Singaporean Startup ONEVIEW Secures Seed Funding of S$4 Million, to Revolutionise Document Management and Bill Payment Industry in Southeast Asia

  • ADERA Global, Beyon Connect and Cumulo9 to invest S$4 million in Singapore-based startup, ONEVIEW
  • ONEVIEW is aligned with Singapore’s smart nation and digitization efforts, providing a simple, secure and convenient communication platform and helping to reduce paper waste, assisting Singapore to go green and support NEA’s sustainability efforts
  • ONEVIEW aims to bring convenience to users by allowing them to access all their important documents such as bills, statements, official documents, in one single secure, spam-free app
  • The seed funding will establish the startup and services in Singapore, acting as a test bed for the market and creating a benchmark for the Southeast Asia region
  • ONEVIEW will bring benefits to both consumers and document senders by offering cost savings, convenience, and greater visibility into transactions

Singapore, June 7, 2023 – (ACN Newswire) – Singapore-based start-up, OneView Pte Ltd (“ONEVIEW”), is pleased to announce that it has secured S$4 million in seed funding from ADERA Global, Beyon Connect, part of the Beyon Group, and Cumulo9 to introduce an innovative digital platform for secure communication of documents and facilitating value-added e-services.

Christian Rasmussen, CEO Beyon Connect, Marvin Tan, Executive Director ADERA Global, Chris Hogg, CEO Cumulo 9

ONEVIEW’s innovative platform aims to revolutionise bill payments by transforming the interaction between consumers and senders, thereby simplifying everyday digital communications with a more convenient, sustainable, and spam-free experience.

ONEVIEW plans to roll out digital post box and communication services by the end of the year in Singapore, enabling users to easily access their documents and communications from multiple billers and senders within a single app.

Using Singapore as a testbed for the Southeast Asian region, ONEVIEW aims to set the benchmark for innovative, eco-friendly digital solutions that improve people’s lives. By partnering with key players in the industry such as ADERA Global, Beyon Connect, and Cumulo9, ONEVIEW’s platform offers a comprehensive solution that meets the needs of both consumers and senders.

Lead Investors in the Seed Funding Round

ADERA Global, headquartered in Singapore, is a leader in data security and automation, serving global banks, financial institutions, telecommunications and government agencies around the world.

Beyon Connect, part of the Beyon group based in Bahrain, is a provider of new technologies with great innovation potential, Software-as-a-Service platforms, and advanced IT solutions for both the public and private sectors in the MENA region.

New Zealand-based Cumulo9 provides business services for the digital delivery of transactional documents, as well as CCM (Customer Communications) solutions throughout APAC.

Aligning with Singapore’s Smart Nation Vision and Accelerating Digitalisation

Singapore has set its sights on becoming a world-class, tech-driven city-state. The vision for a digital-first Singapore is one where a Digital Government, Digital Economy and Digital Society harness technology to effect transformation in health, transport, urban living, government services and businesses. The Singapore Government has made bold strides and steady progress in its digitalisation blueprint.

Aligned with this vision for a digital-first Singapore, ONEVIEW aims to enable effective and secure communications between government, agencies, business enterprises and individuals in Singapore. The platform is designed to simplify secure document transmission and encourage greater digitization of utilising embedded e-services to fulfill actions such as payments, document verification and other value-added services.

Utilising ONEVIEW’s digital postal solutions, customers can harness its technology for greater personalisation and convenience, making it intuitive for each individual user to view their digital postal communications, all at one glance.

Enhancing Sustainability and Simplifying Everyday Digital Communications

Green economic growth is an important part of Singapore’s national agenda on sustainable development, where the Singapore Green Plan 2030 aims to harness technology-driven solutions to “secure a green, liveable, and sustainable home for generations of Singaporeans.

ONEVIEW is committed to going green and minimizing paper waste, aligning with Singapore’s environmental initiatives. By providing documents such as digital billing statements and providing easy payment options, the joint venture aims to encourage more consumers to make the switch to paperless billing.

In Singapore, paper is one of the most common type of waste and in 2021, there was about 1.136 million tonnes of paper and cardboard waste generated.

With this digital postal solution, ONEVIEW will reduce the need for paper bills, thus reducing carbon footprint and promoting sustainability.

“Our mission is to revolutionize the way people pay and manage their important documents such as bills, while also helping Singapore achieve its vision of becoming a Smart Nation,” said LEE Kok How, CEO of ONEVIEW. “Our app is designed to simplify the process, save users time and hassle, and help them stay on top of their action items, such as payments, with ease. With the support of our investors, we are confident that our platform will set a new standard for digital bill payment services in the region, while contributing to Singapore’s vision of a Smart Nation.”

Christian Rasmussen, CEO of Beyon Connect said, “At Beyon Connect, our DNA is rooted in digital innovation and sustainability. We are thrilled to align with ADERA Global and Cumulo9, who share our passion for creating highly secure digital postboxes and communication platforms. Together, we will continue to revolutionize the way people communicate and connect via the ONEVIEW platform in the ASEAN region.”

