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Tiong Nam Hospitality Group Expands Into Marina Industry With Pinetree Marina & Resort Puteri Harbour

New Venture Enhances Luxury Marina Experiences and Broadens Hospitality Portfolio


ISKANDAR PUTERI, JOHOR, MALAYSIA –Media OutReach Newswire – 4 July 2024 – Tiong Nam Hospitality Group has officially announced its expansion into the marina industry with the addition of a marina to Pinetree Marina & Resort, Puteri Harbour. This strategic move marks a significant milestone for the Group, which has been successfully managing the 107-room resort since 2018.

Pinetree Marina’s strategic location provides effortless access to crucial Southeast Asian maritime corridors, making it an ideal starting point for boaters from Phuket, Langkawi, Pangkor Island, Kota Kinabalu, and Singapore
Pinetree Marina’s strategic location provides effortless access to crucial Southeast Asian maritime corridors, making it an ideal starting point for boaters from Phuket, Langkawi, Pangkor Island, Kota Kinabalu, and Singapore

The newly added public marina currently boasts 76 berths, catering to various vessels. As part of the expansion plans, two additional categories will be introduced: a Private Marina and a Mega Yacht Marina. These upcoming facilities will offer modern, secure berths designed to accommodate a wide range of boats, from small to luxury vessels.

Johnny Lau, Senior General Manager for Tiong Nam Hospitality Group, stated, “This marina is our newest endeavor, reflecting our commitment to excellence and innovation in both the marina and hospitality industries. Its strategic location provides effortless access to crucial Southeast Asian maritime corridors, making it an ideal starting point for boaters from Phuket, Langkawi, Pangkor Island, Kota Kinabalu, and Singapore.”

The marina is situated at coordinates 01° 25.07′ N 103° 39.51′ E, offering members and guests a range of top-tier amenities, including a fuel dock, laundry facilities, shower rooms, buggy transportation, a customs, immigration and quarantine (CIQ) complex, and a marine department office. The berths are equipped with comprehensive 24-hour CCTV security systems and WiFi connectivity, ensuring a safe and comfortable experience.

Tiong Nam Hospitality Group, which also manages Hard Rock Cafe Puteri Harbour, Hard Rock Cafe Ipoh, Fraser Place Puteri Harbour, BRIX KLIA, and the upcoming 1975 Hotel and Avenue, aims to transform Pinetree Marina & Resort into a premier destination for yachting enthusiasts, leisure seekers, and business travelers. This rebranding signifies a fresh identity and a steadfast commitment to providing exceptional experiences, superior service, and top-notch amenities.

Hashtag: #pinetreemarina #pinetreeresort #tiongnam #marinaindustry #puterihabourjohor #yatch


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

About Pinetree Marina & Resort Puteri Harbour

Pinetree Marina & Resort Puteri Harbour marks Tiong Nam Hospitality Group’s strategic entry into the marina industry. Nestled along the picturesque Straits of Johor, the public marina currently offers 76 berths, with expansion plans to include Private and Mega Yacht Marinas, each designed to meet diverse yachting needs. Boaters and guests will enjoy an array of top-tier amenities, including a fuel dock, laundry facilities, shower rooms, buggy transportation, a customs, immigration, and quarantine (CIQ) complex, and a marine department office. The berths are also equipped with comprehensive 24-hour CCTV security systems and WiFi connectivity. The well-equipped marina is surrounded by numerous food and beverage outlets, as well as various tourist attractions.

Its resort boasts 107 contemporary apartments in a spectacular 25-floor building. Each room is equipped with a comprehensive kitchenette, laundry room, and Internet TV, ensuring a comfortable stay. The resort offers extensive facilities including a fitness center, swimming pool, sauna, steam room, and a library. For dining, guests can enjoy Bayang Coffee and delicious pastries.

The resort is an ideal venue for meetings and events, with elegant function spaces accommodating up to 200 guests. Its prime location provides easy access to key attractions like Legoland Malaysia, Horizon Hills Golf and Country Club, and Sunway Big Box Retail Park.

Pinetree Marina & Resort Puteri Harbour aims to enrich the community with luxurious yachting and hospitality experiences, making it an ideal venue for events set against Johor’s stunning coastal scenery.

Mamori.xyz raises US$5 million to revolutionize Web3 security and value extraction

ML-enabled blockchain intelligence startup aims to tackle “unknown unknowns” in smart contract vulnerabilities


NEW YORK, US – Media OutReach Newswire – 4 July 2024 – Mamori.xyz, an automated blockchain value extraction system, has successfully raised US$5 million in seed funding to advance its mission of revolutionizing Web3 security and optimization. The round was led by Blockchain Capital, with participation from Velocity.Capital and Web3.com.

