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Happy5 Acquires Singaporean Startup SugarOKR To Accelerate Global Expansion


SINGAPORE – Media Outreach Newswire – 10 September 2024 – In a strategic move to bolster its global presence, Indonesia-based enterprise performance management software startup Happy5 has announced it is acquiring Singapore-based startup SugarOKR for an undisclosed sum. This acquisition marks a significant milestone in Happy5’s growth strategy, positioning the company for expansion into new international markets, including the United States.

The Happy5 team
The Happy5 team

This acquisition of SugarOKR, a renowned player in the Objectives and Key Results (OKR) tracking software space, underscores Happy5’s commitment to providing comprehensive solutions that cater to the evolving needs of modern businesses. With this acquisition, Happy5 aims to leverage SugarOKR’s cutting-edge OKR tool and expertise to accelerate its expansion into new territories and embark on its next phase of growth.

One of the most immediate benefits of Happy5 acquiring SugarOKR is the former’s entry into the highly competitive US market. SugarOKR’s established presence in the region, along with its reputation for delivering robust OKR solutions, will provide Happy5 with a solid foundation for expansion.

Mr Timothy Kua, Founder and CEO of SugarOKR, had this to say about the acquisition, “Happy5 has achieved a strong product market fit and is profitable with over US$1 million in annual recurring revenue. The firm wants to expand overseas, starting with the US, the most mature SaaS market with a high adoption rate. SugarOKR’s customer base, of which 20% are based in the US, offers the company the perfect lead-in to this brand-new market.”.

“Our priority is on expanding into the US market. Timothy brings his vast experience and skill set in building and scaling businesses of all sizes. With him leading the charge, coupled with the SugarOKR platform, which already has a strong global presence, Happy5 will have the much-needed boost to our global expansion efforts,” enthused Mr Doni Priliandi, Founder and CEO of Happy5.

In addition to geographical expansion, the acquisition will significantly enhance Happy5’s product capabilities. SugarOKR’s advanced OKR tracking software will complement Happy5’s existing suite of employee performance management software solutions, allowing companies to align their workforce around clear, measurable goals while maintaining a strong focus on employee well-being. This comprehensive offering will be a game-changer for businesses looking to drive both individual and organisational performance.

Future Outlook For Happy5 And SugarOKR

Looking ahead to the future for Happy5 and SugarOKR, there are currently no plans to integrate SugarOKR’s technology and team into the existing operations of Happy5. Instead, SugarOKR will continue operating as a standalone goal management software company. However, Happy5 plans to use SugarOKR’s website as a lead magnet to convert existing SugarOKR customers to Happy5’s platform, allowing them to benefit from the latter’s more robust platform.

In addition, following the acquisition of SugarOKR, Happy5 plans to expand globally even more rapidly while maintaining a focus on the US market by Q4 2024. It also targets to close 20 US customers by Q2 2025 and raise between US$3 to US$5 million by Q2 2025. Talks are already ongoing with various venture capitalists (VCs) to raise funding for the global expansion.

“Our key goal is to secure a VC based in the US as part of the mix. The SugarOKR acquisition, with Timothy Kua on board, will give VCs more confidence with a stronger leadership team and a leg-up from the SugarOKR platform,” added Mr Doni Priliandi.
Hashtag: #OKRtrackingsoftware #employeeperformancemanagementsoftware

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

About Happy5

Happy5 is a leading provider of enterprise performance management solutions that empower organisations to level up their workforce. Their suite of products in a single unified platform includes goal management (OKRs/KPIs), project management (tasks/initiatives), and performance management (360 reviews). For more information about the company and its enterprise performance management tool, please visit .

YUP, the “Nubank” from Southeast Asia, Secured US$30 Million in Series B Funding, Which Marks the Largest Equity Fundraising for the Fintech Sector in SEA This Year


HONG KONG SAR – Media OutReach Newswire – 10 September 2024 – YUP, the credit payment platform established by Singaporean startup Finture, has successfully raised US$30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will support market expansion in Southeast Asia and preparation for acquiring a banking license in Indonesia.

Finture’s flagship product, YUP, serves working-class users with stable incomes in Indonesia.
Finture’s flagship product, YUP, serves working-class users with stable incomes in Indonesia.

Finture is a Singapore-based fintech company with offices in Shanghai, Singapore, and Jakarta. Established in 2021, Finture operates its digital bank and credit payment business in Southeast Asia. Its flagship product, YUP, serves working-class users with stable incomes in Indonesia. The platform has partnered with over 40 million merchants nationwide, serving millions of users and processing tens of millions of transactions. YUP is projected to reach US$1 billion in transaction volume by 2024 and has already received over US$77 million in equity funding from investors, including the Sampoerna family, Sky9 Capital, BitRock Capital, etc.

