LAC and ART:DIS Collaborates on Exclusive Limited-Edition Umbrellas: A Celebration of Artists Overcoming Disabilities

SINGAPORE, Nov 28, 2023 – (ACN Newswire) – LAC, one of Asia’s leading health and wellness supplement brands, is proud to partner with ART:DIS (Arts & Disability Singapore) for a special festive initiative. As part of their year-end promotion, LAC will be distributing 40,000 limited-edition umbrellas featuring exclusive artworks from 4 talented artists with disabilities – Eugene Soh, Wesley Seah, Ling Teck Mong, and Gregory Burns.

Working with gifted talents locally, ART:DIS is an organisation that champions the cause of individuals with disabilities in the arts sector. Through fostering artistic skills and providing support through structured programmes, ART:DIS not only empowers these gifted artists to voice their unique perspectives, but also offers avenues to transform their passion into sustainable livelihoods.

Through this collaboration, LAC hopes to spotlight the extraordinary talents of these artists, raise awareness about the importance of inclusivity in the arts, and inspire communities to embrace and support individuals with disabilities in their pursuit of passion and profession this festive season. This is also reflected in LAC’s hiring practices, where they currently have 11 employees who are deaf and mute, who have been part of the company for as long as 18 years.

Celebrating Artists From Different Backgrounds

LAC is set to produce 10,000 umbrellas for each design created by the featured artists, and these will be distributed to customers throughout November and December. With a total of 4 distinct designs, one from each artist, LAC will rotate the featured design every two weeks.

In an effort to spotlight the artists, LAC aims to leverage this opportunity to amplify the personalities behind the artworks, offering them a platform to showcase their work to a broader audience.

Abstract – Loyal Blue by Eugene Soh

Eugene, once a physically fit individual faced physical challenges as a result of spinal complications but turned to art for solace. Aa a self-taught artist with a Mathematics degree from the National University of Singapore, he has become a highly sought-after impressionist artist, known for his ethereal works inspired by his deep faith and the works of masters such as Van Gogh.

Fixture of Dreams by Wesley Seah

Once a successful head-hunter with full sight, Wesley faced a life-altering challenge with a rare glaucoma condition, leaving him almost blind. Undeterred, he channeled his resilience into mastering Chinese Ink painting, a therapeutic outlet he discovered in 2015. After refining his skills at LASALLE College of the Arts, Wesley’s evocative art, characterised by dynamic strokes, now extends to colourful acrylic mediums, making him a standout talent at ART:DIS.

Fighting Fish by Ling Teck Mong

From a childhood passion for comic drawing, Teck Mong faced life-changing paralysis from a 1981 road accident. Rather than succumbing to adversity, he immersed himself in art, refining his skills through ART:DIS. Today, his journey of resilience shines through a vibrant portfolio of colored paintings.

East to West Lily by Gregory Burns

Gregory Burns is a Paralympic swimmer with four world records. His artistic journey began in Paris and took root during university, further blossoming during extensive travels through Asia, where he was deeply influenced by the region’s religious and architectural imagery. Completing his Master of Fine Art from the Royal Melbourne Institute of Technology in 1999, this internationally-acclaimed artist, featured on outlets like BBC, Time Magazine, and CCTV, has showcased his work in over 80 exhibitions worldwide, capturing the resilience of the human spirit.

Cynthia Poa, CEO of LAC Global, said of the campaign: “As we approach the festive season, a time of giving and reflection, we at LAC wanted to champion a cause that resonates deeply with us. We chose to support ART:DIS for their admirable mission of empowering artists with disabilities, and our goal is to celebrate the spirit of the season by showcasing these incredible talents. Through this collaboration, we aspire to not only delight our customers but also to amplify the message of inclusivity, diversity, and the enduring beauty of perseverance in the arts.”

Promotion Mechanics & LAC’s Christmas Sale

To own one of these limited-edition UV-protected umbrellas, customers will need to make a minimum purchase of $198 either online or in-stores between 1st November to 31st December to receive the umbrella as a complimentary gift.

Coinciding with LAC’s Christmas Sale which will run throughout November, customers will have the opportunity to stock up on their favourite LAC products or present them as gifts to loved ones with up to 48% off storewide when they purchase 4 items. Receive 28% off on the first and second products, 38% off the third, and 48% off the fourth product to save big while supporting these artists by raising awareness of their artworks.

