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PR Newswire

‘Non Fungible Penny’ A New Gold Penny of Henry III*

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SINGAPORE, Jan. 22, 2022 — Metaverse Blockchain Fusion NFT™ company, Coinllectibles™, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce that it has partnered with Spink to offer the First Ever Collectible NFT Coin to be offered by an international auction house. This will also be the first NFT ever issued by Spink, a renowned collectors’ auction house dating back to 1600s.

Like the yellow petals of the broom plant adorning the cap of the Plantagenets, the powerful immutability of this almost pure gold coin has remained untarnished and unexposed for centuries. That was until a chance signal on Sunday 26 September 2021 rediscovered its beauty, a beauty that has caused a viral media sensation across the globe in the days prior to auction at Spink.

About the ‘Non Fungible Penny’

This specially commissioned virtual moving graphic, to be minted into a similarly immutable Hybrid NFT™, commemorates that unique moment, as the Hemyock soil is finally removed after 765 years to unearth the most important single coin find made in Britain for over a decade, and the first time a new coin of this type has been placed in the archaeological record for almost 260 years. Where once the coin fell from the pocket of Lord of the Manor John de Hidon, it lands in all its beauty not just in our hands but our combined consciousness. And why would our embattled and emboldened King Henry, enthroned for centuries not wish to give us a cheery wink as he is once more exposed to the world?

*In 1257 King Henry III of England launched a gold coinage. It was not a success and only seven of the coins are known to have survived, that is until September 2021 when an eighth was discovered by a metal detector in a field at Hemyock in Devon. It is the image of this eighth coin that is the subject of the present auction. Henry’s coinage was the first minted in gold since the Norman Conquest, all the Norman and Angevin kings having confined themselves to minting silver pennies. A series of questions naturally arise. Why did Henry mint his coinage? Where did the gold come from? Why did the coin have a unique design? How many coins were minted, and what happened to them? Why did the enterprise fail? Fortunately, the source material allows at least some answer to these questions. It also permits a suggestion as to how one of the coins ended up at Hemyock. 

Read the full story here: 
https://d3ums4016ncdkp.cloudfront.net/auction/catalogue/22104/22104.pdf  (lot 220 that precedes sale of NFT lot 221)

How to bid for the ‘Non Fungible Penny’ on Coinllectibles’ MetaMall

The h-NFT (Hybrid NFT™) contains the ownership title to the private and commercial licences described therein with respect to the video Mp4 4k UHD file. Proceeds from the auction will be split over charities chosen by the vendor and Spink, specifically The Rodney Cook Memorial Fund and the Himal Foundation. 

To bid for the h-NFT, please visit Coinllectibles’ MetaMall, click on the project details and transfer your bids to the digital auction wallet. The details of the digital auction wallet will be made available at 7.00am UTC on http://www.coinllectibles.art/.

Bidders can bid for the h-NFT in either Binance Coin (BNB) or Colligo Tokens (COTK). A bid is considered when someone transfers BNB/COTK to the digital auction wallet and each bidder will be recognised by the unique digital wallet address. To illustrate, if Bidder A makes a bid for 2,000,000 COTK while Bidder B holds 2 wallets and makes bids at 1,600,000 COTK and 1,700,000 COTK respectively, Bidder A will be deemed the winner. While Bidder B made a total bid amounting to 3,300,000 COTK, they are deemed to be separate bidders due to the different wallet addresses.  

There is no limit to the number of bids and/or counterbids each wallet can make. 

To reconcile the different digital currencies, the conversion rates at 5.15pm UTC will be taken.  For the avoidance of doubt the winning bid on the Coinllectibles platform will be integrated in the Spink live auction, minus the 20% buyers’ premium charged by Spink, so all bidders are treated pari passu, and the Coinllectibles winner does not pay more than original bid.

If, in the live auction, no bids exceed the Coinllectibles winning bid, then the NFT will be transferred to the Coinllectibles highest bidder.

If, in the live auction, the winning bid is above the Coinllectibles winning bid (minus the 20% Buyers premium), then the NFT will be transferred to the live auction highest bidder.  Once the winner is announced, the h-NFT will be transferred to the auction winner while the rest of the tokens will be refunded.

Starting price for the h-NFT is GBP5 (USD6.70 or COTK2900, based on current exchange rates). and the auction will close at 5:15pm UTC on Sunday 23 January 2022.

Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that COSG is a holding company that may not realize the expected benefits of NFT’s offered by Coinllectibles™️. A further list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory filings with the U.S. Securities and Exchange Commission, including in its current report on Form 8-K  filed on September 17, 2021. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media queries, please contact:

Ms Rachel Lim
Director, Marketing & PR
Rachel.Lim@Coinllectibles.Art 

About Cosmos Group Holdings Inc

Cosmos is a business group that operates in two business segments:

  • Arts and Collectibles  
  • Financing

Through Coinllectibles™, the group provides authentication, valuation and certification (AVC) service, sale and purchase, hire purchase, financing, custody, security and exhibition (CSE) services to art buyers through traditional channels, as well as through leveraging blockchain technology through the creation of non-fungible tokens (NFTs).

With subsidiaries licensed under Hong Kong’s Money Lenders Ordinance, the group currently primarily provides unsecured personal loan to private individuals, with a small portfolio of mortgage loans.

The group is integrating the two business segments by offering secured financing services to prospective art and collectibles purchasers to provide a one-stop arts and collectibles purchasing and financing experience.

About the Company – Coinllectibles™

Coinllectibles™ is an ACT (Arts and Collectibles Technology) company, which is redefining how the world thinks about art and collectible ownership in the digital age. 

Their minted curated Fusion NFTs™, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain.

Coinllectibles™️ Fusion NFTs™ bridge the physical and virtual dimensions of the arts and collectibles market, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.

