HONG KONG SAR – Media OutReach – 11 July 2021 – AXA Hong Kong and Macau (“AXA”) has always been adhering to the purpose of “Act for human progress by protecting what matters”. We support various meaningful corporate social responsibility (CSR) activities, bringing positive impact to the wider society. Recently, Sally Wan, Chief Executive Officer of AXA Hong Kong and Macau and a group of AXA senior management participated in a beach clean-up activity at Tung Wan, Shek Pik in South Lantau with AXA employees, their families and friends, together with Lance Lau, a Hong Kong-based 12-year-old youth climate activist. AXA volunteers collected 257 kg of coastal wastes and recyclables to protect the environment and combat climate change.

(From left) Andrea Wong, AXA’s Chief Marketing & Customer Officer; Sally Wan, AXA’s Chief Executive Officer; Lance Lau, Hong Kong youth climate activist; Kevin Chor, AXA’s Chief Life and Health Insurance Officer and Isabel Lam, AXA’s Chief People and Corporate Management Officer, took part in the beach clean-up at Tung Wan, Shek Pik in South Lantau with AXA employees and families & friends to combat climate change.

Sally Wan, AXA’s Chief Executive Officer cleaned up all kinds of beach wastes at Tung Wan to call for reducing waste together by making changes in daily life.

AXA volunteers collected 257 kg of waste and recyclables to protect the environment and combat climate change.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 54 markets and serving 105 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers offering integrated solutions across Life, Health and General Insurance, our goal is to be the insurance and holistic wellness partner to the individuals, businesses and community we serve.

At the core of our service commitment is continuous product innovation and customer experience enrichment, which is achieved through actively listening to our customers and leveraging technology and digital transformation.

We embrace our responsibility to be a force for good to create shared value for our community. We are proud to be the first insurer in Hong Kong and Macau to address the important need of mental health through different products and services. For example, the Mind Charger function on our holistic wellness platform “AXA BetterMe”, which is available via our mobile app Emma by AXA, is open to not just our customers, but the community at large. We will continue to foster social progress through our product offerings and community investment to support the sustainable development of Hong Kong and Macau.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

#AXA

HONG KONG SAR – Media OutReach – 9 July 2021 – YesAsia Holdings Limited (“YesAsia” or the “Company“; together with subsidiaries, the “Group“; SEHK stock code: 2209), a Hong Kong-headquartered E-commerce platform operator engaging in the procurement and sale of Asian fashion and lifestyle, beauty and entertainment products to customers around the world, saw its shares successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”) today. The offer price of the Company’s shares was set at HK$3.28 per share, and the first day closing price was HK$3.46 per share, representing a 5.5% increase.

Commenting on the successful listing, Mr. Lau Kwok Chu, Founder and CEO of YesAsia, said: “We are delighted to see the successful listing of YesAsia in Hong Kong. We would like to take this opportunity to thank our investors for their endorsement of our vision to the “go-to” E-commerce gateway that bridges Asian products with customers worldwide. Going forward, we shall continue our efforts in reinforcing marketing strategies to boost customer base and enhancing customer loyalty; increasing global penetration to build stronger brand awareness; deepening our positioning as a Korean beauty product gateway; enhancing customer experience through further investment in IT systems and in-house-produced original content; and optimizing and expanding its logistics network and infrastructure.”

PORT LOUIS, MAURITIUS – EQS Newswire – 9 July 2021 – The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.

Michael Cohen Dumani, MITECH’s CEO commented that “this contract is a major milestone for MITECH as we are expanding our geographical footprint to support Africa’s intense Trade Finance growth as well as implementing TRAC seamlessly on a Cloud setup” adding that “MITECH is proud to welcome yet another prestigious reference in its community of users”.

Rajeshwar Pertab, Head of Middle-Office, MCB stated: “We are delighted to be partnering with MITECH and further bolster risk and collateral management within our Commodity Trade Finance business. MITECH’s expertise and TRAC’s extensive functionalities convinced us to adopt the solution and streamline information flow between our customers, front-office and middle-Office teams”.

