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AIM Vaccine’s 13-valent pneumonia conjugate vaccine obtained Production license

Application for drug marketing registration duly submitted Super heavyweight items are expected to drive performance soaring


HONG KONG SAR – Media OutReach Newswire – 1 November 2024 – AIM Vaccine (06660.HK) announced on 1st November that the application for drug marketing registration of the Company’s independently developed 13-valent pneumonia conjugate vaccine has been submitted to the National Medical Products Administration. AIM Persistence Biopharmaceutical Co., Ltd., a wholly-owned subsidiary of the Group, has obtained the requisite drug production license for manufacturing the product. Prior to the outbreak of the COVID-19 pandemic, the product had been the world’s top-selling vaccine for ten consecutive years. AIM Vaccine this super heavyweight single product entered the countdown to market.

According to the classification of the World Health Organization, pneumococcal disease is one of the diseases with very high priority use of vaccines for prevention. According to Pfizer’s 2023 annual report, Pfizer’s global sales of the pneumonia conjugate vaccine in the year of 2023 was approximately USD6,440 million. In addition, the estimated penetration rate of the 13-valent pneumonia conjugate vaccine in the approved age group in China is 25.9%, while the penetration rate in the corresponding age group in the United States exceeds 80%, indicating that there is still significant room for growth in the Chinese market. Domestic sales of the product in 2022 was approximately RMB9,500 million. According to the forecast of China Insights Industry Consultancy Limited, it is expected that the market size of the product will reach RMB35,000 million in 2030.

Based on the estimation of authoritative organizations, the global underserved demand for the 13-valent pneumonia conjugate vaccines is as high as 180 million doses. However, currently, only three companies have been approved to supply them globally. The Group will become an important supplier in the market after the launch of this product, which will significantly enhance the Company’s performance.
Hashtag: #AIMVaccine

The issuer is solely responsible for the content of this announcement.

First Phosphate Files NI 43-101 Technical Report for Initial Mineral Resource Estimate at Begin-Lamarche Property, Saguenay-Lac-Saint-Jean Quebec


SAGUENAY, QUEBEC – Newsfile Corp. – 31 October 2024 – First Phosphate Corp (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that the Company has filed its Initial Mineral Resource Estimate (“MRE”) Technical Report for the Bégin-Lamarche Project, located 50 km northwest of the City of Saguenay, Quebec, Canada.

The Technical Report titled “Technical Report and Initial Mineral Resource Estimate of The Bégin-Lamarche Phosphate Property, Saguenay – Lac Saint-Jean Region, Northern Quėbec” dated November 1, 2024, with an effective date of September 9, 2024, was prepared by P&E Mining Consultants Inc. and is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects and supports the disclosures made by the Company in its news release dated September 18, 2024. A full copy of the Report is available on the First Phosphate website at www.firstphosphate.com/projects/begin-lamarche and can be found at SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

MRE Highlights include:

  • Inferred pit-constrained Mineral Resource: 214.0 Mt @ 6.01% P2O5 (phosphate)
    Indicated pit-constrained Mineral Resource: 41.5 Mt @ 6.49% P
    2O5
  • Including Mountain Zone: Indicated Mineral Resource of 9.3 Mt @ 8.19% P2O5
    Inferred Mineral Resource of 6.8 Mt @ 8.57% P2O5
  • The Deposit is open at depth
  • The deposit contains very low levels of potentially deleterious elements
  • Metallurgical Testwork indicates an anticipated apatite concentrate grade of 40% P2O5 at a 91% recovery
  • The deposit presents the potential for recovering two additional primary mineral products: a magnetite concentrate (iron) and an ilmenite concentrate (titanium)
  • Apatite (Phosphorus), titanium and high purity iron are all listed on the Quebec and Canadian critical minerals lists

Qualified Person

The Qualified Person independent of the issuer, responsible for estimating the Mineral Resources of the Begin-Lamarche Property, within the meaning of NI 43-101, is Mr. Antoine Yassa, P.Geo., of the firm P&E Mining Consultants Inc. Mr. Yassa has read this press release and confirms that the scientific and technical information in this press release for accuracy and compliance with NI 43-101.

