Jakarta, Indonesia, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) is set to conduct its mega promotion campaign, Think Business, Think Hong Kong (TBTHK), in Jakarta on 8 January.The full-day symposium, set to take place at Shangri-La Jakarta, will bring together business leaders from Hong Kong and Indonesia. More than 20 government representatives and business leaders will speak about the latest developments and opportunities in Asia and across diverse sectors, including finance, smart city, sustainability, transportation, innovation and technology (I&T) and more. Over 1,000 participants, including Indonesian government officials and business leaders from large corporations and SMEs, are expected.TBTHK aims to showcase Hong Kong, a resilient business and investment hub, as an ideal springboard for Indonesian businesses to access new opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), as well as the wider China and Asia markets. Ronald Ho, HKTDC’s Regional Director of Southeast Asia and South Asia, said at a press conference in Jakarta, “Hong Kong's strategic location as an international financial, fundraising and investment hub and as the gateway between Mainland China and the rest of the world presents immense opportunities for Indonesian businesses seeking to expand in the GBA and Mainland China. We look forward to connecting businesses with opportunities at TBTHK in Jakarta on 8 January.” He continued, “the Hong Kong SAR Chief Executive led a delegation organised by the HKTDC last year to ASEAN, including Indonesia, which resulted in the signing of 15 MoUs. The TBTHK promotion will build on that previous success to further promote business cooperation between Indonesia and Hong Kong.”Event HighlightIn addition to the symposium, some 20 Hong Kong service providers and start-ups will feature their flagship products and solutions in the exhibition’s Business Support Zone and InnoVenture Salon to create opportunities for collaboration with Indonesian participants.A delegation of some 100 senior executives, innovators, start-ups and professional service providers from various service sectors – including I&T, infrastructure and transportation – will explore business opportunities in Indonesia through company visits, networking events and business matching meetings.A high-level gala dinner, during which Hong Kong and Indonesia business leaders will have the opportunity to further engage in dialogue and network, concludes the day’s events.Indonesia-Hong Kong strong tiesAs the largest country in Southeast Asia, Indonesia is an important partner for Hong Kong. Economically, Hong Kong and Indonesia have seen their trade and investment ties deepen over the past decades. In 2023, Indonesia was Hong Kong’s 6th largest trading partner among ASEAN member states.Regarding bilateral investment, at the end of 2023, Hong Kong was Indonesia’s 6th largest investor, after Singapore, Japan, the US, the Netherlands and Mainland China, with a total FDI stock of US$17,253 million. In the same year, Hong Kong was Indonesia’s 2nd largest source of FDI, after Singapore, with a FDI flow of US$3,769 million.Presenting Hong Kong as an Ideal Business PartnerHong Kong has consistently ranked high on economic freedom and competitiveness. Its institutional strengths, including its free trade and investment regimes, a simple and low tax system and free flow of capital and goods offer a favourable business and investment environment.As a major business and trading hub in Asia, the city boasts excellent connectivity to the rest of Asia, with half of the world’s population within a five-hour flight. The new three-runway system at Hong Kong International Airport will significantly enhance passenger and cargo capacity, further solidifying its status as an international aviation hub. With Mainland China at its doorstep, Hong Kong serves as a gateway to this vast market, acting as a super connector between China and the world. Home to numerous international logistics firms and experienced supply chain service providers, Hong Kong can address the needs of ASEAN businesses.ASEAN countries can leverage Hong Kong's status as a premier international finance and business centre to raise funds and attract investment for developing smart cities, advancing the manufacturing sector and enhancing sustainability initiatives. As the largest offshore RMB market, the city provides robust infrastructure for efficient clearing and settlement of cross-border transactions. Its supportive regulatory environment fosters innovation and collaboration among ASEAN nations, promoting economic integration and offering diverse options for trade settlement. Through strategic partnerships with central banks, Hong Kong is ideally positioned to facilitate the growth of local currency usage, strengthening trade and investment across the region.With its strategic location as a finance, fundraising, and investment hub, combined with its role as superconnector, Hong Kong presents immense opportunities for Indonesian businesses seeking to expand into the GBA, Mainland China, Belt and Road countries and the wider Asia market.For more information, visit:https://thinkbusinessthinkhk.com/2025-jakarta/symposium/en/index.htmlPhoto download: https://bit.ly/4iyAChiA press conference was held in Jakarta today, during which Ronald Ho, HKTDC’s Regional Director of South East Asia and South Asia, announced details of the Think Business, Think Hong Kong (TBTHK) mega promotion, taking place in Jakarta on 8 January.(from left) Ronald Ho, Regional Director, South East Asia and South Asia, HKTDC; Suwito, Chairman, Hong Kong and Macau Bilateral Committee, Indonesia Chamber of Commerce and Industry (Kadin Indonesia); Didit A. Ratam, Vice Chair, International Relations Division, Indonesia Employers Association (APINDO); Ira Sofwan, Deputy Chairman, DPP Indonesia Women Entrepreneurs Association (IWAPI); and Muhammad Aaron Annar Sampetoding, Chairman of International Relations, Indonesian Young Entrepreneurs Association (HIPMI), attended the Think Business, Think Hong Kong (TBTHK) press conference at the Shangri-La Jakarta today.Media enquiriesAdvo Public RelationsFriska Rani Tel: 081298980400 mail: friska@advo-indonesia.comHKTDC’s Communication & Public Affairs Department:Snowy Chan Tel.: (852) 2584 4525 Email: snowy.sn.chan@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

