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Chubb and Atome announce regional partnership to drive consumer protection across Southeast Asia


SINGAPORE – Media OutReach Newswire – 20 March 2024 – Chubb, a world leader in insurance, and Atome, one of Southeast Asia’s leading digital financial services platforms, today announced a regional partnership to help drive consumer protection across Southeast Asia. The partnership will enable both companies to co-create a range of insurance products available to Atome’s customers in Singapore, Malaysia, the Philippines and Indonesia.

Ben Howell, Regional Head of Consumer for Asia Pacific, Chubb and Bernard Chan, Chief Operating Officer, Atome
Ben Howell, Regional Head of Consumer for Asia Pacific, Chubb and Bernard Chan, Chief Operating Officer, Atome

The first insurance product, Bill Secure, is available in Singapore and will be rolled out in Malaysia later this month. Targeted at consumers using buy now, pay later services, Bill Secure covers up to five times the transaction amount of the purchase price in the event of permanent disability or accidental death. The claims payout enables the insured or their next-of-kin to settle the payment of the purchased item while the remaining balance goes to the insured or their estate.

Ben Howell, Regional Head of Consumer for Asia Pacific, Chubb, said, “Chubb is committed to broadening consumer protection by introducing relevant, convenient and affordable insurance solutions digitally that protect consumers and their livelihoods. With Atome, we are leveraging technology to enable individuals and their families in Southeast Asia to access essential protection, helping to narrow the insurance protection gap in Southeast Asia.”

Bernard Chan, Chief Operating Officer, Atome, said, “Atome started as a buy now, pay later and embedded financing platform. Today, we have grown to become a digital financial services platform that also includes insurance, cards and lending in various markets. Whether it’s embedded financing, or now embedded insurance, our goal is to empower our millions of users by offering tailored products as they journey through different life stages, leveraging our unique expertise in risk-managed credit and responsible financing. Our shared approach with Chubb is another example of our commitment to enhance the overall financial well-being of our customers, and our overall mission of increasing digital and financial inclusion through technology.”

Atome and Chubb will launch a second insurance product, Shopping Secure, in the second quarter of this year.

Hashtag: #Chubb

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

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: .

About Atome

is one of Southeast Asia’s leading digital financial services platforms. Started in late 2019, Atome has evolved from a buy now pay later and embedded financing platform into a comprehensive provider of digital financial services that includes insurance, cards and loans in various markets. Leveraging its unique expertise in risk-managed credit and responsible financing, Atome is committed to enhancing digital and financial inclusion through technology. Atome is part of Singapore-headquartered , an AI-driven technology company that consists of an ecosystem of AI-powered, credit-enabled products and services that includes consumer financing, digital identity verification and risk management, as well as enterprise resource planning software.

Global marketing platform Flat Ads attends GDC2024/MAU, empowering global developers’ business growth


SAN FRANCISCO, CALIFORNIA – Media OutReach Newswire – 20 March 2024 – Flat Ads, founded in 2019, is a leading global mobile advertising and marketing platform. From March 18th to 22nd, the largest and most influential event in the global gaming industry, the Game Developers Conference (GDC) 2024, will officially kick off at the Moscone Convention Center in San Francisco, USA. Flat Ads will participate as an exhibitor at the GDC conference and showcase the latest technologies and services at Booth S1658. This includes efficient advertising strategies, precise traffic analysis, and innovative monetization models, among others. Flat Ads is looking forward to exploring new opportunities for traffic monetization with global gaming elites and helping developers maximize their commercial value.

Global marketing platform Flat Ads attends GDC2024/MUA, empowering global developers' business growth

Besides, Flat Ads will also attend Mobile Apps Unlocked (MAU) Vegas 2024 from April 2nd to 4th, a gathering of global mobile app developers, held at the MGM Grand Hotel in Las Vegas, USA. During the event, Flat Ads will showcase the all-in-one global marketing and app monetization solutions at Booth 319 in MAU Vegas 2024. Flat Ads welcome mobile app developers from around the world to join us and explore the possibilities.

Flat Ads will have multiple executives leading the team at both of these events. They sincerely invite game developers from around the world to visit the Flat Ads booth and engage in face-to-face discussions to share ideas and requirements.

Hashtag: #FlatAds


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

First Phosphate Drills 9.44% P2O5 Over 89.10 m at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada


SAGUENAY, QUEBEC – Newsfile Corp. – 19 March 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce initial assay results from the first 3,394 m of its 25,000 m drill program at its Bégin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec. In total 10,000 m of drilling have been completed to date. Assay results are awaited on 6,606 m and will be released over the coming weeks as they become available.

Highlights:

  • Phosphate Mountain Zone: 9 drill holes have been completed to date in the Phosphate Mountain Zone, ones which have intersected high apatite-bearing peridotite visually containing from 30% to 80% apatite over widths of up to 43 m.
  • Northern Zone: Drill hole BL-24-25 intersected 9.89% P2O5 (phosphate) over 42.80 m starting at a depth of 74.20. Drill hole BL-24-26 intersected 9.44% P2O5 over 89.10 m starting at a depth of 6.90 m.
  • Northwestern Zone: Drill holes BL-24-49 and BL-24-54 intersected 20 m and 40 m of peridotite, respectively visually containing 30% apatite.
  • Southern Zone: Drill hole BL-24-24 intersected 5.22% P2O5 over 129.60 m starting at a depth of 61.30 m. Drill hole BL-24-35 intersected a new higher-grade layer of 7.82% P2O5 over 22.40 m starting at a depth of 165.10 m.

