• Continuous investments have bolstered DHL’s aviation network and ground facilities in the past year, enabling it to support new trade demands and the traditional peak season spike
• The company saw 6% more international shipments move between Asia Pacific and other continents through its network, comparing the first nine months of 2023 and 2024

SINGAPORE – Media OutReach Newswire – 17 December 2024 – DHL Express, has bolstered its aviation network and ground facilities with significant enhancements across Asia Pacific in the past year. Comparing the first three quarters of 2023 and 2024, DHL Express moved around 6% more shipments between Asia Pacific and the rest of the world this year, proving that Asia Pacific will continue to play a bigger vital role in global trade. Amplifying its regional connectivity and efficiency enables DHL Express to cater to new poles of trade growth emerging across Asia Pacific driven by supply chain diversification and geographic tailwinds.

Ken Lee, CEO for Asia Pacific, DHL Express said, “Asia Pacific markets are facing significant growth boosted by diversification of global supply chains, structural tailwinds and e-commerce. Thanks to our forward planning, we are well-positioned to respond to these shifts in demand with the timely and strategic enhancements we have made across the region. These enhancements also put us in an excellent position to support our customers during the traditional peak season where consumer e-commerce traffic will spike.”

Responding to Southeast Asia’s growth demand

Southeast Asia is a rising star in global trade. With its young and skilled workforce, several trade agreements, and focus on innovation, the region is attractive and one of the fastest-growing destinations for international traders looking to diversify their supply chains.

In the past year, DHL Express has expanded several key facilities in the region to keep pace with increased trade. It upgraded the South Asia Hub located by Changi Airport, Singapore to cater for anticipated volume growth, which stood at more than 20% in 2021 and 2022. Playing an essential role in DHL Express’s multi-hub strategy for Asia Pacific, the South Asia Hub leverages Singapore’s position as a key logistics hub to serve shipments destined for Europe, Americas, Asia and Oceania. Upgrades to the Hub include the deployment of new X-ray screening machines that raise scanning capacity by close to 30% and enhancements made to the existing material handling system that increase sorting capacity by almost 40%.

South Asia Hub is also home to five DHL-owned Boeing 777 freighters operated by Singapore Airlines under a crew and maintenance agreement. These aircraft offer an additional payload capacity of over 1,200 tons, optimizing transit times between the Americas and Asia, as well as bridging trade between the continents. The new Boeing 777s consume 18% less carbon emissions compared to the legacy B747-400s – reducing DHL’s Scope 1 emissions.

In October 2024, DHL Express opened the advanced gateway in Kuala Lumpur, firmly supporting Malaysia’s prominence as a sourcing destination, particularly for electric and electronics manufacturing. With an investment of around EUR60 million, the expanded facility spans over 13,000 square meters, and is equipped with a fully automated sorting system. It is also constructed in accordance with DHL Group’s guidelines for a carbon-neutral building, where solar panels, energy-efficient systems for water and electricity are installed across the complex.

The regional upgrades also include reinforcing the company’s network across high-demand trade routes. In September, a new direct flight from Hong Kong to Jakarta was introduced to further improve transit time and customer service quality. Businesses and consumers in Indonesia stand to benefit from faster deliveries of their intra-Asia Pacific shipments and more trade opportunities with Asian partners.

Peter Bardens, Senior Vice President for Network Operations & Aviation – Asia Pacific, DHL Express said, “We take a proactive approach to continuously adapt our network and enhance our service quality. Our customers today have diverse needs, and our robust international network will help connect them to global markets and drive new growth opportunities in the region. International trade remains integral to the world economy and we will continue to play a central role to that.”

Strengthening Oceania’s connectivity for international trade

Oceania’s export-driven economy is strongly supported by the company’s modern logistics networks and efficient customs procedures. To help customers better leverage the region’s opportunities and trade routes to its Asia-Pacific counterparts, a dedicated flight route now operates between Sydney and Hong Kong to further enhance connectivity from the Oceania region. Upon shipment arrival in Hong Kong, it offers next-day delivery services to Mainland China, India, Korea, Japan, Malaysia, Taiwan, Thailand, Philippines, and Vietnam.

