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Citibank Introduces Market-First “Emergency e-Banking Service Lock”

Fortifying Account Security with Option to Disable Access to Transaction Services Via Citi Mobile® App


HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Citibank announced today the imminent launch of the “Emergency e-Banking Service Lock” (“the feature”), which echoes with the Hong Kong Monetary Authority’s call for banks to adopt additional security measures. It is a market-first solution that further strengthens account security by allowing customers the option to temporarily disable access to transaction services via Citi Mobile® App when they suspect their account is being compromised and restore the services all digitally. The feature can be activated instantly through “Emergency Centre” on the pre-login page of Citi Mobile® App. A notification email and SMS message will be sent once the customer has confirmed the activation.

To ensure customers’ account security, Citibank will put in place the following service restrictions once the feature has been activated:

  • Disabled access to Citibank Online
  • Read-only mode for Citi Mobile® App, with only transaction details accessible

(*Note: Card transactions, ATM services and pre-authorized/pre-scheduled payments or transactions will not be affected.)

Customers who have lost their card or suspect their card has been compromised could notify us in “Report Card Lost” directly through “Emergency Centre” in Citi Mobile® App.

Customers may restore access to Citibank Online and e-banking services anytime by deactivating “Emergency e-Banking Service Lock” using the same device after all necessary measures, such as reporting lost credit cards and verifying transaction details, have been taken to protect their account. As a safety precaution, customers will need to reset the password during the deactivation process.

Sarah O, Head of Digital Growth at Citibank Hong Kong, said, “We understand our customers’ need for convenient and secure digital channels that can meet their banking needs. At Citi, we have more than 88% of our customers being digitally active and also take the security of its customers seriously. We spare no efforts in elevating customers’ digital banking experience with innovative services and solutions. For this, we are delighted to be the first bank in Hong Kong to launch this security feature. We will continue to prioritize customer protection and strive to ensure a safe and secure banking experience for our customers.”

Upgraded Security Features for Online/Mobile Banking
Citibank has a range of security measures in place for its online and mobile banking platforms to ensure a safe and secure online experience:

  • For Citi Mobile® App, a pop-up warning message will appear when there are attempts to take screen captures of the account interface, reminding customers not to share the screenshots to the unknown third party. Screen capturing functions have been disabled for all Android device users.
  • In order to prevent password and data leak, the screen capture, recording and mirroring functions are disabled when passwords are being entered on Citi Mobile® App.
  • The remote detector on Citi Mobile® App is equipped to detect third-party applications trying to compromise the customer’s account.

Citibank is also deeply committed to public education and the empowerment of the community with financial knowledge and awareness. In addition to engaging the general public with a series of informative and educational messages every month, this year we continued to support Hong Kong Money Month, an annual city-wide campaign led by the Investor and Financial Education Council that promotes financial literacy through a range of financial education initiatives.

Hashtag: #Citibank

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

About Citi

Citi is a pre-eminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at | Twitter: | LinkedIn: | YouTube: | Facebook:

Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures


HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – LOFTER Group (the Developer) has achieved remarkable sales results in its latest real estate development, Elize PARK. The Developer has witnessed an overwhelming response from buyers, with over 50% of the units being sold within a span of just one month after the Hong Kong government’s announcement to lift all cooling measures in stamp duty. Among the transactions made, the unit rate ranged from HK$22,125 to HK$29,025 per square feet, which outperformed other developments with similar offerings at the same time. The encouraging sales results came after the favourable government policy on stamp duty coupled with the Developer’s market positioning and sales strategy.

Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures
Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures

Elize PARK, boutique residential development in core urban area, is positioned to be an affordable luxury

Elize PARK, LOFTER Group’s latest boutique residential development in core urban area of Mong Kok East, is situated in the very heart of Kowloon, enjoying a prime location with convenient access to both Prince Edward and Mong Kok East MTR Station, both are just around 2 minutes’ walking distance away. The superb connectivity ensures easy transportation and seamless connectivity to the rest of the city.