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About MCB:

With its 182-year history, The Mauritius Commercial Bank Ltd (MCB) has evolved to an integrated bank and financial services institution, which offers tailored and innovative solutions to a diversified client base, ranging from retail to corporate and institutions. MCB’s rich history, commitment to customer service and excellence, innovative culture and high quality employees have underpinned its solid franchise and long track record of sustainable profitability and financial soundness. MCB has also established a physical presence in 10 countries overseas, via its subsidiaries in Madagascar, Seychelles and Maldives, its representative offices in Johannesburg, Nairobi, Paris and Dubai, as well as its associates, Société Générale Moçambique and Banque Française Commerciale Océan Indien (BFCOI – operating in Réunion Island, Mayotte and Paris).

#MauritiusCommercialBank

About MITECH, the natural successor of MIT.

As of January 2020, MIT Make Intuitive Tech SA (MITECH) (www.MITSA.ch) has taken over the operations of MIT Micro Informatique & Technologies SA (MIT) capitalizing on more than 35 years of experience in Trade Finance automation. MITECH is a swiss based Fintech specialized in the development of Trade Finance software solutions for Bankers, such as the famous CREDOC installed in Prestigious Banks in Switzerland, the European market, and the Middle East. MITECH is headquartered in the Lausanne area in Switzerland with regional offices in Singapore and Belgrade.

In 2010 TRAC, (Trade Risk Active Control), a Middle-Office Trade Commodity Finance Collateral Management system was launched. The purpose of the software is to replace the Excel spreadsheet widely used in the Trade Commodity Finance sector to monitor Credit Facilities. The product has already been adopted by prestigious Banks including NATIXIS, UBS, OCBC, and MUFG among others.

MITECH recently released a brand-new version of its well-known back-end Trade Finance product. CREDOC 5G is a Rich Web Client, multi-entity (Branch/bank), multi-time zone, and multi-language/alphabet system. It was designed using a modern “Service oriented” architecture embedding best of breed “Workflow Engine”, “Rules Engine”, and “Business Activity monitoring” components. CREDOC 5G is truly “agnostic” in terms of underlying Operating System, Application Server, and Database. CREDOC 5G has already been licensed by three financial institutions including Bankmed (Suisse) SA.

About IX Fintech Group and IX Asia Indexes

IX Asia Indexes Company Limited is a wholly-owned subsidiary of the IX Fintech Group. Aiming to become one of the leading 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. As a key participant of Cyberport Hong Kong, and supporter of the University of Hong Kong (“HKU”) Internship and Career Mentorship Program, IX Asia Indexes launched the first Hong Kong cryptocurrency index – ixCrypto Index together with its mentees from HKU in 2018 with growing subscription. The index platform was awarded the ETNet Fintech Award – Outstanding Crypto Index Platform (Wealth Investment & Management) 2019. ixCrypto Index is created by IX Asia Indexes and licensed to ixFintech and Nasdaq GIDS for its dissemination.

Website: https://ix-index.com/

About ixCrypto Index

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. On 1 June 2020, the hourly index was launched. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top 25, ranking by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. The daily index level is updated daily on Hong Kong trading day at the ixFintech webpage at 12:00 noon, Hong Kong time. The hourly index is available from 9am-9pm and updated at every :00 of the hour. The hourly index is available from 9 am-9 pm and updated at every :00 of the hour. The real time index is available from 9 am-9 pm and updated at every 15-second interval. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services or Nasdaq GIDS.

#ixCryptoIndex

About IX Asia Indexes Advisory Committee

To ensure the professionality and impartiality of the index methodologies and operations, ixAsia has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet twice a year to discuss matters relating to the ixAsia Indexes, including to review and to comment the data sources, methodologies, and operations of ixAsia Indexes, to provide guidance to the future development of new ixAsia Indexes and to handle other issues and decisions on an as-needed basis.

