ACROFAN

Model Performance Acquisition Corp. Announces Contribution to Trust Account to Extend Period to Consummate Business Combination

Aucnet Backs and Participates in TCFD Consortium, Launching Online TCFD Report

Invitation to presentation of EQT AB's Half-year Report 2022

Futu Singapore is the first digital brokerage to receive full memberships from SGX Group

Issuing IDR 5 Billion Green Bond, BRI Reaffirmed as Market Leader of ESG Companies in Indonesia

Funding Societies acquires CardUp, drives payments expansion

Warwick consolidates Mayfair collection with Green Street portfolio addition

Qenta, Inc. unveils first comprehensive financial services and technology platforms for emerging markets

MINISO Group Launches Global Offering

NWD's Impact Kommons-backed Green Startups Clinch DBS Social Impact Prize For Advocating Social Innovation, Co-creating A More Sustainable Future

57 Stars invests in WayCool, India's leading food and agri-tech platform

WayCool marks the first transaction for 57 Stars Direct Impact Fund WASHINGTON, June 29, 2022 /PRNewswire/ -- 57 Stars LLC, an independent global alternative investment firm targeting high-growth sectors driven by technological innovation, is pleased to announce it has led a USD 40 million investment in WayCool Foods & Products Private Limited ("WayCool"), India's leading food and agri-tech platform. The investment is the first transaction for 57 Stars Direct Impact Fund and the second investment for 57 Stars Global Innovation Fund 2 ("GIF 2"). One of India's fastest-growing food and agri-tech companies, WayCool leads India's food economy transformation by streamlining supply chains. WayCool provides farmers with cohesive solutions, potentially increasing their income by up to 30% while reducing food waste by up to 70%. Through strict ESG management, WayCool seeks to become energy-, water-, and carbon-neutral, further mitigating its environmental impact. 57 Stars' investment exemplifies the firm's commitment to sustainable development and its dedicated impact investing strategy, which seeks to deliver compelling financial returns alongside meaningful positive social and/or environmental impacts. "The Indian agricultural market's fragmented structure separates farmers from end-markets through multiple intermediaries" said Amit Chandra, 57 Stars' Managing Director, "WayCool delivers efficiencies for all stakeholders, from soil to sale." Chinna Pardhasaradhi, CFO, WayCool, said "We are happy to partner with 57 Stars in the next phase of our journey. This investment illustrates the continuing confidence of mature global investors in fundamentally sound businesses delivering lasting impact." WayCool Foods & Products WayCool is one of India's leading food and agri-tech platforms. Focusing on food development and distribution, the company leverages innovative technology to scale and operate a complex supply chain from soil to sale. WayCool works with more than 150,000 farmers, and operates a full stack, broadline product range across multiple channels, serving over 100,000 clients. 57 Stars Direct Impact Fund The Direct Impact Fund is 57 Stars' impact-focused co-investment vehicle seeking compelling risk-adjusted returns and measurable impact outcomes. Focusing particularly on environmental sustainability, healthcare, and financial inclusion, the Direct Impact Fund leverages 57 Stars' global platform to co-invest in tech-driven, high-growth businesses promoting environmental sustainability and improving access to products and services for underserved populations, in alignment with the Sustainable Development Goals. 57 Stars Global Innovation Fund 2 GIF 2 is 57 Stars' sixth-generation flagship investment vehicle. It is a sector-focused, global, thematic fund committing to structured partnerships, co-investments, and secondaries. Targeting high-growth sectors, GIF 2 seeks to benefit from innovation in tech-enabled consumer and enterprise solutions, health and care-related technologies, environmental sustainability, and fintech / financial services. 57 Stars LLC 57 Stars is an independent global alternative investment manager with more than USD 4.5 billion in commitments raised and managed, and a presence in six cities globally. Founded in 2005, the firm seeks to generate superior risk-adjusted returns by investing in high-growth sectors of the global economy driven by secular tailwinds, disruptive forces, and technological innovation. Contact:Kyoko Terada+1-202-629-5852media@57stars.com Full press release: https://www.57stars.com/wp-content/uploads/2022/06/WayCool_Announcement.pdf Logo - https://mma.prnasia.com/media2/1848560/57_Logo_Large_Logo.jpg?p=medium600

57 Stars invests in WayCool, India's leading food and agri-tech platform

Marriott Bonvoy Launches New Co-Branded Credit Cards in China with China CITIC Bank

Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards combine the competitive advantages of a major card company with the reach and choice of the highly-awarded travel program SHANGHAI, June 29, 2022 /PRNewswire/ -- Marriott Bonvoy, Marriott International's award-winning travel program and marketplace, today announced the launch of three Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards1, providing residents of mainland China with more exclusive benefits and value-added services. Issued by China CITIC Bank and powered by China UnionPay, the three cards, in three distinct levels, offer cardholders a wide array of benefits, including accelerated earning of Marriott Bonvoy points, which can be redeemed for free nights at more than 8,000 properties around the world. Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards "With the Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards, we are offering the new generation of Chinese travelers easier and more ways to earn Marriott Bonvoy points," said Bart Buiring, Chief Sales & Marketing Officer, Marriott International Asia Pacific. "Marriott Bonvoy is at the heart of our consumer strategy and our collaboration with China CITIC Bank underscores our hyper-local strategy that focuses on delivering extra value to our members." "As a travel program encompassing a powerful portfolio of 30 global hotel brands, Marriott Bonvoy aims to provide members with unique and diverse travel experiences," said Lawrence Ng, Vice President, Sales & Marketing, Greater China, Marriott International. "By establishing this collaboration with China CITIC Bank, which has deep insights into understanding how Chinese consumers spend, and combining our travel insights of Chinese travelers, we aim to offer a more seamless experience for Cardholders to enjoy Marriott Bonvoy benefits and maximize rewards on their purchases." "China CITIC Bank is delighted to partner with Marriott Bonvoy to launch the first Marriott Bonvoy credit card in China. Consumers who successfully sign up will not only be automatically enrolled in the Marriott Bonvoy travel program, but will also enjoy a wealth of benefits, including related Marriott Bonvoy Elite status. The new card leverages both companies' strength and rich experience in its respective areas to cater to affluent consumers in China with better travel experiences and financial services." said a representative from the China CITIC Bank Credit Card Center. "Tapping into the tourism industry's recovery, our partnership with Marriott Bonvoy will further inspire travel by providing more benefits and world class financial services for potentially millions of cardholders across China." Three Cards, Multiple Benefits* With three distinct card levels—Gold, Platinum and Premium Platinum, the co-branded credit cards are designed to appeal to different types of customers such as millennials, families, and business professionals by offering a wide variety of cardmember benefits. Upon activating the Marriott Bonvoy® China CITIC Bank Gold Card, cardholders are automatically awarded Marriott Bonvoy Silver Elite status and 5 Elite Night Credits, which accelerates members on their pathway to Elite status. There will be additional benefits — earning 2 points for every RMB 18 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. Upon activating the Marriott Bonvoy® China CITIC Bank Platinum Card, cardholders will enjoy Marriott Bonvoy Gold Elite status, 10 Elite Night Credits and 1 Free Night Award for a stay of up to 12,500 points3. There will be additional benefits — earning 2 points for every RMB 10 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. Upon activating the Marriott Bonvoy® China CITIC Bank Premium Platinum Card, cardholders will enjoy automatic Marriott Bonvoy Gold Elite status, 15 Elite Night Credits and 2 Free Night Awards, each valued at 35,000 points3. Upon spending RMB 500,000 with the Marriott Bonvoy® China CITIC Bank Premium Platinum Card within a 12-month period after the card activation, cardholders will be awarded Marriott Bonvoy Platinum Elite status and 1 additional Free Night Award for a stay of up to 35,000 points3. There will be additional benefits — earning 3 points for every RMB 10 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. Marriott Bonvoy has rolled out a series of limited time offers, which give cardholders who apply and activate their Marriott Bonvoy® China CITIC Bank Co-branded Credit Card between June 28 and August 31 2022 the opportunity to earn more bonus points. Marriott Bonvoy® China CITIC Bank Gold Card cardholders who spend RMB 10,000 within the first three months of card activation can earn 5,000 Marriott Bonvoy bonus points. Marriott Bonvoy® China CITIC Bank Platinum Card cardholders who spend RMB 20,000 within the first three months of card activation can earn 15,000 Marriott Bonvoy bonus points Marriott Bonvoy® China CITIC Bank Premium Platinum Card cardholders who spend RMB 30,000 within the first three months of card activation can choose to accelerate their way to the Marriott Bonvoy Platinum Elite status or earn 50,000 Marriott Bonvoy bonus points. More Ways to Explore Cardholders can enjoy an exclusive 10% off on the Club Marriott membership fee4, as well as purchases from the Marriott Bonvoy Boutiques website, a prestigious collection of branded online retail stores offering curated, premium and exclusive products from Marriott Bonvoy's hotels to enjoy at home. Cardholders can also enjoy up to 20% dining discounts and receive 10% off best available rate on accommodations at hotels participating in Marriott Bonvoy in China5 (including all managed hotels and selected franchised hotels). In addition, they can travel with fraud and flight delay insurance to improve their travel experience. More details about the Marriott Bonvoy® China CITIC Bank Co-branded Cards are available here. * View terms and conditions that card benefits associated with each of the three cards and limited time offers, please click here. About Marriott Bonvoy® Marriott Bonvoy, Marriott International's award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy's portfolio of 30 extraordinary brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments, or through partners for luxurious products from Marriott Bonvoy Boutiques website. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, Twitter, Instagram and TikTok. About China CITIC Bank Credit Card Center The China CITIC Bank Credit Card Center manages and operates the credit card business of China CITIC Bank. Based in Shenzhen, the Center first began issuing credit cards in December 2003. It is the national headquarters and the first branch-level franchise institution of China CITIC Bank's credit card business. As of November 1, 2021, the Center has issued in excess of 100 million credit cards, making it one of the leading credit card issuers of joint-stock commercial banks in China. For more information, please visit our website at https://creditcard.ecitic.com/ or connect with us on Weibo @中信银行信用卡. About China CITIC Bank China CITIC Bank was founded in 1987. It is one of the earliest emerging commercial banks established during China's reform and opening-up and also China's first commercial bank participating in financing at both domestic and international financial markets. A keen contributor to China's economic development, the Bank is renowned at home and abroad for brushing numerous track records in the modern Chinese financial history. In April 2007, the Bank simultaneously listed its A and H shares at the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. The Bank has persevered in serving the real economy, engaging in stable healthy business operation and keeping abreast with the times. Thriving through over 30 years' growth and expansion, the Bank has become a financial conglomerate with strong comprehensive competitiveness and powerful brand influence, registering more than RMB8 trillion total assets and nearly 60,000 employees. As at the end of 2021, the Bank had 1,415 outlets in 153 large and medium-sized cities in China. For more information, please visit our website at http://www.citicbank.com/ or follow @中信银行 on weibo. NOTES TO EDITORS Marriott Bonvoy® China CITIC Bank Co-branded Card Key Features: See Terms and Conditions for details Marriott Bonvoy® China CITIC Bank Gold Card Marriott Bonvoy Silver Elite status Annual welcome of 5 Elite Night Credits Exclusive Hotel Discounts: 10% off on room discount at hotels participating in Marriott Bonvoy in China when booked directly through Marriott Bonvoy website and app 10% off on F&B at hotels participating in Marriott Bonvoy in China 10% off site-wide on Marriott Bonvoy Boutiques 10% off on Club Marriott membership fee at participating hotels in China Accelerate points earning through daily spending: Earn 2 points for every RMB 18 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. Fraud insurance and 4-hour flight delay insurance Marriott Bonvoy® China CITIC Bank Platinum Card Marriott Bonvoy Gold Elite status Annual welcome of 10 Elite Night Credits and 1 Free Night Award (Redemption level up to 12,500 points3) Exclusive Hotel Discounts: 10% off on room discount at hotels participating in Marriott Bonvoy in China when booked directly through Marriott Bonvoy website and app 20% off on F&B at hotels participating in Marriott Bonvoy in China 0% off site-wide on Marriott Bonvoy Boutiques 10% off on Club Marriott membership fee at participating hotels in China Accelerate points earning through daily spending: Earn 2 points for every RMB 10 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. High-valued Fraud Insurance, 4-hour flight delay insurance and aviation accident insurance Car Roadside Assistance and hospital registration Up to 4 times airport lounge access or up to 8 times high-speed train station lounge access per year Marriott Bonvoy® China CITIC Bank Premium Platinum Card Marriott Bonvoy Gold Elite status Annual welcome of 15 Elite Night Credits and 2 Free Night Awards (Redemption level up to 35,000 points each3) Exclusive Hotel Discounts: 10% off on room discount at hotels participating in Marriott Bonvoy in China when booked directly through Marriott Bonvoy website and app 20% off on F&B at hotels participating in Marriott Bonvoy in China 10% off site-wide on Marriott Bonvoy Boutiques 10% off on Club Marriott membership fee at participating hotels in China Accelerate points earning through daily spending: Earning 3 points for every RMB 10 spent at hotels participating in Marriott Bonvoy and 1 point on all other purchases2. Milestone Awards: Spend RMB 500,000 within a 12-month period after the card activation and enjoy: Marriott Bonvoy Platinum Elite status 1 Free Night Award (redemption level up to 35,000 points3) High-valued Fraud Insurance, 4-hour flight delay insurance and aviation accident insurance Car Roadside Assistance and hospital registration Up to 16 times airport lounge access or up to 32 times high-speed train station lounge access per year 1 Terms and Conditions apply. The application for Marriott Bonvoy® China CITIC Bank Co-branded Card is only open to residents in mainland China. 2 Where applicable terms of qualified daily spending/eligible daily purchases are provided, the terms and conditions of Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards shall prevail. For detailed terms and conditions of Marriott Bonvoy® China CITIC Bank Co-branded Credit Cards, please go to the official website of China CITIC Bank Credit Card Center at http://creditcard.ecitic.com/shenqing/wanhao/index.shtml or Marriott Bonvoy at http://marriottbonvoyasia.cn/CITICcard.3 Certain hotels charge a resort fee.4 Club Marriott provides exclusive dining and accommodation benefits to members at over 330 Marriott Bonvoy participating hotels and resorts in Asia Pacific. Please refer to the following link: https://www.myclubmarriott.com/.5 Terms apply, for full list of participating hotels, please check it at the official website of Marriott Bonvoy website at https://marriottbonvoyasia.com/CITICcard