Mamori.xyz has successfully raised US$5 million in seed funding led by Blockchain Capital, with participation from Velocity.Capital, Web3.com and notable angel investors
Mamori.xyz has successfully raised US$5 million in seed funding led by Blockchain Capital, with participation from Velocity.Capital, Web3.com and notable angel investors

The seed funding round also saw participation from notable angel investors, including Grigore Rosu, Daniel Lubarov, Alex Watts, Bo Du, Shujia Liang, Micheal Heinrich, Richard Adjei, and Antonio Viggiano.

Ryan Sproule, investor at Blockchain Capital, said, “We are very excited to support Mamori.xyz in their vision to make smart contracts more secure via modern advanced fuzzing techniques. By enhancing the developer toolkit, this will enable developers to spot more vulnerabilities earlier in a more scalable way.”

Disrupting Web3 security with ML-enabled blockchain intelligence

Mamori.xyz is an automated value extraction system optimized for blockchain security and value extraction, colloquially named a ML-enabled pathfinder. Its technology addresses critical challenges in the Web3 space, where cyber-attacks resulted in over US$2.4 billion in losses in 2023 alone. Traditional auditing tools, based on historical data, have proven inadequate in meeting the preventive security needs of this rapidly evolving industry.

Mamori.xyz is augmenting Web3 security via an algorithm that caters to major challenges and issues on blockchain-based software. Leveraging ML-enabled value extraction systems to navigate and optimize blockchain ecosystems, covering zero-day economic exploit detection, MEV identification, and intent solving for transaction optimization, Mamori.xyz creates a comprehensive solution that safeguards against unknown vulnerabilities while maximizing blockchain efficiency and profitability.

Multifaceted, future-proof solution for security and efficiency

Mamori.xyz addresses critical industry challenges by combining smart contract auditing with value extraction capabilities. Its algorithm adapts situationally to extract value from any blockchain-based software, identifying vulnerabilities without any prior knowledge of exploit methodologies (unknown unknowns).

The solution redefines Web3 security by moving beyond traditional auditing to proactive, interdisciplinary technologies to mitigate threats and optimize values. Its adaptive architecture offers future-proof solutions to evolving blockchain ecosystem needs.

Grigore Rosu, Advisor of Mamori.xyz, Professor of Computer Science at UIUC, Founder of Runtime Verification and Founder of Pi Squared, said, “I am very excited to witness Mamori.xyz’s mission to bring advanced ML-integrated fuzzing techniques to smart contract security. Their automated search and light specification approach form the perfect complement to formal verification. We are closer than ever to a future where smart contract developers get all the following at the push of a button: Mamori.xyz’s tools help eliminate programming errors while learning the contract specification, semantics-based formal verification tools prove the program correct wrt the specification, then the correctness proof is ZK-ed and posted on-chain as verifiable evidence. Programmatically verify, not trust, security audits.”

Andy M. Lee, Founder of Mamori.xyz, said, “Mamori.xyz aims to address the critical space within the blockchain space, where incidents caused by cyber-attacks, technical and economic exploits, and vulnerabilities in smart contracts or logic have led to significant losses in the industry. We are honored to be supported by Blockchain Capital, Velocity Capital, Web3.com and other angel investors in our seed funding to help us further our mission to facilitate a new standard in smart contract auditing, paving the way for mass adoption.”

With this funding, Mamori.xyz is poised to disrupt the Web3 security landscape by offering a multifaceted, future-proof solution that addresses both security and efficiency concerns in blockchain ecosystems. The system has entered the proof-of-concept stage, successfully testing the algorithm’s efficiency and feasibility of integrating interdisciplinary intelligence based on Swarm Intelligence, and demonstrating Mamori.xyz’s ability to identify existing limitations of security auditing techniques to protect against the “unknown unknowns”.

Hashtag: #Mamori


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

About Mamori.xyz

.xyz is a ML-enabled pathfinder for blockchain value extraction, that can be applied to zero-day economic exploits, MEV search and intent solving, addressing the challenges of scalability, automation, exploit detection relevance, and efficacy in the Web3 value extraction landscape. We apply interdisciplinary technologies and protect against the “unknown unknowns” vulnerabilities. To achieve this, we leverage algorithmic parsing techniques to establish smart contract sequences, utilize reproducible stateful computation techniques, and incorporate innovative and customizable algorithmic feedback mechanisms.