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

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

Executive Director of Synergy House, Mr. Tan Eu Tah

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

Executive Director of Synergy House, Mr. Teh Yee Luen

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

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

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

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

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

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

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

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

Verofax is selected by PwC Middle East among Top Future50 climatech start-up

DUBAI, UAE, Nov 22, 2023 – (ACN Newswire) – Verofax a compliance and commerce SaaS solution provider has been selected among the top Future50 climate tech start-ups by PwC Middle East to help enterprises’ accelerate on their path to Net Zero.

PWC had scoured the region and short-listed from 500 businesses across 11 categories of impact. Verofax was selected among top 6 Climate Change Management and Report (CCMR) startups for its sustainable traceability solution to help decarbonize industries and enable validated exports in line with recent regulations like EU’s Carbon Border Tax (CBAM).

PwC Middle East revealed the 50 pioneering start-ups in the Middle East at Net Zero Future50′ launch event highlighting the groundbreaking technologies and achievements in climate management and carbon emissions reporting, in addition to opportunities and challenges in growing and scaling climate tech businesses.

Dr Yahya Anouti, Partner at Strategy& and Sustainability Leader at PwC Middle East, said: “Climate tech innovation in the Middle East is being driven by some of the most dynamic entrepreneurs in our region, championing new technologies to accelerate the path to net zero. As we stand just days away from the world’s most important climate conference — COP28, taking place here in the United Arab Emirates, we are excited to shine a light on regional innovators whose organisations, we feel, are making the biggest difference in reducing emissions and accelerating decarbonisation in our region. The PwC Net Zero Future50 – Middle

East report identifies leading organisations in this space, and discusses the challenges they face in their ambition to grow and scale. Their range and diversity highlights the vibrancy of the start-up and small companies scene in the region. “

Verofax’s automates compliance, traceability and verification

As more countries are looking to decarbonize their economy, the EU and US have recently introduced regulations to curb imports of high-emission commodities such as steel, Aluminum, cement, fertilizers, chemicals and energy. The EU Carbon Border Tax regulation came into effect on August 17 and reporting became mandatory for exporters on October 1st. Existing ERP systems are not built to aggregate data across supply chain and prevent double counting. Thus compliance with operational standards for measuring and reporting in accordance with ISO 14064 standards becomes an unsurmountable challenge for exporters needing to have their multi-tier supply chain comply with such operating procedures, which increases cost significantly. Not complying is also not an option with up to 35% of revenue in tariffs levied at

European Union border customs. The problem necessitates commodity passporting and emissions tracking without the risk of double counting.

Wassim Merheby, CEO of Verofax, said, “Existing ERP systems are siloed by design, which hinders the capability of having immutable data and certifications verified on interoperable system for all stakeholders from material collectors to recyclers, exporters, customs and clients. Verofax offers an award-winning Digital Passporting and traceability solution for multi-tier supply chain verification, enabling seamless compliance and verification of Carbon emissions. The Gulf region trails behind India and other markets that recycle up to 80% of targeted commodities. Recycling can reduce emissions by up to 95%, thus markets with lower recycling threshold are at risk of being priced out of the EU market. The UAE for example, exports $1.5B to the EU mainly Aluminum, and recycles under 10% to date. With Verofax emission verification and commodity passporting, exporters have a great opportunity to trail a path towards export growth.”

Patricia Keating, Scale Lead at PwC Middle East, mentioned “In our analyses of the Middle East climate technology landscape, we see the founders of climate tech companies driving innovation that’s helping to reduce emissions and accelerate decarbonisation. We found that the largest share of our NetZero Future50 companies are working ontechnologies within the sectors responsible for most GHG emissions: With Industry, Manufacturing and Resource Management contributing 29% of Middle East GHG emissions and Energy at 46%.”

Verofax Digital passporting & Traceability solution for compliance verification automation ensures the validation of commodities emissions, commodity provenance, prevent recycling double counting, across tiered supply chain. By calculating and verifying low carbon emissions from mining or waste material collection, Recycling, repurposing and transportation, exporters will lower their costs and increase market access to EU & US in compliance with regulations.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with nearly 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

Established in the Middle East for 40 years, PwC Middle East has 30 offices across 12 countries in the region with around 10,000 people. (www.pwc.com/me)

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

About Verofax

Verofax is a compliance and commerce SaaS solution provider, validated by Microsoft and holding PCT patents on Digital passporting, computer vision and AI analytics that enable intelligent supply chain and operations. Fortune 100 enterprises across 50 markets have adopted Verofax solutions for securing their supply chain and connecting directly to customers. Verofax is committed to achieving Net Zero by 2025 and promotes global offset and community relief projects across the globe. Visit https://verofax.com.

