30 C
Vientiane
Monday, June 9, 2025
spot_img
Home Blog Page 1526

Glints Reveals Increased Demand for Southeast Asian Startup Talent from Hong Kong and Mainland China

Glints observes a rise in cross-border hiring from Hong Kong and mainland China to Southeast Asia, with Hong Kong companies aiming for cost-efficiency and talent acquisition, while mainland China prioritizes expansion and utilizes Singapore as a strategic base.


HONG KONG SAR – Media OutReach Newswire – 4 March 2024 – Glints, the leading talent platform and solution in Southeast Asia, and Monk’s Hill Ventures (‘MHV’) today released The Southeast Asia Startup Talent Report 2024, providing the latest insights on the impact of Artificial Intelligence (AI) on hiring and team building and the overall talent landscape in Southeast Asia.

The report identifies hiring trends, salary, and equity data for startup talent from over 10,000 data points, 183 C-suites and founder data points, and interviews with founders across Singapore, Indonesia, Vietnam, and China’s Taiwan.

While 2023 saw divergent salary trends in Southeast Asia’s tech sector, with junior engineering roles experiencing a 6% decline, revenue-generating roles such as business development and sales saw increases of up to 20%. This can be attributed to startups prioritizing profitability and cost-saving measures. However, demand for Southeast Asian talent remains strong despite global layoffs and cost-cutting measures, as evidenced by a fourfold increase in cross-border job postings from Hong Kong and mainland China observed by Glints in the first half of 2023 compared to the same period in 2022.

Key market observations:

  • Hong Kong companies target SEA tech talent for skill sets and cost savings: Salary differentials are a key driver, with roles in Taiwan offering 30-40% lower costs compared to Hong Kong for sought-after mid-level positions such as full-stack developers, DevOps engineers, and data scientists, based on our observations. Markets in Southeast Asia such as Vietnam and Malaysia can offer even lower costs for similar positions. This provides employers with cost savings while acquiring tech talent in a competitive market.
  • Mainland China companies prioritizes sales, business development, and marketing/PR in Southeast Asia: A study by Bailian.AI surveying 366 mainland China-based companies aligns with these observations. The top reasons for hiring cross-border talent in Southeast Asia include expanding into the region or using Singapore as a global base, with a focus on local business development talent for localization and market understanding. This highlights local knowledge for successful sales, marketing, and PR campaigns.

“The increase in cross-border hiring by Hong Kong and mainland China-based companies reflects their strategic responses to different market needs. Hong Kong companies are focusing on cross-border hiring to enhance profitability and reduce costs by accessing a wider talent pool for building high-quality teams. On the other hand, mainland China-based firms are leveraging this approach to support their expansion into Southeast Asia or on a global scale, with Singapore often serving as a pivotal base. Both, however, encounter the shared challenge of localization in Southeast Asia, where navigating culture, customs, and regulations becomes crucial in establishing effective regionally distributed teams,” said Puay-Lim Yeo, Managing Director of Glints.

Key findings from the report include:

  1. Startup salaries in Southeast Asia fell in 2023 with junior engineering roles seeing the sharpest decline of 6%. However, most senior tech roles saw steady year-on-year growth, with senior engineer roles posting a 2-3% increase.
  2. The supply of junior candidates in Southeast Asia increased significantly due to tech layoffs. This influx has resulted in a downward adjustment of salaries across various positions. In contrast, senior talents, such as VPs of Engineering, remain in demand.
  3. Soft skills such as critical thinking and creative thinking are increasingly prioritized due to a tightened market and an emerging AI-centric landscape. Additionally, a growing number of founders in Southeast Asia now see proficiency in AI tools as a basic requirement for both tech and non-tech roles, akin to the use of email or Excel.
  4. AI is boosting productivity in the workplace in Southeast Asia, yet jobs remain secure. Founders recognize employee concerns about job displacement as a key obstacle for AI adoption in the workplace, yet, these fears have not materialized in practice.
  5. Hybrid work is rising in Southeast Asia as startups prioritize flexibility to retain talent. Flexible work arrangements, including hybrid models, are trending at the top of startups’ strategies for retaining talent. This move towards hybrid work to balance operational efficiency with employees’ growing demand for flexibility, is expected to persist into 2024.