Expanding Credit Card Access in Indonesia

YUP targets 80 million working-class individuals in Indonesia with stable incomes and regular social securities. Donny Zhang, Co-founder and CEO of Finture, stated, “While Southeast Asia’s fintech sector is experiencing rapid growth, personal payment solutions have lagged behind. Many individuals still lack access to basic credit card services offered by traditional banks. In Indonesia, where the credit card penetration rate stands at just 2%, we firmly believe that every consumer with a stable income deserves access to a credit card.”

Digital payments now account for over 50% of transactions in Southeast Asia, with a total gross transaction value (GTV) of US$959 billion in 2023[1]. YUP’s credit card services, including both physical and virtual cards, are well-positioned to meet this demand. As the only tech firm in Indonesia to sign a strategic partnership with VISA, YUP has secured Indonesia’s highest-level payment license (E-Money), lending license, and fintech innovation licenses. The company is now planning to invest in Indonesian banking license.

All-in-One Service Platform Collaborating with Top Merchants

In addition to credit card services, YUP is collaborating with leading global and Indonesian merchants to introduce the “Lifestyle in Your Pocket” concept to Southeast Asia. The platform integrates lifestyle, consumption, and financial services, covering various daily spending scenarios. YUP’s merchant partners include Indonesia’s largest retail group MAP (operating brands such as Starbucks, Nike, Adidas, Zara, Sephora, Boss, CK, etc.), VISA, KFC, Korean cinema chain CGV, Indonesia’s leading convenience store chains Indomaret and Alfamart, Haagen-Dazs, British Petroleum, Indonesia’s largest taxi platform Bluebird, Family Mart, and others.

YUP’s founding team brings extensive experience from top financial institutions and companies such as Bank of America, China Merchants Bank, Bank of Communications, Discovery, and Ant Group. Co-founder and CEO Donny Zhang transitioned from management consulting at Accenture to fintech, becoming a venture capitalist and entrepreneur with nearly a decade of experience in the Southeast Asia fintech sector. Co-founder Matt Zou, a specialist in personal credit management, has worked at the Bank of Communications’ credit card center and ANZ Bank’s credit card operations across Indonesia, Thailand, and the Philippines. He also served as Chief Risk Officer at Advance.ai and co-founded Atome, a leading BNPL brand in Southeast Asia.

Doubling Its Valuation and Future Expansion

Despite a slowdown in the Asian funding landscape, with total venture capital investment falling to US$14.6 billion in Q2 2024—a 56% decline from the same period in 2022 and a 32% decrease year-over-year[2]—YUP has secured US$30 million in equity investment, and its valuation has doubled. Gavin Guo, CFO of Finture, highlighted three key points that made YUP stand out from its peers. First, YUP’s business model has a clear trajectory of future growth, similar to players in other emerging markets, such as Brazil’s Nubank. Secondly, YUP’s deep expertise in Southeast Asia, with all senior management and over 80% of employees based in Jakarta, gives it a strong local presence. Thirdly, YUP’s solid business and financial performance have been crucial in the current challenging market. “Companies need to excel to justify their valuations in challenging times. We’ve consistently seen positive unit economics and strong customer lifetime value (LTV) over the past three years,” said Guo.

YUP plans to extend its innovative financial products to Hong Kong, Vietnam, and the Philippines. The company will open a new office in Hong Kong to oversee capital market activities and recruit R&D talents, with the possibility of relocating its headquarters from Singapore to Hong Kong in the future. YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia’s leading digital banking service platform with plans for a U.S. IPO in the next 3 to 5 years.

[1] Google, Temasek, and Bain & Company, “e-Conomy SEA 2023” report: https://www.bain.com/insights/e-conomy-sea-2023/
[2] CrunchBase Q2 2024 Asia Startup Funding Report: https://news.crunchbase.com/ai/asia-venture-42dot-hozon-zepto-china/
Hashtag: #Finture #YUP


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

Finture

Finture is a Singapore-based fintech company that has offices in Shanghai, Singapore, and Jakarta. Established in 2021, Finture operates its digital bank and credit payment business in Southeast Asia. Finture believes everyone is eligible to have the access to easy, convenient, and affordable financial products. Cooperated with local financial institutions and fintech companies, Finture has achieved exponential growth since launching its first product YUP, which now has become one of the most popular consumer finance APPs in Indonesia, and the number of new credit card issuances has already exceeded that of the largest local bank.

Official Website:

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

HONG KONG SAR – Media OutReach Newswire – 9 September 2024 – The Hong Kong Jockey Club Charities Trust convened its fourth Philanthropy for Better Cities (PBC) Forum 2024 at West Kowloon Cultural District today (9 September). It ushered in Hong Kong Philanthropy Week, in keeping with the HKSAR Government’s mission to promote the city as an international philanthropy hub.

HKSAR Government Chief Secretary for Administration Chan Kwok-ki (front row, centre), Club Chairman Michael Lee (front row, 6th left), Club Deputy Chairman Martin Liao (front row, 5th left), Club Stewards, Club CEO Winfried Engelbrecht-Bresges (front row, 6th right) and Club management pose for a group photo at the opening ceremony of the Philanthropy for Better Cities Forum 2024.
HKSAR Government Chief Secretary for Administration Chan Kwok-ki (front row, centre), Club Chairman Michael Lee (front row, 6th left), Club Deputy Chairman Martin Liao (front row, 5th left), Club Stewards, Club CEO Winfried Engelbrecht-Bresges (front row, 6th right) and Club management pose for a group photo at the opening ceremony of the Philanthropy for Better Cities Forum 2024.