The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of the Company and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

For additional information, please contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

The issuer is solely responsible for the content of this announcement.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the lithium iron phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

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Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; limited resources and competition; negative cash flow from operations and the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Indigenous title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; fluctuation in commodity and materials prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; contagious disease and geopolitical risks; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual report on Form 20-F dated July 8, 2024 and Management Discussion and Analysis dated October 21, 2024 which are available on SEDAR at . Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR THE UNITED STATES

426 Major Projects Accelerating in Ordos


ORDOS, CHINA – Media OutReach Newswire – 31 October 2024 – On October 28, nearly 20,000 builders fought on the front line at the site of the 2.6 million tons of coal-to-olefins and supporting 400,000 tons of implanted green hydrogen coupling to olefins demonstration project in Baofeng, Inner Mongolia in Uxin Banner. In the past two days, the project has entered the final stage of equipment installation.

The site of the 2.6 million tons of coal-to-olefins and supporting 400,000 tons of implanted green hydrogen coupling to olefins demonstration project in Baofeng
The site of the 2.6 million tons of coal-to-olefins and supporting 400,000 tons of implanted green hydrogen coupling to olefins demonstration project in Baofeng

Since the construction of the 2.6 million tons of coal-to-olefins and supporting 400,000 tons of implanted green hydrogen coupling to olefins demonstration project in Baofeng, Inner Mongolia has completed a cumulative investment of 24.783 billion yuan, and the first series is planned to be put into trial production in November. As the world’s largest single-plant olefin production project, the first phase of the investment is 47.8 billion yuan, with an annual output of 7.42 million tons of methanol, 3 million tons of polyolefins, 1.5 million tons of polyethylene and 1.5 million tons of polypropylene. The production of green hydrogen through “wind and solar integration” power generation and the production of methanol and olefins can not only effectively alleviate the gap in the domestic market, but also promote the recycling and low-carbon transformation of coal resources, providing a demonstration and guidance for the high-end development of the coal industry in Inner Mongolia and even the whole country. After the completion of the project, the annual operating income will exceed 60 billion yuan and the industrial added value will be 40 billion yuan, injecting new momentum into the prosperity of the local economy, promoting industrial transformation and upgrading, and ensuring national energy security.

In the microgrid laboratory of the Ordos New Energy Research Institute, the research team is conducting relevant tests of the power grid simulator, improving the stability and energy distribution efficiency of the power grid system through real-time monitoring data and optimizing the model, and providing technical support for the application of clean energy in Ordos.

Ordos New Energy Research Institute promotes energy technology innovation and application with the model of “government support, academician leadership, and school-enterprise cooperation”. In March this year, the construction of the Ordos New Energy Laboratory was started, and the first phase of the project was put into operation at the end of July, and the second phase of the construction is also progressing steadily.

In recent years, Ordos City has adhered to the principle of “ecological priority and green development,” regarding major project construction and investment as the core driving force for stabilizing economic growth, and steadily advancing the high-quality development of all undertakings in economy and society. In 2024, the city planned to implement 426 major projects with government investments over 50 million yuan and enterprise investments over 100 million yuan, all of which have resumed operations. By mid-October, investments amounting to 154.79 billion yuan have been completed.

Hashtag: #OrdosMediaConvergenceCenter

The issuer is solely responsible for the content of this announcement.

Light Show Illuminates the Liangma River


BEIJING, CHINA – Media OutReach Newswire – 31 October 2024 – During the recently launched 2024 Beijing Chaoyang International Light Festival, the Liangma River Cultural and Economic Belt, on the theme of “Following Light, Beautiful Shadows,” has erected over 50 lighting installations and staged over 10 entertainment and consumption event across three main areas: the Liangma River International Water Front with the sub-theme of “Flowing Light and Color,” Chaoyang Park with the sub-theme of “A Light Adventure,” and Junwangfu (Mansion of Commandery Prince Shuncheng) with the sub-theme of “The Art of Light and Shadow of the National Style.” Tourists can access these attractions either on water or on land.

Two visitors enjoying the light show on the bank of the Liangma River.
Two visitors enjoying the light show on the bank of the Liangma River.

Starting from the Yansha Wharf, an “AI Dancer” gracefully performs on building facades, showcasing a dance projection called “Light Dance of Blossoms,” created using AI technology. At Liangma Port, the Bogong Lock features a rich display of light and shadow effects, combining naked-eye projection, laser drawing, and mechanical movements with a strong national style. At SOLONA Wharf, the “Magical Night: Music Box” light show combines music with visual art, creating a lively atmosphere that feels like a magical stage.

