Tag Archives: FIN

PR Newswire

Fueled by growth and expansion, SM supports MSME communities

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PASAY CITY, Philippines, Dec. 23, 2022 /PRNewswire/ — SM is looking forward to working with communities especially during tough times to sustain and support growth and recovery.

As SM pursues expansion and growth, it contributes to increasing economic activity and growing business resilience that support hundreds of thousands of micro, small and medium enterprises (MSMEs). These MSMEs make up 99.5% total business enterprises in the Philippines and generate over 5.3 million jobs or 62.7% of the country’s total employment.

“As we expand, we are mindful about how this brings meaningful support to communities,” SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio said.

SM acts as a marketplace to over 90,000 MSMEs partners, playing the big brother role and helping them navigate mainstream retailing. SM’s retail stores serve as platforms to offer their products, master their entrepreneurial skills and grow their businesses. SM also provides holistic support through marketing advice, financial access as well as promotion and advertising.

During the pandemic, SM waived rental fees to support the business continuity of MSME partners. SM Supermalls’ Start-Up Market program in high-traffic malls also helps budding online entrepreneurs to put up kiosks in SM malls without the burden of costly rental fees and construction costs.

Through the Farmers’ Produce Markets, a joint project of SM Supermalls, the Department of Agriculture and Resto PH, an association of restaurants in the Philippines, SM helped bring local farmers closer to SM customers and allowed restaurateurs to access fresh vegetables especially during the pandemic disruptions to the supply chain that left farmers and local food establishments with very limited options where to sell their products.

Through BDO Network Bank, SM provided MSMEs and the beneficiaries of Overseas Filipinos with businesses key access to funds. The MSME Kabuhayan Loan is designed to assist small business owners in need of extra funding to increase their inventory of stocks, purchase business equipment and assets, or pursue expansion plans.

With the pandemic displacing the livelihood of many Filipinos, a number of them have become social entrepreneurs selling products online. 2GO Express, which is part of SM’s logistics business, provided them crucial support through solutions that connected sellers and buyers through pickup and delivery services across the Philippines. The company also partnered with FedEx Express, allowing Filipinos to ship their products to various international locations.

Through Airspeed, its other logistics company, SM provided affordable and dependable pick-up and delivery service—a vital support component for the MSME sector. PinaSpeed offered online pick-up and delivery service to micro-businesses in NCR, Rizal, and Cavite and soon in other areas at very reasonable rates.  

Despite economic and geopolitical headwinds, SM is keen on pursuing growth and expansion in 2023 to provide vital support to the economy that will reach more communities.

SM has been increasing its focus on provincial areas where local economies are growing faster Over 80 percent of SM’s new retail stores are in provincial areas where a good chunk of growing overseas remittances flow into. 

“We will continue to invest in growth as we are still seeing more communities that need access to various goods and services,” Mr. DyBuncio said.

PR Newswire

Media, think tanks urged to contribute to China-Arab community with shared future

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BEIJING, Dec. 20, 2022 /PRNewswire/ — A news report from China.org.cn on the building of a China-Arab community with a shared future and the responsibilities of media and think tanks:

More than 50 experts and scholars called for media and think tanks to contribute to the building of a China-Arab community with a shared future at an online seminar on Dec. 15.

The seminar was hosted by China International Communications Group (CICG) and jointly organized by its Center for Europe and Africa, China.org.cn, and Egypt’s Bayt Al-Hekma Cultural Group. 

An online seminar on the building of a China-Arab community with a shared future and the responsibilities of media and think tanks is held on Dec. 15.
An online seminar on the building of a China-Arab community with a shared future and the responsibilities of media and think tanks is held on Dec. 15.

Gao Anming, vice president of CICG, said via video link that the first China-Arab States Summit and the first China-Gulf Cooperation Council Summit recently held in Riyadh represent an epoch-making milestone in the history of China-Arab relations.

Gao said that the Belt and Road Initiative (BRI) aligns with the development vision and future plans of many Arab countries. The all-round, multi-tiered and wide-ranging practical cooperation between China and Arab countries has been accelerated and upgraded under the framework of the BRI. 

