Society Pass (Nasdaq: SOPA) to Present at the Singapore Fintech Festival on 02-04 November 2022

SINGAPORE, Oct 31, 2022 – (ACN Newswire) – Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announces that SOPA management has been invited to present at the Singapore Fintech Festival ("SFF"), to be held on Wednesday, 02 November to Friday, 04 November 2022. The in-person venue for the event is Singapore Expo located at 1 Expo Drive, Singapore 486150.




SOPA management will present at the SFF at the following times:

Day 2 (Thursday, 03 November)
1645 – 1700 – Rokas Sidlauskas (SOPA Chief Marketing Officer)
1700 – 1715 – Raynauld Liang (SOPA's Chief Financial Officer)

Day 3 (Friday, 04 November)
1545 – 1600 – Rokas Sidlauskas (SOPA Chief Marketing Officer)
1600 – 1615 – Loic Gautier (Leflair Inc Chief Executive Officer)

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing 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, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused e-commerce 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 Society Pass loyalty 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 205,000 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; 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, a leading local restaurant delivery service in Philippines. For more information on Society Pass, please check out:

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
PRecious Communications for SoPa
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Collaborates With Magnite to Develop Retail Media Network in Southeast Asia

SINGAPORE, Oct 27, 2022 – (ACN Newswire) – Thoughtful Media Group Inc ("Thoughtful Media Group" or "TMG"), the Thailand-based, digital advertising arm of Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announced a collaboration with Magnite Inc, (NASDAQ: MGNI) ("Magnite"), the world's largest independent omnichannel sell-side advertising platform. Magnite serves as the first sell-side platform connected to the TMG Media Network, a premium omni-channel cross-platform advertising solution for international and regional brand advertisers.

The TMG Media Network offers brand advertisers exposure to consumers in Vietnam, Indonesia, Philippines, Singapore, and Thailand, including the more than 3.3 million registered consumers on SoPa's ecosystem. The network features premium inventory spanning its owned channels and the wider web, including display, mobile, video, social and digital out-of-home when fully deployed. For brand advertisers, the TMG Media Network offers an unprecedented combination of scale and personalized media, targeting SEA markets and their combined 650 million population.

Magnite enables programmatic activation and expands demand facilitation for TMG Media Network across its omnichannel inventory. Advertisers and publishers are then able to activate data from TMG Media Network through Magnite, unlocking new opportunities to reach audiences at scale across ad formats for brands.

Dennis Nguyen, TMG Chairman, explains, "We are excited to launch the TMG Media Network, which provides advertisers access to influencer content creation, highly targeted 1st party e-commerce data, and social commerce opportunities at scale. As a leading retail marketing solution in SEA, the TMG Media Network incorporates a multi-faceted, data-driven approach to audience reach, engagement, and conversion, which provides for a more impactful brand and consumer experience. And as data-driven social commerce becomes increasingly pervasive, TMG is well-positioned to power the region's first media and advertising network with an end-to-end content, data, and supply solutions."

Gavin Buxton, Managing Director, Asia at Magnite, stated, "We are excited to work with one of Southeast Asia's most innovative brands and platforms to drive meaningful growth through game-changing content, data, and technology. Activating SoPa's expansive and growing audience data to scale impactful, multi-channel experiences shapes the way consumers engage and interact with brands."

About Thoughtful Media Group Inc

Founded in 2010 and acquired by Society Pass Inc in 2022, Thoughtful Media Group Inc is a Bangkok-headquartered social commerce-focused, premium digital video Multi-Platform Network ("MPN")/social media influencer advertising platform servicing the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing 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, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused e-commerce 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 Society Pass loyalty 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 205,000 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; 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, a leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

About Magnite, Inc

We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising platform. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

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
PRecious Communications for SoPa
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Co-Led by Legend Capital, Top Gene Delivery Enterprise VectorBuilder Secures CNY410mn in Series C Round

HONG KONG, Oct 20, 2022 – (ACN Newswire) – VectorBuilder Biotechnology (Guangzhou) Co., Ltd. (hereinafter referred to as "VectorBuilder"), a top gene delivery enterprise, recently announced the completion of its Series C round with CNY410 million, co-led by Legend Capital. The proceeds will facilitate VectorBuilder in continuously promoting the upgrading and capacity expansion of the gene delivery R&D and production technology platform, further accelerate the global business presence, and boost the R&D of life sciences and genetic medicines.