“We are impressed by the high-grade nature and volume of the phosphate layers being defined at Bégin-Lamarche,” said First Phosphate CEO, John Passalacqua. “Bégin-Lamarche is showing increased open-pit surface feasibility in an area of developed infrastructure with direct paved-road access to the deep-sea port of Saguenay at only 70 km away.”

Apatite versus Phosphate

Apatite is very common as an accessory mineral in igneous and metamorphic rocks where it is the most common phosphate mineral form to be found. Occurrences are usually found as small grains which are often visible only in thin sections. The chemical formula of apatite is Ca5(PO4)3(F,Cl,OH). The molecular weight of the phosphate molecule (PO4) in apatite is 41.8%. Apatite is also found in clastic sedimentary rock as grains eroded out of the source rock over time. Phosphorite is a phosphate-rich sedimentary rock containing as much as 80% apatite which is present as cryptocrystalline masses. Economic quantities of apatite are also sometimes found in nepheline syenite or in carbonatites. Apatite was recently added to the Critical and Strategic Minerals List of Quebec, Canada. The European Union, South Korea, and the Provinces of Ontario and Newfoundland-Labrador are other jurisdictions that recognize phosphate as a critical and strategic mineral.

Phosphate Mountain Zone

A total of 9 drill holes have been completed to date in the Phosphate Mountain Zone and have intersected high apatite-bearing peridotite visually containing from 30% to 80% apatite over widths of up to 43 m. Hole BL-24-53 intersected 70% apatite over a length of 1.0 m (See Figure 1).

Multiple semi-massive apatite veins have been intersected across the 9 drill holes where the background apatite content is 30-35% These results compare well in terms of the apatite content discovered in this zone during last fall’s surface sample prospection program where more than 50% of surface samples returned results of above 10% P2O5. These 9 drill holes have been prioritized for assay analysis and their data should be available in the coming weeks.

Figure 1 -70% Apatite Concentration Visible Over 1.0 m in Drill Hole BL-24-53

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/202160_ad6a7d2054bf5a55_001full.jpg

Northern Zone

Expanded drilling in the Northern Zone has confirmed grades and widths that were originally identified during the initial 2023 drilling program. In addition, the 3 drill holes BL-24-25, BL-24-26 and BL-24-31 have intersected high grade phosphate layers, grading 9.89% P2O5 over 42.80 m from a depth of 74.20 m; 9.44% P2O5 over 89.10 m from a depth of 6.90 m; and 10.47% P2O5 over 48.05 m from a depth of 4.85 m. These results indicate that there are one or more high grade phosphate layers that outcrop on surface and which may be important starting points for an eventual open-pit mining operation.

Drill hole BL-24-23 intersected 7.02% P2O5 over 154.1 m from a depth of 21.0 m and could be interpreted to represent a phosphate layer drilled along dip. If so, this result could be indicative of the average grade for this layer and to be confirmed as the drilling campaign progresses. Results for the Northern Zone are shown in Table 1 below.

Table 1 – Drill Results for the Northern Zone

Hole_ID From (m) To (m) Length1 (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-24-22 10.55 47.65 37.10 5.82 4.41 23.88
96.00 117.00 21.00 4.36 3.17 18.60
156.00 174.00 18.00 3.06 2.99 18.88
195.00 259.50 64.50 5.80 2.94 21.04
BL-24-232 21.00 175.10 154.10 7.02 4.40 27.34
188.30 194.00 5.70 12.49 6.30 35.91
BL-24-25 74.20 117.00 42.80 9.89 3.54 28.65
BL-24-26 6.90 96.00 89.10 9.44 3.92 27.59
BL-24-272 6.60 13.40 7.80 9.43 6.12 36.18
138.00 189.00 51.00 4.41 3.05 20.62
242.55 258.00 15.45 7.80 3.73 25.56
BL-24-29 99.00 276.00 177.00 4.46 3.63 22.85
including 99.00 138.00 39.00 4.04 2.65 20.26
including 150.00 165.00 15.00 2.95 3.57 21.26
including 174.00 195.00 21.00 5.75 4.79 30.21
including 205.80 276.00 70.20 6.06 3.90 25.01
BL-24-31 4.85 52.90 48.05 10.47 4.97 30.13
66.00 90.00 24.00 4.55 2.33 13.03
119.85 213.80 93.95 7.16 3.49 18.76
including 195.00 213.80 18.80 12.29 5.39 31.76
BL-24-32 37.05 39.80 2.75 11.46 5.60 30.99
44.00 48.00 4.00 10.39 5.24 26.86
55.50 58.35 2.85 5.08 2.23 17.25
63.70 70.00 6.30 15.31 4.04 33.51
94.00 110.70 16.70 9.51 3.90 24.84
159.00 228.00 69.00 5.51 3.82 24.60
including 159.00 181.10 22.10 8.38 5.23 33.27
BL-24-34 9.00 24.00 15.00 2.92 2.33 19.39
93.00 192.00 99.00 6.34 2.74 20.09
including 93.00 135.00 42.00 5.27 3.14 20.45
including 144.00 192.00 48.00 8.27 2.86 22.96

1 Lengths are measured along the core. True widths are estimated to be between 50% and 80% of the core interval.l

2These holes have been seemingly drilled parallel to the phosphate layer (potentially along dip)

Northwestern Zone

Two drill holes completed to date in the Northwestern Zone have intersected 30-35% visual apatite. Similarly to the Mountain Zone, visual inspection confirms the apatite content discovered in this zone during last fall’s surface sample prospection program. These 2 drill holes have been prioritized for assay analysis and their data should be available in the coming weeks.

