mainland China and other overseas markets. At the same time, enterprises from ASEAN markets can expand and find new opportunities by leveraging the Hong Kong platform."

Dr Lam said the more than 30 MoUs signed between enterprises and organisations of Hong Kong and Singapore, Indonesia and Malaysia paved the way for deeper and broader collaboration in the future.

"During our visits, we had the opportunity to exchange ideas with leading enterprises and the Chinese ambassadors, gaining a deeper understanding of future developments and local government policies. I hope our delegates can share their insights with the Hong Kong business community to help to open up new opportunities for businesses large and small," he added.

Since 1966, the HKTDC has created business opportunities between Hong Kong and the world, promoting Hong Kong as an international business and financial hub and gateway to China through outreach such as organising delegations, international trade fairs and industry conferences, as well as enabling small and medium-sized enterprises and start-ups.

7 MOUs were signed at the business dinner in Singapore: (https://bit.ly/43Ta02c)
– HKTDC and Singapore Business Federation (SBF)
– InvestHK and Blockchain Association Singapore (BAS)
– Hong Kong Science & Technology Group (HKSTP) and Global Entrepreneurship Network (GEN)
– CCB International (Holdings) Ltd and Mirxes Holding Company Limited
– HSBC and Keppel
– City University of Hong Kong and National University of Singapore (NUS)
– Xgate and Singapore Retailers Association (SRA)

15 MOUs and SPA (share purchase agreements) were signed at the business luncheon in Jakarta: (https://bit.ly/4557err)
– HKTDC and Indonesian Ministry of Trade
– HKTDC and Indonesian Ministry of Industry
– HKTDC and KADIN
– InvestHK and KADIN
– Hong Kong Observatory and The Agency for Meteorology, Climatology, and
– Geophysics of the Republic of Indonesia (BMKG)
– HKEX and Indonesia Stock Exchange (IDX)
– [SPA] Value Partners Group and STAR Asset Management
– BOC International Holding Ltd, BOC HK Jakarta Branch and Tsingshan Industry
– BOC International Holding Ltd, BOC HK Jakarta Branch and J&T Jitu Express
– Chinese Asset Management Association of Hong Kong (HKCAMA) and Indonesia Asset
– Management Association
– CCB International (Holdings) Ltd and J&T Jitu Express
– Hong Kong Aerospace Technology Group and Bakrie & Brothers
– HSBC and Hutchison Ports Indonesia
– Media Asia Group Holdings Limited and MNC Media & Entertainment
– Templewater Limited and China International Marine Containers (Group) Ltd. (CIMC)
– and Eternal Tsingshan Group Ltd

11 MOUs were signed at the business luncheon in Kuala Lumpur: (https://bit.ly/3DyZfaw)
– HKTDC and MATRADE
– HKTDC and NCCIM
– MTR Corporation Limited and Mass Rapid Transit Corporation Sdn. Bhd. (MRT)
– Federation of Hong Kong Industries and Federation of Malaysian Manufacturers
– FWD Group Holdings Limited (FWD Group) and FWD Insurance Berhad (FWD Insurance)
– HSBC and Gobi Partners
– WeLab Group and HSBC
– City University of Hong Kong and Malaysia Digital Economy Corporation
– A&A (Digital business consulting) Limited and MyTOWN Shopping Centre
– Shangri-La International Hotel Management Pte Ltd and Far East Group
– CCB International (Holdings) Ltd x AFFIN

Photo Download: http://bit.ly/3O4lf1y

About HKTDC

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

Media enquiries
Strategic Public Relations Sdn Bhd
Mandy Tan, Tel: +60 16-477 2256, Email: mandy.tan@sprg.com.my
Kevin Tan, Tel: +60 12-700 1666, Email: Kevin.tan@sprg.com.my

HKTDC's Communication & Public Affairs Department:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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

Hong Kong delegation strengthens business ties with Indonesia

JAKARTA, Jul 26, 2023 – (ACN Newswire) – A Hong Kong business delegation – organised by the Hong Kong Trade Development Council (HKTDC), led by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Mr John Lee and accompanied by Principal Officials – was in Jakarta, Indonesia today following a visit to Singapore in the past two days. The 30-strong delegation of business leaders from Hong Kong's major organisations, chambers and enterprises is making a week-long visit to Association of Southeast Asian Nations members to strengthen ties, expand networks and discuss collaboration riding on new policies in Hong Kong to attract investment and talent, as well as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Belt and Road Initiative and new cooperation agreements such as RCEP (Regional Comprehensive Economic Partnership). Multiple MOUs were signed in Singapore (seven) and Indonesia (16), covering finance, trade, technology and cultural exchange.