For media inquiries, please contact: Wassim Merheby, CEO, Verofax Email: info@verofax.com

Singapore’s Largest Brick-and-Mortar Nutrition Brand LAC Launches Nutrition for Life Campaign, Advocates Holistic Wellness with Minimal Effort

SINGAPORE, Nov 21, 2023 – (ACN Newswire) – Singapore’s largest brick-and-mortar supplement brand, LAC, Leader in Antioxidative Control™, announced the launch of its Nutrition for Life campaign to encourage Singaporeans of all ages to prioritise not only their physical health but also their mental and emotional well-being. This is the first LAC-branded event since the health and wellness brand opened 54 physical stores in Singapore, further increasing its footprint in the region.

Nearly 90% of Singaporeans have indicated that the COVID pandemic has prompted them to reassess their lives, with 41% expressing increased concerns about health issues and the importance of staying healthy. However, the same group of people are finding troubles to do so – the lack of time is seen as the biggest obstacle to manage physical, mental and emotional well-being amongst Singaporeans. In a recent study, more than half of mothers (51%) expressed feelings of stress or finding it challenging to cope, mainly due to juggling between household, work and family responsibilities. Additionally, almost half of all women struggle to allocate time for their physical, mental, and emotional well-being, a sentiment that is also shared by 32% of men.

Taking cue from this pressing need for holistic wellness solutions, LAC’s Nutrition for Life campaign features a range of proprietary blends of supplements aimed to help Singaporeans incorporate supplements into their daily lifestyle to not only improve their physical health, but also to bridge nutritional gaps, manage stress levels and achieve overall holistic health.

“The Nutrition for Life campaign embodies LAC’s commitment to inspire Singaporeans to lead healthier and more fulfilling lifestyles. We believe in empowering individuals to prioritise not just physical health but also mental and emotional well-being. Our range of proprietary blends is a step towards helping people seamlessly incorporate supplements into their daily lives. Instead of popping multiple pills, these exclusive blends formulated with scientifically-proven ingredients encourage easy and fuss-free consumption with just one single supplement that can be consumed on-the-go for multi-hatting Singaporeans,” says Cynthia Poa, CEO, LAC Global.

LAC MASQUELIER’s® French Pine Bark Extract: SUPER ANTIOXIDANT, Perfect for Immunity Boosting

Start the day with Masquelier’s French Pine Bark. As LAC’s best-selling product, over 200,000,000 boxes of Masquelier’s French Pine Bark have been sold worldwide. This gem of a pill offers a holistic approach to beauty that goes beyond superficial enhancements, LAC MASQUELIER’s® French Pine Bark Extract antioxidant work from within, helping individuals to counteract oxidative stress and free radicals that can contribute to premature ageing and other skin-related concerns. Loaded with oligomeric proanthocyanidins (OPCs), a potent antioxidant, the product reduces the amount of free radicals in the body, allowing the body to combat pathogens and infections effectively.

LAC Activated Liver Protector: Promoting Liver Health for Better Sleep and Skin

Persistent issues that seem trivial and insignificant, such as itchy skin, with or without the onset of eczema, along with chronic fatigue, could also spell liver issues. Contrary to popular belief, poor liver function does not just affect those who consume alcohol. Excessive consumption of fatty foods and even long term medication can also stress and burden the liver, weakening its functions and increasing the risk of liver disease. The LAC Activated Liver Protector is a blend of Traditional Chinese Medicinal herbs that can prevent and relieve fatty liver, promote healthy liver function and lower bad blood lipid levels, infused with ingredients such as Hawthorn fruits, lotus leaves, and chrysanthemum flowers to keep the liver healthy.

LAC BrainSpeed: Perfect for Mental Clarity & Concentration

Managing multiple roles often causes us to lose focus and concentration. Also, as we age, so do our brains.