About Coinllectibles™ Fusion NFT™
Coinllectibles™ prides the Fusion NFT™ as the industry "Gold Standard".  Being a Gold Standard, a Fusion NFT contains the following on the blockchain – (1) a sale and purchase agreement reflecting the purchase, by the person minting the Fusion NFT™, of the underlying asset at a fair value with all rights and restrictions clearly detailed, (2) bailment terms governing the rights to possession whilst the underlying asset remains with Coinllectibles™, (3) a transfer deed reflecting the transfer of the ownership of the underlying asset (together with all rights and restrictions) by the transferor to the holder of the Fusion NFT™️, (4) ownership title deed written into the description of the Fusion NFT™ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFT™. In summary, a Fusion NFT™ is a Digital Ownership Title (DOT) to the physical collectible it represents.

About Spink
Spink is the world’s leading auctioneer of Stamps, Coins, Banknotes, Medals, Bonds & Shares, Autographs, Wine & Spirits, Books and Handbags & Accessories. Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holder of royal warrants and numerous records for prices achieved at auction, Spink offers an unparalleled range of services to collectors worldwide. Headquartered in London, with offices in New York, Hong Kong, Singapore and Switzerland, Spink holds over 70 auctions a year. Catalogues can be accessed through the Spink website (www.spink.com), Spink Live online bidding platform (www.live.spink.com) or via the Spink App for mobile phones and tablets.

PR Newswire

Too early to bottom-fish in China’s property bonds, Greifenberg Digital says

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NEW YORK, Jan. 20, 2022  — Greifenberg Digital, a member of the IMTE Group, commented today on the risks to Chinese property bonds as gauged by its suite of quantitative models. 

"Large parts of China’s property bond market are still too risky for investors," Jerry Lucas of Greifenberg Digital said after the bulk of US dollar bonds of Chinese property companies closed at new lows. The Bloomberg Index of high-yield Chinese bonds denominated in US currency (Bloomberg ID I36616 Index) closed January 18 at 53.7, down from a March 2021 peak of 120. "Although bonds of some property companies with stronger balance sheet have risen in price today [January 19], more leveraged developers remain subject to very high default risk, according to our models."

US dollar bonds of Country Gardens, one of the stronger developers, rose in Hong Kong January 19 on hopes of easier regulatory and monetary policy, according to financial news reports.

"For most developers, the equity buffer for creditors remains extremely thin, and default risk remains elevated. More clarity is required both from issuers and regulators before the riskier part of the property market becomes attractive," Lucas added.

Greifenberg Digital recently released Credit AI™, a suite of risk analytics that applies Artificial Intelligence/Big Data technology to a universe of 30,000 Chinese corporate bonds. Credit AI models forecasted the crisis in China’s property bond market last year, according to a Greifenberg White Paper released on December 7.

"The equity buffer on the balance sheets of the stronger property companies is shrinking as they sell assets and raise equity at a discount," said Lucas, a managing director at Greifenberg. "The shrinking equity buffer in turn leaves the property sector closer to default."

China’s high yield market lost ground in the second half of 2021, and continued to show losses during the first two weeks of January 2022.


Sunac China Holdings Limited (1918.HK) January 12 issued equity in Hong Kong at a 15% discount to the previous day’s close, and its stock led the property market down.

Credit AI uses four models, including a contingent claims analysis module that prices the issuer’s option to default. Less equity on the balance sheet and higher equity volatility increase the probability of default in this model, based on the work of Nobel Prize winner Robert Merton.

The Greifenberg models also analyze sentiment via Natural Language Processing of news and social media and apply machine learning to balance sheet analysis.

"The Merton approach gives us a real-time indicator of credit risk," Lucas added. "What we observe from the equity price and volatility of the more vulnerable property companies tells us that default risk remains elevated."

"In the case of Fantasia Holdings Group Co., Limited (1777.HK), distance to default as calculated by the contingent claims analysis model had fallen for six months before Fantasia’s bond price fell in July 2021. That’s been true for most of the distressed property companies. One or more of the Credit AI models sent out a warning signal well in advance of the event," Lucas added.


"If we look at where Fantasia’s default risk is trading today, we see that there has been no real improvement, and its bond price continues to bounce along the bottom."

"We see a nearly identical pattern in the case of Kaisa Group Holdings Ltd (1638.HK). For example, Kaisa’s distance to default had been shrinking since the middle of June 2021, but the bond price didn’t react until October.


"Now we see that distance to default remains extremely low, and Kaisa’s bond price is following it down."

"The market is telling us that the underlying assets of the highly levered property companies are still subject to price discovery. There are a lot of unknowns, including the extent to which state-owned banks will lend to distressed property companies, and the terms on which state-owned enterprises will buy assets from weak hands. The Chinese government is likely to favor homebuyers who have already made down payments for apartments and suppliers over bondholders. Net, we think investors should wait for clarity before bargain hunting."

About Greifenberg Digital Limited ("Greifenberg")

Greifenberg is a Canadian company engaged in the business of the credit research on China’s fixed income market.  Greifenberg has developed an innovative AI/Big Data suite of corporate bond analytics focused on the Chinese market. For more information, please visit www.greifenbergcapital.com.

About Integrated Media Technology Limited ("IMTE") 

IMTE is an Australian company engaged in the business of the manufacture and sale of nano coated plates for filters, the manufacturing and sale of electronic glass, operating a platform on trading in digital assets and financial research.  For more information, please visit www.imtechltd.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." 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 such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You 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 (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.

PR Newswire

Ragnarok: The Lost Memories by Gravity Game Hub Now Officially Launches on IOS and Android

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SINGAPORE, Dec. 13, 2021 — Gravity Game Hub, a subsidiary of Gravity Co., Ltd (NASDAQ: GRVY), announced that Ragnarok: The Lost Memories, a JRPG mobile game has been officially launched in Singapore, Malaysia, and the Philippines on Apple App Store and Google Play Store.