Investment Highlights- Player at the Frontline of the Booming Cobot Industry- Robust Research and Development Capabilities Guided by a Long-termist Mindset- Proprietary Full-stack Technologies Covering All the Key Aspects in the Cobot Development Cycle- Comprehensive Product Matrix Catering to a Wide Array of Use Cases- Successful Commercialization Underscored by Global Footprint and Clientele- Visionary and Experienced Management TeamHONG KONG, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - SHENZHEN DOBOT CORP LTD (“DOBOT” or the “Company”, together with its subsidiaries, collectively referred as the “Group”) has recently announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”) (the “Share Offer”).DOBOT plans to offer a total of 40,000,000 shares, subject to over-allotment option, comprising 2,000,000 Public Offer Shares and 38,000,000 Placing Shares, at an Offer Price range between HK$18.80 and HK$20.80 per Offer Share. The Public Offer opened at 9:00 a.m. on Friday, December 13 and close at 12:00 noon on Wednesday,December 18. The allotment results will be announced on Friday, December 20. Dealings in H shares on HKEx are expected to commence on Monday, December 23, under the stock code 2432.HK.Guotai Junan Capital Limited and ABCI Capital Limited are the Joint Sponsors. Joint Bookrunners are Guotai Junan Securities (Hong Kong) Limited, ABCI Capital Limited, China PA Securities (Hong Kong) Company Limited,Shenwan Hongyuan Securities (H.K.) Limited and TradeGo Markets Limited.Company OverviewDOBOT is one of leading companies that specializes in the development, manufacturing and commercialization of collaborative robots, or commonly known as“cobots.” DOBOT is a top 2 player in the global cobot industry and the No.1 player among all Chinese cobot companies, with a global market share of 13.0% as measured by shipment volume in 2023, according to the CIC Report. The global cobot industry is at a nascent stage of development, whose market size accounted for less than 2% of the global robot industry in terms of revenue in 2023. According to the same source, the Group ranked seventh in the global cobot industry with a global market share of 3.6% in terms of global revenue generated from cobots in 2023.The Group is focusing on industry innovation, particularly in cobot safety measures and AI capabilities, by introducing the flexible e-skin technology, SafeSkin, and launching AI-empowered cobots underpinned by its AI cobot empowering platform, X-Trainer. As of 6 December 2024, the Group offered a total of 27 cobot models in four series, catering to numerous use cases in manufacturing, retail, healthcare, STEAM education, scientific research settings and many more. During the Track Record Period, the Group sold a total of over 53,000 cobots globally.Business Model and Market OutlookCobots are robots with operational robotic arms intended for direct human-robot interaction or collaboration within a shared space or where humans and robots are operating in proximity. DOBOT is primarily engaged in the design,development, manufacturing and commercialization of cobots. Its cobot products are adopted by global customers for various use cases in manufacturing, retail, healthcare, STEAM education, scientific research settings and many more. All of the cobot products are designated Specialist Technology Products. The Group adopted a transaction[1] based model for the sales of the cobot products.The global cobot market size has grown significantly from US$466.6 million in 2019 to US$1,039.5 million in 2023,at a CAGR of 22.2%, and is expected to reach US$4,950.0 million by 2028, at a CAGR of 36.6% from 2023 to 2028.In particular, China is playing an increasingly important role in the global cobot market, with its share in the global cobot market projected to increase from 26.3% in 2023 to 37.2% in 2028, at a CAGR of 46.5% from 2023 to 2028.The proliferation of AI technologies is expected to further accelerate the adoption of cobots in more use cases. The Group believes DOBOT is well positioned to capture the substantial market opportunity.Financial HighlightsThe total revenue of the Group was approximately RMB174.3 million, RMB241.0 million, RMB286.7 million for FY2021, FY2022, FY2023, respectively, at a CAGR of 28.3% and increased by 9.6% from RMB109.9 million in the six months ended June 30, 2023 to RMB120.5 million in the six months ended June 30, 2024. The Group’s export volume of cobots has consistently ranked first in China for six consecutive years, according to the CIC Report.The Group recorded gross profit of RMB88.1 million, RMB98.2 million, RMB124.8 million, and RMB52.8 million in 2021, 2022, 2023 and the six months ended June 30, 2024, respectively. The gross profit margin in 2021, 2022 and 2023 was 50.5%, 40.8%, 43.5% and 43.9%, significantly above the