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Betters Medical Investment Holdings Limited to raise a maximum of approximately HK$427 million1 by way of Global Offering

Highlights
· One of the leading microwave ablation (MWA) medical device developers and providers in the PRC for minimally invasive treatment of tumours. MWA medical devices are used for treatment of benign and malignant tumours including thyroid nodules, liver cancer, lung cancer and breast lumps.

· The Group ranked first among MWA medical device providers in the treatment for thyroid nodules and breast lumps in the PRC in terms of sales revenue and sales volume of MWA needles in 2021; The Group is the third largest MWA medical device provider in the PRC in terms of sales revenue in 2021.2

· The Group is the first company to have proprietary MWA medical devices specifically indicated for thyroid nodules successfully registered as Class III medical devices.2

· For the five months ended 31 May 2022, 259 hospitals in China procured products of the Group, among which, 150 were Grade IIIA hospitals.

· As at 13 September 2022 (the “Latest Practicable Date”), the Group possessed a total of 27 registered patents in China.

Financial Highlights

For the year ended 31 December

For the five months ended 31 May

RMB’000

2019

2020

2021

2021unaudited

2022

Revenue

85,029

118,287

188,664

59,605

63,764

Gross Profit

75,987

101,896

156,741

52,122

54,040

(Loss)/Profit before tax expense

(40,718)

62,527

90,940

27,703

26,614

(Loss)/Profit for the year/period

(49,661)

46,692

74,857

22,133

21,146

HONG KONG SAR – Media OutReach – 21 September 2022 – Betters Medical Investment Holdings Limited (“Betters Medical” or the “Company”, together with its subsidiaries, the “Group”, stock code: 6678.HK), one of the leading microwave ablation (MWA) medical device developers and providers in the PRC, announces the details of its plan to list on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

A total of 248,000,000 shares (subject to the Over-allotment Option) will be offered under the Share Offer, of which 90%, or 223,200,000 shares (subject to reallocation and the Over-allotment Option), will be offered by way of International Placing; while the remaining 10%, or 24,800,000 Shares (subject to reallocation) will be offered under the Hong Kong Public Offer. The Offer Price per Offer Share is expected to be not less than HK$1.40 and not more than HK$1.72. The Hong Kong Public Offer will commence at 9:00 a.m. on 22 September 2022 (Thursday) and close at 12:00 noon on 27 September 2022 (Tuesday). The final offer price and allotment results are expected to be announced on 3 October 2022 (Monday). Dealings in shares of Betters Medical on the Main Board of the SEHK are expected to commence on 5 October 2022 (Wednesday).

Assuming an Offer Price of HK$1.56 per Offer Share (being the mid-point of the indicative price range of the Offer Price), the aggregated net proceeds from the Share Offer, after deducting related expenses and assuming the Over-allotment Option is not exercised, will be approximately HK$300.2 million. The Group intends to use these net proceeds for the following purposes: 1) approximately 41.0% for broadening and deepening product portfolio, upgrading medical licences and expanding R&D team; 2) approximately 38.0% for selectively pursuing strategic acquisitions, investment or synergistic business cooperation opportunities; 3) approximately 8.0% for expanding presence in foreign and emerging markets by setting up overseas offices; 4) approximately 3.0% for acquiring automated machineries and equipment to improve the automation level of production lines; and 5) approximately 10.0% for additional working capital and other general corporate purposes.

BOCI Asia Limited and Zhongtai International Capital Limited are the Joint Sponsors. BOCI Asia Limited, Zhongtai International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited and Cinda International Capital Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. Huatai Financial Holdings (Hong Kong) Limited, Eddid Securities and Futures Limited, China Everbright Securities (HK) Limited, Guosen Securities (HK) Capital Company Limited, China Industrial Securities International Capital Limited and Valuable Capital Limited are the Joint Bookrunners and Joint Lead Managers. ZMF Asset Management Limited are the Joint Lead Manager.

Business Overview

The Group is one of the leading MWA medical device developers and providers in the PRC for minimally invasive treatment of tumours. The proprietary MWA medical devices of the Group are used for treatment of benign and malignant tumours including thyroid nodules, liver cancer, lung cancer and breast lumps, which have experienced rising incidence rates in China. According to Frost & Sullivan, the Group is first company to have its proprietary MWA medical devices specifically indicated for thyroid nodules successfully registered as Class III medical devices. As at the Latest Practicable Date, the Group had obtained the Class III medical device registration certificate for its MWA medical devices specifically indicated for liver cancer and thyroid nodule.

According to Frost & Sullivan, the Group ranked first among MWA medical device providers in the treatment for thyroid nodules and breast lumps in the PRC in terms of sales revenue and sales volume of MWA needles in 2021; the Group is the third largest MWA medical device provider in the PRC in terms of sales revenue in 2021.