LAC® BrainSpeed invigorates the brain for optimal mental performance with its advanced brain formula. Made with nourishing ingredients containing Ginkgo leaf extract with 24% Ginkgo flavone glycosides and Vitamin B3, BrainSpeed is the perfect supplement to energise the brain by promoting blood and oxygen circulation.

Fast-acting and effective, this energising formula is packaged into caplets. With only a simple step added to our daily regime, BrainSpeed helps the busiest people reduce instances of forgetfulness, promotes ability to cope with mental stress and healthy mood balance, allowing them to take on the world.

LAC Probiotic Complex: Perfect for Gastrointestinal Health

In order to restore good intestinal gut flora, and boost overall gastrointestinal health, LAC introduces the LAC Probiotic Complex, further enhanced with fermented yeast and olive fruit essence to further promote stronger immune responses. It contains 6 strains of Lactobacillus and Bifidobacterium, known as the “good bacteria”, to promote more diverse good bacterial growth within the gut. Infused with indigestible maltodextrin, it acts as a prebiotic to flourish the good bacteria in the intestines, providing support for digestive discomfort and nourishing your gut health from within.

LAC Junior: LAC BrainSpeed® Junior and LAC Probiotic Junior Jelly

Packed with brain-enhancing ingredients like Omega-3 fatty acids DHA and EPA, Phosphatidylserine, and Vitamin B1, the combination of these scientifically proven nutrients in LAC’s BrainSpeed® Junior help to enhance cognitive ability and brain chemical formation to improve brain focus and promote memory. Coupled with other beneficial ingredients such as Vitamin C and Isomaltooligosaccharide, the product provides all-rounded protection for the body and mind, improving adaptation to stress and supporting gastrointestinal and digestive health.

Loaded with 12.5 billion active probiotic cells and a blend of 26 fermented vegetable fruit complex, LAC’s Probiotic Junior Jelly is a delicious and convenient way to support your child’s gut health and digestion. A potent ally for your child’s health, a strong and balanced gut can help in building a resilient immune system, minimising the risk of illnesses, especially crucial during pivotal moments like exams when falling sick can derail their preparations and performance.

kkplus kidsland launches Hong Kong’s first Christmas large-scale Care Bears project, Turnover exceeds HK$1 million in the first weekend

HONG KONG, Nov 17, 2023 – (ACN Newswire) – kkplus kidsland, a trendy toy platform of Kidsland International Holdings Limited (“Kidsland” or the “Group”; stock code: 2122), the largest toy retailer and distributor in China, partnered with Champion REIT (stock code: 2778) to bring about the popular IP Care Bears(TM) at Grand Atrium, 4th Floor, Langham Place from 10 November to 1 January. This is the first Christmas large-scale Care Bears project in Hong Kong. The program achieved an impressive sales performance of over HK$1 million during the first weekend, having seized the opportunities presented by the trend and the new generation of customers.

Care Bears originated from the American greeting card designs of the 1980s. Each character has a different color and pattern, making them highly sought after by the new generation of customers. This project integrates the millennium Y2K elements as the core of the design, with the “Care Bears Express” Christmas train as the theme, creating a series of festival-themed photo opportunities. As well as 30 Care Bears in different roles and a special train compartment with 300 Care Bears, there is a giant two-meter high Grumpy Bear, a five-meter high giant Christmas tree, and a 40-meter Care Bears rainbow ladder. In addition, a pop-up store has been set up to attract Generation Z with over 100 kinds of Care Bears products and winter fashion items, allowing them to take photos and shop.

Mr. Lee Ching Yiu, Chairman and CEO of Kidsland, said, “Through the trendy toy platform kkplus kidsland, Kidsland actively cooperates and interacts with brands from different fields, aiming to bring trendy and collectible toy products from around the world to customers. In view of the consumption potential of the new generation, the Group is offering a Y2K experience with Langham Place, a trendy hotspot for chic consumers that is popular among young customers. This initiative aims to meet market needs and trends, helping the Group expand its customer reach and drive sales growth.”

kkplus kidsland is a multi-brand trendy and collectible toy platform that offers unique product categories and an art gallery-style shopping experience. In addition to local brands in Hong Kong, it also collaborates with international brands from the United States and Japan, including the launch of a number of products in collaboration with well-known IPs that are popular worldwide, such as Creamy Mami, Care Bears, Lulu the Piggy, Leeeeeetoy, etc. The Group continues to innovate and now has a diversified product portfolio of more than 20 brands from around the world and 15 local brands, catering to different tastes and preferences and tapping into the fast-growing trendy toy market.