VectorBuilder was founded by Dr. Bruce Lahn, a world-renowned molecular biologist who was a tenured professor at the University of Chicago and a researcher at Howard Hughes Medical Institute (HHMI). The company provides services such as scientific research and clinical carrier CRO, gene-drug CDMO and gene delivery IP out-licensing, covering the entire field of life science and gene medicine. VectorBuilder has provided more than 1.2 million gene delivery solutions to more than 4,000 scientific research institutes and pharmaceutical companies worldwide, and its gene-drug CRO and CDMO projects are spread all over North America, Europe, Japan and South Korea.

Dr. Bruce Lahn, Founder and Chief Scientist of VectorBuilder, said: "I'd like to take this opportunity to extend my sincere gratitude to investors for the support and trust. Due to a robust technical accumulation and an excellent business model in the gene delivery industry, VectorBuilder enjoys the highest market share in the global gene carrier scientific research market, and we jointly launched the construction of a 45,000-square-meter gene delivery R&D and production base with Guangzhou Development District Investment Group in April 2022. We hope to take this financing round as an opportunity to further accelerate the comprehensive upgrade and optimization of the technology platform and promote the expansion of production capacity and global presence. VectorBuilder has become a pioneer in the entire gene delivery industry chain by empowering basic scientific research and accelerating the clinical application of gene drugs. We believe VectorBuilder will enter thousands of life science laboratories worldwide and become a well-known brand in the field of life science. We will empower the gene-drug industry through core technologies and help China to "overtake" on the genetic drug track. At the same time, we hope to overcome genetic diseases, improve human health, and provide irreplaceable value to the industry and the world."

Jeff Wang, Managing Director of Legend Capital, said: "VectorBuilder is the world's leading gene delivery company, providing full-chain solutions from basic scientific research to clinical application of gene delivery. It is an honor to participate in the future development of VectorBuilder. Dr. Bruce Lahn is an expert in the field of biotechnology innovation, and we are optimistic about VectorBuilder's comprehensive ecological service platform for gene delivery in life science and biomedicine. VectorBuilder has developed the world's first system providing online design, offline production carrier construction and downstream application service, serving thousands of top biopharmaceutical companies and research institutes. We believe VectorBuilder has a promising future as the genetic medicine industry develops."

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 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group’s Strategic Partnership with Onlive.Site Eyes the Surging Live Commerce Market across Southeast Asia

SINGAPORE, Oct 5, 2022 – (ACN Newswire) – Thoughtful Media Group Inc ("Thoughtful Media" or "TMG"), the Thailand-based, digital advertising arm of Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announces the establishment of a strategic partnership with Onlive.Site, a premium live streaming and digital content channel platform based in Spain. This strategic partnership enables TMG to host interactive live streaming and live shopping shows on its websites and even on external platforms including those of Creator's or Marketer's landing pages. SoPa endeavours to offer enhanced value to its consumers through novel partnerships with technology-enabled companies located across the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand, and complementary services that support the offerings of its entire ecosystem.

Founded in 2020, Onlive.Site is a technology software company develops livestreaming, live video shopping, interactive video and online TV channel platform tools for global e-commerce companies. Onlive.Site's technology tools allow partners to create and curate live streaming and live shopping shows for consumers to shop for e-commerce goods and services with specific placement and effect. Research from Accenture shows that the social commerce market is poised to grow to US$1.2 trillion by 2025, representing a CAGR of 26%. Live streaming as a medium of sales on social commerce platforms is expected to show a CAGR of 11.77%, resulting in a projected market volume of US$45.07 billion by 2027.