To stay updated with Mamori.xyz, follow them at

DHL Global Forwarding and Shell Eco-marathon Extend Partnership to Empower the Changemakers of Tomorrow

  • DHL Global Forwarding Indonesia announces its second-year partnership to support Shell Eco-marathon programme
  • Over US$335,000 Benefits-in-Kind contributed for the Asia Pacific and the Middle East Competition 2024
  • This strategic partnership is in line with the DHL’s ambitious sustainability objectives

JAKARTA, INDONESIA – Media OutReach Newswire – 4 July 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has announced its continued partnership as the Official Logistics Partner for the Shell Eco-marathon Asia Pacific and the Middle East competition. Building on last year’s success, DHL Global Forwarding Indonesia has contributed over US$335,000 of Benefits-in-Kind this year, providing logistics services, expertise, consultancy, and knowledge-sharing support for student teams competing in the programme.

DHL Global Forwarding and Shell Eco-marathon Extend Partnership to Empower the Changemakers of Tomorrow
DHL Global Forwarding and Shell Eco-marathon Extend Partnership to Empower the Changemakers of Tomorrow

Shell Eco-marathon is a globally recognized platform that challenges student teams from across the globe to push the boundaries of energy efficiency with their innovative vehicle designs. The Asia Pacific and the Middle East competition will take place at the Pertamina Mandalika International Street Circuit in Lombok, Indonesia, from 2 to 6 July, 2024. With over 80 student teams competing in the Prototype and Urban Concept categories, the event promises to showcase groundbreaking ideas and innovation for a more sustainable energy future.

As the Official Logistics Partner, DHL Global Forwarding Indonesia provides comprehensive end-to-end logistics solutions for the competition, leveraging their expertise in multi-modal freight solutions. This includes transporting Shell Eco-marathon’s event equipment, the student teams’ race cars and equipment, including batteries, chemicals and other dangerous goods shipments. In addition, DHL Global Forwarding Indonesia is harnessing its extensive expertise in customs clearance and paddock ground handling to navigate the regulatory complexities of Mandalika, a Special Economic Zone. It requires meticulous documentation and expert customs clearance solutions to ensure seamless operations and compliance with the unique regulations.

“At DHL, we firmly believe that logistics can be a catalyst for transformative change,” said Thomas Tieber, CEO DHL Global Forwarding Southeast Asia and South Pacific. “Our commitment extends beyond delivering exceptional logistics services for the event. We are equally passionate about sharing our expertise with the next generation of innovators, facilitating seamless shipping processes for these young changemakers while supporting a programme that enhances youth’s personal development,” added Tieber.

In addition to logistics support, DHL Global Forwarding Indonesia actively engages in knowledge-sharing activities. In collaboration with Shell Eco-marathon programme, DHL Global Forwarding Indonesia has developed comprehensive shipping guidelines and conducted informative seminars, benefiting more than 900 students. Moreover, DHL Global Forwarding Indonesia offers follow-up consultancy services to help student teams navigate the rules and paperwork associated with the competition. These valuable resources are provided at no cost, emphasizing DHL’s dedication to nurturing the next generation of innovators.

“Shell Eco-marathon has 39 years of tradition, bringing together students from all over the world to push the boundaries of energy efficiency through competition. With DHL as our Official Logistics Partner, we are powering the next generation of energy leaders as we collectively striving to redefine the boundaries for a more sustainable energy future,” said Norman Koch, Shell Eco-marathon Global Programme Head.

The partnership between DHL Global Forwarding and Shell Eco-marathon is aligned with DHL’s ambitious sustainability objectives. The DHL Group is committed to reducing emissions to under 29 million tons by 2030 in alignment with the Science-Based Targets Initiative and aims to achieve net-zero emissions logistics by 2050.
Hashtag: #DHLGlobalForwarding



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

DHL – The logistics company for the world​

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

New Train Service from Bangkok to Vientiane Starts 19 July

Train service from Bangkok to Vientiane will start on 19 July 2024. (Photo: Pathet Lao Daily)

A new international train service between Bangkok and Vientiane, Laos, will begin on 19 July, according to the State Railway of Thailand (SRT).