“Care Bears Express” Christmas train lighting ceremony marks the beginning of the event.

About Kidsland International Holdings Limited(stock code: 2122)

Kidsland International Holdings Limited (“Kidsland” or “the Group”) is engaged in the retail, wholesale, e-commerce and brand operation of toys and related lifestyle products in China. As a leading toy retailer and distributor in China, Kidsland has over 20 years of industry experience and represents a portfolio of world-renowned, category-leading brands. The Group owns a well-established online and offline sales network in China. Currently, its self-operated offline retail system includes kidsland stores, LEGO Certified Stores, FAO Schwarz flagship store and kkplus kidsland.

Media Enquiry:

Strategic Financial Relations Limited

Vicky Lee Tel: (852) 2864 4834 Email: sprg_kidsland@sprg.com.hk

Katrina Hui Tel: (852) 2114 4318 Email: sprg_kidsland@sprg.com.hk

http://www.sprg.asia

USPA Global Launches USPA 1890 Fragrance for Holiday, a Classic, Sport-Inspired Scent Made for Champions

West Palm Beach, FL, Nov 14, 2023 – (ACN Newswire) – USPA Global today announced the launch of USPA 1890 fragrance in time for the holidays. From the long-standing brand that brings together elite athletes and champion horses, the award-winning “USPA 1890” is the latest classic, sport-inspired American fragrance for men. USPA 1890 will launch globally in 2024.

Inspired by and made for champions, the crisp, fresh scent of the USPA 1890 Eau de Toilette embodies the athletic skill and fierce competition of the game. Evoking the great outdoors, this multifaceted fragrance epitomizes the sport, fashion, and vitality of those who possess a sense of adventure and a winning spirit.

Classified as a woody aromatic, the USPA 1890 scent opens with a citrus zest of bergamot fused with juniper, elemi, and lavender. Clary sage and eucalyptus evoke cooling, herbal effects wrapped with oak moss, warm amber, and upcycled cedarwood leaving a signature essence with sporty, sophisticated appeal.

Sports fans and consumers alike can wrap themselves in the winning spirit of USPA 1890 fragrance in select stores and online at USPA 1890 fragrance. With the sport-lifestyle brand’s signature red, white, and blue stripe on the fragrance’s glass bottle, consumers can own a piece of the sport with USPA 1890’s 3.4 fl. oz. eau de toilette spray, or the 4-piece gift set with the 3.4 oz. eau de toilette spray, a .25 travel mini spray as well as a body spray and shower gel. These options and others, some including gifts with purchase like a USPA duffle, are the perfect holiday gifts for friends and family this season.

USPA 1890 has recently won the prestigious 2023 Beauty and Wellness Award, Fragrance for Men from POLO & Lifestyle Magazine. The Beauty and Wellness Awards celebrate and encourage the use of all varieties of skincare, beauty, and tools while spotlighting the market-leading companies that stand above their competition and provide quality products in their field. Winners were selected by a global judging panel after months of product usage and evaluation.

About USPA Global

USPA Global is the for-profit subsidiary of the USPA and manages the sport-inspired multi-billion-dollar USPA brand, providing the sport with a long-term source of revenue. USPA Global is also the parent company of Global Polo Entertainment (GPE), which broadcasts the sport globally to millions of viewers on ESPN and multiple other platforms.

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

Kaela Drake
PR & Communications Specialist
kdrake@uspagl.com
+001.561.461.8596

UNIQLO Creates Over 1,000-Square-Meter ‘LifeScape’ Booth for China International Import Expo 2023

Shanghai and Tokyo, Nov 6, 2023 – (JCN Newswire) – Global apparel retailer UNIQLO has officially launched its more than 1,000-square-meter LifeScape booth at the 2023 China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai. LifeScape presents a new vision for lifestyles and retail, showcasing the technological advances of UNIQLO LifeWear – simple, high-quality everyday wear that enhances the lives of all people with a practical sense of beauty and sophisticated design. Following a media preview on Sunday, LifeScape is now open to visit for the general public.

