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NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI

Simple, affordable, and powerful infrastructure solution makes AI more accessible for enterprises


SINGAPORE – Media OutReach Newswire – 15 May 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a converged infrastructure optimized for the generative AI era. NetApp and Lenovo have had a strong partnership for over five years and are now taking the partnership to the next level with the introduction of this simple, cost-effective, and powerful solution for enterprise AI. The new converged infrastructure solution will support NVIDIA NIM inference microservices, the NVIDIA AI Enterprise software platform for generative AI development and deployment, and retrieval-augmented generation (RAG) to enable customers to leverage their private, proprietary data for AI without large-scale model training.

Generative AI has created extensive opportunities for organizations, though many may feel as if AI is out of reach due to the cost, integration complexity, and time to deployment. Meanwhile, pre-built large language models (LLMs) often do not have training on the most up-to-date or relevant data organizations need to generate valuable insights or effectively automate routine tasks.

NetApp has led in unstructured data storage for over three decades, and much of the world’s enterprise unstructured data is stored in NetApp storage. Unlocking the full value of this data requires going far beyond foundational model training. By enabling inferencing and RAG, the NetApp AIPod with Lenovo’s leading server reliability, quality, and performance makes it seamless, simple, and fast to combine the power of LLMs with precise, up-to-date, and pertinent information on NetApp storage.

“The NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX transforms enterprise AI by delivering a pre-integrated, high-performance solution that accelerates the deployment and scaling of generative AI workloads,” said Sandeep Singh, Senior Vice President and General Manager of Enterprise Storage at NetApp. “Through our collaboration with NVIDIA and Lenovo, NetApp is empowering organizations to harness the capabilities of AI more efficiently, ensuring that they can focus on creating value and gaining insights from their data without the complexity of building and managing AI infrastructure from scratch.”

NetApp AIPod combines NetApp’s robust storage systems with hybrid cloud data management, including Lenovo’s high-performance ThinkSystem SR675 V3 servers, the leading platforms supporting NVIDIA-certified OVX architecture with NVIDIA L40S GPUs, as well as NVIDIA Spectrum-X Networking, providing a complete and seamless infrastructure solution to streamline AI adoption. Using this solution, customers will be able to conduct AI RAG and inferencing operations for use cases like chatbots, knowledge management, and object recognition. NetApp, in collaboration with Lenovo and NVIDIA, simplifies AI deployment by seamlessly integrating into ecosystems, simplifying operations, accelerating implementation, and safeguarding AI infrastructure, enabling organizations to unlock AI’s full potential.

“Lenovo is expanding our partnership with NetApp and NVIDIA to bring the power of AI to every business as part of our continued commitment to enabling and simplifying hybrid AI for our joint customers,” said Kirk Skaugen, President of Lenovo Infrastructure Solutions Group . “As customers deploy AI, they demand business critical availability, ease of management, and infrastructure efficiency. The NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX delivers optimized and validated solutions to make generative AI more accessible for businesses of every size.”

“Making AI accessible and scalable for every industry is more important than ever,” said Bob Pette, Vice President of Enterprise Platforms at NVIDIA. “The NetApp AIPod with Lenovo for NVIDIA OVX offers an AI-ready platform that’s powerful and easy to use, enabling businesses to drive innovation.”

“As competition intensifies, the ability to quickly and effectively utilize GenAI has become a pressing business concern for APAC organizations,” said Masahiro Waki, AI Business Lead for NetApp Asia Pacific. “NetApp is taking a step forward in making enterprises’ data infrastructure more robust and intelligent. Through our partnership with Lenovo, enterprises in APAC now can better maximize the value of their data, drive AI investments and turn disruptions into opportunities.”

NetApp AIPod with Lenovo for NVIDIA OVX will be available by summer 2024.

Additional Resources

Hashtag: #NetApp #Lenovo #AI



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

About NetApp

NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at or follow us on , , , and .

NETAPP, the NETAPP logo, and the marks listed at are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

NetApp Unveils Unified Data Storage Built for the AI Era

Intelligent data infrastructure powered by the new AFF A-Series with integrated data services turbocharges AI and simplifies every workload at scale


SINGAPORE – Media OutReach Newswire – 15 May 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new leading AFF A-Series systems that can power the most demanding IT workloads customers face, including GenAI, VMware, and enterprise databases. NetApp also released expanded capabilities across its portfolio to help customers operate more efficiently as they leverage their data to drive innovation.

In the AI era, organizations are feeling pressure to accelerate innovation, unlock new customer experiences, outsmart cyber threats, and gain ever greater productivity. Many organizations see AI as a critical tool to help them achieve those goals. According to the 2024 NetApp Cloud Complexity report, organizations realize that achieving business success with AI hinges on two critical factors, data (74%) and IT infrastructure (71%). With today’s announcements, NetApp is helping organizations excel at both factors and drive competitive success by offering innovative intelligent data infrastructure that empowers customers to unlock the value of their data with AI.

The new NetApp AFF A-Series systems continue NetApp’s leadership in unified data storage for the next generation of workloads. Leveraging the same technology relied upon by the top three public clouds, the NetApp AFF A-Series eliminates storage silos and storage complexity, providing powerful, intelligent, and secure storage to accelerate and optimize every workload. This includes integrated capabilities to optimize VMware storage costs today and provide unmatched flexibility for the future.