Southern Zone

Results from the Southern Zone confirm those from the initial 2023 drill program and include further intersects of over 100 m of phosphate mineralization. Drill holes BL-24-24 and BL-24-33 intersected 5.22% P2O5 over 129.60 m from a depth of 61.6 m and 5.00% P2O5 over 106.20 m from a depth of 3.8 m. Preliminary interpretation of the results suggests a tabular and horizontal body of phosphate mineralization with a thickness of over 100 m and grading approximatively 5.0% P2O5.

Drill hole BL-24-35 intersected two higher grade phosphate layers located below the tabular body mentioned above. This drill hole intersected 7.82% P2O5 over 22.40 m and 6.25% P2O5 over 41.20 m. Preliminary interpretation indicates that these two layers may connect with the high-grade phosphate layers discovered in drill holes from the already completed 2023 drill campaign. For example, drill hole BL-23-16 returned 7.60% P2O5 over 28.7 m and 9.99% P2O5 over 34.5 m. Drill hole BL-23-16 is located 300 m to the southwest of current drill hole BL-24-35. Infill drilling is currently underway in the area between these two drills holes to confirm if connectivity exists between these two layers. Currently available drill results for the Southern Zone are presented in Table 2 below. Drill results from the initial already completed 2023 drill campaign can be found in Table 4 below.

Table 2 – Drill Results for the Southern Zone

Hole_ID From (m) To (m) Length1 (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-24-24 61.30 190.90 129.60 5.22 3.63 22.32
230.00 249.20 19.20 5.12 3.38 24.85
284.70 310.40 25.70 3.73 2.74 17.17
BL-24-28 56.10 65.10 9.00 4.91 3.80 23.32
73.25 152.20 78.95 5.48 4.07 24.68
203.00 214.00 11.00 2.87 3.63 19.37
231.00 244.10 13.10 4.50 2.54 18.42
273.00 285.00 12.00 3.07 2.04 14.88
BL-24-30 33.00 78.65 45.65 4.28 2.97 19.83
239.00 250.00 11.00 4.12 3.19 21.06
BL-24-33 3.80 110.00 106.20 5.00 3.70 21.19
126.00 145.50 19.45 5.80 3.33 17.07
BL-24-35 12.00 44.00 32.00 3.79 3.58 24.52
108.20 140.60 32.40 5.03 3.28 30.46
165.10 187.50 22.40 7.82 4.44 30.57
196.40 201.70 5.30 5.52 2.55 5.36
212.50 253.70 41.20 6.25 3.44 19.55

1 Lengths are measured along the core. True width is estimated to be between 60 and 90% of the core interval

Table 3 – Parameters for the Current Drill Holes Being Released

Hole_ID Easting Northing Azimuth Dip Depth Zone
BL-24-22 326743 5403399 330 -45 270 Northern
BL-24-23 326743 5403399 150 -45 207 Northern
BL-24-24 325784 5402454 125 -45 324 Southern
BL-24-25 326719 5403448 330 -45 200 Northern
BL-24-26 326698 5403481 330 -45 150 Northern
BL-24-27 326698 5403481 150 -50 264 Northern
BL-24-28 325784 5402454 125 -60 312 Southern
BL-24-29 326617 5403433 150 -45 327 Northern
BL-24-30 325771 5402585 125 -45 255 Southern
BL-24-31 326675 5403328 150 -45 222 Northern
BL-24-32 326728 5403215 330 -45 228 Northern
BL-24-33 325892 5402372 125 -45 174 Southern
BL-24-34 326645 5403381 330 -45 207 Northern
BL-24-35 325951 5402332 125 -45 255 Southern

Table 4 – Existing Drill Results from the 2023 Drill Campaign for the Northern and the Southern Zones

Table 4a – 2023 Drill Results for the Northern Zone from the 2023 Drill Campaign

Hole_ID From (m) To (m) Length (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-23-01 131.9 215.4 83.5 7.82 4.16 27.13
BL-23-02 143.7 201.0 57.3 8.35 3.38 23.68
BL-23-03 13.8 78.0 64.2 8.43 4.37 28.17
BL-23-03 143.0 201.0 58.0 3.94 3.03 19.58
BL-23-04 4.8 76.7 71.9 4.28 2.78 15.29
BL-23-05 105.1 222.0 116.9 4.45 2.90 21.16
BL-23-06 7.3 66.8 59.5 6.55 4.41 27.72
BL-23-06 201.0 295.3 94.3 6.10 3.70 25.55
BL-23-07 53.5 156.0 102.5 3.65 3.42 19.11
BL-23-08 62.6 94.1 31.5 5.89 2.73 14.93
BL-23-09 39.0 91.75 52.8 4.45 3.11 20.13
BL-23-10 74.15 159.0 84.9 4.57 2.65 17.63
BL-23-10 252.2 311.0 58.8 7.14 3.30 24.05
BL-23-18 55.9 141.5 85.6 8.75 4.18 28.82
BL-23-19 197.4 308.2 110.8 7.02 3.30 25.46
BL-23-20 56.2 102.3 46.1 4.48 2.73 19.65
BL-23-21 122.8 255.0 132.2 6.75 3.94 24.37