Gao noted that as China-Arab relations enter a new historical stage, the two sides should adopt a higher historical perspective and a broader global vision, further leverage their advantages, map out more precise, efficient and practical paths for media and think tank exchanges and cooperation, build more platforms for cooperation and exchange, and promote mutual visits and dialogue.

Gao urged the two sides to continue to increase the frequency, scale and level of exchanges, strengthen discussions and exchanges on common topics, and make joint contributions to the building of a China-Arab community with a shared future oriented to the new era through close cooperation between media and think tanks.

Ahmed Al-Saeed, CEO of Bayt Al-Hekma Cultural Group, pointed out that China-Arab friendship and cultural exchanges date back to ancient times, with historical relations always being based on mutual respect. As the world is undergoing profound changes unseen in a century, it is necessary for China and Arab countries to continue friendship and enhance cooperation. China has set an example for Arab countries to explore their own development path, and China also needs the support of Arab countries, he said. 

He added that think tanks and media will play a positive role in the development of China-Arab relations, consolidate mutual trust, and promote the transition from a unipolar stage to a multipolar one in a turbulent world, so as to create a future of unity rather than division.

Wu Sike, former Chinese representative to the League of Arab States and former Chinese special envoy to the Middle East, pointed out that media exchanges are an important way to promote mutual understanding between the peoples of China and Arab countries and an important bond for boosting people-to-people ties. 

In the face of profound and complex changes in the international and regional situation, Chinese and Arab media should adhere to the concepts of mutual respect, exchanges and mutual learning, solidarity and mutual assistance, understand and support each other on issues concerning each other’s core interests, strengthen solidarity and cooperation on international and regional issues, practice multilateralism in the true sense, and uphold international fairness and justice and the common interests of developing countries, he said.

Experts at the meeting agreed that over the past years, China-Arab relations have made great progress in various fields, but there remains a certain information deficit. In the process of building a China-Arab community with a shared future oriented to the new era, media and think tanks of the two sides should consciously undertake the mission and responsibility of promoting China-Arab communication and exchanges, and use their respective strengths to advance people-to-people exchanges between China and Arab countries. 

They added that media and think tanks should jointly amplify their voices to the outside world, break the distortion and smearing of China-Arab cooperation by the United States and other Western powers, remove the path of dependence on Western studies and the dualistic narrative mode, introduce the real situation of China-Arab cooperation to the world, and give a strong voice for China and the Middle East to the international public, and jointly safeguard the image and interests of developing countries to create a favorable international public opinion environment for China-Arab friendly exchanges and common development. 

They concurred that media and think tanks should strengthen exchanges and cooperation, increase mutual visits and dialogue, build more platforms for cooperation and exchanges, and pool and leverage their strength.

Based on the consensus reached among the event’s attendees, Hu Baomin, director of the Center for Europe and Africa, delivered a closing speech for the seminar. He said he hoped that both sides can take the seminar as a new starting point to advance people-to-people exchanges between China and Arab states, and make their due contributions to the building of a China-Arab community with a shared future, the common good of the two peoples, and the future development of China-Arab relations.

Media, think tanks urged to contribute to China-Arab community with shared future

http://www.china.org.cn/world/2022-12/19/content_85018362.htm 

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PR Newswire

The Leading Fintech Firm NEXGO — Will Attend IBEX India 2023

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MUMBAI, India, Dec. 19, 2022 /PRNewswire/ — NEXGO is thrilled to be a part of IBEX India 2023! For this conference, we prepared a product row. This lovely setup will provide your company with a complete payment ecosystem. The QR code payment cloud speakers, KD58 and KD58C, are unquestionably popular due to their ease of use, convenience, and flexibility. NEXGO cloud speakers are always compatible with QR code payment. Furthermore, NEXGO’s new product KD58-DQR will be showcased at IBEX India 2023.


The 10th edition of IBEX India, India’s most comprehensive Conference, is set to take place from January 19 to 21, 2023, at the Jio Convention Centre in Mumbai. The conference, “BFSI Tech Trends for Collaborative Banking,” organized alongside a large format exhibition provides a platform for all stakeholders in the BFSI (Banking, financial services, and insurance) sector to come together, explore, understand and deliberate on the challenges and opportunities in adapting innovative & future focused BFSI technologies.