“We are thrilled with the exceptional sales results of Elize PARK. The affordability, combined with the exceptional quality and features of the development, has played a significant role in attracting buyers from diverse backgrounds.” said Carol Chow, founder and chairperson of LOFTER Group. “The overwhelming demand and positive feedback we received from buyers further validate our commitment to create exceptional living spaces that exceed market norms. We are dedicated to deliver world-class living experience that combines luxury, comfort, and convenience.”

Adding to its allure, Elize PARK benefits from its proximity to an upcoming 1,520,000 square feet commercial landmark architecture. This locality promises to bring a vibrant mix of retail, dining, and entertainment options, further enhancing the appeal of the area. Together with the existing retail malls surrounding Elize PARK, residents will enjoy a wealth of shopping and leisure options right at their doorstep.

The project sales and marketing plan and strategy

Elize PARK was first launched to the market in late-January 2024, when the residential market was less active, and Elize PARK being one of the first developments launched in 2024 successfully caught attention from the media, property agents and potential purchasers. After the relaxation of the cooling measures in stamp duty at the Budget Speech by the Hong Kong government in February 2024, Elize PARK, being a core location residential project, was greatly benefited. 12 units over total 52 units were sold in just 4 days’ time with sales proceeds of over HK$80Million. The development then attracted bulk purchasers and there were one purchaser buying 2 whole floors in the development and another purchasing one whole floor in the mid-floor zone. These sales record successfully attracted attention in the market and the Developer then adopted a strategy to look for higher price rather than focusing on quantity and the latest transacted unit was at HK$29,025 per square feet. Within a month after all property market cooling measures are axed by the Hong Kong government, over 50% of Elize PARK units were sold with sales proceeds of over HK$200million. The sales results distinctly outperformed the other competitors in the market.

LOFTER Group has adopted a flexible sales strategy with all residential units being sold by tender, which is not the most common in Hong Kong. Elize PARK, was initially launched with a price list with an average unit price of HK$26,688 per square feet featuring 30 units. When compared to other new developments in the same district, though with different specifications, Elize PARK was recognized as being priced 25%-30% higher. This strategy successfully positioned Elize PARK as a high-end product with high-priced launch. The Developer later adopted a new sales strategy to be sold through a tender bidding process instead of sticking with the price list released. For developers, benefits of tender include the potential to secure the highest bid and retain the option not to sell if the desired price is not reached, potentially maximizing profits. Developers also maintain control over the timing and pace of the sale. For buyers, tender is time-efficient, eliminating the need to queue and wait for registration or unit selection. It also allows buyers to focus on units they are interested in, reducing the likelihood of impulsive decisions.

“Elize PARK stands out among new developments due to its shorter presale period and limited offering of only 52 units total, making it a rare project. The tender process offers more flexibility and better aligns with the product’s targe market and buyers’ needs, attracted a wide range of clients eventually, including local and Chinese investors and end-users, bulk-purchase buyers and even a renowned local artist.” said Alvin Leung, Director of LOFTER Group.

LOFTER Group built a solid track record in the past few years

LOFTER Group, currently managing 8 redevelopment projects spanning across residential, retail, office and industrial asset classes with a project-under-management valued over HK$12,000million, covering a wide investor base from high-net-worth individuals, to family offices, to local fund houses, and to institutional real estate funds. LOFTER Group’s latest acquisition in core Tsim Sha Tsui, was partnered with two international funds, BentallGreenOak and Schroders Capital to redevelop the site into a Grade-A landmark commercial tower in the heart of Hong Kong.

LOFTER teams displayed a strong capability in strata-titled acquisition, construction project management, sales and marketing in the Hong Kong property market. LOFTER Group is one of the fastest emerging players in the Hong Kong real estate market. With its solid track records in the past years, the Developer is set to expand further targeting to take up more landmark projects in Hong Kong.