The Liangma River connects the major shopping districts of Sanlitun, Yansha, and SOLONA, and is lined by nearly 10,000 high-rated shops including five-star hotels, Michelin restaurants, cafes, tea houses, bookstores, and theaters. This integration of leisure and culture highlights the unique characteristics of a riverside zone with interconnected commercial areas, making it Beijing’s only waterfront economic belt that gathers cultural, commercial, and tourism factors.

As a “golden business card” for Beijing’s cultural and tourism industries, the Liangma River Cultural and Economic Belt is highly favored by residents and domestic and international visitors alike. In the future, Chaoyang will upgrade this economic belt, introducing emerging industries and digital art activities, and creating avant-garde cultural spaces and popular destinations for cultural, commercial, tourism and sports consumption that appeal to youths and lure more international tourists to enjoy the beautiful night scenery by boat.

Hashtag: #BeijingChaoyangInternationalLightFestival

The issuer is solely responsible for the content of this announcement.

Hong Kong: reinforcing links with Saudi Arabia and the Middle East


HONG KONG SAR – Media OutReach Newswire – 31 October 2024 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government, is visiting Saudi Arabia to attend the FII (Future Investment Initiative) and strengthen the HKSAR’s connections with the country and the wider Middle East region.

Hong Kong’s Financial Secretary, Paul Chan, speaking during his visit in Saudi Arabia.
Hong Kong’s Financial Secretary, Paul Chan, speaking during his visit in Saudi Arabia.

In Riyadh (October 30), Mr Chan joined the listing ceremony at the Saudi Exchange for the first exchange-traded fund (ETF) in Saudi Arabia that invests in Hong Kong stocks, a product that is the result of collaboration between Albilad Bank of Saudi Arabia and Hong Kong’s CSOP Asset Management Limited.

Mr Chan highlighted that, with this being the largest ETF in the Middle East, it would attract more regional investors and broaden funding sources for the Hong Kong market, while diversifying the investment product offerings in the Saudi market, fostering the development of its ETF market, creating a win-win situation.

Speaking at a breakfast meeting hosted by the Hong Kong Exchanges and Clearing Limited (HKEX) in Riyadh, Mr. Chan said: “Last year, we reached an agreement with the Saudi Exchange and Indonesia Stock Exchange to allow companies in these countries to secondary list on our Stock Exchange. As they come to Hong Kong, they are able to access both international capital and capital from the Mainland under the Connect Schemes.”

The Financial Secretary pointed out that Saudi Arabia’s Vision 2030 has brought major reforms and opportunities, promoting capital investment from Asian markets.

“As a key component of Vision 2030, Saudi Arabia has embarked on the Saudi Green Initiative, with clear targets to increase the share of renewable energy, reduce carbon emissions, and enhance land and sea protection. This vision resonates with us well, and we stand ready to contribute,” Mr. Chan said.

With Hong Kong’s unique advantage of “one country, two systems”, Mr. Chan said the city enjoys convenient, and at times privileged, access to the Mainland market while retaining its distinctive features, including a common law system, a judiciary that exercises powers independently, free flow of capital, goods, information, and talent, a low and simple tax regime, and a currency pegged to the US dollar.

The first ETF in Saudi Arabia that invests in Hong Kong stocks is listed to create a win-win situation.
The first ETF in Saudi Arabia that invests in Hong Kong stocks is listed to create a win-win situation.

He also identified three key areas where Hong Kong has become the premier international financial centre connecting the Middle East with the Chinese market: as a deep and broad fund-raising market, asset and wealth management, and green and sustainable finance. These areas, Mr Chan said, provide diverse investment offerings for investors and enterprises in the Middle East, and providing financial support to regional economic development and green transformation.

“Clearly, Hong Kong is an ideal platform for Saudi and Middle Eastern green and sustainable projects looking to access funds in our part of the world,” Mr Chan said.

Hashtag: #hongkong #brandhongkong





The issuer is solely responsible for the content of this announcement.

Madar Saudi Arabia Recognized as One of the Best Places to Work for 2024


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 31 October 2024 – Madar is proud to announce its certification as a Best Places to Work for 2024, a recognition that highlights the company’s unwavering commitment to fostering an inclusive, collaborative, and innovative work environment. This certification is based on the feedback provided by employees and a comprehensive HR assessment.