Global Ground Station Services Market to be Transformed by Innovative Business Models

Emerging business models help users cost-effectively schedule their data exchange tasks with their respective satellites, says Frost & Sullivan SAN ANTONIO, June 29, 2022 /PRNewswire/ -- Multiple aggregator business models are a prominent factor in the evolution of the ground station market, according to Frost & Sullivan's recent analysis, Growth Opportunities for Global Ground Station Services. The models integrate excess/idle ground station terminal capacity into an automated digital platform, helping users cost-effectively schedule their data exchange tasks with their respective satellites. Driven by a surge in demand for cloud-based ground station services, the global ground station services market is expected to reach $7.96 billion by 2030, an uptick at a compound annual growth rate (CAGR) of 2%. Ground station services market For further information on this analysis, please click here. "Optical communication payloads will witness deployment across space and ground segments for mission operations, especially for low earth orbit (LEO)-based small satellite missions," said Ehrar Shariff, Aerospace & Defense Research Analyst at Frost & Sullivan. "This move to optical communication will help decrease interference from other satellites and significantly reduce installation costs." Shariff added: "In the next three years, multiple aggregator business models and new ground stations will evolve globally. Further, the trend of ground station-as-a-service (GSaaS) will remarkably reduce costs with its pay-as-you-go model. Also, the adoption of this model will significantly lower the bar to entry for small satellite operators." New technological advancements and an expansion to the ground station network will unlock growth opportunities in the ground station services market, including: Leveraging the increasing demand for aggregated business models to meet government and commercial customers' needs by offering cost-effective end-to-end services. Offering affordable services to attract new customers entering the ground station services market. Although optical communication is faster and more secure, it is more expensive. Incorporating optical payload capabilities to improve or expand service providers' portfolios. Existing satellites cannot communicate with payloads using laser communication. Growth Opportunities for Global Ground Station Services is the latest addition to Frost & Sullivan's Aerospace & Defense research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion Growth Opportunities for Global Ground Station Services K706 Contact: María Celeste Bailo Corporate Communications E: celeste.bailo@frost.com https://www.frost.com/

Businesses Winning Women's Hearts to Thrive: 9 Mega Trends Leading the Way in the Sheconomy

With a significant rise in women's consumer spending, businesses across industries are turning toward AI-enabled solutions to better understand female clients, says Frost & Sullivan SAN ANTONIO, June 29, 2022 /PRNewswire/ -- The increasing economic power of women worldwide encourages investors across sectors to adopt a growth strategy that focuses on women as consumers, finds Frost & Sullivan's recent analysis, Nine Mega Trends Leading the Sheconomy. Women's shift in consumption and spending patterns with the rise in their income will create immense potential for online retail, large-format convenience stores, and doorstep services. Also, global female income is expected to reach $29.3 trillion annually by 2026, up from $23.2 trillion in 2020. 9 Mega Trends Leading the Way in the Sheconomy For further information on this analysis, please click here. "In the next five years, female consumer spending will grow significantly, creating opportunities across sectors. As more women rise in corporate or business, they will need efficient financial services that cater exclusively to their needs," said Vinay Venkatesan, Global Research Manager for TechVision at Frost & Sullivan. "This trend in the Sheconomy will compel industries such as retail, finance, and automotive to deploy artificial intelligence (AI)-enabled services to cater to the unique needs of growing women professionals." Venkatesan added: "As 80 million more women are expected to join the global labor force by 2030, females on company boards will create a new wave of both corporate and retail consumers. Additionally, organizations need to have women-oriented business models to target them as professionals and customers." To tap into the female-powered economic growth prospects: Financial organizations should invest in developing a women-oriented bank that offers financial solutions and client support to help make the right financial decisions. Companies need to collaborate with start-ups to design personalized digital health solutions for female health issues, focusing on information, diagnoses, and treatments. Retailers should integrate gender intelligence to create a shopping environment that's more appealing to female consumers. Nine Mega Trends Leading the Sheconomy is the latest addition to Frost & Sullivan's TechVision research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion Contact: Nicole Ryder Corporate Communications E: Nicole.Ryder@frost.com https://www.frost.com/ Nine Mega Trends Leading the Sheconomy K71E

The real portable air conditioner ZERO BREEZE Mark 2 is leading a cool trend in outdoor living