A copy of the report can be downloaded here.

Note to editor:
Methodology – We analyzed over 10,000 data points for tech startup roles in Singapore, Indonesia, Vietnam, and Taiwan from Glints’ and Monk’s Hill Ventures’ databases. We conducted detailed surveys and in-depth interviews with 183 C-suite executives and founders, alongside a qualitative survey involving 72 startups within the specified countries. Additionally, our findings were enriched by insights from the 2023 Glints report on “ChatGPT’s influence on the labor market,” which surveyed 1,838 respondents across Southeast Asia. Our methodology aimed to provide a holistic view of the startup ecosystem, focusing on roles, compensation, AI trends, and the future of work, ensuring a robust framework for understanding the evolving landscape of startup talent in Southeast Asia.

Hashtag: #glints

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

About Glints

Glints is the leading talent platform and solution in Southeast Asia. Our mission is to enable the 120 million professionals in the region to grow their careers and empower organizations to hire the right talent from anywhere in Southeast Asia. Officially launched in 2015 in Singapore, Glints has empowered more than 6 million talents and 60,000 organizations to realize their human potential. Today, we stand at the forefront of human capital empowerment as the fastest-growing startup in the career development and talent recruitment space. Glints operates in Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Taiwan. For more, visit .

About Monk’s Hill Ventures (MHV)

Founded in 2014 by entrepreneurs Peng T. Ong and Kuo-Yi Lim, MHV is a venture capital firm investing in early-stage tech companies, primarily Pre Series-A and Series A, in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in the region. For more, visit .

Hong Kong Engineers Week Carnival concluded in success

Primary school students design their “Dream City” to unleash creativity and cultivate interest in engineering


HONG KONG SAR – Media OutReach Newswire – 3 March 2024 – The annual flagship event “Hong Kong Engineers Week Carnival”, organised by The Hong Kong Institution of Engineers (HKIE), successfully concluded today at the Harbourside Lawn, West Kowloon Cultural District. The three-day carnival received an overwhelming response, attracting over 46,000 participants. The HKIE expresses great appreciation to the enthusiastic participation of the public and the unwavering support from sponsors and government departments.

The Carnival with the theme “Be the Change” held its closing ceremony today. Ir Dr Barry LEE Chi Hong, the HKIE President, said in his speech, “We are delighted to have successfully organised the Carnival for the second consecutive years. Engineers have been contributing to society with their professionalism. There are 22 engineering disciplines, including building, civil, aircraft, electronics, environmental, fire and nuclear, and they all affect our daily lives. This event serves as a good start and we hope the public see the different sides of engineers. The HKIE will continue to collaborate with stakeholders to promote engineering profession and attract more young talents to join this meaningful work, together making contributions to the development of Hong Kong.”

The closing ceremony was attended by over a hundred guests. The HKIE presented appreciation certificate to sponsors to show appreciation for their support. Different performances were also arranged, including a music performance by local music group per se, magic show and kid’s dance performance.

On other hand, the “Our Dream City” primary school design competition concluded after three days of public voting and judging. Precious Blood Primary School, St. Francis of Assisi’s Caritas School (Team 2), and Chai Wan Kok Catholic Primary School (Team 1) were crowned as the champion, first runner-up, and second runner-up, respectively. The competition involved teams of primary four to primary six students who, with the guidance and collaboration of engineering mentors, designed and built models of their “Dream City”. Ten selected models were exhibited at Harbourside Lawn, West Kowloon Cultural District during the three-day Carnival. Today, students delivered presentations, sharing the elements they envisioned for their “Dream City”. The HKIE hopes that this event will unleash students’ creativity, foster teamwork, enhance their interest in urban development and the field of engineering, and promote the importance of sustainable development in society.

The “Engineer Alliance” competition held its final round today, where five young engineers showcased their professionalism and leadership through individual speeches. After the evaluation by judges and public voting, Ir Eva LEE emerged as the team leader, while Mr Anthony CHAN and Miss Miro CHAN became deputy team leaders.

Starting from 29 February, the HKIE organises Career Fairs at different tertiary institutions, providing information and advice to students interested in joining the engineering field. Additionally, on 9 March (Saturday), the “Guangdong- Hong Kong-Macao Greater Bay Area Tertiary Institution Innovation Project Invitational Competition” will be held to cultivate talents and promote exchange among engineering departments of higher education institutions in the Greater Bay Area.