The TMG digital advertising platform amplifies the reach and engagement of its +200 influencer network throughout SEA to market and sell advertising inventory on behalf of international and regional brands. Onlive.Site's partnership further supports SoPa's plans to expand TMG's database of KOLs and influencers across SEA. The growing impact of social media on influencing consumers' purchase decisions is driving more and more brands to shift their advertising focus to this emerging marketing outlet. "Live commerce" emerges as live streaming and e-commerce converge so that consumers and brands experience real-time engagement and an instantaneous feedback loop. SoPa increases customer engagement while also focusing on the quality of relationships through a campaign-based approach enabled by this latest partnership.

Alfredo Ouro, Co-founder & CEO @ Onlive.Site, emphatically explains, "We are delighted to enter into this win-win partnership with SOPA and TMG to bring our cutting-edge live commerce technology to one of the fastest growing digital areas in the world. With its large base of users, associated brands and content creators in SEA, TMG is ideally positioned as the perfect partner for Onlive.Site in a region that brings together everything necessary for live shopping to be a success: pervasive shopping culture, internet tech-savvy population and favourable social demographic profile".

Dennis Nguyen, TMG Chairman, comments, "We are thrilled to partner with Onlive.Site as we onboard meaningful partnerships with brands and e-stores in Vietnam, Indonesia, Philippines, Singapore, and Thailand. This partnership allows TMG to bundle Onlive.Site subscription model with influencer marketing services to swiftly engage brands and create live streaming sales campaigns. New revenue models are being developed with this innovative partnership. Our mission is to provide media owners with dedicated technology services that build and monetise their brands' audience on social video platforms".

Alfredo Ouro adds, "With video accounting for more than 80% of all consumed internet traffic this year, no single company should ignore this audio-visual format as the most engaging and effective way to sell and communicate with their customers and stakeholders through live shopping, video- shoppable, and exclusive branded video-channels. Our one-stop live commerce studio possibilities for integrating all forms of interactive video on any website or digital platform are now endless and we want to make them available to every brand in SEA, thanks to our partnership with TMG and SOPA".

About Thoughtful Media Group Inc

Founded in 2010 and acquired by SoPa in 2022 as a wholly-owned subsidiary, TMG is a Bangkok-headquartered social commerce-focused, premium digital video Multi-Platform Network ("MPN")/social media influencer advertising platform servicing the SEA countries of Vietnam, Indonesia, Philippines, Singapore and Thailand.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing 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, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce 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 Society Pass loyalty 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 205,000 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; 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, a leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

About Onlive.Site

Headquartered in Barcelona, ONLIVE.SITE is the fastest growing SAAS for live commerce and video-sales enablement in Europe & LATAM. In less than 1 year since launching Onlive.Site already works with +150 all-size brands operating from 25 countries and making live commerce available to customers from 95 countries worldwide. Thanks to this partnership with SOPA, Onlive.Site is extending its presence to South East Asia that together with LATAM are two of the three fastest growing e-commerce markets in the world according to Insider Intelligence.

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
PRecious Communications for SoPa
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

My Platform Joint Venture Awarded the Winner’s Prize in the 2022 Hong Kong-Macau-Taiwan Innovation and Entrepreneurship Competition

HONG KONG, Sep 29, 2022 – (ACN Newswire) – My Platform, the MedTech venture in which Black Spade Capital Limited ("Black Spade Capital") invested, has just announced that its PRC joint venture My Platform Information Technology (Guangzhou) Limited ("My Platform MedTech") was awarded the Winner's Prize in the 2022 Hong Kong-Macau-Taiwan Innovation and Entrepreneurship Competition organised by the Guangzhou Municipal Science and Technology Bureau.


(1st from the Right) Mr. Jesse Ho, Chief Executive Officer of My Platform


The competition brings together 226 participants from a wide variety of industries to honour the key players from Hong Kong, Macau and Taiwan for their achievement in the innovative and technology areas. My Platform MedTech ranked top 16 among the companies who received the award.

My Platform MedTech is a joint venture established by My Platform and its partner in Guangzhou in 2021. It provides cloud-based services and doctor-patient community chatroom with telemedicine functions to hospitals and helps build an enclosed communication system between doctors and patients, which strengthens the connection between different specialist departments with patients and increases patient stickiness.