The two-day PBC Forum provides a platform for foundations, thought-leaders, policymakers, non-governmental organisations and experts from around the world to convene, engage in dialogue and share transformative ideas on translating philanthropic action into tangible, sustainable impact. Under an overarching theme of “Delivering Impactful Philanthropy in the Real World”, the forum features keynote speeches and panel discussions. It brings together nearly 100 eminent speakers and more than 2,000 delegates from 40 countries and regions including representatives of over 200 local, regional and global foundations.

The Club’s Charities Trust convened the forum in association with the Institute of Philanthropy (IoP), a charitable organisation launched by the Club and its Trust at the opening of the third PBC Forum in September 2023.

Through a video address at the forum, HKSAR Chief Executive John Lee said, “This forum is testament to Hong Kong’s commitment to philanthropy. It is proudly presented by The Hong Kong Jockey Club and its Charities Trust, a long-standing leader in championing our philanthropic endeavours.” He added, “The HKSAR Government is committed to Hong Kong’s rise as a global centre for philanthropy. That goal was formalised in our Policy Statement on Developing Family Office Businesses in Hong Kong. Our vision is to provide philanthropists with the tools they need to manage their wealth, while channelling their resources into social initiatives that create tangible impact. We are determined to realise Hong Kong as a go-to destination for global family offices passionate about making a difference.”

Officiating at the opening ceremony of this year’s forum was HKSAR Government Chief Secretary for Administration Chan Kwok-ki, the Club’s Chairman Michael Lee and Club CEO Winfried Engelbrecht-Bresges.

In his welcome speech at the opening ceremony, the Club’s Chairman said, “In Asia – home to the most populous nations and fastest-developing economies – we are experiencing rapid growth in philanthropic giving commensurate with the region’s rising prosperity through development. However, Asian philanthropy requires properly contextualised models and solutions to account for varied political, economic and cultural contexts that are different from established, largely Western models. Unlocking its full potential will be crucial in addressing shared social and environmental challenges most effectively.”

Leading foundations participating in this year’s PBC Forum include the Bill & Melinda Gates Foundation, China Soong Ching Ling Foundation, Nippon Foundation, Rockefeller Foundation, Tanoto Foundation, Temasek Foundation, Tencent Charity Foundation and the Wellcome Trust.

Julia Gillard – Chair of the Wellcome Trust, Chair of the Global Institute for Women’s Leadership and former Prime Minister of Australia – delivered today’s opening keynote entitled: “East is East and West is West: how does philanthropy differ and how can we best work together?”

Professor Michael Spence – 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus of the Stanford Business School and Senior Fellow, Hoover Institution of Stanford University – delivered the second keynote entitled: “The economics of giving: what makes us give? What stops us from giving more?”

Additionally at the forum, representatives from the Department of Health of the HKSAR Government, the Club and IoP witnessed the signing of a Memorandum of Collaboration between the Chinese Center for Disease Control and Prevention and three local universities to strengthen capacity for monitoring and responding to epidemics in the Greater Bay Area. The local institutes are the Hong Kong Jockey Club Global Health Institute at the University of Hong Kong, the Jockey Club School of Public Health and Primary Care at the Chinese University of Hong Kong and the Jockey Club College of Veterinary Medicine and Life Science at the City University of Hong Kong. The memorandum follows the “One Health” approach which the Club has long supported including through the establishment of these university institutes.

This year the forum programme spans five days. It began with a welcome luncheon at the opening of Hong Kong’s 2024/25 horseracing season on 8 September, followed by the two- day forum. The Foundations Circle and additional side-events will be convened by IoP on 11 and 12 September. In addition, the Hong Kong Academy for Wealth Legacy will also host a three-day summit from 12-14 September, rounding out Hong Kong Philanthropy Week.

The Club’s support for the PBC Forum, like all of its charity and community initiatives, is made possible by its unique integrated business model through which racing and wagering generate tax contributions, charity support and employment opportunities for the community.

Photo Captions

HKSAR Chief Executive John Lee delivers a video address at the opening ceremony of the Philanthropy for Better Cities Forum 2024.
HKSAR Chief Executive John Lee delivers a video address at the opening ceremony of the Philanthropy for Better Cities Forum 2024.

Club Chairman Michael Lee delivers a speech at the opening ceremony of the Philanthropy for Better Cities Forum 2024.
Club Chairman Michael Lee delivers a speech at the opening ceremony of the Philanthropy for Better Cities Forum 2024.