industry average. The outstanding margin profile is largely attributable to the global distribution network and an international clientele. In 2021, 2022, 2023 and the six months ended June 30, 2024, overseas markets contributed 48.1%, 58.1%, 59.1% and 61.4% of the total revenue, respectively. The cost advantages also stem from the proprietary development of key components and in-house design and development of key components as well as economies of scale as demands for the products continue to grow, coupled with the ongoing ramp-up of the production base in Rizhao, Shandong. Being a major port city, Rizhao’s proximity to the port significantly reduces transportation costs, facilitating efficient global export of the products. The favorable margin profile not only improves the financial performance but also affords us more flexibility in marketing strategy tailored to an increasingly competitive landscape.In 2021, 2022 and 2023, the Group had losses for the year of RMB41.8 million, RMB52.5 million and RMB103.3 million, respectively, and in the six months ended June 30, 2023 and 2024, the Group had losses for the period of RMB51.7 million and RMB59.9 million, respectively. This mainly attributes to the fact that the Group is in the stage of expanding the Group’s business and operations in the rapidly growing cobot market and are continuously investing in research and development.Competitive StrengthsAs one of the leading companies in the cobot industry, the Group believes that its success is attributable to the following competitive strengths: Firstly, DOBOT is one of the leading players at the frontline of the booming cobot industry, which has been recognized by world-renowned customers for its outstanding technical capabilities and product strength, and has led to a number of advance technological innovations, especially in cobot safety measures and AI capabilities. At the same time, the Group adheres to the long-termist mindset and guides its product R&D, and the Group's research and development initiatives are geared towards sustainable growth and enduring impact. Leveraging its interdisciplinary research and development capabilities, the Group has become one of few in the global cobot industry, according to the CIC Report, that have developed proprietary full-stack technologies that cover all the key aspects in the cobot development cycle. In addition, the Group has a comprehensive product matrix catering to a wide array of use cases; More importantly, under the leadership of its experienced management team, the Group continues to expand its market share through the successful commercialization of its global business and customers.Growth StrategiesIn future, the Group pursues the following strategies to further grow the business: (1) continue to advance technology development, including further investing in the research and development of proprietary key components of cobots, investing in the research and development of AI technologies, further improving its motion control algorithms, and building a full-perception technology architecture to expand the perception and interaction capabilities of our cobots and continue to enhance the safety measures in human-robot collaboration to meet the requirements in various use cases; (2) continue to expand the Group’s product offering and ecosystem to maintain its competitive edge in comprehensive product offerings by further upgrading existing products and launching new products; (3) enhance production capabilities and capacity to streamline supply chain management by introducing advanced manufacturing technologies and equipment to the production lines; (4) further fortify the Group’s sales network to expand global reach. The Group plans to establish three overseas subsidiaries in Thailand, Mexico and United Arab Emirates to seize the business opportunities; and (5) selectively pursue strategic collaboration, investment and acquisition opportunities to integrate industry resources that may help the Group acquires new technologies, expand sales channels and tap into new industries where most of potential customers have their designated cobot integrators or suppliers.Mr. Liu Peichao, Founder, Controlling Shareholder, Chairman of the Group’s Board, executive Director and general manager of DOBOT concluded, “We are pleased to witness this significant milestone in the Group’s history.Through the Group’s listing on the Main Board of HKEx, we will tap into the international capital markets. This will not only broaden the Group’s capital and shareholder base, but will also provide us with capital to fund the Group’s expansion plan, which will finally strengthen the Group’s position in the industry and further enhance the Group’s competitive advantages, thereby driving the Group’s long-term development.”"Looking ahead, we are committed to further developing and consolidating the Group’s position in the collaborative robotics industry. The growth rate of the global collaborative robot industry will far exceed the growth rate of the traditional industrial robot industry. It is expected that the popularization of AI technology will further accelerate the adoption of cobots in more use cases. With considerable growth and the Group’s own full-stack technology, we look forward to capturing the global cobot market opportunity to maintain our leading position in the industry and create greater value for the shareholders."For further enquiries, please contact Bright Communications International Limited:Ms. Kung Mobile: (852) 46371627Email: ir@brightcommns.com Copyright 2024 ACN Newswire via SeaPRwire.com.