Besides additional air cargo capacity, DHL Express has also commissioned two ground facilities in Adelaide and Newcastle in the last 12 months.

The company cemented its presence in Australia with a recently opened gateway in Adelaide. Re-located nearer to the airport, the enlarged facility’s peak facility handling capacity has increased fourfold and it improves transit times for outbound shipments to Asia Pacific, Europe and the U.K. by a day. It will also help local businesses gain direct air freight access into and out of Adelaide and South Australia, reducing the need to rely on other Australian ports. In addition, DHL Express has established a new multi-million dollar service center in Newcastle that is more than 10 times larger than the previous site. The infrastructure will help businesses in the region export their products to international markets and access a wider range of imports for their supply chains.

DHL Express will also open a new gateway in Christchurch, New Zealand, as it further extends its footprint in the country. As the largest investment ever made in the country, the facility will be DHL Express’s first 100% carbon-neutral facility in New Zealand. Its line sorter conveyor system, capable of processing up to 6,500 parcels per hour for inbound shipments and 5,600 parcels per hour for outbound shipments, will enable local Kiwi businesses to import and export more efficiently.

Scaling network capacity in North, East and South Asia to accelerate trade

Hong Kong is a crucial gateway for trade between mainland China and the rest of the world. DHL Express has inaugurated its Hong Kong West Service Center to further enhance the special administrative region’s connectivity as the city gears up to meet growing trade demand. The facility can handle over 50,000 shipments a day and has earned the LEED gold status – a globally recognized green building certification program.

In the first quarter of 2024, DHL Express and Japan Airlines also strengthened their partnership with a wider air network connecting Japan, Seoul, Shanghai, and Taipei. This demonstrates DHL Express’s ability to be agile and commitment to raising service reliability and efficiency standards.

As a popular multi-shoring destination, India’s overall exports continue to trend upwards, attaining a growth of 1.23% between November 2022 and 2023. According to the latest DHL Global Connectedness Tracker, India is also one of the countries with the largest increases in its share of world trade. Recognizing the need to cater to the growing demand for logistics services, DHL Express invested and opened its first automatic shipment shorting hub in New Delhi, India. This investment caters to local businesses’ desire to export seamlessly to foreign markets.
Hashtag: #DHLExpress #NetworkOperations #Aviation #Investments

https://group.dhl.com/en.html
https://www.linkedin.com/company/dhlexpress/
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https://www.facebook.com/DHLexpress/

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

SINGAPORE – Media OutReach Newswire – 17 December 2024 – FBS, a leading global broker, has just launched its promotional campaign Happy New Trade. The promo is designed to help traders turn their New Year’s resolutions into reality. Running until January 26, 2025, the campaign offers participants the chance to achieve more, with exclusive rewards and thrilling opportunities waiting at every level.

The Happy New Trade promo transforms trading into a rewarding journey with guaranteed gifts and a fantastic raffle. All traders have to do to join is deposit $100 and trade 1 lot, which automatically unlocks their first-level reward. As participants trade more lots, they progress through 20 levels of exclusive prizes and raffle tickets.

At every level, FBS ensures guaranteed prizes, such as TradingView Plus subscriptions, cashback bonuses, and high-end items like:

• Apple Watch Series 10 or Samsung Watch 7
• iPhone 16 Pro Max or Samsung Galaxy S24 Ultra
• Amazing car (up to $50 000)
• Premium car (up to $150 000)
• Luxury car (up to $1 000 000)

Beyond the level-based gifts, the grand raffle will reward 1000 participants with a share of a $150 000 prize pool. Traders earn raffle tickets as they progress through the levels, with each ticket increasing their chances of winning.

In line with its mission to empower traders, FBS provides user-friendly tools, advanced analytics, and seamless platforms that make trading accessible and rewarding. Happy New Trade is more than just a promo campaign; it reflects FBS’s commitment to equipping traders with everything they need to succeed while celebrating their achievements along the way.