Ragnarok: The Lost Memories, the follow-up of the popular Ragnarok Online with over 120 million players from around the world. Now, with the mobile title – Ragnarok: The Lost Memories, players can now embark on an adventurous journey filled with endless quests and diverse dungeons!

In Ragnarok: The Lost Memories, players can assemble their hero character collections filled with immersive storytelling with Cinematic Newtro JRPG experience. By using the unique card battle system, players will be able to strategize their card’s skills and abilities to battle different Ragnarok bosses to discover the story adventure.

By achieving the 100K pre-registration milestones, all players will receive rewards of 100K Zeny, 30 EXP Potions (S) and 20 lucky winners will win a Razer Gold Gift Card worth $10 USD. On top of this, to commemorate the grand launch of Ragnarok: The Lost Memories, Gravity Game Hub has prepared various events for players to participate in and receive exciting rewards. Players can check out their Official Facebook page for more event details.

About Gravity Game Hub

Established in 2021, Gravity Game Hub (GGH) Pte Ltd is a game publisher and developer focusing on online and mobile games. Gravity Game Hub is committed to deliver an interactive gaming experience and create a dynamic community for all players in South East Asia.

Gravity Game Hub is a subsidiary of GRAVITY Co., Ltd. (NasdaqGM: GRVY) a developer and publisher of online and mobile games headquartered in South Korea. The company is the creator of the globally recognized Ragnarok Online with over 120 million users worldwide.

Developed by Gravity NeoCyon Inc,  Ragnarok, The Lost Memories is a one-of-a-kind, revolutionary 2D free-to-play new cinematic newtro role-playing game (RPG). It will be the first game to be published by Gravity Game Hub in the region.

Ragnarok: The Lost Memories is now available on Apple App Store and Google Play Store

For more information on the Ragnarok: The Lost Memories mobile app, you may visit the following websites:

Pre-Registration Website: https://tlm.gnjoy.asia/
Official Facebook Page: https://www.facebook.com/RagnarokTLMSGMYPH
Official YouTube: https://bit.ly/GravityGameHub
Press Media Kit: https://bit.ly/ROTLMGGHGRANDLAUNCH

PR Newswire

ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces 2021 Q3 Financial Results

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XI’AN, China, Nov. 20, 2021 — ENTREPRENEUR UNIVERSE BRIGHT GROUP ("EUBG" or the "Company") (OTCBB: EUBG), a digital marketing consulting company, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Mr. Guolin Tao, CEO of Entrepreneur Universe Bright Group commented, "During the third quarter, our business and operation continued suffering material negative impact by the outbreak of COVID-19 in China. We expect that our business operation will return to normal as COVID-19 pandemic has mostly been under control in China."

"Both the new retail industry and the e-comm’s live streaming industries have experienced explosive growth, fueled by the development of the "key opinion leader" (KOL) economy. Facing the increasing demand for high-quality KOLs, we have hired more staff to handle our KOL Training Coordination business. Additional resources being deployed toward the platform continued out of our growth strategy. Entrepreneur Universe Bright Group rides on the right industry cycle and is confident that the Company’s long-term performance will benefit from the number of clients growth. We look forward to creating increasing value for shareholders and share its development with the wider capital market," Mr. Tao added.

Third Quarter 2021 Unaudited Financial Results

For the
three months ended
September 30,

2021

2020

Revenue

1,622,471

3,249,303

Cost of revenue

(870,967)

(168,640)

Gross profit

751,504

3,080,663

Selling expenses

(54,921)

(58,988)

General and administrative expenses

(326,090)

(169,535)

Other income (expense), net

38,847

18,514

Income before income tax

409,340

2,870,654

Income tax expense

(201,789)

(941,026)

Net income

$

207,551

1,929,628
  • Revenue decreased by 50.1% to $1.62 million, primarily due to the realignment of resources to focus on the KOL Training Coordination business and KOL training services.
  • Gross profit decreased by 75.6% to $751,504 and total gross margin was 46.3%.
  • Net income decreased by 89.2% to $207,551, mainly due to decline of revenue, combined with increase of general and administrative expenses.

Revenue and cost of revenue: During the three months ended September 30, 2021, we generated revenue of $1.62 million compared to $3.25 million for the three months ended September 30, 2020, representing a decrease of $1.63 million or 50.1% as compared with the last period. This decrease in revenue was due to the realignment of our resources to focus on our KOL Training Coordination business and KOL training services. In addition, due to preventive measures taken against COVID-19,  certain consulting services were suspended from April 2021 to August 2021. We resumed these consulting businesses from August 2021 in order to maintain diversified services for our customers.

Cost of revenue was $870,967 for the three months ended September 30, 2021 compared to $168,640 for three months ended September 30, 2020. The increase of cost of revenue for the three months ended September 30, 2021 was mainly due to the increase of agency fees and IT expenses for our fixed-fee training services. For the three months ended September 30, 2020, the cost of revenue mainly represented staff costs for our consulting services.

Gross profit: We generated a gross profit of $751,504 and $3.08 million for the three months ended September 30, 2021 and 2020, respectively.

Selling expenses: During the three months ended September 30, 2021, we incurred $54,921 selling expenses compared to $58,988 for the three months ended September 30, 2020, representing a decrease of $4,067 or 6.9% as compared with the last period.

General and administrative expenses: During the three months ended September 30, 2021, we incurred $326,090 general and administrative expenses compared to $169,535 for the three months ended September 30, 2020, representing an increase of $156,555 or 92.3% as compared with the last period. Our general and administrative expenses consisted mainly of professional fees, consultancy fees, and payroll expenses.

Other income (expense), net: During the three months ended September 30, 2021, we generated net total other income of $38,847 compared to $18,514 for the three months ended September 30, 2020, representing an increase of $20,333 or 109.8% as compared with the last period.

Income tax expense: During the three months ended September 30, 2021, we incurred income tax expense of $201,789 compared to $941,026 for the three months ended September 30, 2020, representing a decrease of $739,237 or 78.6% as compared with the last period. The income tax expense consisted of income taxes charged in China and Hong Kong.