The Memorandum of Collaboration was signed by Li Qun, Deputy Director General, Chinese Center for Disease Control and Prevention (front row, 2nd right); Prof Chak-sing Lau, Dean of Medicine, The University of Hong Kong (front row, 2nd left); Prof Philip Chiu Wai-yan, Dean of Medicine, The Chinese University of Hong Kong (front row, 1st right); and Prof Vanessa Barrs, Dean, Jockey Club College of Veterinary Medicine and Life Sciences, City University of Hong Kong (front row, 1st left). The signing ceremony was witnessed by Michael Lee, Chairman of The Hong Kong Jockey Club (back row, 2nd right); Lester Huang, Chairman of IoP and Steward of The Hong Kong Jockey Club (back row, 1st left); Winfried Engelbrecht- Bresges, CEO of The Hong Kong Jockey Club and Director of IoP (back row, 1st right); and Dr Ronald Lam, Director of Health, HKSAR Government (back row, 2nd left).
The Memorandum of Collaboration was signed by Li Qun, Deputy Director General, Chinese Center for Disease Control and Prevention (front row, 2nd right); Prof Chak-sing Lau, Dean of Medicine, The University of Hong Kong (front row, 2nd left); Prof Philip Chiu Wai-yan, Dean of Medicine, The Chinese University of Hong Kong (front row, 1st right); and Prof Vanessa Barrs, Dean, Jockey Club College of Veterinary Medicine and Life Sciences, City University of Hong Kong (front row, 1st left). The signing ceremony was witnessed by Michael Lee, Chairman of The Hong Kong Jockey Club (back row, 2nd right); Lester Huang, Chairman of IoP and Steward of The Hong Kong Jockey Club (back row, 1st left); Winfried Engelbrecht- Bresges, CEO of The Hong Kong Jockey Club and Director of IoP (back row, 1st right); and Dr Ronald Lam, Director of Health, HKSAR Government (back row, 2nd left).

Moderated by Laura M. Cha, Trustee of the Rockefeller Foundation, Former Chairman of Hong Kong Exchanges and Clearing Ltd (left), Julia Gillard, Chair of the Wellcome Trust, Chair of the Global Institute for Women’s Leadership and former Prime Minister of Australia, (right) delivered the opening keynote: “East is East and West is West: how does philanthropy differ and how can we best work together?”
Moderated by Laura M. Cha, Trustee of the Rockefeller Foundation, Former Chairman of Hong Kong Exchanges and Clearing Ltd (left), Julia Gillard, Chair of the Wellcome Trust, Chair of the Global Institute for Women’s Leadership and former Prime Minister of Australia, (right) delivered the opening keynote: “East is East and West is West: how does philanthropy differ and how can we best work together?”

The second plenary session entitled “Innovations for a Healthier Global South: What is the role of philanthropy in supporting global health research and interventions?” was moderated by Professor Margaret Chan, Founding Dean of the Vanke School of Public Health, Tsinghua University, and Emeritus Director General of World Health Organization (1st right). It featured Rebecca F. Grais, Executive Director of the Pasteur Network (1st left); Ilona Kickbusch, Director of Digital Health Transformations LAB, University of Geneva, Chair and Founder of the Global Health Center Geneva at the Graduate Institute Geneva and Co-chair of the Council of the World Health Summit (2nd left); Professor Peter Piot, Professor of Global Health, London School of Hygiene & Tropical Medicine, Special Advisor to European Commission President von der Leyen on European and Global Health Security (3rd left); Naveen Rao, Senior Vice-President of the Health Initiative at the Rockefeller Foundation (3rd right); and Carsten Schicker, Chief Executive Officer of the World Health Summit (2nd right).
The second plenary session entitled “Innovations for a Healthier Global South: What is the role of philanthropy in supporting global health research and interventions?” was moderated by Professor Margaret Chan, Founding Dean of the Vanke School of Public Health, Tsinghua University, and Emeritus Director General of World Health Organization (1st right). It featured Rebecca F. Grais, Executive Director of the Pasteur Network (1st left); Ilona Kickbusch, Director of Digital Health Transformations LAB, University of Geneva, Chair and Founder of the Global Health Center Geneva at the Graduate Institute Geneva and Co-chair of the Council of the World Health Summit (2nd left); Professor Peter Piot, Professor of Global Health, London School of Hygiene & Tropical Medicine, Special Advisor to European Commission President von der Leyen on European and Global Health Security (3rd left); Naveen Rao, Senior Vice-President of the Health Initiative at the Rockefeller Foundation (3rd right); and Carsten Schicker, Chief Executive Officer of the World Health Summit (2nd right).

Delivering the second keynote entitled “The Economics of Giving: What makes us give? What stops us from giving more?” was Professor Michael Spence, 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus of the Stanford Business School and Senior Fellow, Hoover Institution of Stanford University (left). The moderator was Professor Stephen Cheung, Voting Member of The Hong Kong Jockey Club, Vice-Chairman of CMB Wing Lung Bank and Former President of the Education University of Hong Kong (right).
Delivering the second keynote entitled “The Economics of Giving: What makes us give? What stops us from giving more?” was Professor Michael Spence, 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus of the Stanford Business School and Senior Fellow, Hoover Institution of Stanford University (left). The moderator was Professor Stephen Cheung, Voting Member of The Hong Kong Jockey Club, Vice-Chairman of CMB Wing Lung Bank and Former President of the Education University of Hong Kong (right).

Photos can be downloaded from the website of The Hong Kong Jockey Club (www.hkjc.com/english/corporate/corp_news.asp).
Hashtag: #HongKongJockeyClubCharitiesTrust

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

The Hong Kong Jockey Club

Founded in 1884, The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charities and community contribution. Through this model, the Club generates economic and social value for the community and supports the HKSAR Government in combatting illegal gambling. In 2023/24, the Club returned a total of HK$40.1 billion to the community. This included HK$29.9 billion to the HKSAR Government in duty, profits tax and Lotteries Fund contributions and HK$10.2 billion in approved charity donations. The Club is Hong Kong’s largest single taxpayer and one of the city’s major employers. Its Charities Trust is one of the world’s leading charity donors. Please visit .

Institute of Philanthropy

The Institute of Philanthropy was established in September 2023 through a strategic seed grant of HK$6.8 billion (US$870 million) from The Hong Kong Jockey Club and its Charities Trust. Established as an independent “think-fund-do” tank for China and Asia, IoP is dedicated to promoting philanthropic thought leadership and enhancing sector capabilities at local, regional and global levels in collaboration with fellow funders. It seeks to provide an Asia-based platform bringing global stakeholders together to promote the betterment of societies everywhere.

AstraZeneca Recognized as the First Company in Egypt to Achieve the Best Place to Work for Working Parents Certification


CAIRO, EGYPT – Media OutReach Newswire – 9 September 2024 – AstraZeneca Egypt has recently been awarded the prestigious Best Place to Work for Working Parents certification highlighting its unwavering commitment to supporting employees with families and creating a workplace environment that is conducive to both professional success and personal well-being.

The “Best Places to Work for Working Parents” certification is an accolade given to companies that demonstrate exceptional support for working parents. It assesses factors like family-friendly benefits, work-life balance, flexible work arrangements, and parental leave policies. Companies that achieve this certification gain a competitive edge by attracting top talent, enhancing their reputation, and promoting a diverse and inclusive workforce.

In a statement, Hatem El-Werdany, Country President of AstraZeneca Egypt, expressed his pride: “We are immensely proud to receive the Best Place to Work certification for the sixth consecutive year. This recognition highlights our dedication to creating a supportive environment where our employees can thrive. We firmly believe in fostering a sense of belonging and inclusion, where every individual feels empowered to reach their full potential and contribute meaningfully to the Company’s success.”

Heba Elshabrawy, Human Resources Director of AstraZeneca Egypt, added: ” We’re proud that 95% of our employees consider AstraZeneca a great place to work for parents. Being a Great Place to Work is a commitment to our people, reflecting our priority to support our employees’ well-being, focusing on creating a workplace that excels in various factors such as culture, learning, development, leadership, and talent management. This recognition serves as a powerful validation of our efforts to cultivate a truly inspiring work environment where our people grow personally and professionally.”

AstraZeneca Egypt has also achieved the standard Best Place to Work certification for a couple of years along with the Best Place to Work for Females and Millennials certification demonstrating year after year its dedication to fostering a diverse and inclusive workplace and its commitment to the growth and well-being of its employees.
Hashtag: #BestPlacesToWork

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

Gorilla Technology and Lanner Electronics Inc. Announce Joint Venture to Manufacture Gorilla’s Next Generation Security Convergence Appliances in Thailand


London, United Kingdom – Newsfile Corp. – September 9, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), today announced a ground-breaking joint venture agreement with Lanner Electronics, set to manufacture Gorilla’s Next Generation Security Convergence appliances in Thailand.

The joint venture between Lanner and Gorilla, following their recent MOU, represents a significant enhancement within Lanner’s existing facility in Thailand. This development introduces a new line of Artificial Intelligence (AI)-enabled cybersecurity products, tailored to meet the growing needs of global organizations. With a focus on localization, Gorilla aims to strengthen its regional presence while addressing diverse customer demands globally.

Gorilla CEO & Chairman, Jay Chandan and Senior Sales Manager of Lanner, Jackie Wang

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/222427_4b3f4944d4a1fb57_001full.jpg

The new product line will feature three distinct SKUs- entry-level, mid-range, and high-performance models catering to various customer segments. This initiative will enable both companies to lead in delivering next-generation Customer Premise Equipment (CPE) and innovative appliances, enhancing production efficiency, quality, and scalability, and reinforcing their commitment to driving technological advancements on a global scale.

Gorilla & key members of the manufacturing facility in Thailand

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/222427_4b3f4944d4a1fb57_002full.jpg

“This venture embodies our shared vision of excellence, innovation, and a commitment to driving technological advancement on a global scale. We’re proud and excited to join forces with Lanner, who we’ve already forged a strategic partnership with to develop AI-enabled cybersecurity products in MENA (Middle East and North Africa),” said Jay Chandan, CEO & Chairman of Gorilla Technology.