“As a global apparel brand, and based on our LifeWear philosophy, UNIQLO is committed to making everyone’s life better through the power of clothing. We are happy to once again be participating in CIIE in 2023, and are excited to showcase the ongoing evolution of LifeWear to customers in China and around the world,” said Jalin Wu, Executive Officer of Fast Retailing Group and Chief Marketing Officer of UNIQLO Greater China. “Bringing RE.UNIQLO STUDIO to CIIE for the first time alongside such new store concepts as UNIQLO FLOWER and UNIQLO COFFEE, we are taking this opportunity to show Chinese customers our vision for new forms of lifestyles and retail.”

The theme of this year’s CIIE is “New Era Shared Future.” Exhibiting at CIIE for the fourth time this year, UNIQLO’s LifeScape features distinctive zones that showcase new LifeWear products developed through technological advances, demonstrating how these innovations fit into daily life. At the booth, visitors are able to walk through creative installations and technology displays, across winter snow and cool summer, from nature to the city, exploring the many possibilities offered by LifeWear. Additionally, the UNIQLO booth takes CIIE beyond Shanghai, by playing host to a special space for LiveStation – UNIQLO’s livestreaming shopping and style advice program that can be viewed anywhere by customers.

Epitomizing fashion, technology, and sustainability

Showcasing the evolution of LifeWear, on display are a range of products that epitomize fashion, technology, and sustainability. Visitors to LifeScape are welcomed by the latest Ultra Light Down, HEATTECH, and Fleece offerings, in addition to PUFFTECH garments, which are new for the 2023 Fall/Winter season and utilize air heating technology, and the China debut of Powder Soft Down.

Powder Soft Down features superlative softness, lightness, and warmth through NANODESIGN™ technology developed in collaboration with world-leading materials manufacturer Toray Industries. Available in a rich array of colors, the jacket also features water-resistant and anti-static functionalities, and is easy to clean. Also featured at UNIQLO’s LifeScape are the latest multi-functional Ultra Light Down products that are remarkably lightweight, warm, compact, portable, and water-repellent, as well as featuring an anti-static lining.

In addition, the latest iterations of UNIQLO essentials, including Fleece and HEATTECH items, also feature at LifeScape. Building on 20 years of HEATTECH innovation, on display is a new Ultra Light Turtleneck Long-Sleeve T-Shirt made of fabric that is 20% lighter than regular HEATTECH.

UNIQLO’s repair, remake, and reuse service RE.UNIQLO STUDIO is also on display at LifeScape, with visitors able to experience the service themselves by remaking a tote bag. RE.UNIQLO STUDIO currently operates in 13 markets and regions globally, in over 30 in-store locations. With interest in sustainability activities growing across China, seen through the positive customer response to the service in the UNIQLO Shanghai Global Flagship Store, RE.UNIQLO STUDIO will continue its expansion internationally.

Finally, LifeScape is also a showcase for seamless integration of technology into the UNIQLO customer experience. Visitors are able to use their devices to scan codes on highlighted items for more information, as well as add their favorite items to their shopping basket on the spot, enjoying sales as part of UNIQLO’s Double 11, or Singles’ Day, promotion taking place from November 1 to 16.

About UNIQLO and Fast Retailing

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading Japanese retail holding company with global headquarters in Tokyo, Japan. UNIQLO is the largest of eight brands in the Fast Retailing Group, the others being GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand and Helmut Lang. With global sales of approximately 2.77 trillion yen for the 2023 fiscal year ending August 31, 2023 (US $18.92 billion, calculated in yen using the end of August 2023 rate of $1 = 146.2 yen), Fast Retailing is one of the world’s largest apparel retail companies, and UNIQLO is Japan’s leading specialty retailer.

UNIQLO continues to open large-scale stores in some of the world’s most important cities and locations, as part of its ongoing efforts to solidify its status as a global brand. Today the company has a total of more than 2,400 UNIQLO stores across the world, including Japan, Asia, Europe and North America. The total number of stores across Fast Retailing’s brands is now close to 3,600.

With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. For more information about UNIQLO and Fast Retailing, please visit www.uniqlo.com and www.fastretailing.com.

For media queries, please contact: Fast Retailing Global Corporate PR at fr_corporate_pr@fastretailing.com

Greenridge Global Initiates Equity Research on Society Pass Inc (Nasdaq: SOPA): Loyalty Wallet-Based eCommerce Ecosystem & Influencer Advertising Agency Poised For Outsized Growth In Fast Growing Southeast Asia

NEW YORK, Nov 2, 2023 – (ACN Newswire) – Greenridge Global LLC (“Greenridge Global”) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Society Pass website) to view the full Greenridge Global Equity Research Report.