Hashtag: #LOFTERGroup

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

LOFTER Group

Founded in 2012, LOFTER GROUP is a property developer based in Hong Kong. It is principally engaged in developing exceptional and high-quality residential, commercial, retail, and industrial properties. Leverage on its extensive experience, the Group is actively exploring a variety of opportunities for developing urban renewal projects across core districts of Hong Kong, with key focus on Grade A Commercial and Luxury Residential Projects. The Group vows to accommodate the needs of a diverse market and dynamic social policies, while maintaining a good balance between profitability, responsibility and sustainability.

EdCity Supports Hong Kong Reading for All Day with the Introduction of Free eBook Week to Promote Reading


HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Opening a book can unleash infinite possibilities. Hong Kong Education City (EdCity) is committed to promoting a reading culture, immersing students in the fantastical world of books. To celebrate 23 April, World Book Day, as well as Hong Kong Reading for All Day, EdCity has introduced a ‘Free eBook Week’ aimed at cultivating a city-wide atmosphere of reading and creating a rich literary ambiance across the community.

Mr Ken Ngai Yuen Keung, Executive Director of EdCity, said, ‘Every book possesses the “magic” to inspire children’s imagination, leading them to explore unknown realms. EdCity believes that reading can be transformed into a driving force propelling children forward, opening up a world of infinite possibilities. We warmly invite all students, educators, and parents to participate in and promote ‘Free eBook Week’ as a key to cultivating reading habits and sowing the seeds of lifelong learning for children.

We understand that Hong Kong students have tight schedules and may not be able to read for 1 to 2 hours every day. Parents can encourage children to utilise their spare time for reading, such as during breaks, travel times, or before bedtime, to experience the joy of reading together and create quality parent-child moments. The e-books available during ‘Free eBook Week’ can accommodate different daily routines, allowing readers to immerse themselves in the world of books anytime, anywhere, and enjoy the pleasure of reading.’

Launching ‘Free eBook Week’ – Access to Premium Reading Bundles Unlocked

EdCity has been dedicated to promoting a reading culture and, in line with the prevalence of e-learning, has created a relaxed and enjoyable digital reading environment. The multifunctional EdBookShelf allows students to browse over a thousand free e-books on various themes with just one click, encompassing humanities, history and geography, Chinese classics, modern literary works, popular science, life encyclopedias, and English books with real-voice narration. Featuring built-in Cantonese, Mandarin, and English pronunciation functions and offering both Chinese and English interfaces, readers can immerse themselves in a personalised electronic library anytime, anywhere.

To foster a ‘Read and Share’ culture, EdCity will launch ‘Free eBook Week’ from 23 April to 29 April. This seven-day initiative aims to assist schools in promoting extensive reading and broadening the reading horizons of children and adolescents. During ‘Free eBook Week,’ EdCity will grant access to several premium reading bundles from the ‘eRead Scheme’ to both primary and secondary school students, with substantial support from over 40 local and overseas publishers (refer to the appendix for the list). In alignment with ‘Free eBook Week,’ fees for over 3,000 eBooks will be waived, supporting ‘World Book Day’ and Hong Kong Reading for All Day’ in a united effort to encourage a culture of reading. Click here to learn more about EdCity’s ‘Free eBook Week’.

In addition, EdCity has specially invited the renowned picture book author Benny Lau to host the ‘EdCity World Book Day Event Series (2): Picture Books × Shared Reading—Creative Teaching’ on April 27 (Saturday) from 2:30 PM to 4:00 PM. Benny Lau will not only read picture books with the children but also allow parents to learn shared reading techniques and guide children in listening to stories and learning to share. Furthermore, he will encourage the children to engage in simple creative activities through games and questions. The event is designed for preschool children and their parents to enjoy together in a family-friendly format. Interested families are encouraged to click here and register on the EdCity website.
Hashtag: #EdCity

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

About Hong Kong Education City

Hong Kong Education City (EdCity) provides a one-stop professional education portal (EdCity.hk) with information, resources, interactive communities and online services. With the vision of ‘Actualising Future Ready Education’, EdCity continuously develops and introduces new services since its establishment, and endeavours to promote and provide all-round support to all schools in Hong Kong to adopt eLearning and innovative education.