In view of the growing demand for distant medical consultation, My Platform upgraded its system with telemedicine capabilities in 2020. This built-in function enables integration with other features thus offering a seamless and user-friendly experience.

Mr. Jesse Ho, CEO of My Platform, said: "we are incredibly honoured to receive this award. It's a reflection of our team effort and the impact that we and our partners are making in the implementation of various initiatives to drive the technology development in the medical industry in the Greater Bay Area. We will continue with our good work to improve greater efficiency and better communication in the healthcare industry."

About Black Spade Capital Limited
Black Spade Capital Limited is an established family office managing the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade Capital's investment strategy maximises coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, pre-IPO investments, medical technology, leisure and culture, green energy, real estate to Web3. In July 2021, Black Spade Acquisition Co (NYSE: BSAQ), a special purpose acquisition company of which a subsidiary of Black Spade Capital is sponsor, was listed on the New York Stock Exchange.

About My Platform Information Technology (Guangzhou) Limited
My Platform is a global multi-party interactive cloud-based SaaS platform that provides a seamless experience in the healthcare industry for professionals and end-users. With over 20 years of experience in the medical, finance and IT fields, My Platform is dedicated to reshape the medical ecosystem and eliminate misinformation. Its powerful proprietary software can connect doctors, patients (members), pharmaceutical companies, insurance companies, hospitals and corporations and allows them to interact on one single platform. The all-integrated clinic solution built with state-of-the-art technology facilitates daily operation for all.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Think Equity: Society Pass (Nasdaq: SOPA) – Initiating Coverage on Digital Commerce Platform for Southeast Asia with Upside Potential

NEW YORK, Sep 29, 2022 – (ACN Newswire) – Think Equity, LLC ("Think Equity") initiates coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa").

Click Here (on Society Pass website) to view the full Think Equity research report. https://thesocietypass.com/wp-content/uploads/2022/09/ThinkEquity_SocietyPass_Initiation_ResearchReport_26Sep2022.pdf

Summary Points:

– ECommerce Holding Company. Society Pass is an acquisition-focused eCommerce holding company operating six interconnected verticals in loyalty, lifestyle, food and beverage, telecoms, digital media, and travel, connecting millions of registered consumers and thousands of registered merchants in Southeast Asia. The company has on-boarded more than 3.3 million registered consumers and over 200K registered merchants and brands. The company generated $520K of sales in 2021, with a revenue forecast of $9.5 million for 2022 and $42.7 million for 2023.

– Seasoned and Diverse Executive Team. The company is led by a team of seasoned Asia-based executives who have spent a total of over 150 years on the ground in Asia with operating, marketing, technology and financial experience there. Society Pass is the sixth company that Dennis Nguyen, Group Founder, Chairman and CEO, has taken public. Over half the executives and employees are female. The company's board of directors brings diverse experiences from technology to finance, to legal, to investment banking/private equity. The company has built a sophisticated technology platform in four years and on-boarded over 3.3 million registered consumers and over 200k registered merchants/brands.

– Integrated Ecosystem. Society Pass acquires companies in targeted verticals, which include lifestyle, food and beverage delivery, travel, digital media, telecommunications, and loyalty. In the lifestyle vertical, the company acquired Leflair in February 2021 and relaunched in the Vietnamese marketplace in September 2021. In food and beverage delivery, the company acquired Pushkart and Handycart in February 2022 and Mangan in July 2022. In July 2022, the company acquired Thoughtful Media, a Thailand-based digital media company. In August 2022, the company acquired NusaTrip, an Indonesia-based leading Southeast Asia OTA. The business model is to acquire companies in targeted verticals and integrate them into the platform.

– Society Points. A Virtuous Cycle of Revenue Generation and Loyalty Creation in SEA. The company opportunistically acquires attractively valued companies to synergistically generate additional revenue streams, optimize efficiencies for merchants, and more cost-effectively aggregate consumers and merchants through synchronized marketing campaigns. The company's loyalty platform, Society Points, drives this revenue generation and loyalty creation processes. The company has launched a beta version of the Society Pass app in June 2022 and expects to fully launch the app in 1Q 2023.