“Partnering with Gorilla Technology allows us to merge our strengths and deliver cutting-edge solutions that meet the evolving needs of the market. We are excited to contribute our manufacturing expertise to this venture and look forward to pushing the boundaries of what is possible in network appliances and CPE,” said Jackie Wang, Senior Sales Manager at Lanner.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

About Lanner Inc.

Founded in 1986, Lanner Electronics Inc. has established itself as a global leader in the design and manufacturing of advanced network appliances and rugged industrial computers. Headquartered in Taipei, Taiwan, with offices worldwide, Lanner is at the forefront of developing integrated hardware solutions for a variety of market sectors, including network security, virtualization, cloud computing, and industrial automation.

At Lanner, we are driven by innovation, quality, and an unwavering commitment to customer satisfaction. Our extensive product line ranges from embedded motherboards and network appliances to data storage and security devices, all engineered with precision to meet the highest standards of reliability and performance.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, our expectations to swing to profit in the quarters ahead, Gorilla’s strategic shift to enable it to pursue larger projects with better revenue visibility, Gorilla’s largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

Official Launch: WikiFX SkyLine Guide Sets a New Paradigm for Forex Information Services


BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2024 – Under the close attention of global forex traders and the Thai financial industry, the first WikiFX SkyLine Guide – forex brokers selection guide – has been officially announced. WikiFX SkyLine Guide focuses specifically on the Thai market, inviting 100 local senior experts to form a judging panel, leveraging WikiFX‘s years of experience and vast database of broker information. With its professional, neutral, and comprehensive selection criteria, it presents an authoritative and trustworthy list of Thai brokers for Thai and global investors, creating the “Michelin Guide” in the foreign exchange industry.

After layers of screening and rigorous evaluation, 25 outstanding brokers including TMGM, Interstellar, FXTM, XM, STARTRADER, Axi, FP Markets, and VT Markets stood out and successfully entered the first Thailand guide. These outstanding players have not only set industry benchmarks in core areas such as trading platform stability, customer service experience, and fund security, but also demonstrated extraordinary strength in technological innovation and compliance management, winning widespread recognition and praise from the market. Click here to access the complete WikiFX SkyLine Guide.

The forex markets of different countries have varying degrees of uniqueness and complexity, and investors need more professional localized information services, crossing geographical boundaries, and gaining insight into global market dynamics in order to make more informed decisions. For investors in Thailand and around the world, WikiFX SkyLine Guide provides a valuable reference material to help them make wiser choices in the complex market. At the same time, the existence of this project also reminds all brokers that only by continuously improving their own strength and service quality can they stand invincible in the fierce market competition.

WikiFX boasts the world’s largest broker database, serving over 21 million users in more than 180 countries and regions, having dedicated itself over the years to providing investors with comprehensive, accurate, and timely information on brokers and industry insights. The official release of the inaugural WikiFX SkyLine Guide underscores the platform’s commitment to professionalism, neutrality, and innovation, marking a pioneering effort within the realm of foreign exchange information services. As such, it is anticipated that the launch will spur the emergence of more outstanding brokers, fostering collaboration to propel the prosperity and growth of the foreign exchange market, while jointly enhancing the security of the trading environment.

Hashtag: #WikiFX #SkyLine

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

Gen.K Jewelry®: Celebrating 10 Years of Elegance and Heritage


SINGAPORE – Media Outreach Newswire – 9 September 2024 – This year, Gen.K Jewelry® marks a significant milestone, celebrating a decade of crafting timeless elegance. Founded by the sisters Genevie and Kayde Yeo, the brand has made a notable impact on Singapore’s luxury market with its modern reinterpretations of traditional jade jewelry.

Gold Capsule: Luisa Collection
Gold Capsule: Luisa Collection

As Gen.K Jewelry® commemorates its 10th anniversary, the brand reflects on its journey, celebrates its achievements, and unveils its exciting plans for the future.

A Decade of Craftsmanship and Dedication
According to founder Genevie Yeo, Gen.K Jewelry® began as a passion project, inspired by the jewelry-making skills she learned from her sister, Kayde. She initially pursued this craft alongside her full-time job, showcasing her creations at local events. Her designs soon garnered attention, and with growing interest, the brand “Gen.K Jewelry®” was officially established.

The brand has seen exponential growth over the years, from the opening of its first physical store in a shared shophouse in Seah Street to a full shopfront at Pacific Plaza. Today, Gen.K Jewelry®’s flagship store at Capitol Singapore spans three full-sized unit spaces, a testament to its growing success. The brand has also garnered significant local recognition, appearing in prominent publications like Lianhe Zaobao, The Straits Times, and Channel News Asia.

Sustainable Sparkle: The Lab Dazzle Series
Gen.K Jewelry® has consistently pushed the boundaries of jade jewelry with innovative collections that resonate with modern tastes. The Lab Dazzle series is a prime example of this approach, a collection that features lab-grown diamonds — a recent development in the jewelry industry that delivers the same brilliance and quality as mined diamonds with a smaller environmental footprint.