This prestigious recognition underscores Madar’s dedication to building a workplace where flexibility and professionalism coexist, creating a thriving culture that supports both personal and organizational growth. Madar continues to stand out in the Saudi market by fostering a dynamic work environment where employees are empowered to excel and innovate.

In a statement, Saleh Al Farhan, CEO of Madar, shared his thoughts on the certification: “Madar’s true strength lies in its culture—a flexible, welcoming, and professional environment where collaboration thrives. Our team embodies a spirit of unity and innovation, making this recognition a testament to their dedication. We are fortunate to cultivate such an invaluable culture that drives our success.”

Madar looks forward to further enhancing its culture, ensuring that every employee feels valued and part of a united, forward-thinking team. This certification serves as a milestone in Madar’s journey of continuous improvement and excellence in the employee experience.

For more information about Madar, visit www.madar.app

For more information about the certification program, please visit www.bestplacestoworkfor.org.

LinkedIn: https://www.linkedin.com/company/best-places-to-work-program/
Twitter: http://www.twitter/bptw4
Facebook: https://www.facebook.com/bptw4all/
Hashtag: #BestPlacesToWork

The issuer is solely responsible for the content of this announcement.

Goodwill Entertainment Completes Registration to List on SGX Catalist Board

IPO Oversubscribed by 1.5x


SINGAPORE – Media OutReach Newswire – 31 October 2024 – Goodwill Entertainment Holding Limited (Goodwill Entertainment” or the “Company“, and together with its subsidiaries, the “Group“), a multi- entertainment concepts operator, registered its offer document today in connection with the proposed placement (the “IPO“) and listing of its ordinary shares in the capital of the Company on the Catalist Board (“Catalist“) of the Singapore Exchange Securities Trading Limited (“SGX-ST“).

The Placement, which comprises 60,000,000 placement shares (“Placement Shares“) at S$0.20 per share, was approximately 1.5 times oversubscribed. The trading of its shares is expected to commence on a “ready” basis at 9.00 a.m. on 15 November 2024.

Anchor investors for the IPO are Asdew Acquisition Pte Ltd, ICH Capital Pte. Ltd. and K-IX Capital Pte. Ltd. Evolve Capital Advisory Private Limited (“Evolve Capital“) is the Sponsor and Issue Manager for the IPO, while Evolve Capital and Haitong International Securities (Singapore) Pte Ltd are joint placement agents for the IPO.

Goodwill Entertainment is in the business of operating multi-entertainment concepts, comprising a network of family-friendly karaoke facilities with food and beverage (F&B) concepts, performance halls and dance clubs, under the brand names “HaveFun Family Karaoke”, “FATEbyhavefun” and “HaveFun Live Show”.

Evolve Capital’s Managing Partner and Chief Executive Officer, Mr Jerry Chua, commented: “Goodwill Entertainment’s IPO marks a transformative step for the Company to leverage evolving trends across Singapore and Southeast Asia’s entertainment industry. Their innovative multi-entertainment concept, combining family-friendly karaoke facilities with F&B offerings, performance halls, and dance clubs, is well-positioned to capitalise on the rising demand for quality, immersive entertainment in Singapore and across Southeast Asia. With rising disposable incomes and a cultural affinity for karaoke in the region, Goodwill’s expansion plans align well with market trends. We believe their innovative offerings and strategic growth initiatives present an attractive opportunity for investors looking to participate in the rapidly growing entertainment and F&B landscape across the region.”

Mr Vincent Toe, the CEO of ICH Capital Pte. Ltd., one of the anchor investors of the IPO, said: “We’ve invested in Goodwill Entertainment because they’ve identified and addressed a clear gap in the market – the need for quality family-friendly entertainment spaces that bring people together. What particularly impressed us was how they’ve successfully merged entertainment with superior food and beverage offerings, while creating a business platform that adds genuine value to partners who want to access the Singapore, and subsequently, Southeast Asian markets. Their approach is refreshingly practical yet innovative.”

Business Segments

The Group has two main business segments: karaoke lounges with multi-entertainment venues, and live show concepts. The first segment comprises 11 “HaveFun Family Karaoke” outlets across Singapore, offering variety of amenities including private cinemas, pool tables, dart machines, and various board and console games. Some outlets feature performance halls for live events. Additionally, the Group’s flagship outlet at Cineleisure Orchard houses “FATEbyhavefun”, their first dance club, enabling customers to enjoy a full night-out experience transitioning from karaoke to dancing.