– Strategies for Digital Commerce in Asia/Pacific. Southeast Asia's digital commerce revenue is expected to reach a 10-year CAGR of 32% by 2025. Business unit leaders, like Society Pass, carefully select their markets. Based on industry estimates, the expected growth of consumer spending on digital commerce for the Southeast Asian region will exceed $88 billion by 2025. This comes from a low penetration of the total retail market. Southeast Asia presents attractive growth opportunities and challenges for SoPa.

– Growth Strategies. As the company continues to acquire e-commerce platforms and apps in Southeast Asia, it should dramatically increase its revenue base, registered customer base, and registered merchant base. The company beta-launched its Society Pass loyalty platform in the second quarter 2022. The company is constantly upgrading its HR talent, especially identifying and mentoring female executives. It has built a powerful and integrated technology ecosystem targeting Southeast Asia, and operates in three of the world's most attractive and fast-growing economies. Its senior executives have spent most of their lives in Southeast Asia running companies.

– Valuation. Think Equity's 12-month price target is $6, based on 3.9x FY23 sales per share estimate.

– Solid Financials. As of June 30, 2022, the company had cash and cash equivalents of $28 million. For the six months ended June 30, 2022, the company's stockholders' equity was $35 million.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing 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, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce 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 Society Pass loyalty 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 205,000 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; 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, a leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

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:
PRecious Communications
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC launches GoGBA Day for the International Business Community

HONG KONG, Sept 26, 2022 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) and the Guangdong-Hong Kong-Macao Greater Bay Area Development Office co-organised the inaugural GoGBA Day on Thursday (22 Sept). This support event aims to engage members of the international business community in Hong Kong that are currently underserved in terms of up-to-date business information on the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The physical part of the hybrid on-site/online event was held at the HKTDC SME Centre at the Hong Kong Convention and Exhibition Centre.


The event featured a series of seminars offering practical business tips and updates on the latest developments in the GBA to prepare international enterprises to “go GBA” via Hong Kong. The event received an overwhelming response with more than 160 participants attending the seminars at the venue while 260 participants joined the online webinar. At the same time, 65 business advisory sessions and one-on-one consultation meetings were arranged for 47 companies at the venue to facilitate business partnerships and opportunities.

The joint seminars welcomed officials from various authorities in the GBA, along with industry leaders and market experts from banking and other sectors, to share their insights and business know-how with international medium-sized enterprises and start-ups, helping them get equipped to set up business and succeed in the GBA via the Hong Kong platform. A wide range of topics was discussed, including the business landscape in the GBA and key incentives and subsidies for start-ups and businesses in the areas of tax, banking and investment.

Welcoming participants to the event, HKTDC Executive Director Margaret Fong said: “The GBA plan attracts attention not only because the GBA has China’s highest GDP at US$1.96 trillion, but it offers basically everything a business needs to grow, from the international financial hub of Hong Kong and the world-class manufacturing centres across Guangdong to the advanced innovation and tech clusters across the region – not to mention a huge market of 86 million people and a stepping stone to the vast Mainland China market.”

Ms Fong continued: “We launched our GoGBA support programme last year to help businesses navigate the GBA through Hong Kong by offering information, advisory support and networking and marketing platforms. The GoGBA Day is a highlight of our programme, bringing together the Hong Kong family of organisations under one roof to introduce their GBA support programmes and services, enabling us to hold a GBA event specifically for the international business community for the first time. We hope to give them not only an overview of the latest GBA developments but also offer practical information to help them make decisions and take action.”

Background to the Guangdong-Hong Kong-Macao Greater Bay Area

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) promotes Hong Kong’s integration into Mainland China’s national development by accelerating the socio-economic integration of Guangdong, Hong Kong and Macao. Hong Kong has been designated as an international financial, shipping, trade and aviation hub, a global offshore renminbi business hub and an international centre for asset management and risk management. As a value-added financial, trading, logistics and professional services centre, supporting technology and innovation, Hong Kong is also a centre for international legal and dispute resolution in Asia-Pacific.