Net income. We generated a net income of $207,551 and $1.93 million for the three months ended September 30, 2021 and 2020, respectively.

Cash and cash equivalents. As of September 30, 2021 and December 31, 2020, $7.72 million and $3.85 million of the Company’s cash and cash equivalents, respectively were held at financial institutions and online payment platforms located in the PRC and Hong Kong that management believes to be of high credit quality.

Nine months ended September 30, 2021 Financial Results

For the
nine months ended
September 30,

2021

2020

Revenue

4,479,415

6,647,755

Cost of revenue

(1,289,739)

(406,397)

Gross profit

3,189,676

6,241,358

Selling expenses

(224,935)

(119,635)

General and administrative expenses

(905,391)

(554,674)

Other income (expense), net

108,941

47,328

Income before income tax

2,168,291

5,614,377

Income tax expense

(872,063)

(1,834,615)

Net income

$

1,296,228

3,779,762

Revenue and cost of revenue: During the nine months ended September 30, 2021, we generated revenue of $4.48 million compared to $6.65 million for the nine months ended September 30, 2020, representing a decrease of $2.17 million or 32.6% as compared with the last period. This decrease in revenue was due to the realignment of our resources to focus on our KOL Training Coordination business and KOL training services. In addition, due to preventive measures taken against COVID-19, certain consulting services were suspended from April 2021 to August 2021. We resumed these consulting businesses from August 2021 in order to maintain diversified services for our customers.

Cost of revenue was $1.29 million for the nine months ended September 30, 2021 compared to $406,397 for nine months ended September 30, 2020. The increase of cost of revenue for the nine months ended September 30, 2021 was mainly due to the increase of agency fees and IT expenses for our fixed-fee training services. For the nine months ended September 30, 2020, the cost of revenue mainly represented the staff costs for our consulting services.

Gross profit: We generated a gross profit of $3.19 million and $6.24 million for the nine months ended September 30, 2021 and 2020, respectively. 

Selling expenses: During the nine months ended September 30, 2021, we incurred $224,935 selling expenses compared to $119,635 for the nine months ended September 30, 2020, representing an increase of $105,300 or 88% as compared with the last period. The increase of selling expenses was mainly due to more staff costs incurred in marketing our KOL training coordination services for the nine months ended September 30, 2021.

General and administrative expenses: During the nine months ended September 30, 2021, we incurred $905,391 general and administrative expenses compared to $554,674 for the nine months ended September 30, 2020, representing an increase of $350,717, or 63.2%, as compared with the last period. Our general and administrative expenses consisted mainly of professional fees, payroll expenses and consultancy fees.

Other income (expense), net: During the nine months ended September 30, 2021, we generated net other income of $108,941 compared to $47,328 for the nine months ended September 30, 2020, representing an increase of $61,613 or 130.2% as compared with the last period.

Income tax expense: During the nine months ended September 30, 2021, we incurred income tax expense of $872,063 compared to $1,834,615 for the nine months ended September 30, 2020, representing a decrease of $962,552 or 52.5% as compared with the last period. The income tax expense consisted of income taxes charged in China and Hong Kong.

Net income: As a result of the above, we generated a net income of $1.30 million and $3.78 million for the nine months ended September 30, 2021 and 2020, respectively.

About ENTREPRENEUR UNIVERSE BRIGHT GROUP

ENTREPRENEUR UNIVERSE BRIGHT GROUP is a digital marketing consultation company with its main operation in China, providing marketing consulting services to Chinese start-up companies. The company provides consulting services, sourcing and marketing services, KOL training coordination business and KOL training services in China through its PRC subsidiary with support from its HK subsidiary. Its PRC subsidiary provides services aimed at connecting businesses with e-commerce platforms.  The integrated service platform focuses on strategic marketing and consulting. The company’s mission is to help start-up companies and small-size companies and guide these companies’ founders in utilizing the company’s digital marketing consulting plan to reach their business goals. For more information about the Company, please visit: http://www.eubggroup.com/ . 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company’s statements regarding trading on the OTC Pink market and closing the initial public offering are forward-looking statements.  Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks 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; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

The Company:
Jianyong Li
Email: lijianyong@eubggroup.com
Phone: +86-(029) 86100263

Investor Relations:

Janice Wang 
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1-908-510-2351 (from U.S.)  
+86 13811768559 (from China)

 

ENTREPRENEUR UNIVERSE BRIGHT GROUP

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2021 AND DECEMBER 31, 2020

(In U.S. dollars) 

SEPTEMBER 30,
2021

DECEMBER 31,
2020

(Unaudited)

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

7,723,941

$

3,846,470

Debt products

–

3,058,041

Accounts receivable

108,596

202,183

Other receivables and prepayments

230,680

50,306

Loan to a related company

–

186,796

Total current assets

8,063,217

7,343,796

NON-CURRENT ASSETS

Plant and equipment, net

298,309

355,609

Operating lease right-of-use assets, net

158,149

25,615

Total non-current assets

456,458

381,224

TOTAL ASSETS

$

8,519,675

$

7,725,020

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$

431,946

$

–

Other payables and accrued liabilities

337,356

618,508

Contract liabilities

4,160

–

Receipt in advance

16,596

50,369

Operating lease liabilities, current

59,254

29,933

Tax payables

156,005

595,338

Amount due to a shareholder

53,000

53,000

Amount due to a director

118,449

51,309

Borrowings

–

128,996

Total current liabilities

1,176,766

1,527,453

NON-CURRENT LIABILITY

Deferred tax liabilities

313,730

626,546

Operating lease liabilities, non-current

98,894

–

Total non-current liabilities

412,624

626,546

TOTAL LIABILITIES

1,589,390

2,153,999

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS’ EQUITY

Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil
(December 31, 2020: Nil) shares issued and outstanding as of September 30, 2021