Summary Points:

• Valuation: Greenridge Global initiates coverage with a target price based on an EV/Revenue multiple of roughly 3 times 2025 Revenue estimate of $33.3 million, discounted back one year at 20%. The mix of social/influencer advertising and a loyalty-driven eCommerce ecosystem present a unique opportunity to capture this growth, and collect an abundance of data that can be monetized down the road. Greenridge Global believes the market is not fairly valuing SoPa’s assets at this time and believe listing some of its subsidiaries provides greater transparency to SoPa’s overall business model.

• SEA is Ideal Market for SoPa: SoPa is uniquely positioned to capitalize on the young and rapidly growing digitally-connected population in SEA, which is poised to see among the highest GDP growth rates over the next handful of years, while having arguably less geopolitical risk than other countries.

• Loyalty Wallet to Drive Revenues Growth: The Company launched its Society Points Loyalty Wallet in June 2023 and should have all of its subsidiaries linked by the end of 2023, which should boost sales across businesses, increase retention and offer unique advertising opportunities to the 3.3 million users of its companies.

• Thoughtful Media Expected to See Substantial Revenue Generation: Thoughtful Media is in the early stages of rapid expansion, through strategic bolt-on acquisitions and opening new regional offices, all of which should result in substantial Revenue growth in the next few years.

• SEA Unbanked Population Offers Growth Potential for SoPa: Roughly 70% of Southeast Asia’s population is unbanked or underbanked, making the payment options of the Loyalty Wallet a starting point for the Company to deliver different financial service options to its users.

• Acquisitions to Drive NusaTrip Growth: The recent VLeisure acquisition and early rollup stages of traditional travel agencies, coupled with the mobile access Gorilla’s eSIM brings should turn NusaTrip into a holistic travel booking destination for the SEA region, which has seen rapid increases in travel post-Covid.

• Expected Capital Markets Activities in 2024 to Unlock Value: SoPa is in the midst of listing two of its key assets, Thoughtful Media and NusaTrip, which should enhance the valuation of these assets, as well as provide for more diverse funding and M&A options.

About Greenridge Global LLC

Greenridge Global was founded in June 2012 with the aim of providing a range of institutional services to small cap and Asian-based companies who have been abandoned by traditional broker-dealers. Greenridge’s growing team has a rich history of working in buyside, sell-side and investment banking capacities in the US and Asia, enabling it to have a broad network of investors and industry partners. We look forward to providing a high level of value added service to our corporate and investor clients around the world. For more information on Greenridge Global, please visit: Website at https://www.greenridgeglobal.com/home.html.

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 Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 5 interconnected verticals (loyalty, digital media, travel, telecoms, and lifestyle), 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 3.7 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/.

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. 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 Contact:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

Verofax Wins at Emirates Global Aluminum Ramp-Up Programme 2023

ABU DHABI, UAE, Nov 2, 2023 – (ACN Newswire) – Verofax, an award-winning product validation and traceability solution provider, is thrilled to announce its selection as one of the top three winners of the Emirates Global Aluminum (EGA) Ramp-Up Programme. The programme attracted over 600 startups from around the globe, all vying for a chance to make a significant impact in the industry.

About the EGA Ramp-Up Programme

Emirates Global Aluminum, the largest industrial company in the United Arab Emirates outside of oil and gas, initiated the EGA Ramp-Up Programme to nurture the next generation of entrepreneurs. These businesses are expected to contribute to economic growth and job creation, particularly in the realm of low-emission commodity exports.

The programme, supported by C3, consisted of a three-month series of customized workshops focusing on business and impact for 20 finalist startups. These workshops were aligned with EGA’s strategic objectives of promoting growth and sustainability.

Verofax’s Unique Contribution

Verofax’s commodity validation and traceability solution empowers exporters to automate compliance and streamline border clearance at customs in regulated markets. This is particularly crucial given the European Union’s recent introduction of Carbon Border Tax regulations, which impose tariffs of up to 35% on non-compliant exporters of high-emission commodities like steel and aluminum.