Gen.K Jewelry®’s designs have long celebrated natural beauty, often incorporating floral and leafy motifs that resonate with customers. With the Lab Dazzle series, the brand not only honors these cherished aesthetic elements but also embraces a more sustainable and ethical future.

Genevie notes, “It’s a celebration of beauty, nature, and our ongoing commitment to creating jewelry that is as responsible as it is radiant.”

Unveiling the Gold Capsule Collection
Customers can also look forward to the Gold Capsule Collection, a series marking the celebration of Gen.K Jewelry®’s 10th anniversary. Starting September 1st, 2024, this collection will be introduced in phases throughout the year, with the potential for further extensions into 2025 and beyond.

Defined by its curvaceous and edgy aesthetics, the Gold Capsule Collection is inspired by the refined sophistication of Italian jewelry. “We wanted to create a collection that embodies these qualities while also appealing to the modern woman,” Genevie explains.

Each piece is crafted from gold and diamonds and includes a unique mechanism that allows the wearer to add or remove jade elements. This design provides versatility, enabling customers to adjust their jewelry to suit both everyday wear and special occasions.

Rebirth: A New Era for Gen.K Jewelry®
As Gen.K Jewelry® celebrates a decade of growth, it is setting its sights on future growth and new opportunities. Plans are in place to expand the product range to better appeal to the millennial market and to strengthen its presence on traditional and social media platforms. Looking ahead, the brand anticipates significant changes in 2025 as it embarks on a new phase referred to as “Chapter 2.”

Genevie acknowledges that reaching this milestone has been a team effort, with a dedicated group collaborating, adapting, and contributing ideas to drive the brand forward. This teamwork, along with a focus on innovative design and customer service, has been crucial to Gen.K Jewelry®’s development.

Finally, the brand would like to express its sincere appreciation to its customers and supporters. With their trust and encouragement, Gen.K Jewelry is prepared to move forward, exploring new opportunities and continuing its growth into the future.

Hashtag: #genkjewelry10thanniversary

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

About Gen.K Jewelry®

Gen.K Jewelry® is a Singapore-based jewelry brand renowned for its modern and elegant designs. Founded by sisters Genevie and Kayde Yeo, the company specializes in crafting exquisite pieces featuring jade, a gemstone deeply rooted in Asian culture. With a focus on quality craftsmanship and timeless aesthetics, Gen.K Jewelry® offers a collection that blends traditional elements with contemporary style, appealing to both jewelry enthusiasts and collectors alike.

Twirl and Twinkle: Experience the “Moon Moon Dance Party” with Mr n Mrs Moon at Starstreet Precinct

Light Up the Dance Floor This Mid-Autumn Festival!


HONG KONG SAR – Media OutReach Newswire – 9 September 2024 – This Mid-Autumn Festival, Starstreet Precinct is sparkling with a magical Moon Moon Dance Party! Running from today to 22 September 2024, join us for a celestial celebration featuring one of Hong Kong’s favourite duos, Mr n Mrs Moon, who have delighted crowds with their hilarious couple illustrations and video clips on social media. Based on and created by real-life illustrator Mrs Moon, these quirky moon-faced characters invite you into their day-to-day lives, with videos of them doing everything from dancing to dressing up for festive occasions and cracking jokes at one another.

Moon Moon Party Invitation

Head to Starstreet Precinct to find adorable decorations, exclusive shopping rewards and fantastic giveaways, including Mr n Mrs Moon-themed goodies. Take home a slice of the festivities with our exclusive Moon Moon 3D Soy Sauce Dish Sets, chic Moon Moon Stainless Steel Tumblers, and enjoy special dining vouchers for extra savings. Let the magic of the harvest moon add a touch of wonder to your celebrations!

Get Set to Groove with the Adorable “Moony” Couple at the Moon Moon Dance Party!

This year, Starstreet Precinct is the place to be for a truly unique lunar celebration. Start your journey by meeting Mr n Mrs Moon at Wing Fung Street and catch them later outside Three Pacific Place on Star Street in their famous kissing pose. Delight in the playful fun of grabbing mooncakes from this endearing duo, capture breathtaking selfies under the moonlit sky, and dance with dazzling filters that are perfect for Instagram. Don’t miss this magical limited-time adventure!

An Enchanting Welcome

Strike a pose with Mr n Mrs Moon at these picturesque locations – and don’t forget to bring your friends and family for the special occasion! Here’s a fun way to plan your adventure…

Installation Description
Moon Moon Party Invitation Mr n Mrs Moon cordially invite you to begin your journey here! Find the open invitation from Mr n Mrs Moon, and strike a pose with these quirky characters. Snap a pic and do a little dance under the Moon Moon Party Mega Ball – which will shimmer and sparkle as you shine on!