HKTDC’s array of services support enterprises entering the GBA

Over the years, the HKTDC has worked hard to facilitate cooperation between Guangdong and Hong Kong. To support companies in doing business in the GBA, the HKTDC shares useful official information on regulations, procedures and networks through its GoGBA website ( https://www.go-gba.com/en/ ) and WeChat mini-programme, the latter also offering tools such as public health updates, maps, transportation guides and a day counter for individual income tax purposes. As of mid-September 2022, more than 506,700 views of the HKTDC’s GoGBA digital platforms had been recorded.

GoGBA WeChat mini programme (QR Code).
GoGBA WeChat mini programme (QR Code).


On the ground, the HKTDC has established the HKTDC GBA Service Centre in Shenzhen to provide local and international enterprises from Hong Kong with consultation services, industry-related updates and business matching. The Service Centre has so far organised more than 70 activities, with about 3,000 Hong Kong enterprises using its services. Working together with mainland partners, the HKTDC has also set up GoGBA Business Support Centres in Qianhai (Shenzhen), Nansha (Guangzhou), Hengqin (Zhuhai), Dongguan and Zhongshan, with Foshan being added later this year, to provide Hong Kong enterprises with policy and market consultation services.

In addition, the HKTDC’s Transformation Sandbox (T-box) programme will extend its services from Hong Kong to Shenzhen and other cities in the GBA. Together with its Digital Academy and E-Tailing Academy, the HKTDC will provide advisory workshops related to e-commerce and digital business as well as marketing solutions and other digital platforms.

Officials explain GBA business landscape, supporting initiatives and keys to success:

Tommy Yuen, Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, said: “The GBA is more than a key national development strategy under China’s reform and opening up. It is also marked a further step towards enriching One Country, Two Systems and promoting coordinated economic development that can turn the region into a world-class area for living, working and travelling. New measures are continually being implemented, including steps to encourage the development of private equity and venture capital funds in Qianhai and improving land boundary crossing facilities to enhance talent mobility between Hong Kong and GBA cities. In the coming decade, the GBA is set to become the world’s most vibrant and rapidly growing economic region.”

Jimmy Chiang, Associate Director-General of Investment Promotion (Business Development) of Invest Hong Kong, said: “President Xi Jinping has emphasised the importance of leveraging and strengthening Hong Kong’s unique advantages as an international financial, shipping and trading centre, as well as its convenient links to international markets. The 14th Five-Year Plan also highlighted the country’s support for Hong Kong in traditional industries as well as four emerging areas, including aviation, innovation and technology, intellectual property trading and international cultural exchange. These specific sectors will see more development opportunities in Hong Kong, and the GBA’s growth will create many attractive opportunities for international companies.”

Kenneth Wong, General Manager, MICE & Cruise, Europe, Hong Kong Tourism Board, said: “The Hong Kong Tourism Board has developed a tourism recovery framework to aid in the recovery, reopening and rebranding of Hong Kong’s tourism industry. We devised a number of publicity and promotion campaigns to maintain Hong Kong’s visibility during the pandemic and to facilitate tourism as well as MICE recovery. This includes bringing back large-scale international events and establishing a dedicated team to provide MICE organisers with one-stop support. Hong Kong can connect international visitors to the GBA’s tremendous business opportunities, generate attendance for organisers, facilitate professional visits and excursions to other GBA cities.”

Raymond Yip, Chief Liaison Officer of the Guangzhou Nansha Service Centre in Hong Kong, said: “The Central Government hopes that Nansha, with its strategic location at the heart of 10 GBA cities, will become a cooperation and collaboration hub for the GBA. Nansha has a broad and diverse industry base with advanced manufacturing, as well as a state-level science and technology forum. With no fewer than 20 policy measures for Hong Kong and Macao, including allowing people from Hong Kong, including foreigners, to pay Hong Kong taxes, Nansha is set to open up a larger hinterland for Hong Kong.”