Beyon Chief Digital Growth Officer – Shaikh Mohamed bin Khalifa Al Khalifa added, “We are extremely proud to see our digital postbox and communications innovations being used as the foundation for ONEVIEW, in a digitally mature society like Singapore. This marks a significant milestone for Beyon Connect and reinforces our commitment to driving digital transformation globally.”

Cumulo 9’s Chris Hogg added, “As a company that is committed to providing cutting-edge solutions that help businesses thrive in a digital age, we are pleased to support ONEVIEW in its mission to digitize bill payment management in Southeast Asia.”

“As a global leader in digital transformation, ADERA Global is excited to partner with ONEVIEW in their mission to revolutionize communications, document management and value-added services such as payments in Southeast Asia,” said ADERA Global’s Executive Director Marvin Tan. “We believe that ONEVIEW has the potential to set a benchmark in the region and transform the way people manage their bills and documents.”

For more information on ONEVIEW, please visit: https://oneview.sg/

Issued on behalf of ONEVIEW by 8PR Asia Pte Ltd.

Media Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com



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

Society Pass Inc (Nasdaq: SOPA)/Thoughtful Media Group Inc Acquires Newave Strategic, leading Indonesia-based KOL Management Agency; Onboards +10,000 Indonesia-based Influencers

  • Thoughtful Media Group Inc acquires second company in Indonesia, Newave Strategic, a leading KOL management agency in Indonesia
  • TMG onboards +10,000 Indonesia-based influencers onto its digital advertising platform with acquisition
  • Post acquisition, Newave is re-branded as Thoughtful Media Indonesia and its leadership and employees are fully integrated into Thoughtful Media regional operating structure
  • Thoughtful Media Indonesia forecasts continued compelling revenue growth in 2023 and beyond

JAKARTA, May 31, 2023 – (ACN Newswire) – Thoughtful Media Group Inc (“Thoughtful Media” or “TMG”), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of Newave, the go-to advertising platform for nano and micro influencers (KOLs with under 100,000 followers) in the Indonesian social media scene. Newave’s +10,000 influencers on its talent roster turbocharges TMG’s social commerce advertising business in both Indonesia and SEA.

Founded in 2017, Newave has ridden the popularity of social media and social commerce in Indonesia advertising market. Newave Head of Strategy, Ilhamka Nizam, explains, “According to Datareportal, 68% of Indonesians or 191 million people are on social media as of January 2022. Covid drove millions of Indonesians to shop online for more than 3 hours daily via their social media. Naturally, brands increased their marketing budgets every year since Newave was founded. For 2023, we expect Indonesia-based brands to invest more than 30% of their marketing budget on influencer marketing.”

To meet demand for influencers from increasing advertising budgets, Newave focused on identifying and servicing up-and-coming nano and micro influencers as these KOLs represents 66% of all influencers in Indonesia according to INSG.CO. Newave Co-Founder, Bunga Nizam, comments, “When we founded Newave, we realised that onboarding hundreds and thousands of nano and micro influencers is the unique selling proposition that sets Newave from other so-called influencer marketing companies. Why? Because it is easier to make your audience engage with your content if you share a familiarity with them. And how does one share familiarity with the audience? In essence, nano and micro influencers, comprised of family and friends and not celebrities, personalise advertising content. In addition, advertisers can deploy specifically tailored marketing campaigns as often as they want with a cheaper budgets and optimised results. As a result, we have been fortunate to onboard more than 10,000 influencers onto our talent roster.”

Ms. Pamela Aw-Young, TMG Vice-Chairman, exclaims, “TMG is ecstatic to welcome Newave onto our ever-expanding TMG regional platform. By merging Newave’s dominant position in the nano and micro influencer space with TMG’s social commerce focused ecosystem, we provide additional channels for regional and local brands to market their products and services. Since our parent company, SoPa, acquired TMG in July 2022, TMG has grown from strength to strength with headcount growing from a dozen professionals to over 60 staff in just under a year. We look to triple our revenues year-on-year in 2023. As we enter Philippines, Singapore, and Malaysia markets in 2H 2023, TMG is uniquely positioned to be the premier SEA regional digital advertising agency offering a significant value proposition for advertisers, merchants and influencers in SEA’s biggest economy.”

Newave Co-Founder, Bulan Nizam, adds, “Newave is proud to become an integral part of TMG and SoPa. TMG’s broad advertising network and SoPa’s extensive user and merchant bases in SEA allow us to fully become the premier digital advertising company in the world’s fourth most populous country. Thoughtful Media Indonesia is well positioned to generate significant revenues in 2023 and occupies a central position in Indonesia’s large and fast-growing digital advertising market.”