Table 4b – Results for the Southern Zone from the 2023 Drill Campaign

Hole_ID From (m) To (m) Length (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-23-11 24.1 36.3 12.2 4.81 0.32 10.15
BL-23-12 53.1 182.3 129.2 4.83 2.95 18.39
BL-23-13 139.6 225.0 85.4 4.08 2.58 13.39
BL-23-14 18.0 151.5 133.5 5.00 4.15 27.17
BL-23-15 50.0 183.7 133.7 4.52 3.40 20.05
BL-23-16 36.1 64.8 28.7 7.60 3.88 22.09
BL-23-16 97.0 131.5 34.5 9.99 5.50 29.83
BL-23-17 13.0 79.0 66.0 2.59 2.15 12.84

Figure 2 – Drilling Progress at Bégin-Lamarche

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/202160_ad6a7d2054bf5a55_002full.jpg

Quality Assurance / Quality Control

The sampling of, and assay data from, the drill core is monitored through the Company’s implementation of a quality assurance – quality control (QA-QC) program designed to the CIM Mineral Exploration Best Practices Guidelines.

A formal chain-of-custody procedure was adopted for security of samples until their delivery at the laboratory. Drill core (NQ size) is logged and samples are selected by Laurentia Exploration Inc. geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from 0.5 to 3 metres in length depending on the geological observations. A blank and a standard are inserted at the beginning of each sample batch, usually one complete hole, and a blank and a standard are then inserted alternatively each 10 samples. Half-core samples are packaged and sent by ground transportation in sealed rice bags to an independent laboratory, Activation Laboratories Ltd. of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579). The core samples are crushed up to 80% passing 2mm (10 mesh), riffle split 250 g and pulverized (mild steel) to 95% passing -200 mesh. Each sample is analyzed for whole rock analysis (code 4B) for 10 major oxides and 7 trace elements by lithium metaborate/tetraborate fusion of 3g of material and analyze by ICP-OES. The laboratory has its own QA/QC protocols.

Qualified Person

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

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, at full ESG standard 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.

For additional information, please contact:

Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

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

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

-30-

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, statements relating to the Company’s planned exploration activities, including its drill target strategy and next steps for the Bégin-Lamarche Property; and the Company’s interpretations and expectations about the results on the Bégin-Lamarche Property.

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; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; 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; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; 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 securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. 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.

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

About First Phosphate Corp.

Moomoo’s Latest Paper Trade Competition Reveals Top 3 Most Popular Stocks among Traders


TORONTO, CANADA – Media OutReach Newswire – 19 March 2024 – World’s leading investment and trading platform moomoo has recently concluded its highly anticipated Paper Trading Competition – 2024 New Year Session, showcasing a surge in participant engagement and heightened interest in technology sector investments. With an impressive turnout of 2,140 contestants, the competition demonstrated a notable preference for technology stocks among investors.

Moomoo has launched its Paper Trade Function to offer experiential trading opportunities to users, allowing them to practice trading without risking real money and enhancing their trading skills and strategies. During the one-month competition period from 19th January to 18th February 2024, participants were equipped with USD 100,000 in virtual capital to trade U.S. stocks, aiming to refine their strategies and maximize returns in a risk-free environment. The winner achieved a 50.27% rate-of-return (ROR), while second and third places reached RORs of 43.67% and 31.91% respectively. On average, each contestant traded 10.8 times over the one-month competition period, with an investment amount of USD 32,500.

The top 3 most traded stocks are Tesla (36.4%), NVIDIA (21.6%) and Microsoft (13.0%), which collectively dominated trading activity, reflecting investors’ active participation and keen focus on the technology sector.

This round of competition has awarded a total of 174 contestants:

Achievements based on ROR # of Winners Cash Credits Rewarded
20% + 19 $100
10-20% 29 $20
5-10% 44 $10
2-5% 82 $5

Moomoo invites traders of all levels to participate in its upcoming Paper Trading Competition, scheduled from 15 March to 14 April. Seize the chance to elevate your trading journey, embrace innovation, and showcase your expertise in the ever-evolving world of finance.
Hashtag: #Moomoo

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

About moomoo

Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. It provides users with the necessary information and technology to make more informed investment decisions. Investors have access to advanced charting tools, technical analytics, and Level 2 Data.

Moomoo grows with its users, cultivating a community where investors share, learn, and grow together in one place. Moomoo provides free access to investment courses, educational materials, and interactive events that any investor, at any level, can gain from. Users can join forum discussions, trending topics, and seminars to gain more investment knowledge and insights.