“Data is undeniably the most valuable asset for any company to outpace its competitors. Whether it’s mission critical applications or leveraging enterprise data to fuel AI, the data infrastructure a company chooses to run it on makes all the difference,” said Sandeep Singh, Senior Vice President and General Manager of Enterprise Storage at NetApp. “NetApp’s extensive, unified data storage portfolio, from on-premises to the public clouds, makes it the go-to solution for enterprises looking to have the robustness for the most demanding workloads. The introduction of the new AFF A-Series Systems is a testament to our unwavering commitment to delivering the most powerful, intelligent, and secure enterprise storage in the industry.”

“It is increasingly crucial for organizations in Asia Pacific to harness the power of data to overcome economic headwinds and accelerate business transformation,” said You Qinghong, Solutions Engineering Lead, Greater China, ASEAN and South Korea, NetApp. “Backed by over 30 years of expertise in enterprise storage, we are expanding our portfolio today with the new AFF A-Series systems to help organizations to protect their mission-critical apps, unlock the value of their data and drive successful business outcomes.”

New AFF A-Series Systems to Accelerate Business Technology Operations

With the introduction of new, more-powerful AFF A-Series all-flash storage systems, NetApp is continuing its commitment to innovation with unified data storage systems designed for any data, any app, and any cloud. The new AFF A-Series storage systems easily power the most demanding workloads—from existing mission-critical apps to GenAI workloads that will drive success into the future.

These new systems are the NetApp AFF A1K, AFF A90, and AFF A70, which can turbo-charge enterprise workloads by delivering:

  • Up to 2x better performance with unmatched 40 million IOPs, 1 TB/s throughput
  • Proven 99.9999% data availability
  • Leading raw-to-effective capacity, including always-on data reduction and 4:1 Storage Efficiency Guarantee
  • Integrated real-time ransomware detection designed for 99%+ accuracy and Ransomware Recovery Guarantee

NetApp’s unified data storage supports block, file and object storage protocols and natively integrates with the three largest public cloud providers, allowing customers to consolidate workloads, lower cost of data, and operate without silos. Powered by NetApp ONTAP®, these systems deliver the simplicity and reliability tens of thousands of organizations have come to expect from NetApp.

“As we’ve ramped up our investments in AI projects to help accelerate our business, we needed to grow our data infrastructure to deliver ever greater performance for those workloads,” Christian Klie, Tribe Cluster Lead at T-Systems. “We rely on intelligent data infrastructure delivered by NetApp to power our most critical workloads, and the increased power of the new AFF A-Series systems, paired with their integrated anti-ransomware features and hybrid cloud capabilities, will help position us for success now and in the future.”

“AI is creating the biggest business transformation opportunity we’ve seen in decades, allowing enterprises to unlock new sources of value from their data,” said Justin Hotard, Executive Vice President and general manager, Data Center and AI Group at Intel. “NetApp AFF A-Series systems utilizing Intel Xeon processors provide the performance and features to help businesses accelerate their enterprise AI adoption.”

Providing Powerful, Intelligent and Secure Enterprise Data Infrastructure

To continue its innovation as the intelligent data infrastructure company, NetApp released additional capabilities to provide customers with the advanced data management, industry-leading ransomware protection, and cloud integration that modern workloads like GenAI demand.

The new features and capabilities in NetApp’s data management and integrated services include:

  • New StorageGRID Models: NetApp has introduced six new StorageGRID models that enhance the value of large, unstructured data while reducing total cost of ownership. StorageGRID can now leverage capacity flash to provide fast object access times at the lowest cost. Customers can experience a new level of flexibility, choice, performance, and sustainability for critical object workloads with new models that offer a very competitive price per GB, up to a 3X performance increase, 80 percent footprint reduction, and power consumption savings as high as 70 percent.
  • Cyber Vault Reference Architecture: NetApp announced a new cyber vault reference architecture that extends the company’s industry-leading data protection capabilities. Combining the latest advances in secure data storage, autonomous real-time ransomware detection, and rapid data restoration, NetApp’s secure and resilient cyber vault delivers “logically air-gapped” storage based on proven NetApp ONTAP technology, for unparalleled protection of customer data against advanced cyber-threats.
  • SnapMirror Active Sync: The latest version of ONTAP includes SnapMirror active sync which creates a symmetric active-active business continuity solution across two data centers. Coupled with VMware vSphere Metro Storage Cluster (vMSC) and enterprise databases from Oracle, SAP, and Microsoft, SnapMirror active sync enables ongoing business operations with no disruption during a data center outage.
  • FlexCache with Writeback: The updated version of ONTAP also includes FlexCache with Writeback which creates local copies of data for distributed teams, resulting in reduced latency and uninterrupted access while reducing administrative overhead. The local copies can read and write data, granting local teams greater control while maintaining data consistency with the core data center.
  • NetApp AIPod with Lenovo: NetApp and Lenovo are collaborating on a new converged infrastructure solution designed for retrieval-augmented generation (RAG) and inferencing use cases for GenAI, with Lenovo high-performance ThinkSystem servers utilizing NVIDIA L40S GPUs, NVIDIA Spectrum-X networking, and NetApp AFF storage, all validated with the NVIDIA OVX architecture specifications.
  • BlueXP Classification: This AI/ML-driven service is now available as a BlueXP core capability at no additional charge, giving users immediate access to the ability to automatically classify, categorize, and tag data across the entire data estate to deepen data intelligence, enhancing efforts in governance, security, and compliance while enabling strategic workloads such as GenAI. With BlueXP classification, customers can now fuel GenAI and RAG innovation through the AIOps ability to securely and programmatically augment pre-trained models with auto-classified, proprietary data on demand for enhanced relevancy without sacrificing cost or data security.