During the Track Record Period, all revenue of the Group was derived from China. Products of the Group are ultimately sold to hospitals for end consumption by their patients. These hospitals were mostly Grade II and Grade III hospitals across 22 provinces, municipalities and autonomous regions in China. For the five months ended 31 May 2022, 259 hospitals in China procured products of the Group, among which, 150 were Grade IIIA hospitals.

The Group experienced a strong growth in financial results during the Track Record Period. For the year ended 31 December 2019, 2020 and 2021, revenue of the Group was approximately RMB85.0 million, RMB118.3 million and RMB188.7 million respectively, which record a CAGR of 49.0%. The Group turned from a net loss of RMB49.7 million for FY2019 to a net profit of RMB46.7 million and RMB74.9 million for FY2020 and FY2021, respectively. For the five months ended 31 May 2022, revenue and net profit of the Group was RMB63.8 million and RMB21.1 million respectively.

Competitive Strengths

1. One of the leading MWA medical device developers and providers in the PRC for minimally invasive treatment of tumours in a fast-growing and underserved MWA medical device market in China

From 2016 to 2021, the market size of China’s tumour ablation industry in terms of hospital charge price has increased from RMB1.9 billion to RMB4.1 billion and is expected to reach RMB14.7 billion in 2026 with a CAGR of 30.6% from 2022 to 2026. MWA is the largest sector of tumour ablation therapy market in China, contributed to 57% of the overall ablation market. According to Frost & Sullivan, the Group ranked first among MWA medical device providers in the treatment for thyroid nodules and breast lumps in the PRC in terms of sales revenue and sales volume of MWA needles in 2021. MWA medical devices of the Group primarily target specialty areas with significant efficacy with MWA technology and with substantial market growth potential including both (i) benign tumours with a particular focus on thyroid nodules and breast lumps; and (ii) malignant tumours with particular focus on liver cancer and lung cancer.

2. Established a solid and strategically managed sales and distribution network

The Group have a solid and strategically managed sales and distribution network across China. For the five months ended 31 May 2022, products of the Group have been sold directly, through deliverers and on-sold by distributors to 259 hospitals across 22 provinces, municipalities and autonomous regions in China. With the network of deliverers and distributors, the number of hospitals in China purchasing products of the Group increased from 258 for FY2019 to 303 for FY2021, among which the number of Grade IIIA and Grade IIIB hospitals increased from 149 to 177. According to Frost & Sullivan, there are a total of 10 hospitals in Guangdong Province that are listed as the top 100 hospitals in the PRC issued by the Hospital Management Institute of Fudan University* (復旦大學醫院管理研究所) in 2020, and the Group have managed to sell the products to six of them during the Track Record Period.

3. Established relationship with market participants which greatly enhances R&D capabilities

The Group is the first company to have proprietary MWA medical devices specifically indicated for thyroid nodules registered as Class III medical devices, according to Frost & Sullivan. Also, the Group had obtained (i) one registration certificate for Class III medical devices and (ii) two registration certificates for Class II medical devices. Its products have wide application to different tumours including both (i) benign tumours with a particular focus on thyroid nodules and breast lumps; and (ii) malignant tumours with particular focus on liver cancer and lung cancer. As at the Latest Practicable Date, the Group possessed, as sole owner or co-owner, a total of 27 registered patents in China, and have made applications for 20 additional patents.

4. One of the leading players in the MWA medical device industry who add value to stakeholders in the value chain

MWA is one of the available treatment options of certain types of benign and malignant tumours that has the advantage of being safe, minimally invasive and easy to operate with a rapid recovery and low complication rate for patients. MWA treatments can also prevent a benign tumour from developing to a malignant tumour and therefore preventing cancer at early stage.

For hospitals, MWA medical devices of the Group provide them with a surgical alternative to conventional open surgery and chemotherapy for some of the patients who are suitable for undergoing MWA treatment. Patients undergoing MWA treatment also require less observation period and stay period (if any) post operation. Therefore, hospitals providing MWA treatment, thereby reducing the number of open surgery or chemotherapy patients, can reduce burden on hospital capacity; For medical practitioners, MWA medical devices of the Group provide them with a surgical alternative to tumour treatment for the patients. MWA treatment requires relatively short operation time and involves relatively low risk as compared to open surgery. In addition, MWA medical devices of the Group are currently covered by the national medical insurance in Guangdong Province and the reimbursement rate is up to 80% of the total fee for employee insurance and up to 60% of the total fee for rural insurance, which can further decrease the payers medical expenses reimbursement.

5. A visionary and experienced management team with proven track record

The Group has an experienced, dedicated and stable management team, with deep industry knowledge and management expertise that have contributed to our success so far. The Group is led by a management team who has rich working experience in medical companies. Senior management team of the Group includes members with background in accounting, R&D and merchandising. The Group believes that its leadership team, with their strong management talent, and the utilisation of its vast distribution networks and industry experience, will help the Group sustains an organic growth and future development.

BUSINESS STRATEGIES

1. Selectively pursue strategic acquisitions or investment

The Group plans to actively seek suitable opportunities for strategic acquisitions, investment or synergistic business cooperation to grow the business, expand product portfolio, enhance sales and distribution network and strengthen R&D capabilities to further consolidate market position. The Group believes there are ample opportunities, including companies that offer laser ablation products and technologies, companies that offer MWA products and technologies (including microbubble ultrasound cavitation enhanced MWA products and technologies), companies that focus on the development of AI and are in possession of the relevant products and technologies. Directors of the Group confirm that as at the Latest Practicable Date, they had not identified any specific acquisition target, formed any specific acquisition plan or entered into any agreement with potential target.

2. Broaden and deepen product portfolio, upgrade medical licences and expand R&D team

R&D staff of the Group will continue to broaden and deepen product portfolio, in a bid to strengthen the position in the MWA medical device market. The Group plans to expand the coverage of its Class III medical device registration certificates for its proprietary MWA medical devices specifically indicated for breast lumps, pulmonary nodules, varicose vein, bone tumours, uterine fibroid, prostate cancer and other diseases. The Group also plans to study, research on and develop MWA intelligence, as well as to launch new products in the underserved and fast growing MWA medical device market in the PRC.

3. Expand the presence in foreign and emerging markets by setting up overseas offices

The Group intends to tap into suitable overseas markets such as the U.S. and Europe that it believes are with good market growth potential by establishing overseas offices to implement its business development strategy and seek collaboration opportunities with local sales channels. The Group will conduct market research on the tumours ablation therapy markets in Europe and the U.S. and formulate a concrete overseas marketing plan in 2023; the Group intends to start cooperating with renowned overseas medical experts and professors to promote its brand and products in the overseas markets in the second half of 2023; expects to set up overseas office and recruit overseas sales and marketing staff for sales and after-sale services in the first quarter of 2024.

To promote brand name overseas, the Group will participate in prominent international medical conferences, such as China International Medical Equipment Fair (中國國際醫療器械博覽會), MEDICA and Florida International Medical Expo (FIME) to promote our products and build our brand reputation among influential KOLs and major medical associations in the MWA field of our targeted overseas markets.

4. Acquire automated machineries and equipment to improve the automation level of our production lines

To increase standardisation of production process and production efficiency, the Group plans to automate certain production steps by installing various types of automatic machineries and equipment in the Nanjing Plant 2 and the Suzhou Plant. The Group will provide training to its production staff on the operation of the new machineries and equipment and the automated production process. In addition, Directors believe that improved automation in the production process will enhance operational efficiency, strengthen capacity in producing highly standardised quality MWA medical devices, and increase the recognition of their proprietary MWA medical devices among medical practitioners.

Hashtag: #BettersMedical

About the Betters Medical Investment Holdings Limited

Betters Medical Investment Holdings Limited is one of the leading microwave ablation (MWA) medical device developers and providers in the PRC for minimally invasive treatment of tumours. Proprietary MWA medical devices of the Group are used for treatment of benign and malignant tumours including thyroid nodules, liver cancer, lung cancer and breast lumps, which have experienced rising incidence rates in China. According to Frost & Sullivan, the Group is the first company to have proprietary MWA medical devices specifically indicated for thyroid nodules successfully registered as Class III medical devices; ranked first among MWA medical device providers in the treatment for thyroid nodules and breast lumps in the PRC in terms of sales revenue and sales volume of MWA needles in 2021; the third largest MWA medical device provider in the PRC in terms of sales revenue in 2021.

eWTPA: MENA on the rise with push and pull global economic drivers

SINGAPORE – Media OutReach – 21 September 2022 – eWTP Arabia Capital (eWTPA), a leading Saudi Arabia and China based growth stage venture fund, is aggressively joining the global private equity (PE) universe, upon sensing the strong growth drivers in the region.

Although currently most PE and VC investments still originate from North America, the MENA is rapidly gaining traction. More start-ups and institutional investors and PEs choose to reside in the region. We are also seeing increasing inbound investment and activities from Middle Eastern sovereign wealth funds. Meanwhile, actions of governments and certain characteristics of the region have contributed to this rise.

The strong government supports
MENA-based start-ups attracted over US$1.2 billion in the first half of 2021, representing 64% year-on-year growth, among which 71% was invested in the Saudi Arabia, UAE (mainly through the various financial centre free zones, such as the Dubai International Finance Centre, and the ADGM) and Egypt.

The Saudi Arabia and UAE have implemented fiscal reforms and unleashed large-scale programmes to privatize assets, increase public-private partnerships, unlock value by monetising real assets and infrastructure, improve public benefits and services, develop social and human resources, and optimize government operations.

These initiatives, together with complementary legal and regulatory reforms and social changes, ultimately make these countries more attractive destinations for foreign capital with more diverse, efficient and sustainable economies.

The MENA markets recognize the importance of the venture capital sector to achieve higher economic aims. Government-led initiatives have therefore been a key driver of growth in the venture capital sector in the region, evidenced by the development of start-up ecosystems.

The strong sector supports
Saudi Arabia’s Public Investment Fund (PIF) has been supportive of the ecosystem mission. PIF’s support of fund managers has also formed a key aspect of its strategy. For the sole purpose of promoting the development of a venture capital ecosystem, two years ago PIF established Jada, a fund of funds company. By funding venture capital funds and private equity focused on the Saudi market, Jada’s mandate is to create a self-sustaining growth platform for local SMEs.

On the other hand, PIF’s Sanabil Investments commits approximately US$2 billion in capital per annum in private investments that include venture, growth capital and small buyouts.

With this commitment, Sanabil aims to partner with originators of good business ideas: entrepreneurs who harness the innovations of mind and matter to fulfil societal needs in ways that are scalable and sustainable.

eWTP Arabia Capital (eWTPA) has launched its first fund (Fund I) in 2019, backed by the sovereign wealth fund of Saudi Arabia, Public Investment Fund (PIF) and eWTP Capital (Alibaba Group and Ant Finance Group). Within a short period of time, this US$400-million-fund has already invested into 16 companies across of digital infrastructure, core technology and platform, consumer and enterprise services which span enterprise services, cloud services, cyber security, fintech, cross-border supply chain, retail and consumer, e-commerce, logistics and digital entertainment and others, which are to work together and build a unique digital ecosystem in the MENA region. Currently, 13 out of the 16 portfolio companies are already operating and growing the MENA markets.

The unique MENA offering
Housing 7.5% of the world’s total population, the MENA region has a predominantly young population. Of the 600 million people in the region, more than 50% are under 25 years old. This enables a customer base that welcomes disruptive business models and a growing culture of entrepreneurship.

Traditionally, MENA also benefits from its geographical location as a gateway to both Africa and Asia. Given that one-third of the world’s population lives within a four-hour flight of Dubai, the region’s proximity to Africa and Asia is an attractive attribute for start-ups looking to capitalize on these vast emerging markets.

Conclusion
With the right balance between investment returns and start-up potential, PEs and VCs are more intrigued by regions like MENA, which offers an interesting mix of investment options. We are also seeing another wave of start-ups with Chinese origin expanding into the region for the same reasons. Likewise, Southeast Asian countries which offer similar welcoming and flexible environment also are attractive to investors and entrepreneurs.

Hashtag: #eWTPArabiaCapital

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

About eWTP Arabia Capital

eWTP Arabia Capital (“eWTPA”) is a growth stage venture fund based in Saudi Arabia and China backed by marquee investors – eWTP Capital and the sovereign wealth fund of Saudi Arabia, Public Investment Fund (PIF). eWTPA is focused on building a local digital ecosystem in MENA by partnering with market leading Chinese businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. eWTPA takes pride in its ability to offer comprehensive support to its portfolio companies, empowering them to explore and succeed in strategic markets across the MENA region.

Established in 2019, eWTPA is now the preferred partner for Chinese technology giants seeking to enter the MENA region. Through its US$400 million Fund I it has invested in 16 companies in the digital sector, 13 of which have already established themselves successfully in Saudi Arabia. Investments include the hugely successful Saudi Cloud Computing Company (“SCCC”) the kingdom’s leading provider of cloud Services and J&T Logistics, which is now the fastest growing logistics provider in the country.

The fund’s core investment strategy is to transfer the latest technology and proven business models from China and Asia more broadly in order to fill a clear gap in its target MENA market. eWTPA focuses on the sectors of digital infrastructure, core technology and platform, consumer and enterprise services which span enterprise services, cloud services, cyber security, fintech, cross-border supply chain, retail and consumer, e-commerce, logistics and digital entertainment. To eWTPA, success is the ability to drive capital appreciation and to help elevate the digital eco-system in the MENA region.

Laos Rethinks Savannakhet to Lao Bao Railway Project

Mr Sathabandith Insysiengmai (right) shakes hands with Mr Dai Kang Fu after signing an MOU on the proposed Savannakhet-Lao Bao railway last week.

The Lao government has consented to a feasibility study for the construction of a 220 km railway route from Savannakhet province to Lao Bao, which is situated in Quang Tri province, Vietnam, near the Lao border.  

YAKIIMOYA, Japan’s top-selling sweet potato desserts ready to serve in Thailand

BANGKOK, THAILAND – Media OutReach – 21 September 2022 – YAKIIMOYA, a premium organic sweet potato brand loved by Japanese, is ready to serve “guilt free” happiness for Thais with fresh imported sweet potatoes from Miyazaki Prefecture. YAKIIMOYA has opened a branch in Bangkok at Ellsie Boutique Mall Sukhumvit 33 and a promotion booth at Terminal 21 Asoke.

Roasted sweet potatoes are a popular dessert in Japan offering a healthy and organic choice of snacks.

The country’s sweet potato export has increased 15 times in the past 10 years, spurred by the global “guilt-free” food trend.

Sazaka is the brand name of “Yaki-Imoya” in Japan and is recognised as “the sweetest sweet potato in the world”. The produce is handled with care from farm to table. The planting is supported by research to make sure that the sweet potatoes grow in the right soil and environment. The result is the sweetness derived from the natural honey that is a part of its soft and smooth texture. The sweet potatoes can be eaten in different ways: frozen as a sorbet, warmed up to enjoy the chewiness or enjoy them hot out of the air fryer packed with a full sweet sensation.

Japanese media have fallen head over heels with Yaki Imoya sweet potatoes. NIPPON ZIP!, FNN Prime News and Gekkan EXILE have praised the product that has been awarded the Grand Pix Winner from NIPPON no Takaramoto in 2020. -2022, the Judges Award from Sweet Potato EXPO 2020 and the Judges Award from Miyazaki Food Award 2020.

Now the sweetest sweet potatoes have arrived in Thailand with franchising opportunities.

The first Thailand branch is located in central Bangkok at Ellsie Boutique Mall, Sukhumvit 33/1. Customers can enjoy sweet potatoes starting at 100 baht or can order the snacks on delivery apps such as Grab Food, LINEMAN and Foodpanda.

YAKIIMOYA has been well-received by health-conscious Thais and has recently opened a promotion booth at Terminal 21, 5th floor, next to BTS Asoke that runs until the end of September.

Hashtag: #YAKIIMOYA #JapaneseSweetPotato #JapaneseDesset

About YAKIIMOYA

The brand of the sweetest sweet potatoes in the world. Imported from Miyazaki Prefecture, Japan, the sweet potatoes can be found at more than 400 restaurants in Japan. Loved by both media and consumers, YAKIIMOYA is committed to providing organic sweets as a healthy gift and creating a “GUILT-FREE Precious Moment” for Thai customers.

Contact us
Address: YAKIIMOYA, Ellsie Boutique Mall 595, 22 Sukumvit Road, Khlongtun Neua, Wattana, Bangkok 10110
Tel: 02-168-7365 (Thai)
096-8916-108 (English/Japanese)
LINE Official:
Facebook:
Instagram:

Announcement of the IX Digital Asset Industry Classification System & IX Infrastructure Crypto Index

HONG KONG SAR – Media OutReach – 21 September 2022 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the launch of the IX Digital Asset Industry Classification System (“DAICS™”), aiming to provide the professional worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. It also serves as a tool for asset allocation and portfolio analysis for digital assets market as well as product development. DAICS™ complements IX Asia Indexes to develop their own competitive digital asset indexes and index products from a robust global standard.

DAICS™ covers both cryptocurrencies and asset-backed tokens (“ABT”), to be reviewed semi-annually at the end of June and December. On cryptocurrencies side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data and 5) Media & Entertainment. These industries are further divided into 13 industry sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types and 30 branches. They are: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources and 6) Green Economy. (For DAICS™ please see Appendix 1 and 2)

Initially IX Asia Indexes will only classify the top 50 cryptocurrencies in terms of market capitalization which already represent over 80% of the market share in terns of market size and volume. ABT classification work will be added in next stage when a fair population of popular asset-backed tokens are available in the market. The current asset types and branches of the ABT category is to provide a first stage according to more foreseeable industry demand. As the market further matures with more cryptocurrencies with strong use cases emerge, the Classification System may expand to include more cryptocurrencies, ABT, industries, sectors and subsectors. (For more details on the grouping of cryptocurrencies under DAICS™, please refer to Appendix 3)

In response to the common global effort to achieve net zero emission by 2030 and 2050 agenda for the 17 sustainable development goals (SDGs) by United Nations, IX Asia Indexes anticipates that more tokenisation will adopt the SDGs. Our vision is that ESG and sustainability is more than environmental impact, which also includes sustainable growth and development, good governance, better social impact and community engagement. To promote this, the DAICS™ introduces “green” labelling for cryptocurrencies that adhere to the principle of sustainability by employing energy efficient protocol or making an active effort in minimising environmental damages. Under the ABT cataegory, a “Green Economy” asset type is introduced for token that represent ownership of the projects that ahere to the United Nations 17 sustanable development goals. An index which can represent the Asia Pacific Green Economy is also under study.

To complement with the DAICS™” launch, a IX Infrastructure Crypto Index will be launched and available hourly 7×24 on the official website https://ix-index.com/ after the third quarter end index review. A reference on the weightings among the different crypto industry sectors are shown in Appendix 4.

For further information regarding the methodology of the DAICS™, please refer the “IX Digital Asset Industry Classification System- principle and guilding methodology” available on the company website.

Appendix 1

The structure of DAICS™

Appendix 2

IX Digital Asset Industry Classification System (“DAICS™”)


Appendix 3

Classification of top 50 coins by Market Capitalisation *

Catagory Industry Sector Cryptocurrencies
Cryptocurrencies Payment:

Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment BTC

XRP

ADAG

LTC

CRO

XLM

XMR

BCH

BSV

ZEC

Stablecoin USDT

USDC

BUSD

DAI

TUSD

Infrastructure:

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc.

Application Development Protocol and Smart Contract ETHG

SOL

AVAX

TRX

ETC

NEAR

FLOW

ALGOG

ICP

XTZG

HBARG

EOS

Interoperability DOT

LINK

ATOM

QNT

Scaling MATIC EGLD
Supporting System HNT
Financial services:

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services

Exchange Tokens BNB

UNI

LEO

FTT

OKB

Lending and Borrowing AAVE MKR
Tech & Data:

Provision of data management and storage, and development of innovative crypto technology

File storage & Sharing VET FIL
Media & Entertainment:

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media DOGE SHIB
Streaming THETA
Gaming APE AXS
Metaverse MANA SAND

Note: Note: G as ‘Green’ labelling for cryptocurrencies that adhere to the principles of sustainability.

Appendix 3

Catagory Asset Type Branch
Asset-Backed Tokens Culture:

Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.

Art
Sports
Festive Collectibles
Design IPs
Drama and Play IPs
Real Estate:

Assets that mainly derived its valuation from property, real estate, and land

Commercial Property
Residential Property
Governmental Property
Residential and Commercial Land
Financials:

Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi).

Tokenised Securities (Company Securities, ETF)
Tokenised Debts
Tokenised REITs
Entertainment:

Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, events and programs, and souvenir collectibles that is derived from the above areas

Movies
Songs
Concerts
All Other Entertainment Events and Collectibles
Natural Resources:

Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals.

Precious Metals
Agricultural
Energy
Metals
Green Economy:

Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives.

No Poverty & Zero Hunger
Good Health and Well-Being
Quality Education
Gender Equality
Clean Water and Sanitation/Affordable And Clean Energy
Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals
Reduced inequalities/ Peace, Justice and Strong Institutions
Sustainable Cities and Communities/Responsible Consumption and Production
Climate Action
Life Below Water & Life on Land

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

Appendix 4

Sector Weighting of the Classification System*

Industry Weighting (%)
Payment 61.50
Infrastructure 28.45
Financial Services 7.16
Tech & Data 0.43
Media & Entertainment 2.46

*Based on 10 August 2022

Hashtag: #IXAsiaIndexes

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

About IX Asia Indexes

IX Asia Indexes Company Limited (“IX Asia Indexes”) is the leading alternative asset index compilers in Asia. Its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. It is missioned to bring transparency and standardization to the digital asset and tokenisation world through building an investment-grade and rules-based benchmarks.

IX Asia Indexes launched the award winning ixCrypto Index (IXCI) in 2018, followed by two new Indexes ixBitcoin (IXBI) and ixEthereum (IXEI) Index under the ixCrypto Index Series in early 2021. The company won 2019 and 2021 ETNET Fintech Award under Wealth Investment and Management catagory. IX Asia Indexes also won two awards of “Startup of the Year” and Big Data from Hong Kong Fintech Development Awards 2022 hosted by Metro Finance and co-organized by KPMG. ixCrypto Index Series is currently available in 85 countries via Nasdaq and IX Asia Indexes Company data feed to Bloomberg, Reuters, banks institutions and information vendors. 14 real time indexes are disseminated every 5-second for 7×24 since 23 June 2022. In response to growing investors demand for exposure to boarder crypto market and diverisification, IX Asia indexes launched 6 new IX Crypto Portfolio Indexes in August 2022.

For more information, please visit

About IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenisation Advisory Committee (“Advisory Committee”) is to pursue the goal and vision to formulate a standard for global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guideline and reference for tokenization in terms of infrastructure, business financial stability, sustainability, internal control and classification. The Advisory Committee is comprised of industry recognised leaders from blockchain consultancy, sustainable projects and field in Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and

references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit https://ix-index.com/tokenization-committee.html

S P Jain announces a new Global MBA Scholarship for Singaporeans

SINGAPORE – Media OutReach – 21 September 2022 – Australian business school S P Jain School of Global Management announced today the launch of a new scholarship for Singaporean citizens applying for the February 2023 and June 2023 intakes of the Global MBA program.

The Singapore Scholarship Award covers 100% of S P Jain’s Global MBA course fee (including tuition and registration fees) and includes a bursary of SDG 5,000 (towards travel and living expenses).

The Global MBA program at S P Jain is a 1-year full-time MBA that has been ranked #12 in the world by Forbes in its ranking of the world’s top 1-year international MBA programs (2019-21). The program has also been featured in international MBA rankings by the Financial Times, Times Higher Education-Wall Street Journal and The Economist.