Sustained Inflation in Laos Forces Shift in Employment Patterns, Hits Low-Income Families Hardest: World Bank Reveals

Inflation Limits Lao Families’ Recovery From COVID-19, World Bank Report Finds
Mothers and their children, Laos. ( Photo: World Bank )

Laos is grappling with significant shifts in its job market and socio-economic landscape as a result of prolonged inflation, as per the latest findings from the World Bank household survey.

Conducted between January and February 2024 as part of the World Bank’s Rapid Monitoring Phone Surveys, the eighth round of data collection revealed substantial changes in employment dynamics. A rising number of individuals in Laos have sought employment in sectors less affected by inflation, such as agriculture and manufacturing. Conversely, jobs in service industries, vulnerable to currency depreciation and high inflation, have witnessed a decline in demand.

Statistics from the survey show the magnitude of this shift. The proportion of self-employed workers surged to 45 percent in January 2024, an increase from the 29 percent recorded just a year earlier. Moreover, while wages experienced growth in the latter half of 2023, they failed to match the pace of inflation. Consequently, more individuals turned to self-employment and family business activities to buffer against the eroding purchasing power.

While overall household income showed a 25 percent growth rate by December 2023, barely exceeding the inflation rate of 24 percent, this trend did not shield a significant portion of households from declining purchasing power. Over 40 percent of households experienced income levels trailing behind the inflation rate, exacerbating financial strains, particularly among low-income families.

Alex Kremer, Country Manager for the World Bank in Laos, commented on the ramifications of this trend, stating, “While some groups are able to cope with long-running inflation, poorer families are falling further behind. Low-income households report more children dropping out of school and more difficulty finding enough food to eat. This means inequality will increase and progress in development could reverse.” 

Indeed, the survey revealed that financial constraints were a leading cause of school dropout, with 5 percent of students reported to have left school. Agricultural activities emerged as a resilient sector, with farming households reporting steady growth and higher returns compared to other industries. Notably, approximately half of farming families now grow crops for sale, with cassava cultivation particularly prevalent among low-income farmers.

Amidst the challenges posed by sustained inflation, households have resorted to various coping mechanisms. Strategies include increased food production for personal consumption, adopting cheaper food alternatives, and engaging in additional employment or borrowing from financial institutions. However, access to public services has been hindered by bureaucratic hurdles and logistical difficulties, further exacerbating the plight of vulnerable communities.

The Bank of Thailand reaffirms its adherence to integrity and principles to build confidence – good governance in Thailand


BANGKOK, THAILAND – Media OutReach Newswire – 10 April 2024 – In a detailed discussion with the Integrity Team of the Office of the National Anti-Corruption Commission (NACC), Thailand in recent days, Mrs. Roong Mallikamas, deputy governor of corporate development at the Bank of Thailand shows her vision to create confidence for all sectors while adhering to good governance principle as a neutral agency for the Kingdom of Thailand.

“The Bank of Thailand as the central bank of Thailand has a main task to manage the overall economic and financial system of the country to operate smoothly and to support the country’s economy to grow with stability and sustainability. From the foundation, it has been adopted into three elements to create reliability for the present’s tasks: having principles, adhering to the principle of rightness, and foreseeing the benefits of the country as key, creating transparency in the decision-making process, and creating an environment that allows the organization’s officials to have morality and good governance,” she explained.

The deputy governor elaborated that adhering to principles and considering the benefits of the country as the key has always been a tone from the top. At present, within the organization, all employees will be thought of as not taking advantage of anyone whether from the internal or external persons.

We don’t work to please anyone or to seek popularity. The BoT must explain our ideas and opinions to the public clearly. We will not do anything that cannot be explained to society. Anything we do or think, we have to be able to explain why we act or think this way,” she noted.

Besides having straightforward working principles, the BoT’s task must also go through a process called “Thinking around, and be able to explain” so that alternatives can be sought and weighed appropriately, comprehensively, and able to answer the public’s queries.

The Bank of Thailand also vows to create transparency in the decision-making process and make it auditable.