“AI is a massive opportunity for companies to leverage their data in new ways to unlock competitive advantages,” Ashish Nadkarni, Group Vice President and General Manager, Infrastructure Systems, Platforms and Technologies and BuyerView Research at IDC. “However, as the AI market develops, how organizations approach AI may change. They need storage infrastructure that gives them the flexibility to combine their on-premises data storage with cloud environments. NetApp’s strategy of delivering powerful unified data storage that works with any data protocol, in any environment, to run any workload gives its customers the power and flexibility they need to face whatever challenges come their way.”

Additional Resources

Hashtag: #NetApp #DataStorage #AI



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

About NetApp

NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at or follow us on , , , and .

NETAPP, the NETAPP logo, and the marks listed at are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

Atria-City Dental Group Celebrates 30th Anniversary Alongside World Health Day With Special Dental Package To Increase Oral Health Awareness


SINGAPORE – Media OutReach Newswire – 15 May 2024 – Atria-City Dental Group, a multidisciplinary dental group practice in Singapore has been providing general and specialist dental care for families since 1994. In conjunction with its 30th year anniversary and this year’s World Oral Health Day theme, “A Happy Mouth is a Happy Body”, the practice is delighted to announce a dental package combining comprehensive Oral Health Screening and examination with an Orthopantomogram (OPG) (Full mouth X-ray), Oral Care Maintenance instruction and Orthodontic consultation (if necessary) at $90. This initiative, available from 11 to 31 May 2024, aims to promote oral health awareness and encourage individuals to achieve healthy, beautiful smiles.

A dental hygienist uses a giraffe puppet to teach a young boy how to brush his teeth properly. The child, holding an electric toothbrush, watches the demonstration closely.
A dental hygienist uses a giraffe puppet to teach a young boy how to brush his teeth properly. The child, holding an electric toothbrush, watches the demonstration closely.

Emphasising the Importance of Maintaining Good Oral Hygiene Habits
Neglecting oral hygiene can cause a range of dental issues such as cavities, gum disease, and bad breath. Over time, these untreated problems can escalate and progress to affect the surrounding teeth, soft tissue, and bone, potentially leading to severe systemic diseases. Some of the most common diseases include:

  • Dental caries (tooth decay)
  • Periodontal disease (infection and inflammation of the gum tissues)
  • Malocclusion (poor biting of the teeth due to alignment problems)
  • Oro-dental trauma (pain from injuries to the teeth and surrounding areas)
  • Mouth cancer

Echoing the 2024 World Oral Health Day’s slogan, “A Happy Mouth is a Happy Body”, Atria-City Dental Group wishes to emphasise the impact of good oral/dental health on an individual’s overall well-being and quality of life. Among the key benefits of maintaining good oral hygiene habits that extend beyond just healthy teeth and gums are:

  • Prevents Tooth Decay and Gum Diseases: Regular brushing and flossing can prevent cavities, gingivitis, and periodontitis, safeguarding your oral health and overall well-being.
  • Helps Maintain Strong Teeth: Proper dental care ensures your teeth stay strong and healthy, allowing you to enjoy a full and balanced diet without discomfort or limitations.
  • Prevents Bad Breath: Regular cleaning and check-ups can keep halitosis at bay, promoting fresh breath and boosting confidence in social interactions.


Exclusive Oral Health Screening Package

In conjunction with this theme and its 30th anniversary, Atria-City Dental Group is offering a comprehensive Oral Health Screening package at $90 (before GST) for a limited period which includes the following:

  • Oral Health Screening: An examination of the patient’s oral health status with an assessment for cavities, gum disease and existing dental work.
  • Full Mouth Digital X-Ray (OPG): A panoramic scanning dental X-ray of the upper and lower jaw. It helps to detect teeth cavities, fractures, jaw dislocation, infection, tumours, sinuses, tooth impaction, etc.
  • Personalised Treatment Plan: The dental professionals will prepare a provisional personalised treatment plan tailored to specific oral health and aesthetic needs.
  • Educational Resources: Patients will receive valuable oral hygiene tips, dietary recommendations and guidance on maintaining optimal oral health.
  • Orthodontic Consultation (if necessary): For achieving straighter teeth, a better bite and a confident smile to correct bad bites due to teeth misalignment. To discuss solutions including all types of braces, Clear Aligner and Invisalign.

This oral health package is tailored for patients of all ages including children.
Atria-City Junior Dental Care is well known among parents for its high quality and affordable paediatric dental care. Many of their patients have grown up and their children continue to be cared for by the same team of dentists, making them dentists of 3 generations.

This package will run from 11 – 31 May 2024. The public may call or WhatsApp the practice directly for more details.

“At Atria-City Dental Group, we are committed to promoting oral health awareness from young and providing affordable dental services and solutions to our community even in the heart of Orchard Road. To mark our 30th anniversary, this is our way of giving back to the community and encouraging individuals to start taking care of their oral health, especially if challenges like busy schedules, affordability concerns or dental phobias have hindered their previous dental care experiences,” shared Stephanie Poon, Practice Manager.

Hashtag: #AtriaCityDental

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

About Atria-City Dental Group

Founded in 1994, Atria-City Dental Group is a multidisciplinary dental practice committed to providing comprehensive, personalised, gentle, and high-quality dental care to patients of all ages. Their professional dental team includes both specialist and general dental surgeons, ensuring a range of expertise to meet diverse dental needs.

Specialising in preventive and minimally invasive dentistry, Atria-City Dental Group is known for its well-planned restorative treatments, dental implants, orthodontics, cosmetic dentistry, and specialist children’s dentistry services. Patients benefit from tailored treatment plans designed for optimal oral health and aesthetic outcomes.