WALNUT, Calif., June 29, 2022 /PRNewswire/ -- ZERO BREEZE, the inventor of the first real portable air conditioner, is leading a trend by offering the cooling experience to outdoor lovers. As the latest portable air conditioner of the company, ZERO BREEZE Mark 2 is sold to thousands of users in over 40 countries and regions. The company recently upgraded its product solutions, and is going to launch its 1st Fans Day in July. With a better understanding of its consumers through its Direct-to-Customer strategy, ZERO BREEZE commits to improve its user experiences and product solutions. From this May, customers can order customized adapters from its fans community or official website, which enables more users with different power systems to adapt the products. "Our mission is to offer innovative solutions that suit the needs of passionate campers, RVers, boat owners, and outdoor lovers, bringing them an extra mile closer to adventure," said Max Ma, the founder of ZERO BREEZE, "with a strategic focus on R&D and supply chain capabilities, we are committed to easing outdoor living with innovations. Thanks to the latest technology adopted by ZERO BREEZE Mark 2, users are able to enjoy outdoor activities as long as they wish." No More Sweating at Camping Nights Portability is at the heart of product design. ZERO BREEZE Mark 2 only weighs 16.5 pounds and features 1/3 size of traditional air conditioners. Its micro twin-cylinder compressor is as small as a cola can, reaching the perfect balance of lightness and performance. ZERO BREEZE, as the industry-first to adopt the compressor, also brings a unique air duct system to the small-sized unit. Powered by a 24V battery, ZERO BREEZE Mark 2 is available for up to 5 hours of normal use. The solar panels and in-car plugs also give users more flexibility under off-grid conditions. Introducing the "spot cooling" concept to the outdoor living industry, ZERO BREEZE Mark 2 is designed to cool down the temperature only around users. This technology provides a comfortable environment for a limited area with less power consumption. Performance Beyond the Value Summer has arrived. Imagine being in a tent, in a recreational vehicle, or on a sailboat under the temperature of 100 °F with high humidity, the ZERO BREEZE Mark 2 will blow cold air up to 30 °F lower than the ambient temperature. Enjoy a cool and refreshing outdoor summer in 10 minutes. ZERO BREEZE Mark 2 is available for purchase at $999 on their website. About ZERO BREEZE ZERO BREEZE, established in 2016, is a tech-driven outdoor living brand. Since the launch of the first portable air conditioner ZERO BREEZE Mark 1 in 2016, ZERO BREEZE has been in relentless pursuit of the perfect synergy of innovative technology and user experience. With its footprint in more than 40 countries and regions, ZERO BREEZE is dedicated to creating an easy-to-use and unmatched experience for outdoor lovers around the world. For more information, please visit ZERO BREEZE official site: www.zerobreeze.com.

Mapan secures US$15 Million from Global and Indonesian investors in Series A Funding aimed at improving financial access for Indonesians

Series A round saw participation from Indonesian giants PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra), Blibli, BRI Ventures, SMDV, and Prasetia Dwidharma, as well as global venture capital firms Patamar Capital, Flourish Ventures and 500 Global Fresh funds will be deployed to grow product range, expand customer reach, and driving financial inclusion through the introduction of products that remove barriers and provide access to financing SINGAPORE, June 29, 2022 /PRNewswire/ -- Mapan, an Indonesia-based leading startup focused on eliminating barriers to financial access for the masses in the country, today announced it has closed a successful Series A round of US$15 million. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra), with participation from Indonesian giants BRI Ventures, SMDV, Blibli, Prasetia Dwidharma, and global venture capital firms Flourish Ventures and 500 Global. With this successful fundraise, Mapan will now look towards growing their core Arisan service through expanding their product range and partnering with top suppliers. An aspect of Indonesian culture, Arisan is a form of informal social gathering, where members will take turns to purchase products for the group. The firm will also introduce a larger variety of Arisan schemes, and expand its reach, targeting to make their digitised Arisan product available to 10 million households in Indonesia by 2026. In its aim to drive financial inclusion in the country, where 51 per cent[1] of adults in Indonesia lack access to banks or other forms of formal financial services, Mapan will also introduce other products to enhance financial inclusion and improve access to financing sources for the masses. Since 2015, Mapan has also focused on the empowerment of women leaders of Arisan groups, which are traditional women-run rotating savings groups, through the introduction of its Arisan application. Through the recruitment of women leaders and influencers as agents and creators of Arisan groups, Mapan has provided affordable goods financing to more than three million households to-date. Women influencers and leaders of Mapan's Arisan groups can also count on receiving additional benefits, such as commission from product sales, incentives for recruiting and educating new agents, and other performance milestones, thereby bringing financial equality to women from low-income families in Indonesia. "In Indonesia, women play a key role in managing their family's finances, and Arisan is the manifestation of this process. We are honoured that through the Mapan Arisan product, they have been empowered to help their communities improve their ability to purchase household goods, thus boosting their quality of life. We are committed to continue to work closely with them to evolve our solutions that provide life-changing financial access at scale," said Ardelia Apti, Mapan's newly appointed CEO. Mapan was founded in 2009 with a mission to improve the quality of life for the masses in Indonesia through solutions that will help eliminate barriers to financial resources for low-income communities. Through the usage of Mapan's Arisan product, lower-income groups can increase their buying power to purchase household goods such as cookware, electronics, and furniture. The firm also currently provides other products and services such as bills payment application, Mapan Pulsa, and consumer goods resale platform, Mapan Mart. Director of Astra Gidion Hasan said, "In line with Astra's aim to prosper with the nation, Astra wishes to contribute in advancing the quality of life of the people of Indonesia, one of which is by contributing in the advancement of Indonesia's digital economy. The collaboration with Mapan is one of our ways to enable people from all walks of society to meet their daily needs." "We love Mapan's unique approach to amplify the power of women in the communities. The concept of Arisan has been core to Indonesian culture for many years, and by digitising it, Mapan brought scalability to the age-old practice. We are excited to play our part in Mapan's next phase of growth, as it looks to improve financial access and the quality of lives of Indonesians.", said Dondi Hananto, Partner at Patamar Capital. On the sidelines of this fundraise, the firm recently announced the appointment of Ardelia Apti as its Chief Executive Officer (CEO). Ardelia and her team are committed to delivering Mapan's promise of improving the lives of Indonesians through technology, while driving the firm's expansion and product development. Prior to Mapan, Ardelia Apti established deep business experience in fintech and deep tech space. She spent 5 years with Gojek, part of the GoTo Group, in several roles. During her time at Gojek, Ardelia co-built its Swadaya programme, a benefits programme for Gojek driver-partners that helps them save on daily expenses, and also headed GoPay's Offline Payments business, driving QR payment solutions for consumers, businesses, and MSMEs. She was also previously country director for AI company Element, Inc., and a consultant at McKinsey & Company. Aldi Haryopratomo, Founder and Board of Commissioner member at Mapan commented, "With this new fundraising round from a strong base of both Indonesian and global investors, we are excited by the new phase that is now ushered in. This represents support for Ardelia's vision of building a community of women to ensure that Indonesian families become financially self-sufficient, and we are excited to further drive this forward." Mapan currently operates in Java, Bali, Sumatera, Nusa Tenggara, and Sulawesi, and plans to expand its operations across the rest of Indonesia. [1]https://www.statista.com/statistics/1246963/unbanked-population-in-selected-countries/ About Mapan Established in 2009, Mapan (PT Ruma) has a mission to increase the Indonesian people's access, life quality, and income through technology. Through 1 application, Mitra Usaha Mapan can access various products and services to earn income and start a business. Mapan has reached more than 3 million members who have joined the Mapan Arisan, Mapan Pulsa, and Mapan Mart services spread across almost all districts and cities in Java, Bali, Sumatra, and Sulawesi. As we advance, Mapan has the vision to be able to reach all parts of Indonesia to help millions of Indonesian families to be able to achieve a better quality of life. Users can now access Mapan products and services through the Mapan application. Mapan app is available on the Google Play Store. Visit www.mapan.id, www.facebook.com/MakinMapan, or on Instagram @MakinMapan for more information.