The second segment showcases “HaveFun Live Show”, a collaborative multi-entertainment concept with Hezong group, providing up close live performances and state-of-the-art audiovisual equipment giving a full sensory experience to patrons and delivering a cinematic and immersive concert-like experience.

Market Outlook

Looking ahead, the Singapore market continues to show promise. A growing population and increasing monthly disposable incomes are fuelling domestic consumption, creating favourable conditions for the Group’s business to thrive and expand. In particular, Singapore’s population has registered a five-year compound annual growth rate (CAGR) of 1.0%, rising from 5.64 million in 2018 to 5.92 million in 20231, while average monthly household income has gained from S$10,099 in 2022 to S$10,869 in 20232. As a result, the Group believes in a sustained demand for afterhours entertainment and retail food services, positioning it well to capitalise on this burgeoning sector.

Use of Proceeds

With this in mind, the Group intends to use the IPO proceeds of approximately S$6.45 million as follows: (i) to grow its business regionally and globally; (ii) broaden its existing business verticals; (iii) for acquisitions, joint ventures and/or strategic partnerships; (iv) to invest in entertainment technologies, and (v) for general working capital requirements.

Business Strategy

To boost its entertainment business, Goodwill Entertainment will grow its footprint in Singapore by opening new outlets, particularly in key neighbourhood regions, with plans for a new outlet. It intends expand into the Southeast Asian region, starting with Malaysia. The Group is also exploring joint ventures and strategic alliances to create synergistic opportunities, as exemplified by the Bugis+ Joint Venture Outlet featuring the “HaveFun Live Show” concept.

Goodwill Entertainment’s Executive Chairman and CEO, Mr Flint Lu, remarked: “Goodwill Entertainment’s listing on SGX marks a pivotal moment for us as we prepare to embark on our next phase of growth. This IPO will enable us to accelerate our expansion plans, enhance our technological capabilities, and further integrate live events into our offerings. We’re excited to invite investors to join us as we continue to innovate and expand, capitalising on the cultural affinity for karaoke and the growing appetite for experiential entertainment across the region. Our goal is to strengthen our position in Singapore while strategically expanding our footprint across South East Asia, bringing our unique blend of entertainment to new markets and audiences.”

Goodwill Entertainment’s Vice Chairman and second-largest shareholder, Mr TJ Thang, who is also the Executive Chairman of SGX-listed Travelite Holdings Ltd, commented: “As a major shareholder, I fully support the company’s IPO plans. Goodwill Entertainment has successfully developed a network of entertainment venues where the blend of karaoke, live performances and quality dining consistently draws families and communities together. Our robust performance to-date shows we’ve got the formula right, and I’m confident about our growth prospects as we continue to meet accelerating demand for multi-faceted entertainment and integrated dining experiences.”

1 https://www.population.gov.sg/media-centre/articles/population-in-brief-2023-key-trends/
2 https://www.singstat.gov.sg/-/media/files/news/press07022024.ashx
Hashtag: #GoodwillEntertainment

The issuer is solely responsible for the content of this announcement.

About Goodwill Entertainment Holding Limited

Goodwill Entertainment was established in Singapore in 2016. It operates multi-entertainment concepts and is known for its dynamic range of offerings under the brands “HaveFun Family Karaoke”, “FATEbyhavefun” and “HaveFun LiveShow”. With roots in family-friendly karaoke, the Group has evolved to include a network of 11 karaoke outlets, the flagship “FATEbyhavefun” dance club at Cineleisure Orchard, and its innovative “HaveFun Live Show” in Bugis+ a live entertainment house with choreographed performances and live DJ acts, which deliver a cinematic and immersive concert-like experience.

Goodwill Entertainment’s venues cater to a broad demographic, offering diverse entertainment options across languages and genres, complete with unique F&B and interactive experiences. Known for quality sound and visual setups, as well as themed events, Goodwill Entertainment continues to reshape Singapore’s entertainment landscape, providing a versatile blend of social, family, and nightlife experiences.

For more information about Goodwill Entertainment, please visit:

IGC Continues to Promote Artificial Intelligence Strategic Transformation by “Technology Driven + Innovative Cooperation Model”


HONG KONG SAR – Media OutReach Newswire – 31 October 2024 – International Genius Company (“IGC“, stock code: 0033.HK) is pleased to release its annual report for the year ended 30 June 2024 (the “Year under Review“). During the Year under Review, IGC has been continuously promoting strategic transformation through two engines: “technology driven + innovative cooperation model”. IGC aims to become an artificial intelligence trading technology solution provider and has achieved remarkable milestones and progresses.