Conveniently located on the medical floor (level 8) of Ngee Ann City Tower B along , Atria-City Dental Group offers easy accessibility next to Orchard MRT, making dental visits convenient for busy individuals and families in the heart of Singapore.

St. George’s University School of Medicine Welcomes South Korean Applications for August Admissions

St. George’s University’s (SGU) helps address the high demand for healthcare professionals in South Korea by educating the future generation of doctors, offering multiple intake opportunities and academic scholarship to eligible students.


SEOUL, SOUTH KOREA – Media OutReach Newswire – 15 May 2024 – St. George’s University’s (SGU) School of Medicine in the Caribbean, has opened applications for its Fall 2024 intake, welcoming prospective medical students from South Korea to apply for the upcoming academic year.

Source: St. George’s University
Source: St. George’s University

As the largest source of licensed physicians in the US (according to FSMB physician licensure data for 2021), SGU offers an international medical education to help address the critical issue of the global physician shortage. South Korea is facing a persistent deficit in its healthcare workforce, with only 2.6 doctors per 1,000 individuals, a figure that ranks among the lowest in developed nations, according to the Organisation for Economic Co-operation and Development (OECD).

David Anthonisz, Executive Director, International Student Recruitment at SGU said, “After the success of our January intake, we are excited to extend our support to students aiming to join our August/ September cohort. At SGU, we are dedicated to advancing medical education to cultivate a robust medical workforce capable of meeting global healthcare demands. As we warmly welcome new students this year, we eagerly anticipate guiding their development and facilitating their transition into fulfilling international medical careers.”

SGU also offers financial aid options for international students, such as the International Peace Bursary, Global Scholars Bursary, and SGU Academic Scholarship, each tailored to meet different needs and criteria. Eligible students can qualify for one or multiple awards. The university is committed to empowering the student body by honouring academic merit and student success, which will contribute to a diverse medical community.

Admitted students beginning their academic journey at the True Blue campus in Grenada can choose from three intake periods: January, April, and August, each offering distinct advantages. Those admitted for the August intake align with the global academic year, seamlessly integrating into the medical school program after final exams. Additionally, since 2007, SGU and Northumbria University (NU) have partnered to offer students a September and January intake, providing an opportunity to pursue a medical career in the UK.

“SGU is committed to preparing its students for successful medical careers and values the opportunity to do so through global experiences. The institution’s ongoing support for individuals in South Korea pursuing careers in medicine reflects its vision of promoting inclusivity and expanding access within the field,” added David Anthonisz at SGU.

Interested students can find more details about the program/pathways and apply here.

Hashtag: #StGeorgesUniversitySchoolofMedicine

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

About St. George’s University School of Medicine

Founded in 1976, St. George’s University (SGU) is a center for academic excellence worldwide. With students and faculty drawn from more than 150 countries, SGU is truly an international institution, with a uniquely global perspective. The SGU School of Medicine is accredited by the Grenada Medical and Dental Council which has been recognized by the World Federation for Medical Education (WFME). The school offers a four-year Doctor of Medicine (MD) degree program. Students can also enter the MD degree program from any education system around the world via the five-, six-, or seven-year pathways. SGU has a large network of 75+ affiliated hospitals and health centers in the US and UK, with the unique opportunity for students to begin their medical career in Grenada or the UK.

Lee Kum Kee Sponsors the 9th World Championship of Chinese Cuisine


VANCOUVER, CANADA – Media OutReach Newswire – 14 May 2024 – Lee Kum Kee will be the exclusive condiment sponsor of the 9th World Championship of Chinese Cuisine (WCCC), to be held from 21-23 May at the PNE Forum in Vancouver, Canada. The World Federation of Chinese Catering Industry is organising the event in partnership with the Canada Catering Association.

Lee Kum Kee will be the exclusive condiment sponsor of the 9th World Championship of Chinese Cuisine.
Lee Kum Kee will be the exclusive condiment sponsor of the 9th World Championship of Chinese Cuisine.

As the world’s most recognised name in Asian sauces and condiments, Lee Kum Kee is committed to a mission of promoting Chinese culinary culture worldwide. Lee Kum Kee will showcase an array of its high-quality sauce products, inspiring participating chefs to create unique and delicious dishes.

This edition of the championship is an exciting milestone as it will be hosted in Vancouver for the first time. Over 70 teams from different countries and regions will demonstrate their exceptional skill as they compete for the prestigious Lee Kum Kee World Championship of Chinese Cuisine Grand Gold Award. The event will also foster meaningful cultural exchange among contestants and spectators alike.

Visitors to the three-day event can also drop by a Lee Kum Kee booth to browse its diverse range of sauce products. Each visitor will have a chance to receive a goodie bag with selected Lee Kum Kee sauces and recipes, allowing them to bring home the rich flavours of Asia.

Launched in Shanghai, China, in 1992, the WCCC is a prestigious event that showcases the finest culinary skills and Chinese gastronomic culture while facilitating international exchange. It has earned the reputation of being the “Olympics of Chinese cuisine”. With the latest edition building upon the success of previous events in Rotterdam, Singapore, Beijing, Shanghai, Guangzhou, Kuala Lumpur and Tokyo, WCCC continues to attract attention from around the world.
Hashtag: #LEEKUMKEE #LKK #WCCC2024


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

About Lee Kum Kee

Lee Kum Kee was established in 1888 when its founder, Lee Kum Sheung created his own oyster sauce in Nanshui, Zhuhai, Guangdong Province, China. With a glorious history of over 135 years, Lee Kum Kee has become an international household name as well as a symbol of quality and trust. Today, it offers more than 300 types of sauces and condiments in over 100 countries and regions.