Nova Credit Announces Estimated Bankruptcy Rate 0.185% in Q2 2022

HONG KONG, June 29, 2022 /PRNewswire/ -- According to the latest macro-economic data (as of 1 June 2022) and the unemployment rate (provisional figures) released on 17 June 2022, NOVA announces the latest estimated bankruptcy rate for the next 12 months at 0.185%. Based on the 5.6 million HK credit-eligible population, the estimated number of bankruptcy is about 10,472, which is slightly more than 7,197, the number of bankruptcy petitions in 2021 recorded by the Official Receiver's Office throughout the year. Calculation of this estimated bankruptcy rate is based on the latest macro-economic data in recent months, during the fifth wave of the epidemic in Hong Kong, two important indicators—the unemployment rate and gross domestic product (GDP) were significantly adversely affected. Undoubtedly, the tightening of anti-epidemic measures has seriously impacted the local economy. The local economy deteriorated significantly in the first quarter of 2022. The GDP in the first quarter of 2022 fell by 9.77% from the fourth quarter of 2021. The latest figure is 6,726.17 million HKD, decreased 4.0% year-on-year. Personal Consumption Expenditure (PCE), an important consumption factor for GDP, also fell 13.73% quarter-on-quarter. Meanwhile, the unemployment rate rise from 3.9% where is the lowest point in the past six months in November 2021 - January 2022 to 5.4% in February - April 2022, then fall slightly to 5.1% in the latest March – May 2022. It is expected that economic in Hong Kong to resume normalcy under a stable epidemic situation while continue to adjust the social distancing measures in a timely manner according to Paul Chan, the Financial Secretary of Hong Kong, told a Legislative Council panel on 6 June 2022. We will continuously monitor the macro-economic environment and its impact on the number of bankruptcy cases accordingly, leverage innovative technology for sharing valuable findings with the banking sector for making more accurate and timely business decisions. About Nova Credit Nova Credit Limited is a credit reference agency (CRA) established under the framework of The Personal Data (Privacy) Ordinance of Hong Kong in 2017. Nova Credit is one of the selected CRA that participates in the Multiple Credit Reference Agencies Model ("MCRA Model") initiated by the Hong Kong Association of Banks, the Hong Kong Association of Restricted Licence Banks and Deposit-Taking Companies and Hong Kong S.A.R. Licensed Money Lenders Association Ltd and supported by the Hong Kong Monetary Authority. Nova Credit aims to provide innovative credit reference service to consumers and small and medium-sized enterprises via emerging high-end technology and professional credit reference expertise. Moreover, Nova Credit acts as Fintech enabler for the financial industry, so that financial institutions can fully benefit from state-of-the-art credit & risk technology and smart data analytics. Nova Credit is ready to take the credit bureau service in Hong Kong to the next level by contributing to the development of the Greater Bay Area and connecting other CRAs and financial infrastructure in the region for legitimate and seamless access to financial data. For more details, please visit www.nova-credit.com. Media Contact Nova Credit LimitedSheeta LeungMobile/ WhatApps: (852) 6998 2712Email: Sheeta.Leung@nova-credit.com

Symbio partners with Cisco to launch Webex Calling solution in Singapore

SYDNEY, June 29, 2022 /PRNewswire/ -- Symbio Holdings Limited (ASX: SYM), a leading voice communications software provider, today announced the launch of a unified communications solution for Cisco's Cloud Connect for Webex Calling, available to Cisco resellers and their customers in Singapore. In a first for the Singapore telecommunications market, the capabilities will enable Cisco resellers to deliver a simple, cost-effective cloud communications solution for Webex Calling, enabling end users to make calls locally and globally via Symbio's global voice network. The cloud native solution removes the need for on-premise infrastructure, significantly reducing hardware and deployment costs to support businesses as they migrate towards a cloud-based future. The announcement follows Symbio's initial entry into Singapore in 2021, making it the first fully inter-connected voice carrier to build local network capabilities in the country for more than 20 years. The latest integration in Singapore builds on Symbio's strong partnerships with Cisco in Australia and New Zealand, where the company provides cloud native calling capabilities for customers across enterprise and government sectors. Symbio Co-Founder and CEO Rene Sugo said, "Bringing our unified communications offering to Singapore signifies a significant step in our regional business expansion strategy. We are proud to be setting the pace for innovation and disrupting Singapore's telecommunications sector by giving customers access to Cisco cloud calling capabilities that were not previously possible in the country." Andy Lee, Country Manager, Cisco Singapore and Brunei said, "Today's employees are working from everywhere - from home, the office and anywhere in between. Whether they're calling, creating, sharing, or using voice or presence capabilities, they need to do it from a variety of devices and the experience needs to be seamless. The ability to innovate and scale hinges on quality collaboration and communication including cloud calling. As the leader in cloud calling, Cisco and our Partners - such as Symbio - will deliver an end-to-end, secure calling experience with best-in-class innovations to customers." Symbio's seamless integration with Cloud Connect for Webex Calling will enable Cisco resellers to deliver a compelling end-to-end solution. With Symbio's fully integrated, cloud PSTN (public switched telephone network) service, Webex customers can now make calls from the home, office or anywhere in the world using one global provider. Iain Falshaw, Chief Executive of Symbio's UCaaS division said, "Symbio's integration with Cisco will unlock collaboration opportunities for businesses across Singapore by giving them access to our global voice network. In the same way Symbio has provided this solution to Cisco partners in Australia and New Zealand we are very excited to be able to offer Cisco's current and future partners in Singapore the same high-quality calling experience." Symbio's integration with Cisco Cloud Connect for Webex Calling is available to Cisco value added resellers in Singapore from today. About Symbio Symbio (ASX: SYM) is a software company changing the way the world communicates. Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers. Symbio is the backbone for the global cloud communication industry. Over 500 service providers – from telecom start-ups to the world's biggest software companies – rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges. Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide. For more information about Symbio visit www.symbio.global

Collectius acquires more than US$800 million of non-performing loans in Vietnam for the first time