Webpage: https://ix-index.com/committee.html

#Crypto #CryptoIndex #DigitalAsset #Investment #Bitcoin #Benchmark

• Upcoming listing marks the first Malaysian-owned HCM Solutions provider on BURSA’s ACE
• Recent public oversubscription of company’s shares signal market appetite for cloud, AI-based HCM solutions and employee engagement platforms
• CEO Cllement Tan carves niche and becomes youngest founder entrepreneur to reach IPO in recent times, spotlighting HR Tech as the next frontier in business digitalisation
• More than 50 per cent of funding to be used for Product Expansion and R&D, leapfrogging Malaysia’s leading role in the development of emerging tech

CYBERJAYA, MALAYSIA – Media OutReach – 9 July 2021 – RAMSSOL Group Berhad (RAMSSOL), an innovative, digital human capital management (HCM) solutions provider aims to advance the adoption of Human Resource Technology (HR Tech) in and mainstream digitalisation of HR functions as part of its Southeast Asia focused IPO agenda. The company’s ambitions come at a time when there is an accelerated need for organisations to get back on a growth track empowered by its key enablers – talent and technology.

An independent study by Smith Zander has shown accelerated expansion of the HCM industry, from USD226.86 million (RM975.68 million) in 2017 to USD257.69 million (RM1.08 billion) in 2020, growing at a compound annual growth rate (CAGR) of 4.34%. The study, covering Malaysia, Singapore, Vietnam, Thailand, Indonesia and the Philippines, recognises today’s expanded HCM scope of total talent management, employee engagement and collaboration, cloud and mobile capabilities, and artificial intelligence (AI) and analytics – aside from traditional functions such as payroll, recruitment, and time tracking.

Helmed by Cllement Tan, Group Managing Director and Chief Executive Officer, the 14-year industry veteran and the youngest local technopreneur to list on BURSA, explains, “HR practitioners today are challenged in attracting and retaining top talent and establishing talent pipeline for agile organisations. The disconnect between talent touchpoints such as hiring, learning, performance, career, succession planning, and engagement has never been more pronounced. HR digitalisation and HCM transformation, therefore, must be a part of an enterprise-wide agenda for business viability, ensuring that one’s HR tech infrastructure provides strategic insights to key decision-makers.”

Employee engagement and collaboration platforms as differentiators in the talent war

There has been a surge in the demand for employee engagement and collaboration platforms since the outbreak of COVID-19, which makes RAMSSOL’s in-house mobile application, Feet’s, immediately relevant in today’s context of a hybrid, multigenerational and digitally-savvy workforce. As companies become more open to adopting intelligent technologies and creating a best-in-class employee experience, the app enables connected, happier and productive workplaces by modernising communications between employees. Recent integration with Zoom allows users to access or create Zoom meetings or webinars, bringing together on-site and virtual attendees without having to switch out of Feet’s mobile application or invest in additional enterprise subscription fees.

Elaborating on RAMSSOL’s HCM technology applications, Cllement said, “Feet’s has additionally adopted gamification elements to drive proactive and interactive participation no matter where employees are based, complemented by other built-in functions such as forums, peer recognition tools, suggestion platforms and meal groups. Our other signature solution is in the area of collaboration tech offered through LARK. Acting as a virtual office, LARK facilitates real-time communications and collaboration between employees, hosting several work-related functions such as document creation and editing as well as cloud storage and file sharing.

Measured in terms of sales revenue, the Smith Zander report shows the employee engagement platforms market chalked a growth from USD1.77 million (RM7.61 million) in 2017 to USD2.67 million (RM11.22 million) in 2020 at a CAGR of 14.69 per cent. On the other hand, the size of the collaboration platforms market grew from USD249.95 million (RM1.07 billion) in 2017 to USD400.90 million (RM1.68 billion) in 2020 at a CAGR of 17.06 per cent – and combined, they reflect a purposeful shift in HR practises as companies aspire to create a competitive edge in the looming talent war.

Demand in AI and real-time data fuels RM10.4M IPO allocation in regional Product Expansion and R&D

Representing more than 50 per cent of RAMSSOL’s RM25.1M total IPO target, the company’s focus on regional product expansion and R&D is buoyed by the adoption of HR Tech in the Asia Pacific[1] that has been in double-digits for the last three years. The company looks to further mainstream HR digitalisation and workforce management technologies among SMEs, billed as the fastest-growing segment among all new HR Tech adopters – creating more equitable economic recovery opportunities in SEA.