The moomoo app is offered by Moomoo Technologies Inc. a company that is based in Palo Alto, California. The app is used globally in countries including Singapore, Australia, Japan, Malaysia, and Canada. Moomoo’s parent company, Futu Holdings Limited, is Nasdaq Listed. It is a global strategic collaborator with the New York Stock Exchange (NYSE). Moomoo is not just your investment platform. It is your investment journey.

For more information, please contact

Kaplan Singapore and Aston University Forge Landmark Partnership to Offer Doctorate and Other Postgraduate Degrees

Partnership also sees Aston Business School making its debut in Singapore

SINGAPORE – Media OutReach Newswire – 19 March 2024 – Kaplan Singapore1 (Kaplan) has today announced Aston University from the United Kingdom as its newest university partner. The partnership will see an exciting array of in-demand Postgraduate Degree programmes, including Doctor of Business Administration and a suite of Master of Science programmes being offered to students in Singapore by the last quarter of 2024. The collaboration also marks a historic milestone for Aston Business School as it establishes its first-ever presence in Singapore and Kaplan as its choice partner.

Professor Aleks Subic, Vice-Chancellor and Chief Executive of Aston University explained the University’s strategic decision, “Under the Aston 2030 Strategy, we are creating a worldwide network of hubs by forming strategic alliances. It’s with great pride that we inaugurate our partnership with Kaplan in Singapore, setting it up as one of our key educational hubs in Asia. This signifies the beginning of a strategic collaboration that holds vast possibilities for global cooperation, encompassing business and industry engagement, as well as workforce development in crucial growth sectors within this significant global area.”

In response, Dr Susie Khoo, President of Kaplan Singapore added, “Kaplan Singapore is thrilled to embark on this momentous and transformative journey with Aston University, a highly reputable university ranked 25th in the UK2 and 106th in the world for Business and Management studies3 with Triple-Crown Accreditation4 for its Aston Business School. More importantly, the programmes to be offered are aligned to the current and future knowledge needs of the evolving workforce landscape as identified by the SkillsFuture Singapore’s Skills Demand for the Future Economy report5. This helps ensure that our students will be well-equipped and future-ready to thrive in the ever-changing environment.”

Programmes to be Offered
The programmes to be offered by Aston University in partnership with Kaplan Singapore are designed to cater to those who wish to advance their career or deepen their expertise in various fields and include the following:
  • Doctor of Business Administration
  • Master of Science Digital Marketing and Strategy
  • Master of Science Engineering Business Management
  • Master of Science Strategic Business Analytics
  • Master of Science Strategic Financial Management
  • Master of Science Strategic Supply Chain Management
Partnership Agreement Signing Ceremony
To commemorate the historic partnership launch between Kaplan Singapore and Aston University, a signing ceremony was held which saw Dr Susie Khoo, President of Kaplan Singapore, and Professor Zoe Radnor, Pro Vice-Chancellor and Executive Dean for the College of Business and Social Sciences, Aston University sealing the partnership agreement.

Grants & Programme Application
To celebrate the launch of the partnership as well as the new programme offerings, an inaugural intake grant of S$5,000 for the Doctor of Business Administration and S$3,000 for the Master of Science programmes will be offered to eligible applicants. Applications for the Doctor of Business Administration and Master of Science programmes are now open. Interested applicants can visit https://kaplan.com.sg/aston for more information.

Footnotes
1. Any reference to the term “Kaplan Singapore” is used to collectively describe the Kaplan entities in Singapore, Kaplan Higher Education Academy and Kaplan Higher Education Institute.
2. The Guardian Best UK Universities 2024
3. QS World University Ranking by Subject 2023
4. Triple-Crown Accreditation – AACSB (US), AMBA (UK) & EQUIS (Europe)
5. Skills Demand for Future Report 2023/2024

Hashtag: #KaplanSingapore #KaplanTheChoice #OpenToKaplan #AstonUniversity #AstonAtKaplan #LifelongLearning #IntegratedLearning #IndustryRelevant #Doctorate #Business #Masters #Science #Postgraduate #Degree





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

About Kaplan Singapore

Kaplan Singapore is part of Kaplan Inc., one of the world’s most diverse education providers. To date, Kaplan Singapore has students from over 35 countries and regions, and has served more than 100,000 graduates. With over 450 academic and professional certification programme options for higher learning and skills development, Kaplan provides opportunities for individuals to pursue lifelong learning. Find out more about Kaplan Singapore at

About Kaplan

Kaplan, Inc. is a global educational services company that helps individuals and institutions advance their goals in an ever-changing world. Our broad portfolio of solutions help students and professionals further their education and careers, universities and educational institutions attract and support students, and businesses maximize employee recruitment, retainment, and development. Stanley Kaplan founded our company in 1938 with a mission to expand educational opportunities for students of all backgrounds. Today, our thousands of employees working in 27 countries continue Stanley’s mission as they serve about 1.2 million students and professionals, 15,000 corporate clients, and 3,300 schools, school districts, colleges, and universities worldwide. Kaplan is a subsidiary of the Graham Holdings Company (NYSE: GHC). Learn more at

About Aston University

For over a century, Aston University’s enduring purpose has been to make our world a better place through education, research and innovation, by enabling our students to succeed in work and life, and by supporting our communities to thrive economically, socially and culturally.

Aston University’s history has been intertwined with the history of Birmingham in the UK, a remarkable city that once was the heartland of the Industrial Revolution and the manufacturing powerhouse of the world.