During the Year under Review, IGC combined advanced technology with market insights to redefine financial asset trading through artificial intelligence. IGC has enhanced its capabilities in artificial intelligence trading technology research and development (“R&D“) and product development operations by successful strategic acquisition of Deep Neural Computing Company Limited (“DNCC“) and hire of top-tier technology R&D experts and international financial trading talents. With innovative cooperation models, IGC has joined hands with well-known financial institutions, accelerating the large-scale commercialization of artificial intelligence-driven trading technology. Furthermore, IGC actively promotes sustainable development by optimizing corporate governance structures and actively participating in charity, achieving an upgrade in ESG ratings.

Strategic Transformation Driven by Successful Strategic Acquisition

On 22 March 2024, IGC completed the acquisition of DNCC, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. DNCC boasts a team of experts with years of experience in AI research development. It is an approved manager in the British Virgin Islands, which allows it to act as manager or advisor to investment funds, offering a range of services including technical support through cutting-edge technology, distributed neural network algorithms, and robust risk control modules. This acquisition has strengthened IGC’s capabilities in investment management, especially in the fields of artificial intelligence-driven investment strategies and quantitative trading.

With the completion of the acquisition of DNCC, IGC has successfully expanded its tech-driven investment management business, building an advanced, mature artificial intelligence trading technology system with neural networks and distributed computing as its core, and continuously exploring this market. So far, IGC has developed trading algorithms based on machine learning and deep learning, capable of offering clients customized, one-stop, scalable artificial intelligence trading technology solutions and has successfully commercialized them in currency and other international financial transactions, forming a strong competitive advantage in the global market.

The global AI-driven asset management industry is growing rapidly. The global algorithmic trading market is expected to reach US$42.99 billion by 2030, with a compound annual growth rate of 12.2%. Riding on the trend, with advanced artificial intelligence trading solutions, IGC will embrace a light future with high growth potential.

Top Talent Joins to Improve Innovation Capability

During the Year under Review, IGC has successfully invited top talents to join, with aim to enhance its capabilities in artificial intelligence R&D and international financial trading market. The experts bring strong momentum for IGC’s continuous technological innovation.

Dr. He Xiaobin, a renowned economist, serves as Executive Director & Chief Economist of IGC. With over 30 years of working experience in futures investment and corporate compliance, Dr. He has extensive financial knowledge and management experience. Before joining IGC, Dr. He served as the Director of the Futures Supervision Division of the Shanghai Securities Regulatory Bureau of the China Securities Regulatory Commission (中國證監會上海證監局期貨監管處處長), and the Deputy Director of the Resource and Energy Division of the Shanghai Municipal Planning Committee (上海市計劃委員會物資能源處副處長).

Dr. He also served as the Chairman of Guotai Junan Futures (國泰君安期貨), the Secretary to the Board of Directors of Guotai Junan Securities (國泰君安證券), the President of Guotai Junan Asset Management (國泰君安資產管理公司), the Chief Economist of Huaxin Securities (華鑫證券) and the Chairman of Huaxin Futures (華鑫期貨), Director of the China Chief Economist Forum (中國首席經濟學家論壇), a member of the Chief Economist Committee of the Securities Association of China (中國證券業協會) and Director of Shenergy Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600642). Dr. He is entitled to special allowance from the State Council of the People’s Republic of China and was selected as one of the top ten financial industry leaders in Shanghai.

Professor Yin Hongzhi, leading expert in data mining and analysis, serves as Chief Consultant of IGC. He is the Director of the Big Data Intelligence Lab at The University of Queensland, Australia (A top 50 global university) and was named to Field Leader of Data Mining & Analysis in The Australian’s Research 2020 magazine. He was also featured among AMiner Top 100 in Data Mining in 2022 and 2023 as well as ” Lifelong Scientific Impact List “, and “Annual Scientific Impact List” among the World’s Top 2% Scientists published by Stanford University in 2021 and 2022.

Dr. Guanhua Ye, a young scholar with a high profile in artificial intelligence, serves as the Chief Algorithm Researcher at DNCC. As the first author, he has published many high-impact papers in top-tier journals, with a cumulative impact factor of over 20.