TOJOY Shared Holding Group Launches Entrepreneur Incubator 3.0 Strategy to accelerate the Innovation Incubation Ecosystem

HONG KONG SAR – Media OutReach Newswire – 4 July 2024 – The Entrepreneurs Summer Cooperation Conference 2024 and the TOJOY Entrepreneur Incubator 3.0 Strategic Launch were held in Beijing, China. The conference highlighted five key investment sectors, which attracted more than 30 unicorn and potential unicorn projects that were showcased and opened up collaboration opportunities. On the other hand, as TOJOY approaches its 33rd anniversary, the company officially launched its Entrepreneur Incubator 3.0 strategy.

GE Jun Co-Chair of the Board of TOJOY Shared Group stated in his remarks that the TOJOY Entrepreneur Incubator 3.0 strategy will provide stronger support for innovative enterprises on their path to becoming unicorns.
GE Jun Co-Chair of the Board of TOJOY Shared Group stated in his remarks that the TOJOY Entrepreneur Incubator 3.0 strategy will provide stronger support for innovative enterprises on their path to becoming unicorns.

The conference was jointly organized by the China Business Federation and TOJOY Shared Group. Attendees included former Austrian Chancellor Werner Faymann, President of the China Association of Listed Companies Song Zhiping, Executive Vice President and Secretary-General of the China Business Federation Wang Min, President of the Beijing Yaoyang Charity Foundation Jiang Dan, and GE Jun, Co-Chair of the Board of TOJOY Shared Group, Chairman of Board and CEO of TOJOY Enterprise Services, along with over a thousand entrepreneurs.
The conference focused on five key investment sectors in the new economy
Over 30 unicorn and potential unicorn projects from these high-growth sectors were featured, gathering to share collaboration and development opportunities. This showcased the emergence of a new batch of innovative enterprises poised to drive China’s economic transformation.
In the opening remarks, Wang Min, Executive Chairman and Secretary-General of the China Business Federation, stated that “Cooperation is the source of development and the foundation for win-win outcomes. Many traditional entrepreneurs have found transformation paths through platforms, while many new economy innovative enterprises have achieved accelerated growth through platform empowerment, creating new value for society.”
In his remarks, GE Jun Co-Chair of the Board of TOJOY Shared Group, Chairman of Board and CEO of TOJOY Enterprise Services, stated that “China’s economy is currently at a critical stage of transformation and upgrading, with technological innovation leading economic development. However, in his view, the primary productive force for realizing economic transformation is not just technology itself, but the entrepreneurial spirit that supports technological creation.”
When discussing how to address the issue of a decline in the number of new unicorn enterprises, GE Jun believes that the ability to leverage effective resources to drive the development of innovative enterprises is the key. He stated that the TOJOY Entrepreneur Incubator 3.0 strategy will provide stronger support for innovative enterprises on their path to becoming unicorns.
Entrepreneur Incubator 3.0 Strategy: Building a Collaborative Incubation Ecosystem
“Entrepreneur Incubator 3.0” is an entrepreneur incubating ecosystem developed based on TOJOY’s accumulated experience over the years. To explain with an equation, Entrepreneur Incubator 3.0 = CEO × (Advanced Model + Advanced Mechanism + Platform Empowering + Partnership). By integrating the five dimensions of the equation, TOJOY provides comprehensive acceleration services to enterprises and incubates business leaders and leading enterprises for the new era.
Currently, the TOJOY Boss Cloud has registered users exceeding 4.5 million. It holds thousands of offline events and tens of thousands of online events annually. Leveraging its powerful entrepreneur resource sharing platform and self-operating management mechanism that brings happiness to its entrepreneurs, TOJOY has successfully incubated hundreds of unicorn and near-unicorn enterprises. It has constructed a more open, intelligent and efficient entrepreneurial incubation ecosystem, expanding its incubation services to cover the full life cycle of an entrepreneur’s personal growth.

Hashtag: #Fintech #Incubator #Entrepreneur

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

ONESIAM Launches Major Mid-Year Giveaway for International Tourists Visiting Bangkok: Register to Win Big with the ONESIAM Tourist Card


BANGKOK, THAILAND – Media OutReach Newswire – 4 July 2024 – Get ready to embark on an extraordinary journey with the ONESIAM Tourist Grand Giveaway, a spectacular campaign designed to delight international tourists visiting Bangkok this summer. Running from July 1 to September 30, 2024, this grand giveaway is set to deliver unparalleled experiences and fantastic prizes. Whether you’re exploring Bangkok’s vibrant culture or indulging in world-class shopping and dining, the ONESIAM Tourist card is your key to unlocking incredible rewards.