About Thoughtful Media Group Inc (TMG)

Founded in 2010, Thoughtful Media Group Inc is a leading digital advertising platform in SEA. Through our network of talented creators across multiple industries in Thailand, Vietnam and Indonesia, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In 2022, Society Pass Inc (Nasdaq: SOPA), SEA’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, acquired Thoughtful Media Group. Since then, we have fully evolved into a digital-first and fully integrated advertising powerhouse. For more information, please check out our website: www.thoughtfulmedia.com.

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 shares were added to the Russell 2000 index in December 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 Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; and Mangan.ph, a leading local restaurant delivery service 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

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



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

VinFast To Publicly List Through Business Combination With Black Spade Acquisition Co

HONG KONG, May 12, 2023 – (ACN Newswire) – VinFast Auto Pte. Ltd. ("VinFast" or "the Company"), and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced today that they have entered into a business combination agreement. After the transaction, VinFast will have an equity value of over US$23 billion and be listed in the U.S.


Representatives of Vingroup, VinFast and Black Spade at the Signing Ceremony


The business combination values VinFast at an enterprise value of approximately US$27 billion and an equity value of US$23 billion, not including cash from BSAQ's approximately US$169 million of cash in trust (assuming no Black Spade shareholders elect to have their Black Spade shares redeemed for cash as permitted).

The transaction is expected to close in the second half of 2023, subject to regulatory and shareholder approvals, and other customary closing conditions. After the transaction, existing shareholders of VinFast will hold approximately 99% shares of the combined company.

Madame Thuy Le, Global CEO of VinFast Auto Pte. Ltd., said: "VinFast has already demonstrated the ability to quickly reach international markets. The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions and is also an important accomplishment for Vingroup."

Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition Co, shared, "VinFast has demonstrated their execution excellence by building up a maximum production facility of up to 300,000 electric vehicles (EVs) a year and having a full range of beautifully designed high quality EVs, all within the span of a few years. With the support of Vingroup, one of the largest conglomerates in Vietnam, VinFast is very well positioned to take advantage of the EV lifestyle trend and we are very excited about the future potential growth of VinFast in Vietnam and globally."

VinFast, a member of Vingroup, was founded in 2017 and envisioned to drive the movement of global smart electric vehicle revolution. VinFast manufacturers and exports a full portfolio of e-SUVs, e-scooters and e-buses across Vietnam, North America, and, soon, Europe. The Company operates a state-of-the-art automotive manufacturing complex in Hai Phong that boasts up to 90% manufacturing automation and annual production capacity (i.e. maximum number of vehicles that can be constantly manufactured in a year with additional shifts per day throughout the year) of up to 300,000 units in phase 1.

VinFast is committed to its mission of creating a sustainable future for everyone. The Company converted into a fully EV manufacturer in 2022, and has delivered four EV models: VF e34, VF 8, VF 9 and VF 5 to customers in Vietnam to date. VinFast recently crossed an important milestone on the journey to becoming a recognized global EV brand with the first VF 8 EVs exported to North America earlier this year.

Black Spade, listed on the NYSE, was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio.

Additional information about the proposed transaction, including a copy of the business combination agreement, is available in Black Spade's Current Report on Form 8-K, filed on May 12, 2023 with the Securities and Exchange Commission ("SEC") at www.sec.gov, and will be available on the VinFast investor relations page at www.vinfastauto.com.

More information about the proposed transaction will also be described in VinFast registration statement that include BSAQ's proxy statement and VinFast's prospectus relation to the business combination, which will be filed with the SEC.

About VinFast
VinFast – a member of Vingroup – is the leading Vietnamese automotive manufacturer, committed to its mission of creating a green future for everyone. VinFast manufacturers and exports a full portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. Learn more at www.vinfastauto.com.

About Black Spade Acquisition Co
Black Spade Acquisition Co ("BSAQ") is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). Listed on the NYSE, BSAQ was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Learn more at: https://www.blackspadeacquisition.com/.

Advisors
Chardan is serving as M&A advisor to VinFast and JonesTrading Instituional Services is serving as financial advisor to Black Spade.