For more information, please visit:
Hong Kong Engineers Week 2024 official website: https://hkengineersweek.com/
The Hong Kong Institution of Engineers Facebook: https://www.facebook.com/TheHKIE
The Hong Kong Institution of Engineers Instagram: https://www.instagram.com/the_hkie/
The Hong Kong Institution of Engineers LinkedIn:https://hk.linkedin.com/company/the-hkie

Click here to download the photos

Photo 1:
Ir Dr Barry LEE Chi Hong, the HKIE President delivered speeches at the Closing Ceremony.
Photo 2:
Captain of “Engineer Alliance”, Ir Eva LEE (3rd left) and Vice-captain Mr Anthony CHAN (1st left) and Miss Miro CHAN (2nd left) took a photo with Jury, teammate Mr Hansel KWOK (2nd right) and Miss Jessy Ng (1st right).
Photos 3, 4 and 5:
After a fierce competition, the winner of “Our Dream City” Primary Student Design Contest was Precious Blood Primary School.
Photos 6, 7 and 8:
Different performances were also arranged, including magic show and kid’s dance performance.
Photo 9:
Music Group per se performed on stage to the enthusiastic audience.
Photos 10 and 11:
The three-day carnival attracted over 46,000 participants.

Hashtag: #HKIE

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

About the HKIE

The Hong Kong Institution of Engineers (HKIE) – previously The Engineering Society of Hong Kong – was founded in 1947. In 1975, the HKIE was incorporated under the Hong Kong Institution of Engineers Ordinance, Chapter 1105 of the Laws of Hong Kong. Today the HKIE has over 34,000 members, of which around 17,000 are Corporate Members.

The Institution aims to bring together engineers of different disciplines for their common good. The HKIE is committed to upholding the quality of membership, and sets standards for the training and admission of engineers from 22 engineering disciplines. It also has strict rules governing members’ conduct and is dedicated to raising the ethical standards of professional engineers in Hong Kong. For more information about the HKIE, please visit

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages LuxUrban Hotels, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LUXH

New York, New York – Newsfile Corp. – March 1, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff motion.

SO WHAT: If you purchased LuxUrban securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the LuxUrban class action, go to https://rosenlegal.com/submit-form/?case_id=22523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 12, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) LuxUrban had not signed a lease with the Royalton Hotel, a four star hotel located in New York; (2) as a result, LuxUrban’s total reported units was overstated; (3) LuxUrban faced multiple lawsuits for unpaid rent; and (4) as a result of the foregoing, defendants’ positive statements about LuxUrban’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the LuxUrban class action, go to https://rosenlegal.com/submit-form/?case_id=22523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Sunnova Energy International Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NOVA

New York, New York – Newsfile Corp. – March 1, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sunnova Energy International Inc. (NYSE: NOVA) between February 25, 2020 and December 7, 2023, both dates inclusive (the “Class Period”), of the important April 16, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Sunnova securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sunnova class action, go to https://rosenlegal.com/submit-form/?case_id=22626 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 16, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Sunnova routinely engaged in predatory business practices against disadvantaged homeowners and communities, the same groups that Project Hestia, an agreement with Sunnova and the U.S. Department of Energy’s Loan Programs Office to support solar loans originated by Sunnova under a new solar loan channel, was purportedly intended to benefit; (2) the foregoing conduct subjected Sunnova to a heightened risk of regulatory and/or governmental scrutiny, as well as significant reputational and/or financial harm; and (3) as a result, Sunnova’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sunnova class action, go to https://rosenlegal.com/submit-form/?case_id=22626 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

ROSEN, NATIONAL TRIAL COUNSEL, Encourages Amylyx Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AMLX