Witman Hung, Principal Liaison Officer for the Hong Kong, Shenzhen Qianhai Authority, said: “Qianhai has always been a pilot zone to help China open up and deepen its reforms. Promoting and facilitating collaboration between Hong Kong and Shenzhen is high on our priority list. For example, we have incubated 335 Hong Kong start-ups and assisted the city’s professionals such as lawyers, engineers and architects in entering the mainland market. Recently, the Qianhai Authority and the Hong Kong government announced 18 new measures aimed at encouraging venture capital and private equity to enter China via Qianhai and Hong Kong. Hong Kong-based companies will be able to use Qianhai as a shopfront to provide professional services to the rest of the GBA and Mainland China.”

Vivian Cheung, Executive Director, Airport Operations, Hong Kong International Airport, said: “We have been expanding the capacity and functionality of Hong Kong International Airport in preparation for the resumption of international travel and business. The SKYCITY development is at the heart of this, featuring a new 3.8 million sq ft complex, with recreational facilities and three new office towers. New hotels will also be built and we are revamping services to provide better travel and transit experiences for passengers. Furthermore, we are transforming AsiaWorld-Expo into a 20,000-seat arena, adding new passenger and cargo handling facilities and constructing new infrastructure to make it easier for Hong Kong to connect with the GBA.”

HKTDC SME Centre
Tel: +852 1830 668
Fax: +852 3693 4938
E-mail: smecentre@hktdc.org

HKTDC GBA Centre
Tel: 0755-82280112
Fax: 0755-82280114
E-mail: shenzhen.office@hktdc.org

GoGBA Day website: https://go-gba.com/en/gogbaday.html
“Greater Bay Area, Great Future” promotional video: https://www.bayarea.gov.hk/en/stories/videos.html
(provided by the Guangdong-Hong Kong-Macao Greater Bay Area Development Office).
More about the GBA: https://hkmb.hktdc.com/en/guangdong-hongkong-macao-greater-bay-area
Photo download: https://bit.ly/3UyJSpU

Media enquiries:
HKTDC Communications & Public Affairs Department
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org



Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GalaxySpace Completes a New Financing Round with Legend Capital Re-upped

HONG KONG, Sep 25, 2022 – (ACN Newswire) – GalaxySpace, a Chinese commercial aerospace company, recently completed its latest financing round with a post-investment valuation of approximately RMB11 billion. As an existing shareholder, Legend Capital continued to support the company by following up on this financing round.

Legend Capital first invested in GalaxySpace in 2018 and continued to follow up on the company's subsequent financing rounds in 2019, 2020 and 2022, increasing its investment layout of cutting-edge technology and supporting the development of GalaxySpace.

Founded in 2018, GalaxySpace is the first unicorn enterprise in the field of commercial aerospace and satellite internet in China. Xu Ming, founder, chairman and CEO of GalaxySpace, said: "This round of financing will be mainly used for the R&D of satellite Internet-related technologies and the development of commercial applications. GalaxySpace will accelerate the R&D of core technologies such as stackable flat panel satellites, flexible multi-beam phased array technology, flexible solar wings, digital processing payloads, etc., and also the construction of mass-producing low-cost satellites. Step by step, we will move forward to the 6G era of the Internet of Everything."

Nowadays, global space infrastructure construction has been developing rapidly, and commercial aerospace is becoming one of the new driving forces of the world's economic development. According to a Morgan Stanley report, the global space economy is expected to be worth $1 trillion by 2040, and the satellite Internet is expected to account for 50% or even 70% of the market growth.

At present, GalaxySpace's new-generation stackable flat-panel satellite has entered the prototype development stage, which is also the first flat-panel satellite in China and will be launched early next year. It is believed that the development of stackable flat-panel satellites will promote the mass production of satellites and the rapid deployment of large-scale constellations. In the future, GalaxySpace will seize the development opportunities and fully utilize the advantages of small wins and rapid iteration of commercial aerospace to make a continuous innovative contribution to China's satellite Internet construction.

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 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Leadrive Technology Completes Series C Financing, Legend Capital Re-upped

HONG KONG, Sep 25, 2022 – (ACN Newswire) – Leadrive Technology, a leading supplier of power semiconductor and motor control solutions for new energy vehicles, recently announced its completion of the series C financing. As the existing shareholder, Legend Capital continued to support this round of financing.

