• AC Energy subsidiary to enter a joint venture with NEFIN to develop, construct, and operate rooftop solar projects across Asia
• Primary infusion of US$ 10 million investment, with commitment of further funding for pipeline projects
• Geographies covered include Hong Kong, Malaysia, China, and Taiwan, with potential expansion to other Australasian countries

HONG KONG SAR – Media OutReach – 5 August 2021 – AC Energy Corporation (ACEN), through its wholly-owned subsidiary, AC Renewables International (ACRI), has obtained board approval* to enter into a joint venture with NEFIN Holding Limited (NEFIN), a leading solar photovoltaic developer and investor in carbon neutrality solutions. ACEN and NEFIN will establish a 50/50 joint venture holding company that will develop, construct, and operate rooftop solar projects across Asia.



The joint venture will own 21 MW of operating assets and has a robust near-term project pipeline. NEFIN, as an expert in rooftop solar PV system engineering and management, has collectively delivered over 300 MW of utility-scale, commercial, and industrial solar PV systems for itself and its clients. Philippine-based power company, ACEN, has one of the highest renewables share capacities in Southeast Asia after pivoting to a lower carbon portfolio by developing more renewable energy projects, and a planned divestment of coal assets. ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, and the company is on track to achieve its goal of reaching 5,000 MW of renewables capacity by 2025. The partnership between ACEN and NEFIN is a natural fit, with both businesses anchored on sustainability and with growing renewable energy capacity.

ACRI’s investment into the joint venture vehicle will be via a primary infusion of an initial US$ 10 million of fresh funds which will be used to construct near-term projects over the coming years. ACRI will also commit to further expand its funding for the development and construction of the rest of the joint venture’s carbon neutrality pipeline.

“We expect distributed power generation to be an increasingly important pillar of the global energy transition,” said Patrice Clausse, Director of ACRI and COO of ACEN. “We are delighted to announce our partnership with NEFIN in what will be AC Energy’s first foray into rooftop solar projects as we look forward to roll out more projects throughout the region.”

Glenn Lim, CEO and co-founder of NEFIN, adds, “It is our pleasure to partner with ACEN, who shares the same vision with NEFIN. In the coming future, we will strive to achieve carbon neutrality with more global business partners using innovative methods to play our part to achieve a green recovery for a sustainable world together.”

ACEN, together with NEFIN, has a strong commitment towards sustainability which is aligned with the UN Sustainable Development Goals. Guided by ACEN’s Environmental & Social (E&S) policy on having a low carbon portfolio by 2030, protecting the environment and investing in communities, and NEFIN’s emphasis on ESG principles in investments, the joint venture plans to invest in socially responsible and commercially viable projects through innovative technological approaches that assist corporations to achieve a green recovery as economies pick up after the pandemic.

DBS Bank Ltd. is the sole financial advisor for NEFIN for this transaction.

* Subject to long form definitive documentation

About AC Energy

AC Energy Corporation (PSE: ACEN) is the listed energy platform of the Ayala Group. The company has ~1,200 MW of attributable capacity in the Philippines. This is expected to increase with completion of the infusion of AC Energy International, which has ~1,400 MW of attributable capacity. AC Energy’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. www.acenergy.com.ph

About NEFIN Group

NEFIN Group is a regional renowned carbon neutrality solutions provider and investor with a bespoke unified energy management platform committed to achieve carbon neutrality for organizations. Founded by a core management team member of DuPont Solar Business, the management team has grown into a well-rounded team of engineers, legal experts, investment bankers, and techno-commercial experts with the combined experience of over 40+ years of project development in Asia and 50+ years of engineering experience. NEFIN Group has collectively delivered over 300 MW of utility-scale, commercial, and industrial rooftop solar systems regionally. As a strong cohesive team, NEFIN Group is able to offer a comprehensive 360-degree assessment and full suite of services on socially responsible and commercially viable projects through innovative approaches to technology under its unified energy management platform. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN’s website www.nefinco.com for more information.

#ACEnergy #NEFIN

SINGAPORE – Media OutReach – 4 August 2021 – M1 Limited (M1) has launched its True 5G network in an exclusive market trial, allowing both its existing and new mobile customers to enjoy the enhanced benefits of the most advanced 5G Standalone (SA) technology in Singapore today. As the first telco in Singapore to embark on 5G trials back in 2018, M1 Limited is a front-runner in the development of Singapore’s 5G SA network. Unlike the 5G Non-Standalone (NSA) launched in 2020, the True 5G SA operates independently of 4G network infrastructure. With 5Go Boosters starting as low as $5 per month, customers can now enjoy an enhanced and secured suite of capabilities.

M1’s True 5G network allows both existing and new mobile customers to enjoy the benefits of the most advanced 5G Standalone (SA) technology in Singapore. As part of an exclusive market trial, customers can now experience the power of True 5G by simply adding on a booster pack to their existing mobile plan. From faster speeds to enhanced connectivity, this launch aims to enhance digital experiences for all.

The Ability to Live, Work & Connect Better

The True 5G experience delivers faster speeds, close to real-time network responses and enhanced connectivity. Besides being 10 times faster than the 4G network, 4 times quicker than the 5G NSA network, and 50% more responsive than both the aforementioned, True 5G supports lag-free surfing and multiple device connectivity without compromising its speed and quality.