Wassim Merheby, CEO of Verofax, said, “We are very excited to have won the EGA challenge for Growth and Impact. This win underscores EGA’s commitment to low-emission commodity manufacturing. We are thrilled to promote regional exports from the Middle East with our seamless validation and traceability solutions. The EU imports of targeted high-emission commodities amount to over $80 billion, mostly catered today by China and Russia. The new regulations open doors for near-shore exporting countries like the UAE and Saudi Arabia to benefit and increase exports.”

A Commitment to Sustainability and Growth

Abdulnasser bin Kalban, Chief Executive Officer of EGA, said, “Our goal with EGA Ramp-Up is to contribute further to the UAE’s economic diversification and development by supporting innovative young entrepreneurs to launch their impact-driven and sustainability-focused businesses. We hope our support will enable these companies to thrive and that some may even become EGA suppliers, further increasing our local procurement and supporting ‘Make it in the Emirates’ and achieving the UAE’s Operation 300bn industrial growth strategy.”

As part of the Entrepreneurial Nation strategy, EGA Ramp-Up supports achieving the Centennial 2071 goal of increasing entrepreneurship in the UAE.

“These startups represent some of the most promising talent in the UAE, and C3 is thrilled to have partnered with EGA to equip them with the tools needed to accelerate their businesses. Through our tailored mentorship programme, we have nurtured their growth trajectory, enabling them to create lasting impact,” said Kevin Holliday, Managing Director of C3 – Companies Creating Change.

About EGA

EGA is a global leader in aluminum production, with operations in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine and associated export facilities in the Republic of Guinea. EGA is committed to reaching net-zero greenhouse gas emissions from its operations and supply chain by 2050. Visit http://www.ega.ae/en/ramp-up.

About Verofax

Verofax is a compliance and commerce SaaS solution provider, validated by Microsoft and holding four patents on AI analytics that enable intelligent supply chain and operations. Fortune 100 enterprises across 50 markets have adopted Verofax solutions for securing their supply chain and connecting directly to customers. Verofax is committed to achieving Net Zero by 2025 and promotes global offset and community relief projects across the globe. Visit https://verofax.com.

For media inquiries, please contact:
Wassim Merheby
CEO, Verofax
Email: info@verofax.com

Society Pass Inc (Nasdaq: SOPA) Awarded the 2023 APEA Fast Enterprise Award for E-Commerce Category

SINGAPORE, Nov 1, 2023 – (ACN Newswire) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that it received the Enterprise Asia’s 2023 “Fast Enterprise Award for E-Commerce” award. The Asia Pacific Enterprise Awards (APEA) ceremony was held on 05 October 2023 at the Log Hotel in Ho Chi Minh City, Vietnam.

SoPa CFO, Tan Yee Siong, accepting Fast Enterprise Award for E-Commerce

Through the prestigious APEA programme, Enterprise Asia recognizes entrepreneurial excellence throughout the Asia Pacific region. APEA aims to band leading entrepreneurs and organizations across Asia to spur greater innovation, fair practices and growth in entrepreneurship, creating a successful entrepreneurial ecosystem which will then shape Asia to sustainable economic and social growth. APEA honors business leaders and organizations who have shown outstanding performance and tenacity in developing successful businesses, whilst not neglecting the social responsibilities that come with leadership.

Tan Yee Siong, Chief Financial Officer of SoPa, comments, “We are very proud to receive this Fast Enterprise Award for the e-commerce category from Enterprise Asia. It is a reflection and recognition of the effort and hard work that our teams across the ecosystem deliver daily. We significantly invest into recruitment, training and implementing best practices across our operations. The benefits are already reflected in the growth of our company, but it is especially rewarding to be recognized for those efforts by APEA. We continue to deliver and hope to be nominated again across other categories in the years to come.”

Kevin Vong, Executive Director of Enterprise Asia, said, “APEA’s goal is to recognize enterprises and business leaders who have shown outstanding track records, perseverance and growth. It is our great pleasure to congratulate Society Pass Incorporated for being selected as the winner under the e-Commerce Industry of the prestigious Asia Pacific Enterprise Awards (APEA) 2023.”

About Enterprise Asia

Enterprise Asia is a leading non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For more information on Enterprise Asia, please visit: https://www.enterpriseasia.org/.

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 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 3.6 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; and NextGen Retail, a Indonesia-based e-commerce platform.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com