The facility will produce renewable fuels with lower carbon emissions than conventional fossil fuels by utilising local feedstock.

SINGAPORE – Media OutReach – 6 December 2021 – Sherdar Australia Bio Refinery Pty Ltd, an Australian-based company, today announced plans to develop a renewable diesel processing and storage facility in the country. When in full operation, the facility aims to produce 500,000 tonnes per annum of renewable fuels with lower carbon emissions than conventional fossil fuels. This will position Australia as one of the major renewable fuel producers and exporters in the world, which is in support of Australia Government Policy to forge a sustainable future.

While the exact location has yet to be announced, the facility will cover more than 20 hectares in land size and will be located close to adequate port infrastructure, as the primary countries for exporting renewable diesel will be the United States and Europe to meet the rising demand of renewable fuels in both regions. Sherdar is currently in the final stages of engineering governmental discussions and receiving relevant approvals for the project.

Some of the considerations in mind in determining the eventual site were availability of supporting infrastructure and sufficient qualified local workforce. This project, estimated to cost 600 million USD, will be looking to hire 120 people for plant operations and will create job opportunities for more than 600 people including raw materials suppliers and those working in logistics.

The facility will adopt the Shell Renewable Refining Process that can input a wide range of animal fat, seed oil and waste greases as feedstock to produce high quality renewable fuels. This advanced technology can process 100% biofeeds into profitable renewable diesel and sustainable aviation fuel with Shell’s hydrotreated vegetable oil (HVO) technology.

Amon Aslanov, CEO of Transasia Minerals Ltd (one of the main project lead drivers) says of the project, “We are eager to get this project started as this will be a huge opportunity for us to establish a hub in Australia for export of renewable diesel to other parts of the world. The benefits of renewable diesel are clear – it is the cleaner and higher performing alternative to petroleum diesel – and this affirms our sustainability commitment to produce renewable fuels with lesser impact to the environment, with Australia as our preferred site location. With the support of the government, we also hope to contribute job opportunities to the local workforce.”

About Sherdar Australia Bio Refinery Pty Ltd

Sherdar Australia Bio Refinery Pty Ltd is a special purpose investment vehicle recently established in Australia by Transasia Minerals group in order to locally develop the Bio Refinery project and be responsible for the full scope of its management and operations.

About TransAsia Minerals Ltd

Transasia Minerals Ltd is a privately owned investment company, with main focus on mining, oil & gas and energy sectors, with head office in Jakarta, Indonesia and representative offices in Singapore and South Africa.

For more information on TransAsia Minerals, please visit: http://www.transasiaminerals.com/home/.

#Sherdar

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

Regional Dialogue to Inspire Youth Leadership Building an Inclusive Society and Developing Social Creativity

HONG KONG SAR – Media OutReach – 6 December 2021 – Co-led by Citi Foundation and the United Nations Development Programme (UNDP) and organized by the Hong Kong Council of Social Service (HKCSS), the 2021 Youth Co:Lab Hong Kong Dialogue took place last week themed “Youth’s Wellbeing and Health”. The event brought together hundreds of educators, social workers, government officials, social entrepreneurs and young people to examine critically the health and wellbeing issues affecting young people in Hong Kong. Various perspectives, ranging from policy, service and social innovation to finding solutions for building a more inclusive and pluralistic society, were explored through online seminars, creative experiential workshops and interactive sharing sessions.

Officiating at the opening session of the Hong Kong Dialogue were: Mr. Chris Fung, Principal Assistant Secretary for Food and Health of the Hong Kong SAR Government; Ms Susan Kwek, Managing Director and Head of Operations & Technology at Citi Hong Kong; Mr. Beniam Gebrezghi, Programme Specialist of Youth and Civic Engagement of the United Nations Development Programme Bangkok Regional Hub; and Mr. Chua Hoi Wai, Chief Executive of the Hong Kong Council of Social Service.

Hong Kong Dialogue is one of 11 Youth Co:Lab national dialogues being held around the region this year. Youth Co:Lab, which was co-created in 2017 by Citi Foundation and the United Nations Development Programme (UNDP), is the largest youth social entrepreneurship movement in Asia Pacific and aims to drive a shared agenda for Asia-Pacific countries to empower young people to accelerate the implementation of the United Nations’ Sustainable Development Goals (SDGs) through leadership, social innovation and entrepreneurship.