Forward-Looking Statements Legend
This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between VinFast Auto Ltd. (the "Company") and Black Spade Acquisition Co ("Black Spade"), including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, the Company or Black Spade's expectations concerning the outlook for the Company's business, productivity, plans and goals for product launches, deliveries and future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the Company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are their managements' current predictions, projections and other statements about future events that are based on current expectations and assumptions available to the Company and Black Spade, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed transaction may not be completed within the prescribed time frame, which may adversely affect the price of Black Spade's securities, (ii) the risk that investors of the Company may not receive the same benefits as an investor in an underwritten public offering, (iii) the risk that the Black Spade securities may experience a material price decline after the proposed transaction, (iv) the adverse impact of any shareholder litigation and regulatory inquiries and investigations on the Company's business, (v) a reduction of trust account proceeds and the per share redemption amount received by shareholders as a result of third-party claims, (vi) the risk that the transaction may not be completed by Black Spade's business combination deadline and an extension period, (vii) the risk that distributions from trust account may be subject to claw back if Black Spade is deemed to be insolvent, (viii) the ability of the Company to get approval for listing of its ordinary shares and warrants and comply with the continued listing standards of the Nasdaq, (ix) the failure to satisfy the conditions to the consummation of the transaction, certain of which are outside of Black Spade or the Company's control, (x) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (xi) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (xii) risks associated with being a new entrant in the EV industry, (xiii) the risks that the Company's brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (xiv) the Company's ability to successfully introduce and market new products and services, (xv) competition in the automotive industry, (xvi) the Company's ability to adequately control the costs associated with its operations, (xvii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xviii) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xix) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity within Vietnam timely and within budget, (xx) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xxi) the demand for, and consumers' willingness to adopt EVs, (xxii) the availability and accessibility of EV charging stations or related infrastructure, (xxiii) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xxiv) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations or cash flows, (xxv) battery packs failures in the Company or its competitor's EVs, (xxvi) failure of the Company's business partners to deliver their services, (xxvii) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company's EVs or operations, (xxviii) the risk that the Company's research and development efforts may not yield expected results, (xxix) risks associated with autonomous driving technologies, (xxx) product recalls that the Company may be required to make, (xxxi) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxxii) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates and (xxxiii) conflicts of interests with or any events impacting the reputations of Vingroup affiliates or unfavorable market conditions or adverse business operation of Vingroup and Vingroup affiliates. The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's registration statement on Form F-4 to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, and other documents filed by the Company and/or Black Spade from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. The Company and Black Spade assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither the Company nor Black Spade gives any assurance that either the Company or Black Spade will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Black Spade or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It
This document relates to a proposed transaction between the Company and Black Spade. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a registration statement on Form F-4 that will include a proxy statement of Black Spade and a prospectus of the Company with the SEC. After the registration statement is declared effective, the definitive proxy statement/prospectus will be sent to all Black Spade shareholders as of a record date to be established for voting on the proposed transaction. Black Spade also will file other documents regarding the proposed transaction with the SEC. This document does not contain all the information that should be considered concerning the proposed transactions and is not intended to form the basis of any investment decision or any other decision in respect of the transactions. Before making any voting or investment decision, investors and shareholders of Black Spade are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Black Spade through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Black Spade may be obtained free of charge from Black Spade's website at https://www.blackspadeacquisition.com/ or by written request to Black Spade at Black Spade Acquisition Co, Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central Hong Kong.

Participants in Solicitation
Black Spade and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Black Spade's shareholders in connection with the proposed transaction. Information about Black Spade's directors and executive officers and their ownership of Black Spade's securities is set forth in Black Spade's filings with the SEC, including Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.


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

BrickMark Group Announces Strategic Partnership with PreIPO.com to Expand Access to Tokenized Real Estate

Boca Raton, FL, Z├╝rich , May 9, 2023 – (ACN Newswire) – BrickMark Group AG ("BrickMark Group"), a global pioneer in the tokenization of real estate assets, today announced a strategic partnership with PreIPO Corporation ("PreIPO.com"), a leading platform for investing in private companies before they go public. This collaboration aims to provide expanded access to tokenized real estate investments for accredited investors worldwide.

The partnership brings together BrickMark's expertise in tokenizing real estate assets and PreIPO.com's established platform to allow accredited investors to access high-growth private companies. By joining forces, the two companies will enable accredited investors to easily invest in tokenized real estate, creating a unique opportunity to diversify their portfolios with the world's largest asset class.

"We are excited to partner with PreIPO.com and leverage our platforms to reach a wider audience of accredited investors interested in digital real estate investments," said Stephan Rind, CEO and Founder of Brickmark. "Our mission is to unlock the vast potential of the real estate market through tokenization, and this partnership brings us closer to that goal. With this partnership two of the leading FinTech platforms in Europe and North America join forces to strengthen their distribution network between two continents."

Through this collaboration, BrickMark and PreIPO.com will offer the following benefits to investors:
– Expanded Access: Accredited investors will be able to invest in tokenized real estate assets alongside private companies on the PreIPO.com platform.
– Enhanced Diversification: Investors can diversify their portfolios by adding tokenized real estate to their existing investments in private companies.
– Streamlined Transactions: The partnership simplifies the process of investing in tokenized real estate, providing a seamless experience for accredited investors.

"Stephan Rind and the Brickmark team have built an impressive platform that unlocks the value of real estate through tokenization," said David Grzan CEO of PreIPO.com. "We are thrilled to join forces and offer our accredited investors access to this innovative asset class, further enhancing the diversification of their portfolios."

This partnership marks a significant step forward for both Brickmark and PreIPO.com as they continue to revolutionize the way investors access the world's largest asset class and high-growth private companies.