Xeleb debuts misscharm.io with Miss Charm 2024 on 21 December in Ho Chi Minh, marking the first-ever use of blockchain in a beauty pageant.Contestant-issued MEME coins allow fans to directly support their favorite beauty queens, with a portion of proceeds benefiting charitable causesXeleb plans a Token Generation Event (TGE) in Q1 2025, with listings already secured on global top 5 crypto exchanges.Miss Charm’s contestantsHO CHI MINH CITY, VIETNAM, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - Xeleb, an online voting and judging platform for global talent contests has launched through an exclusive partnership with Miss Charm, an international beauty pageant. From global beauty pageants to song and model contests, Xeleb leverages decentralization and digital assets to reward fan participation and amplify audience interaction.Xeleb has launched with a mission to increase and monetize fan and viewer engagement for these contests. The global audience for talent contests is enormous, as evidenced by the 243 million total engagements for the 2024 Miss Universe live broadcast on Telemundo(1), and the 163 million viewers of the 2024 Eurovision Song Contest(2). Xeleb taps into this unparalleled engagement potential by creating an ecosystem where fans can vote, judge, and earn rewards through a decentralized platform powered by blockchain technology.This year’s edition of the Miss Charm global finals will be held in Ho Chi Minh City, Vietnam on December 21, featuring contestants from 38 countries.Xeleb has developed misscharm.io as the official digital hub for Miss Charm fans. Fans can access two innovative features:Telegram Game Powered by TON: Fans can cast votes and judge contestants, earning rewards in return.Miss Charm MEME Coins: Fans can purchase unique MEME coins issued by contestants, allowing direct support for their favorite beauty queens. A portion of any gains from these coins will benefit charities chosen by the respective contestants.The Miss Charm advisory team includes key players from global franchises such as Miss World, Miss Universe, Elite Models, and Ford Models. They are joined by experts in regulated global crypto platforms and token listing strategies on major exchanges. CEO Paul Vinciano, former owner of Elite Models Vietnam and Miss Vietnam, and his team also operate one of Vietnam’s leading crypto technology development firms.Paul Vinciano, CEO of Xeleb said “Xeleb is set to revolutionize fan and audience engagement in global talent contests through our blockchain-powered, tokenized voting and judging platform. By integrating decentralization and digital assets, we are creating an ecosystem that not only enhances interactivity but also empowers fans to play an active role in the success of their favorite contestants.”Xeleb’s launch is backed by strategic seed investment from tech investor Calvin Cheng, a former Singapore Parliamentarian, and current Honorary Consul of Serbia in Singapore. Calvin was also Head of Elite Models Asia and owned the franchise for Ford Supermodel of the World Singapore, Malaysia and China. He is also currently Chairman & Founder at Paymonade, one of the largest European digital asset on-off ramps, which counts Binance as a major client. He is also the founder of AEUR, one of the world’s largest listed Euro-backed stable coins.In conjunction with this launch, Xeleb is excited to announce the completion of a major funding round led by HashKey Capital. Other prominent investors include Amber Group, MEXC Ventures, Foresight Ventures, and Mirana Ventures. Notably, MEXC Ventures is the investment arm of MEXC Crypto Exchange, Foresight Ventures represents the investment division of Bitget, and Mirana Ventures serves as the investment arm of Bybit.“The team combines both world-class track records in entertainment as well as digital assets. I am honored to invest in Xeleb alongside crypto investment titans like HashKey, Amber, Mirana, Foresight and MEXC,” said Calvin Cheng.Looking ahead, Xeleb plans a Token Generation Event (TGE) in Q1 2025, with listings already secured on global top 5 crypto exchanges.(1) https://tinyurl.com/y94pk5ht (2) https://tinyurl.com/yrn2u8r2 About XelebXeleb (xeleb.io) is a cutting-edge online voting and judging platform designed to revolutionize global talent contests by leveraging blockchain technology. Launched in partnership with Miss Charm on misscharm.io, Xeleb empowers fans to engage more deeply in their favorite contests while earning rewards.Xeleb is backed by an experienced team of industry experts, including veterans from global beauty franchises and regulated crypto platforms. Strategic investments from industry leaders such as HashKey Capital, Amber Group, and Calvin Cheng have further solidified Xeleb's position as a trailblazer in the intersection of entertainment and blockchain.About Miss CharmMiss Charm 2024 is a global-scale beauty pageant, which aims to search for the most exceptional female representatives from different countries all around the world, to appreciate their beauty as well as their cultures and educational backgrounds. The judging criteria for the pageant will involve beauty, physique, intellect as well as the ability to captivate the audience with the appeal.For media inquiries and interview requests, please contact:Lee Ke Wei (Financial PR)(T) 6438-2990(E) kewei@financialpr.com.sg Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - Between December 4-6, the Asia Video Industry Association (AVIA) closed off 2024 with three days of high-level meetings and conferences, covering Piracy, Policy, the annual OTT Summit alongside the advertising Upfront Showcases from leading streamers and publishers and the Annual General Meeting. The conferences brought together over 300 international and regional industry executives.Piracy Over The Top hosted by General Manager of the Coalition Against Piracy (CAP), Matthew Cheetham on 4thDecember saw a series of lively discussions with BBC Studios, beIN Sports, Meta, Malaysia’s Ministry of Domestic Trade and Cost of Living (MDTCL), NHK (Japan Broadcasting Corporation), Premier League, and TikTok, revolving around content protection, piracy trends, enforcement solutions and exclusive insights into what to expect in 2025. Key takeaways from these discussions highlighted the urgency of deeper collaboration between government, industry and intermediaries to clamp down on bad actors.The annual AVIA Policy Roundtable held behind closed doors and under Chatham House Rules saw a very high number of