Dr Sunny Chai, Chairman, Federation of Hong Kong Industries, Mr Nicholas Aguzin, Chief Executive,
HKEX; Dr Peter K N Lam, Chairman, HKTDC; Mr John Lee, Chief Executive of the HKSAR;
Mr Horace Cheung, Deputy Secretary of Justice; Mr Christopher Hui, Secretary for Financial Services
and the Treasury; Mr Algernon Yau, Secretary for Commerce and Economic Development [L-R]

Delegates visited major enterprises, met officials to understand Indonesia's development, and held a networking lunch with the local business community themed Indonesia-Hong Kong, Partnering for Success, hosted by the HKTDC.

At a press conference before the luncheon Mr Lee said: "ASEAN is Hong Kong's second-largest trading partner globally. Among ASEAN states, Indonesia is the largest nation. We are here to consolidate our friendship with Indonesia and other ASEAN states. We wish to strengthen our long-standing co-operation for mutual growth. More importantly, we wish to tell our friends here the good and latest stories of Hong Kong."

Mr Lee was accompanied by Deputy Financial Secretary Mr Michael Wong, Secretary for Financial Services and the Treasury Mr Christopher Hui and Secretary for Commerce and Economic and Development Mr Algernon Yau.

HKTDC Chairman Dr Peter K N Lam, HKEX Chief Executive Mr Nicholas Aguzin and Federation of Hong Kong Industries Chairman Mr Sunny Chai, representing various sectors in Hong Kong, shared their insights on business development of Hong Kong and Indonesia at the press conference.

During the luncheon speech, the Deputy Minister of Trade of the Republic of Indonesia Jerry Sambuaga expressed gratitude for the visit. He believed the exchange would benefit both parties and said: "Hong Kong is an important trading partner for Indonesia and I am optimistic that the Indonesia-Hong Kong relationship will grow stronger and be mutually beneficial."

On the same occasion HKTDC Chairman Dr Peter K N Lam said: "As an international business hub and a two-way platform between Mainland China and the world, Hong Kong is the perfect partner for Indonesian companies to tap into the Chinese market or to go global. As the Belt and Road Initiative enters its 10th year, we can work together to capitalise on the opportunities from a new phase of cooperation and sustainable development along the Belt and Road. HKTDC values the close ties between Hong Kong and Indonesia built up over years. Together, we have woven a story of mutual growth and prosperity. As we look to the future, we envision a stronger, deeper partnership between us."

During the two days in Indonesia, the delegation met representatives of key enterprises such as the Lippo Group and CT Corporation, and will also visit the Jakarta-Bandung High-Speed Railway which is an example of collaboration between Indonesia and Mainland China.

The delegation will move on to visit Malaysia over the next few days.

Since 1966, the HKTDC has created business opportunities between Hong Kong and the world, promoting Hong Kong as an international business and financial hub and gateway to China through outreach such as organising delegations, international trade fairs and industry conferences, as well as enabling small and medium-sized enterprises and start-ups.

7 MOUs were signed at the business dinner in Singapore:
– HKTDC and Singapore Business Federation (SBF)
– InvestHK and Blockchain Association Singapore (BAS)
– Hong Kong Science & Technology Group (HKSTP) and Global Entrepreneurship Network (GEN)
– CCB International (Holdings) Ltd and Mirxes Holding Company Limited
– HSBC and Keppel
– City University of Hong Kong and National University of Singapore (NUS)
– Xgate and Singapore Retailers Association (SRA)

16 MOUs were signed at the business luncheon in Jakarta:
– HKTDC and Indonesian Ministry of Trade
– HKTDC and Indonesian Ministry of Industry
– HKTDC and Indonesian Ministry of Tourism and Creative Economy
– HKTDC and KADIN
– InvestHK and KADIN
– Hong Kong Observatory and The Agency for Meteorology, Climatology, and Geophysics of the Republic of Indonesia (BMKG)
– HKEX and Indonesia Stock Exchange (IDX)
– Value Partners Group and STAR Asset Management
– BOC International Holding Ltd and Tsingshan Industry, and BOC HK Jakarta Branch
– BOC International Holding Ltd and J&T Jitu Express, and BOC HK Jakarta Branch
– Chinese Asset Management Association of Hong Kong (HKCAMA) and Indonesia Asset Management Association
– CCB International (Holdings) Ltd and J&T Jitu Express
– Hong Kong Aerospace Technology Group and Bakrie & Brothers
– HSBC and Hutchison Ports Indonesia
– Media Asia Group Holdings Limited and MNC Media & Entertainment
– Templewater Limited and China International Marine Containers (Group) Ltd. (CIMC) and Eternal Tsingshan Group Ltd.

Photo Download: https://bit.ly/3rJKtuR

About HKTDC

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

Media enquiries
HKTDC's Communication & Public Affairs Department:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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