SINGAPORE, June 29, 2022 /PRNewswire/ -- Collectius, a leading restructuring partner for financial institutions in Asia, acquired its first portfolios in Vietnam since entering the market at the end of last year, securing more than US$800 million of non-performing loans (NPLs) from a Vietnam-based commercial bank. The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date, and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common due to the impact of the pandemic. The NPLs were a joint acquisition by Collectius and IFC, a member of the World Bank Group. Both parties partnered in 2020 to launch a $60 million Distressed Asset Recovery Platform Program (DARP)[1] that focuses on the acquisition and resolution of distressed assets across emerging markets. Through this program, it helped many customers across the region meet their financial obligations and regain creditworthiness. IFC is also a minority equity shareholder in Collectius. In addition, Collectius recently acquired NPL portfolios from a leading super app in Southeast Asia, as part of a regional deal that covers five countries including Vietnam. Through these NPLs acquisitions, Collectius now serves more than 195 thousand customers in Vietnam and is in discussions with several financial institutions to acquire more portfolios. Banks in Vietnam are expected to see rapid credit growth this year as the economy reopens following two years of COVID restrictions, and the ratio of non-performing loans in the country is likely to increase as the regulatory forbearance to restructure loans is set to expire. The loan moratorium issued by the State Bank of Vietnam, which allows banks to extend their debt repayment terms to customers, will come to an end on 30 June 2022. "Vietnam is one of the fastest growing economies in the world and the banking system, alongside the central bank, is accelerating the process of handling and restructuring bad debt. As a leading fintech pioneer in unsecured debt purchases, we are excited to work with partners in the country to contribute to a well-functioning NPL market that is key to a healthy banking sector", said Gustav A. Eriksson, Group CEO at Collectius. Entrusted by major banks and financial institutions, Collectius continues to reinforce its position as the preferred debt purchaser of consumer NPLs in Southeast Asia, employing technology and digital-led strategies to build additional servicing capacity. It employs what it calls the 'Collectius Way of Collections' – one that is rooted in ethics, compliance with local and international regulations, and a personalised and tailored approach. Collectius also ensures that all customers who undergo its processes benefit from greater financial literacy by gaining knowledge about the accumulation of interest and the different fees that banks and creditors add to an NPL, while guiding them on the journey to becoming debt-free About Collectius Collectius is a leading restructuring partner for financial institutions in Asia. With operations in Singapore, Indonesia, Philippines, Malaysia, Thailand, India and Vietnam, it has a growing footprint of over five million customers across these markets. Collectius aims to transform the debt management industry in Asia. Its processes are specifically designed to provide an end-to-end digital user experience that is secure, simple, and frictionless. It is digitally driven to facilitate an efficient and professional mediation process, that sets the benchmark for the wider industry. Collectius is majority-owned by its two founders Gustav A. Eriksson and Ivar Björklund, with the remainder owned by International Finance Corporation (IFC), Stena AB and Formica Capital. [1] IFC press room, IFC and Collectius launch the first distressed asset recovery platform to address the impacts of COVID-19 on the banking sector and consumer finance in East Asia Pacific. 16 September 2020.

REERACOEN SINGAPORE STUDY SHOWS WORKERS PRIORITIZE FOUR-DAY WORKWEEKS OVER FINANCIAL BENEFITS

The firm's recent survey found workers here prefer flexible and positive work cultures. SINGAPORE, June 29, 2022 /PRNewswire/ -- Leading recruitment agency Reeracoen Singapore found in a recent survey that local workers prioritize flexible and positive work cultures over increased salaries and bonuses when it comes to leaving or staying at a job. "Flexible working arrangements may be a good acquisition and retention strategy for companies in this global war for talent,” says Mr. Kenji Naito, Reeracoen Group CEO As the UK starts its pilot for four-day work weeks, a recent survey by Reeracoen found that three-quarters of respondents wished for a four-day workweek of 10 hours daily as a preferred mode for flexibility. As a top recruitment firm dealing first-hand with companies and jobseekers, Reeracoen recognizes this paradigm shift of attitudes in the global and local labor markets, noting how increasingly difficult it is for companies to attract and retain talent. An overwhelming majority of employees hope that flexible hours and remote and hybrid work stays. However, a global Microsoft study this year found that 50% of leaders want their staff back in the office. Reeracoen's Regional General Manager, Mr. Kosuke Soejima, said: "Our surveys and recent hiring trends show us that offering an attractive salary or title is no longer enough to attract or retain employees, especially amidst the backdrop of the "Great Resignation" worldwide." Reeracoen also found that jobseekers here echo these trends. Leading by example, the company revisited its working model and found that the local team adapted quickly. Hiring part or full-timers and offering remote, hybrid, and flexible working options for staff has been the norm since the COVID-19 pandemic hit. Its new model empowered existing staff work to juggle work, and personal commitments as Reeracoen found that staff increasingly want to be trusted to manage their days and time. "Our results show that flexible working hours are a win-win solution for both employers and employees," says Reeracoen's Regional General Manager, Mr. Kosuke Soejima, "We were able to hire those who have been stay-at-home mums for many years or parents who require flexible working arrangements. These seasoned professionals gave up their career because they felt they had to choose between work and family." "The Flexi hours have empowered me to manage my family and work," says Ms. Chen Weilian, a full-time Career Adviser with Reeracoen. "It reduces the stress and guilt often associated with preceding time spent with my children for work," says Ms. Weilian, "and grants me the autonomy from the rigid work in office model." "Offering workers flexible working arrangements may be a good acquisition and retention strategy for companies in this global war for talent," added Reeracoen's Group CEO, Mr. Kenji Naito. "By shaping our Singapore business model around the needs of our staff, we were able to hire permanent part-time with specialized skills, without negatively impacting our operating costs." Despite the island nation's shift back to pre-pandemic working arrangements, Reeracoen Singapore plans to continue its current work arrangements in the interest of work-life harmony for all staff. About Reeracoen Singapore Reeracoen Singapore Pte Ltd is one of Singapore's leading recruitment agencies. With our extensive networks, we effectively source and match high-caliber candidates to our partners. Our clients enjoy peace of mind knowing that as part of the Neo-career group, Reeracoen is committed to delivering the same Japanese professionalism and service quality across our 12 offices in 8 Asian countries. Website: https://www.reeracoen.sg/en LinkedIn: https://www.linkedin.com/company/reeracoen-singapore-pte-ltd For more information, kindly contact: Valerie OngMarketing Manager, Reeracoen Singapore Pte LtdEmail: valerie@reeracoen.sg

REERACOEN SINGAPORE STUDY SHOWS WORKERS PRIORITIZE FOUR-DAY WORKWEEKS OVER FINANCIAL BENEFITS

MioTech Opens Singapore Office, Expanding Climate and ESG Solutions to the Southeast Asia Market