What has changed after the Tom Yum Kung economic crisis is that the BoT will use decision-making in a collective format to prevent group thinking. There are checks and balances in the decision-making power of various committees, whether it be the BoT Board, the Monetary Policy Committee (MPC), the Financial Institutions Policy Committee (FIPC), or the Payment Systems Committee (PSC). Each of which has a higher proportion of external committees than the BoT’s officials, ensuring that the ideas of BoT officials cannot dominate policy decisions. The decision-making is transparent because there is a data storage and communication system so that it can always be traced back. For example, at the MPC meeting, minutes of the meeting are disclosed to the public. After every meeting, questions were answered, clarifying doubts in many forums.

Last but not least is creating an environment that allows executives and employees to perform their duties according to moral principles, have good governance, and support people in the organization to be good and moral people. One thing that will help reduce the chance for corruption is providing appropriate remunerations and welfare so that there won’t be a loophole or at least reduce the chance that a person may exercise their power to benefit themselves or others.

“We must not discourage good people or not make our people feel that being a good person is difficult,” Mrs. Mallikamas added that apart from the BoT’s regulations that meet the standards of the bureaucracy, another area that the BoT is very concentrated on is awareness regarding Conflict of Interest.

The BoT set clear rules regarding the prohibition of investing in assets related to matters under supervision. Although some committees are not directly involved in policy decision-making, the BoT has notified the conditions for the committee to avoid having an involvement since the public doesn’t know who is or isn’t involved, which may have a scandal after that. Thus, we ask for refraining. Unless there is a truly necessary incident, there are rules to support what must be done in order to ensure that those are based on the principles of transparency and good governance.

Although the BoT has never had any scandals regarding corruption, the BoT has established measures to promote transparency and prevent corruption. For BoT employees to use as a guideline for performing their duties. (Information from the BoT website https://www.bot.or.th/th/about-us/good-governance/transparency/measure.html)

The measures are included: 1. Measures for disseminating information to the public 2. Measures for stakeholders. 3. Measures to promote transparency in procurement. 4. Measures and guidelines for handling corruption complaints. 5. Measures to prevent bribery. 6. Measures to prevent conflicts between personal interests and public interests, and 7. Measures to inspect the use of discretion.

“Regarding the honesty and integrity that the BoT has always adhered with, an organization must help reduce the risk of employees falling into precarious circumstances while creating pride in that honesty and integrity to maintain reliability in the performance of the central bank’s duties,” the deputy governor of the Thai Central Bank concluded.

*This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF).

Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

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

National Anti-Corruption Commission (NACC), Thailand

The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions. It is authorised to undertake work on the prevention and suppression of malfeasance, particularly in government agencies, on assets investigations, as well as on the monitoring of ethics and virtues of political position holders.

It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption. The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Since 1997, Thai Courts have ruled against and punished politicians, former ministers, high-ranking government officials as well as executives of the private sector in the thousands of cases submitted by the NACC.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages bluebird bio Inc. Investors to Inquire About Securities Class Action Investigation – BLUE

New York, New York – Newsfile Corp. – April 7, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of bluebird bio Inc. (NASDAQ: BLUE) resulting from allegations that bluebird may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased bluebird securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=23843 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 26, 2024, before the market opened, bluebird filed an 8-K with the SEC in which it announced, “[o]n March 24, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, based on the recommendation of management and after consultation with EY, concluded that the Company’s previously-issued audited consolidated financial statements for each fiscal year beginning January 1, 2019 and its previously-issued unaudited interim condensed consolidated financial statements for each of the first three quarters in such years, as well as the associated earnings releases and investor presentations or other communications describing such financial statements, were materially misstated and, accordingly, should no longer be relied upon.”

On this news, bluebird’s stock fell $0.16 per share, or 11.76%, to close at $1.20 per share on March 26, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

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

Pekuakamiulnuatsh First Nation and First Phosphate Announce Collaboration Agreement


Mashteuiatsh – Newsfile Corp. – April 9, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) and Pekuakamiulnuatsh Takuhikan (the “First Nation”) announce the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate (LFP) cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada (the “Project”).