regulators from all around the region engaged in conversation with industry about the challenges and opportunities both face.The AVIA OTT Summit on 5th December this year turned to the world of advertising highlighting transformative trends and actionable insights for advertisers and media owners across the region. Kicking off the first session, Dhivya T, Lead Analyst – Head of Content & Platform Insights, Media Partners Asia (MPA), emphasized the growing shift to Connected TV (CTV) as traditional TV viewership declines, driven by its personalized, measurable appeal. CTV penetration is surging across APAC, with Japan and Korea expected to reach 80-85% active household penetration, and emerging markets like Thailand and Indonesia exceeding 50%. While user-generated content (UGC) dominates mobile platforms like YouTube and TikTok in Southeast Asia, premium streaming options like SVOD and Freemium retain significant scale. The Premium AVOD market in APAC (excluding China) is forecasted to grow at a 25% CAGR to over USD 8 billion over the next five years, with BVOD and SVOD as key drivers. Dhivya concluded by highlighting the growing opportunities in the Premium AVOD category and the undeniable dominance of YouTube and TikTok in mobile engagement.Raj Parekh, VP & Head of Digital Sales, Mediacorp, emphasized the role of innovative and engaging ad formats in driving user engagement, a sentiment echoed by Kanika Manglik, Vice President-Investment Strategy at GroupM. Speaking on the trends to expect, Jason Barnes, Chief Revenue Officer APAC, PubMatic, highlighted ongoing market consolidation and the evolution of Connected TV (CTV) into a full-funnel solution. Kanika further noted the growing consumer preference for watching content on larger screens, underscoring the shift toward more immersive viewing experiences. Both, Anannya Paliwal, Regional Director - Digital Solutions, Omnicom Media Group Asia Pacific, and Sunil Naryani, President Partnerships & Product Solutions, dentsu APAC noted that the difference in production techniques between UGC and professional content may be narrowing, but the category and nature of content is likely to remain very distinct.AI remains as one of the key trends to expect in 2025 for Jonathan Smith, SVP Product Data & Tech, GroupM and Anson Tan, Country Head – Singapore, Viu. Jonathan emphasized how generative AI is lowering barriers for smaller companies to create impactful advertisements while Anson highlighted the importance of collaboration between brands and agencies. Both Anson and Jonathan encourage advertisers to embrace experimentation and collaboration with media partners. In the other panel, Megan Reichelt, Country Manager, South East Asia, Hong Kong & Taiwan, Integral Ad Science, also foresaw a lot of close collaboration between tech parties and publishers to give confidence to advertisers while Christine Lau, Director of Yield Management, Viu, was confident that shoppable ads and deeper e-commerce integrations is expected to gain traction.James Wildbore, SVP & GM Global Ad Sales, BBC Studios, underscored the importance of maintaining the trust of audiences through BBC Verify. As the industry is evolving with more consumers using smart TV, Jolene Sng, Head of Agency Development, Samsung Ads shared that around half of all smart TV shipments will be within APAC by 2027 and advertisers should understand their consumers to ensure effective ads on various platforms. The preference for large screen viewing experiences and the benefit of getting traditional TV advertising with a modern and cost-effective approach was once again mentioned by James Ross, CEO, Lightning International, and Bhuvnesh Kanwar, Vice President, Revenue and Head of FAST, KC Global Media. The push for standardized audience measurement metrics remains critical in the discussions around addressing the challenges in programmatic and measurements for Erin Williams, Sales Director, APAC, CNN and Yann Courqueux, VP Entertainment, StarHub Ltd.In the closing discussion with AVIA’s CEO, Louis Boswell, on expanding content overseas, Ed Love, Head of Samsung TV Plus ANZ & South East Asia, Samsung Ads, highlighted how FAST (Free Ad-Supported Streaming TV) removes cost barriers, enabling efficient cross-market distribution. Having launched with 20 channels in the Philippines, Singapore and Thailand they are looking to aggressively grow this number and partnerships are key to this. Sharing insights into their plans over the next 12 months, Ed stressed that the focus will be on "local, local, and local", leveraging FAST’s lower market entry barriers to create a compelling linear offering.Running parallel to the OTT Summit, the Upfront Showcase spotlighted cutting-edge content and advertising opportunities from leading streaming and broadcasting publishers BBC Studios, iQIYI, Samsung Ads, StarHub and Viu. Attendees were treated to an exciting half day of insight and innovation.At the Annual General Meeting AVIA were pleased to announce the appointment of two newly elected Board members: Debra Richards, Director – APAC Content, Studio & Production Affairs – ANZ Public Policy, Netflix and Tim Harris, Vice President Transactional Sales and Emerging Media Asia Pacific, Sony Pictures Entertainment. AVIA also wishes to express its thanks to Yoly Crisanto, Chief Sustainability and Corporate Communications Officer, Globe, and Nick O’Donnell, former APAC Head of Public Policy of Netflix, for their contributions during their tenure.Also at the AGM, AVIA paid tribute to Matt McDonald, Senior VP and GM at Sony Pictures Television. He was presented with an award for distinguished service to the Asian video industry after many years of leading initiatives from ensuring channel frequencies were not affected when 5G services were rolled out to helping manage continuity of services throughout the pandemic, and especially in the first wave of lockdowns.Thanks to NBCUniversal and Netflix for their support for the Policy Roundtable. The OTT Summit was proudly sponsored by Gold Sponsors Irdeto, Publica and TV5MONDE; and Silver Sponsors INVIDI, Magnite, PubMatic and ShemarooVisit our media gallery for photos from event.About the Asia Video Industry AssociationThe Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.For media enquiries and additional background information, please contact:Charmaine Kwan | Tan Teck Weecharmaine@avia.org | teckwee@avia.org www.avia.org | www.linkedin.com/company/asiavideoia|X: @AsiaVideoIA Copyright 2024 ACN Newswire via SeaPRwire.com.