Born out of the First Industrial Revolution, Aston University has a proud and distinct heritage dating back to our formation as the School of Metallurgy in 1875, the first UK College of Technology in 1951, gaining university status by Royal Charter in 1966, and becoming The Guardian University of the Year in 2020.

Building on our outstanding past, we are now defining our place and role in the Fourth Industrial Revolution (and beyond) within a rapidly changing world.

Tongcheng Travel Achieves Record High Results in 2023 Revenue Reaches RMB11.9 Billion Final Dividend of HK15 Cents Per Share

Continues to Penetrate Non-first-tier Cities in PRC and Taps into International Market Offers Diverse Travel Experiences to Develop Into New Generation National Travel Platform


HONG KONG SAR – Media OutReach Newswire – 19 March 2024 – Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its audited consolidated results for the year ended 31 December 2023 (the “period under review” or “2023”).

2023 Results Highlights with Year-on-year (yoy) Change

Robust Financial Growth with Revenues Reaching New Highs

  • Revenue increased by 80.7% yoy to RMB11.9 billion, representing a 60.9% increase compared to 2019.
  • Adjusted EBITDA increased yoy by 117.4% to RMB3.12 billion; adjusted EBITDA margin increased by 4.5 percentage points to 26.3%. Adjusted EBITDA increased by 54.8% compared to 2019.
  • Adjusted net profit increased by 240.3% to RMB2.2 billion; adjusted net margin increased by 8.7 percentage points to 18.5%. Adjusted net profit increased by 42.4% compared to 2019.
  • The Board recommended payment of a final dividend of HK15 cents per share.

Committed to Penetrating Non-first-tier Markets

  • Average monthly paying users for 2023 rose by 39.1% to 41.3 million.
  • Annual paying users grew by 25.2% to a historic high of 234.7 million.
  • 72.7% of new paying users on the Weixin platform were from non-first-tier cities.
  • Registered users residing in non-first-tier cities accounted for 86.9% of the total registered users.

Major Businesses Recorded Strong Demand Rebound, Surpassing the Levels in 2019

  • Transportation ticketing services revenue rose by 78.5% to RMB6.03 billion, representing a 33.5% increase compared 2019.
  • Accommodation reservation services revenue rose by 61.5% to RMB3.90 billion, representing a 65.4% increase compared to 2019.
  • Revenue from others* increased by 148.6% to RMB1,996.7 million, representing a 280.3% increase compared to 2019.

* Revenue from others mainly includes revenues generated from (i) tourism services; (ii) advertising services; (iii) hotel management services; (iv) corporate travel services and (v) ancillary value-added user services.

In 2023, Tongcheng Travel capitalized on growth opportunities and outperformed the market with remarkable results. The Group’s total revenue amounted to RMB 11.90 billion. Adjusted net profit reached RMB2.20 billion, representing a significant yoy increase of 240.3%, with an adjusted net profit margin of 18.5%. In 2023, the Group’s average monthly paying users rose by 39.1% to 41.3 million and the annual paying users grew by 25.5% to 234.7 million. Gross merchandise volume achieved a record high and increased by 96.8% yoy to RMB241.5 billion.

Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, “China’s tourism industry achieved exceptional recovery momentum in 2023, which is set to continue into 2024. The Group’s revenue recorded robust growth to a record high in the year under review, surpassing the same period in 2019. The Group will continue to penetrate the domestic market to gain more market shares. Significant progress has been achieved in our hotel management and packaged tour businesses which will pave the way to a second growth trajectory. Furthermore, the resumption of international market development will bring new opportunities for business expansion going forward.”

Developing into a New Generation National Travel Platform to Propel APUs to New High

To expand its traffic sources, the Group continued to pursue various channels in both online and offline scenarios such as maintaining stable and effective traffic within the WeChat Mini Program and deepening strategic cooperation with Tencent. The Group explored various scenarios within the Tencent ecosystem to expand the user reach and made consistent efforts to refine the operations to enhance user acquisition efficiency. To attract young users, the Group collaborated with Tencent Games and launched e-Sports activities. It also optimized the entry point interfaces on QQ Browser and Weixin Search platform to deliver better user experience.

The Group also increased efforts in operating its mini-program on Alipay and explored the potential of the ecosystem. Moreover, it continued the partnership with a prominent handset vendor, offering its users convenient and reliable services for transportation ticketing and accommodation reservations. Simultaneously, the Group persisted in developing offline user acquisition channels. Throughout 2023, the Group was dedicated to crafting marketing strategies with creativity. It initiated a variety of innovative marketing campaigns, such as e-sports games, open-door marketplace and music festivals, to strengthen bonding with younger users.

As the coverage of service scenarios expands and users’ trust level increases, Tongcheng Travel has gradually grown into the “New Generation National Travel Platform”. During the period under review, the Group’s average monthly paying users for 2023 increased by 39.1% yoy to 41.3 million, representing a 53.5% increase compared to 2019. Annual paying users increased by 25.2% year-to-year to a historic high 234.7 million, representing a 54.0% increase compared to 2019.