–

–

Common stock, par value $0.0001 per share; 1,800,000,000 shares authorized,
1,701,181,423 (December 31, 2020: 1,701,181,423) shares issued and outstanding
as of September 30, 2021

170,118

170,118

Additional paid-in capital

6,453,048

6,453,048

Statutory reserves

65,911

65,911

Accumulated deficit

(147,575)

(1,443,803)

Accumulated other comprehensive income losses

388,783

325,747

Total stockholders’ equity

6,930,285

5,571,021

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

8,519,675

$

7,725,020

 

 

ENTREPRENEUR UNIVERSE BRIGHT GROUP

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 (UNAUDITED)

(In U.S. dollars, except for number of shares)

For the three months ended
September 30,

For the nine months ended
September 30,

2021

2020

2021

2020

Revenue

1,622,471

3,249,303

$

4,479,415

$

6,647,755

Cost of revenue

(870,967)

(168,640)

(1,289,739)

(406,397)

Gross profit

751,504

3,080,663

3,189,676

6,241,358

Selling expenses

(54,921)

(58,988)

(224,935)

(119,635)

General and administrative expenses

(326,090)

(169,535)

(905,391)

(554,674)

Profit from operations

370,493

2,852,140

2,059,350

5,567,049

Other income (expenses):

Interest income

15,934

12,512

66,213

19,858

Exchange gain (loss)

8,957

(159)

(3,088)

(321)

Sundry income

13,956

6,161

45,816

27,791

Total other income, net

38,847

18,514

108,941

47,328

Income before income tax

409,340

2,870,654

2,168,291

5,614,377

Income tax expense

(201,789)

(941,026)

(872,063)

(1,834,615)

Net income

$

207,551

1,929,628

$

1,296,228

$

3,779,762

Other comprehensive income (loss)

Foreign currency translation adjustment

(2,946)

106,621

63,036

93,201

Total comprehensive income

$

204,605

2,036,249

$

1,359,264

$

3,872,963

Net income per share – Basic and diluted

$

0.00

*

0.00

*

$

0.00

*

$

0.00

*

Weighted average number of common shares
outstanding

– Basic and Diluted

1,701,181,423

1,701,181,423

1,701,181,423

1,701,181,423

*

Less than $0.01 per share
PR Newswire

Fusion NFT™ – a new way of investing in art and collectibles?

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SINGAPORE, Sept. 12, 2021 — Not so long ago, digital artists whose artworks were posted all over social media, were frustrated that they were not earning much income from their works irrespective of the number of likes, comments and shares they got.  On the other hand, art connoisseurs/collectors have been limited in how they can trade their art pieces as auction houses where predominantly the only avenue for them to sell their collections. 

With the usage of blockchain technology, NFTs (non-fungible tokens) has completely changed how art and collectibles can be bought and sold. Through NFTs, artists now have a new way to monetise their art, collectors can access a more diversified range of collectibles and investors can have access a wider pool of buyers.

While there has been news with respect to the growing interests in NFTs, this strong interest was also seen during the recent inaugural Coinllectibles™️ Fusion NFT™️ on OKEx NFT marketplace.  Within the first day of the launch, an investor paid US$100,000 (28ETH) for the Coinllectibles™️ Fusion NFT™️ Item #001 – a pair of heritage ceramics, which was almost twice the item’s valuation price.  The investor immediately placed the piece out in the secondary market and resold it at 150,000 USDT, successfully making a US$50,000 profit. The new owner then resold the iconic piece for 250,000 USDT and made a profit of about US$100,000. The collectible is currently on sale for sale for 289,000 USDT (https://www.okex.com/defi/nft/markets/detail?id=29978). As a whole, all the Fusion NFT™️ were sold out during the launch and Coinllectibles™️ saw a total sales turnover of more than US$600,000 during the first 4 days. 

Observing this development, Joseph Morton from Equity.Guru commented that this could be a "game of greater fool hot potato" (https://equity.guru/2021/09/10/this-week-in-crypto-standard-regulation-edition/). While that may be the case for regular NFTs, this article takes a look at how different Fusion NFT™️ is and how Coinllectibles™️, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), aims to add value to the collectibles market.

1.         Fusion NFTs™️ – Buyers get both the digital tokens and the physical collectible

NFTs are characterised by its feature of tokenizing items with unique blockchain-based ID tags.  Unlike regular NFTs, where buyers only get a digital asset, buyers of Fusion NFTs™️ get both the digital non-fungible tokens as well as the physical art piece.  In this way, Fusion NFT™️  buyers not only get to buy and sell the digital non-fungible tokens online, they are also able to enjoy the items in the real world. 

2.         Ownership security and provenance

To make the buying and selling of Fusion NFTs™️ secure, Coinllectibles™️ has incorporated state-of-the-art 3D imaging technology to authenticate as well as provide provenance for the collectibles. This is akin to using the facial recognition function to unlock a handphone, the 3D image that is contained within the NFT will be able to authenticate ownership as well as whether the item is genuine. As added security, Coinllectibles™️ also embeds microchips to the collectible items.  Apart from all these technological protection, Fusion NFTs™️ also consists of robust documentation to provide owners with legal protection as well. All these are put together to holistically protect the interest of stakeholders, that will ultimately lead to a more secured buying/selling experience online. 

3.         More than art and collectibles collection

Beyond the buying and selling of NFTs, Coinllectibles™️ aim to bring greater enjoyment to our Fusion NFT™️ owners.  Firstly, Fusion NFTs™️ owners will get to decide between taking possession of the physical collectibles or putting the items up on exhibit in the world’s first gallery for Fusion NFTs™️ at K11 MUSEA in Hong Kong. Secondly, Coinllectibles™️ is exploring the possibility of working with game producers so that Fusion NFT™️ owners will also get to enjoy the items in an online environment. While some of these initiatives are still work-in-progress, Coinllectibles™️ believes that all these additional benefits help differentiate Fusion NFTs™️ from the rest.

In conclusion, not only are NFTs attracting the attention from artists and collectors, investors are also eyeing the extensive market opportunity of this crypto art and collectibles trade. Based on Statista, the total number of NFT from Apr 2021 to Aug 2021 was more than 263,000 – which approximates to 1 NFT sold each minute. All these showcase the immense potential and profitability of NFTs being traded in the primary and secondary market.  We are still in the early days. While it is anyone’s guess how the NFT market will become, the prospects for now is extremely bright.

To keep up with the launch of Fusion NFTs™️ projects and news, please visit www.Coinllectibles.Art or join the Coinllectibles™ Telegram Channel at https://t.me/Coinllectibles.

About Cosmos Group Holdings Inc.

Cosmos Group Holdings Inc. (OTC: COSG) was formerly a television network and multimedia information and distribution company focused on serving the homeland security and emergency preparedness industry. The group’s future will focus in the development of blockchain NFT technologies and platforms to facilitate the global trading of arts and collectibles.

About the Company – Coinllectibles™️

Coinllectibles™️ is an ACT (Arts and Collectibles Technology) company, which is redefining how the world thinks about art and collectible ownership in the digital age. 

Their minted curated Fusion NFTs™️, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain.

Coinllectibles™️ Fusion NFTs™️ bridge the physical and virtual dimensions of the arts and collectibles market, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.

About Coinllectibles™️ Fusion NFT™️

Coinllectibles™️ prides the Fusion NFT™️ as the industry "Gold Standard".  Being a Gold Standard, a Fusion NFT contains the following on the Inter Planetary File System (IPFS) – (1) a sale and purchase agreement reflecting the purchase, by the person minting the Fusion NFT™️, of the underlying asset at a fair value with all rights and restrictions clearly detailed, (2) bailment terms governing the rights to possession whilst the underlying asset remains with Coinllectibles™️, (3) a transfer deed reflecting the transfer of the ownership of the underlying asset (together with all rights and restrictions) by the transferor to the holder of the Fusion NFT™️, (4) ownership title deed written into the description of the Fusion NFT™️ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFT™️.

PR Newswire

Bambuser’s Nomination Committee proposes that Sonia Gardner and Jørgen Madsen Lindemann be elected as new board members – Alexander Mcintyre has announced his intention to resign from the board

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STOCKHOLM, Aug. 20, 2021 — To further strengthen the board of directors competence the Nomination Committee of Bambuser proposes that Sonia Gardner and Jørgen Madsen Lindemann, respectively, be elected as new board members of Bambuser. At the same time, Alexander Mcintyre has announced that he intends to resign from the board of directors.

In light of the Nomination Committee’s proposal, the board of directors intends to convene an Extraordinary General Meeting whereas the notice will be published separately. Alexander Mcintyre will leave the board of directors in connection to the Extraordinary General Meeting.

"The board of directors thanks Alexander for his efforts and contributions to the Company over recent years. We wish Alexander every success in the future," said Joel Citron, Chairman of Bambuser’s board of directors.

Sonia Gardner (born 1962) is President, Managing Partner and Co-Founder of Avenue Capital Group, a global alternative investment manager with over $11 billion in assets under management. She is the Partner in charge of managing the firm, which she co-founded with her brother in 1995. Sonia previously served as Chair of the Global Board of Directors of 100 Women in Finance, and continues to serve as Chairman Emeritus. She currently serves as a member on the Client Advisory Board of Citi Private Bank. Ms. Gardner is the United Nations Capital Development Fund (UNCDF) Goodwill Ambassador for Gender Equality in Access to Finance. Her focus is advocating for ways to give women access to economic resources to start and grow businesses, lift their families out of poverty, and help achieve the U.N.’s Sustainable Development Goals. Sonia Gardner is independent in relation to the Company and its management as well as to the Company’s major shareholders.

Jørgen Madsen Lindemann (born 1966) has an upper secondary education from Gentofte Gymnasium. Jørgen Madsen Lindemann is currently a board member of Miinto Group and WaterBear Network. He has previously held roles such as the President and Chief Executive Officer of Modern Times Group MTG AB and board member of Zalando. Jørgen Madsen Lindemann is independent in relation to the company and its management and dependent in relation to the company’s major shareholders.

The Nomination Committee assesses that Sonia Gardner and Jørgen Madsen Lindemann have competence and backgrounds that are well suited for the work of the company’s board of directors and that the election of Sonia Gardner and Jørgen Madsen Lindemann is well in line with the discussions held within the Nomination Committee regarding competence development and gender equality.

PR Newswire

MediaTek Announces Dimensity 920 and Dimensity 810 Chips for 5G Smartphones

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Bringing brilliant imaging, smarter displays and boosted performance together for incredible mobile experiences

HSINCHU, Taiwan, Aug 11, 2021 — MediaTek today announced the new Dimensity 920 and Dimensity 810 chipsets, the latest additions to its Dimensity 5G family. This debut gives smartphone makers the ability to provide boosted performance, brilliant imaging and smarter displays to their customers.

Designed for powerful 5G smartphones, the Dimensity 920 balances performance, power and cost to provide an incredible mobile experience. Built using the 6nm high-performance manufacturing node, it supports intelligent displays and hardware-based 4K HDR video capture, while also offering a 9% boost in gaming performance compared to its predecessor, the Dimensity 900.

The Dimensity 810 is built using the 6nm high-performance manufacturing node. It provides Arm Cortex-A76 CPU speeds up to 2.4GHz, premium camera features including artistic AI-color in collaboration with Arcsoft, and advanced noise reduction techniques for superb low-light photography.

"With the expanded Dimensity chipset series, MediaTek is providing device makers and smartphone users with the latest innovations at more accessible price points for the mainstream market," said Dr. JC Hsu, Corporate VP and GM of MediaTek’s Wireless Communications Business Unit. "Delivering a boost in performance, display intelligence and image brilliance, these new Dimensity chipsets will improve user experiences and deliver advanced 5G features and capabilities to 5G smartphones."