NEXGO will also introduce several new payment solutions and hardware products, including the N82 and UN20. The N82 is intended to provide a slim, portable, and fashionable smart POS terminal with high configurations, allowing your customers to have a more enjoyable payment experience. UN20 is an innovative unattended payment terminal that can assist your customers in providing a great self-service experience. It’s easy to integrate into other vending machines and external devices, and it opens a world of possibilities.


FinTech firms are rapidly turning to the cloud to provide effective solutions to businesses and consumers. According to a survey, 87% of businesses intend to accelerate their cloud migration by 2025. As a result, NEXGO CLOUD is what we must meet the market’s requirements. In this case, NEXGO CLOUD will allow FinTech companies to accelerate their business growth.


NEXGO will focus on trending topics in IBEX India 2023, such as financial services, future banking, digitization, fintech ecosystem, technology, innovative digital payment solutions, and so on, as a globally influential fintech enterprise with rapid development for over 20 years. Make plans to attend this fully immersive event that will be of great interest to anyone working in the BFSI Tech and Fintech sectors. NEXGO will be at booth A105a, ready to show you the promising future of cashless payment.

Learn more:
https://www.nexgoglobal.com/

Contact us:
sales@xgd.com

PR Newswire

GLN and KB Join Forces to Establish Global Payment Network

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–         KB Kookmin Bank to join GLN network to expand Korea-driven global payment network

–         Korean financial groups cooperate to strengthen global payment network and lead the future financial ecosystem

–         KB Kookmin Bank to provide mobile payment and ATM withdrawal service to customers in Thailand, Taiwan, Singapore, Japan, Vietnam, Laos, Hong Kong, Guam and others through GLN

SEOUL, South Korea, Dec. 19, 2022 /PRNewswire/ — GLN International (GLN), the global payment network company established by Hana Financial Group, signed MOU with KB Kookmin Bank to join the global payment network.

One of the largest Korean bank which has fiercely competed in a global market, decided to cooperate with GLN to expand the network together.

GLN (Global Loyalty Network) is global payment network service provider which connects international financial companies, distribution channels and reward point providers so that users can enjoy cross-border mobile payment, ATM withdrawal service and remittance.

Hana Bank first introduced GLN in April, 2019 by launching the global mobile payment service and spun off ‘GLN International’ in July, 2021, to facilitate network business and secure independence from its mother company.

GLN’s service is provided through Hana 1Q, the mobile banking application of Hana Bank, which offers mobile payment service in Thailand, Taiwan, Singapore, Vietnam, Japan, Laos, Hong Kong, Guam and mobile ATM withdrawal service in Japan, Vietnam, Laos, thanks to the partnership between GLN and local partners.

KB Kookmin Bank’s application KB Starbanking, LiivNext, KB Wallet users will also be able to use GLN’s cross-border mobile payment and withdrawal service, based on MOU signed between GLN and KB.

GLN International’s CEO Han Jun-Seong said, “To succeed in a global business, the mutual cooperation among Korean financial companies is requisite. KB Kookmin Bank decided to join GLN network as agreed on needs to provide Korea-driven payment service to customers whereas previously having to rely on foreign-driven network processors”.  

As KB Kookmin Bank joins GLN’s network, other financial companies in Korea are also expected to participate in the group. More companies joining the network will strengthen the competitiveness of GLN, and Korean financial market as a whole.

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PR Newswire

Superior Plus Propane Continues to Lead in Innovation by Choosing Acterys as their Preferred xP&A Platform

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Superior Plus Propane adds Acterys to its fintech stack to streamline xP&A processes and optimize daily reporting of their distribution channels.

NEW YORK, Dec. 16, 2022 /PRNewswire/ — Superior Plus Propane, a leading distributor of propane and related products in the U.S., has selected Acterys as their partner to transform extended Planning & Analysis (xP&A) processes.

The team was looking for a solution that can provide instantaneous data refresh capabilities and integrate directly into Power BI, allowing them to see updates in real-time on their dashboards. After trying to achieve the same with PowerApps, they realized how complicated the entire process was due to its lack of flexibility.