Visit our corporate website for more information:

About the World Championship of Chinese Cuisine

The World Championship of Chinese Cuisine is organised by the World Federation of Chinese Catering Industry every four years. It is a prestigious event that showcases fine culinary skills and Chinese gastronomic culture while facilitating international exchange. Since its inaugural edition in Shanghai, China in 1992, it has earned the reputation of being the “Olympics of Chinese cuisine”.

Visit the event’s website for more information:

First Phosphate Confirms Another High Grade Intersect of 11.85% Igneous Phosphate Across 84 Metres Starting from Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Saguenay, Quebec – Newsfile Corp. – May 14, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to report results from another 29 drill holes at its Bégin-Lamarche project located in Saguenay-Lac-St-Jean, Quebec, Canada. The Company’s 25,929 m drill program was completed ahead of schedule on April 29, 2024. To date, 4,557 assays have been received representing 16,468 m of drilling. A remaining 1,775 assays are expected to be delivered by the end of May.

Highlights:

  • Phosphate Mountain Zone:
    • Drill hole BL-24-67 intersected 11.85% P2O5 (phosphate) over 84.0 m starting at a surface depth of 3.0 m. Drilling in the Phosphate Mountain Zone revealed a thick 90 m layer of phosphate bearing nelsonite rock outcropping at surface with numerous other high grade intersects grading at over 10% P2O5.
    • Drill hole BL-24-82 returned a sub-intersection of 20.51% P2O5 over 9.75 m within a 77.7 phosphate intersect grading at 11.07% P2O5. This sub-section also contains a 2.1 m massive apatite vein that returned 30.73% P2O5.
  • Southern Zone:
    • Drill hole BL-24-60 intersected 5.21% P2O5 over 194.0 m from a surface depth of 4.0 m and drill hole BL-24-83 intersected 5.81% P2O5 over 216.1 m starting at surface.
    • Drilling revealed many phosphate layers over 10% P2O5 at he base of the main phosphate layer.
    • Drill hole BL-24-84 intersected 8.41% P2O5 over 77.1 m starting at 6.0 m. Results demonstrate that high grade phosphate layers also occur in the Southern Zone.

“We are pleased with the continued high grade phosphate results encountered across the 3 km strike zone at our Bégin-Lamarche project,” said First Phosphate CEO, John Passalacqua. “The drill program is now completed and we begin preparations for a 43-101 resource estimate followed immediately by a Preliminary Economic Assessment (“PEA”).”

Phosphate Mountain Zone

A total of 23 drill holes have been completed to date in the Phosphate Mountain Zone while results from 14 drill holes have been received to date. Data received from these 14 drill holes shows grades of over 10% P2O5 over widths ranging from 7 m to 92 m. The Phosphate Mountain Zone has been drilled for a total length of 250 m to date. This zone is beginning to merge (from the southeast) with the Northern Zone where a 500 m thick phosphate mineralized envelope exists, one which has delineated up to 5 individual layers ranging from 60 m to 100 m in thickness starting at surface and continuing down to a depth of 300 m. The overall strike length of the Phosphate Mountain Zone and the Northern Zone is approximately 600 m.

Drill hole BL-24-67 intersected 11.85% P2O5 (phosphate) over 84.0 m starting at a surface depth of 3.0 m. Drilling in the Phosphate Mountain Zone revealed a thick 90 m layer of phosphate bearing nelsonite rock outcropping at surface with numerous other high grade intercepts grading at over 10% P2O5. Drill hole BL-24-82 returned a sub-intersection of 20.51% P2O5 over 9.75 m within a 77.7 phosphate intersection grading at 11.07% P2O5. This sub-section contains a 2.1 m massive apatite vein that returned 30.73% P2O5. (See Table 1).

Table 1 – Drill Results for the Phosphate Mountain Zone

Hole From (m) To (m) Length1 (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-24-59 6.55 59.4 52.85 12.44 5.65 33.60
BL-24-59 71.0 88.0 17.0 10.68 4.58 23.33
BL-24-59 123.0 145.0 22.0 11.61 2.52 20.20
including 132.0 145.0 13.0 16.45 2.56 21.18
BL-24-59 150.35 166.4 16.05 7.98 1.13 11.13
BL-24-62 3.8 48.0 44.2 11.37 4.65 22.77
BL-24-62 69.0 144.65 75.65 9.97 3.66 20.71
including 69.0 128.3 59.3 11.04 4.30 23.55
BL-24-62 156.0 160.0 4.0 14.40 4.90 26.34
BL-24-64 3.0 42.0 39.0 9.06 4.11 25.45
including 3.0 26.0 23.0 12.04 5.40 34.63
BL-24-64 75.0 126.5 51.5 7.20 2.64 16.44
including 102.0 120.9 18.9 10.67 4.13 20.59
BL-24-67 3.00 87.0 84.0 11.85 5.09 32.49
BL-24-67 117.0 152.0 35.0 9.86 3.22 18.88
including 117.0 143.0 26.0 11.85 3.95 22.03
BL-24-69 2.4 10.43 8.03 13.81 5.07 31.14
BL-24-69 28.0 65.1 37.1 9.55 3.17 21.76
including 28.0 39.75 11.75 16.70 6.20 32.09
BL-24-74 11.5 21.4 9.9 9.81 3.65 22.68
48.0 57.0 9.0 6.25 2.96 16.14
82.0 102.3 20.3 10.30 4.28 19.01
66.8 102.3 35.6 8.78 3.49 16.44
BL-24-76 49.0 64.25 15.3 11.27 4.40 24.29
BL-24-78 50.55 62.1 11.55 11.88 4.90 29.82
including 47.55 102.7 55.15 8.72 3.18 19.87
including 82.4 102.7 20.3 10.04 3.53 19.32
BL-24-82 6.0 83.7 77.7 11.07 3.28 18.63
including 6.0 36.0 30.0 13.21 4.82 24.31
including 54.0 63.75 9.75 20.51 3.87 16.59
BL-24-82 102.0 119.1 17.1 9.96 2.78 14.97