New York, New York – Newsfile Corp. – March 3, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) between November 11, 2022 and November 8, 2023, both dates inclusive (the “Class Period”), of the important April 9, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Amylyx securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Amylyx class action, go to https://rosenlegal.com/submit-form/?case_id=22470 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants had overstated AMX0035’s (commercially referred to as “RELYVRIO” in the U.S.), a treatment used for amyotrophic lateral sclerosis (“ALS”), also known as Lou Gehrig’s disease, commercial prospects; (2) patients were discontinuing treatment with RELYVRIO after six months; (3) the rate at which new patients were starting treatment with RELYVRIO was decreasing; (4) accordingly, defendants had also overstated RELYVRIO’s prescription rate; (5) defendants attempted to hide the foregoing negative trends from investors and the market by blocking analysts from viewing RELYVRIO’s prescription data; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Amylyx class action, go to https://rosenlegal.com/submit-form/?case_id=22470 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Xponential Fitness, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – XPOF

New York, New York – Newsfile Corp. – March 1, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Xponential Fitness, Inc. (NYSE: XPOF) between July 26, 2021 and December 7, 2023, both dates inclusive (the “Class Period”), of the important April 9, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Xponential common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Xponential class action, go to https://rosenlegal.com/submit-form/?case_id=17334 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Xponential had permanently closed at least 30 stores; (2) Xponential’s reported same-store sales and average unit volume metrics had been misstated by excluding underperforming stores; (3) 8 out of 10 Xponential brands were losing money monthly; (4) over 50% of Xponential studios did not make a positive financial return; (5) over 60% of Xponential’s revenue was one-time and non-recurring; (6) more than 100 of Xponential’s franchises were for sale at a price that is at least 75% less than their initial cost; (7) Xponential had misled many of its franchisees into opening franchises by misrepresenting the financial profile and profitability of its studios, as well as the expected rate of return for new studio openings; (8) many Xponential franchisees were substantially in debt, suffering high attrition rates and running non-viable studios that had no realistic path to profitability; and (9) based on the foregoing, defendants lacked a reasonable factual basis for their positive statements about Xponential’s then-current business operations and future financial prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Xponential class action, go to https://rosenlegal.com/submit-form/?case_id=17334 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Exciting Activities at Hong Kong Engineers Week Carnival Creates a Great Atmosphere for the Weekend

Winner of “Our Future Engineers” Quiz Competition Announced


HONG KONG SAR – Media OutReach Newswire – 3 March 2024 – The Hong Kong Institution of Engineers (HKIE) is hosting the Hong Kong Engineers Week Carnival (the Carnival) with the theme “Be the Change” at Harbourside Lawn, West Kowloon Cultural District, from today until 3 March (Sunday). The Carnival features a series of exciting activities and over 40 booths and games from different partners. It aims to showcase the diverse engineering industry and has attracted many citizens and parents who have brought their children to participate.

Today, the second day of the Carnival, the “Our Future Engineers” Secondary Student Quiz Contest was held. The purpose of the competition is to inspire students to take an interest in engineering and provide them the opportunities to interact with practicing engineers. HKIE members invite student from their graduated secondary school to form teams and compete on behalf of their schools in a group quiz competition focusing on engineering-related knowledge and science. The first round contest was completed earlier, and three teams were selected out of 12 teams to compete in the finals today. The students demonstrated excellent performance and the contest was intense. After two rounds of competitions, the Champion, first runner-up and second runner-up were awarded to Shun Tak Fraternal Association Leung Kau Kui College, Our Lady of the Rosary College and Shun Tak Fraternal Association Yung Yau College respectively.

Five finalists from “Engineer Alliance” took part in a quiz competition, demonstrating their professionalism to the public. The final round of “Engineer Alliance” speech competition will take place tomorrow (3 March), and the winner will be determined by a panel of judges and public voting.

Various performance groups entertained the public with exciting shows, including a Singing performance by artist Travis WONG, rope performance, freestyle football, and Yo-Yo performance. The Carnival will be open to the public for free tomorrow, featuring the “Our Dream City” primary school design competition and the closing ceremony.