Superior Plus Propane found Acterys to be the most suitable solution to help simplify and automate propane distribution reporting, planning, and forecasting with its Power BI writeback capabilities. The performance management platform offered superior functionality and ease of use, allowing the propane distribution giant to leverage their existing Microsoft tech stack and expertise.

“Acterys has been a great partner for us and gets us one step closer to reaching our analytics goal as a company. The implementation was really streamlined, thanks to the support from the Acterys team. We are just at the tip of the iceberg of what this great tool is capable of, and so far, the feedback from our end users has been great. Acterys has been a key part of our team’s shift towards a more data-driven organization.”

– Chad Lovelady, Manager of Data Analytics 

Acterys delivers unparalleled reporting, planning, and analytics in popular front-end interfaces, like Tableau, Power BI, and Excel, and complements the functionality with a robust backend data infrastructure in Azure/SQL. It offers connectivity to any data source, automated data integration, and modeling. Workflows can be set up to automatically refresh data – something that is very complicated to do with solutions like PowerApps.

“Our enthusiasm for the journey ahead with Superior Plus Propane only grows as we look at how they are using Acterys today. Leveraging real-time data, SPP will be empowered to make informed decisions companywide – a whole new level of progress! Can’t wait to see what comes next!”

– Mike Zack, COO of Acterys

About Superior Plus Propane

Superior Plus Propane is a leading U.S. distributor and marketer of propane and distillates and related products and services, servicing approximately 500,000 customer locations.

About Acterys

Acterys enables instant clarity for present & future through end-to-end analytics & planning solutions for major ERP and SaaS solutions. On top of the single version of the truth data model, the solution offers out of the box templates for all performance management aspects that can be easily customized by business users in their familiar environments like Power BI & Excel. This typically guarantees significant cost savings as multiple disparate CPM solutions e.g., separate applications for data analytics, consolidation, and planning, are consolidated on a single platform based on Microsoft standard technologies. For more info, please visit https://www.acterys.com/

Mike Zack
Acterys
sales@acterys.com
Visit us on social media:
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PR Newswire

Moomoo wins Best Investment Research Tech at the Benzinga Global Fintech Awards

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Moomoo Recognized for 2nd Straight Year at Benzinga Global Fintech Awards

PALO ALTO, Calif., Dec. 16, 2022 /PRNewswire/ — Moomoo, the tech-driven online financial services platform, was named Best Investment Research Tech at the 2022 Benzinga Global FinTech Awards.

Best Investment Research Tech 2022
Best Investment Research Tech 2022

For the second year, moomoo was named to the Benzinga Fintech Listmakers in the categories of Best Investment Research Tech and Best Trading Technology. Winning the Best Investment Research Tech resonates with moomoo’s commitment to enabling smarter trading through its digital financial services platform with comprehensive data, strategic insights and advance tools.

“We are grateful to Benzinga and their panel of judges comprised of their editorial staff, industry leaders and advisors for recognizing moomoo once again at this year’s Global FinTech Awards,” said Justin Zacks, moomoo’s VP of Strategy. “This recognition validates our relentless dedication to technology that transforms the investor experience.”

Moomoo’s investment research tools are good for investors and traders at different levels. These professional and easy-to-use tools provide powerful fundamental and technical analysis allowing users to:

  • Follow and pick stocks with features like the stock screener with 100+ indicators, heat map, heat ranking by different categories, 16 individual industrial chains, earning report calendar, and institutional tracking.
  • Analyze individual stocks with visualized financial data, short sale analysis and short interest, technical indicators interpretations, and visualized fundamental analysis.
  • Utilize advanced charting with 63 technical indicators and 38 line drawing tools.
  • AI features that find similar charts to a chosen stock and identify stocks with large price and volume changes in real-time.

Moomoo’s mission is to provide investors at all levels of experience with an intuitive and powerful investing platform leveraging the power of technology. Moomoo users have access to real-time and in-depth data including pre-market and after-market quotes, Level 2 data, and real-time options chains. Additionally, users have access to market news and insights from around the globe, educational courses and content, and the ability to connect with over 19 million global users through moomoo and its sister brand Futubull.