A key highlight of the Global MBA program is that students study at two or more of S P Jain’s international campuses gaining exposure to varied cultural, business and political environments. Students opting for the February 2023 intake of the Global MBA program will study at the school’s campuses in Singapore and Dubai, whereas students opting for the June 2023 intake will study in Singapore, Sydney and Dubai.

“When it comes to competing for global jobs, our graduates enjoy the unique experience of having lived and studied in two or three of the world’s top business cities. At each location, they participate in projects, out-of-class activities, guest lectures, interact with business leaders and thinkers and go on cultural tours. They gain first-hand knowledge of how to operate in a global business environment—a skill that recruiters love and value,” shares Dr Balakrishna Grandhi, Dean of the Global MBA and Master of Global Business programs at S P Jain.

Speaking of the new Singapore Scholarship Award, Dr Grandhi shares, “The Singapore Scholarship Award is an exciting addition to our efforts to advance diversity, equity, and inclusion within the S P Jain community. With this new scholarship, we aim to nurture outstanding Singaporean students who can make significant contributions to the business community.

We are thrilled to support the journey of students who are passionate about their career and look forward to seeing how this scholarship and the S P Jain Global MBA program make a huge difference in their lives and empower them to become global leaders of tomorrow”.

The selection for the Singapore Scholarship Award is a rigorous process consisting of an application review, scholarship essay, interviews / presentations and participation in S P Jain’s Global Business Innovation Challenge. Qualified candidates must have an undergraduate degree and a minimum of three years of full-time work experience. They must demonstrate an all-round excellence in their application and interview and meet the S P Jain Global MBA admission criteria as detailed here.

Admissions are currently open to the February and June 2023 intakes of the program. For more information on the scholarship and application process, visit: https://www.spjain.sg/programs/postgraduate/mba/lp/singapore-scholarship-award.

Note 1: The Singapore Scholarship Award covers 100% of S P Jain’s Global MBA tuition and registration fees. Course materials, global learning, visa, insurance and accommodation/living costs must be borne by the student.

Note 2: The February 2023 intake of the Global MBA program will be offered in a twin-city format (Singapore + Dubai), whereas the June 2023 intake of the program will be offered in a tri-city format (Singapore + Sydney + Dubai).

Hashtag: #SPJainSchoolofGlobalManagement

ABOUT S P JAIN SCHOOL OF GLOBAL MANAGEMENT (S P JAIN )

S P Jain School of Global Management is an Australian business school that provides modern, relevant and practical global business education. With campuses in the dynamic business hubs of Dubai, Mumbai, Singapore and Sydney, S P Jain is renowned for its multi-city undergraduate and postgraduate programs as well as doctoral, executive and short-term online programs. For its flagship Global MBA program, the School has been ranked by reputed international publications such as , , and .

S P Jain Global is registered as an Institute of Higher Education by the Australian Government’s Tertiary Education Quality and Standards Agency (TEQSA). Upon graduation, students receive a degree conferred by S P Jain School of Global Management, Australia. The School is registered as a Private Education Institute (PEI) by the Committee for Private Education (CPE), Skills Future, Singapore, and permitted by the Knowledge and Human Development Authority (KHDA), Government of Dubai, UAE. Click to read more.

Name of PEI (Private Education Institution): S P Jain School of Global Management. Committee for Private Education (CPE) is part of Skills Future Singapore (SSG) Registration Number of PEI: 200516544Z | Period of Registration: 09 May 2017 to 08 May 2023.

Yonyou Launches the Next-Gen Cloud ERP – Yonyou BIP for Global Market

BANGKOK, THAILAND – Media OutReach – 21 September 2022 – Enterprise software provider Yonyou Network Technology(600588.SS)(hereinafter referred to as ‘Yonyou’) today unveils the latest business innovation platform – Yonyou BIP in Bangkok, Thailand, which marked as the launch of company’s next-gen cloud ERP product for overseas users.

Bowen Guo, General Manager of Yonyou Overseas Business Unit shook hands with Zeng Xingyun, President , Huawei Cloud APAC on Yonyou BIP Product Launch.

Bowen Guo, General Manager of Yonyou Overseas Business Unit shook hands with Zeng Xingyun, President , Huawei Cloud APAC on Yonyou BIP Product Launch.

‘Traditionally, companies can only adopt legacy ERP system for digitalization. The system is slow, expensive, complicated and difficult to replace, and I know that lots of large companies have kept using the same old management system for more than 20 years, holding back their business growth,’ says Bowen Guo, General Manager of Overseas Business Unit of Yonyou. ‘Yonyou believes that the future of enterprise management is more than ERP, empowering enterprises digital transformation and digital intelligence.’

Yonyou brought forward the concept of BIP (Business Innovation Platform) as the next-gen ERP in 2017. Yonyou BIP removes the common barriers in digital transformation journey, connect enterprises through industrial internet and empower business innovation. Leveraging cloud-native technology, Yonyou develops two product lines under Yonyou BIP, in which YonBIP offers all-rounded easy-to-use solutions for large enterprises and YonSuite provides a cloud service platform for small and mid-sized enterprises, meeting different business needs and finishing upgrade in cloud like in App Store.

Yonyou attended Huawei Connect 2022 in Bangkok as Huawei Cloud’s Partner, where Yonyou BIP was launched after the speech.

The newly launched Yonyou BIP highlights the upgraded architecture ‘1+3+X’, shifting from ‘All-in-One Suite’ to ‘Integrated Service Cluster’. Based on the iuap PaaS platform, the first cloud-native PaaS platform in China, Yonyou BIP showcases three cloud service clusters including HR, Business and Finance, covering ten major line-of-businesses: sales and marketing, purchase, manufacturing, supply chain, financial service, finance, HR, collaboration, project management, and R&D. In recent years, Yonyou is quickly building its ecosystem with increasing business partnerships in ISV, banks, technology, professional services, etc.

Yonyou also establishes a new data center in Singapore this year to support the business development of Yonyou BIP. With 11 certifications from worldwide security authorities such as ISO 27001, EAL3+ and CSA STAR, Yonyou greatly improves data security and enhances data storage capability by data deployment overseas.

Hashtag: #Yonyou

About Yonyou

‘Founded in 1988, Yonyou has been leading the enterprise services market for 34 years. Yonyou is currently the No. 1 B2B SaaS enterprise service provider in China,’ says Bowen Guo. ‘This year, Yonyou continues to expand the global market and empower more enterprises to achieve business innovation.’

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ViewQwest hosts security discussion for top IT leaders in the Philippines

C-level roundtable session focuses on critical IT security concerns and challenges

MANILA, PHILIPPINES – Media OutReach – 21 September 2022 – Regional telecommunications and network solutions provider ViewQwest recently hosted an exclusive C-level roundtable discussion with IT leaders in the Philippines, focusing on the country’s rapidly evolving network and security landscape and the support required as it forges ahead with its digitalisation agenda. The discussion was moderated by Charmaine Valmonte, Chief Information Security Officer of the Aboitiz Group and attended by CIOs, CTOs, CISOs and senior IT executives from some of the top enterprises in the Philippines, in sectors such as banking, insurance, retail, energy, manufacturing, BPO and others.

The event was organised in partnership with The Ortus Club, a part of its global knowledge-sharing event series where decision-makers come together to discuss key focus topics. ViewQwest was represented by its Chief Executive Officer Vignesa Moorthy, Chief Marketing Officer Jurist Francisco-Gamban and members of the ViewQwest Philippines team.

During the roundtable, the participants focused on the critical IT concerns and challenges their organisations faced amidst implementing digitalisation. These include keeping IT costs in check while improving network security and performance, implementing network and security integration, compliance with data sovereignty and residency, and managing multivendor complexity. In addition, the participants were keen to discover best practices in balancing a customer-centric experience while maintaining strong security, addressing standards compliance of cloud-based security and its integration with current on-premise solutions, and communicating the value of security to their Board of Directors.

Vignesa Moorthy, Chief Executive Officer of ViewQwest, commented: “With fast-growing adoption of digital technologies in the country and the pervasiveness of archipelago-wide enterprise networks ranging from large offices and branches to small neighbourhood outlets, ViewQwest has found a strong demand for our bespoke approach to network and security transformation in the Philippines. We have leveraged our network expertise and global carrier relationships as a fixed network telco to deliver integrated managed network and security solutions in the country, in partnership with global cybersecurity leaders.” Since entering the Philippine market in 2019, ViewQwest has grown its clientele and now supports the needs of top Philippines enterprises such as LBC Express, Philippine Airlines, East West Bank and the Development Bank of the Philippines.

For more details on ViewQwest, please visit https://corporate.viewqwest.com/

Hashtag: #ViewQwest

About ViewQwest

Established in 2001, ViewQwest is a leading telecommunications service provider of domestic and global connectivity, managed SASE, SD-WAN and other network and security solutions. It has been consistently recognised as Singapore’s fastest Fixed Network Provider in 2018, 2019, 2020, 2021 and 2022 by Ookla Speedtest Intelligence. In 2021, Ookla also named ViewQwest the Most Consistent Fixed Network in Singapore.

In 2016, ViewQwest expanded into Malaysia as a fully licensed operator with Network Facility Provider (NFP), Network Service Provider (NSP) and Application Service Provider (ASP) licences. In 2019, it commenced commercial operations in the Philippines and, in 2022, expanded into Hong Kong to further extend its market coverage for Managed SASE, SD-WAN and cybersecurity solutions.

For more information, visit .