HONG KONG SAR – Media OutReach – 17 March 2022 – The application period for The IFTA FinTech and Innovation Awards 2021/2022 (the “Awards”) has officially commenced. Organised by the Institute of Financial Technologists of Asia (“IFTA”), the Award is now running for its 4^th year to celebrate the significant achievements made worldwide in the realm of FinTech, and to further recognise more groundbreaking achivements this year, applications are open to both individuals and institutions of different natures.

Themed “Two Worlds, One Goal: The Virtualisation of Reality“, the Awards recognise the important nuances of parallel worlds both physical and virtual, as well as, the role that corporations and individuals play in their development within the economy.The Awards focus on Innovation and Technology, Contribution and Ethics, Professionalism, and Teamwork. A well-rounded evaluation will be conducted for the participants to select those who have shown mastery in balancing both worlds and contributing to the FinTech space in their business operations.

“We recognise achievements worldwide in FinTech innovation, education, R&D, and its applications through its 9 corporate, 3 individual and 1 team award categories.” IFTA Founder and Chairman Mr Paul Pong said, “The awards boast a line-up of elite awardees amongst Hong Kong’s FinTech industry who celebrated one another for furthering social and business innovations, proving that Hong Kong is a leading force in adapting consumer financial technology. In response to the government’s strategy for nurturing and developing FinTech talents, we have also set up a special honorary award category regardingly this year, more details will be announced on the awards website.”

The Awards’ Head Juror Dr Charleston Sin added, “Hong Kong is going to kick off a pipeline of FinTech projects in response to “FinTech 2025″ Strategy, the Awards showcase and acknowledge outstanding corporations and their contributions in driving FinTech development in Hong Kong.”

Since IFTA’s establishment in September 2017, the IFTA has been contributing to the promotion of professional standards within Asia’s FinTech industry. The organisation is known to be a major facilitator of FinTech education and a platform for nurturing new talents. For the past 5 years, the Awards have been recognising companies that have been dedicated to the development of this once emerging, and now maturing industry.

Corporate Achievements in FinTech (for publicly listed companies, private corporates, start-ups and NGOs)

	Categories
1	RegTech
2	InsurTech
3	Payment Tech
4	Blockchain, Cryptocurrency and CEP (Cryptoasset Exchange Providers)
5	Banking Tech
6	WealthTech
7	Metaverse, NFT, And DeFi (Decentralised Finance)
8	ArtTech
9	Others*

* This category awards any innovative project that falls under FinTech, but does not apply to any of the categories above.

Outstanding Financial Technologists of the Year (for individuals and Teams)

Leader of the Year – Recognising company founders, shareholding directors, or C-suite executives for their contributions and achievements.

Rising Star of the Year – Recognising young professionals in any company, on or below age 35 for their contributions and achievements.

Star in the Making – Recognising students (undergraduate or postgraduate) for innovative projects or ideas that could positively transform the FinTech industry.

Team of the Year – Recognising corporate teams/project teams who have made significant contributions within their respective industries through the implementation of FinTech solutions.

The Jury Panel (arranged in alphabetical order of surnames)

Name	Title
Head Juror
Dr Charleston SIN	Executive Director MIT Hong Kong Innovation Node
Vice-chairlady of Jury Panel
Dr Dorothy CHAU	Head of Security Special Projects Cypto.com
Jurors
Mr Alex CHAN	Chief Executive Officer FORMS HK & Thailand
Mr Emil CHAN	Chairman The Association of Cloud and Mobile Computing Professionals
Ir Eric CHAN	Chief Public Mission Officer Hong Kong Cyberport Management Company Limited
Mr Raymond CHAN	CEO & Director Mataverse Securities
Mrs Cindy CHOW	Executive Director Alibaba Entrepreneurs Fund
Mr Eugene HSIA	Chief Corporate Development Officer Hong Kong Science and Technology Parks Corporation
Mr Sean LEE	Co-founder MODO Tech
Dr Paul SIN	Director of Technology & Transformation New World Development Company Limited
Ms Juni YAN	Managing Director Fintech Business, International, WeBank
Prof YIU Siu Ming	Associate Head (Teaching and Learning), Department of Computer Science, The University of Hong Kong

For more information, please visit www.iftaawards.org

About IFTA

The Institute of Financial Technologists of Asia Limited (IFTA) is an NPO established in Hong Kong in September 2017; to uphold the professional standard of Financial Technologists in Asia and create an ecosystem for global fintech talents to be connected. In the witness of HKSAR Government representatives, and the City of London at the signing ceremony, IFTA entered a collaboration agreement with the Certificate in Finance and Technology (CFT) from the United Kingdom to introduce the first CFT program in Asia. Besides delivering certification, IFTA also organises events including boot camps, seminars, and an annual award to accelerate Fintech education and industry engagement among government, regulators, universities, enterprises, and start-ups.

#IFTA

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

HONG KONG SAR – Media OutReach – 17 March 2022 – Razer™ (“Razer” or the “Company”, together with its subsidiaries, the “Group”, Hong Kong Stock Code: 1337), the leading global lifestyle brand for gamers, announces its full year results for the financial year ended 31 December 2021 (“FY2021”).