About Benzinga Best Investment Research Tech Award

This accolade of Best Investment Research Tech is given to the best solution provider for long-term or passive investors looking to understand their holdings and discover new opportunities. A seasoned group of judges comprised of Benzinga staff, industry leaders and advisors in the space vetted all the nominees carefully and scored them on a range of topics including company background, accomplishments, successes and more. For a full list of Benzinga’s 2022 Listmakers and winners, please visit: https://www.benzinga.com/events/fintech-awards/winners/ To learn more about the award and selection process: https://www.benzinga.com/events/fintech-awards/ – faq

About Moomoo

Moomoo is a next-generation one-stop digital financial services platform created by Moomoo Technologies Inc., a fintech company based in Palo Alto, California.

Moomoo integrates trading, market data, and social networking with advanced features, such as AI-powered analytics and anomaly detection functions. It supports free online account-opening and provides access to trade stocks and ETFs in multiple global markets such as the United States, Hong Kong SAR, Singapore, and Australia. Moomoo and its brand affiliates also offer rich investor education content and an interactive online community with over 19 million users in more than 200 countries globally.

Moomoo’s parent company is the Nasdaq-listed fintech company Futu Holdings Limited (“Futu”), which is headquartered in Hong Kong SAR. Futu’s subsidiary is also one of the largest brokerages in Hong Kong SAR. On March 8, 2019, Futu was listed on Nasdaq (stock symbol: FUTU).

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.

Accolades are not indicative of future performance. Moomoo Technologies Inc. is not affiliated with Benzinga. For additional information, please visit: https://www.benzinga.com/events/fintech-awards/winners/

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Source: Moomoo Technologies Inc.

PR Newswire

PureSoftware announces partnership with Databricks to empower businesses to unlock the power of integrated data ecosystem

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SINGAPORE, Dec. 13, 2022 /PRNewswire/ — PureSoftware, a global software products and services major announced its partnership with Databricks, a lakehouse company, excelling in enabling businesses to unify data and AI seamlessly to take data analytics potential to a new level. The Databricks Cloud Platform is designed for organizations that require an integrated view of data across multiple clouds and hybrid deployments, allowing businesses to make better decisions faster.

As a Databricks system integration partner, PureSoftware will combine the platform capabilities of Databricks with its data and AI expertise to create an integrated data ecosystem for both multi-cloud and hybrid cloud business models. The partnership will assist businesses to leverage the best of both worlds – Data lakes and Data warehouses, to simplify structural complexities in data governance, data engineering, data sharing, data streaming, and data science besides managing large-scale data pipelines to access real-time insights.

About PureSoftware

PureSoftware is a global software products and digital services company that has been driving transformation for the world’s top organizations across multiple verticals, such as banking and financial services, telecom, healthcare, gaming, and entertainment. Arttha, by PureSoftware, is a globally trusted financial technology platform. It helps businesses embrace digital solutions in the areas of consumer and MSME banking, agency/ branchless banking, digital lending, payments, BNPL and merchant management. Arttha5G, by PureSoftware is an ORAN-compliant 5G platform that enables companies to deploy digital RF front-end solutions for enhanced connectivity.

For more information, visit https://puresoftware.com/.

Media Contact:

Amitabh Chaudhary
amitabh.chaudhary@puresoftware.com 

PR Newswire

Rebound Plastic Exchange ready to unlock new opportunities for recycled plastics in Hong Kong

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Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide.

ABU DHABI, UAE, Dec. 9, 2022 /PRNewswire/ — Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to enter the Hong Kong market in full swing following its increased activity across the Middle East, North America, Latin America, India, Southeast Asia and Europe. The global marketplace promises quality assurance and trust by vetting the members and listings posted onto the marketplace, thus helping Hong Kong and the industry achieve its targets and keep plastic out of the environment.

In 2016, Hong Kong exported nearly 1.78 million tonnes[1] of recycled plastic waste to China, most than any other country in the world. In 2020, plastics still made up 21% of the city’s total municipal solid waste (MSW), though with a 27% increase in locally recycled plastics[2] . The Hong Kong Legislative Council then passed the Waste Charging Scheme in 2021 with hopes to reduce per capita waste disposal by 45% and increase recycling rates by 55%[3]. As the highly anticipated scheme is about to begin in 2023, and with the new Waste Blueprint for Hong Kong 2035 entering into force, Rebound Plastic Exchange is ready to enable the city to unlock more investment opportunities to support its growing recycling targets and initiatives.