The collaboration agreement signed today in Mashteuiatsh, in the presence of the Chief of the Pekuakamiulnuatsh First Nation, Gilbert Dominique, and the CEO of First Phosphate, John Passalacqua, is an important step in the development of the Project.

The agreement sets out guidelines regarding employment opportunities, business horizons, environmental protection across the Nitassinan (the ancestral lands of the First Nation), harmonization of exploration work with the members of the First Nation who occupy the Nitassinan, and the supervision of future work.

Future access to the industrial park at Mashteuiatsh for Project development and financial participation in the Project by the First Nation are under consideration. The First Nation is also committed to collaborating with the Company in the establishment of rare igneous phosphate as a critical and strategic mineral at the Canadian federal levels of government.

“We are satisfied with the collaboration agreement reached today with First Phosphate, which allows us to establish the basis for exploration work on the Nitassinan, our ancestral lands. We must be considered and consulted at the beginning in these types of projects, by virtue of our ancestral rights and title, including our inherent right to self-determination. This agreement ensures that there will be continued follow-up during the realization of the studies and work necessary for the development of the Project, with proper concern for the continuity of ilnu-aitun (the Ilnu culture),” underlined the Chief of the Pekuakamiulnuatsh First Nation, Gilbert Dominique.

“It is important for First Phosphate to work together with all stakeholders in the Saguenay-Lac-Saint-Jean region in the development of the battery industry of the future. The Ilnu culture forms a fundamental fabric of the character of the Saguenay-Lac-Saint-Jean region of Quebec and we are proud to be able to collaborate strategically in business and in culture with the Pekuakamiulnuatsh First Nation and to be able to further integrate into the heart of Saguenay-Lac-Saint-Jean society. We thank the Pekuakamiulnuatsh Nation for their openness and friendship,” said John Passalacqua, CEO of First Phosphate.

Under the collaboration agreement, the Company has agreed to issue: (a) an initial 50,000 shares to the ilnu-aitun funds (dedicated to Ilnu culture) and 50,000 shares to the Nelueun funds (dedicated to ilnu language); and (b) such number of shares equal to 2.5% of the exploration and development expenditures by the Company on the First Nations lands, calculated and payable annually. The exploration and development expenditures are subject to a minimum of 100,000 shares per year, payable annually in advance, including 100,000 shares to be issued in connection with the signing of this agreement for the 2024 calendar year. All shares issuable under the Agreement will be priced in accordance with the policies of the CSE at the time of their issuance.

About Pekuakamiulnuatsh First Nation
Pekuakamiulnuatsh Takuhikan is the political and administrative organization that represents the Pekuakamiulnuatsh Nation. The Pekuakamiulnuatsh Nation has 10,840 members, many of whom live in the community of Mashteuiatsh, on the bank of the Pekuakami (Lac Saint-Jean). Mashteuiatsh (which means “there where the point can be found”), is a historical place of meeting.

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


Chef Gilbert Dominique and CEO John Passalacqua
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/204715_firstphosphate1.jpg

For additional information, please contact:
Mélodie Lapointe
Pekuakamiulnuatsh Takuhikan
+1 (418) 275-5386, poste 1245
communication@mashteuiatsh.ca
www.Mashteuiatsh.ca

Armand Mackenzie, VP
First Phosphate Corp.
+1 (514) 618-5289
armand@firstphosphate.com
www.FirstPhosphate.com

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

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 the objectives and goals of the collaboration agreement between the Company and the Pekuakamiulnuatsh First Nation, including the guidelines regarding employment opportunities, business opportunities, environmental protection of Nitassinan (the territory), harmonization of exploration work with the members of the First Nation who occupy the territory, and the supervision of future work; the contemplated eventual access to the industrial park of Mashteuiatsh under the collaboration agreement; the collaboration agreement in allowing the parties to establish the basis for future exploration work on Nitassinan; the Company will carry-out the follow-up during the realization of the studies and works necessary for the development of the Project, with the concern of the continuity of ilnu-aitun (the Ilnu culture); and the Company will further integrate itself into the heart of the Saguenay-Lac-Saint-Jean society.