The New Year is full of opportunities, and FBS is here to help traders seize them.

Learn more at FBS.com.

Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation, and is intended for informational purposes only. Actual prizes may differ from the stated ones. The organizer reserves the right to select the prize.
Hashtag: #FBS #HappyNewYear #raffle #IPhone #car

https://fbs.com/
https://www.linkedin.com/company/fbs-inc-/
https://twitter.com/FBS_broker
https://www.facebook.com/financefreedomsuccess/
https://www.instagram.com/fbs_forex/

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

About FBS

FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 15 years of experience and over 90 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe.

MELBOURNE, AUSTRALIA – Media OutReach Newswire – 17 December 2024 – Prop-Firms.com has announced the results of its 2025 Prop Trading Awards. The awards highlight the advancements of the new industry, and how prop firms are meeting growing trader demand with instant funding options, dynamic scaling plans, and lower challenge fees, creating more accessible pathways to secure capital.

Evaluating and ranking 30 of the top firms worldwide, the awards focused on challenge fees and rules, trading platform quality, and profit-sharing models. The analysis also prioritised innovative challenge features, add-ons, and market access to reflect trader preferences. These rankings spotlight how firms are adapting to key trends like automated trading tools, diverse market offerings, and faster payout cycles, all of which appeal to modern online traders.

Proprietary trading has exploded in popularity recently, with global interest increasing sixfold over the past four years. In response, prop firms are creating new challenge models to attract traders, from instant funding programs to dynamic scaling plans. By focusing on these trends, the 2025 awards aim to guide traders in navigating a competitive yet rapidly expanding industry.

“This year’s awards demonstrate the massive progress within the proprietary trading space,” said Noam Korbl, Co-Founder of Prop-Firms.com. “The growing focus on trust, firm reliability, and more sophisticated trading tools signals a maturing industry. These rankings are designed to highlight firms that embrace innovation while keeping trader needs front and centre.”

The evaluation process highlighted a shift toward inclusive trading environments. Many firms are now incorporating software for more experienced traders with tools like Expert Advisors for automated strategies. Additionally educational materials like live tutorials and Discord servers have become a critical feature among top-ranking firms.

Another emerging trend is the adoption of flexible challenge parameters, allowing traders to access capital more easily and scale their accounts based on consistent performance. This approach has opened doors for a broader range of traders, from first-time participants to experienced professionals transitioning from traditional CFD trading.

Prop-Firms.com’s awards also spotlighted the importance of accountability in an industry with limited regulation. Firms prioritising clear rules, transparent pricing, and reputable customer support consistently scored higher in the rankings.

For traders seeking more information, visit Prop-Firms.com for a full list of the 2025 winners.

Prop-Firms.com, a trusted authority in proprietary trading firm reviews, helps traders navigate the industry by providing data-driven rankings and expert insights into key trends.
Hashtag: #proptrading #propfirms #financialmarkets #onlinetrading #forex

https://www.prop-firms.com
https://www.linkedin.com/company/prop-firms/
https://x.com/PropCompanies
https://www.facebook.com/propfirmscom
https://www.instagram.com/prop_firms_
https://www.youtube.com/@prop-firms

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

About Prop-Firms.com

Prop-Firms.com, a trusted authority in proprietary trading firm reviews, helps traders navigate the industry by providing data-driven rankings and expert insights into key trends.

SHAH ALAM, MALAYSIA – Media OutReach Newswire – 17 December 2024 – YB Teo Nie Ching, Malaysia’s Deputy Minister of Communications, recently visited BEST Inc Malaysia’s U10 Distribution Center and Shah Alam Supply Chain Warehouse. The visit aimed to explore the latest logistics and supply chain developments and examine how innovative technologies support e-commerce, digital economy growth, and SME development.

During the tour, YB Teo Nie Ching, accompanied by BEST Inc Malaysia’s CEO, Mr. Gavin Lu, observed the application of the DWS (Dynamic Weighing and Scanning) system. This technology integrates weighing, barcode scanning, and volumetric measurement to collect accurate data and upload it in real-time, greatly enhancing operational efficiency.