Given its enhanced capabilities, innovative and diversified digital experiences such as 5G cloud gaming, real-time interactive streaming and entertainment, as well as immersive Augmented Reality (AR) and Virtual Reality (VR) applications can be enjoyed very soon. In fact, the True 5G experience will support revolutionary applications and new business opportunities across a range of industries from robotics to maritime.

The benefits of signing up with one of the leading digital services providers in Singapore do not end there. Customers can enjoy an elevated call experience via the world’s first Voice over 5G New Radio (VoNR) service on M1’s 5G SA network that reinforces the experience of crystal clear high-definition voice calls, improved productivity with 5G speeds on data-driven activities throughout the duration of the calls as well as faster call setup time.

Front-runners in Singapore’s 5G Development

M1 is working closely with some of Singapore’s most exciting enterprises and SMEs to reimagine and redefine how businesses can leverage 5G to boost efficiency, fast-track innovation, and meet customer demands. Working in close synergy with its key shareholder, Keppel Corporation, M1 will continue to explore and develop more 5G-enabled business opportunities and collaborations across the Keppel group of businesses and open up limitless possibilities for corporations.

Realise the Full Power of True 5G

To kickstart your move to 5G, add the 5Go Plus Booster to your mobile plans either online and in-store. Available at a discounted price starting from $5/mth, in line with its exclusive launch promotion, users will get to enjoy the service till the end of 2021. Sign up today and get at least 3 months of complimentary access and a True 5G SA SIM Card delivered to your doorstep for free upon subscription. Head over to M1 and browse their updated list of 5G SA compatible mobile phones to revel in the power of 5G.

About M1

M1, a subsidiary of Keppel Corporation, is Singapore’s first digital network operator, providing a suite of communications services, including mobile, fixed line, and fibre offerings to over two million customers.

Since the launch of its commercial services in 1997, M1 has achieved many firsts – becoming one of the first operators to be awarded one of Singapore’s two nationwide 5G standalone network licences, being the first operator to offer nationwide 4G service, ultra-high-speed fixed broadband, fixed voice, and other services on the Next Generation Nationwide Broadband Network (NGNBN).

M1’s mission is to drive transformation and evolution in Singapore’s telecommunications landscape through cutting-edge technology and its made-to-measure offerings. For more information, visit www.m1.com.sg

Facebook: https://www.facebook.com/m1limited

LinkedIn: https://www.linkedin.com/company/m1-limited

Instagram: https://www.instagram.com/m1.sg

Twitter: https://twitter.com/m1singapore

#M1

Trend Micro Cyber Risk Index shows organizations are at an elevated risk of attack

HONG KONG SAR – Media OutReach – 4 August 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today revealed that the risk of cyber attacks has increased in the last year. According to a new survey, 80% of global organizations report they are likely to experience a data breach that impacts customer data in the next 12 months.

The findings come from Trend Micro’s biannual Cyber Risk Index (CRI) report, which measures the gap between respondents’ cybersecurity preparedness versus their likelihood of being attacked. In the first half of 2021 the CRI surveyed more than 3,600 businesses of all sizes and industries across North America, Europe, Asia-Pacific, and Latin America.

Read the full report, produced by the Ponemon Institute, here: https://www.trendmicro.com/cyberrisk.

The CRI is based on a numerical scale of -10 to 10, with -10 representing the highest level of risk. The current global index stands at -0.42, a slight increase on last year which indicates an “elevated” risk.

“Once again we’ve found plenty to keep CISOs awake at night, from operational and infrastructure risks to data protection, threat activity and human-shaped challenges,” said Tony Lee, Head of Consulting, Hong Kong and Macau, of Trend Micro. “To lower cyber risk, organizations must be better prepared by going back to basics, identifying the critical data most at risk, focusing on the threats that matter most to their business, and delivering multi-layered protection from comprehensive, connected platforms.”

Organizations ranked the top three negative consequences of an attack as customer churn, lost IP and critical infrastructure damage/disruption.

Key findings from the report include:

• 86% said it was somewhat to very likely that they’d suffer serious cyber-attacks in the next 12 months, compared to 83% last time
• 24% suffered 7+ cyber attacks that infiltrated networks/systems, versus 23% in the previous report.
• 21% had 7+ breaches of information assets, versus 19% in the previous report.
• 20% of respondents said they’d suffered 7+ breaches of customer data over the past year, up from 17% in the last report.

“Trend Micro’s CRI continues to be a helpful tool to help companies better understand their cyber risk,” said Dr. Larry Ponemon, CEO for the Ponemon Institute. “Businesses globally can use this resource to prioritize their security strategy and focus their resources to best manage their cyber risk. This type of resource is increasingly useful as harmful security incidents continue to be a challenge for businesses of all sizes and industries.”

Among the top two infrastructure risks was cloud computing. Global organizations gave it a  6.77, ranking it as an elevated risk on the index’s 10-point scale. Many respondents admitted they spend “considerable resources” managing third party risks like cloud providers.

The top cyber risks highlighted in the report were as follows:

• Man-in-the-middle attacks
• Ransomware
• Phishing and social engineering
• Fileless attack
• Botnets

The top security risks to infrastructure remain the same as last year, and include organizational misalignment and complexity, as well as cloud computing infrastructure and providers. In addition, respondents identified customer turnover, lost intellectual property and disruption or damages to critical infrastructure as key operational risks for organizations globally.

The main challenges for cybersecurity preparedness include limitations for security leaders who lack the authority and resources to achieve a strong security posture, as well as organizations struggling to enable security technologies that are sufficient to protect their data assets and IT infrastructure.

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk

#TrendMicro