Maryam Al Mansoori, General Manager, Rebound Plastic Exchange, said, “Recent data shows plastic waste represents approximately 20% of municipal solid waste disposal in Hong Kong. [4] This statistic could very well be leveraged as the world’s plastics market is forecasted to reach $46.6 bn by 2025.”

Rebound Plastic Exchange’s increased activity in Hong Kong will only complement the regional government’s commitments towards the Basel Convention’s Amendments on the trade of plastic and thus unlocking the world’s plastics, one country at a time. Active buyers and sellers on Rebound Plastic Exchange come from over 21 countries, helping source plastic feedstock at the preferred price ranges.

Industry members, whether buyers or sellers of recycled plastics, can register on Rebound Plastic Exchange free of charge and access a global marketplace for quality assured feedstock.

[1] https://ourworldindata.org/grapher/plastic-exports-to-china

[2] https://www.wastereduction.gov.hk/sites/default/files/msw2020.pdf

[3] https://www.wastereduction.gov.hk/en/index.htm

[4] https://www.gov.hk/en/residents/environment/waste/management/prsplastic.htm

PR Newswire

Infobird Co., Ltd Announces Receipt of Delinquency Notification Letter from Nasdaq

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BEIJING, Dec. 9, 2022 /PRNewswire/ — Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), ), a leading and long-standing SaaS providers in serving large enterprises in the finance industry in customer engagement with over 10 years of experience in China, today announced that it received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on December 6, 2022 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice provides that the Company has a period of 180 calendar days from the date of the Notice, or until June 5, 2023, to regain compliance with the minimum bid price requirement.

The Notice has no immediate effect on the listing of the Company’s securities. Pursuant to the Notice, the Company has until June 5, 2023 to regain compliance with the minimum bid price requirement, during which time the Company’s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before June 5, 2023, the bid price of the Company’s ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance to the Company. In the event that the Company does not regain compliance by June 5, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.

The Company intends to monitor the closing bid price of its ordinary shares and will continue to consider its available options to address the deficiency during the compliance period.

About Infobird Co., Ltd

Infobird Co., Ltd. (Nasdaq: IFBD), is a software-as-a-service, or SaaS, provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. Leveraging self-developed cloud-native architecture, AI and machine learning capabilities, patented Voice over Internet Protocol, or VoIP, application technologies, no-code development platform, and in-depth industry expertise, it primarily provides holistic software solutions to help its corporate clients proactively deliver and manage end-to-end customer engagement activities at all stages of the sales process including pre-sales and sales activities and post-sales customer support. It also offers AI-powered cloud-based sales force management software including intelligent quality inspection and intelligent training software to help our clients monitor, benchmark and improve the performances of agents. For more information, please visit http://www.infobird.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; and the Company’s expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

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PR Newswire

Daejeon Metropolitan City in Korea successfully held an virtual IR event with the inspiring local manufacturers and US VCs

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DAEJEON, South Korea, Dec. 7, 2022 /PRNewswire/ — Daejeon Metropolitan City and Business and Employment Agency of Daejeon in Korea successfully held an virtual IR event with the inspiring local manufacturers in Daejeon and US VCs.

This virtual IR event is an annually program with the purpose of revitalizing the local manufacturers and encouraging global investment relationship. Within this project, 14 local manufacturers in Daejeon are incubated with diverse aids: producing promotional materials, training IR skills, consulting business model, etc.

This year, Daejeon Metropolitan City has selected 14 selective local manufacturers in Daejeon to be in this virtual IR event. All of them are offering significantly promising solutions: MOTH with the carbon composite propeller, Hexa-Check with the wearable 6-channel ECG, UNIVR with VR home training service and especially newest products from FILOS, JCORE, SECOND GROUND, WOORIN Korea, Big Pictures, East Photonics, Airapha, DD Global, MEDICOS Biotech and TnF.AI.

Daejeon Metropolitan City will hold overseas in-person event in the future with deeper incubation for startups and also improvement in their supporting system by connecting and cooperating with global market as their new strategy.

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