“What is certain is that technology will continue to play an essential role in helping HR teams build sustainable organisations and drive operational efficiencies. As practitioners turn to cloud and AI-based solutions, RAMSSOL’s product development roadmap anchored on introducing new functionalities is timely. This includes enhancing Feet’s with AI technology and developing bolt-on modules for our cloud-based HCM solutions,” emphasises Cllement.

Leveraging an international clientele that includes Megatech Education, Export Import Bank of Thailand, CapitaLand Business Services Pte Ltd, Bank Of Ayudhya Public Co., Ltd and PT Sigma Solusi Integrasi, RAMSSOL’s expansion agenda is backed by HR Tech expertise spanning over a decade, and a robust technology stack. The company’s IPO scheduled for 13 July 2021 marks the first move of its kind for a homegrown HCM solutions provider and allows it to expand its existing SEA footprint into the Philippines.

“We are fortunate to have earned the trust of many customers over the last 12 years of our operations and excited for what lies ahead for RAMSSOL. With the push for greater operational and cross-departmental efficiency expected to drive demand for HCM solutions, we look forward to establishing many more integrated, digitalised HR environments, and build next-gen, fit-for-future enterprise organisations as part of our commitment to “Advancing People through Technology,” Cllement concludes.

Currently operating in Malaysia, Singapore, Indonesia, Vietnam and Thailand, RAMSSOL’s business consists of three principal activities: HCM and Student Management Solutions; IT Staff Augmentation Services; and the provision of HCM Technology Applications featuring products such as Feet’s, Lark and Zoom. The company was recently awarded the Best SME in HR Solutions Provider at the SEBA 2020 Awards.

As of FYE2020, RAMSSOL’s total revenue of RM25.33 million saw HCM technology applications contribute RM9.1 million or 35.9 per cent, up from a marginal contribution in 2019. The HCM technology applications arm, RAMSSOL’s other key business principle that includes employee engagement and collaboration solutions, registered a high gross profit margin of 90.4 per cent. The company’s recent balloting with an offer of 11.20 million new shares at 45 sen each to the Malaysian public was oversubscribed by 102.88 times, receiving 19,564 applications for 1.16 billion new shares valued at RM523.54mil.

About RAMSSOL Group Berhad (RAMSSOL)

An award-winning company, it was first established in 2010 in the form of RAMS Solutions. Today RAMSSOL serves as the investment holding company for a group of companies focused on integrating the HR experience through digitalisation. Its portfolio of innovative solutions in the field of human capital management (HCM), includes Oracle HCM Solution; Lark, an all-in-one collaboration tool; and Feet’s, an employee engagement mobile app designed to create a connected and productive workforce. Outside of Malaysia, the company’s Southeast Asia footprint spans Singapore, Thailand, Indonesia and Vietnam, with customers in wide-ranging sectors such as banking, training providers, digital and branding services, energy and power and manufacturing. Backed by experts including organisational psychologists and data scientists, RAMSSOL Group Berhad aims to “advance people through technology”. Recently winning Best SME in HR Solutions Provider at the SEBA 2020 Awards, RAMSSOL catalyses fit-for-future organisation and redefine workplace experiences for Startups, SMEs, MNCs and the public sector/government agencies. For more information, visit: www.ramssolgroup.com

#RAMSSOLGroup

About Feet’s

An acronym for Formulating Employee Engagement and Talent Success, Feet’s is a mobile application redefining traditional frameworks and measurements in employee satisfaction, productivity and engagement. Going beyond formulaic goal setting and year-end reviews, this feature-packed app takes a mobile-first approach to create the next generation of connected, motivated, collaborative and productive teams. With real-time dashboards and thoughts on-the-go, Feet’s exciting features include Pulse Surveys, Brainstorming, Recognition, Feeter’s Forum and Connect and a points-based Reward system. Combining new engagement tactics like gamification with human intervention, Feet’s enables companies’ efforts in talent onboarding, retention, training and development, effective communications and productivity – critical business needs for business sustainability. For more information, visit: www.feets.me