Mr. Chris Fung, Principal Assistant Secretary for Food and Health of the Hong Kong SAR Government remarked: “Youth is an exciting yet turbulent stage in life, especially when it is coupled with the unprecedented challenges posed by the COVID-19 pandemic. Therefore, the Government has spared no effort to handle the mental health needs and wellbeing of our young people.

The Government has been adopting an integrated and multi-disciplinary approach towards mental health. Other than treatment, we also focus on promotion, prevention, early identification, timely intervention, and rehabilitation. In doing so, we rely not only on the support of our healthcare professionals, but also of other key stakeholders in the society, including professionals in the social welfare and education sectors.”

Ms Susan Kwek, Managing Director and Head of Operations & Technology, Citi Hong Kong, said: “We are excited to bring Hong Kong Dialogue to the city and to engage youth social entrepreneurs and people from different walks of life together to discuss their opportunities as well as the social challenges that the city is facing. Citi Foundation will continue investing in Youth Co:Lab to reach more young people across the Asia Pacific, to deepen mentorship capacity for youth entrepreneurs through the Springboard program and to engage ecosystem partners in the development of young people’s future skills training.”

Mr. Beniam Gebrezghi, Programme Specialist of Youth and Civic Engagement of the United Nations Development Programme Bangkok Regional Hub, remarked: “The inspirations we receive and actions we take today will ensure we are better placed to respond to the challenges of tomorrow.”

“Under the new normal, it is inevitable that people will be under pressure to adapt to a new lifestyle. We hope the Hong Kong Dialogue can create a platform to bring the issue of youth mental health and well-being to the forefront, and find answers together,” said Mr. Hoi Wai Chua, the Chief Executive of the Hong Kong Council of Social Service. “In recent years, we have noticed young people expressing their aspirations through different creative approaches, engaging in social innovation and community programmes. We hope this year’s Hong Kong Dialogue will showcase the multi-faceted nature of young people.”

Youth Co:Lab “Hong Kong Dialogue” was held from December 3 to 4. The event included a series of online seminars, sharing sessions and creative experiential workshops to explore how young people can prepare themselves to cope with adversity and rise to the challenges of the new normal. It also covered the impact of social innovation and how it can help build a resilient society.

A number of scholars in the field of adolescent mental health were invited to attend the keynote session, including Professor Eric Chen, Chair Professor of the Department of Psychiatry, University of Hong Kong (HKU), and Dr. To Siu Ming, Associate Professor of the Department of Social Work, Chinese University of Hong Kong (CUHK). In the keynote session, the two academics shared their key research findings on the stress and mental health risks young people face in the context of social change, as well as innovative ways in which society can reconnect to its young people.

Young social entrepreneurs from different parts of Asia Pacific and young people with non-mainstream aspirations were invited to share their experiences on how to live out their values through different forms of social innovation and contribute to the promotion of social inclusion and diversity. In addition, a number of local social innovation groups organized a variety of creative experiential workshops, utilizing music, art, and sports to explore issues of youth wellbeing and mental health.

Over the last four years, Youth Co:Lab has been implemented in 28 countries and territories across the region, reaching over 202,000 participants. The initiative has benefitted more than 9,500 young social entrepreneurs and helped launch or improve nearly 1,240 social enterprises. Youth Co:Lab has also established partnerships with more than 200 key ecosystem players to strengthen the Youth Empowerment Alliance.

Photo caption

This year’s Youth Co:Lab “Hong Kong Dialogue”, with the theme of “Youth’s Wellbeing and Health”, has now successfully concluded. The two-day event explored mental health and wellbeing issues faced by young people in Hong Kong from multiple perspectives, and developed a spirit of co-creation, promoting holistic health, and finding appropriate solutions to build an inclusive and pluralistic society.

Officiating guests, facilitator and speakers of the keynote session:

(Upper row from left to right) Mr. Hoi Wai Chua, Chief Executive of the Hong Kong Council of Social Service; Mr Chris Fung, Principal Assistant Secretary for Food and Health, Hong Kong SAR Government; Ms. Susan Kwek, Managing Director & Head of Operations & Technology, Citi Hong Kong and Mr. Beniam Gebrezghi, Programme Specialist of Youth and Civic Engagement, United Nations Development Programme Bangkok Regional Hub.

(Lower row from left to right) Mr. Wong Kin Wai, Anthony, Business Director, HKCSS; Prof. Eric Chen, Chair Professor, Department of Psychiatry, University of Hong Kong; Dr. To Siu Ming, Associate Professor, Department of Social Work, Chinese University of Hong Kong and Mr. Cliff Choi, Business Director, HKCSS.

Citi Foundation

The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com

Hong Kong Council of Social Service (HKCSS)

The Hong Kong Council of Social Service (HKCSS) works to promote a just and inclusive society by promoting collaborative efforts among NGOs in service planning and development, facilitating cross-sectoral partnership, advocating equality, justice, social integration and a caring community. The Council has now become an umbrella organisation of over 490 Agency Members that provide quality social welfare services for those in need through service units all over Hong Kong.

Additional information may be found at www.hkcss.org.hk | Facebook: www.facebook.com/hkcssfans

United Nations Development Programme (UNDP)

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet. Learn more at undp.org or follow at @UNDP

#CitiFoundation #HKCSS # UNDP

HONG KONG SAR – Media OutReach – 6 December 2021 – The 18th World Congress of Chinese Medicine (WCCM), one of the world’s largest academic events in the field of Traditional Chinese Medicine (TCM), was successfully held in Hong Kong for the first time at the Hong Kong Convention and Exhibition Centre on 4 December 2021.

Officiating guests including: the Hon Mrs. Carrie Lam Cheng Yuet-ngor, Chief Executive of the Hong Kong Special Administrative Region, the People’s Republic of China (6th from left), Mr. C Y Leung, GBM, GBS, JP, Vice Chairman of the National Committee of the Chinese People’s Political Consultative Conference, the People’s Republic of China (4th from right), Mr. Tan Tieniu, Vice Director of Liaison Office of the Central People’s Government in the Hong Kong S.A.R. (4th from left), Professor Sophia Chan Siu-chee, JP, Secretary for Food and Health of Hong Kong Special Administrative Region, The People’s Republic of China (3rd from right), Dr. Chui Tak-yi, JP, Under Secretary for Food and Health of Hong Kong Special Administrative Region, The People’s Republic of China (3rd from left), Dr. Ronald Lam, JP, Director of Health of Hong Kong Special Administrative Region, The People’s Republic of China (2nd from left), Dr. Margaret Chan Fung Fu-chun, former Director-General of the World Health Organization (2nd from right), Ms. Feng Jiu, Permanent President of Hong Kong Registered Chinese Medicine Practitioners Association (5th from left), Mr. Tommy Li Ying-sang, Chairman of the Federation of the Hong Kong Chinese Medicine Practitioners and Chinese Medicine Traders Association (1st from right), and Professor Lyu Aiping, Dean of School of Chinese Medicine, Hong Kong Baptist University (1st from left) joined hands to kick off The 18th World Congress of Chinese Medicine.

The 18th World Congress of Chinese Medicine

Thanks to the bidding efforts of the Hong Kong Registered Chinese Medicine Practitioners Association, which is a member of the Hong Kong Convention Ambassador (HKCA) programme, initiated by the Hong Kong Tourism Board (HKTB), in collaboration with the World Federation of Chinese Medicine Societies (WFCMS), the hybrid event attracted more than 2,000 TCM academics and experts, generated over 3.8 million views from over 60 countries and regions.  

As physical gatherings resumed for the first time since the pandemic started, WCCM provided a platform for participants to engage in meaningful dialogue, covering TCM practices, benefits, opportunities and challenges, and the development potential of TCM.

Mr. Ma Jianzhong, President of WFCMS, said, “We are pleased to host this edition of WCCM in Hong Kong for the first time. Embracing Chinese philosophy and culture, Hong Kong is the ideal place for academic and cultural exchanges to explore the way forward for furthering the global development of TCM, and its role in combating the pandemic through collaboration between practitioners and public sectors.”

Mr. Sang Binsheng, Vice President and Secretary General of WFCMS added, “Hong Kong is renowned for being the ‘World’s Meeting Place’ thanks to its globally accessible and convenient transport network, large-scale world-class venues, facilities and professional services. We look forward to gathering again in Hong Kong and navigating the future of TCM development together.”