Key features of the Dimensity 920 include:

  • MediaTek Smart Adaptive Displays: Adjusts the display refresh rate according to the game or UI action detected, raising it during periods of intense action to improve user experiences, and then lowering it to improve power efficiency.
  • 4K Video Capture Hardware Engine: Integrates a flagship-class, HDR-native image signal processor (ISP) and incorporates a unique hardware-accelerated 4K HDR video recording engine supporting up to four concurrent cameras and up to 108MP sensors.
  • Boosted Performance: With the Arm Cortex-A78 processors in the octa-core CPU that can reach 2.5GHz clock speeds, along the latest LPDDR5 memory and UFS 3.1 storage, the Dimensity 920 maximizes performance.
  • Advanced Connectivity: Supports dual 5G SIM, dual VoNR, up to 2CC carrier aggregation, MediaTek 5G UltraSave power efficiency suite and 5G SA/NSA networking, 2×2 MIMO Wi-Fi 6 connectivity, Bluetooth 5.2 and multi-GNSS.
  • Smooth Gaming: Supports MediaTek HyperEngine 3.0 with 5G call and data concurrency, plus connection enhancements for high-speed rail and ‘Super Hotspot’ technology.

Key features of the Dimensity 810 include:

  • Faster Performance: Arm Cortex-A76 processors now support up to 2.4GHz in its octa-core CPU.
  • Faster Displays: Mainstream 5G smartphones can now benefit from 120Hz displays for an ultra-smooth user experience.
  • Incredible Cameras: Supports advanced noise reduction techniques (MFNR & MCTF) for excellent low-light capture, and supports up to 64MP cameras.
  • High-end AI-Camera Features: Enables stunning camera experiences like AI-Bokeh and artistic AI-Color in collaboration with Arcsoft.
  • Smooth Gaming: Supports MediaTek’s HyperEngine 2.0 gaming technologies with an intelligent resource management engine and advanced networking engine.

MediaTek’s Dimensity 5G series brings smartphones an unrivaled combination of connectivity, multimedia, AI and imaging innovations to global markets with the Dimensity 700, 800, 900, 1000, 1100 and 1200 families. With support for every cellular connectivity generation, the new Dimensity 5G chips deliver the latest connectivity features including 5G standalone (SA) and non-standalone (NSA) architectures, 5G two carrier aggregation (2CC) including mixed mode FDD+TDD, dynamic spectrum sharing (DSS) technology support, True Dual SIM 5G (5G SA + 5G SA) and Voice over New Radio (VoNR).

The new MediaTek Dimensity 920 and Dimensity 810 will power 5G smartphones that are expected to launch in the global market in Q3 2021. For full specifications and further details, please visit: https://i.mediatek.com/mediatek-5g

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

MediaTek Press Office:

PR@mediatek.com
Kevin Keating, MediaTek
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA

Related Links :

http://www.mediatek.com

PR Newswire

iWeb Inc, OTC Markets QB, IWBB, announced it will acquire Tingo Mobile Plc. from Tingo International Holdings, Inc, in a deal valuing the Tingo Mobile Plc at $3.7 Billion USD

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LOS ANGELES, July 30, 2021 — Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experienced Fintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming, Software and Cybersecurity investments.

Tingo International Holdings, Inc., is the parent company of Tingo Mobile, PLC, a Nigerian limited company. Tingo is a device and a service technology company focused on creating digitally inclusive ecosystems in the AgriTech and FinTech sectors in Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and an EBITDA of $220 million dollars (figures based on NGN/USD exchange rate of 360), IWEB is confident that these figures will be exceeded going forwards with expansion and natural upwards progression of the TINGO business

IWEB have agreed to pay $4.00 per share with an issuance of 928 million new shares valuing TINGO at $3.7 Billion USD

Tingo is Nigeria’s leading technology and Device as a Service platform aimed at accelerating digital commerce, especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme, connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets, services, and resources via Nwassa, its digital AgriTech marketplace platform. Beginning in April 2021, Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets, payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 million mobile devices since 2014.

About Tingo see www.tingogroup.com

Tingo has four core business drivers:

  • Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.
  • Mobile Voice and Data Service: Through a Mobile Virtual Network, Tingo provides its customers with voice and data services.
  • Nwassa Platform: Tingo’s proprietary AgriTech platform, Nwassa, supports Nigeria’s agricultural value chain with market access.
    Tingo processes 500k daily transactions with a value of over $8 million, which provides its installed customer base with access to agricultural markets for their crop. Farmers and cooperatives are also supported with packaging, warehousing, and cargo logistics
    Tingo provides its customers with digital wallet services, which enable them to send and receive domestic payments, monitor cash flow in real time and securely hold money.
    Tingo provides access to other third-party services such as utility bill payment, virtual airtime top-up, insurance services, and alternative lending solutions.
  • Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominant player in the B2B FinTech vertical. Tingo has entered the B2C FinTech vertical to extend our B2B play to mass market use cases beyond agriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far, with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa’s agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compelling fundamentals

  1. Strong demographic potential: Sub-Saharan Africa’s population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. At the current growth rate, the continent’s population will double by 2050. The median age across the continent is 18 years, thirteen years younger than the median age in South America the next youngest continent according to the World Bank. Africa’s youthfulness represents a significant opportunity for material growth in demand for agricultural commodities. This younger generation is also being born into a "networked" world and is more comfortable using technology to achieve their goals.
  2. Improving business conditions: Africa’s governments are paying more attention to improving business conditions for entrepreneurs and small businesses on the continent. Sub-Saharan Africa’s World Bank Doing Business rank has improved by c.20 points from 45 in 2004 to 65 in 2020. Tingo believe this trend will continue and encourage establishment of more new ventures across all economic sectors including the agriculture industry.
  3. Investor appetite remains robust: Africa attracted $407 billion of Foreign Direct Investments between 2014 and 2018 (c.$80 billion per annum on average). Investments are increasingly focused on services and industrial sectors. Only 20% of investments are in extractive industries – a clear reversal from as recently as 2008 when 55% of FDI was aimed at resource extraction, Tingo believes FDI into Africa will help resolve significant infrastructure constraints and position the Agric value chain for value creation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent’s growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region’s GDP. In Nigeria, Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria’s suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres, inefficient capital allocation for purchase of inputs, and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy for millions of rural farmers in Nigeria, by providing affordable access to mobile devices and the internet.