Ms. Fong Man Julisa (“Ms. Fong“) was appointed as an independent non-executive Director on 24 July 2024. Ms. Fong has over 27 years of experience in corporate finance transactions, including mergers and acquisitions, initial public offerings and equity syndication. She has held senior management positions in a number of well-known financial institutions and has a deep understanding and insightful insights into the norms and development trends of the financial industry. She has excellent leadership skills in corporate strategy, risk management and corporate governance.

Innovative Cooperation Model with Well-known Institutions

In order to improve the overall investment experience and cooperation efficiency, IGC improves the cooperation model with clients. While authorizing artificial intelligence trading algorithms to clients, we jointly discuss investment strategies and fee structures, then customize product structures according to customer needs to provide high-quality trading products with advanced investment strategies at a low cost. The innovative cooperation model not only reduces risks and cooperation thresholds, significantly increasing clients’ trust and willingness to cooperate with IGC, but also provides clients with higher-quality services and diversified product offerings, maximizing the value for both parties.

On 17 June 2024, IGC entered into a memorandum of understanding (the “MOU“) with Saxo Capital Markets HK Limited (“Saxo HK“), a subsidiary of Saxo Bank, one of the world’s largest integrated trading platforms. The MOU aims to establish a framework for cooperation that encourages and facilitates bilateral technical collaboration on the issues of trading technology licensing and asset management cooperation, achieving a deep integration of artificial intelligence trading technology and financial business.

On 11 July 2024, DNCC, a wholly owned subsidiary of IGC, signed a Cooperation Framework Agreement with Confiprosper Fintech Limited (“CFL” and its affiliated partners, the “CFLs“), aimed at leveraging IGC’s expertise in algo-trading technology to enhance asset management services provided by CFLs.

The successful cooperation with renowned institutions marks the commercialization of IGC’s artificial intelligence trading technology, verifying its practical application value and market potential. IGC will carry out in-depth cooperation with more financial institutions to create value for clients and further promote the large-scale application of IGC’s artificial intelligence trading technology.

ESG Rating Upgrade with More Sustainable Development Efforts

During the Year under Review, Wind, a leading financial data, information, and software services Company in mainland China, released IGC’s latest ESG rating report, upgrading from BB to BBB with a score of 5.95 in governance (G), significantly better than the industry average of 5.32. IGC’s effort on ESG has been recognized by the market.

To achieve high-quality strategic transformation, IGC introduced senior management talents with diverse industry backgrounds. In July 2024, Ms. Fong, who has over 27 years of experience in corporate finance and transaction, was appointed as Independent Non-Executive Director of IGC to improve the company’s governance to a new level. At the same time, IGC continues to optimize its governance structure and build a framework to support sustainable development by improving information disclosure systems, strengthening risk management and other measures to ensure the company’s compliance, transparency and efficient operations.

While IGC continues to innovate and develop itself, it strives to give back to society. IGC actively participates in social welfare undertakings, demonstrating its social responsibility and commitment to convey positive values. IGC strongly supports youth growth education by the implement the ” Hundred Schools in Three Years”(「三年百校」) project launched in 2023 with Smile Charity Foundation. The project provides teaching supporting equipment and emergency assistance to schools in remote areas with the goal of creating equal and high-quality educational conditions.

Artificial Intelligence Trading Technology Solutions Provider

With the belief in “Technology Leads Trading Innovation”, IGC has achieved remarkable milestones during the Year under Review with successful transformation into an artificial intelligence trading technology solutions provider. IGC combined advanced technology with market insights to redefine financial asset trading through artificial intelligence. In the future, IGC will continue to leverage technology and innovation for growth, increase investment in artificial intelligence and related technologies, accelerate the iterative computation of artificial intelligence algorithms and their large-scale application in global financial trading, creating value for more clines, and further enhancing IGC’s competitiveness in the global market.
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About International Genius Company

The International Genius Company (IGC, stock code: 0033. HK) is a Chinese-led AI trading technology solution provider. With top AI R&D capabilities and quantitative trading experience, IGC strives to combine advanced technology with market insights, and is working to redefine financial asset trading through AI. Based on cutting-edge technologies such as neural networks and distributed computing and massive data analysis capabilities, IGC provides customized one-stop scalable AI trading technology solutions for investment institutions, asset management companies, family offices, etc.