SINGAPORE, June 29, 2022 /PRNewswire/ -- MioTech, Asia's leading sustainability solutions provider, announced today the opening of its Singapore office, alongside the appointment of Thomas Yap as General Manager of Southeast Asia. The expansion will accelerate MioTech's pioneering of carbon and ESG technology across the region and worldwide. Having cemented its leadership position in Greater China, MioTech looks to broaden its presence into Southeast Asia's foremost finance hub. As disclosure requirements continue to develop, MioTech's data and platforms empower financial institutions, banks and asset managers in their ESG and climate reporting, financial products as well as in green investment and portfolio decision-making. Simultaneously, MioTech supports the corporate sector in achieving their sustainability goals, engaging companies to report ESG data and carbon footprints to stakeholders. It also works with corporations especially across high-emitting industries to curb emissions and to develop carbon assets with its IoT-enabled carbon accounting software and net zero advisory teams. Through Singapore, the company will tap into Southeast Asian economies undergoing energy transition and actively participate in growing carbon markets. "Singapore plays a critical role in connecting Asia and the world, possessing a wealth of talent and established ESG regulations. Joining the Singapore market enables MioTech to have a greater influence on the world," said Thomas Yap, General Manager at MioTech. "I'm delighted to have Thomas join MioTech's talented team," said Jason Tu, CEO and Co-founder of MioTech. "Having led software development for over 20 years in Asia-Pacific, Thomas possesses the rich industry knowledge and skills needed to drive our South East Asia expansion". To complement its increased presence in the region, MioTech also launched its Singapore and Southeast Asia ESG dataset which marks the region's first-to-market ESG data coverage. This represents an important milestone not only for the company but also for the entire ESG and data landscape. As of date, MioTech's rich data repository includes over 4 million public and private companies globally. About MioTech MioTech uses artificial intelligence to solve the sustainability, climate change, carbon emissions reduction, and social responsibility challenges faced by financial institutions, corporations, governments and individuals. Its comprehensive coverage of ESG data helps financial institutions make the right decisions in green finance and responsible investments. Its software helps corporations manage ESG reporting, improve energy efficiency, track and reduce carbon emissions. Its app builds green-conscious communities and promotes low-carbon lifestyles among individuals. Founded in Hong Kong, MioTech also has offices in Shanghai, Beijing, and Singapore. Its world-renowned investors include ZhenFund, Horizons Ventures, TOM Group, Moody's, HSBC, Guotai Junan International, GIC, and J.P. Morgan Asset Management. For more information, please visit https://www.miotech.com

In the first quarter of 2022, the S/S Collection of Sunon Furniture made its debut at its recent opened global headquarters, aiming to redefine the wo

2022 New Collection: Workplace Redefined HANGZHOU, China, June 28, 2022 /PRNewswire/ -- The impact of the pandemic on the workplace demonstrated the importance of flexibility and engagement in the future workplace. Creating a functional workplace entails bringing together all of the necessary parts and placing them where and how they make the most sense, both practically and visually. As one of the leading office solution providers, Sunon designed well-crafted office essentials that help keep users comfortable, alert, and organized. 2022 New Collection This innovative, up-to-date Spring/Summer collection that caters to the demands of an ever-changing workplace culture, ensuring that every company remains relevant far into the future. It offers varied and distinctive design choices with a large product selection for all zones and areas of the office living environment. Luxury Redefined: Tailor-made for the Leaders Atlaes Executive Range Created by Sunon's partner, the German design team of Form and Branch, Atlaes combines durability, luxury, comfort, and professionalism to make a statement in the private office. With the help of a built-in 3D gesture sensor, Atlaes executive desk has an automatic lift span of 750 mm to 1140 mm. Clad in Nappa leather, Atlaes chair strikes a perfect balance between comfort and beauty, providing a pure and luxurious design aesthetics. Atlaes file cabinet can be divided into six sections to keep every office space organized according to diversified demands. Its embedded infrared ray-sensing light enhances the space, creating a warm and relaxing ambiance. Ai 8 High-end Storage System This luxurious tailor-made presidential office system highlights the harmonious coexistence of doors, walls, and cabinets for executive offices, public spaces, and reception/lobby area. Shelf panels come in many variations. Upholstered or curved, property owners can always find the right look to fit into their surroundings. They can also configure their space based on their current needs and reconfigure it when their needs evolve. Privacy Redefined: For Focus Time & Hybrid Collaboration F6 III Sofa System The Flower 6 Modular Sofa got an upgrade as well this year. Be it a public space, an office lobby, semi-private discussion areas, learning spaces or hybrid meeting spaces, Flower 6 III aims to create an amiable atmosphere where ideas collide. With beautiful curves and modular units like rotating writing boards, tea tables, corner sofas, privacy screens, power modules, and footstools, the possibilities are endless for creating a customized versatile workspace. Verdure Panel System 4C Workspace – Concentration, Cooperation, Communication, and Consideration Workspace divided based on 4C features does not create boundaries or limit creativity, but will fully stimulate the work potential. High-end acoustic material can reduce noise to provide a quiet environment for the focused work. Verdure is a fully customizable system designed for flexibility, collaboration, and privacy. Comfort Redefined: Leading in Ergonomics Winger III Task Chair With refined and enhanced lumbar support, the upgraded Winger III office task chair now offers matchless comfort and ergonomic support to better correspond to the natural curve of the human lumbar vertebra. Detachable upholstery crafted with high-density foam padding is convenient to clean and replace while serving constant and reliable support to employees. Winger, the embodiment of both elegance and functionality. Model Office Chair The visually striking Model series is born to be unique, bold, and unconventional. The eye-catching slender base, pastel colors and minimalist design adds an artistic appeal to the surroundings and encourages people around to think outside the box. Designed for Agile and Hybrid workplaces, Model is lightweight, movable and offers multiple delightful colors, and can address the varied seating demands of meeting rooms, training rooms, and collaboration areas. Workspace Redefined: Benching & Desks with Integrated Storage Lido Benching System So many choices. So many possibilities. Sunon's upgraded Lido benching system that combines the best features of our office systems and offers a holistic and customizable solution. It is truly versatile and adaptable, having 6 types of legs, 2 leg colors, 6 flexible screens, and 5 uni-body thin screen materials with over 20 shades and colors. Match various desktop colors with different screens, flexible storage and cabinets, power and wire management system, and conference tables, to create a uniform design aesthetic for the open office space. I-Varna II Office System I- VARNA is designed with efficiency in mind, to store files, documents, and office tools. The desk, file cabinet, and back cabinet with different colors combine in a harmonious way to obtain a concise yet elegant appearance. Different combinations can be used to implement different team forms and versatile screens meet various space matching requirements of modern offices. I-VARNA conference table are also available in multiple desktop sizes to handle different conferencing needs. Learn more about the company's New Collection and their furniture solutions for the workplace 2022.