With its unrivalled fundamentals, Hong Kong is the core international city in the Greater Bay Area, a super-connector in the Belt and Road Initiative, and the ideal platform to promote TCM on the global stage.

HKTB Executive Director Mr Dane Cheng said, “Hong Kong enjoys unique geographical and cultural advantages, and is the ideal destination for international conventions. Many such events have taken place recently, demonstrating Hong Kong’s ability to host large-scale global events safely and efficiently. Apart from TCM, Hong Kong will continue to leverage the city’s advantages as an East-meets-West showcase to promote the very best of Chinese heritage.”

The congress received extensive support from government and industry bodies. The National Administration of TCM and the Hong Kong Food and Health Bureau acted as advisors, and it was organised by the WFCMS, along with the Hong Kong Registered Chinese Medicine Practitioners Association and the WFCM (Hong Kong) Council Members Association as local hosts.

Hong Kong – A World-Class Medical Convention Hub

Hong Kong is a cultural melting pot, bringing together the best that the world has to offer, demonstrating the true definition of ‘East meets West’, even in the field of medicine. With its high global professional standing in medical science, Hong Kong plays a bridging role to contribute to the further development of TCM, as well as many Western medical disciplines.

This winter, the city will also play host to key medical conventions, including the International Annual Congress of the Endoscopic and Laparoscopic Surgeons of Asia (ELSA) 2021, and the Hong Kong International Dental Expo and Symposium (HKIDEAS) 2021, both of which are led by Convention Ambassadors of the two organisations under the HKCA programme.

About the Hong Kong Convention Ambassador (HKCA) programme

Initiated by the HKTB, the HKCA programme brings together distinguished leaders from business and professional bodies to make Hong Kong the premier choice for regional and global meetings, conventions and exhibitions. HKTB provides comprehensive professional support and services to HKCAs, from event planning, bidding and preparation to execution. For more details, visit www.mehongkong.com/hkca.

#HongKongConventionAmbassador

• Following the disposal, the Group intends to strategically diversify into the production and financing of Korean drama and US movies

SINGAPORE – Media OutReach – 6 December 2021 – Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that it has successfully completed the disposal of its subsidiary Zip Cinema Co., Ltd. for S$19.8 million (the “Disposal“).

Following the Disposal, the Group intends to strategically diversify into the production and financing of Korean drama and US movies, which are potentially more profitable than Korean films due to a wider international audience base.

Recent well-known Korean drama productions such as Netflix’s most-watched show ever[1], SQUID GAME (2021) starring rising international Korean star Wi Ha-jun of the Group’s associated company Spackman Media Group Limited (“SMGL“), MY NAME (2021) which is gaining traction following the success of SQUID GAME, and Netflix’s latest Korean blockbuster hit show HELLBOUND (2021), serve as exemplary projects that attract huge viewership not only in the US, but globally. 

In terms of the North American film sector, demand for Korean productions has been burgeoning recently. Oscar-winning Korean film PARASITE (2019) and Oscar-nominated Korean film MINARI (2020) are examples of critically acclaimed films that have captured the hearts of US film critics and international audiences.

Mr. Na Kyoungwon, Executive Director, Chief Operating Officer and President of the Group, said, “Ever since the beginning of the pandemic, there have been many significant changes and developments in regards to how, where and who consumes Korean entertainment content. Korean content is increasingly becoming global, and we feel the need to make significant changes in our overall business model in order to capitalize on this changing landscape. The sale of one of our main production labels and the new focus on K-dramas and international films signal a new start for our Group.”

Leveraging on the popularity and globalization of Korean content, the Disposal will provide the Group with the capital support to look for opportunities to develop, produce and invest into film and drama projects targeted at international audiences.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), founded in 2011 by Charles Spackman, is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world’s fourth largest box office market in 2019, behind only North America, China and Japan.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including HURRICANE BROTHERS (working title).

The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which produced STONE SKIPPING (2020) and THE BOX (2021), and shall release GUARDIAN (working title) in 2021 tentatively.

The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top

directors and provided the camera and lighting equipment some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

#SpackmanEntertainmentGroup