The team demonstrated how the system handles high volumes of parcels during peak periods and uses big data analytics to streamline processes.

Supporting E-commerce Growth

The Deputy Minister also toured the Shah Alam Supply Chain Warehouse, where she observed the implementation of advanced Warehouse Management Systems (WMS) and smart devices. These technologies enable efficient inventory control, sorting, and order fulfilment, offering clients tailored end-to-end solutions.

The team highlighted how these integrated services empower SMEs to quickly respond to market demands while optimizing costs.

Mr. Gavin Lu expressed gratitude for the Deputy Minister’s visit, stating, “we are inspired by the recognition of our efforts. BEST Inc Malaysia remains committed to innovation in digital and green logistics to support SMEs and drive Malaysia’s economic transformation.”

The visit underscored the importance of collaboration between government and industry. Moving forward, BEST Inc Malaysia will continue advancing digitalization, smart logistics, and sustainability, contributing to Malaysia’s growth in the global economy.

Hashtag: #BESTInc #Logistics #Cargo #BESTCargo #CrossBorder #Fulfillment #百世集团 #百世马来西亚 #百世快递

https://www.best-inc.my
https://www.linkedin.com/company/bestinc/
https://www.facebook.com/BESTExpressMalaysia
https://www.instagram.com/bestexpressmalaysiaofficial/

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

BEST Inc

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-added services, including freight delivery, supply chain management and global logistics services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain.

BEST Inc started its business mapping for Southeast Asia market expansion in 2018. The group completed its express delivery network coverage in Thailand, Vietnam, Malaysia, and Singapore in 2020, and opened up the cross-border logistics network between China and Southeast Asia.

Started with express delivery network in Southeast Asia market, BEST Inc has gradually built-up its global warehouses, cross-border networks, and cargo networks.

• Findings show increasing attention on directors’ compensation from financial institutions
• Retainer fees for board chairs are typically 1.3 times to two times higher than board members

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 December 2024 – Aon plc (NYSE: AON), a leading global professional services firm, announced the findings from the 2024 Director’s Remuneration Report in collaboration with FIDE FORUM, a community of board leaders from the financial industry in Malaysia. The report explores the compensation practices of non-executive directors (NEDs) across financial institutions in Malaysia, delves into key elements such as board structure, composition, tenure and diversity, and analyzes the compensation of NEDs and how it aligns with their roles and responsibilities.

The report revealed the total cost of governance – the amount of compensation made to all board members for financial institutions – varies widely. The cost of governance incurred by participants of the survey ranged from RM 500,000 to RM 3,500,000 and is influenced by factors such as institution type and asset size. Larger organisations, particularly those with assets exceeding RM 100 billion generally incur higher governance costs. On average, the total cost of governance by type of financial institution is:

• Corporate banks – RM 1.2M
• Insurance companies – RM 0.9M
• Investment banks – RM 1.7M
• Islamic banks – RM 1.3M
• Retail banks – RM 1.8M
• Takaful operators – RM 0.8M

The study also found that retainer fees for board chairs are typically 1.3 times to two times higher than those of board members, while meeting allowances are consistent with no distinctions between board chairs and board members. Furthermore, 84 percent of participants do not provide compensation for information meetings, six percent provide compensation for regulatory meetings and 11 percent compensate NEDs for ad-hoc discussions.

In addition, 99 percent of the participants of the survey reported providing insurance to their directors, including directors & officers liability, group term life, group personal accident and travel insurance, while 56 percent provided medical benefits including inpatient, outpatient, dental, optical and wellbeing services. Apart from healthcare, 33 percent of participants reported providing learning and development opportunities that cover conferences and seminar fees, certifications, or online course subscriptions, over and above the training programs facilitated by the institutions.

All participating institutions reported the existence of an audit committee and risk committee, as mandated by Bank Negara Malaysia (BNM), the central bank of Malaysia. However, only 92 percent of participants reported having a nomination committee and remuneration committee, often combined, despite these also being mandated by the BNM. The study found this is due to subsidiaries having these matters settled at a wider group level rather than at the individual institutional level.