Simply register for the ONESIAM Tourist card to win over 90,000 spectacular prizes with the ONESIAM TOURIST Grand Giveaway
Simply register for the ONESIAM Tourist card to win over 90,000 spectacular prizes with the ONESIAM TOURIST Grand Giveaway

The ONESIAM Tourist Grand Giveaway aims to elevate the ONESIAM experience by partnering with 41 esteemed Siam Piwat Global Ecosystem Partners across the shopping, dining, entertainment, travel, and hospitality sectors. This exciting campaign offers over 90,000 prizes worth more than 15 million baht, including free round-trip air tickets to the stunning island of Samui for a serene beach getaway, complimentary stays at luxurious 5-star hotels, premium spa treatments for ultimate relaxation, exquisite afternoon tea sessions, Michelin-star dining vouchers at the renowned Blue by Alain Ducasse, free entry to world-class attractions in Bangkok, and much more.

This ONESIAM Tourist Grand Giveaway is one highlight in a series of events and activities by ONESIAM, which aims at enriching guest experiences and promoting Siam Piwat’s 6 world-class experiential destinations as premier global destinations. This initiative comes at an opportune time as tourism in Thailand is seeing a significant uptick. The Tourism Authority of Thailand (TAT) expects the number of foreign arrivals to reach 35 million this year. Strategically launched to welcome the influx of tourists during the peak travel season, the ONESIAM Tourist Grand Giveaway supports the Thai government’s goals to boost tourism and encourage tourist spending by providing an excellent opportunity for tourists to benefit from all the brands within Siam Piwat’s expansive ecosystem.

To participate, tourists need to register for the ONESIAM Tourist Card, which can be completed easily online from July 1 to September 30, 2024, at https://bit.ly/ONESIAMTouristGrandGiveaway.

In addition to exclusive tourist privileges such as discounts up to 30%, complimentary dining vouchers and access to tourist services and facilities across Siam Paragon, Siam Center, Siam Discovery, ICONSIAM, ICS and Siam Premium Outlets Bangkok, registering now also means winning exciting prizes. Once registered, participants will receive a digital ONESIAM Tourist card via email. This card, complete with a barcode and a confirmation banner, unlocks spectacular prizes and makes a visit to Bangkok truly unforgettable.

Apply for the ONESIAM Tourist card now and claim your prize at either of these locations: Tourist Service Center at Siam Paragon, on the G Floor, next to SCB bank or the Tourist Lounge at ICONSIAM, on the 1st Floor of the ICONLUXE Zone. From July 15 to September 30, 2024.

For more details about the ONESIAM Tourist Grand Giveaway, please visit https://tourist.onesiam.com/en/4928/onesiam-tourist-grand-giveaway/. Get your ONESIAM Tourist card today and be part of Bangkok’s most exciting tourist campaign!

Hashtag: #SiamPiwat #ONESIAMTOURISTGRANDGIVEAWAY #ONESIAM #SiamParagon #ICONSIAM #ONESIAMexperience #MidYearSale #BestShoppingMallsinAsia #ShoppingMallsinBangkok #GlobalDestinations #ThailandRetail #GlobalRetail #RetailAsia

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

About ONESIAM

ONESIAM is a pioneering guest experience program initiated by Siam Piwat, one of Asia’s leading luxury retail developer and operator, to offer visitors, local and international, access to extraordinary experiences across its 6 world-class experiential destinations.

The ONESIAM experience presents “a collective of extraordinary experiences” from world-class destinations in the heart of Bangkok, namely Siam Paragon, Siam Center and Siam Discovery, ICONSIAM – the global landmark by the Chao Phraya River, ICS, Siam Premium Outlets Bangkok – the only premium luxury outlet in Thailand, as well as ONESIAM SuperApp – the smart digital platform. The ONESIAM Experience aims to share the breadth of the collective destinations while promising to amaze, inspire and revolutionize visitors through exceptional and enriching experiences, ultimately offering a comprehensive journey, unmatched anywhere else in the world.

Blissful Brides Announces Upcoming BOWS Event, Largest Wedding Show


SINGAPORE – Media OutReach Newswire – 4 July 2024 – Blissful Brides is thrilled to announce the upcoming Blissful One-Stop Wedding Show (BOWS) 2024, Singapore’s most anticipated wedding event, set to take place on September 28th and 29th at the Marina Bay Sands Convention Centre from 11 AM to 8 PM. This year’s event promises to be the grandest yet, offering couples a chance to win back deposits from the $50,000 Cash Rebate.

Since its inception in 2005 and now held thrice yearly, BOWS has become a staple in the wedding planning community, bringing together a wide array of wedding products and services under one roof. Attendees can expect performances by wedding musicians, workshops, and endless wedding inspiration, all within a venue tailored to a unique theme for each event. Additionally, couples can explore an extensive range of wedding planning resources, including indoor and outdoor wedding venues, and bridal gown rental in Singapore.

Blissful Brides has continuously strived to create a comprehensive and memorable experience for soon-to-be-married couples. In addition to the vendor offerings, the event will include photo-worthy setups and decorations, catering to both indoor and outdoor wedding plans. With a robust network of trusted suppliers and caterers, BOWS ensures every aspect of wedding planning is covered.

Blissful Brides is Singapore’s premier all-in-one wedding guide, dedicated to helping couples realise their dream weddings with ease and looking to tick off their all-encompassing wedding planning checklist. Offering an extensive array of resources, Blissful Brides aims to make wedding planning enjoyable and stress-free. To further support couples in their wedding planning journey, Blissful Brides offers a suite of free wedding planning tools available on its website. From Wedding Checklist and Wedding Budget Calculator to Guest List and Seating Planner, these tools are designed to streamline the planning process and ensure every detail is meticulously managed.

With over a decade of experience in the wedding industry, Blissful Brides has established strong relationships with vendors. Through the platform, Blissful Brides connects couples with a variety of services, including jewellery, venues, restaurants, and dresses, ensuring every detail of their special day is perfect.

For more information on Blissful Brides and its wide range of wedding-related resources, please visit https://www.blissfulbrides.sg/.

For more details about the event, please visit https://bows.sg.
Hashtag: #BlissfulBrides #BOWS



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

Goldstream Investment Limited: Proposed Strategic Acquisition of Three High-quality Assets

HONG KONG SAR – Media OutReach Newswire – 3 July 2024 – Goldstream Investment Limited (stock code: 1328.HK) announced that on 28 June 2024 its wholly-owned subsidiaries and the wholly-owned subsidiaries of Hony Capital Group Limited signed three respective agreements, including Feasible Result agreement, USFL agreement and TechStar agreement, and proposed to acquire three high-quality assets of Hony Capital Group Limited at a total acquisition consideration of approximately US$38 million.

The consideration for shares for sale of Feasible Result is US$26 million. Upon the completion of the transaction, Goldstream Investment Limited will indirectly own 30% of Feasible Result. Feasible Result indirectly owns 100% equity interest in Shanghai Li Fung, which is in turn the registered owner of LiFung Plaza. LiFung Plaza was jointly built by Fung Holdings (1937) Limited and Hony Capital Group Limited, which is located in the core area of the Shanghai science and technology innovation hub – Caohejing Hi-Tech Park, and the park’s positioning fully fits with Shanghai’s plan to build a “3+6” new industrial system. It has transformed into a vibrant community centered around the AI and fashion industries, drawing in a cluster of technology and new economy companies to settle in.

The consideration for shares for sale of USFL is US$5 million. Upon the completion of the transaction, Goldstream Investment Limited will indirectly own 32% of USFL. The sole assets of USFL will be 908,000 Advaccine Shares and USFL will not have any liabilities. Advaccine is a leading biotechnology enterprise incorporated in China, the shares of which were listed and traded on the NEEQ in February 2023 (stock code: 874055). The principal business activities of Advaccine are to develop and produce innovative vaccines and drugs based on its antigen technology platform, adjuvant technology platform and drug delivery technology platform. The RSV vaccine developed by Advaccine is one of the fastest developing products in China and is expected to complete phase II clinical trials by 2024.

The total consideration for shares for sale and warrants for sale of TechStar is US$6.877 million. TechStar is a special purpose acquisition company (SPAC) listed in the Stock Exchange of Hong Kong focusing on the acquisition of high-growth companies in the “new economy” sector in China (stock and warrant codes are 7855 and 4855, respectively). The successful De-spac Transaction will provide TechStar with potential value growth opportunities.

The Directors of Goldstream Investment Limited (excluding the independent non-executive directors) believe that the strategic acquisition assets were carefully selected from the existing investments of Hony Capital Group Limited, with high quality and favourable terms, which can effectively improve the capital base and market capitalization of Goldstream Investment Limited. In the future, shareholders can expect further high-quality asset injections by Hony Capital Group Limited on favorable terms, which is conducive to the share price and market performance of Goldstream Investment Limited.

Hashtag: #GoldstreamInvestment

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