“As we navigate the uncertainties and challenges attributable to geopolitical tensions, macro environment as well as the ongoing COVID-19 pandemic, we expect the lingering industry-wide supply chain shocks to continue to have an ongoing impact on our business, with freight and logistics to remain a challenge through 2022. On the demand front, we saw a deceleration in the growth momentum for our products and services since the second half of 2021 compared to exceptional growth in the prior year, we expect this trend to continue through 2022 as a result of the high base effect seen in 2021,” said Min-Liang Tan, Co-Founder and CEO of Razer.

“Looking ahead, we will continue to invest into new growth areas and to build out Razer’s unique gaming ecosystem. However, before we start to see the fruits, these growth areas will take time to fully realise and it will require additional spending in our operating expenses and may affect the short- to medium-term business performance.”

Key highlights for FY2021 earnings

COMPANY

• Recorded a revenue of US$1,619.6 million with 33.3% year-on-year growth, driven by demand in first half of 2021 due to the pandemic, market share increase for the Hardware business, and continued expansion of channels and content for the Services business.
• Gross Profit Margin increased to 24.0% from 22.3% in the prior year, driven by ongoing expansion of Hardware margins, partially offset by the sudden spike in freight rates due to industry-wide supply chain and logistics challenges.
• Adjusted EBITDA* (a non-GAAP measure) was US$96.1 million, an increase of 115.5% from US$44.6 million in the prior year.
• Net Profit was US$43.4 million, compared to US$0.8 million in the prior year, driven by revenue growth, ongoing gross margin expansion and productivity improvement.

CORE SEGMENTS

HARDWARE:

• Revenue grew 34.0% year-on-year to US$1,452.4 million.
• Peripherals business maintained its market-leading position in gaming peripherals across the U.S., Europe and Asia-Pacific [1] regions, fueled by the market launch of multiple products across its flagship keyboard and mouse families.
• Systems business has maintained its market leading position in the U.S. premium gaming laptop segment while growing its market share in new markets outside of the U.S. [2]
• Made further inroads to expand its growth categories, particularly gaming chairs, console and broadcaster products.

SOFTWARE:

• Total user accounts increased 44.1% year-on-year to approximately 177.7 million with monthly active users surging by over 30.0%.
• The increase was attributable to strong growth across its Software offerings, boosted by increases in gaming, rewarded play and livestreaming activities.

SERVICES:

• Services business, comprising of Razer Gold and Razer Fintech, grew 26.6% year-on-year to US$162.5 million for the full year 2021
• Gross margin was 38.5% and contributed 16.1% of the Group’s gross profit.

ESG

• Making sustainability key to gaming and reinforced this commitment in 2021 when it introduced its ten-year sustainability plan to protect and preserve the environment through #GoGreenWithRazer.
• The Group has seen significant progress in achieving its ESG goals, including:

  o Upgraded its upcoming sustainability report to GRI Core standards, one of the world’s leading sustainability reporting standards;
  o Made its first disclosure under the Carbon Disclosure Project (“CDP”), ensuring transparency through disclosure of environmental data;
  o Joined the Science Based Targets Initiative with a commitment to set decarbonization targets by keeping to a less than 1.5°C climate scenario and achieving net carbon neutrality by 2030; and
  o Included climate-related risks in Razer’s enterprise risk management process by proactively recognizing and mitigating potential impact from climate-related risks.

• As part of the Group’s effort to galvanize the community to contribute and support its sustainability initiatives, the Group partnered with Conservation International in October 2020 and introduced Sneki Snek campaign. As of January 2022, the Group has saved over 900,000 trees.

OUTLOOK

MACRO CHALLENGES AND UNCERTAINTIES:

• Impact of industry-wide supply chain challenges on business will persist.
• Freight and logistics expected to remain a challenge through the year.
• Deceleration in growth momentum since second half of 2021 to continue through 2022 due to high base effect.

NEW GROWTH AREAS:

• Extension of Hardware offerings to furniture and other gamer lifestyle categories.
• Continued regional expansion for Razer Gold.
• Scaling of TPV and geographical expansion for Razer Fintech.

IMPACT ON BUSINESS PERFORMANCE:

• Additional spending in operating expenses.
• New growth areas will require significant investments.
• New growth areas will take time to prove out business case.

For more details, please refer to the FY2021 results announcement for the results of the Group which are published in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Details of Razer’s ESG initiatives can be found on the website: http://www.razer.com/go-green.

ABOUT RAZER

Razer™ is the world’s leading lifestyle brand for gamers.

The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.

Razer’s award-winning hardware includes high-performance gaming peripherals and Blade gaming laptops.

Razer’s software platform, with over 175 million users, includes Razer Synapse (an Internet of Things platform), Razer Chroma RGB (a proprietary RGB lighting technology system supporting thousands of devices and hundreds of games/apps), and Razer Cortex (a game optimizer and launcher).

Razer also offers payment services for gamers, youth, millennials and Gen Z. Razer Gold is one of the world’s largest game payment services, and Razer Fintech provides fintech services in emerging markets.

Founded in 2005, Razer is dual-headquartered in Irvine (California) and Singapore, with regional headquarters in Hamburg and Shanghai. Razer has 18 offices worldwide and is recognized as the leading brand for gamers in the US, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).

Razer – For Gamers. By Gamers

#Razer

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