Core Businesses Delivered Solid Growth while Other Businesses Expanded Rapidly

The Group’s revenue from transportation ticketing services increased by 78.5% yoy to RMB6.03 billion in the period under review, mainly driven by the strong rebound in demand for transportation ticketing services. For the fourth quarter of 2023, the group’s air ticket volume increased by over 16% compared to the same period of 2019, far exceeding the overall industry performance. The Group’s train ticketing business experienced a revenue growth that outpaced the increase in business volume, due to the strategic shifts to monetization enhancement. Moreover, Tongcheng Travel capitalized on the opportunities arising from the surge in local and short-haul travel demand and enhanced the operations of its bus and car-hailing businesses.

The Group’s accommodation business exhibited robust growth in both business volume and revenue. During the period under review, the revenue from the accommodation business increased by 61.5% yoy to RMB3.90 billion. In 2023Q4, the domestic room nights sold registered more than 70% growth compared with the same period of 2019 and the international room nights sold had fully recovered to the level in 2019.

Besides, the Group is committed to achieving business diversification. Others business includes tourism services, advertising services, hotel management services, corporate travel services and ancillary value-added user services. Revenue from other businesses increased by 148.6% yoy to RMB1.97 billion, representing a 280.3% increase compared to 2019. The proportion of other businesses revenue segments in total revenue has continued to increase, rising by 9.5 percentage points from 7% in 2019 to 16.5% in 2023. The increase in other revenue is mainly attributed to the Group’s further development of its tourism services, advertising services, and hotel management services.

Integrating Intelligent Travel with Sustainable Development to Shape the Future of the Tourism Industry

To ensure a gratifying experience for users, the Group has improved the intelligent Huixing system, which offers customized travel solutions according to their preferences. For customer services, the Group has persistently applied Artificial Intelligence Generated Content (AIGC) to improve efficiency and quality. In 2023Q4, the Group signed a strategic agreement with Chengdu Shuangliu Airport, aiming to collaborate in establishing the airport as a regional transit hub. Tongcheng Travel also partnered with Changbai Mountain to develop an intelligent tourist service platform that consolidates local tourism information. Additionally, the Group has built a comprehensive portfolio of PMS brands to offer Software-as-a-Service (SaaS) solutions to more individual and chain hotels as well as alternative accommodation to enhance their daily operation efficiency.

Tongcheng Tavel intensifies efforts to improve its ESG performance and has attained remarkable results. The Group’s MSCI ESG rating received AA rating for the second consecutive year in 2023 and was successfully included in The Sustainability Yearbook (China) 2023 by S&P Global. As a socially responsible enterprise, Tongcheng Travel is committed to supporting the sustainable development of the travel industry. The Group continued its contribution to the rural revitalization through projects such as the “Lindu Warm Village”. It has also launched a training program on digital operation and marketing of rural tourism for tourism professionals to foster the growth of the rural economy. Moreover, the Group is focused on the well-being of the community it serves. It cooperated with various hotels in China throughout the year, initiated a hotel alliance “Tongcheng Shelter”, to offer complimentary supplies and resting areas to users under diverse scenarios, such as during the college admission exam season and in response to extreme weather conditions in China.

China’s travel industry has obtained astonshingt recovery momentum, driven by diversified travel demand. This trend will continue into 2024. Looking ahead, the Group will continue to leverage its competitive strengths, including its solid market position, diverse traffic sources and advanced technological capabilities. The Group will focus on enhancing user loyalty and value, while broadening the user base. The Group will intensify efforts to enrich and refine products and services, thereby enhancing the user experience. In addition, the Group is committed to leveraging technology to transition from an OTA to an ITA. It will actively seek investment opportunities in line with its strategic objectives to foster future growth. It will integrate corporate governance, environmental protection and social responsibility into its operations and create long-term sustainable value for stakeholders.
Hashtag: #TongchengTravel

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

About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)

Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

THXNET. Announce Strategic Partnership With Coinweb To Accelerate Blockchain Adoption For Web2 Enterprise.


TOKYO, JAPAN – Media OutReach Newswire – 19 March 2024 – THXNET., Japan’s premier Web3 enabler and a leading Web3aaS Plug & Play Blockchain Network ecosystem innovator, is excited to announce its strategic partnership with Coinweb, a distinguished layer 2 interoperability platform. This collaboration signifies a transformative leap in the development of Web3 ecosystems, leveraging THXNET.’s innovative Web3 solutions alongside Coinweb’s powerful infrastructure. To support this integration, Coinweb Labs has extended its expertise, emphasizing the shared goal of enhancing interoperability and scalability across the blockchain sector.

Thxnet

The partnership introduces an array of advanced functionalities from Coinweb, such as Cross-Chain Token Issuance, Cross-Chain Routing, Optimized Load Balancing over multiple Layer 1 blockchains, Access to an Enhanced Wallet Library, Tailored Reactive Cross-Chain Smart Contracts, Gas Fee Abstraction and cost-savings through batching of transactions, and cross-chain transfers through Coinweb’s PACT. These features promise to provide businesses and Web3 initiatives with unparalleled agility and operational efficiency.

“We are absolutely thrilled to partner with Coinweb, a seasoned and reputable enterprise in the blockchain industry. This collaboration represents a significant stride towards our shared vision of fostering innovation and scalability within the Web3 space.” Said Aro Kondo, Co-Founder and CEO of THXNET.