For more information, please visit:
Hong Kong Engineers Week 2024 official website: https://hkengineersweek.com/
The Hong Kong Institution of Engineers Facebook: https://www.facebook.com/TheHKIE
The Hong Kong Institution of Engineers Instagram: https://www.instagram.com/the_hkie/
The Hong Kong Institution of Engineers LinkedIn:https://hk.linkedin.com/company/the-hkie

Click here to download the photos

Photo 1:
Hong Kong Engineers Week Carnival enters its second day, and the HKIE President Ir Dr Barry LEE Chi Hong hopes to create a great atmosphere for the weekend with exciting performances and activities.
Photo 2:
The Champion of “Our Future Engineers” Secondary Student Quiz Contest: Shun Tak Fraternal Association Leung Kau Kui College were awarded trophies, certificates and book vouchers worth HK$5,000 in recognition of their outstanding performance.
Photos 3 and 4:
Group photo of the HKIE President Ir Dr Barry LEE Chi Hong (upper: 9th left: lower: 9th left , back row) and all teams of “Our Future Engineers” Secondary Student Quiz Contest.
Photo 5:
“Engineer Alliance”- Knowledge Quiz Competition
Photos 6, 7 and 8:
The Carnival offered a variety of exciting performances for the public, including rope performance, freestyle football, and Yo-Yo performance.
Photo 9:
Travis WONG performed three songs, bringing the perfect ending to the second day of the Carnival.
Photos 10, 11 and 12:
Many parents and children participated in the Carnival.
Photos 13 and 14:
The HKIE President Ir Dr Barry LEE Chi Hong, (upper: 6th left; lower: 4th right) with guests and participants at the Carnival

Hashtag: #HKIE

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

About the HKIE

The Hong Kong Institution of Engineers (HKIE) – previously The Engineering Society of Hong Kong – was founded in 1947. In 1975, the HKIE was incorporated under the Hong Kong Institution of Engineers Ordinance, Chapter 1105 of the Laws of Hong Kong. Today the HKIE has over 34,000 members, of which around 17,000 are Corporate Members.

The Institution aims to bring together engineers of different disciplines for their common good. The HKIE is committed to upholding the quality of membership, and sets standards for the training and admission of engineers from 22 engineering disciplines. It also has strict rules governing members’ conduct and is dedicated to raising the ethical standards of professional engineers in Hong Kong. For more information about the HKIE, please visit

CoinEx Releases 1st Brand Video: Interpreting the Bitcoin Halving and “Less Is More” Philosophy


BANGKOK, THAILAND – Media OutReach Newswire – 3 March 2024 – On the 2nd of March, global cryptocurrency exchange CoinEx released its first promo video on YouTube counting down to the highly anticipated Bitcoin halving in 2024. Titled “Coin In CoinEx”, the 2-minute ad encapsulates an industry milestone through the lens of CoinEx’s philosophy. Following up on their previous teaser video outdoor advertisement, you can find the full version of this mysterious promo video. For more updates, join CoinEx Thailand’s community to receive exclusive promotional information.

Storyline Transmits CoinEx’s Brand Mission Through The Lens of Bitcoin Halving

The 2-minute promo video depicts the transformative journey of a coin as it starts as an ordinary coin experiencing the ups and downs of real life. It enters the Web3 universe of CoinEx and transforms into a Bitcoin, embarking on a series of adventures in this new dimension tailored for coins.

Rather than a marketing stunt, the video showcases CoinEx’s tribute to a milestone that will help shape the future crypto landscape. It seems that the exchange aims to play a pivotal role in driving mainstream crypto adoption by making crypto trading simple and accessible to all – less entry barriers, more participation for all levels of users.

Scenes Highlighting Convenience, Professionalism, and Simplicity

In CoinEx CEO Haipo Yang’s tweets, the ethos behind Bitcoin’s halving aligns with CoinEx’s long-standing brand values – lowering crypto entry barriers, driving mainstream adoption, and simplifying the trading experience for users of all levels. Scenes throughout the video highlight CoinEx’s commitment to the “Less is More” philosophy in product refinement, listings, service, and security infrastructure as Haipo Yang has mentioned in his tweets. It seems that CoinEx has shown its determination and dedication to upholding the “professionalism” value within the CoinEx ecosystem.

Users can see how CoinEx’s advocacy for “Less is More” in its products, services, and brand philosophy resonates with the ethos behind Bitcoin halving. Although the halving entails reduced mining rewards in the short term, its design extends a long-term value for Bitcoin. Similarly, by streamlining complexity, CoinEx creates a seamless, professional, and secure trading experience that opens up crypto to users at all levels. As anticipation builds for Bitcoin halving, CoinEx spurs excitement around this momentous crypto event through an unconventional approach.
Hashtag: #CoinEx

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