HKEX to Include ETFs in Stock Connect on 4 July

HONG KONG, June 28, 2022 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint announcement issued today (Tuesday) by the Hong Kong's Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), on the inclusion of Exchange Traded Funds (ETFs) into Stock Connect, with effect from Monday, 4 July 2022. HKEX, Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing Corporation (CSDC) have previously agreed on the Stock Connect inclusion and trading arrangements, as well as eligibility criteria for ETFs. When the inclusion takes effect, trading of eligible SSE-listed ETFs through Shanghai Connect and trading of eligible SZSE-listed ETFs through Shenzhen Connect will be, for the first time, open to all Hong Kong and overseas investors including institutional and individual investors. The initial list of ETFs eligible for Northbound trading, with data cut-off date on 29 April 2022, is published on the designated page on the HKEX website. Every six months reviews will be performed to determine eligible ETFs for Northbound trading. HKEX will continue to work closely with its Mainland exchange partners to ensure the successful launch of the inclusion to benefit Mainland, Hong Kong and international investors. Please refer to the circular issued today for further details. ****** About HKEX Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world's leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress it markets and the communities they support for the prosperity of all. www.hkexgroup.com

Georges Cohen acquires 5% shareholding in Squared Holding S.A

In addition to his investment, Georges brings listing expertise LIMASSOL, Cyprus, June 28, 2022 /PRNewswire/ -- SquaredFinancial, headquartered in Europe, has welcomed back co-founder Georges Cohen who has returned to the company as an investor. Georges is a renowned French businessman who joined Capgemini at the age of 17 as a sales commercial engineer in 1970 and climbed the ranks to become one of its directors. In 1990, he left the group to found Transiciel, one of France's fastest growing information technology consulting groups. In 2003, he merged Transiciel to Capgemini through a share exchange offer. Following this transaction, Georges was tasked to merge Sogeti and Transiciel. Georges successfully led the operation and managed the new entity, which was established in many countries throughout Europe and the United States. Currently based in Geneva, Cohen has created a family group which predominantly invests in technology and commodities, one of which being Altergaz – the first independent natural gas company in France. In particular, Georges enjoys helping with the development of young companies and sharing his expertise. The family group portfolio is diverse and present in many countries. Cohen took control of Robex, a Canadian gold mining company in Mali Philippe Ghanem, founder and executive chairman of Squared Financial, said: "We are in a new phase of execution as our scale and size are being driven by demand. Georges wanted to return to the fold as he shares our vision. "Our trajectory of increasing capital means we have the funds to acquire technology and continue to attract the best talent, and, as in this case, returning talent. Georges brings with him a wealth of expertise in capital markets and companies listing, which is something we have always been clear that we aim to achieve." Georges explained: "When Philippe and I founded this company in 2005, we wanted to build the financial institution of the future. Our vision is now a reality, and I want to continue to be a catalyst for success by funding further technology capability. Traders want a timely, personalised, accessible platform, and we are well capitalised to meet future demand." SquaredFinancial sees thousands of clients trading every day on its platform. The FinTech incorporated allows customers to trade the world's most popular markets with seven different asset classes and more than 20,000 trading instruments. https://www.squaredfinancial.com

4th Edition of WTCA Prime Office Index LatAm Proves Projections for the Premium Office Segment Are Increasingly Positive in Latin America

The index started at -40% in 2020 and closed at 2% for the first half of 2022 with expectations to continue growing. Leasing is projected to recover faster than the sales segment. Premium office users value buildings with features and technologies that make them environmentally sustainable. BOGOTÁ, Colombia, June 28, 2022 /PRNewswire/ -- The World Trade Centers Association® (WTCA®) — a global network connecting over 300 World Trade Center® (WTC®) locations in nearly 100 countries — has launched the 4th edition of its WTCA Prime Office Index Latin America (LatAm) in collaboration with global business publication Latin Trade. After gradually reducing the restrictions generated by the pandemic caused by COVID-19, the real estate sector — one of the hardest hit, specifically in the premium office segment — is beginning to indicate a positive trend in the market. This has been evident to experts since December 2021 and continues to grow, according to the latest WTCA report. This index, which consults experts in more than 20 cities in Latin America, seeks to track the recent behavior and future prospects of premium office leases and sales in Latin America every six months. For the first half of 2022, the results are positive by 2%, one point higher than the previous semester, and there are expectations that this trend will continue to occur in the future, both in the leasing market and in the sales market as there is a better economic situation. There is confidence that higher prices will be achieved. This reflects the economic recovery that the countries of the region are having after the COVID-19 pandemic. Another of the main findings was that by the end of 2022, the index is expected to continue to rise, both for the leasing and sales markets. Premium office leases during the first half of 2022 showed a positive trend driven by rising prices, a more favorable economic situation, and more offices located at the highest price level. Although the premium office market has recovered after the pandemic, it still does not achieve its maximum occupancy. Despite this and many companies reducing the size of their offices, 35% of respondents reported price increases. In addition, 50% establish that the average price of leases during the year's first half is between U.S. $ 12 and U.S. $ 18 per square meter. "While in the second half of 2021, the economic situation was the factor that most negatively affected the leasing of premium offices in Latin America, the first half of 2022 was characterized by an increase in the percentage of experts who consider that the economic situation is favorable for leases," said Carlos Ronderos, WTCA Latin America Regional Director. However, both the behavior of the premium sales market for the first half of 2022 and the expectations for the second half are projected in positive territory. About 75% of respondents consider that the sale price of an office remained stable, and 65% expect it to continue by the end of this year. Despite the results obtained, the sector still has a lot of uncertainty due to inflation and the conflict between Russia and Ukraine. In short, the sales market has reacted more slowly than the leasing market, among other reasons, due to increases in interest rates. On the other hand, environmental sustainability in premium offices is beginning to be part of the panorama evaluated by experts, as all industries are focusing on achieving the objectives established in the Paris Agreements. The report highlights that a vital path has been traveled, as 50% of respondents say that in their cities, premium office users very much value buildings with features and technologies that make them environmentally sustainable. In addition, it is suggested that different governments should establish tax incentives and rules that require the incorporation of environmental criteria into new construction projects. The trend for the end of 2022 and the beginning of 2023 is for the market to continue growing. Expectations for the second half of 2022 show that optimism about the economic situation will continue, and that lease prices will remain stable. Experts expect vacancy times to go down, as well as the time it takes to lease offices. In the office sales segment, although no major changes in the economic situation are predicted, it is expected that sales times will remain stable and that sales prices will be projected upwards. For the full report, visit https://issuu.com/wtca/docs/wtca_latam_index_june_2022?fr=sNmEwNjMxODMwNg. MEDIA CONTACTS: World Trade Centers Association (WTCA)Chanelle KasikPhone: +1 212 432 2644Email: ckasik@wtca.org Violet PRDavid MargolisPhone: +1 646 586 9932Email: david@violetpr.com About World Trade Centers Association (WTCA) The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the "World Trade Center" and "WTC" trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.

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