“We are excited to announce our integration with THXNET.,” stated Toby Gilbert, CEO of Coinweb. “This partnership represents a significant milestone in our journey to drive interoperability and scalability within the blockchain industry. By combining Coinweb’s advanced infrastructure with THXNET’.s innovative Web3 solutions, we will be able to speed up the creation of a much more advanced ecosystem of Web2 businesses converting to Web3.”

THXNET. boasts a proven track record of success, highlighted by the launch of its Layer 0 & Layer 1 Mainnet, the creation of over 136,000 unique wallets, the execution of 1.34 million transactions, partnerships with top-tier entities like Urawa Reds football club for NFT launches on its platform, and collaborations with more than 20 other partners. This demonstrates THXNET.’s capacity to drive the shift from Web2 to Web3.

This integration marks a pivotal moment for the Web3 community, fostering a spirit of collaboration and innovation among global users. The partnership will also encompass joint marketing campaigns, leveraging THXNET.’s strong community engagement and Coinweb’s technological advancements.

Hashtag: #THXNET #COINWEB

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

About THXNET.

THXNET. is at the forefront of the Web3-as-a-Service (Web3aaS) Plug & Play Blockchain Infrastructure, aspiring to be Japan’s leading Web3 ecosystem enabler. Specializing in seamless integration and cutting-edge solutions, THXNET. enables projects and enterprises to easily adopt blockchain technology, offering rapid deployment of dedicated Layer 1 blockchains and other Web3 services, facilitating cost reduction, scalability, and maximum security, even for developers new to blockchain. Visit:

About Coinweb

Coinweb stands as a leading layer 2 interoperability platform, transforming the cross-chain capabilities within the blockchain industry. Its innovative Layer 2 protocol enables seamless interactions between decentralized applications across various blockchains, enhancing interoperability and scalability within the Web3 ecosystem.

Visit:

About Coinweb Labs

Coinweb Labs is dedicated to designing and developing customized solutions for decentralized applications that interact with the Coinweb Protocol. With a focus on innovation and collaboration, Coinweb Labs aims to accelerate the growth of projects in the Coinweb ecosystem, driving forward the advancement of blockchain technology.

Visit:

Freshippo’s Global Go Business More Than Doubles GMV

Retailer to adds new drivers to boost global product choice


HONG KONG SAR – Media OutReach Newswire – 19 March 2024 – Freshippo, Alibaba Group’s digital intelligence-powered new retail company, has announced that its Global Go business has recorded year-on-year GMV growth of over 100%. Global Go provides consumers in China with value-for-money import products, sourced at origin through Freshippo’s global supply chain network. To continue to grow its global shopping business, Freshippo will launch Global Go Offline Experience Zones in 66 existing stores, launch its first private brand for healthy living, and improve its product traceability system.

During its recent participation at ALIEXPO, which had the theme of Engaging Natural Beauty of Australia, in Sydney this year, Freshippo continued to integrate its global supply chain and seek direct strategic partnerships at origin. Major retailers, online platforms, and independent retail stores in Australia all showed interest in the innovative recipes and product designs of Freshippo’s own-brand products.

Melody Jia, General Manager of International Business at Freshippo said, “By sourcing goods directly from global origins and establishing direct partnerships with upstream suppliers, we are able to provide consumers with reliable and high-quality products while enhancing Freshippo’s price competitiveness. For consumers, the rich shopping experiences and interaction with professional shopping advisors available in our offline stores will help them gain a personal understanding of the new brands. For overseas brands, Global Go provides a platform where they can target high-quality consumers, thereby facilitating more precise and efficient sales conversions. By pioneering a new model for cross-border shopping, Freshippo Global Go creates a win-win situation for all.”

In addition, to the Global Go Experience counters in 66 Freshippo stores, Freshippo will continue to expand its Freshippo Supermarkets this year. Shopping advisors will be available at Global Go Offline Experience Zone to provide consumers with professional advice and personalized recommendations.

Freshippo also plans to launch its first Global Go brand specializing in healthy living in the second half of this year. The product will range from healthcare products to children’s nutrition and more, bringing health and nutritional products that are more suitable for Chinese customers. The brand will directly collaborate with reputable companies, factories, raw material suppliers, and patent holders to bring high-quality products with competitive prices to Chinese consumers in a safe and reliable manner.

Freshippo will further strengthen the traceability of its Global Go products. Earlier this year, Freshippo Global Go established a comprehensive cross-border beauty product origin-tracing system to regularly invite credible third-party authentication institutions worldwide to authenticate the products in Freshippo’s bonded warehouse, ensuring that consumers can purchase with peace of mind.

In terms of product categories, beauty and health products will be the focus for this year. Australian health supplements, natural foods, baby products, and pharmaceuticals will be one of the key areas. The market for organic and natural powders as well as mood-relieving health products in Australia is also growing rapidly. In addition, Freshippo will collaborate with international duty-free groups, and globally renowned manufacturers. Through direct-at-source procurement, strategic partnerships will be established with leading international companies to discover global high-quality products for consumers.
Hashtag: #Freshippo #newretail #technology #alibaba #supermarket #global

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

Freshippo

Freshippo is Alibaba Group’s digital intelligence-powered new retail company. Headquartered in Shanghai, Freshippo operates more than 360 stores across 28 cities in mainland China.