Access to markets: Tingo users can connect with vendors and suppliers for affordable access to inputs and services. Tingo also connects farmers with buyers who purchase crops every year.

Access to Financial Services: Through Tingo Pay, its proprietary mobile wallet application, users can execute several transactions. These include credits into the Tingo Pay wallet, and transfers from the Tingo Pay wallet for bill payments and P2P (peer to peer payments). Tingo will continuing to add services to this application to meet customer needs.

Chris Cleverly, President of TINGO INTERNATIONAL HOLDINGS – "TINGO is Africa’s largest digital agricultural ecosystem and is a highly successful payment gateway. It is important that we embrace emerging technologies as they are necessary to solve the issues that burden the world such as food security and financial inclusion. We make no secret of our intention to uplist this group, or to use this platform to rapidly build our customer base in Nigeria and other African markets we will roll-out our unique offering. Global Food Security is a significant priority and our unique model will enable that priority and deliver Food Security in Africa, which powered with Coinfield will make us a very compelling proposition"

Anthony Moore, CEO of IWEB – ”It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies.

With its young demographic, high smartphone penetration, lack of legacy infrastructure Africa has the greatest potential for blockchain and cryptocurrency of any region. Coinfield provides the know-how and has the history to deliver on this. TINGO with an already huge customer base will expand rapidly and will become the dominant digital payment platform in the world’s fastest growing economy”

About iWEB

IWEB, Inc., is a technology development and services company, provides coding services in various industries and markets primarily in Thailand. The company focuses on image, audio, web, and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company’s coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones, tablets, industrial scanners, and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018, which was announced  as an IWBB Acquisition on 26th July 2021.

IWEB, Inc. Headquartered in Bangkok, Thailand for additional information visit: www.iweb.company

About Global Fintech Trading Limited

A group specialising in Institutional Financial, FinTech and Crypto who are to develop acquisition and investment opportunities in these fields. This is on a Global basis with their international team

See – http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

Authorized by Fung Hok Wai, President
Contact the company: Fung Hok Wai, President, Email: kevinwai@i-l-a-g.com

Anthony Moore, CEO,  TEL 90-542-332-7666
Investor Relations and Press contact: Alex Lightman in Los Angeles
Email: Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen, Chief of Staff Tingo International Email: rory.bowen@tingogroup.com

PR Newswire

Totally Green Inc. terminates further discussion with Yushangmei

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HONG KONG, July 3, 2021 –Totally Green Inc. (OTC: TLGN) announced that discussions regarding a potential combination with Guangzhou Yushangmei Health Management Co., Ltd. have been ended as the parties were unable to reach mutually agreeable terms.

Parkson Yip, Chief Financial Officer of TLGN said, "We intend to continue to seek acquisition and strategic opportunities in a broad range of industries with an initial focus on STEM education, travel, ecommerce and entertainment, technological research and developments.  We may also explore next generation property investment opportunities in the markets of co-living, co-working and co-retailing."

About Totally Green Inc.

Totally Green Inc. (OTC: TLGN) was formerly focused on renewable energy. The Company intends to focus on opportunities in the development of STEM education, travel, ecommerce and entertainment, technological research and development.  The Company expects to further explore strategic investments or partnerships in the development of next generation of property operations, in the markets of co-living, co-working and co-retailing.

This news release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the in demand for the Company’s products, the introduction of new products and services, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other factors. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Totally Green, Inc.  or any other third party regardless of whether such security, product or service is referenced in update. Furthermore, nothing in this news release is intended to provide tax, legal, or investment advice and nothing in this news release should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.

 

PR Newswire

Recon Technology Announces Pricing of $55.0 million Registered Direct Offering

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BEIJING, June 14, 2021 — Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 14, 2021 to purchase $55.0 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement.

Under the terms of the securities purchase agreement, the Company has agreed to sell 8,814,102 Class A ordinary shares or pre-funded warrants in lieu thereof, and warrants to purchase up to 8,814,102 Class A ordinary shares in a concurrent private placement transaction. The pre-funded warrants have an exercise price of $0.01 per share and will be exercisable immediately upon the date of issuance until they are exercised in full. The pre-funded warrants will be issued to certain purchasers who have elected to purchase them in lieu of Class A ordinary shares in this offering, as those purchasers would otherwise have exceeded 9.99% (or such lesser percentage as required by the investor) beneficial ownership of our Class A ordinary shares immediately following the offering. The ordinary share warrants will be exercisable immediately upon the date of issuance and have an exercise price of $6.24. The ordinary share warrants will expire five and a half years from the date of issuance. The purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a corresponding ordinary share warrant will be $6.24. The gross proceeds to the Company from this registered direct offering are estimated to be $55.0 million before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering is expected to close on or about June 16, 2021, subject to the satisfaction of customary closing conditions.

Maxim Group LLC ("Maxim") is acting as the 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 filed with the Securities and Exchange Commission (SEC) dated November 13, 2019, and declared effective on November 26, 2019, and Form F-3MEF filed thereafter. 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 supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, 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 Recon Technology, Ltd.

Recon Technology, Ltd. (NASDAQ: RCON) is China’s first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn

 

Related Links :

http://www.recon.cn/