REED SOCIETE GENERALE GROUP INVESTS €10 MILLION IN LOOP VIA A CONVERTIBLE PREFERRED SECURITY AT A $4.75 CONVERSION PRICE.LOOP COMPLETES ITS INAUGURAL SALE OF AN INFINITE LOOP™ TECHNOLOGY LICENSE, GENERATING AN UPFRONT PAYMENT OF €10 MILLION.FORMATION OF A EUROPEAN PARTNERSHIP TO DEPLOY INFINITE LOOP™ MANUFACTURING TECHNOLOGY.PROCEEDS TO SUPPORT CONSTRUCTION OF THE INFINITE LOOP™ FACILITY IN INDIA AND FINANCE LOOP'S OPERATIONAL CASH REQUIREMENTS.LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET on December 13, 2024MONTREAL, QUEBEC, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile ("T2T") polyester fiber, has secured €10 million through a convertible preferred security financing with Reed Societe Generale Group, a European investment firm majority-owned by the bank Societe Generale. Additionally, as part of the Reed Societe Generale Group transaction, Loop has finalized the sale of its first Infinite Loop™ technology license, generating an initial €10 million payment, with additional milestone-based payments from Reed Societe Generale Group to follow.The Reed Societe Generale Group transaction marks a pivotal step in Loop's commercialization strategy, enabling the deployment of its patented recycling technology across Europe and supporting capital investment in cost-effective manufacturing regions, including its joint venture in India with strategic partner Ester Industries Ltd. Proceeds from the financing and licensing deal will fund the Indian project and Loop's operational cash flow needs.Key terms of the €10 million convertible preferred security include:13% PIK dividend rate5-year termConvertible to Loop common stock at $4.75 per share or redeemable in cashThe technology license will be granted to a European partnership owned 90% by Reed Societe Generale Group and 10% by Loop, which is being formed to develop Infinite Loop™ manufacturing facilities in Europe. Loop retains the right to increase its equity stake in the European manufacturing facility, as well as potential future facilities, to a maximum of 50% for each facility. The license is to build one Infinite Loop™ manufacturing facility in Europe. Future facilities under this partnership will require the purchase of additional technology licenses from Loop.The license sale underscores the commercial readiness of Loop's technology, validated by four years of successful operations at its Terrebonne facility, which supplies bottle-grade PET resin for consumer packaging and T2T polyester fiber to advance circular fashion for apparel brands. Loop is committed to expanding the reach of its proven solution to the plastic waste global issue by partnering with well-financed, reliable customers through technology licenses and engineering services. This strategy allows Loop to address global demand in regions where it does not plan to build facilities, driving further growth and value creation while focusing Loop's internal resources and capital on direct equity investments.With regulatory approval for Societe Generale's acquisition of a 75% stake in Reed Societe Generale Group finalized, it is positioned to deploy capital into this and other projects. The previous condition precedent to closing relating to government funding is no longer applicable, although Loop expects that such additional financing will be available when the Indian project is approved to begin construction. Funding for both the financing and the initial payment for the technology license is expected within seven business days following the incorporation of the European partnership company.Julien Touati, CEO of Reed Societe Generale Group, commented: "Reducing dependency on virgin plastics is a global challenge. We are proud to support the rollout of Loop's technology in Europe by becoming the majority shareholder of this European partnership. This strategic investment allows us to leverage Loop's unique expertise and strong relationships with world-class brands committed to decarbonizing their supply chains. It fits perfectly with our ambition to actively contribute to the industrialization of Europe's circular economy, significantly reduce pollution, and foster sustainable growth.""The sale of our first technology license is a transformative milestone, proving the scalability and market readiness of our Infinite Loop™ technology," said Daniel Solomita, CEO and Founder of Loop Industries. "Our financing agreement and partnership with Reed Societe Generale Group propels us into a new phase of growth - expanding into Europe with strategic precision while advancing our flagship Infinite Loop™ project in India. These strategic steps align with our long-term investment vision and underscore our commitment to innovation, scalability, and delivering exceptional value for our shareholders. I look forward to working closely with Julien and his team at Reed Societe Generale Group in leading the circular economy in plastic packaging and circular fashion in Europe."Corporate Update CallSenior Management of Loop will host a corporate update call, followed by a question-and-answer session, which can be accessed via the dial-in numbers below.Date: Friday, December 13, 2024Time: 8:45 am Eastern TimeParticipant joining details (by Telephone):United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Access Code: 625641ORRegistration Link: https://www.netroadshow.com/events/login?show=2e808989&confId=75536- Avoid wait time - Bypass speaking with an operator to join the call- Receive a Calendar Invitation with call access details including your unique PINAbout Loop IndustriesLoop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP."For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop IndustriesForward-Looking StatementsThis news release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continue," the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop's market opportunity, its growth strategies, plans and timelines for completing the €10 million convertible preferred stock financing and technology license sale, plans for use of expected proceeds, ability to improve and expand its capabilities and seek additional financing, and plans for future growth and future operations including expansion in Europe and advancing the joint venture in India. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any Securities and Exchange Commission ("SEC") investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law.For More Information:Investor Relations:Kevin C. O'Dowd, Investor RelationsLoop Industries, Inc.+1 617-755-4602kodowd@loopindustries.comMedia Inquiries:Andrea Kostiuk, VP Marketing & CommunicationsLoop Industries, Inc.+1 (450) 951-8555akostiuk@loopindustries.comSOURCE: Loop Industries Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Dec 12, 2024 - (ACN Newswire via SeaPRwire.com) - The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer, and Black Bear Merchant Services Limited (the holding company of BBMSL Limited “BBMSL”) are pleased to announce the signing of a strategic alliance to establish a new brand and group holding company, ABBY Pay&Tech Holdings Limited ("AbbyPay"). Under this new strategic alliance, AbbyPay will leverage PCG's market leading position as an acquirer with principal memberships in all major card schemes including Visa, MasterCard, AMEX, UnionPay, and JCB. The combined group will also leverage strong digital payment technology capabilities from PCG’s A3A, Asia’s first cloud-based payment processing and settlement platform, in servicing BBMSL's strong customer base. This strategic alliance will accelerate PCG’s expansion in market share by covering 50,000 local merchants in Hong Kong and other Asia Pacific regions with multiple brands to meet diverse market demands and empower local merchants through innovative payment technology.From left to right: Mr. Barry Mak, representative of AbbyPay, Mr. Peter Wu, Founder of PCG, Mr. Gerald Yu, Chief Executive Officer of BBMSL, Ms. EsterChow, Chief Financial Officer of BBMSL, and Ms. Beatrice Tai, Co-Founder and Chief Operating Officer of PCG, jointly officiated the signing ceremony.Beatrice Tai, Co-Founder and Chief Operating Officer of PCG, said, "This strategic alliance marks an important milestone for PCG in the field of payment solutions in the Asia-Pacific region. With the technological advantages of our A3A platform, combined with BBMSL's stong market coverage, AbbyPay will provide innovative, seamless payment and settlement solutions for micro merchants, SMEs, and enterprises, rapidly and efficiently tapping into new markets across various industries in the Asia-Pacific region. We look forward to AbbyPay expanding its business footprint and further consolidating the local payment industry, strengthening PCG's leading market position in the payment sector.”Gerald Yu, Chief Executive Officer of BBMSL, said, "This strategic alliance represents PCG's high recognition of BBMSL's years of effort and achievements in the Hong Kong market, reflecting our potential and confidence in working together. Since 2017, BBMSL has held a significant market share in the local SME merchant market and has gained widespread recognition and support in Hong Kong. These advantages will lay a solid foundation for AbbyPay’s development. I look forward to working with AbbyPay to fulfill BBMSL's mission, grow alongside SMEs, and hope this partnership creates even greater achievements."Introducing Asia's first cloud-based payment processing and settlement platform, A3A, in the Asia-Pacific Region to unleash the potential of digital paymentsAbbyPay will offer Asia's first cloud-based payment processing and settlement platform, A3A, across markets in Japan, Singapore, Malaysia, and Thailand. Through a single API, A3A offers direct end-to-end processing with major card schemes (such as Visa, MasterCard, AMEX, JCB, and UnionPay), e-wallet networks, and mobile payment platforms. Comparing to traditional payment processing platforms, A3A boasts competitive advantages such as low integration fee, speedy and easy integration, instant settlement, and real-time transaction data insights.Mr. Barry Mak, representative of AbbyPay, shared AbbyPay's vision.Barry Mak, representative of AbbyPay, said, "We have entered a new era of payment in the Asia Pacific market. AbbyPay is groundbreaking in Hong Kong's payment industry and will disrupt the entire sector, bringing unprecedented opportunities. PCG has strong technological capabilities, while BBMSL has a solid customer base and market recognition in the local market. I firmly believe that AbbyPay has unlimited potential in Hong Kong and the Asia-Pacific region, leading future payment trends while serving and creating value for all types of merchants, from large chain restaurants to SMEs and micro merchants."About Payment Cards Group (“PCG")Payment Cards Group (“PCG”) is an innovative and leading payment technology company with operations in Singapore, Hong Kong and the Asia-Pacific region. Established in 2016, PCG has become an acquirer with principal memberships in all major card schemes and e-wallet networks. Its subsidiary, Yedpay, has firmly established itself as a payment acceptance business in Hong Kong. Meanwhile, A3A, another member of PCG, has developed a cloud-native payment processing platform that operates through RESTful APIs, significantly reducing costs and streamlining complex processes while providing users with real-time transaction data and insights. As an acquiring processor, PCG serves as the backbone infrastructure of the entire payment industry by its Asia’s 1st cloud-based processing and settlement platform. Rooted in Hong Kong with a global vison, PCG seeks to empower merchants with cutting-edge payment technology solutions and drive high-quality development in the global payment ecosystem. For more information, please visit PCG’s website: https://www.yedpay.com/en/For media enquiries, please contact:AJA (IR and Communications)Avy YuEmail: avy.yu@ajacapital.com.hkTel: (852) 9500 4443Eudice LawEmail: eudice.law@ajacapital.com.hkTel: (852) 9326 1113 Copyright 2024 ACN Newswire via SeaPRwire.com.