Location: Outside Three Pacific Place on Wing Fung Street

An Enchanting Welcome Prepare for a warm welcome by Mr n Mrs Moon who are proudly posing with their hands on their hips and a wide smile. The “Moon Moon Party” backdrop is impossible to miss! Take a photo with the moony couple before continuing your journey.

Location: Outside Three Pacific Place on Wing Fung Street

Mooncake Time! It wouldn’t be a Mid-Autumn celebration without mooncakes! Mr n Mrs Moon sure know how to feast, and they’re ready to indulge in these seasonal treats just as much as you are. But Mr Moon is a little distracted by Mrs Moon – who is busy trying to take his mooncakes. Peek closely into the mooncake to discover Mr n Mrs Moon’s joyous faces. Join the fun by catching a pic with the kissing Mr Moon, then interact with them by pretending to “grab” your own share of the mooncakes!

Location: Outside Three Pacific Place on Star Street

Dancing Time Who’s ready to dance? We know Mr n Mrs Moon are – and so are you! Join the party and show off your moves at this striking stopover which features their adorable living room, including a selfie mirror where you can take your best snaps.

Don’t forget to try the exclusive Moon Moon Instagram filter to dance side-by-side with Mr n Mrs Moon in their living room for the coolest dance video ever. You’ll feel like a guest in their home!

Location: Outside Three Pacific Place on Star Street

Discover Exciting Giveaways

Immerse yourself in the lunar festivities and take part in exciting giveaways. In just a few simple steps, you can take home an exclusive Moon Moon Rabbit Balloon!

On weekends and public holidays, enjoy a special gift with any purchase at participating stores at Starstreet Precinct or Three Pacific Place. Look out for the limited-edition Moon Moon X Starstreet Precinct Photocards. Each photocard features Mr n Mrs Moon in a different spot around the precinct, so you can visit those locations and take photos with the corresponding photocards. With a new card released each week, be sure to collect them all to commemorate your lunar-inspired shopping experience at Starstreet Precinct!

Moon Moon Balloon Giveaway
Giveaway Period 3 to 22 September 2024
Redemption Venue Level B3 Gift Redemption Counter, Three Pacific Place (near Pret A Manger)
Redemption Hours 12 noon–9pm
How to Participate Follow Starstreet Precinct on Instagram or Facebook, post a photo with the Starstreet Precinct decorations, and tag @starstreethk or @Starstreet Precinct
Moon Moon X Starstreet Precinct Photocard Giveaway
Giveaway Period 7, 8, 14, 15, 17, 18, 21, and 22 September 2024

(Every Saturday and Sunday, Mid-Autumn Festival and the day following Mid-Autumn Festival)

Redemption Venue Participating stores at Starstreet Precinct, Three & Six Pacific Place (Click here for the list)
How to Participate Distributed by participating merchants with any purchase. Each week offers a different version of the photocard.

Exclusive Shopping Rewards

Experience the magic of the harvest moon with Moony Shopping Rewards. When you shop at Starstreet Precinct or Three & Six Pacific Place, you can redeem exclusive rewards like Moon Moon 3D Soy Sauce Dish Sets, Moon Moon Stainless Steel Tumblers, and special dining coupons. Simply accumulate the required same-day electronic spending to take home these unique keepsakes. Don’t miss out on this limited-time opportunity to bring a piece of the celebration home!

Period: 3 to 22 September 2024

Redemption Venue: Level B3 Gift Redemption Counter, Three Pacific Place (near Pret A Manger)

Redemption Hours: 12 noon–9pm

Accumulated
Same-day Electronic Spending
at Starstreet Precinct,
Three & Six Pacific Place
Shopping Rewards
HK$300 – HK$999 Moon Moon 3D Soy Sauce Dish Set

+

Blue Bottle Coffee HK$50 Voucher

HK$1,000 or above Moon Moon Stainless Steel Tumbler

+

PIRATA Group HK$200 Dining Voucher

If you’re as excited as we are, get ready to snap photos, shop, and take home exclusive gifts this Mid-Autumn Festival!

Hashtag: #StarstreetPrecinct #StarstreetHK #MoonMoonDanceParty #StarstreetXMrnMrsMoon #DancingWithTheMoons

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

About Starstreet Precinct

Starstreet Precinct is a vibrant destination in Wan Chai, comprised mainly of Wing Fung Street, Star Street, Moon Street, Sun Street, and St. Francis Yard. Over the years, the neighbourhood has evolved from a quaint, historic landmark, into an eclectic hangout hotspot for those with a unique sense of style and character. Filled with cosy cafés, restaurants, bars, boutique shops with the most coveted fashion selections, galleries and interior design stores, the precinct offers an array of day-to-night experiences. With a focus on community and a passion to foster a sustainable lifestyle for all, Starstreet Precinct and its tenants are collectively working to build a better future together. Connected to Pacific Place and Admiralty station through the Three Pacific Place underground link, the neighbourhood is a hidden gem in the heart of Hong Kong.

Official website: www.starstreet.com.hk
IG: @starstreethk
FB: Starstreet Precinct
#starstreethk