1 Lengths are measured along the core. True widths are estimated to be between 70 and 90% of the core interval.

Southern Zone

The Southern Zone has been drilled at 100 m spaced sections over a strike length of 1,600 m. Results to date from the Southern Zone show continuous widths of over 100 m of phosphate mineralization. Drill hole BL-24-60 intersected 5.21% P2O5 over 194.0 m from a surface depth of 4.0 m and drill hole BL-24-83 intersected 5.81% P2O5 over 216.1 m from surface. Drilling also revealed many phosphate layers over 10% P2O5 at he base of the main phosphate layer. Drill hole BL-24-84 intersected 8.41% P2O5 over 77.1 m. Results demonstrate that high grade phosphate layers also occur in the Southern Zone.

Table 2 – Drill Results for the Southern Zone

Hole From (m) To (m) Length1 (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-24-58 81.0 144.0 63.00 4.02 3.46 18.82
including 81.0 102.0 21.00 7.09 4.50 25.47
176.55 185.7 9.15 9.55 4.72 26.28
195.0 212.4 17.40 6.51 3.88 18.85
including 206.3 212.4 6.10 11.96 5.01 26.27
BL-24-60 3.7 197.7 194.00 5.21 3.81 22.50
BL-24-61 No significant results
BL-24-63 37.7 297.0 259.3 5.21 3.80 21.65
including 37.7 60.0 22.3 8.02 5.07 30.02
including 240.0 285.0 45.0 7.57 4.54 26.60
BL-24-65 12.5 19.5 7.0 4.27 3.09 17.72
49.2 63.3 14.1 9.44 5.19 30.12
144.7 162.5 17.8 10.37 5.40 31.00
223.4 235.4 12.0 11.61 5.61 28.72
BL-24-66 6.0 97.0 91.0 5.35 4.43 26.85
BL-24-68 13.0 46.65 33.65 5.64 4.02 22.83
81.8 92.0 10.20 3.92 3.90 17.92
BL-24-70 73.6 148.0 74.40 4.27 3.49 20.55
BL-24-71 73.3 174.9 101.6 4.76 3.52 19.60
193.5 238.2 44.7 6.52 4.98 26.00
261.0 272.0 11.0 6.27 4.42 24.32
292.7 304.0 11.3 7.75 3.85 30.68
BL-24-72 196.0 305.0 109.0 4.72 3.70 21.26
including 278.35 305.0 26.65 7.46 5.29 27.45
BL-24-73 154.0 180.5 26.5 5.43 4.07 23.85
195.2 366.0 170.8 5.23 4.13 22.38
including 309.0 366.0 57.0 7.07 5.15 27.34
BL-24-75 118.2 135.0 16.8 6.01 4.34 26.65
BL-24-75 208.5 219.4 10.9 6.32 4.15 29.74
BL-24-77 174.0 360.0 186.0 4.53 3.23 19.64
including 2.4 288.0 114.0 5.39 3.63 21.54
BL-24-79 No significant results
BL-24-80 2.4 74.55 72.15 6.59 2.37 16.23
including 2.4 12.55 10.15 9.35 4.25 27.10
including 25.25 52.5 27.25 10.27 3.24 19.77
BL-24-81 190.15 265.3 75.15 5.05 3.61 20.30
285.0 291.0 6.00 8.44 4.93 27.02
BL-24-83 5.0 216.6 211.6 5.81 3.52 24.00
including 46.5 61.45 14.95 11.37 4.99 35.52
including 117.0 157.3 40.3 8.49 4.66 32.83
BL-24-83 287.2 313 25.8 6.53 5.38 28.50
BL-24-84 177.85 193.55 15.7 7.46 3.69 22.45
205.9 283.0 77.1 8.41 4.14 22.75
BL-24-86 9.3 44.55 35.25 6.24 4.46 23.61
102.6 116.85 14.25 5.50 3.66 19.90
168.0 189.2 21.2 6.33 3.21 18.89
BL-24-87 173.6 198.0 24.4 7.12 5.57 28.79

1 Lengths are measured along the core. True width is estimated to be between 60% and 90% of the core interval.

The technical parameters of the drill holes being released in this press release are shown in Table 3 below and their location is shown in Figure 1 below. A summary of the mineralized intersections from the 2024 drilling program is presented in Table 4.