About Brickmark

Switzerland-based BrickMark Group is a global pioneer and leading provider in Europe of tokenization solutions for the transformation of real estate assets and projects into digital investment products. The BrickMark Group takes over the conception, structuring and implementation of the tokenization projects via their platform BRICKGATE as a so-called "One Stop Shop". Currently in preparation is the tokenization of two international commercial properties with a total volume of more than CHF 400 million.

About PreIPO.com

PreIPO.com is a premier platform that connects accredited investors with private companies before they go public. The platform provides investors with access to high-growth companies, allowing them to invest in the future success of these businesses and diversify their portfolios.

For more information, please contact:

BrickMark Group Public Relations
Email: info@brickmark.net
Phone: +41 41 500 0141

PreIPO.com Public Relations
Email: info@preipo.com
Phone: +1 (888) 863 1582

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

Empowering R&D in Special Diseases, “Next Generation” CRO Company TriApex Completes Series C with Hundreds of Millions of CNY, Led by Legend Capital

HONG KONG, May 4, 2023 – (ACN Newswire) – TriApex Laboratories Co., Ltd (hereinafter referred to as "TriApex") recently announced the completion of its Series C financing round, which was led by Legend Capital. This funding milestone will help TriApex continue to lead in the field of special diseases and devote itself to providing non-clinical data with more clinical value, accelerating the international expansion of integrated R&D services from early drug discovery through final product approval in ophthalmology, central nervous system (CNS) and metabolic disease drugs.



Founded in 2008, with the mission of focusing on scientific evaluation, promoting innovation and transformation, and improving the quality of life, TriApex is headquartered in Nanjing and has set up subsidiaries in Nanjing, Kunming, Shanghai, Chengdu and Hainan. TriApex's customers include many leading pharmaceutical and biotech companies located in China, Europe, and the US. Clients recognize TriApex's unique industry leadership in developing advanced in-vivo disease models, focusing on animal welfare and AAALAC certification, extensive lab analysis and testing capabilities as well as extensive scientific and regulatory resources to translate preclinical success into the clinic.

TriApex currently leverages its core non-clinical research business to open up the entire industrial chain horizontally. It has formed three business segments of disease model and pharmacodynamics research, pharmaceutical policy strategy and safety assessment, and clinical and laboratory services, and provides integrated R&D development services for global pharmaceutical companies and scientific research institutions with a high-quality and stable lab animal supply chain.

ZHANG Xuefeng, CEO of TriApex, stated: "We are very honored to be recognized by our investors. TriAPex will continue to strengthen the restructuring of resources, deepen the understanding of disease biology mechanisms and translational medicine, focus on scientific evaluation, and improve the quality of life. At the same time, we will also continue to enhance our international competitiveness and promote innovation and transformation by building a healthy development ecosystem of biomedicine with new drug R&D companies and related parties."

Hank ZHOU, Co-Chief Investment Officer of Legend Capital, stated: "It is a great honor to participate in the business of TriApex, and I would like to extend my gratitude to the team and existing investors and shareholders of the company for their support and recognition of Legend Capital. Legend Capital has systematically invested in the field of life sciences for a long time, focusing on the link of industrial resources and emphasizing professional empowerment. With focusing on the one-stop CRO service in innovative drugs such as CGT (Cell Therapy and Gene Therapy), TriApex has an excellent reputation in the CRO field of preclinical drug evaluation in China and has been widely recognized by customers worldwide. TriApex has a professional and dedicated team with lofty career pursuits and is committed to providing high-quality service. We look forward to TriApex becoming a next-generation CRO service organization with global influence in future development."

About Legend Capital

Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.

It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.

Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.

For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital ( https://www.linkedin.com/company/legend-capital ).


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

Chiratae Ventures Maiden Growth Fund-I announces its close at INR 1001 cr, oversubscribed by 34%

Singapore, May 3, 2023 – (ACN Newswire) – Chiratae Ventures, India's largest homegrown venture capital fund, has successfully concluded the fundraising for its first Chiratae Growth Fund (CGF-I), raising INR 1001 cr. On a targeted INR 750 crore, CGF-I has been oversubscribed by 34%. The announcement of the close of CGF-I comes on the heels of Fund 4, which was oversubscribed by 22%. This marks a continued trend of Chiratae's funds being oversubscribed, highlighting the confidence and faith placed in the firm's ability to identify and nurture promising startups poised for growth and success.



CGF-I will invest in the growth rounds of market-leading technology startups from its portfolio and other new opportunities, making it a sector-agnostic fund to support the growth and expansion of companies.

CGF-I is supported by Chiratae's existing investors, including Pratithi (Family Office of Kris Gopalakrishnan, the Co-Founder of Infosys), 57 Stars (a global alternative asset manager) and Manish Choksi (Vice Chairman and non-executive board member of Asian Paints) and his Family Office and, new investors including State Bank of India, India Infoline Limited (IIFL), Axis Bank and others. With this new CGF-I, Chiratae Ventures will continue its mission of supporting innovative technology startups in their growth stage and unlocking their potential.
Chiratae Ventures has a successful track record of investing in early and growth-stage startups over the past 16 years. The Chiratae Funds collectively (across 6 funds) have $1.1 Bn in AUM, 130+ investments, 48 exits, 8 Unicorns, 3 IPOs and a track record of having returned capital to the investors in each of the last 12 years. Chiratae Ventures has been an early backer of technology-led companies such as Bizongo, Curefit, Fibe, Firstcry, Lenskart, Myntra, PolicyBazaar, Pixis, Vayana, and Uniphore, amongst others.

Sudhir Sethi, Founder and Chairman of Chiratae Ventures, said, "We are excited to have raised our first Growth Fund, enabling us to continue supporting the growth and expansion of market-leading technology startups in India and beyond. The oversubscription of the fund by 34% is a testament to the trust and confidence our investors have placed in us. As we embark on this exciting new chapter, we remain committed to identifying and investing in innovative startups that have the potential to drive transformative change and create long-term value. Thank you to our existing investors Pratithi (Family Office of Kris Gopalakrishnan, the Co-Founder of Infosys), 57 Stars (a global alternative asset manager) and Manish Choksi (Vice Chairman and non-executive board member of Asian Paints) and his Family Office and, we welcome the new ones, State Bank of India, IIFL, Axis Bank and others."

On closing the Chirataes' first Growth Fund, TC Meenakshi Sundaram, Founder and Vice-Chairman of Chiratae Ventures, said, "The successful fundraising for Chiratae's First Growth Fund is a testament to the quality of the investment strategy and our team's ability to identify and support exceptional entrepreneurs. With the Growth Fund -I, we are well-positioned to continue to support promising startups through their growth journey and create value for all stakeholders by becoming market leaders. We thank all our investors for their continued support to Chiratae."

About Chiratae Ventures

Chiratae Ventures is a 16-year-old Indian technology venture capital fund, which collectively (across 6 funds) has $1.1 Bn AUM, 130+ investments, 48 exits, 8 Unicorns, 3 IPOs and a track record of having returned capital to LPs in each of the last 12 years. The Chiratae funds have investments across sectors such as Consumertech, SaaS, Fintech, and Healthtech and have been early backers of companies such as Myntra, Flipkart, Lenskart, FirstCry, PolicyBazaar, Bizongo, Uniphore, Pixis, and Fibe, amongst many others.

Chiratae Ventures's Global Advisory board consists of esteemed personalities such as Mr Ratan Tata (Chairman), Mr Kris Gopalakrishnan, Mr Manish Choksi (Vice Chairman Asian Paints), Mr Bruno Raschle (Founder Adveq Zurich), Dr Andreas Hettich (Chairman Hettich Corporation Germany) and Dr Ferzaan Engineer (Founder Cytecare and Nightingale).

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

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

PreIPO.com Unveils Cutting-Edge Fintech Tools at Pro Panama’s Inaugural Sustainable Investment Summit

Panama City, Republic of Panama, May 2, 2023 – (ACN Newswire) – Leading global fintech brand PreIPO has successfully participated in the First Sustainable Investment Forum of Panama, organized by PROPANAMA and held earlier this month at the Panama Convention Center in Amador, which is the biggest convention center in Central America. The disruptive private equity platform joined the event to demonstrate its innovative approach to optimizing distribution, maximizing liquidity, and democratizing the capital formation process for issuers, intermediaries, and investors.

"We are excited to explore the investment opportunities in Panama's thriving economy and contribute to its sustainable development through our innovative fintech solutions," said Harold Alvarez, Chief Syndicate Officer PreIPO.com.

The Panama Sustainable Investment Forum is a prestigious event that brings together international investors and businesses interested in exploring the sustainable investment opportunities offered by Panama's dynamic and growing economy. The event highlights Panama's unique advantages, including incomparable connectivity, a safe environment, and the benefits of various special regimes for foreign investment. Participants are introduced to the competitive, business-friendly, and transparent tax, labor, and migration legal tools available in the country.

PreIPO showcased its cutting-edge fintech solutions at the forum, highlighting the transformative potential of its platform for sustainable investments in Panama. By offering an accessible and efficient capital formation process, PreIPO aims to support the growth of sustainable businesses and contribute to the long-term economic development of the country.

"Participating in PROPANAMA's Sustainable Investment Forum has been a remarkable experience for PreIPO," said Harold Alvarez, Chief Syndication Officer at PreIPO. "We are excited to explore the investment opportunities in Panama's thriving economy and contribute to its sustainable development through our innovative fintech solutions." PreIPO.com's presence at the Panama Sustainable Investment Forum reinforces its commitment to promoting sustainable investments and fostering economic growth in emerging markets. The company's platform aims to empower businesses and investors worldwide, driving positive social and environmental impacts through smart and responsible investments.

About PreIPO.com

The event took place on the cusp of PreIPO launching its $128M Series A Round to scale globally in a rapid manner. Currently, PreIPO.com currently features over $1B in deal flow Available in the Deal Room (www.preipo.com/deal-room-preipo). PreIPO is an innovative global fintech brand that has revolutionized the private equity industry with its disruptive platform. The company's unique approach optimizes distribution, maximizes liquidity, and democratizes the capital formation process for issuers, intermediaries, and investors. PreIPO is dedicated to empowering businesses and investors with efficient, transparent, and accessible solutions that drive sustainable growth and create lasting value.

To Learn More about how you can participate in the PreIPO Ecosystem, please visit www.preipo.com or contact info@preipo.com.

Harold Alvarez
PreIPO
+1 888-863-1582
info@preipo.com

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

ONERHT Foundation appoints AlDigi Holdings CEO to its Board of Directors

SINGAPORE, May 2, 2023 – (ACN Newswire) – ONERHT Foundation Ltd, the corporate social responsibility vehicle of RHTLaw Asia LLP and the RHT Group of Companies (collectively, "ONERHT"), has appointed Mr. Jayaprakash Jagateesan, Group Chief Executive Officer of the AlDigi Group, as its new Board Director, effective 1 May 2023.


Mr Jayaprakash Jagateesan


Prakash also holds various positions both within and outside ONERHT and is an active member of the community who contributes to meaningful causes aligned with the Foundation's core pillars of education, environment and sustainability, disadvantaged groups, as well as arts and sports.

He is the Deputy Chairman and Co-Founder of SDAX Exchange, Director of carbon trading platform AirCabon Exchange, Director of Global Indian International School, Vice Chairman of the Singapore Indian Education Trust (SIET), Member of the Singapore Hockey Federation Disciplinary Sub-Committee and an avid golfer who regularly participates in charity tournaments.

Mr Jayaprakash Jagateesan, Director of ONERHT Foundation Ltd, said, "The Foundation's flagship events have been a prominent fixture on ONERHT's calendar for many years and I have witnessed the Foundation's evolution and growth first-hand. I look forward to playing a more active role in supporting the Foundation's efforts to inspire a philanthropic culture of doing good."

Ms Kaylee Kwok, Chairman of ONERHT Foundation, said, "In line with the Board's ongoing succession plans, we recognise the importance of progressively refreshing the Board to address the evolving needs of the Foundation. Prakash's appointment ensures that the Foundation's Board will continue to have an appropriate mix and diversity of skills, professional experience, and personal qualities to collectively advance the Foundation's initiatives and programmes to give back to the community."

"We welcome Prakash to the Board and look forward to his contributions as we work closely together on our mission to provide a framework, platform and channel for corporate social responsibility and pro-bono initiatives," added Ms Kwok.

Since its inception in 2015, the Foundation has with the support of its donors and sponsors been able to raise more than S$4 million for more than 24 charitable organisations.

ONERHT Foundation Ltd

A Singapore registered charity and grant-making philanthropic organisation, ONERHT Foundation Ltd enables RHTLaw Asia LLP and the RHT Group of Companies (collectively, "ONERHT") to do right and do good through various charitable endeavours.

Set up by ONERHT in 2015, the Foundation was registered as a Singapore charity by the Commissioner of Charities and a grant-making philanthropic organisation by the Inland Revenue Authority of Singapore on 16 September 2016 and 28 November 2016 respectively.

The Foundation seeks to establish, inspire and encourage the right philanthropic culture among the corporate and legal fraternity of giving back to the community in a focused, hands-on and meaningful manner. Since its inception, the Foundation has raised more than S$4 million to support more than 24 beneficiaries involved in education, the environment and sustainability, disadvantaged groups as well as the arts and sports. For more information, please visit www.onerht.foundation

For media enquiries, please contact:
Elliot Siow / elliot.siow@rhtgoc.com / +65 8375 0417

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

PreIPO Chosen to raise $250M for SPiCE Fund II, shortly after SPiCE Fund I named leading VC fund of 2022 in Blockchain Ecosystem

BOCA RATON, Fla., Apr 28, 2023 – (ACN Newswire) – PreIPO, a leading provider of innovative financial technology solutions, is pleased to announce a new partnership with SPiCE VC. This partnership will enable PreIPO to further expand its offerings and bring cutting-edge financial technology to a broader market. SPiCE Fund I has yielded a market leading 50.7% IRR and we are pleased to announce the offering of SPiCE Fund II. SPiCE VC has been deemed the best Venture Capital Fund of 2022 in the blockchain and tokenization ecosystem.

Through this partnership, SPiCE Fund II will be featured on the PreIPO Platform, with a robust data room including key due diligence documents and marketing materials. Marking the first of many funds to be fully available for investment within the PreIPO ecosystem. This also includes access to PreIPO's network of industry experts, investors, and potential partners, as well as its experience in helping companies scale and succeed.