This round of financing will be mainly used for the construction of the IGBT/SiC power module packaging production line, the operation of the rapid production of motor control products, and the R&D of the latest generation of silicon carbide power modules and motor control products.

Founded in 2017, Leadrive Technology has been committed to the forward development and production of power semiconductor modules and high-performance motor control units, bringing high-quality electric power to global automotive enterprise customers and consumers. After five years of rapid development, Leadrive Technology is equipped with mature technology and product solutions in the power modules and motor control units. A variety of high-performance IGBT power modules and main-drive dual-motor controller products developed by Leadrive have been installed in several hybrid models of many OEMs, achieving mass shipments and fully entering the passenger car market. With many test indicators at the industry-leading level in vehicle testing, the silicon carbide motor controller independently developed by Leadrive has also been designated and recognized by many downstream customers in the global market.

In the future, Leadrive will center on the two core electrification foundations of power semiconductor modules and motor control units, and continue to invest in advanced technology development, product platform iteration, capacity expansion, and other fields. By leveraging its technological advantages, Leadrive works with industry chain partners to empower the electrification trend of the automotive industry and make outstanding contributions to promoting the technological progress of the industry.

Dr. Jie Shen, the CEO of Leadrive, said: "Currently, the company is in a critical stage of rapidly developing large-scale delivery. This round of financing will mainly be used for the construction and implementation of the company's power module packaging production line and the replenishment of working capital for multiple mass production projects. For the smooth delivery of this round of financing, I would like to thank all the new and existing shareholders for their trust and strong support. With pursuing excellence in our mind, we take it as our duty to promote the technological progress of the industry as well as to make a continuous innovative contribution to the development of the new energy vehicle industry in China."

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 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Filing of Society Pass (Nasdaq: SOPA) Form 8-K/A in Connection of Acquisitions of AdActive Media CA, Inc and Thoughtful Thailand Ltd; Acquired Subsidiaries Recognised 2021 Revenues of US$5.6 million

SINGAPORE, Sep 19, 2022 – (ACN Newswire) – Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announces the filing of Form 8-K/A with the Securities and Exchange Commission ("SEC") in connection of acquisitions of AdActive Media CA, Inc (the "CA Sub") and Thoughtful Thailand Ltd (the "Thailand Sub"), (the Thailand Sub and the CA Sub comprise the "Acquired Subsidiaries").

Click Here (on SEC website) to view the Form 8-K/A filing.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000581/sopa091222form8ka.htm

Summary Points:

– On 07 July 2022, SoPa, through its wholly-owned subsidiary, Thoughtful Media Group Incorporated ("Thoughtful Media" or "TMG"), a Nevada corporation, a Thailand-based, a social commerce-focused, premium digital video Multi-Platform Network ("MPN")/social media influencer advertising platform, acquired from AdActive Media Group, Inc., a Delaware corporation, (i) all of the outstanding capital stock of the CA Sub, and (ii) 99.75% of all of the outstanding capital stock of the Thailand Sub.

– Integrating the Acquired Subsidiaries onto its platform, TMG is a social commerce-focused, premium digital video MPN/social media influencer advertising platform headquartered in Thailand with an operating presence in the US, Vietnam, and Philippines. TMG expects to expand to Indonesia and Singapore in 4Q 2022.

– The combined 1Q 2022 revenues and loss from operations from the Acquired Subsidiaries totaled $1,312,986 and $84,582, respectively.

– The combined 1Q 2021 revenues and loss from operations from the Acquired Subsidiaries totaled $1,265,053 and $114,032, respectively.

– The combined 2021 revenues and loss from operations from the Acquired Subsidiaries totaled $5,655,795 and $1,173,022, respectively.

– The combined 2020 revenues and loss from operations from the Acquired Subsidiaries totaled $5,928,800 and $899,933, respectively.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing 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, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce 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 Society Pass loyalty 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 205,000 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; 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, a leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

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:
PRecious Communications
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com