Table 3 – Parameters for the Current Drill Holes Being Released

Hole_ID Easting Northing Azimuth Dip Depth Zone
BL-24-58 326371 5403264 125 -45 228 Southern
BL-24-59 326899 5403859 150 -60 216 Mountain
BL-24-60 325894 5402244 305 -50 200.5 Southern
BL-24-61 326173 5403280 125 -45 312 Southern
BL-24-62 326922 5403891 150 -45 201 Mountain
BL-24-63 325866 5402145 305 -70 300 Southern
BL-24-64 326933 5403801 150 -45 180 Mountain
BL-24-65 325712 5402131 125 -45 285 Southern
BL-24-66 326281 5403201 125 -45 150 Southern
BL-24-67 326931 5403802 330 -45 161 Mountain
BL-24-68 326400 5403111 125 -45 126 Southern
BL-24-69 326894 5403856 0 -90 201 Mountain
BL-24-70 326345 5403160 125 -45 201 Southern
BL-24-71 325660 5402170 125 -45 354 Southern
BL-24-72 326228 5403145 125 -45 315 Southern
BL-24-73 325606 5402214 125 -45 375 Southern
BL-24-74 326960 5403846 150 -45 201 Mountain
BL-24-75 326126 5403222 130 -45 300 Southern
BL-24-76 326993 5403785 150 -45 175.5 Mountain
BL-24-77 325604 5402214 125 -60 366 Southern
BL-24-78 326993 5403785 330 -45 250 Mountain
BL-24-79 326126 5403222 130 -60 250 Southern
BL-24-80 326921 5403897 0 -90 213 Southern
BL-24-81 325560 5402121 125 -45 306 Southern
BL-24-82 326921 5403897 150 -67 201 Mountain
BL-24-83 326168 5403167 125 -45 327 Southern
BL-24-84 325615 5402080 125 -45 301.3 Southern
BL-24-86 325675 5402034 125 -45 293.5 Southern
BL-24-87 325655 5401926 305 -45 210 Southern
BL-24-88 326226 5403248 125 -45 366 Mountain

Table 4 – Other Previously Released Results for the 2024 Drill Campaign

Hole_ID From (m) To (m) Length (m) P2O5 (%) TiO2 (%) Fe2O3T (%)
BL-24-22 195.00 259.50 64.50 5.80 2.94 21.04
BL-24-23 21.00 175.10 154.10 7.02 4.40 27.34
BL-24-24 61.30 190.90 129.60 5.22 3.63 22.32
BL-24-25 74.20 117.00 42.80 9.89 3.54 28.65
BL-24-26 6.90 96.00 89.10 9.44 3.92 27.59
BL-24-27 138.00 189.00 51.00 4.41 3.05 20.62
BL-24-28 73.25 152.20 78.95 5.48 4.07 24.68
BL-24-29 99.00 276.00 177.00 4.46 3.63 22.85
BL-24-30 33.00 78.65 45.65 4.28 2.97 19.83
BL-24-31 119.85 213.80 93.95 7.16 3.49 18.76
BL-24-32 159.00 228.00 69.00 5.51 3.82 24.60
BL-24-33 3.80 110.00 106.20 5.00 3.70 21.19
BL-24-34 93.00 192.00 99.00 6.34 2.74 20.09
BL-24-35 212.50 253.70 41.20 6.25 3.44 19.55
BL-24-36 234.0 342.0 108.0 6.83 4.33 28.34
BL-24-37 84.0 126.0 42.0 6.03 4.47 28.57
BL-24-39 102.0 150.0 48.0 5.51 2.20 16.64
BL-24-43 111.0 369.0 258.0 5.41 4.33 22.19
BL-24-44 192.4 283.0 90.6 7.48 3.38 23.64
BL-24-47 153.0 304.0 151.0 3.89 3.36 19.51
BL-24-48 32.0 39.65 7.65 15.01 2.59 19.17
BL-24-49 72.5 105.5 33.0 8.65 3.77 24.05
BL-24-50 4.2 93.0 88.8 5.90 4.14 23.62
BL-24-51 70.0 111.0 41.0 7.72 1.88 16.09
BL-24-52 204.0 247.7 43.7 7.04 3.62 24.50
BL-24-53 70.1 132.4 62.3 9.50 4.12 28.45
BL-24-53 154.1 246.0 91.9 6.92 3.50 20.08
BL-24-54 61.1 101.1 40.0 9.18 4.80 28.16
BL-24-55 4.0 194.8 190.8 4.60 3.64 19.83
BL-24-56 6.5 99 92.5 11.82 5.29 30.96
BL-24-56 123 162 39.0 8.43 3.18 17.56
BL-24-57 183.9 194.0 10.1 6.58 3.86 22.58

Detailed results from the 2024 drill program are available at:

April 2, 2024: https://firstphosphate.com/drilling-2m-vein-of-massive-apatite
March 19, 2024: https://firstphosphate.com/initial-assay-results
April 23, 2024: https://firstphosphate.com/April_23_2024

Results for the earlier 4,661 m drill program conducted in 2023 can be found in the June 5, 2023 press release available at: https://firstphosphate.com/begin-lamarche-2023.

Figure 1 – Drill Map for the 2024 Drill Program at Bégin-Lamarche

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/209030_97d23f98e4dcba81_001full.jpg

Quality Assurance / Quality Control

The sampling of, and assay data from, the drill core is monitored through the Company’s implementation of a quality assurance – quality control (QA-QC) program designed to the CIM Mineral Exploration Best Practices Guidelines.

A formal chain-of-custody procedure was adopted for security of samples until their delivery at the laboratory. Drill core (NQ size) is logged and samples are selected by Laurentia Exploration Inc. geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from 0.5 to 3 metres in length depending on the geological observations. A blank and a standard are inserted at the beginning of each sample batch, usually one complete hole, and a blank and a standard are then inserted alternatively each 10 samples. Half-core samples are packaged and sent by ground transportation in sealed rice bags to an independent laboratory, Activation Laboratories Ltd. of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579). The core samples are crushed up to 80% passing 2mm (10 mesh), riffle split 250 g and pulverized (mild steel) to 95% passing -200 mesh. Each sample is analyzed for whole rock analysis (code 4B) for 10 major oxides and 7 trace elements by lithium metaborate/tetraborate fusion of 3g of material and analyze by ICP-OES. The laboratory has its own QA/QC protocols.

Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

For additional information, please contact:

Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward-looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains, statements relating to the Company’s planned exploration activities, including its drill target strategy and next steps for the Bégin-Lamarche Property; and the Company’s interpretations and expectations about the results on the Bégin-Lamarche Property.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Cecilia Chang Earns Prestigious Recognition in the Insurance’s “Global 100” Award


HONG KONG SAR – Media OutReach Newswire – 14 May 2024 – Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, has been selected as one of the outstanding global leaders in the prestigious “Global 100” for 2024, a comprehensive roundup that highlights the best in the industry, by Insurance Business.

Ms. Cecilia Chang Earns Prestigious Recognition in the Insurance’s “Global 100” Award”.

The ‘Global 100’ list is a hallmark of excellence, featuring individuals who not only excel in their roles but also contribute significantly to the advancement of the industry. Cecilia Chang has emerged as one of the distinguished contributors to the industry.

Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, said, “I am deeply honored to have been selected as one of the ‘Global 100’ global leaders by Insurance Business, as the CEO of Generali Hong Kong. Leading Generali Hong Kong, we demonstrate our ambition to be a Lifetime Partner to our customers – a commitment I hold with great pride. This accolade is a reflection of our bold vision and the successful strategies we have implemented to stand out in a competitive field. I am proud of what we have achieved together and excited for the journey ahead as we continue to navigate the dynamic landscape of the insurance industry.”

Mr. Chris Sweeney, Managing Editor for Special Reports at Insurance Business, shared his insights on the selection process, stating, “It was inspiring to see so many talented and driven professionals operating in the industry from across the globe. Cecilia fully deserves this honour for being a high achiever, driving growth and innovation along with leading the insurance industry into a new era.”

The Insurance Business Global 100 list features outstanding professionals who are making a positive difference and helping drive change across the industry. Now in its fifth year, this formidable list of the biggest names in insurance was put together by Insurance Business, leveraging its unique position as a true global publication and reaching six different markets – the US, Canada, Australia, New Zealand, Asia-Pacific and the UK.
Hashtag: #Generali

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

Generali Hong Kong

In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.

Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

MoneyHero Appoints Hao Qian Chief Financial Officer

Former finance executive with Alibaba, Amazon, and Credit Suisse named MoneyHero’s permanent CFO


SINGAPORE – Media OutReach Newswire – 14 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the appointment of Hao Qian as the Company’s new permanent Chief Financial Officer (“CFO”), effective immediately. Reporting directly to MoneyHero’s Chief Executive Officer (“CEO”), Rohith Murthy, and the Company’s Board of Directors, Mr. Qian will be based at MoneyHero’s headquarters in Singapore.

Mr. Qian brings 17-plus years of diverse financial and leadership experience to MoneyHero. In his role as CFO, Mr. Qian will oversee all the Company’s financial systems and teams, including accounting, capital markets, compliance, and investor relations. Additionally, Mr. Qian will play a key role in strategic finance initiatives, including M&A and commercial partnerships.

“After conducting a thorough and competitive search process for our next CFO, we ultimately identified Hao as being the clear choice for our Company,” said Mr. Murthy. “Hao is a proven finance executive who has worked at globally respected organizations, including APAC-centric businesses and companies that are publicly traded on U.S. exchanges. Having recently listed on the Nasdaq ourselves, it was critical to find the right CFO who not only understands our model, markets, and mission, but also U.S. capital markets. Importantly, Hao has strong experience in scaling businesses and supporting ambitious growth strategies, and I am proud of our team for finding such an ideal candidate. I look forward to working closely together to build the business and drive shareholder value.”

Mr. Qian joins MoneyHero from Alibaba Group, where he held numerous senior finance positions over his nearly eight years with the global ecommerce giant, including serving as CFO of their Lazada business unit across multiple markets. Prior to Alibaba, Mr. Qian served as a Senior Financial Analyst with Amazon. He started his career with Credit Suisse, where he was a Risk Analyst focused on commodities and later an Assistant Vice President in the global credit products division. Mr. Qian’s prestigious educational credentials include a Master of Business Administration from the Sloan School of Management at the Massachusetts Institute of Technology, and a Master of Science (finance) from the Rochester Institute of Technology. He completed his undergraduate degree at Fudan University in Shanghai, China.

“I am thrilled to begin my tenure as the next CFO of MoneyHero,” said Mr. Qian. “This is a dynamic company with an exceptional leadership team, a supportive Board of Directors, strong growth drivers, and powerful access to capital. The business model and plans for expansion are sound, and I am bullish on how we can scale and optimize the Company’s financial systems to better support MoneyHero’s continued growth and market leadership.”

In connection with this appointment, Ivan Ho, who had served as the Company’s interim CFO since February 8th, will return to his previous role as MoneyHero’s Group Finance Director, where he will work closely with Mr. Qian.

For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com.

Hashtag: #moneyhero

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

About MoneyHero Group

(NASDAQ: ), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia with respective brands for each local market. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, CompareHero, Moneymax, and Seedly, as well as the B2B platform Creatory. MoneyHero currently manages 279 commercial partner relationships and services 8.7 million Monthly Unique Users across its platform for the 12 months ended December 31, 2023. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit .