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PR Newswire

SOS Ltd. Announces Pricing of $110.0 Million Registered Direct Offering

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QINGDAO, China, Feb. 12, 2021 — SOS Limited (NYSE: SOS) (the "Company" or "SOS"), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $110,000,000 worth of its American Depositary Shares ("ADS") and warrants in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 22,000,000 million ADSs and warrants to purchase 16,500,000 million ADS. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $5.00. The warrants will expire five years from the date of issuance. The purchase price for one ADS and one corresponding warrant will be $5.00. The determination of the purchase price was based on the average of the Company’s closing stock price over the past five trading days. The gross proceeds to the Company from the registered direct offering are estimated to be $110,000,000 before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering is expected to close on or about February 17, 2021, subject to the satisfaction of customary closing conditions.

The Company intends to use the proceeds from the offering to develop its planned blockchain-based security and insurance technology business as well as for working capital and general corporate use.

Maxim Group LLC is acting as sole placement agent in connection with this offering.

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3 (File No.: 333-250145) filed with the Securities and Exchange Commission (the "SEC") dated November 17, 2020, and declared effective on November 30, 2020. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About SOS Limited

SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. SOS is focused on the research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence. We have created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories, including basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud (News Today, E-Commerce Today). This system provide marketing-related data, technology solutions, and technology-driven big data to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers and other service providers in the emergency rescue services industry. SOS has obtained a national high-tech enterprise certification, the title of "big data star enterprise" awarded by Gui’an New District Government, and has registered 96 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/ 

Forward-Looking Statements

Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management’s expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans and etc. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. SOS may not realize its expectations, and its beliefs may not prove correct. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2019. SOS’s SEC filings are available publicly on the SEC’s website at www.sec.gov. SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

PR Newswire

TradingCrypto Introduces New Website, Featuring Cutting-Edge Trading Platform

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LONDON, Feb. 12, 2021 — Amidst a rise in demand for online trading services in 2021, as a result of volatility in the markets, online trading brokerage TradingCrypto has announced that its new trading website is on air, and that registration has already surpassed expectations since its launching, earlier this year.

"We’re flattered by the trust our new traders have put in us, and we certainly don’t take it for granted," said Donald Reilly, TradingCrypto’s spokesperson, in response to the news. "We’ve put a whole lot of effort into this new website, deploying the most recent technology to ensure a speedy, secure and user-friendly interface and experience."

Bringing something new to the world of trading

The brand has taken the highest standards of customer service on one hand, and enjoying the benefit of reputation on the other. That is why TradingCrypto has taken every means necessary in order to provide the best support and service available, as current and joining traders can attest.

"The key principle, by which our decisions have been made ever since we were at our founding stage, is that our success must be a result of our customers’ success," added the spokesperson. "That is why it was important for us to offer something on this website that they cannot get anywhere else: a new standard of ultra-fast support service, handling any request or issue that may come up, on a 24/6 basis."

The new website, tradingcryp.com, offers a wide array of tradable crypto coins, but is not limited to this type of assets. Traders can choose from a wide variety of stocks, commodities, indices, and forex pairs as well.

About TradingCrypto

Founded by an elite selection of brokers and analysts, all with years in the business of online trading, TradingCrypto aims at basing itself as a leading trading platform in 2021. Its users have a wide variety of assets to choose from, with full access to all relevant market charts, research data, analytics and many other tools. All actions can be executed via the MetaTrader web platform, suitable for all kinds of devices – including tablets and mobile phones – and via the brand’s proprietary app. tradingcryp.com plans on introducing several more benefits in the near future.

Related Links :

https://tradingcryp.com

PR Newswire

Future FinTech Group Inc. Announces the Closing of $11.9 Million Registered Direct Offering

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NEW YORK, Feb. 12, 2021 — Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 2,000,000 shares of its Common Stock at a purchase price of $5.95 per share on February 11, 2021. The gross proceeds of this offering are $11,900,000. The Company issued a total of 2,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement on Form S-3 (File No. 333-224686) relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement related to the offering was filed with the SEC on February 11, 2021 and is available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on February 10, 2021, as amended which can be viewed at www.sec.gov.

About Future FinTech Group Inc.

Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects. The Company is also engaged in the development of blockchain based technology and services as well as financial technology services. For more information, please visit http://www.ftftex.com/.  

Safe Harbor Statement 

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2019 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

PR Newswire

TD Holdings Inc. Closes $24.5 Million Private Placement with Affiliated Investors

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SHENZHEN, China, Feb. 11, 2021 — TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced the closing of a private placement of 15,000,000 shares of its common stock to the Company’s chief executive officer and chairwoman, Ms. Renmei Ouyang, and a significant shareholder, Mr. Shuxiang Zhang for gross proceeds of $24,450,000. Each share of common stock is being sold at a purchase price of $1.63, which is the closing bid price on the day immediately prior to execution of the securities purchase agreement.

The Company expects to use the net proceeds of the offering for general corporate purposes, working capital, or other related business as approved by the board of directors of the Company. The shares were issued in reliance upon an exemption from the registration requirements pursuant to Regulation S of the Securities Act of 1933, as amended, and the affiliated investors do not have any registration rights pursuant to the Securities Purchase Agreement by and among the Company and the affiliated shareholders.

Ms. Renmei Ouyang, CEO and chairwomen of the Company commented, "The completion of this offering represents management and significant shareholder’s confidence in the Company’s future. We believe this financing positions the Company well for transitioning from traditional commodities trading and supply chain management services to digital technology driven trading services which could potentially transform the transaction, settlement and logistics models of commodity trading, and to greatly improve our operating efficiency and cash liquidity for our corporate clients."

About TD Holdings, Inc.

TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information please visit http://ir.tdglg.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of TD Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company’s operations, the demand for the Company’s products and services, global supply chains and economic activity in general. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Investor Relations:
Dong Cao       
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +86 13502048965

Related Links :

http://ir.tdglg.com/

PR Newswire

Chargebee ranked #1 among all Finance Products in 2021 by G2 Crowd

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Chargebee recognized among the top software products in 2021.

SAN FRANCISCO, Feb. 10, 2021 — G2’s audience of software users has ranked Chargebee among the ’50 Best Finance Products’ list for 2021. Chargebee was also recognized on four additional G2 Best of lists including being ranked #6 in ‘Best Small Business Products’ and #19 in the ‘Best Software Products of 2021′ list. This award is significant because it’s based on real Chargebee users’ verified reviews against thousands of other verified reviews on G2. These reviews were written and published between January 1, 2020 – December 31, 2020. A year that has changed the way people look at software.

"Being ranked for Finance Products, validates our value proposition to our Customers. We are committed to simplify the revenue processes within organisations, to bring about agility and sophistication in their revenue workflows. Our Customers continue to drive our product roadmap to build the best subscription management and billing platform," says Krish Subramanian, CEO & Co-founder of Chargebee.

Many companies in response to the COVID-19 pandemic, needed to accelerate their digital transformation efforts and quickly adapt to newer revenue models. This meant companies in different stages of growth came to Chargebee to quickly adapt to a subscription model that promises recurring revenue & experiment with various discounts, packaging and promotional strategies. They chose Chargebee because of the platform’s ease of use, robust library of pre-built integrations, powerful developer tools, and scalability across stages of growth. They were able to take quicker pivots, make informed decisions and be resilient through a world crisis. "We are proud to see our customers emerge as champions during testing times, and we feel humbled to partner with them, as enablers of change"; adds Krish.

With nearly 100,000 companies and over 1 million reviews listed on G2, only a small subset of these companies are placed by G2’s audience on the top software list. Being recognized in categories such as Highest Satisfaction Products & Fastest Growing Products, adds a feather to the cap and validates why the company focuses on customer centricity as an important part of its culture and processes. 

Criteria: Winners were determined based on reviews left at G2.com between Jan. 1, 2020 and Dec. 31, 2020. All scores are calculated using G2’s algorithms, including for Satisfaction and Market Presence, explained in detail here. Further information on methodology is available upon request.

About Chargebee

Chargebee automates revenue operations of high-growth, subscription-based business. Its SaaS platform helps SaaS, ecommerce and subscription-based businesses manage and grow their revenue by automating subscriptions, billing, invoicing, payments and revenue recognition processes and it provides key reports, metrics and insights into their subscription business. Founded in 2011, Chargebee is used by over 2,500 companies globally including businesses like Freshworks, Calendly, Okta and Study.com.

For more information, visit www.chargebee.com or follow us on Twitter @chargebee.

 

PR Newswire

Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting

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BEIJING, Feb. 9, 2021 — Mercurity Fintech Holding Inc. (the "Company") (Nasdaq: MFH) today announced the results of its 2021 Extraordinary General Meeting, held on February 5, 2021 in Beijing, where it adopted resolutions, effective immediately, to: (i) increase the authorized share capital of the Company from US$50,000 to US$250,000; and (ii) re-elect following nominees as members of the Company’s Board of Directors:

Name

Title

Hua Zhou

Director and Chairperson of the Board of Directors

Haohan Xu

Director

Longming Wu

Director

Xiaoyu Li

Director

Tony C. Luh

Director

Paul L. Gillis

Director

Yuan-Ching (Samuel) Shen

Director

 

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend, " "ought to, " "plan, " "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should," "is likely to" and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. 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. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:
Xingyan Gao
Mercurity Fintech Holding Inc.
ir@mercurity.com
Tel: +86 (10) 5360-6428

Related Links :

http://ir.ccjmu.com/

PR Newswire

WeBank Named in Gartner “The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally”

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SHENZHEN, China, Feb. 5, 2021 — WeBank named in Gartner’s report "The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally"1 in 2020.

According to Gartner1, "The China blockchain service network (BSN) is a technical infrastructure designed to support and enable the majority of blockchain applications in the Chinese market and provide the backbone infrastructure for commercial activity. It can be regarded as a new internet protocol to facilitate trusted data, value and asset sharing between computer nodes. Gartner believes that from a policy objective, the BSN aims, in particular, to accelerate smart city developments — including activities involving Internet of Things (IoT), artificial intelligence (AI), payments, government processes and the digital silk road initiative."

As in 2019, together with Hyperledger Fabric, WeBank’s consortium blockchain platform FISCO BCOS has joined the BSN as the only two officially certified licensing frameworks. The adaption of FISCO BCOS on BSN was completed in April 2020. Currently, many projects within the FISCO BCOS ecosystem are selected for BSN’s official designated applications.

Gartner also identified WeBank as a sample vendor in terms of blockchain in government in the Hype Cycle for Smart City and Sustainability in China, 20202. In 2020, WeBank applied its open-source blockchain technologies to on application scenarios, such as "The Green Mobility Inclusive Platform." It aims to effectively promote the trusted data circulation and integration of public welfare data, helping to enhance the efficiency of industry-wide collaboration.

Also, responding to the global challenge of COVID-19, WeBank has actively fulfilled its social responsibilities. With its open source blockchain technology, WeBank supported the mutual recognition of cross-border blockchain health code between Guangdong and Macau. By the end of December 2020, the health code system has supported 300,000 daily customs clearances and a cumulative total of 38 million customs clearances, which greatly helped the resumption of work and production during the pandemic.

Source:

1. Gartner, The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally, by David Furlonger, 31 August 2020

2. Gartner, Hype Cycle for Smart City and Sustainability in China, 2020, by Milly Xiang, Uko Tian, Kevin Ji, 31 July 2020

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

PR Newswire

Leading Broker IronFX Announces Launch of New Affiliate Website

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LIMASSOL, Cyprus, Feb. 5, 2021 — IronFX is proud to announce the launch of its newly revamped affiliate website, following many months of hard work and dedication from its team.

IronFX launches newly revamped affiliate website with rewarding payment plans, commissions and bonuses.
IronFX launches newly revamped affiliate website with rewarding payment plans, commissions and bonuses.

IronFX’s affiliate program remains true to its reputation as a leading center for affiliates with the new website showcasing a wealth of tools, services and marketing plans to help businesses grow and increase conversion rates.

The primary goal during the redesign process was to update and expand the services available to affiliates as well as create a more valuable, user-centric and responsive resource across all platforms and devices.

The affiliate website aims at attracting new and current affiliates and offers exciting new payment plans, commissions and bonuses to reward affiliates. Affiliates will be spoiled for choice as they can receive weekly commission payouts, CPA up to $1,500, rebates up to $15 per lot, and 6 payout plans to choose from. There is also dedicated support from a team of experts on education, marketing and how to set up their business. A comprehensive media studio and various marketing tools are also available to assist them to fully build their brand and shape their marketing strategy.*

Attractive bonuses are also available, including a $1,000 sign up bonus and a 30% commission bonus.*

The Head of Affiliates said:

"We are thrilled to launch the new website and firmly believe it will serve as a useful and informative portal for affiliate clients and businesses to get to know our product, before they join us and begin to benefit from our range of bespoke services. We are pleased to say that up until now we have paid out $35m in commissions and the program boasts of a 40% conversion rate. Why be better, when you can be the best!"

For more information on IronFX Affiliates, and the numerous services available to businesses, please visit https://affiliates.ironfx.com/en

All trading involves risk. It is possible to lose all your capital.

*All payment plans & bonuses are subject to terms and conditions

Photo – https://mma.prnasia.com/media2/1433766/ironfx.jpg?p=medium600  
Logo – https://techent.tv/wp-content/uploads/2021/02/leading-broker-ironfx-announces-launch-of-new-affiliate-website-2.jpg

Related Links :

https://affiliates.ironfx.com/

PR Newswire

Unbxd collaborates with Google Cloud to offer AI-powered commerce search on Google Cloud for retail stores

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SAN MATEO, Calif., Feb. 4, 2021 — Unbxd Inc., a leading provider of AI-powered Commerce Search and Product Discovery solution today announced a collaboration with Google Cloud. As part of the collaboration, Unbxd will deliver its commerce search service, hosted on Google Cloud, to retail customers. Unbxd will also leverage Google Cloud’s advanced Search, Recommendations, and AI technologies to better enable product discovery for retail customers.

In order to transform and modernize digital commerce,  retailers are looking to deliver compelling customer experiences and accelerate transformation by leveraging new capabilities and services in a highly scalable and reliable infrastructure. They are looking to create shopper interactions with the online store in a way that is contextual, relevant, and personalized.

"We at Unbxd are delighted to collaborate with Google Cloud to offer AI-powered commerce search as a service, powered by Google Cloud AI technologies, to retail stores. Digital modernization has become a prime initiative for the retail segment. Our collaboration with Google Cloud will help rapidly deploy and offer an amazing customer journey, all the while empowering merchants to align creatively and easily with their business objectives," says Pavan Sondur, CEO and Co-Founder at Unbxd.

"Our collaboration with Google is a step towards accelerating our journey to that mission. Hosting our solution on Google cloud not only adds performance, security, and credibility to our solution but also differentiates it from the rest in the market. We are excited to work with Google in making eCommerce modernization a reality across the globe!"

"Retailers must have a deep understanding of each of their customers to earn and maintain their loyalty. We have a comprehensive list of production-ready solutions at Google Cloud Marketplace that enables enterprises to run their businesses with efficiency and ease. By working with Unbxd we are helping retail customers further take advantage of technologies to modernize and strengthen their eCommerce strategies," says Nirav Sheth, Director, ISV & Partner Sales, Google Cloud.

About Unbxd

Unbxd is an AI-driven eCommerce search platform that understands shoppers’ intent and connects them to the products they are most likely to buy — across purchase journeys. Unbxd powers search for more than 1300+ eCommerce sites across 40+ countries. The Unbxd product discovery solution is custom-built to be deployed across verticals such as Fashion, Healthcare, Pharma, Autoparts, Home Decor, B2B, and Mass Merchants. For more information, please visit unbxd.com or follow them on LinkedIn.

Contact
media@unbxd.com

Logo – https://mma.prnasia.com/media2/1000849/unbxdlogo_black_Logo.jpg?p=medium600

Related Links :

http://www.unbxd.com

PR Newswire

AMTD Calvin Choi: face up to difficulties, brave the winds and waves

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HONG KONG, Feb. 3, 2021 — A few days ago, Calvin Choi, the Chairman and CEO of AMTD Group, Vice President of China Youth Entrepreneurs Association, and Vice Chairman of Greater Bay Area Common Home Youth Charity Fund, published a signed article in "Ta Kung Pao" to share AMTD’s development path.

In the era of the new economy, under the global epidemic of COVID-19, how can companies survive and remain competitive? In Mr.Calvin Choi’s opinion, embracing the development of the Greater Bay Area and enhancing technological innovation will become the elements of Hong Kong’s future development prospects. Young people in Hong Kong must have creative and innovative thinking, but also have the courage to take responsibility, stand firm in their ideals, grasp the nettle and brave the Winds and Waves

In recent years, AMTD Group has grown from a small local licensed institution in Hong Kong to a comprehensive enterprise covering investment banking, digital finance, asset management, insurance brokerage and other financial fields, as well as education, real estate, professional services and other fields. AMTD International (NYSE: HKIB/SGX: HKB), an investment banking platform, is listed on the New York Stock Exchange and SGX. It is also the largest independent investment bank in Asia. Among them, AMTD has established a deep influence in the field of regional banks in China. In the past four years, AMTD has taken the lead in participating in almost all regional banks’ Hong Kong stock and overseas preferred stock issuance projects. AMTD also took the lead in listing leading regional banks and jointly established the "Regional Bank+" strategic alliance to explore the digital development and internationalization of China’s regional banks.

Mr.Calvin Choi recalled that around 2000, after Hong Kong returned to the motherland, as the first batch of Hong Kong youths who went northward, they were deeply involved in the restructuring, development and innovation of China’s banking industry, and deeply felt the great achievements of China’s financial reform. Mr.Calvin Choi have always been very optimistic about the innovation development potential of China’s regional banks, especially the efforts and achievements of leading regional banks in financial technology innovation. Under Mr.Calvin Choi’s leadership, AMTD has strategically invested in Qingdao Bank (03866), ZHONGYUAN Bank (01216) and Jiangxi Bank (01916). As the first Hong Kong-funded non-bank financial institution to invest heavily in regional banks in China, it is the industry leader They have established a deep cooperative relationship.

Looking to the future, AMTD will focus its efforts on the deployment of full digital financial licenses to create a comprehensive platform connecting the Bay Area and ASEAN. As a result, AMTD has recently successfully reduced some of its shares in Qingdao Bank, and has allocated funds to fully attack the acquisition and merger opportunities in the digital financial sector in Asia. After the reduction, AMTD remains an important shareholder of Qingdao Bank, ranking one of the five largest shareholders.

Mr.Calvin Choi deeply understand that the spirit of entrepreneurs is the driving force behind the sustainable development of enterprises. In the past few years, Mr.Calvin Choi have encountered countless opportunities, as well as countless challenges and difficulties. He said, "In particular, I have encountered many things that have been questioned and incomprehensible by the outside world. What is more, there are those who envy and jealous, and those who are cold-eyed and mockers, and malicious There are slanderers. However, entrepreneurs must insist that development is the last word, persist in dare to try, dare to be the first to lead reform and breakthrough with thought-breaking ice, keep upright and innovate, forge ahead courageously, adhering to the spirit of the predecessors under the Lion Rock, and firmly building the property of Hong Kong A century-old shop of this generation."