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.

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Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media

First female CEO of the storied 95-year-old business media brand Led transformation of Fortune into profitable, digital-first, and global multi-platform media company Fortune deploying regional conferences and new lists for Asia and Greater China markets


HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – Fortune Media has named Anastasia Nyrkovskaya as the new Chief Executive Officer, becoming the first woman to lead the storied media brand. She has served as Fortune’s Chief Strategy Officer and Chief Financial Officer over the past five years.

Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media

With experience across investing, finance, and corporate development in both traditional media and startups, Anastasia succeeds Alan Murray, who has been CEO of Fortune since 2018 and announced last October that he planned to step down this April. In recent months, they have been working on the leadership transition.

Anastasia first joined Fortune Media in 2019 as one of the first senior executives when it became an independent media company. Founded by Henry Luce in 1929, Fortune spun off from Meredith Corporation and had previously been a longtime part of Time Inc.

Prior to Fortune, Anastasia held senior roles in finance and accounting at NBCUniversal, KPMG, and XpresSpa Group. At NBCUniversal, she was part of the corporate strategy team responsible for M&A and oversaw accounting and due diligence on multiple major acquisitions including MSNBC.com, The Weather Channel, and the formation of Hulu. Subsequently, she served in senior financial roles at NBCU, working with its subsidiaries, including studios, theme parks, and cable TV. She began her career in audit and transaction services at KPMG. Anastasia is based in New York with her husband and two children.

At Fortune, Anastasia has played a key role in its digital transformation and the diversification of its business model beyond magazine publishing and into new digital lines of business, as well as the global expansion of the Fortune brand and operations. At the same time, she supported expansion of editorial coverage and the size of the Fortune newsroom under Alyson Shontell, who took the reins as Editor in Chief and Chief Content Officer in October 2021. While she was Chief Financial Officer, Fortune posted three successive years of profits through 2023, and as Chief Strategy Officer, she rolled out a range of new products and enabled expansions of lists and conferences in Europe and Asia.

Fortune has actively been expanding its events and editorial franchises in Asia, most recently hosting a sold-out Fortune Innovation Forum for senior business and policy leaders, in Hong Kong. In June, Fortune will launch the Fortune Southeast Asia 500 List, a ranking of the largest 500 companies in Southeast Asia. In July, it will hold the Fortune Brainstorm AI conference in Singapore.

Outgoing Fortune CEO Alan Murray said, “As Chief Strategy and Finance Officer, Anastasia has steered Fortune through three years of profitable growth—almost unheard of in the legacy magazine business. She appreciates and supports the power of Fortune’s great journalism, its iconic lists, and its first-in-class executive communities, and understands how they work together to make business better. She has helped lead Fortune’s transformation into a profitable global multi-platform media company and is the right person to lead it into its second century.”

Incoming CEO Anastasia Nyrkovskaya said, “I believe in the power of Fortune’s journalism and its brand. For a media brand to evolve and progress today, you have to love this business and care about the people in it. Fortune has some of the best business journalists in the industry and the best Editor in Chief in Alyson Shontell. I have loved partnering with Alan and Alyson, as well as our Publisher and Chief Revenue Officer Michael Schneider and our Chief Technology Officer Jonathan Rivers.”

She added, “For the past five years, I have been focused on fiscal responsibility and the development of new revenue streams to sustain and grow the business. Looking ahead, I am excited to drive more focus and growth in journalism and business as Fortune expands globally.”

Editor in Chief Alyson Shontell said, “Anastasia has been a true partner in both expanding Fortune’s newsroom into a fully-fledged digital news operation and continuing our focus on original enterprise reporting. At every step, she has supported the newsroom’s independence with decisions that sustain our business. I look forward to continuing to work with her closely as she steps into the CEO role.”
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About Fortune

Fortune’s mission is to change the world by making business better. We achieve that by providing trusted information, telling great stories, and building world-class communities. We measure performance by rigorous benchmarks, and we hold companies accountable. Our goal is to make Fortune a force for good through its second century and beyond. For more information, visit .