"We are thrilled to be partnering with PreIPO," said Rene Eichenberger, Partner of SPiCE VC. "Their expertise and support will be invaluable as we continue to develop and bring our innovative funds to the market."

PreIPO is a leader in the Pre-IPO market of the fintech industry, offering a range of products and services designed to improve capital formation processes and make them more efficient and accessible. This includes solutions for subscription documents, SPVs, data room consolidation, and much more. Check out our website and platform here (www.preipo.com).

"PreIPO has a strong team delivering innovative financial technology solutions," said Rob Roy Roedel, Partner at SPiCE VC. "We are excited to be partnering with them and supporting their growth as they continue to drive the fintech industry forward."

This partnership represents a significant step forward for PreIPO and will help the company continue to push the boundaries of what is possible in the world of financial technology. We look forward to the exciting developments and growth that this partnership will bring.

If you would like to find out more information about investing in SPiCE Fund II via PreIPO's proprietary platform visit the data room now (https://docsend.com/view/s/uxw5gii6k4pgrqs5) or please feel free to reach out to invest@preipo.com.

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

Society Pass Inc. (Nasdaq: SOPA)’s Travel Platform, NusaTrip, Acquires Vietnam’s VLeisure, Marks its First Acquisition Outside of Indonesia

JAKARTA, Apr 13, 2023 – (ACN Newswire) – NusaTrip ("NusaTrip"), a leading Jakarta-based, IATA-licensed Online Travel Agency ("OTA") and the travel vertical of Society Pass Inc (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of VLeisure, a Ho Chi Minh City, Vietnam-based online B2B hotel platform servicing small-to-medium size hotels in Vietnam and empowering online and offline travel agencies to manage and distribute travel products and services. The VLeisure acquisition extends NusaTrip's base of operations and geographical reach outside of Indonesia for the first time. Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.



The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic. The marked increase in demand is driven by strong government initiatives to boost tourism, the rise of SEA's burgeoning middle class and strong internet penetration, which enables more Southeast Asians to more easily book flights and hotels through OTAs. According to Web In Travel, gross bookings in 2025 will reach 94% of the record 2019 levels. And according to the Vietnam National Administration of Tourism, the tourism sector expects to welcome 110 million tourist arrivals in 2023, valued at US$27 billion, representing 5.7% of Vietnam's projected 2023 GDP of US$469 billion.

Leveraging on SoPa's capital and NusaTrip's technology, VLeisure will market its hotel management SaaS products to small-to-medium size hotels initially in Vietnam and then to the rest of SEA. In addition, NusaTrip now acquires an operational foothold to significantly expand its B2C and B2B businesses in Vietnam. Phan Le, VLeisure Founder and Managing Director, comments, "I am honoured to join the SoPa ecosystem and Nusatrip. With SoPa's rapid growth in 2021 and 2022 and NusaTrip's position as a leading IATA-licensed travel platform in Indonesia, VLeisure now is able to access our parent companies' infrastructure of capital, technology, marketing, and customer support, allowing VLeisure to better serve our Vietnam-based customers and accelerate growth in our hotel business. VLeisure's trip planning, booking capabilities, hotel technology expertise complements Nusatrip's existing travel services to deliver a more personalised user experience. Furthermore, as a Vietnamese, I am proud to join the first Vietnam-based company to be listed on Nasdaq. SoPa's Nasdaq IPO in November 2021 is truly an historical event for Vietnam's economy and an inspiration for all Vietnamese entrepreneurs."

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure empowers Vietnamese, regional and international OTAs by distributing their travel products. Travel agents access to VLeisure's extensive inventory of over 650,000 registered hotels. It is also a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer and NusaTrip Chairman, expounds, "We happily welcome VLeisure into our ever-expanding NusaTrip ecosystem. VLeisure seamlessly blends into our user and merchant growth strategy. We combine NusaTrip's robust flight B2B technology and B2C operational breadth with VLeisure extensive hotel management software solutions. With Phan's significant experience and knowledge of the Vietnamese travel sector, I appoint him as the Managing Director of Nusatrip Vietnam. As Head of our Hotel Business, his expertise in hotel technology allows him to create unique travel goods and services that meet the demands of Vietnamese travellers."

Mr. Nguyen further explains, "As a Vietnamese, I am especially proud to continue to finance and support Vietnam's start-up sector with this VLeisure acquisition. I believe that our Vietnamese entrepreneurs will continue to be an example for the rest of SEA. We look no further than the example of Phan Le."

About VLeisure

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure is a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. In addition, travel agents access to the company's extensive inventory of over 650,000 registered hotels. VLeisure is now an integral member of NusaTrip. For more information, please visit: https://www.vleisure.com.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

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 shares were added to the Russell 2000 index in December 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, a Vietnam-based hotel technology platform; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service 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

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 Contacts:
Rosa Milyarna – NusaTrip
rosa@nusatrip.com

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