Rahul Chawla, partner and head of Talent Solutions for southeast Asia at Aon, “There is increasing demand for quality talent in businesses not only at executive levels, but also at the company board level. Companies need directors who are experts in their respective fields and who can significantly impact the company’s growth and overall corporate governance. However, directors often operate in a very complex environment which not only requires them to leverage diverse skills to provide stewardship but also be open to increasing shareholder and public scrutiny. By understanding these trends, organisations can better align their compensation practices to attract and retain the right directors while contributing to the overall growth and sustainability of their organisation.”

Data from the survey confirmed that boards have good diversity across tenure, gender and age. According to the survey, about 70 percent of institutions have their board chair represented on at least one board committee and 87 percent of boards have at least one woman as director, with 33 percent having three or more women directors on their boards. Additionally, 67 percent of directors are over 60 years old with 13 percent of directors being over 80 years of age. With regard to tenure, 59 percent of independent NEDs served the board for one to six years while 48 percent of non-independent NEDs have tenures ranging from one to nine years. This indicates there is a good mix of new and established directors on boards with new directors who may offer fresh perspectives while directors with longer tenures holding institutional knowledge.

Datuk Kamaruddin Taib, Chairman of FIDE FORUM said, “Across jurisdictions, remuneration policies are closely monitored alongside stringent corporate governance regulations. Directors should be compensated in a manner that preserves the effectiveness of board oversight functions. After all, the primary role of a director is to uphold good governance – not only to ensure institutional performance but [to protect] the interest of all stakeholders which is part of ensuring financial stability that [reinforces] confidence in financial institutions and markets.”

More information about Aon in Asia can be found here.
Hashtag: #Aon

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

About the NED report

The NED report delves into key elements such as board structure, composition, tenure, diversity and remuneration and provides practical guidance for NEDs to ensure their compensation aligns with their roles and responsibilities. A total of 70 FIDE FORUM member institutions completed the survey, representing approximately 70 percent of financial institutions in Malaysia of which 21 percent are listed in Malaysia.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Disclaimer

The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

BANGKOK, THAILAND – Media OutReach Newswire – 17 December 2024 – The ACES Awards 2024 spotlighted Malaysia’s remarkable strides in sustainability, innovation, and community empowerment, placing the nation firmly at the forefront of Asia’s evolving business landscape. With 110 Malaysian nominations among 682 entries from 17 countries—and ultimately 250 finalists—this year’s awards showcase the country’s growing influence, diversity, and drive toward responsible progress.

Among the leaders recognized, Dato’ Indera Mahmud Bin Mohd Nawawi, CEO of Yayasan Pahang, exemplifies visionary stewardship. His success in transforming Yayasan Pahang into a self-sustaining foundation has delivered far-reaching social and economic benefits for Pahang’s people—educational aid, healthcare support, elderly care, environmental projects, and more—while charting a course toward significant revenue growth.

Equally influential, community-centric organizations like Yayasan Bank Rakyat (YBR) and Sarawak Energy demonstrate how corporate missions can elevate entire populations. YBR’s focus on educational access and socio-economic uplift, as well as Sarawak Energy’s wide-ranging Corporate Social Responsibility (CSR) initiatives encompassing education, entrepreneurship, cultural preservation, and environmental restoration, underline how strategic outreach can open doors and transform lives.

Pos Malaysia Berhad’s Green Initiative Award and Air Selangor’s Sustainability Rising Star accolade illustrate how essential service providers can lead the charge in environmental responsibility. By committing to fleet electrification, waste reduction, and renewable energy, Pos Malaysia charts a greener logistical future, while Air Selangor’s long-term investments in water efficiency, climate resilience, and energy innovation ensure sustainable resource management for millions.

Healthcare also takes center stage through Subang Jaya Medical Centre’s groundbreaking community efforts. The hospital’s impactful campaigns, including its rural surgery initiatives and cervical cancer awareness programs, ensure that quality care transcends geographic and socio-economic boundaries.

Meanwhile, engineering and infrastructure enterprises are setting transformative examples. Dhaya Maju Infrastructure (Asia) Sdn Bhd, guided by Datuk Seri (Dr) Subramaniam Pillai, and Pacific Inter-Link Sdn Bhd’s global palm oil supply chain leadership, highlight the value of strategic growth, cutting-edge technologies, and robust ESG frameworks. Vista Infinity Development Sdn Bhd’s versatile contributions to infrastructure, national security, IT, education, and food security round out a list of forward-thinking companies committed to responsible development.

Together, these leaders and companies encapsulate the essence of Malaysia’s ascent: a cohesive vision that merges economic vitality, community well-being, and environmental stewardship. By intertwining innovation with responsibility, Malaysia’s ACES Award recipients chart a path that promises a sustainable, inclusive future for the region and beyond.

Hashtag: #ACESAwards2024 #RegionalRecognition #leadershipexcellence #Sustainability #SustainableCompanies #responsibleleaders #outstandingentrepreneurs

https://www.acesawards.com/

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

About ACES Awards

The ACES Awards, organized by MORS Group, recognize and celebrate the region’s most exemplary leaders, companies, and initiatives. By spotlighting transformative approaches to leadership and corporate excellence, the awards inspire continued innovation, promote sustainable practices, and encourage inclusive growth throughout Asia’s diverse and dynamic business ecosystem.

London, United Kingdom – Newsfile Corp. – December 16, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today shared key updates and milestones featured during its recent investor webinar. These updates underscore the Company’s strong momentum, strategic growth initiatives, and financial stability heading into 2025 and beyond.

Southeast Asia Success

Gorilla has secured a large smart education contract in Southeast Asia. The agreement is currently in the final stages of term discussions, further demonstrating Gorilla’s ability to deliver transformative solutions across critical industries.

Robust Backlog and 2025 Outlook

The Company is set to enter 2025 with a $93 million backlog, excluding additional projects and the Southeast Asia smart education contract. Gorilla projects revenue between $90 million and $100 million in 2025, supported by an EBITDA margin of 20-25%. This strong foundation positions Gorilla for sustainable multi-year growth.

BroadSat Partnership to Deliver Early Wins

Significant progress has been made in Gorilla’s partnership with Boston-based BroadSat. The collaboration is projected to generate $6 to $9 million in revenue within the first 12 months. As the partnership gains traction, annual revenues are expected to exceed $20 million. Both companies are actively bidding on projects exceeding $70 million, leveraging their combined expertise, to deliver innovative AI and connectivity solutions.

Future Growth Focus

Chairman and CEO Jay Chandan emphasized Gorilla’s forward-looking strategy, with a renewed focus on securing contracts that will drive growth in 2026 and beyond. “We are entering 2025 with a rock-solid foundation and an ambitious vision for the years ahead. From the United States, to EMEA to Asia, our strategy is clear: we are here to lead. To our shareholders, I say this: keep your eyes peeled – we are just getting started,” Chandan remarked during the session.

Expansion in the United States

Gorilla is actively bidding on a $70+ million U.S.-based project, alongside other business opportunities, as part of its commitment to expanding its footprint in this key market.

Growing Project Pipeline

With a growing pipeline of $2+ billion in opportunities spanning multiple years, Gorilla is positioned to deliver recurring revenue streams, that underpin its long-term growth strategy.

Share Buyback Program Update

To date, Gorilla has utilized $3.8 million of its $6 million authorized share buyback program. Discussions are underway to extend the program to $9 million, leveraging the Company’s healthy cash reserves and consistent cash generation.

Cash Flow Strength

Consistent cash flow generation enables Gorilla to maintain a strong financial position while supporting lending strategies and avoiding dilution.

Webinar Replay Available

Investors can access the full recording of the webinar with the following link: https://bit.ly/3ZTsMaC

About Gorilla Technology Group Inc.

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

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

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

Forward-Looking Statements

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

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

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

About Gorilla Technology Group Inc.