TEWKSBURY, MA, Dec 12, 2024 - (ACN Newswire via SeaPRwire.com) - Cambridge Isotope Laboratories, Inc. (CIL) has successfully developed and implemented a game-changing benzene-d6 recovery program, addressing major pain points for manufacturers of organic light-emitting diode (OLED) displays. This innovative service reduces costs, minimizes environmental impact, and conserves scarce deuterium supplies.OLED display producers rely heavily on deuterated benzene (benzene-d6) as a critical starting material in their synthesis processes. However, this results in significant quantities of depleted benzene-d6, which is no longer usable but still retains considerable deuterium value. The disposal of such depleted material poses environmental challenges and substantial expenses.CIL's benzene-recovery program offers a transformative solution. Customers can now return their depleted benzene-d6 to CIL, where it undergoes a proprietary re-enrichment process to restore it to virgin material quality. This service is available at a significant cost savings compared to new benzene-d6, providing significant economic benefits.Beyond the financial advantages, the program has far-reaching environmental and supply implications. It eliminates the need for costly disposal, reduces the demand on increasingly scarce deuterium (derived from heavy water, D2O) and conserves this vital resource for its growing applications in science, medical diagnostics, pharmaceuticals, and semiconductor production.Recycling offers several sustainable benefits. It reduces pollution by releasing fewer chemicals into the environment. Recycling also saves energy, as reprocessing chemicals like benzene requires less energy than producing them from raw materials. This leads to lower greenhouse gas emissions, helping to combat climate change."This initiative underscores CIL's commitment to collaboration and innovation in addressing our customers' most pressing challenges," said Cliff Caldwell, CEO of CIL. "By recovering and re-enriching depleted benzene-d6, we create a circular economy approach that is both economically and environmentally sustainable. As the world's largest supplier of benzene-d6, we are uniquely positioned to deliver this groundbreaking service."CIL's benzene recovery program is the result of 12 months of dedicated development, expansion, and rigorous testing to ensure reliable capacity and uncompromising quality. CIL invites interested parties to inquire about the program's details and how to participate.About Cambridge Isotope Laboratories, Inc.CIL is the world's largest manufacturer and global supplier of stable isotopes and stable isotope-labeled compounds used in research, environmental, pharmaceutical, medical diagnostic, OLED, and industrial markets. CIL subsidiary ABX, located in Dresden, Germany, is active in the development and commercialization of radio isotopic-labeled compounds for the diagnosis and treatment of cancers. CIL is an operating business owned by Otsuka Pharmaceutical. The CIL business consists of two facilities in the Boston, MA, area; a large isotope-enrichment production plant in Xenia, OH; CIL China; CIL Canada; ABX in Dresden, Germany; and Eurisotop in Saclay, France. For more information on CIL, visit isotope.com.Contact InformationCrissy Kriskocrissyk@isotope.com1.978.269.1930SOURCE: Cambridge Isotope Laboratories, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.

IRVINE, CA, Dec 13, 2024 - (ACN Newswire via SeaPRwire.com) - Accurate Background, the world's largest independent provider of compliant background checks and monitoring solutions, announced it has strengthened its global leadership team with the appointment of Mark Thompson, Managing Director, Australia and Asia Pacific region (APAC). In support of Accurate's vision to make every hire the start of a success story, Mark will lead Accurate's growth teams in the region. Mark's experience in building high-performance teams, driving enterprise sales and client retention, and leveraging data-driven strategies aligns with Accurate's goals to rapidly expand in the APAC region. Reporting to Dan Shoemaker, Chief Revenue Officer, Mark will spearhead the development and execution of sales strategies to drive market share, client growth, and regional innovation."I am thrilled to welcome Mark to the Accurate team and am confident he will make an immediate impact on our growth in the region," said Dan Shoemaker. "Mark brings extensive experience not only growing businesses but also delivering a high standard of customer experience that is a hallmark of Accurate throughout the world."Mark joins Accurate with over two decades of strategic sales and marketing leadership in B2B markets. With a proven track record in revenue growth, team leadership, and market expansion, Mark successfully led sales and marketing initiatives across industries including background screening, financial services, and data solutions."I'm honored to join Accurate Background at such an exciting time in the region. Employment screening plays a vital role in building trust and ensuring workplace integrity, and I look forward to collaborating with our talented team to deliver exceptional service and innovative solutions to our clients," said Mark Thompson. "With Accurate's strong global foundation, I believe we are uniquely positioned to expand our impact and support government and businesses across the region in navigating an evolving employment landscape."Accurate's recent launch of Accel, a next-generation platform that is 100% Australia-hosted, marks a significant milestone in our commitment to providing market-leading capabilities for local organizations.About Accurate BackgroundOur vision is to make every hire the start of a success story. As a trusted provider of employment background screening and workforce monitoring services, Accurate Background gives companies of all sizes the confidence to make smarter, unbiased hiring decisions at the speed of demand.Experience a new standard of support with a dedicated team, comprehensive technology and insight, and the most extensive coverage and search options to advance your business while keeping your brand and people safe. To learn more, visit accurate.com.Media ContactMedia@Accurate.comSOURCE: Accurate Background LLC Copyright 2024 ACN Newswire via SeaPRwire.com.